Process payments according to agreed terms—upfront, in installments, or upon delivery. Reconciliation follows next, where you and the vendor ensure all transactions are correctly documented. This step maintains financial integrity and transparency, whether dealing with small vendors or large-scale ...
What is a vendor contract or vendor agreement? A vendor contract (or vendor agreement) is a business contract that sets out the terms and conditions of a purchase, and is an important touchpoint between the buyer and the seller. For the vendor or supplier, the contract helps to recognize re...
A vendor rebate agreement is a record of a contract with a vendor that specifies the negotiated terms and conditions under which the company qualifies for a monetary reward in return for achieving preset purchase targets. Vendor rebate agreements are recorded on theRebate agreementspage. ...
Examples ofVendor Contractor(s)in a sentence Vendor, Vendor Contractors, and Vendor Personnel may have access to Customer Data solely to the extent necessary to carry out their duties under the Agreement. Vendor will ensure that any Vendor Contractors or Vendor Personnel will abide by this provisio...
Examples ofVendor Indemnityin a sentence Further,Vendor Indemnity/ Defend / Relieve GRSE harmless from Laws, cost of damage, by reason all any actual or alleged violation thereof. The Parties will use reasonable commercial efforts to negotiate, finalize and cause the Covered Credit Agreement, and ...
Program Terms and Conditions (herein the “Agreement") As used herein, “You” means the legal person or entity that by its agents or representatives applies for the Alcatel-Lucent Enterprise Developer & Solution Partner Program (herein the “DSPP”) membership under this Agreement. “Your” ...
In disputes, vendor credits may be part of a negotiated agreement. This approach can save time and resources for both parties involved, instead of dealing with more complex negotiation terms. How to Handle Vendor Credits in Facilities Management ...
Vendor Managed Inventory AgreementA VMI agreement outlines all of the terms and activities that both the buyer and supplier will commit to for the duration of the agreement. An effective VMI agreement includes details such as the inventory stockrooms that the supplier will have access to, the ...
A well-drafted contract should clearly define the scope of work, delivery expectations, and contractual terms. This clarity helps prevent disputes and ensures smooth operations. Implement Regular Performance Reviews Monitor how well your vendors follow contractual terms and assess the quality of their wo...
Aug 25, 2021 - A vendor contract is an agreement between a business and a supplier for the provision of products or services that the buyer will use to conduct its own...