Either party may terminate this Supplier Agreement by written notice to the counterparty within ten days from the desired date of termination. This Supplier Agreement and all Appendices are considered the entire Agreement and constitute the termination of any prior agreement, including written or oral agreements. The seller is considered an independent contractor. This supplier agreement does not create an employer-employee relationship between the customer and the seller and such an agreement is never concluded. The seller undertakes to take out the necessary insurance during the term of the contract and to provide the customer, on request, with proof of this insurance. PandaTipp: Use the text field in the template above to list any goods or services that the supplier makes available to your business. PandaTip: The part of the entire supply contract of this proposal offers both parties an area in which all the conditions relating to the services provided by the provider are recognised. In the event that the Seller does not maintain or demonstrate any assurance, the Customer considers these acts as a violation of this Supplier Agreement and as a ground for termination. This agreement between [Client.Name] (customer) and [Vendor.Name] (seller) begins with [Contract.CreatedDate] is deemed to be agreed upon and valid after signature by both parties.
After the termination of the supplier contract, all outstanding debts are due to the seller within 30 days from the date of termination. Seller agrees to comply with all laws and legal requirements of the State [Commission.State]. Any notification relating to this supplier contract must be made in writing and communicated either in person or by registered letter. PandaTip: The Payment Terms section of this template describes the methods used by the seller to invoice the customer and the terms under which your company agrees to pay invoices related to this vendor agreement. PandaTip: A indemnification clause is essential for any supplier agreement. This Seller Agreement is governed by the laws of [Commission.State]. Therefore, all judicial proceedings are conducted in the aforementioned state. In the event that either party becomes aware of a situation that may delay any part of this Supplier Agreement, they shall have five days to notify the other party in writing of any relevant information. .