Common Contracts
1 similar Outline Agreement contracts
Sap outline agreement for servicesOutline Agreement • April 16th, 2023
Vendor selection is an important process in the procurement cycle. gita book in bengali pdf download Vendors can be selected by quotation process. After having shortlisted a vendor, an organization enters into an agreement with that particular vendor to supply certain items with certain conditions. Typically when an agreement is reached, a formal contract is signed with the vendor. So, an outline agreement is a long-term purchasing agreement with a vendor. − The key points to note about an outline agreement are as follows An outline agreement is a long-term purchasing agreement with a vendor containing terms and conditions regarding the material that is to be supplied by the vendor. The terms of an outline agreement are valid up to a certain period of time and cover a certain predefined quantity or value. An outline agreement can be of the following two types − Contract Scheduling Agreement Contract A contract is a long-term outline agreement between a vendor and an ordering party over
