Business
Vendor Agreement
Business contract establishing vendor relationships for goods or services, covering pricing, delivery terms, quality standards, payment conditions, and termination procedures for ongoing commercial partnerships.
Key Clauses
1
Products/Services
Specifies what the vendor will supply, including detailed specifications and quality standards.
2
Pricing and Payment
Details unit prices, volume discounts, invoicing procedures, and payment terms.
3
Delivery Terms
Sets delivery schedules, shipping methods, and risk of loss transfer points.
4
Warranties
Provides product or service warranties, defect remedies, and replacement procedures.
5
Termination
Defines notice periods, grounds for termination, and wind-down procedures.
Use This Template
When You Need This
- Engaging a new vendor for products or services critical to your business
- A vendor formalizing supply terms with a new business customer
- Establishing quality standards and delivery expectations for supplier relationships
- Documenting warranty terms and dispute resolution for vendor purchases