6 Procurement Contracts You Need To Know Today
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- čas přidán 13. 07. 2024
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Delve into the world of procurement with our insightful video - "6 Essential Vendor Contract Types for Procurement Professionals". This video serves as a comprehensive guide for procurement professionals, providing an in-depth overview of six crucial vendor contract types:
1 - Non-Disclosure Agreement
2 - Master Services Agreement
3 - PO Terms
4 - Statement of Work
5 - SaaS Subscription/EULA
6 - Data Protection Agreement
Each contract type is explained in detail, equipping you with the knowledge you need to excel in your role. Familiarize yourself with these contract types and empower your decision-making process. Don't forget - consultation with your legal team is key for a deeper understanding of these agreements.
Knowledge is power, especially when it comes to procurement. We're curious - what other contract types do you find essential in your role? Engage with us in the comments section below.
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Really helpful, thanks. I'd love to see you make an engaging and interesting video on data protection contracts. Might be a tough ask!
Great suggestion!
SaaS video as well pls. Thx
Really helpful content... but may I ask you what is the need of Data protection agreement if we already have a NDA in place?
It's irrelevant for two main reasons.
Reason 1: NDAs don't cover what DPAs cover.
Reason 2: Entire Agreement Clauses - these mean that once you sign the main contract (after an NDA), only the agreements linked to this agreement will be enforceable. You can tie the NDA into this main agreement but it's messy - especially as you'd have a confidentiality clause in this new agreement.
Happy to create a video that explains this dynamic.
@@WorldofProcurement wow .. that would be really helpful... thanks a lot.
If a PO itself has terms, are there ever cases when PO T&Cs supercede the terms in an MSA? Especially if they're just "attached" to a PO without the other party agreeing explicitly into them? Or are they nullified if theres a signed MSA?
Your MSA should dictate terms unless you specifically mention in the PO about new t&c for that specific service