Vendor Contract Template
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VENDOR CONTRACT
VENDOR CONTRACT
THIS VENDOR CONTRACT is entered into on [Date] by and between:
1. THE BUYER
[Buyer Name]
2. THE VENDOR
[Vendor Name]
Reg No: [Reg]
Address: [Address]
1. SUPPLY OF GOODS/SERVICES
1.1 The Vendor agrees to supply the following goods/services to the Buyer: [Goods/Services].
1.2 All goods shall meet the quality standard of [Quality Standard].
1.3 Delivery shall be in accordance with [Delivery Terms].
2. TERM
2.1 This Contract shall commence on [Start Date] and continue until [End Date].
2.2 Either party may terminate by giving [Notice Period] days' written notice.
3. PRICING AND PAYMENT
3.1 The estimated annual contract value is [Value].
3.2 Payment shall be made within [Payment Terms] of receipt of a valid invoice.
3.3 Prices shall remain firm for the first 12 months, thereafter may be adjusted annually by not more than CPI + 5%.
4. GENERAL
4.1 This Contract constitutes the entire agreement between the parties.
4.2 This Contract shall be governed by the laws of the Republic of South Africa.
SIGNATURE PAGE
SIGNED at ________________ on this ____ day of ________________ 20____.
BUYER:
__________________________
[Buyer Name]
VENDOR:
__________________________
[Vendor Name]
WITNESSES:
1. __________________________
2. __________________________
SIGNATURES
Signature
Signature Date
Signature
Signature Date