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Vendor Agreement

This vendor agreement (the “Agreement”) is entered into as of EFFECTIVE DATE by and between:

The GIFT Resource, an LLC organized under the laws of North Carolina, with its principal place of business being online (hereinafter referred to as the “Company”)
And
{VENDOR NAME}, an {LLC, PLLC, S CORP} organized under the laws of {STATE} with its principal place of business at VENDOR ADDRESS (hereinafter referred to as the “Vendor”)

  1. Services or Products
    The Vendor agrees to provide the Company with (DESCRIPTION OF GOODS AND/OR SERVICES) (the “Products/Services”) in accordance with the specifications and terms outlined in Exhibit A attached hereto.
  2. Term and Termination
    a. The term of this Agreement shall commence on [effective date] and continue until terminated by either party with [NUMBER] days’ written notice.
    b. Either party may terminate this Agreement immediately upon written notice if the other party breaches any material term or condition of this Agreement.
  3. Payment Terms
    a. The Company agrees to pay the Vendor the fees specified in Exhibit A in accordance with the payment terms outlined therein.
    b. Invoices shall be submitted by the Vendor to the Company on {FREQUENCY} and shall include a detail breakdown of charges.
  4. Confidentiality
    Both parties agree to keep confidential all non-public information disclosed during the terms of this Agreement.
  5. Intellectual Property
    a. The Vendor retains all rights, title, and interest in and to any intellectual property created or developed in connection with the provision of Products/Services.
    b. The Company is granted a {EXCLUSIVE/ NON-EXCLUSIVE} license to use the Vendor’s intellectual property solely for the purpose of using the Products/Services.
  6. Indemnification
    The Vendor agrees to indemnify, defend, and hold harmless the Company from any claims, losses, or damages arising out of or resulting from the Vendor’s breach of this Agreement.
  7. Governing Law
    This Agreement shall be governed by and construed in accordance with the law of North Carolina.
  8. Miscellaneous
    a. This Agreement constitutes the entire understanding between the parties and
    b. Any amendments to this Agreement must be in writing and signed by both parties. supersedes all prior agreements, whether oral or written.
  9. Contact Information
    If you have any questions or concerns about these Terms of Service, please contact us at info@thegiftresource.com