VENDOR Exit Strategy Sample Clauses

The Vendor Exit Strategy clause outlines the procedures and conditions under which a vendor may disengage from an ongoing contractual relationship. Typically, this clause details the required notice period, the steps for transitioning services or deliverables, and the responsibilities for returning confidential information or company property. Its core function is to ensure a smooth and orderly transition when a vendor relationship ends, minimizing disruption and protecting the interests of both parties.