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When negotiating a vendor contract, it's crucial to focus on specific provisions that may differ from typical contracts. Key considerations include clearly defining the scope of services, detailing what the vendor will provide, whether it's custom technology or other services, to avoid misunderstandings. Additionally, establish performance standards or a service level agreement (SLA) to outline the metrics for measuring the vendor's delivery of services. This ensures both parties have a clear understanding of expectations and accountability, ultimately leading to a more successful partnership.
