The document outlines various updates and changes to a supply agreement between Walmart Corp. and BigBox Manufacturing Inc., including updates to parties, effective date, termination notice, and the addition of a confidentiality clause. It also specifies the removal of exclusivity, no facility access, no licensing rights, and adjustments to discount for late delivery and interest rates. All changes have been successfully implemented with no reported failures.
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Supply Agreement Updates and Changes
The document outlines various updates and changes to a supply agreement between Walmart Corp. and BigBox Manufacturing Inc., including updates to parties, effective date, termination notice, and the addition of a confidentiality clause. It also specifies the removal of exclusivity, no facility access, no licensing rights, and adjustments to discount for late delivery and interest rates. All changes have been successfully implemented with no reported failures.
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{
"instructions": [ { "id": 1, "title": "Update Parties", "text": "The parties should be company - Walmart Corp. and supplier – BigBox Manufacturing Inc.", "result": "success", "failure_reason": { "text": "", "inputs": "" }, "edit_suggestion": [ { "type_of_change": "update", "outer_text": "by and between John & Doe Inc., a Delaware corporation", "id": 1001, "start_pos": 129, "length": 54, "status": "success", "resolution": { "original_text": "John & Doe Inc.", "start_pos": 144, "length": 14, "new_text": "Walmart Corp." } }, { "type_of_change": "update", "outer_text": "and Waystar Royco Corporation, a corporation organized", "id": 1002, "start_pos": 291, "length": 54, "status": "success", "resolution": { "original_text": "Waystar Royco Corporation", "start_pos": 295, "length": 25, "new_text": "BigBox Manufacturing Inc." } }, { "type_of_change": "update", "outer_text": "hereinafter referred to as “J&D”", "id": 1003, "start_pos": 256, "length": 31, "status": "success", "resolution": { "original_text": "J&D", "start_pos": 284, "length": 3, "new_text": "Buyer" } }, { "type_of_change": "update", "outer_text": "hereinafter referred to as “Supplier”", "id": 1004, "start_pos": 454, "length": 36, "status": "success", "resolution": { "original_text": "Supplier", "start_pos": 482, "length": 8, "new_text": "Supplier" } } ] }, { "id": 2, "title": "Update Effective Date", "text": "Effective Date should be January 1st 2024", "result": "success", "failure_reason": { "text": "", "inputs": "" }, "edit_suggestion": [ { "type_of_change": "update", "outer_text": "This Supply Agreement (the “Agreement”) is dated as of August 1st, 2020", "id": 2001, "start_pos": 34, "length": 71, "status": "success", "resolution": { "original_text": "August 1st, 2020", "start_pos": 89, "length": 16, "new_text": "January 1st, 2024" } } ] }, { "id": 3, "title": "Termination Notice", "text": "Can be terminated with a written notice of 30 days", "result": "success", "failure_reason": { "text": "", "inputs": "" }, "edit_suggestion": [ { "type_of_change": "update", "outer_text": "Either party may terminate this Agreement 30 days after giving notice", "id": 3001, "start_pos": 37609, "length": 69, "status": "success", "resolution": { "original_text": "30 days after giving notice", "start_pos": 37651, "length": 27, "new_text": "30 days after giving written notice" } } ] }, { "id": 4, "title": "Add Confidentiality Clause", "text": "Add a condition of confidentiality around deal for 12 months after expiry of the agreement, for both the parties", "result": "success", "failure_reason": { "text": "", "inputs": "" }, "edit_suggestion": [ { "type_of_change": "insert", "outer_text": "9.4. Return of Property. Upon the termination or expiration of this Agreement", "id": 4001, "start_pos": 33835, "length": 77, "status": "success", "resolution": { "original_text": "", "start_pos": -1, "length": 0, "new_text": "9.5. Post-Term Confidentiality. Both parties agree to maintain confidentiality of the terms of this Agreement for a period of 12 months following its expiration or termination." } } ] }, { "id": 5, "title": "Remove Exclusivity", "text": "Buyer is not bound by any exclusivity arrangement. Remove any references or clauses pertaining to that.", "result": "success", "failure_reason": { "text": "", "inputs": "" }, "edit_suggestion": [ { "type_of_change": "delete", "outer_text": "During the Term of this Agreement, except as otherwise provided in this Agreement, J&D shall purchase Products exclusively from Supplier.", "id": 5001, "start_pos": 5362, "length": 136, "status": "success", "resolution": { "original_text": "During the Term of this Agreement, except as otherwise provided in this Agreement, J&D shall purchase Products exclusively from Supplier.", "start_pos": 5362, "length": 136, "new_text": "" } }, { "type_of_change": "delete", "outer_text": "The exclusivity provisions of Section 3.4, Right of First Proposal provisions of Section 3.5 and any other restrictions in this Agreement shall not apply to Promotional Products.", "id": 5002, "start_pos": 6595, "length": 177, "status": "success", "resolution": { "original_text": "The exclusivity provisions of Section 3.4, Right of First Proposal provisions of Section 3.5 and any other restrictions in this Agreement shall not apply to Promotional Products.", "start_pos": 6595, "length": 177, "new_text": "" } } ] }, { "id": 6, "title": "No Facility Access", "text": "Supplier will not be given access to any of Buyer’s facilities for the purpose of fulfilment of the orders", "result": "success", "failure_reason": { "text": "", "inputs": "" }, "edit_suggestion": [ { "type_of_change": "delete", "outer_text": "If in providing Products or related services under this Agreement, Supplier shall require access to J&D’s facilities: (i) any such access by Supplier and its personnel shall be subject to the U.S. International Traffic in Arms Regulations and J&D’s security policies from time to time in effect, which limit those individuals who may access J&D’s facilities; and (ii) Supplier shall satisfy any requirements of J&D to provide insurance, which may be in addition to the insurance otherwise required under this Agreement, on account of Supplier’s activities on J&D’s site.", "id": 6001, "start_pos": 8481, "length": 569, "status": "success", "resolution": { "original_text": "If in providing Products or related services under this Agreement, Supplier shall require access to J&D’s facilities: (i) any such access by Supplier and its personnel shall be subject to the U.S. International Traffic in Arms Regulations and J&D’s security policies from time to time in effect, which limit those individuals who may access J&D’s facilities; and (ii) Supplier shall satisfy any requirements of J&D to provide insurance, which may be in addition to the insurance otherwise required under this Agreement, on account of Supplier’s activities on J&D’s site.", "start_pos": 8481, "length": 569, "new_text": "" } } ] }, { "id": 7, "title": "No Licensing Rights", "text": "Supplier will not grant any licensing rights to Buyer for the products that it is supplying", "result": "success", "failure_reason": { "text": "", "inputs": "" }, "edit_suggestion": [ { "type_of_change": "delete", "outer_text": "3.8. License to Products and Patents in Products. During the term of this Agreement, Supplier hereby grants J&D a royalty-free, nontransferable, nonsublicenseable, worldwide, non-exclusive license to offer to sell and sell firearms that incorporate the Products. The grant of such license shall be effective upon the signing of this Agreement.", "id": 7001, "start_pos": 10056, "length": 342, "status": "success", "resolution": { "original_text": "3.8. License to Products and Patents in Products. During the term of this Agreement, Supplier hereby grants J&D a royalty-free, nontransferable, nonsublicenseable, worldwide, non-exclusive license to offer to sell and sell firearms that incorporate the Products. The grant of such license shall be effective upon the signing of this Agreement.", "start_pos": 10056, "length": 342, "new_text": "" } } ] }, { "id": 8, "title": "Discount for Late Delivery", "text": "If the supplier fails to deliver the products within 7 days of Delivery Date, and if such a delay is not due to any action or inaction of Buyer or otherwise excused in accordance with this agreement, Supplier will provide a 25% discount", "result": "success", "failure_reason": { "text": "", "inputs": "" }, "edit_suggestion": [ { "type_of_change": "update", "outer_text": "If Supplier fails to deliver Products within 14 days of the Delivery Date and if such delay is not due to any action or inaction of J&D or otherwise excused in accordance with this Agreement, J&D shall receive a 10% discount on such Order", "id": 8001, "start_pos": 14176, "length": 238, "status": "success", "resolution": { "original_text": "If Supplier fails to deliver Products within 14 days of the Delivery Date and if such delay is not due to any action or inaction of J&D or otherwise excused in accordance with this Agreement, J&D shall receive a 10% discount on such Order", "start_pos": 14176, "length": 238, "new_text": "If Supplier fails to deliver Products within 7 days of the Delivery Date and if such delay is not due to any action or inaction of Buyer or otherwise excused in accordance with this Agreement, Buyer shall receive a 25% discount on such Order" } } ] }, { "id": 9, "title": "Interest Rate Update", "text": "Buyer shall pay a fixed interest rate of 5% p.a., calculated daily and compounded monthly. Other conditions remain same.", "result": "success", "failure_reason": { "text": "", "inputs": "" }, "edit_suggestion": [ { "type_of_change": "update", "outer_text": "J&D shall pay interest on all late payments (whether during the Term or after the expiration or earlier termination of the Term), calculated daily and compounded monthly, at the lesser of 10% per year or the highest rate permissible under applicable law.", "id": 9001, "start_pos": 17941, "length": 253, "status": "success", "resolution": { "original_text": "calculated daily and compounded monthly, at the lesser of 10% per year or the highest rate permissible under applicable law.", "start_pos": 18071, "length": 123, "new_text": "calculated daily and compounded monthly, at a fixed rate of 5% per year." } } ] } ] }