A vendor service contract is a contract or a legal document which is drafted when a vendor offers services to a buyer in return for a certain amount of money and for a fixed period of time. This contract consists of terms and conditions on the basis of which the contract is signed.
Sample vendor service contract:
This contract has been made effective as on 29th June 2011 and shall remain into effect for 24 months after the effective date.
This contract has been made between Mr. Mathew Earnest who is herein referred to as the VENDOR and Mr. Paul Young who is herein referred to as the VENDEE.
The details of the parties are given as follows:
Name of store: Earnest water filter
Address of store: 34-F, first floor, pearl tower, London
VENDEE owns a plot of apartments which shall require servicing of water filters on monthly basis.
Address of plot: Ridge Street, Block 2, London
Total cost of service: $5000 each month
Termination of contract: 29th June 2013
Terms and conditions:
- The VENDOR agrees to provide water filter service to the VENDEE for 12 apartments every month for a period of 24 months.
- The VENDEE agrees to pay the decided amount to the VENDOR each month within the first week of each month.
- The VENDEE cannot ask any other water filter servicing company to service the filters of the 12 mentioned apartments.
Both the parties hereby agree to the terms of the contract and give their validations: