What should I include in a vendor contract?
An example of an AI chatbot conversation about vendor contracts and their essential components.
What should I include in a vendor contract?
A vendor contract should include the scope of work, payment terms, delivery schedules, and termination clauses.
How do I ensure compliance with the contract?
You can ensure compliance by setting clear expectations, regular check-ins, and including penalties for non-compliance.
What are common pitfalls to avoid in vendor contracts?
Common pitfalls include vague terms, lack of performance metrics, and not addressing dispute resolution.
Can I modify a vendor contract after it's signed?
Yes, you can modify a vendor contract, but both parties must agree to the changes and document them in writing.
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