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When negotiating a vendor contract, it's crucial to consider specific provisions that may be unique or atypical. First, clearly define the scope of services, detailing what the vendor is expected to provide, whether it’s custom technology or specific services, to avoid misunderstandings. Next, establish performance standards or a service level agreement (SLA) that outlines the metrics for measuring the vendor's performance and delivery of contracted services. This ensures both parties understand expectations and obligations, which can prevent disputes and promote accountability throughout the contract term.
