This agreement allows parties to legally swap desired goods or services with a chosen vendor. It spells out the rights, duties, and expectations of each side.Vendor agrees and understands that for each TIPS Contract that it holds, Vendor submitted, agreed to, and received. RIGHT TO SELL: FOOD VENDOR shall have the right to advertise as set forth on the application. Payments must be paid online thru PayPal. Checklist before submission of application and contract: ❑ Vendor Contract completely filled out (pages 2, 3). Use this legal vendor agreement template to ensure that new vendors are aware of the terms of doing business with your organization. Unless otherwise expressly staled herein, this Agreement does not confer on Supplier the right to be the exclusive provider of the Services to the University. Fill out the form to get your free eBook. What should be included in a vendor contract?