vendor agreement
[ˈvendər əˈɡriːmənt]
nounpl: vendor agreements
contrato de fornecedor
1. A legally binding contract between a company and a vendor that outlines the terms and conditions of their business relationship, including services, pricing, payment terms, and responsibilities
The vendor agreement specifies that delivery must occur within 30 days of order placement.
O contrato de fornecedor especifica que a entrega deve ocorrer dentro de 30 dias após a colocação do pedido.
2. A formal document that establishes the framework for how a vendor will supply goods or services to a buyer
Before signing the vendor agreement, both parties reviewed the liability and warranty clauses.
Antes de assinar o contrato de fornecedor, ambas as partes analisaram as cláusulas de responsabilidade e garantia.
In both Brazilian and American business contexts, vendor agreements are critical documents in corporate procurement. Brazilian companies, especially in São Paulo's financial sector, tend to be rigorous in vendor agreement enforcement. In the USA, vendor agreements are standard practice across all industries and are often part of larger vendor management systems. The formality and complexity of vendor agreements vary significantly based on company size and industry sector.
Related Idioms & Phrases
sign a vendor agreement
breach a vendor agreement
renegotiate vendor agreement terms
vendor agreement compliance
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