Document background
The Master Vendor Agreement serves as the primary contractual framework for organizations seeking to establish a long-term, structured relationship with their key suppliers under Irish law. This document is particularly useful when a company anticipates multiple transactions or ongoing services from the same vendor, as it eliminates the need to negotiate terms for each individual order. The agreement typically includes comprehensive provisions for service delivery, performance standards, risk allocation, and compliance with Irish regulatory requirements, including data protection and competition laws. It's designed to be supplemented by specific order forms or statements of work while maintaining consistent overarching terms. The Master Vendor Agreement is especially valuable for organizations managing complex supplier relationships or requiring standardized terms across multiple business units or group companies.
