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Vendor Agreement

This Vendor Agreement template is for use by a business looking to establish a formal relationship with a vendor for the supply of goods or services. It outlines the terms and conditions governing the engagement to ensure clarity and protect both parties.

Updated 15d ago
vendor agreementsupplier contractprocurementsouthern Africabusinesslegal

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

VENDOR AGREEMENT

This Vendor Agreement (the “Agreement”) is made and entered into on this {{day}} day of {{month}}, {{year}} (the “Effective Date”) by and between:

**{{buyer_company_name}}**, a company duly incorporated under the laws of {{buyer_company_jurisdiction}}, with its principal place of business at {{buyer_company_address}} (hereinafter referred to as “the Buyer”); and

**{{vendor_company_name}}**, a company duly incorporated under the laws of {{vendor_company_jurisdiction}}, with its principal place of business at {{vendor_company_address}} (hereinafter referred to as “the Vendor”).

The Buyer and the Vendor are hereinafter collectively referred to as the “Parties” and individually as a “Party.”

1. Purpose of Agreement

This Agreement sets forth the terms and conditions under which the Vendor shall provide {{description_of_goods_or_services}} (the “Goods/Services”) to the Buyer.

2. Scope of Work/Services

The Vendor agrees to provide the Goods/Services as further detailed in **Schedule A: Scope of Work/Services**, attached hereto and forming an integral part of this Agreement. Any changes to the scope of work/services must be mutually agreed upon in writing by both Parties.

3. Compensation and Payment Terms

3.1. In consideration for the Goods/Services provided, the Buyer shall pay the Vendor a total amount of {{currency}} {{total_amount}} ({{total_amount_words}}), or as otherwise specified in **Schedule B: Payment Schedule**.

3.2. Payment shall be made by the Buyer to the Vendor within {{payment_days}} days of receipt of a valid invoice, unless otherwise agreed in writing. All invoices must be submitted to {{invoice_email}}.

3.3. The Vendor shall be responsible for all taxes, duties, and other governmental charges associated with the provision of the Goods/Services, excluding those taxes that the Buyer is legally obligated to remit on the Vendor’s behalf.

4. Term and Termination

4.1. This Agreement shall commence on the Effective Date and shall continue in full force and effect for a period of {{agreement_term}} unless terminated earlier in accordance with the provisions herein.

4.2. Either Party may terminate this Agreement by providing {{notice_days}} days’ written notice to the other Party in the event of a material breach of this Agreement by the other Party, provided such breach is not remedied within the notice period.

4.3. Either Party may terminate this Agreement for convenience by providing {{convenience_notice_days}} days’ written notice to the other Party.

5. Confidentiality

Both Parties agree to keep confidential all non-public information obtained during the course of this Agreement, including but not limited to business plans, customer lists, pricing, and technical data. This obligation shall survive the termination of this Agreement for a period of {{confidentiality_period}} years.

6. Warranties and Representations

The Vendor warrants that the Goods/Services provided shall be performed in a professional manner, with due care and diligence, and conform to the specifications outlined in Schedule A. The Vendor further warrants compliance with all applicable laws and regulations.

7. Indemnification

The Vendor agrees to indemnify and hold harmless the Buyer from and against any and all claims, losses, damages, liabilities, and expenses (including reasonable legal fees) arising out of or in connection with any breach by the Vendor of its obligations under this Agreement or any negligent or wrongful acts or omissions of the Vendor or its personnel.

8. Governing Law and Dispute Resolution

8.1. This Agreement shall be governed by and construed in accordance with the laws of {{governing_jurisdiction}}.

8.2. Any dispute, controversy or claim arising out of or relating to this Agreement, or the breach, termination or invalidity thereof, shall first be subjected to good faith negotiations between the Parties. If the dispute cannot be resolved through negotiation within {{negotiation_days}} days, it shall be referred to mediation in accordance with the rules of {{mediation_body}}.

9. Entire Agreement

This Agreement, including all attached schedules, constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether oral or written.

Signature Block

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the Effective Date.

**FOR THE BUYER:**

_____________________________

Name: {{buyer_signatory_name}}

Title: {{buyer_signatory_title}}

Date: {{buyer_signature_date}}

**FOR THE VENDOR:**

_____________________________

Name: {{vendor_signatory_name}}

Title: {{vendor_signatory_title}}

Date: {{vendor_signature_date}}

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