Marketing-procurement contract

A marketing-procurement contract is a written agreement that sets out the terms and conditions between a supplier, or vendor, and a purchaser, or customer. It covers the delivery of goods or services, payment, quality and other related provisions. The contract enables each party to meet their mutual obligations in order to provide and purchase goods or services. The contract may contain standard terms and conditions, or it may also allow for additional clauses to be negotiated. It is important that both parties understand, agree and sign off on the terms and conditions before the contract is executed.