oboloo Glossary

Suppliers Agreement

oboloo Glossary

Suppliers Agreement

A Suppliers Agreement is a legally binding contract between a Supplier and the entity they are providing goods or services to. This document outlines the scope of work, payment details, rights, obligations, and responsibilities of both parties involved in the transaction. It can also include provisions concerning product quality, timelines for delivery, and dispute resolution procedures. By signing a Suppliers Agreement, both parties agree to abide by all stipulations laid out within it and understand their roles within the larger business arrangement.