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Vendor Agreement
Vendor Agreement
in
VENDER AGREEMENT
BY AND BETWEEN
AND
WHEREAS the client and the Vendor are collectively referred to as “the Parties” and
individually as “the Party”
WHEREAS the Client has agreed to avail the services offered by the Vendor inter alia
for _____________________________________________ services.
NOW THEREFORE, for and in consideration of the mutual covenants and agreements
provided below, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree to following
terms and conditions set out as on ___ day of ________, 2020 at ______________:
1.1 Vendor hereby agrees to provide to the Client and the Client hereby
agrees to avail _________________ services from Vendor.
a. It shall observe the best service quality standards and ensure that
Vendor renders its obligations to the satisfaction of the Client.
c. It shall discuss and review its progress, on a regular basis as and when
required by the Client.
2.2 The Client at its sole discretion reserves the right to extend the period of
this Agreement for a further period by serving a letter in writing on the
Vendor on the same terms and conditions of this Agreement.
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2.3 In case the services under this Agreement is continued for a further
period without execution of another agreement, then such period of
extension will be governed by the same terms and conditions of this
Agreement, until a new agreement is executed in writing by the parties.
2.4 Either party can terminate this Agreement by giving 30 days written notice
to the other party.
3. CONSIDERATION:
3.1 In consideration of Vendor rendering the Services to the Client, the Client
shall pay to Vendor charges as mentioned against each service more
particularly described in ‘In Quotation for Courier Services dated
__/__/____ hereto marked as Annexure – A’. Vendor shall not
claim any other charges in view of change of circumstances / laws etc.
3.2 It is hereby clarified that the Client only obligation is to pay the aforesaid
charges to Vendor’s duly authorized agents, employees, representatives.
(All such authorized agents, employees, representatives of the Vendor are
hereinafter collectively referred to as “Company Staff”).
3.3 Any payment of the charges made to and received by such Authorized
Agent or the Company Staff shall be considered as a full discharge of the
Client’s obligations for payment of charges hereunder.
3.4 Payment within 15 Days from submission of the Bills. Submission of bills
will be on monthly basis and the same have to be sent on __ of every
month. Payment period under any given circumstances would not exceed
thirty (30) days of raising the invoice.
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3.5 While making the payment of the bills of the Vendor, the Client is obliged
or required to deduct under various Indian laws such as deduction of
Tax at source under Income Tax Act, etc.
5.1 Vendor shall confirm that it holds all valid licenses, registration and
permissions that are required under the applicable laws for carrying out
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this activity.
5.2 Vendor should comply with applicable Union, State and local laws,
ordinance, regulations in performing its obligations including procurement
of licenses, permissions, certificates, etc., payment of taxes, if required.
5.3 Client will be able to track their shipment order given to the Vendor herein
through ____________________.
5.4 The duties of Parties under this Agreement shall commence with effect
from __ day of __, 2019 hereof and shall remain in force for a period of
one year i.e. up to __ day of ____, 2020, after which the terms and
conditions set out herein above shall expire and the parties will be at
liberty to execute fresh terms and conditions thereafter.
6. INDEPENDENT VENDOR:
6.1 This agreement is on a principal-to-principal basis and does not create any
employer-employee relationship.
this Agreement.
d. The cost of arbitration proceedings shall be equally borne by both the parties.
10. Entire Agreement: This Agreement constitutes the entire agreement between
the Parties relating to the subject matter and supersedes all prior or
contemporaneous oral or written agreements concerning such subject matter.
The terms of this Agreement will govern all services undertaken by the Vendor
for the Client.
11. Force Majeure: If either of the Parties suffer delay in due execution of their
contractual obligations due to the operation of one or more of the force majeure
events such as but not limited to, acts of God, war, flood, earthquakes, strikes,
lockouts, fire, epidemics, riot, civil commotions etc. the agreed services and that
of respective obligations shall be extended by a period of the time equal to the
period of the delay occasioned by such events. On the occurrence and cessation
of any such events, the Party affected thereby shall give notice in writing to the
other Party. Such notices are to be given within fifteen (15) days of occurrence
or cessation of the event concerned. If the force majeure conditions continue
beyond thirty (30) days the Parties shall mutually decide about the future course
of action.
12. Indemnification: The Vendor shall not assign, transfer, pledge or make other
disposition of this Agreement or any part thereof, or any of the Vendor’s rights,
claims or obligations under this Agreement except with the prior written consent
of the Client.The Vendor shall at all times indemnify the Client, its shareholders,
directors, or agents in respect of any loss, damage, cost or expense suffered or
incurred by the Client as a result of usage of services.
IN WITNESS WHEREOF the parties hereto have set their respective hands, Seal on the
day, month and year first hereinabove written.
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Mr. ________________________
2)
______________________
______________________
2)