A Supplier Contract refers to a legal agreement between a business entity and an external supplier for the delivery of products and services. A Supplier Contract provides exclusivity to the suppliers to fulfil a certain volume of goods and services over a period with terms and conditions including performance. To the supplier, the contract guarantees a certain volume over a given period which is not available to competitors. In business valuation analysis, a supplier contract qualifies as an intangible asset because it can be recognised, accurately measured, and has intrinsic value to the owner. Intangible assets are a class of assets without physical form which can generate significant value to the owners. In determining the fair market value of a supplier contract, business valuation analysts apply techniques under income, market and asset methods.