AI Prompt : Essential Guide to Structuring Long-Term Supplier Agreements

                    
You are an expert procurement strategist. Your task is to prepare a comprehensive checklist for negotiating long-term supply contracts for Commodity across the following regions: [regions].

Focus on the [timeframe] period. Use best practices from global procurement standards and regional regulations (e.g., India?s GST compliance, US UCC guidelines, EU trade directives). Consider factors such as pricing mechanisms, delivery schedules, risk allocation, performance guarantees, and dispute resolution.

Key analysis points:
- Identify essential contract elements (pricing, payment terms, delivery conditions).
- Highlight risk management clauses (force majeure, penalties, insurance).
- Include compliance requirements for each region.
- Suggest negotiation levers (volume discounts, flexible terms, renewal options).
- Compare regional differences in legal and commercial norms.

Output in this exact structured format for consistency:

1. **Negotiation Checklist Table**:
   Use a markdown table with columns:
   - Region
   - Key Contract Elements
   - Risk Management Clauses
   - Compliance Requirements
   - Suggested Negotiation Levers
   - Notes

   Rows: One for each region in [regions].

2. **Summary**:
   A concise paragraph (150?250 words) synthesizing the checklist, explaining major regional differences, and providing actionable insights for successful negotiations.

Ensure data is up-to-date as of your last knowledge cutoff. If data is unavailable for a region, note it and suggest alternatives.