Free template
Vendor Agreement
Set clear terms for goods or services supply with this Vendor Agreement Template.
Downloaded 2364 times
Vendor Agreement Template
This Vendor Agreement (“Agreement”) is entered into on [Date], by and between:
Client: [Full Legal Name / Company Name], with its principal address at [Address].
Vendor: [Full Legal Name / Company Name], with its principal address at [Address].
Together referred to as the “Parties.”
1. Scope of Goods/Services
The Vendor agrees to provide the following goods/services to the Client:
[Describe goods or services in detail, including specifications, quantities, or service levels].
2. Term
This Agreement shall commence on [Start Date] and continue until [End Date/Termination Event], unless terminated earlier in accordance with this Agreement.
3. Pricing and Payment Terms
The Client agrees to pay the Vendor as follows:
Total price: $[Amount] or unit pricing as per Exhibit A.
Invoices shall be due within [X] days of receipt.
Late payments may incur interest at [X%] per month or the maximum allowed by law.
4. Delivery and Performance
The Vendor shall deliver goods/services to [Delivery Address or Method] by [Delivery Date].
Time is of the essence, and failure to deliver on time may result in remedies including cancellation or damages.
5. Warranties
The Vendor represents that all goods/services provided under this Agreement will conform to agreed specifications, be free from defects, and comply with applicable laws and regulations.
6. Confidentiality
Both Parties agree to maintain confidentiality of proprietary or sensitive information disclosed during the course of this Agreement.
7. Indemnity
The Vendor shall indemnify and hold harmless the Client against claims, damages, or losses arising from defective goods, negligence, or breach of this Agreement.
8. Termination
Either Party may terminate this Agreement with [30/60] days’ written notice, or immediately in the event of material breach by the other Party.
9. Limitation of Liability
Neither Party shall be liable for indirect or consequential damages. Liability is limited to the total amount paid under this Agreement, except in cases of fraud or gross negligence.
10. Governing Law
This Agreement shall be governed by and construed under the laws of [State/Country].
Signatures
Client: ___________________________ Date: ____________
Name & Title: ______________________
Vendor: ___________________________ Date: ____________
Name & Title: ______________________
Details
Learn more about
Vendor Agreement
VENDOR AGREEMENT FAQ
What is a Vendor Agreement?
A Vendor Agreement is a contract that defines the relationship between a company and a vendor supplying goods or services. It outlines pricing, delivery schedules, quality standards, and responsibilities of each party.
Why is a Vendor Agreement important?
It prevents misunderstandings and disputes by putting obligations in writing. A clear agreement helps manage risk, ensures reliable supply, and protects both parties with enforceable terms.
When should you use a Vendor Agreement?
Use it whenever engaging an outside vendor for recurring or one-time supply of goods or services, whether for raw materials, finished products, or outsourced services.
What should a Vendor Agreement include?
It should include the scope of goods or services, pricing, delivery terms, payment schedules, warranties, liability clauses, termination rights, and governing law. Adding dispute resolution terms further strengthens the contract.
Does a Vendor Agreement apply only to goods?
No. It applies to both goods and services, covering everything from manufacturing supply to consulting services, provided a business is receiving value from an external vendor.
Need a customized Vendor Agreement?
Use our AI-powered builder to generate a tailored Vendor Agreement in minutes—professional, compliant, and ready to sign.
Similar templates
