Document background
The Preferred Vendor Agreement is utilized when organizations seek to establish long-term, strategic supplier relationships with preferential terms and conditions. This document is particularly relevant in scenarios where a company wants to secure favorable pricing, priority service, or exclusive supply arrangements with a key vendor. Under Dutch law, these agreements must carefully balance commercial preferences with competition law compliance. The agreement typically includes detailed provisions on pricing structures, service levels, ordering processes, and performance metrics. It's commonly used in situations requiring regular procurement of goods or services, where the buyer commits to certain volume levels or preferential supplier status in exchange for advantageous commercial terms. The document serves as a master agreement that governs the overall relationship while allowing for operational flexibility through detailed schedules and appendices.
