A Vendor Agreement is an agreement entered into between vendors of products and services, and any individual or business owner. It states the provisions and conditions of service that a contractor must abide by and the business owner must ensure. Such details as the specifics of the service to be provided such as date, time and location must be mentioned in the agreement.
A Vendor Agreement must ideally be accompanied by a Statement of Work. The agreement becomes valid on being signed by the vendor and the individual or business owner. A vendor agreement is necessary for setting out the terms of expectations between the parties and minimizing the risk of conflict and confusion.
- You must hire the top Startup lawyers in your locality to help you draft a Vendor Agreement tailored to meet your specific needs and circumstances.
- The Vendor Agreement shall be drafted and sent to you for approval.
- The Vendor Agreement shall be drafted incorporating your suggestions(if any).