VENDOR CONTRACT AGREEMENT FORMAT
This Vendor Contract Agreement (“Agreement”) is made and entered into this ___ day of __________, 20___, by and between:
Party 1: [Your Company Name]
Address: [Company Address]
Phone: [Company Phone Number]
Email: [Company Email Address]
(Hereinafter referred to as the “Company”)
AND
Party 2: [Vendor Name]
Address: [Vendor Address]
Phone: [Vendor Phone Number]
Email: [Vendor Email Address]
(Hereinafter referred to as the “Vendor”)
WHEREAS, the Company wishes to engage the Vendor to provide certain goods/services under the terms set forth in this Agreement.
NOW, THEREFORE, the parties agree as follows:
1. Scope of Services
The Vendor agrees to provide the following goods/services to the Company:
[Description of Goods/Services]
[Quantity, Delivery Dates, and Specifications]
2. Term of Agreement
This Agreement shall commence on the ___ day of __________, 20___ and continue in effect until the ___ day of __________, 20___, unless terminated earlier according to the terms outlined in this Agreement.
3. Payment Terms
The Company agrees to pay the Vendor the amount of $[Amount] for the goods/services provided under this Agreement. Payments will be made as follows:
[Payment Schedule: e.g., 50% upon execution, 50% upon completion]
Any additional terms regarding late payments, taxes, or penalties.
4. Delivery Terms
5. Performance Standards
6. Confidentiality
Both parties agree to keep confidential any proprietary information disclosed during the term of this Agreement and will not share such information with any third party without prior written consent.
7. Intellectual Property
Any intellectual property created or used during the course of this Agreement, including but not limited to designs, documents, and products, will remain the property of the Company unless otherwise stated.
8. Termination
Either party may terminate this Agreement upon providing [Number of days] days' written notice, subject to the terms and conditions outlined below:
Conditions for termination, such as breach of contract or non-performance.
Responsibilities upon termination, including final payment or return of property.
9. Indemnification
The Vendor agrees to indemnify and hold harmless the Company against any claims, damages, or legal actions arising from the Vendor's negligence or failure to comply with the terms of this Agreement.
10. Dispute Resolution
Any disputes arising under this Agreement will be resolved through [Arbitration/Mediation] conducted in [Location].
11. Miscellaneous
Force Majeure: Neither party will be liable for failure to perform due to circumstances beyond their control, such as natural disasters, strikes, etc.
Governing Law: This Agreement shall be governed by the laws of the State of [State Name].
Amendments: This Agreement may be amended only in writing and signed by both parties.
SIGNATURES
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
Company
Signature: _______________________
Name: [Full Name]
Title: [Title]
Date: [Date]
Vendor
Signature: _______________________
Name: [Full Name]
Title: [Title]
Date: [Date]
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