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Vendor Agreement

(Vendor Agreement drafting typically takes about 3 working days)

Understanding the requirements
Advice on Terms and Conditions to be included
Drafting the Vendor Agreement
Incorporate Changes suggested by Client (2 Rounds)

Starting At:
Rs 1,999/- All Inclusive

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Vendor Agreement

What is Vendor Agreement?

A Vendor Agreement is signed between Service or Good User and Service or Good Provider. Vendor Agreement is similar to Service Level Agreement and the content of one of them could be merged with another to make a comprehensive document. Vendors can include Website Development, Website Maintenance, Interior Designing, Construction, Good Suppliers etc. Vendor Agreement is a formal agreement which outlines the deliverables of service, goods and needs to be signed before commencement of service or supply.

A Vendor Agreement should include, but not be limited to, deliverables, accepted level of downtime, time frame, support response, rates, fines on delay in deliverables, jurisdiction, quality of goods supplied, duration of the contract, terms and mode of payment etc. Ca4you-legal undertakes the job of drafting Vendor Agreement starting from Rs 1,999/-.

What is included in our Vendor Agreement package?

Understanding the requirements
Advice on Terms and Conditions to be included
Drafting the Vendor Agreement
Incorporate Changes suggested by Client (2 Rounds)

Procedure for Vendor Agreement

Documents Required For Vendor Agreement?

Information about Service/Goods to be provided
Information about Deliverables
Information asked by ca4you.in in required format

Advantages of Vendor Agreement

Sets Expectations

By having Vendor Agreement, the expectation of Service and Goods Provider and Service and Goods Users are set to avoid confusion later on which wastes time of everyone involved later on. It also allows provider to quote the correct right and allows clients to understand if they are getting value for money or not.

Reference point to address issues

If there is any issue between client and vendors later on, Vendor Agreement serves as starting point to resolve the issue. It is also the reference document which is used if the case goes to court.

FAQ'S

Q. Can Vendor Agreement be signed through e-mails?

Vendor Agreement on e-mail is also acceptable but all the parties involved should send a reply saying that they “confirm to accept the Vendor Agreement without any changes”.

Q. Is it mandatory to have Vendor Agreement printed on Stamp Paper?

No, it is not mandatory to have Vendor Agreement printed in Stamp Paper. You can print it and sign it in normal paper.

Q. Can Legal Action be taken against the parties if they break to comply with Terms and Conditions signed in Vendor Agreement?

Yes, any party can be taken to court and be sued against damages etc. caused by his action to opposite party by not following Vendor Agreement.

Q. What is difference between Service Level Agreement and Vendor Agreement?

A vendor agreement and service level agreement are mostly the same things and both of it should be comprehensive enough to have all the information such as payment amount, service level, timelines, jurisdiction etc.