The negotiating vendor contract is a binding legal contract made between an organization and a vendor or third party chosen by the organization to provide specific services. The negotiating vendor contract consists of various terms and conditions that have been negotiated with the vendor and accepted.

Sample negotiating vendor contract

Vendor contract number: ALV/15/2011

Effective Date of contact:  November 23rd, 2011.

This contract is an official document and based on legal terms and conditions in order to hire the Rayson & Jones as a vendor to provide services mentioned in the contract to Alvin Lowe and it is valid for a period of 1 year.

Whereas the organization is located at

Alvin Lowe

Address: 2881 Whitmore Street,

Omaha NE 68112

Phone: (402) 453-0338

Whereas the vendor is located at

Rayson & Jones

Address: 2311 Bancroft Street,

Omaha NE 68108

Phone: (402) 706-9983

Following terms and conditions are important aspect of the negotiating vendor contract and need to be followed:

  • Payment:

The vendor will be paid the amount as discussed in the “Retainer Fee” section of this agreement on the 07th day of each month only after receipt of invoices from the said vendor services.

  • Nondisclosure:

In this business relationship, either parties will have access to inside information and according to the terms and conditions of this negotiating vendor contract, neither party should divulge each other’s information to a third party and maintain confidentiality at all times.

  • Termination:

The term of this organization-vendor business relationship will end on 24 November 2012. The organization is authorized to terminate the relationship prior to the date by giving a written notice of 60 (sixty) days to the vendor.

Both the parties are requested to validate the contract:

Signature on behalf of the Organization:

Becky Whitworth / Alvin Lowe

Signature on behalf of the Vendor:

Mike Atherton / Rayson & Jones

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