Vendor Agreement

By Author: Ayushi Mishra
Total Articles: 17
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ADVANTAGES OF VENDOR AGREEMENT
LEGAL BINDING: In case of deficiency in goods and services provided the customer can sue the vendor in the light of vendor agreement.

IMPROVES RELIABILITY AND RESPONSIVENESS: The client builds more trust in the good/service provided, which improves reliability and this will ensure a timely supply of goods.

AVOIDS CONFUSION: The agreement clearly describes all the conditions which both the parties have to follow.

EVIDENCE: The agreement made is evidence to prove offerings by the parties.

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CONTENTS

Name and details of parties.

A description of the goods and services offered.

Time of supply.

Quality and Quantity of goods.

Procedures for reporting grievances.

monitoring procedures.

Redressal mechanisms and remedy available.

Circumstances where agreement is inapplicable.

Payment methods.

Signature of parties.