NON DISCLOSURE AGREEMENT (NDA)
WHAT IS A NDA?
A Non-Disclosure Agreement, is an agreement wherein the parties comply with sharing the confidential information/data which is mentioned under the ‘Confidentiality Clause’ of the Non-Disclosure Agreement. The parties to the Non-Disclosure Agreement also agree
to not disclose such information to the third party.
ALL SERVICES
NON DISCLOSURE AGREEMENT (NDA)
WHAT IS A NDA?
A Non-Disclosure Agreement, is an agreement wherein the parties comply with sharing the confidential information/data which is mentioned under the ‘Confidentiality Clause’ of the Non-Disclosure Agreement. The parties to the Non-Disclosure Agreement also agree
to not disclose such information to the third party.
NON DISCLOSURE AGREEMENT (NDA)
WHAT IS A NDA?
A Non-Disclosure Agreement, is an agreement wherein the parties comply with sharing the confidential information/data which is mentioned under the ‘Confidentiality Clause’ of the Non-Disclosure Agreement. The parties to the Non-Disclosure Agreement also agree
to not disclose such information to the third party.
NON DISCLOSURE AGREEMENT (NDA)
COPYRIGHT
COPYRIGHT
COPYRIGHT
WHAT IS A NDA?
A Non-Disclosure Agreement, is an agreement wherein the parties comply with sharing the confidential information/data which is mentioned under the ‘Confidentiality Clause’ of the Non-Disclosure Agreement. The parties to the Non-Disclosure Agreement also agree
to not disclose such information to the third party.
VENDOR AGREEMENT
WHAT IS VENDOR AGREEMENT?
Vendor Agreement is a legal document which stipulates the provisions regarding the work performed by the seller. It is a contract which specifies the conditions regarding the performance of certain work.
Vendor Agreement are often made for several purposes like office supplies, consultant, technology, services. While negotiating a clear vendor agreement one clearly puts the goals, strategies for cost
minimization risk factor.
OUR SERVICES :
Our experienced professionals will draft whichever document you need, tailored to your business requirements. We offer every client a free consultation call to
thoroughly discuss their requirements and clarify any doubts they may have after which a customized document is drafted, according to every client’s specific needs.
Let us draft Vendor Agreement for you, personalized and customized according to your specific needs.
IMPORTANT CLAUSES/COMMON FACTORS
IN VENDORS AGREEMENT
A Clear picture
There should be a proper description given regarding the product or service which one
is required & how much it is required.
Period of functionality
There should be a mention of the term of operation let us say for how much period the agreement is binding on parties. The period should be fixed at the beginning of time until
the completion of the service.
Confidentiality
If you are providing confidential information to
the vendor then the clause of confidentiality
plays a very pivotal role. As it protects the data from leakage.
Intellectual Property
When vendors are providing service or product to owners. While dealing in the business it should be only provided to owners. There shouldn't be any other owner to avoid the risk one should get the grant of intellectual property license.
Indemnity
Indemnification means when one party shows an interest to bear the losses of other parties under
ambiguous circumstances.
Relation with parties:
Payment terms
There should be proper costing regarding payment how much payment is due, mode of payment, late payment, terms of payment, penalties for late payment.
Representations & Warranties
Representations & warranties are important which should be stated within the Agreement. As the
vendors should be comfortable with warranties & representations before getting into a contract.
To make a Vendors Agreement both parties should draft the agreement & put all the required clauses.
Exclusivity
All the vendors should have an exclusive relationship with the business owner because the product is exclusive & important to the business.
Limited Liability
In the case of vendors, the liability is restricted to
the price of services as this is often not such a good
provision in case of agreement. From the perspective
of business, if something goes wrong then one should ask for the damages more than the cost of services.
Insurance
Having an insurance is a common practice to ensure safety.
An Agreement should clearly specify the connection between parties. The vendor should be treated as an independent contractor. No other person can act on his behalf other than himself.
REQUIREMENTS
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Date & details of the parties like names, addresses
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Clarification of vending license to see whether the organization is permitted to deal with the product
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Draft a quick statement of expectations of the seller
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Imposition of tax on product & services
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Mention the delivery details
