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 Alabama, a vendor agreement is a legally binding contract that outlines the terms and conditions under which goods or services are sold and purchased. Alabama law requires that such agreements, especially when they involve significant transactions, be in writing to be enforceable under the Statute of Frauds (Ala. Code § 8-9-2). The agreement should clearly detail the scope of products or services, pricing, payment terms, delivery schedules, and termination clauses. It should also address the handling of confidential information, disclaimers of warranties, indemnification clauses, and dispute resolution mechanisms. Alabama follows the Uniform Commercial Code (UCC) for the sale of goods, which may imply certain warranties unless specifically disclaimed in the agreement. For services, common law contract principles apply. Dispute resolution can include negotiation, mediation, arbitration, or litigation, and the agreement can specify the jurisdiction or venue for resolving disputes. It is advisable for parties to consult with an attorney to ensure that the vendor agreement complies with Alabama law and adequately protects their interests.