Free Diverse Supplier Agreement HR

This Diverse Supplier Agreement (the "Agreement") is made and entered into as of [Insert Date], by and between:

[Your Company's Name], a corporation organized and existing under the laws of [State] with its principal place of business located at [Address] (hereinafter referred to as the "Company"), and

[Supplier's Name], a corporation organized and existing under the laws of [State] with its principal place of business located at [Address] (hereinafter referred to as the "Supplier").

Collectively referred to as the "Parties."

WHEREAS, the Company is committed to fostering diversity and inclusion in its supply chain;

WHEREAS, the Supplier is a certified diverse supplier with the required qualifications and capacity to provide the goods and/or services required by the Company;

NOW, THEREFORE, in consideration of the mutual covenants, terms, and conditions contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

1. Scope of Supply

• The Supplier agrees to deliver goods and/or provide services as detailed in the attached Exhibit A, inclusive of any specifications, schedules, or quality parameters.

• The Company reserves the right to modify the scope of supply with prior written notification to the Supplier. Any changes to the scope will be mutually agreed upon by both Parties.

2. Compliance with Standards

• The Supplier shall comply with all federal, state, and local laws, ordinances, regulations, and orders that are applicable to this Agreement including, but not limited to, all nondiscrimination and equal opportunity laws.

• The Supplier shall maintain any relevant certifications and provide evidence of such as requested by the Company.

3. Payment Terms

Payments shall be made by [Payment Method] within [Number of Days] days of receipt of invoice.

4. Quality Assurance

• The Supplier shall meet or exceed the quality standards as set forth in Exhibit A or otherwise communicated by the Company.

• The Company reserves the right to conduct audits, inspections, and evaluations of Supplier's operations related to the Agreement.

5. Termination

• Either Party may terminate this Agreement for material breach by the other Party, provided written notice is given and the breach is not cured within [Number of Days] days.

• Upon termination, the Supplier shall return or destroy all Company proprietary information.

6. Dispute Resolution

The Parties agree to engage in good faith negotiations to resolve any disputes. If no resolution can be reached, the Parties agree to arbitration as per [Arbitration Body Rules].

7. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of [Insert State], without regard to its conflict of laws principles.

8. Entire Agreement
   

This Agreement constitutes the entire understanding between the Parties relating to the subject matter hereof. Any amendments must be in writing and signed by both Parties.

IN WITNESS WHEREOF, the Parties have executed this Diverse Supplier Agreement as of [Insert Date].

Company's Name:

[Your Name, Position]

Supplier:

[Supplier's Name, Position]

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