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Preferred Vendor Agreement
"Need a Preferred Vendor Agreement for a Singapore-based technology supplier who will provide software development services to our company, with quarterly volume commitments and performance metrics, starting from March 2025."
1. Parties: Identification of contracting parties and their details
2. Background: Context and purpose of the preferred vendor arrangement
3. Definitions: Key terms used throughout the agreement
4. Scope of Services/Products: Detailed description of products/services to be provided
5. Pricing and Payment Terms: Pricing structure, payment schedule, and related terms
6. Term and Termination: Duration of agreement and termination conditions
7. Performance Standards: Expected quality levels and performance metrics
8. Warranties and Representations: Standard warranties and representations from both parties
9. Confidentiality: Protection of confidential information and trade secrets
10. Liability and Indemnification: Allocation of risks and responsibilities between parties
1. Exclusivity Provisions: Terms of exclusive arrangements, used when parties agree to exclusive supply arrangements
2. Volume Commitments: Minimum purchase obligations, included when specific volume commitments are agreed
3. Technology Integration: Technical requirements for system integration, used when electronic ordering or integration is required
4. Force Majeure: Provisions for unforeseen circumstances beyond parties' control
5. Insurance Requirements: Specific insurance coverage requirements for the vendor
1. Product/Service Schedule: Detailed list of products/services covered under the agreement
2. Pricing Schedule: Detailed pricing structure and volume discounts
3. Service Level Agreement: Specific performance metrics and standards
4. Quality Assurance Requirements: Detailed quality standards and testing procedures
5. Key Personnel: List of key contacts and responsible personnel from both parties
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