Third Party Agreements & Contracts

Businesses and not-for-profits frequently deal with third party vendors to supply goods and services that are not part of their “core business.” After negotiating a deal for those goods or services, organizations are faced with putting those terms in writing in a document known as a vendor agreement.

As the purchaser, your vendor contract sets the conditions by which the vendor operates and includes details such as payment terms. But perhaps most importantly, your third party vendor agreement also needs to include conditions on what course of action can be taken if neither the vendor or the purchaser honors their side of the agreement.

Vendor contracts that have missing key language or unfamiliar terms could result in unwanted consequences. At Halpern & Scrom, our lawyers have experience drafting or reviewing such contracts to ensure the agreed upon terms are accurately reflected. Contact us today – we can create effective and legally binding vendor agreements that will protect your organization from potential liabilities.

Send us a message

You can contact us via email or telephone, or by using the form below.
  • This field is for validation purposes and should be left unchanged.

Related H & S Articles

Vendor and Services Contracts

When clients receive goods and/or services from a vendor or provide goods and/or professional services to its customers/clients, it is essential...

Internship Guidelines Updated

In January 2018, the United States Department of Labor ("USDOL") relaxed the standard governing unpaid internships and published updated guidelines...

Caregiving Issues for Employees

Many employers throughout the country are witnessing an increase in time off requests by employees who need to care for their elderly parents....

Bring Your Own Device to the Workplace

The bring your own device (“BYOD”) trend has been advanced by millennials in the workplace. BYOD policies allow employees to use their personal...

Antitrust Rules Apply to Hiring Practices

The Department of Justice Antitrust Division (DOJ) and the Federal Trade Commission (FTC) recently issued antitrust guidance aimed at employers and...

Send us a message

You can contact us via email or telephone, or by using the form below.
  • This field is for validation purposes and should be left unchanged.