Written business agreements and contracts, such as a Vendor Agreement, are vital parts of a business. Given the importance of vendors to the business supply chain, few business owners appreciate the importance of drafting an agreement while employing one.
A Vendor, also called a supplier, is a person or company who purchases goods and services – from distributors or directly from manufacturers – and resells these items to other businesses or the final consumers.
Every business depends on vendors to operate successfully. You can lay down rules and guidelines for your vendors but let’s be real, without any written agreement, they will find it difficult to remember and efficiently execute them.
Continue reading “Vendor Agreement: What is it and How to Create it!”