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This Preferred Vendor Agreement is designed for use in the Danish market when a company wishes to establish a long-term, preferential relationship with a key supplier. The agreement provides a comprehensive framework for managing the supply relationship, including preferential pricing, dedicated support, and priority service levels. It is particularly useful when a company wants to consolidate its supplier base, secure favorable terms, or establish a strategic partnership with a critical vendor. The document incorporates requirements under Danish commercial law and EU regulations, making it suitable for both domestic and international vendor relationships. The agreement typically includes detailed provisions for ordering processes, quality standards, performance metrics, and risk management, while maintaining flexibility for specific commercial terms through schedules and appendices.

1. Parties: Identification and details of the contracting parties - the vendor and the customer

2. Background: Context of the agreement and the relationship between the parties

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment and Scope: Establishes the vendor's appointment as preferred supplier and the scope of products/services covered

5. Term: Duration of the agreement, including commencement date and any renewal provisions

6. Ordering Process: Procedures for placing and accepting orders under the agreement

7. Pricing and Payment: Pricing structure, payment terms, invoicing requirements, and any volume discounts

8. Delivery and Performance: Requirements for delivery of goods or performance of services

9. Quality Standards: Required quality standards, specifications, and compliance requirements

10. Warranties: Warranties provided by the vendor regarding products/services

11. Service Levels: Expected performance levels and measurement criteria

12. Intellectual Property: Ownership and usage rights of intellectual property

13. Confidentiality: Protection and handling of confidential information

14. Data Protection: GDPR compliance and data handling requirements

15. Liability and Indemnification: Limitation of liability and indemnification obligations

16. Termination: Grounds for termination and termination procedures

17. Post-Termination: Obligations and rights of parties after termination

18. General Provisions: Standard legal provisions including governing law, notices, and assignment