Indian Contract Act, 1872
Governs vendor agreements as enforceable contracts — including breach, repudiation, and damages.
Protect your supply chainwith a clear, enforceable contract.
A Vendor Agreement that defines supply obligations, payment terms, quality standards, confidentiality, and remedies — preventing disputes before they disrupt your operations.
Supply TermsPayment MilestonesQuality StandardsMSME Compliance
Rs 2,499
All-Inclusive
Master Template
Use for All Vendors
MSME Ready
MSMED Act Compliant
What we handle for you
A Vendor Agreement that gives you legal security over your supply chain — covering delivery, quality, payment, and remedies.
Supply & Delivery Terms
Define goods or services, specifications, quantities, and delivery timelines precisely — preventing disputes about what was agreed.
Payment & Quality Clauses
Draft payment terms with credit periods, milestone payments, and late payment remedies. Include quality assurance, inspection rights, and rejection procedures.
Confidentiality & IP
Draft confidentiality obligations protecting sensitive business information shared with vendors, and include IP ownership clauses for vendor-created materials.
Termination Provisions
Draft termination provisions — for cause and for convenience — with appropriate notice periods and remedies for outstanding obligations.
The 4-Step Drafting Process
From vendor details to a master agreement template usable across your supply chain.
01
Share Vendor Details
Describe the goods or services being supplied, the vendor relationship, pricing structure, delivery terms, and any quality or compliance requirements.
02
Lawyer Prepares the Agreement
Our lawyer drafts a standard Vendor Agreement that can be adapted for different vendor relationships across your supply chain.
03
Review & Finalise
Review the draft and confirm all commercial terms before execution.
04
Master Agreement Delivered
Receive a Master Vendor Agreement template with individual Purchase Order or SOW addendums for each engagement.
Legal Framework
Vendor relationships in India are governed by contract law, sale of goods law, and MSME payment regulations — all of which affect your rights and obligations.
Sale of Goods Act, 1930
Governs the sale of goods aspects of vendor agreements — implied conditions of quality, title, and fitness for purpose.
MSME Development Act, 2006
If the vendor is an MSME, payment delays beyond 45 days attract compounding interest under MSMED Act provisions.
Arbitration and Conciliation Act, 1996
Governs arbitration clauses in vendor agreements for efficient dispute resolution.
Client Success Stories
“We had a vendor default on delivery with no written contract. After that experience, we had LegalKonnect draft a master vendor agreement. We've had zero disputes since — because everyone knows exactly what they've committed to.”
PI
Prakash Iyer
Mumbai“Our MSME vendor was facing delayed payments from us. LegalKonnect flagged the MSMED Act requirements and helped us draft a compliant payment clause. It protected both of us.”
VS
Vandana Sharma
JaipurFrequently Asked Questions
Stamp Duty Not Included
Government stamp duty charges apply to registered documents and vary by state. These are paid directly to the government and are not part of our service fee. Your advocate will confirm the applicable amount for your state before any document is executed.
A purchase order covers a single transaction but does not address the broader relationship — IP, confidentiality, quality standards, or how disputes are resolved. A master vendor agreement, supplemented by purchase orders, provides comprehensive protection.
Only if the agreement explicitly includes such liability. By default, courts in India may limit consequential damages unless expressly provided for. A well-drafted agreement addresses consequential loss exposure clearly.
Under the MSMED Act, payments to MSME vendors must be made within 45 days of acceptance of goods or services. Delayed payments attract compound interest at three times the RBI bank rate.
Yes. An exclusive supply agreement — where the vendor supplies exclusively to you, or you purchase exclusively from the vendor — is permissible but should be reviewed for Competition Act implications if it significantly restricts market access.