A comprehensive agreement covering various aspects of a relationship with a vendor, including quality of goods supplied, duration of contract and mode of payment.A Vendor Agreement is a contract stating the terms through which the job will be rendered by the dealer. It is a all-inclusive contract including the various details of the job such as good quality provided or service rendered, contract time period, conditions and way of transacting payment. This kind of contract will be beneficial to people entertaining big scale event for example, a city fair or trade carnival where many vendors come together and sell their merchandise.
A good well-defined Consultancy contract will minimise the risk of future lawsuits, as the rights and responsibility of the involved parties are clearly defined in the contract.
Defines The Process
This agreement can be tailored to detail the exact job description of the vendor. Additionally, the vendor will also have to put forth his area allotment, comfort and amenities needed and applicable and also state his mode of transaction for remuneration.
It Protects Both Parties. A well-drafted Vendor Agreement will minimise risk of future litigation, as the rights and duties of both parties are clearly laid down in the agreement.