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 Oregon, 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. Oregon law does not prescribe a specific format for vendor agreements, but it does require that contracts be clear in their terms to be enforceable. The agreement should be in writing to ensure that all parties have a clear understanding of their obligations and to provide a record in case of disputes. The elements you've listed, such as the scope of products or services, pricing, payment terms, delivery timeline, termination conditions, confidentiality, warranty disclaimers, indemnifications, and dispute resolution, are all important components of a vendor agreement. These terms help protect both parties' interests and provide a framework for the business relationship. It's advisable for businesses to have an attorney review or draft a vendor agreement to ensure that it complies with applicable state and federal laws and to address any industry-specific regulations that may apply.