1. Parties: Identification of the contracting parties, including their full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement, including the vendor's expertise and the parties' intention to enter into a preferred vendor relationship
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules for interpreting the agreement
4. Appointment and Scope: Formal appointment of the vendor as preferred supplier and detailed scope of products/services covered
5. Term and Renewal: Duration of the agreement, including initial term and renewal provisions
6. Preferred Vendor Status: Nature and extent of preferential status, including any minimum purchase commitments or first right of refusal
7. Ordering Process: Procedures for placing and accepting orders under the agreement
8. Pricing and Payment Terms: Pricing structure, payment terms, invoicing requirements, and price adjustment mechanisms
9. Service Levels and Performance Standards: Required performance standards, quality metrics, and service level requirements
10. Warranties and Representations: Standard and specific warranties regarding products/services, capacity to contract, and regulatory compliance
11. Compliance and Regulatory Requirements: Obligations regarding legal compliance, including B-BBEE requirements and industry-specific regulations
12. Intellectual Property Rights: Protection and licensing of intellectual property rights
13. Confidentiality: Protection of confidential information and trade secrets
14. Limitation of Liability: Limitations and exclusions of liability between the parties
15. Termination: Grounds for termination, termination process, and consequences of termination
16. General Provisions: Standard boilerplate clauses including notices, assignment, variation, and governing law
