What are the common issues to look into when drafting contract with a vendor?

[Kross]

Businesses have contracts with vendors every time. It could be contracts that secures them raw materials or even the main products they sell. What are the common pitfalls and issues to look keenly to when drafting contracts with vendors? What should be avoided with such contracts?

 

[Augusta]

You need to avoid issues by determining who owns the intellectual property created during the project, whether it's the vendor or the company.