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Vendor Agreement
I need a vendor agreement for a supplier providing office supplies on a monthly basis, with a focus on sustainable and eco-friendly products. The agreement should include terms for a 30-day payment period, a clause for quality assurance, and a provision for terminating the contract with a 60-day notice.
What is a Vendor Agreement?
A Vendor Agreement sets clear rules between a business and its suppliers in Austria, spelling out what each side will do, how much things cost, and when payments happen. It covers everything from delivery schedules to quality standards, following Austrian commercial code (Unternehmensgesetzbuch) requirements.
Beyond basic terms, these agreements protect both parties by detailing warranty conditions, confidentiality rules, and what happens if something goes wrong. Austrian businesses commonly use them to manage supply chain relationships and ensure compliance with EU trade regulations, while keeping everyone's responsibilities crystal clear.
When should you use a Vendor Agreement?
Use a Vendor Agreement before starting any significant supply relationship in Austria, especially when ordering regular deliveries, specialized equipment, or critical business materials. The agreement becomes essential when dealing with high-value purchases, complex delivery schedules, or suppliers who will access sensitive company information.
Austrian businesses need these agreements most when working with new suppliers, changing existing supply terms, or expanding into regulated industries. They're particularly important for companies handling food products, medical supplies, or IT services where Austrian and EU regulations demand clear documentation of supplier responsibilities and quality standards.
What are the different types of Vendor Agreement?
- Vendor Contract Agreement: Basic framework for standard supplier relationships, covering essential terms and conditions under Austrian law
- Vendor Managed Inventory Agreement: Specialized version where suppliers handle stock management and replenishment
- Retail Vendor Contract: Tailored for retail operations with specific merchandising and display requirements
- Vendor Service Level Agreement: Focuses on performance metrics and service standards, common in tech and professional services
Who should typically use a Vendor Agreement?
- Purchasing Managers: Lead negotiations and oversee vendor relationships, ensuring terms align with company needs and Austrian procurement laws
- Legal Counsel: Review and modify agreement terms, ensuring compliance with Austrian commercial code and EU regulations
- Suppliers/Vendors: Provide goods or services, must adhere to delivery schedules and quality standards outlined in the agreement
- Finance Directors: Approve payment terms and monitor financial obligations
- Quality Control Teams: Monitor vendor performance and compliance with agreed standards
- Company Directors: Sign and authorize agreements, bearing ultimate responsibility under Austrian corporate law
How do you write a Vendor Agreement?
- Vendor Details: Gather complete business information, VAT numbers, and Austrian trade registration details
- Service Scope: Define exact deliverables, quantities, quality standards, and delivery schedules
- Payment Terms: Outline prices, payment schedules, and currency details following Austrian banking regulations
- Performance Metrics: Set clear, measurable quality standards and delivery expectations
- Legal Requirements: Check Austrian commercial code compliance and EU trade regulations
- Review Process: Use our platform to generate a customized agreement that includes all mandatory elements under Austrian law
- Signatures: Identify authorized signatories from both parties with proper documentation
What should be included in a Vendor Agreement?
- Party Details: Full legal names, addresses, and registration numbers under Austrian law
- Service Description: Clear definition of goods or services, including specifications and quantities
- Payment Terms: Pricing, payment schedule, and invoicing requirements per Austrian commercial code
- Duration: Contract period, renewal terms, and termination conditions
- Confidentiality: Data protection measures compliant with GDPR and Austrian privacy laws
- Liability: Risk allocation and limitation clauses following Austrian civil code requirements
- Dispute Resolution: Jurisdiction choice and arbitration options under Austrian law
- Force Majeure: Circumstances excusing performance under Austrian contract principles
What's the difference between a Vendor Agreement and a Consultancy Agreement?
While both serve business relationships, a Vendor Agreement differs significantly from a Consultancy Agreement in several key aspects under Austrian law. The main distinction lies in their purpose and scope: Vendor Agreements focus on regular supply of goods or services, while Consultancy Agreements cover professional advice and expertise.
- Duration and Deliverables: Vendor Agreements typically involve ongoing, regular deliveries with specific quantities and schedules; Consultancy Agreements often cover project-based work with knowledge-based deliverables
- Payment Structure: Vendor Agreements usually have fixed pricing per unit or service; Consultancy Agreements often use hourly rates or project-based fees
- Quality Metrics: Vendor Agreements focus on product specifications and delivery times; Consultancy Agreements emphasize expertise, recommendations, and professional standards
- Liability Scope: Vendor Agreements include product warranties and supply chain responsibilities; Consultancy Agreements focus on professional liability and advice-related obligations
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