Document background
The Vendor Master Agreement serves as the primary contractual framework for establishing and managing long-term vendor relationships under Swiss law. This document is typically used when a company anticipates regular or multiple transactions with a vendor and wants to establish standardized terms that will govern all future dealings. The agreement sets out comprehensive terms covering ordering procedures, performance standards, risk allocation, and compliance requirements, while allowing flexibility for specific transactions through purchase orders or statements of work. It includes provisions addressing Swiss regulatory requirements, including data protection and commercial laws, and can be adapted for both domestic and international vendor relationships. The document is designed to reduce transaction costs and negotiation time for future dealings while ensuring consistent terms across the vendor relationship.
