Vendor Management: Legal Tips

Dec 2, 2022, 8:21 AM

(from Venable) When contracting with vendors that support independent schools, consider the following provisions of any vendor agreement:

  • Parties to the Agreement
  • Relationship of the Parties
  • Term
  • Termination
  • Payment Terms
  • Description of the Parties' Responsibilities
  • Compliance with the School's Policies and Procedures
  • Background Checks for Vendor's Employees
  • Indemnification and Release of Liability
  • Force Majeure
  • Governing Laws

More detail from Venable