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Supplier Agreement (Services)

A contract between a business and a supplier for the delivery of the agreed services.

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Supplier Agreement (Services) – Establish Clear Terms for Service Delivery

A Supplier Agreement (Services) ensures both parties understand their obligations and rights when one business provides services to another. It covers essential details like service scope, payment terms, and how to handle disputes.

A Supplier Agreement (Services) made in Bind typically includes:

Services Provided

Clearly outlines the scope of work, frequency, and deliverables. This section may cover how materials, tools, or additional resources will be supplied and who is responsible for them.

Commencement, Term, and Termination

Specifies when the agreement starts, how long it remains in effect, and the procedures for renewal or early termination. This includes notice periods and consequences of breaches or insolvency.

Payment Terms

Defines the cost of the services, invoice scheduling, payment methods, and consequences of late payments (e.g., interest rates). Clarity in billing and due dates ensures smoother financial transactions.

Supplier Obligations

Outlines the Supplier’s responsibility to perform services with reasonable care, comply with regulations, and ensure that qualified personnel carry out the work.

Liability and Indemnity

Limits the Supplier’s liability and clarifies who is responsible if issues arise. It typically covers exclusions for indirect damages and sets a cap on the Supplier’s maximum liability.

Governing Law

Specifies that the agreement is governed by the laws of England and Wales, providing a clear legal framework in case of disputes.

Bind streamlines drafting, negotiating, and signing your Supplier Agreement for Services, ensuring clarity and legal enforceability for both parties.

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