Vendor

Sure, please define “vendor”:

Vendor: A company that provides goods or services to another company (the buyer). The vendor is responsible for providing the goods or services as agreed upon in the contract between the two companies.

Here are some key points about vendors:

• Provide goods or services: Vendors provide goods or services to buyers. They can be manufacturers, wholesalers, retailers, or service providers.
• Contractual relationship: A vendor-buyer contract is legally binding between the vendor and the buyer. It outlines the rights and responsibilities of each party.
• Payment: Payment for goods or services is usually made to the vendor by the buyer.
• Quality control: Buyers have the right to expect that the goods or services provided by the vendor will meet their expectations.
• Communication: It is important for vendors and buyers to communicate effectively to ensure that the relationship is successful.