A supplier agreement is a legal contract with your suppliers, defining the rights and obligations of all parties involved.
A supplier agreement governs the procurement of materials, products or services by your company from a third party for a pre-negotiated price and to be supplied in a certain timeframe.
It specifies the type of materials and products sourced, quantity, quality of goods/service, price, payment terms, confidentiality clauses, specifications and procurement terms and conditions.
A supplier agreement can be categorized as an:
Having an up-to-date and comprehensive collection of all supplier agreements enables your company to:
Having an up-to-date and comprehensive collection of all supplier agreements is important for an event tomorrow, as it helps: