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1. What is a Food Supply and Delivery agreement? 

This agreement is entered between the parties wherein one party is the provider of the recipes or any intellectual property and other party is the manufacturer. Such contracts are entered when the party has decided. A proper food supplier agreement places the manufacturer or marketer on the hook for any legal responsibilities imaginable. Big retailers recognise that having access to their customers is a privilege, and this is reflected in their supplier agreements. The more powerful the store, the more restrictive the terms for the food industry will be. Typically, the terms are non-negotiable, "take it or leave it" agreements. Food companies often consent to things like recall charges in these agreements, which can be a major risk. 

2. Why is the Food Supply and Delivery agreement is Important ? 

Supply chain contracts are the legal frameworks that ensure that the essential resources arrive on time and in a set manner. Despite this, many firms fail to properly design these contracts, which can result in serious problems for the company. Essentially, Supply Chain Contracts strive to smooth the flow of products, information, money, and other inputs from source to customer, as well as ensuring that the quality of the given product meets the agreed-upon standard. 

Disclaimer- This is a compilation of already available information on the public domain, it is for awareness and informational purposes