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Preferred Vendor Agreement
"Need a Preferred Vendor Agreement for a Singapore-based technology supplier who will provide software development services to our company, with quarterly volume commitments and performance metrics, starting from March 2025."
1. Parties: Identification of contracting parties and their details
2. Background: Context and purpose of the preferred vendor arrangement
3. Definitions: Key terms used throughout the agreement
4. Scope of Services/Products: Detailed description of products/services to be provided
5. Pricing and Payment Terms: Pricing structure, payment schedule, and related terms
6. Term and Termination: Duration of agreement and termination conditions
7. Performance Standards: Expected quality levels and performance metrics
8. Warranties and Representations: Standard warranties and representations from both parties
9. Confidentiality: Protection of confidential information and trade secrets
10. Liability and Indemnification: Allocation of risks and responsibilities between parties
1. Exclusivity Provisions: Terms of exclusive arrangements, used when parties agree to exclusive supply arrangements
2. Volume Commitments: Minimum purchase obligations, included when specific volume commitments are agreed
3. Technology Integration: Technical requirements for system integration, used when electronic ordering or integration is required
4. Force Majeure: Provisions for unforeseen circumstances beyond parties' control
5. Insurance Requirements: Specific insurance coverage requirements for the vendor
1. Product/Service Schedule: Detailed list of products/services covered under the agreement
2. Pricing Schedule: Detailed pricing structure and volume discounts
3. Service Level Agreement: Specific performance metrics and standards
4. Quality Assurance Requirements: Detailed quality standards and testing procedures
5. Key Personnel: List of key contacts and responsible personnel from both parties
Authors
Affiliate
Applicable Law
Business Day
Confidential Information
Commencement Date
Deliverables
Effective Date
Force Majeure Event
Goods
Initial Term
Intellectual Property Rights
Key Performance Indicators
Material Breach
Minimum Purchase Commitment
Order
Preferred Pricing
Products
Purchase Order
Quality Standards
Representatives
Services
Service Levels
Specifications
Term
Territory
Third Party
Volume Discount
Working Hours
Term and Renewal
Ordering Process
Pricing and Payment
Delivery
Quality Standards
Performance Standards
Service Levels
Volume Commitments
Exclusivity
Warranties
Compliance with Laws
Confidentiality
Intellectual Property
Data Protection
Insurance
Liability and Indemnification
Force Majeure
Termination
Exit Rights
Business Continuity
Audit Rights
Change Control
Dispute Resolution
Assignment and Subcontracting
Notices
Entire Agreement
Governing Law
Anti-Corruption
Non-Solicitation
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