The University of Houston Standard Purchasing Agreement: What You Need to Know
If you`re a supplier looking to do business with the University of Houston, it`s important to understand the Standard Purchasing Agreement (SPA). This document outlines the terms and conditions under which the university will purchase goods and services, and it`s important to make sure you`re in compliance with its requirements.
The SPA covers a range of important issues, including payments, warranties, indemnification, and intellectual property. Let`s take a closer look at some of the key provisions.
Payments: Under the SPA, the University of Houston agrees to pay suppliers for goods and services within 30 days from the date of receipt of a proper invoice. It`s important to make sure your invoice is complete and accurate, with all relevant information such as purchase order numbers, descriptions of the goods or services provided, and pricing.
Warranties: The SPA requires suppliers to warrant that their products or services are free from defects and conform to all specifications and requirements. This means that if the university discovers any problems with what you`ve provided, you may be required to replace or repair the goods or provide additional services to remedy the issue.
Indemnification: The SPA requires suppliers to indemnify the university against any claims, losses, or damages arising from their products or services. This means that if someone sues the university because of something you provided, you may be required to defend the university and pay any damages or settlements.
Intellectual property: The SPA requires suppliers to warrant that their products or services do not infringe on any third-party intellectual property rights. This means that if someone claims that your product or service violates their patent, trademark, or copyright, you may be required to defend the university and pay any damages or settlements.
In addition to these provisions, the SPA includes a number of other terms and conditions that suppliers should be aware of. It`s important to review the document carefully and make sure you understand all of its requirements before entering into an agreement with the university.
Overall, the University of Houston Standard Purchasing Agreement is a comprehensive document that provides important protections for both suppliers and the university. By understanding its requirements and complying with its terms, you can help ensure that your business relationship with the university is successful and mutually beneficial.