Vendor Agreement

A vendor agreement, also known as a supplier agreement, is a legal contract between a company and a vendor that outlines the terms and conditions of their business relationship. The agreement specifies the goods or services to be provided by the vendor, the price and payment terms, the delivery schedule, and the responsibilities of each party. The agreement may also include provisions related to quality control, intellectual property, confidentiality, termination, and dispute resolution. It is important for both parties to review and understand the terms of the agreement before signing it, to ensure that their interests are protected and that the business relationship can be successful.