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Preferred Vendor Contract
"Need a Preferred Vendor Contract for our new IT hardware supplier, ABC Technologies Ltd, with specific provisions for quarterly performance reviews, minimum purchase commitments of £500,000 annually, and service level agreements for next-day delivery starting from March 2025."
1. Parties: Identification and details of contracting parties
2. Background: Context and purpose of the preferred vendor relationship
3. Definitions: Key terms used throughout the agreement
4. Scope of Agreement: Details of preferred vendor status and obligations
5. Term and Renewal: Duration and renewal provisions
6. Pricing and Payment Terms: Pricing structure, payment schedules, and related terms
7. Service Levels: Performance standards and metrics
8. Termination: Circumstances and procedures for ending the agreement
1. Volume Commitments: Minimum purchase obligations - use when specific volume requirements are needed
2. Exclusivity Provisions: Terms of exclusive supply arrangements - use when exclusive supply relationship is required
3. Technology Requirements: IT systems and integration requirements - use when technical integration is needed
1. Product/Service Schedule: Detailed list of products/services covered
2. Pricing Schedule: Detailed pricing structure and terms
3. Service Level Agreement: Detailed performance metrics and standards
4. Key Personnel: List of key contacts and responsibilities
Authors
Affiliate
Background IPR
Business Day
Confidential Information
Commencement Date
Deliverables
Effective Date
Force Majeure Event
Goods
Initial Term
Intellectual Property Rights
Key Performance Indicators
Minimum Purchase Commitment
Order
Preferred Vendor Status
Price List
Purchase Order
Quality Standards
Representatives
Renewal Term
Services
Service Levels
Specifications
Term
Territory
Third Party
Working Hours
Appointment and Scope
Term and Renewal
Preferred Vendor Status
Ordering Process
Pricing and Payment
Delivery
Quality Standards
Service Levels
Performance Monitoring
Volume Commitments
Warranties
Compliance
Intellectual Property
Confidentiality
Data Protection
Insurance
Liability
Force Majeure
Termination
Exit Management
Anti-Bribery
Modern Slavery
Health and Safety
Environment and Sustainability
Change Control
Dispute Resolution
Assignment and Subcontracting
Notices
Entire Agreement
Severability
Variation
Waiver
Third Party Rights
Governing Law and Jurisdiction
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