Plain-English overview
A 12-month vendor agreement with monthly payments and automatic renewal. The agreement favors the vendor in its current form.
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Vendor Services AgreementAnalyzed just now
Complete✦Executive summary
This agreement outlines a 12-month services engagement with automatic renewal. Payment terms and liability exposure require attention before signing.
14key clauses
3items to review
7 minreading saved
Liability cap is uncappedSection 8.2 · Review recommended
→Auto-renewal requires 60-day noticeSection 3.1 · Calendar reminder suggested
→MADE FOR THE PEOPLE WHO KEEP BUSINESS MOVING
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Priority issue
Unlimited liability. The vendor’s liability is not capped, which could expose your business to significant risk.
Key action
Request a liability cap tied to the fees paid in the prior 12 months before execution.
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