Vendor contracts

Vendor contracts are formal agreements between a business and a supplier or service provider. They outline the terms, conditions, pricing, scope of work, and responsibilities of each party. These contracts ensure both sides understand their obligations, set expectations, and protect legal rights. Essentially, they serve as a roadmap for the business relationship, helping prevent misunderstandings and providing a clear framework for delivering goods or services as agreed. Properly drafted vendor contracts are essential for maintaining a smooth, transparent, and legally sound partnership.