{"id":15649,"date":"2020-11-05T18:53:56","date_gmt":"2020-11-05T13:23:56","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=15649"},"modified":"2020-11-05T18:54:00","modified_gmt":"2020-11-05T13:24:00","slug":"concept-and-clauses-in-a-vendor-agreement","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/","title":{"rendered":"Concept and Clauses to be Included in a Vendor Agreement"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The term \u201cConcept and Clauses of Vendor Agreement\u201d denotes a legal document that lays down the provisions and regulations concerning the work performed by a vendor. Further, this contract is drafted for purposes, such as Consultant, Office Supplies, Technology, Services, etc. <\/p>\n\n\n\n<p>Also,\nit shall be relevant to state that the clauses like Goals, Objectives,\nStrategies for Minimizing Cost and Risk Factor must be included in a Vendor\nAgreement.<\/p>\n\n\n\n<p>In\nthis blog, we will discuss the concept and clauses of Vendor Agreement.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a31603841a6a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a31603841a6a\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#Concept_of_Vendor_Agreement\" title=\"Concept of Vendor Agreement\">Concept of Vendor Agreement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#Key_Requirements_of_Vendor_Agreement\" title=\"Key Requirements of Vendor Agreement\">Key Requirements of Vendor Agreement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#Benefits_of_Vendor_Agreement\" title=\"Benefits of Vendor Agreement\">Benefits of Vendor Agreement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#Key_Elements_of_Vendor_Agreement\" title=\"Key Elements of Vendor Agreement\">Key Elements of Vendor Agreement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#Important_Clauses_of_Vendor_Agreement\" title=\"Important Clauses of Vendor Agreement\">Important Clauses of Vendor Agreement<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#Clear_Picture\" title=\"Clear Picture\">Clear Picture<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#Payment_Terms\" title=\"Payment Terms\">Payment Terms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#Period_of_Operation\" title=\"Period of Operation\">Period of Operation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#Representations_and_Warranties\" title=\"Representations and Warranties\">Representations and Warranties<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#Confidentiality_Clause\" title=\"Confidentiality Clause\">Confidentiality Clause<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#Exclusivity_Clause\" title=\"Exclusivity Clause\">Exclusivity Clause<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#Intellectual_Property_Clause\" title=\"Intellectual Property Clause\">Intellectual Property Clause<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#Limited_Liability\" title=\"Limited Liability\">Limited Liability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#Indemnity_Clause\" title=\"Indemnity Clause\">Indemnity Clause<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#Insurance_Clause\" title=\"Insurance Clause\">Insurance Clause<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#Parties_Relationship\" title=\"Parties Relationship\">Parties Relationship<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#What_is_the_Process_to_Draft_Vendors_Agreement\" title=\"What is the Process to Draft Vendors Agreement?\">What is the Process to Draft Vendors Agreement?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/swaritadvisors.com\/learning\/concept-and-clauses-in-a-vendor-agreement\/#Sample_Vendor_Agreement_Format_in_India\" title=\"Sample Vendor Agreement Format in India\">Sample Vendor Agreement Format in India<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concept_of_Vendor_Agreement\"><\/span>Concept of Vendor Agreement<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The\nterm \u201cVendor Agreement\u201d signifies a legal document that is signed between the\nbusiness owner and the vendor of goods and services. Further, it must be\naccompanied by SOW (Statement of Work). Also, the key elements of a Vendor\nAgreement are Time, Date, Location of Service, etc. <\/p>\n\n\n\n<p>Also, it shall be relevant to state that a Vendor Agreement is governed and regulated by the provisions of the Indian Contract Act 1872. Also know, the <strong><a href=\"https:\/\/swaritadvisors.com\/learning\/format-of-legal-notice-a-guide-on-procedure\/\" class=\"text-primary\">format of Legal notice<\/a><\/strong> and in which cases it can be sent.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Requirements_of_Vendor_Agreement\"><\/span>Key Requirements of Vendor Agreement<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The key requirements of a Vendor Agreement are as follows:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/11\/Key-Requirements-of-Vendor-Agreement.png\" alt=\"Vendor Agreement Key Requirements\" class=\"wp-image-15660\" width=\"440\" height=\"566\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/11\/Key-Requirements-of-Vendor-Agreement.png 777w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/11\/Key-Requirements-of-Vendor-Agreement-233x300.png 233w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/11\/Key-Requirements-of-Vendor-Agreement-768x988.png 768w\" sizes=\"(max-width: 440px) 100vw, 440px\" \/><\/figure><\/div>\n\n\n\n<ol><li>Date and Details of the Parties involved, such as names, addresses.<\/li><li>Clarification on vending license in order to check whether the said organization is allowed to deal with the product or not.<\/li><li>Draft a brief and concise statement regarding the expectations of the vendor.<\/li><li>Imposition of Tax on Product and Services.<\/li><li>Inclusion of Delivery Details.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_Vendor_Agreement\"><\/span>Benefits of Vendor Agreement<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The benefits of a Vendor Agreement are as follows:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/11\/Benefits-of-Vendor-Agreement.png\" alt=\"Vendor Agreement Benefits\" class=\"wp-image-15658\" width=\"556\" height=\"266\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/11\/Benefits-of-Vendor-Agreement.png 981w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/11\/Benefits-of-Vendor-Agreement-300x143.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/11\/Benefits-of-Vendor-Agreement-768x367.png 768w\" sizes=\"(max-width: 556px) 100vw, 556px\" \/><\/figure><\/div>\n\n\n\n<ol><li>Specifies Limitation on the Vendor.<\/li><li>Writes don the Business Requirement.<\/li><li>Minimizes Future Risks and Dispute.<\/li><li>State the Procedure for Vendor\u2019s Compliance.<\/li><li>Assists in Gear up Work.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Elements_of_Vendor_Agreement\"><\/span>Key Elements of Vendor Agreement<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The key elements of the Vendor Agreement\nare as follows:<\/p>\n\n\n\n<ol><li>Specify the goods and services that will be offered.<\/li><li>Mention the modes of payment.<\/li><li>Describes the manner in which clients will be billed.<\/li><li>Manner of contacting the person for Account Payable details.<\/li><li>Includes Statement of Work (SOW)<sup><a class=\"text-primary\" href=\"https:\/\/en.wikipedia.org\/wiki\/Statement_of_work\"><strong><em>[1]<\/em><\/strong><\/a><\/sup>.<\/li><li>Provides Knowledge regarding the State Laws and Legal Requirements.<\/li><li>Insurance<\/li><li>A vendor is not eligible for any type of Employment Benefits.<\/li><li>Acts as the basis to show that the vendor is an Independent Contractor.<\/li><li>Mode of Terminating Vendors Agreement.<\/li><li>Reimbursement or Payment of Attorney Fees.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_Clauses_of_Vendor_Agreement\"><\/span>Important Clauses of Vendor Agreement<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The important clauses of Vendor Agreement are as follows:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/11\/Important-Clauses-of-Vendor-Agreement.png\" alt=\"Vendor Agreement Important Clauses\" class=\"wp-image-15661\" width=\"534\" height=\"485\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/11\/Important-Clauses-of-Vendor-Agreement.png 981w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/11\/Important-Clauses-of-Vendor-Agreement-300x272.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/11\/Important-Clauses-of-Vendor-Agreement-768x697.png 768w\" sizes=\"(max-width: 534px) 100vw, 534px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Clear_Picture\"><\/span>Clear Picture<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The term \u201cClear Picture\u201d denotes the proper description, which is given regarding a particular product or service.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Payment_Terms\"><\/span>Payment Terms<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The\nPayment Terms signifies the proper costing mechanism regarding the following: <\/p>\n\n\n\n<ol><li>How much Payment is Due or Outstanding.<\/li><li>Mode of Payment.<\/li><li>Interest for Late Payment<\/li><li>Terms of Payment<\/li><li> Penalties for Late Payment<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Period_of_Operation\"><\/span>Period of Operation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Period of Operation acts as one of the significant clauses of <a href=\"https:\/\/swaritadvisors.com\/vendor-agreement\" class=\"text-primary\"><strong>Vendor agreement<\/strong><\/a>. Further, this clause mainly talks about the tenure for which the functioning and operations are valid, and for how long it is legally binding for the parties.  Also, the term \u201cPeriod\u201d signifies the beginning and completion date of the services.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Representations_and_Warranties\"><\/span>Representations and Warranties<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Another one of the significant\nclauses of vendor agreement is Representations and Warranties. It includes all\nthe terms and conditions regarding the contract. Also, the parties must be\ncomfortable with the stipulations laid down before signing the document.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Confidentiality_Clause\"><\/span>Confidentiality Clause<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This\nclause plays a pivotal role in the contract and protects the leakage and breach\nof data and information included.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Exclusivity_Clause\"><\/span>Exclusivity Clause<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The\nterm \u201cExclusivity Clause\u201d denotes the exclusive relationship between the vendor\nand business owner as the product or service is unique and significant to the\nbusiness. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Intellectual_Property_Clause\"><\/span>Intellectual Property Clause<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The\nIntellectual Property Clause is provided only by the business owners, and it\naims to mitigate the risk one might get after the grant of Intellectual\nproperty license.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Limited_Liability\"><\/span>Limited Liability<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In\nthe case of the vendors, the liability is limited to the extent of thecost of\nservices. However, from the business point of view, if something goes wrong,\nthen the party must ask for the damages incurred more than the cost of\nservices.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Indemnity_Clause\"><\/span>Indemnity Clause<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The term \u201cIndemnification\u201d means when one of the parties shows\nthe interest to bear all the losses incurred by other parties under ambiguous\ncircumstances.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Insurance_Clause\"><\/span>Insurance Clause<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In India, the insurance clause serves\nthe basis and assurance of safety for the parties involved in the contract. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Parties_Relationship\"><\/span><strong>Parties Relationship<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As per this clause, the vendor must be considered as an Independent Contractor, i.e., he is not an employee for the business owner. Also, it shall be relevant to state that this clause clarifies that no one can act for or on behalf of the Vendor.<\/p>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/penalties-under-gst-act\/\">Penalties Under GST Act- Why One Nation One Tax?<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Process_to_Draft_Vendors_Agreement\"><\/span>What is the Process to Draft Vendors Agreement?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The steps involved in the Process to\nDraft a Vendor Agreement are as follow:<\/p>\n\n\n\n<ol><li>Firstly, hire an expert lawyer for the drafting of a customized Vendor Agreement.<\/li><li>After that the lawyer will send a copy of the drafted vendor agreement for review and approval.<\/li><li>It shall be relevant to note that a Vendor Agreement must include all the suggestions made by the parties involved.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In\na nutshell, a vendor agreement is an enormously\nimportant legal document or contract for any business. Also, the terms and\nconditions of a vendor agreement vary for each vendor. <\/p>\n\n\n\n<p>However, a business must not settle with the vendor agreement templates available online as those agreements contain only the simple and basic components and may not essentially protect the business from any legal challenges unthought of.<\/p>\n\n\n\n<p>Therefore, it is always advisable to contact experts for the\ndrafting of a Vendor Agreement. At Swarit Advisors, our experts will assist\nwith the drafting and execution of Vendor Agreement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sample_Vendor_Agreement_Format_in_India\"><\/span>Sample Vendor Agreement Format in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<a href=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/11\/Agreement_with_Vendor.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">Agreement_with_Vendor<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/how-to-become-a-payment-gateway-service-provider-in-india\/\">How to become a Payment Gateway Service Provider in India<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The term \u201cConcept and Clauses of Vendor Agreement\u201d denotes a legal document that lays down the provisions and regulations concerning the work performed by a vendor. Further, this contract is drafted for purposes, such as Consultant, Office Supplies, Technology, Services, etc. Also, it shall be relevant to state that the clauses like Goals, Objectives, Strategies [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":15662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[628],"tags":[864,865],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/15649"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=15649"}],"version-history":[{"count":18,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/15649\/revisions"}],"predecessor-version":[{"id":15676,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/15649\/revisions\/15676"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/15662"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=15649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=15649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=15649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}