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 Arizona, a vendor agreement is a legally binding contract between a seller (vendor) and a business for the provision of goods or services. Arizona law, like the law in other states, requires that certain contracts, including those for the sale of goods over a certain value, be in writing to be enforceable under the statute of frauds (A.R.S. § 44-101). A comprehensive vendor agreement in Arizona should clearly outline the scope of products or services being provided, the agreed-upon price, and payment terms. It should also specify the delivery timeline, termination conditions, confidentiality clauses, any disclaimers of warranties, indemnification provisions, and the methods for dispute resolution. These terms help to ensure that both parties have a clear understanding of their rights and obligations, and provide a framework for legal recourse should disputes arise. The agreement should be crafted to comply with relevant state statutes, federal laws, and commercial codes, such as the Uniform Commercial Code (UCC) as adopted in Arizona, which governs transactions involving the sale of goods.