vendors
Definition
Vendors are the businesses or individuals who sell you goods or services that you need to run your company. This includes everyone from your office supply company and your software provider to the freelancer who builds your website.
Example
If you own a restaurant, your food suppliers, linen service, and point-of-sale software company are all your vendors.
Watch Out
Always get a written contract with any vendor so both sides are clear on pricing, delivery timelines, and what happens if something goes wrong.
See which terms appear in your contract?
This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.