When negotiating a commercial agreement with a supplier, their contract must include key terms and conditions. This helps you ensure that:
  1. the supplier's service or product will meet your needs;
  2. should an issue arise, you have clear rights and consequences for the supplier; and
  3. the risk of supplier underperformance is reduced.
LegalVision has developed a free Commercial Contracts Checklist to help you to determine if a supplier's contract will meet your business' needs.
It includes:

Part I - Commercial Considerations:
  1. Goods and/or Services
  2. Price
  3. Service
  4. Levels
  5. Milestones
  6. Warranty
  7. Term and Termination.
Part II - Legal Considerations:
  1. Indemnities
  2. Modern Slavery
  3. Data and Privacy
  4. Intellectual Property
  5. Liability.
If you need help with commercial contracts, our experienced commercial contracts lawyers can assist as part of our LegalVision membership. For a low monthly fee, you will have unlimited access to lawyers to answer your questions and draft and review your documents. Call us today on 0800 005 570 or visit our membership page.

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