Vendor Management: Legal Tips

(from Venable) When contracting with vendors that support independent schools, consider the following provisions of any vendor agreement:

• Parties to the Agreement
• Relationship of the Parties
• Term
• Termination
• Payment Terms
• Description of the Parties' Responsibilities
• Compliance with the School's Policies and Procedures
• Background Checks for Vendor's Employees
• Indemnification and Release of Liability
• Force Majeure
• Governing Laws

More detail from Venable