Use this QuickForm "Purchase Order Terms & Conditions" to make routine purchases of goods and services from suppliers in the absence of a negotiated agreement.Standard purchasing terms provide important back-up protection when parties don't sign separate agreements or when existing agreements unknowingly expire.Without standard purchasing practices, you risk being governed by the supplier's unfavorable invoice terms. Or, you could be exposed to statutory "default rules" implied by law in the absence of a written agreement.These P.O. Terms & Conditions can be printed on the back of your standard Purchase Order Form. You should require suppliers to sign the front of the P.O. Form as a condition of receiving your order.
Standard purchasing terms provide important back-up protection when parties don't sign separate agreements or when existing agreements unknowingly expire.
Without standard purchasing practices, you risk being governed by the supplier's unfavorable invoice terms. Or, you could be exposed to statutory "default rules" implied by law in the absence of a written agreement.
These P.O. Terms & Conditions can be printed on the back of your standard Purchase Order Form. You should require suppliers to sign the front of the P.O. Form as a condition of receiving your order.
Copyright ©1990-2009 John A. Newman and Thomas R. Mielke. ALL RIGHTS RESERVED. This site is governed by the License to Use QuickForms.
