Vendor
a vendor (noun) - a company selling things, a company that supplies raw materials or pieces of equipment to companies that make goods
street vendors
a preferred vendor
ranked as the number one vendor
the vendor is required to meet the conditions imposed by the contract
the decision about which vendor to go with
the vendor reduces their price
a vendor would be unlikely to reduce his price to the extent of their full cost
check with the vendor that they are included in the sale
software vendors
an independent software vendor
a computer system vendor
an OEM vendor
the company is predicted to retain 27%, the largest slice for any single vendor
the largest market share of any vendor in the market
vendor liable for all the warranties
a proposal from a vendor
sale and purchase agreement drafted by the vendor's solicitors and not the purchaser's
depends on the co-operation of the vendor
responsibility for fees is a matter for agreement between the vendor and the management
the vendor retains VAT records
confidentiality in an offer made to a vendor of land
guarantees given by the vendor
Example sentences:
* The software vendor is one of the BoT's preferred vendors.
* The current dominance of Apple will certainly be broken, according to Dataquest 60% of the market will be PC based, but interestingly the company is predicted to retain 27%, the largest slice for any single vendor.
* The decision you make today about which vendor you go with and which technology you go with may be the right decision today and yet may, may be the wrong decision tomorrow.
* The sale and purchase agreement is drafted by the vendor's solicitors and not the purchaser's and is often enclosed in the transmittal letter.
* Each vendor is liable for all the warranties up to the maximum.
* The release of this information therefore depends on the co-operation of the vendor.
* Invariably this works out at less than the cost of the repairs, because a vendor would be unlikely to reduce his price to the extent of their full cost, he would argue that he had already taken some account of defects and age when fixing the price of his house in the first place, and if he had been expected to replace all the windows he would have asked a correspondingly higher price.
* Ask the vendor about access to the roof space or spaces, and ask if all the keys to rooms, cupboards, garages, sheds etc, might be made available.
* Sketch and list the fittings and equipment, and check with the vendor that they are included in the sale.
* IDC ranks HP as the number one Unix vendor in Europe, and says the firm increased its lead over second placed Sun Microsystems Inc last year.
* The developer will be obliged to use his best endeavours to resolve outstanding problems and the vendor himself may independently attempt to meet the conditions imposed by the contract, if the developer fails to proceed with due diligence.
* This method of procedure is less advantageous to the developer but provides the vendor with more protection of his interests.
* Furthermore, the vendor's views on the design may conflict with the planning authority and meeting the requirements of both can be fraught with difficulty.
* Often, the vendor will prefer to deal directly with the venture capitalist rather than with the management.
* The assumption of responsibility for fees is a matter for agreement between the vendor and the management, recognising that the management costs, in view of the requirements of the financial advisers, are likely to be greater than those of the vendor.
* If there is a hive-down of the target assets and business to a newly formed Target subsidiary of the vendor, followed by a sale of shares in the new target company, as an alternative to an assets sale, these" tax assets" can be preserved in Target.
* Often there will be a conflict between what the vendor company and Newco want from the transaction.
* A compromise solution may be for the vendor to hive the Target business and assets down to a newly formed target company in its group and for Newco then to acquire Target, in the knowledge that only specified liabilities have been taken over by the new Target.
* Guarantees in favour of third parties given by the vendor on behalf of Target, which Target will wish to transfer to Newco, can give rise to problems.
* Another example which recently came before the court concerned confidentiality in an offer made to a vendor of land.
J7D 338 The extent of the warranty of title implied at common law is that the possession given to the purchaser will be undisturbed by the vendor or auctioneer and that the latter knows no defect in the vendor's title (see Chapter 7).
