Vendor Service Agreement
This Vendor Service Agreement is entered into on [Date] by and between: Client having its principal place of business at [Client Address], hereinafter referred to as "Client." Vendor having its principal place of business at [Vendor Address], hereinafter referred to as "Vendor." Both parties agree to the following terms and conditions:
Scope of Services
The Vendor agrees to provide the following services (the "Services") to the Client: [Detailed description of services to be provided, including specifications, quantity, quality standards, and deliverables]. The Client reserves the right to request additional services, which may be subject to separate negotiation and agreement.
Term of the Agreement
This Agreement shall commence on [Start Date] and remain in effect until [End Date] or until terminated as outlined in Section 8. Any extension of the Agreement must be mutually agreed upon in writing.
Payment Terms
Service Fees: The Client agrees to pay the Vendor a total of [Amount in Words and Numbers] for the Services. Payment Schedule: Payment shall be made as follows: [Percentage/Amount] upon signing this Agreement. [Percentage/Amount] upon completion of the Services. Payment Method: Payments will be made via [Payment Method, e.g., bank transfer, check]. Late payments will incur an interest charge of [Percentage] per month or as permitted by law.
Performance Standards
The Vendor guarantees that the Services will be performed: In a professional, timely, and competent manner. In compliance with applicable laws and industry standards.
Confidentiality
Both parties agree to maintain the confidentiality of all non-public, proprietary, or sensitive information exchanged under this Agreement. Confidential information shall not be disclosed to any third party without prior written consent, except as required by law.