A vendor agreement is a business contract in which a seller of goods or services agrees to sell specific goods or services to a business, and the business agrees to buy the specific goods or services. A vendor agreement should be in writing and include specific terms such as (1) a description of the products or services (the scope); (2) the price of the products or services; (3) payment terms; (4) the time period during which the products or services will be delivered; (5) the circumstances under which the parties may terminate the agreement; (6) designation of confidential information and the agreement to keep it confidential; (7) disclaimers of warranties; (8) indemnifications; and (9) the place and manner of resolving disputes related to the agreement.

In Alaska, as in other states, a vendor agreement is a legally binding contract between a seller (vendor) and a business that outlines the terms and conditions for the sale of goods or services. It is advisable for such agreements to be in writing to ensure clarity and enforceability. The agreement should include a clear description of the products or services being provided, the price, payment terms, and the delivery timeline. It should also specify the conditions under which either party can terminate the contract, how confidential information is to be handled, any disclaimers of warranties, and indemnification clauses. Additionally, the agreement should outline how disputes will be resolved, including the choice of law and venue for any legal actions. While Alaska does not have specific statutes that govern the content of vendor agreements, these contracts are subject to general contract law principles, which require that the agreements be entered into by parties who have the capacity to contract, for a lawful purpose, and with mutual consent. It is important for businesses to ensure that their vendor agreements comply with applicable state and federal laws, including consumer protection and antitrust regulations.