This Vendor Agreement (“Agreement”) is made and entered into as of [Date], by Tesla Company and between:
Company Name: Tesla Pi Phone
Address: 1 Tesla Rd, Austin, TX 78725, USA
(Hereinafter referred to as "Tesla Company”)
AND
Vendor Name: [Vendor’s Company Name]
Address: [Vendor Address]
(Hereinafter referred to as “Vendor”)
1. Purpose
This Agreement outlines the terms under which the Company shall supply [products/services] to the Vendor
2. Scope of Services / Products
Tesla Company agrees to supply the following goods/services:
[List of goods/services, including specifications, delivery requirements, quality standards, etc.]
3. Term
This Agreement shall commence on [Start Date] and continue until [End Date] or until terminated by either party with [30] days’ written notice
Payment Terms
The Vendor will pay the company 50% of the to total money [unit/service] and complete his or her payment upon delivery and acceptance.
Payment shall be made within 24hrs of receiving the invoice.
Invoices should be sent to: [Invoice Email/Address].
5. Delivery & Title
Company shall deliver the goods/services by [Delivery Date] to [Delivery Location].
Title and risk of loss shall pass to the Company upon [delivery/acceptance].
6. Warranties
Company warrants that all products/services provided are of merchantable quality, free from defects, and comply with applicable standards and specifications.
7. Confidentiality
Each party agrees to keep confidential any proprietary information disclosed during the term of this Agreement and not disclose it to third parties without prior written consent.
8. Indemnification
Vendor shall indemnify and hold harmless the Company from any claims, damages, or losses arising from Vendor’s performance under this Agreement.
Termination
This Agreement may be terminated by either party:
With [30] days written notice; or
Immediately upon breach of any material term of this Agreement.
Governing Law
This Agreement shall be governed by and construed in accordance with the laws of United States.
Entire Agreement
This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements.