Vendor Compliance
/ˈvɛn.dər kəmˈplaɪ.əns/
Definitions
- (n.) The adherence by a vendor to contractual terms, regulatory requirements, and industry standards stipulated by a purchaser or governing body.
Vendor compliance is critical to maintaining the contractual relationship and avoiding penalties.
Forms
- vendor compliance
Related terms
See also
Commentary
Vendor compliance often appears in supply chain and procurement contexts, where clear specification of standards and penalties in contracts ensures enforceability.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.