Vendor Agreements - understanding the process and area

 

Overview

Welcome to the Skyscanner Legal Self-Serve Guide on Vendor Agreements! This concise guide will help you handle general legal questions and best practices related to vendor agreements.

Understanding Vendor Agreements

Vendor agreements are contracts between Skyscanner and external vendors that supply goods or services. Ensuring these agreements are clear and legally sound is crucial for mitigating risks and maintaining smooth operations.

Key Elements of Vendor Agreements

1. Scope of Services: Clearly define the services or products the vendor will provide.
2. Payment Terms: Specify payment amounts, schedules, and any conditions for payment.
3. Confidentiality: Include clauses to protect Skyscanner's sensitive information.
4. Termination Clauses: Outline conditions under which the agreement can be terminated.
5. Compliance: Ensure the vendor agrees to comply with all relevant laws and regulations.

Best Practices for Handling Vendor Agreements

• Use Standard Templates: Utilize Skyscanner’s approved vendor agreement templates whenever possible.
• Clear Communication: Ensure all terms are mutually understood and agreed upon before finalizing the agreement.
• Documentation: Keep thorough records of all communications and signed agreements.
• Review and Approval: Have the Legal team review any modifications to standard templates or new agreements.

When to Contact the Legal Team

Reach out to the Legal team if:

• The vendor requests significant changes to our standard agreement.
• You encounter complex terms that need expert interpretation.
• There is a dispute or potential breach of contract.
• You are uncertain about any legal implications related to the agreement.

Resources and Contacts

• Legal Team Email: [e-mail]
• Vendor Agreement Templates: [Internal Link to Templates]
• Contract Review Request: [Internal Link to Request Form]

For additional support or queries, please get in touch with the Legal team. We are here to assist you!

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