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  • Writer's pictureTanya S Osensky

Tips for Negotiating with a Vendor

When engaging a vendor, here are some do's and don'ts:


DO:

- insist on starting from your own standard contract

- be familiar with your standard contract terms

- understand your business objectives

- check for existing agreements

- consider the total cost of the deal

- engage an attorney as soon as possible


DON'T:

- start any work before the contract is in place

- attach the vendor's entire proposal

- take a "one-size-fits-all" mentality

- think of contracts as just a formality - content matters!

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