Standard Term language on purchase orders

Would anyone be willing to share standard language you have on all po's? We are looking at adding specific langage around terms and the amount of time a vendor has to invoice us after product has shipped or service has been performed.

Thanks

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dechevar

Here is ours. Hope it helps.

gtesche

djechevarr - I appreciate you sharing this.
While I love the hardline you take with vendors, are you pretty successful in getting invoices to you within the 10 days?
Also, you mention no restocking fees, how does that go over with vendors when it's say a custom product or if you've ordered it say 3 months ago?

dechevar

Boy would I love to say we are hardline on this, but there are so many caveats. Custom products are usually contracted which overrides PO Terms. Like most, we are committed to purchase our custom products.

In addition, if buyers are ordering online, there may be sales terms that override our PO that we are agreeing to by purchasing. Needless to say, it is a tool for our legal team to use should it come to litigation, but we try to partner with the supplier to reduce costs on both sides.

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