The strategic vendor contract is a binding legal contract made between two parties, one whom is a company or an organization while the other party is a vendor who wishes to be associated with the organization and help in marketing the product or services of the company.

Sample strategic vendor contract

Vendor number: BAH/1905/2011

Effective Date of contact:  November 23rd, 2011.

This contract is an official agreement that contains legal terms and conditions for facilitating the hiring of a vendor to market specific services or products manufactured and promoted by Jive.

Whereas the organization is located at

Jive

Address: 2900 McKinnon Street #504,

Dallas TX 75201

Phone: (214) 939-2192

Whereas the vendor is located at

Ikon Sales

Address: 3910 Davila Drive,

Dallas TX 75220

Phone: (214) 741-9191

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

  • License:

The strategic vendor contract licenses the said vendor “Ikon Sales” to sell the products (Denim) of “Jive” across different markets in the state of Texas. The vendor “Ikon Sales” will also promote the products through their own retail outlet situated in Dallas, Texas. The vendor will market Jive’s products in the territories mentioned in “Territory” section of the contract only.

  • Payment:

“Ikon Sales” will send electronic invoices to their dealers and other retailers within the specified “Territory” and receive payments from them no later than the 10th day of each month. The vendor will then send payment to “Jive” no later than the 25th day of each month and raise an invoice for the same.

  • Returns:

“Ikon Sales” has the right to return at full expense of the company any product that (a) infringes copyright, and trademark (b) is not in accordance to the standards of the industry (c) is damaged (d) has been shipped in error.

Both the parties are requested to validate the contract:

Signature on behalf of the Organization:

Michael Johnson / Jive

Signature on behalf of the Vendor:

Garry Potter / Ikon Sales

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