91. Supplier Contracts

By Roger Bryan

If you plan of running a business that requires a lot of raw material and other related stuff from various suppliers, then you ought to maintain all the details about the supplier contracts that you will sign.

Facts – General facts about the contract details should be sketched out.

Time Period – This would specify the time period for the contracts.

Liability – Discuss the liabilities associated with the contract in case of a mishap.

Round this off with details about the suppliers and various items they plan to deliver.

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