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 Nebraska, 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. Nebraska law does not prescribe a specific format for vendor agreements, but it does require that contracts be made in good faith and that they comply with applicable laws, such as the Uniform Commercial Code (UCC) as adopted in Nebraska for the sale of goods. A well-drafted vendor agreement in Nebraska should be in writing and include clear terms regarding the scope of products or services, pricing, payment terms, delivery schedules, termination conditions, confidentiality obligations, warranty disclaimers, indemnification clauses, and dispute resolution mechanisms. These elements help ensure that the expectations of both parties are clearly set out and legally enforceable. For dispute resolution, parties often choose whether to resolve disputes through arbitration, mediation, or in court, and they may select the jurisdiction and governing law for the agreement. It is advisable for parties entering into a vendor agreement in Nebraska to consult with an attorney to ensure that the contract complies with state and federal laws and adequately protects their interests.