Basics
It is usually the first legal document that you need to make sure to sign (or to otherwise ensure protections are in place) before sharing any confidential information externally
What is a Non-Disclosure Agreement (NDA)?
According to the Contract Decision Tree, if a supplier only serves one region and the annual spend is between $500K and $5M, this agreement should be used.
What is the Supply Commitment Agreement (Short Form)?
This clause allows Whirlpool to manufacture/assemble the Goods in-house without breaching the agreement by simply providing advance written notice to Supplier.
What is Buyer's Option to Manufacture/ Assemble Goods?
If a Supplier will hold Whirlpool tooling, equipment, or even raw materials or components, then the Whirlpool buyer should always obtain this type of Agreement (and update it routinely, as needed).
What is a Bailment Agreement?
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Who is Taylor Swift?
Agreement between 2 or more parties that creates an obligation on all parties to perform (or not perform) a particular action or set of related actions
What is a Contract?
If the annual spend is under $500K and the supplier only supports one region, this option may be considered instead of a full agreement (though its use alone can create great risk in light of Airboss).
What is a Purchase Order (PO)?
This is a promise that Supplier will protect Whirlpool against claims or lawsuits caused by (or alleged to be caused by) Supplier's Goods.
What is Indemnification?
In order to protect Whirlpool's ability to buy additional parts after production parts go obsolete, Whirlpool buyers should always confer with this team before finalizing a contract to ensure any additional provisions needed are properly addressed.
What is the Service Parts team?
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Who are (1) the Michigan State Spartans and (2) the Chicago White Sox?
While this provides financial backing for a supplier’s indemnity obligations and other losses, its absence does not reduce liability.
What is Insurance?
The following clauses have this in common: Term, Cost Reduction and Rebates, Payment Terms, Forecasts and Orders, Meeting Competition.
What are contract clauses that don't require legal review?
This type of clause allows a buyer to switch suppliers if a competitor offers a better price, quality and/or technology advantage.
What is Meeting Competition?
If VMI is held at a Whirlpool-sponsored facility, then, in addition to VMI terms, GSS also must obtain this type of required agreement.
What is Consignment?
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What are Chihuahuas?
This occurs when a party to an Agreement fails to substantially or materially fulfill its obligations.
What is a Breach?
This is the place where you can find all the templates like Supply Agreement, Amendments, Notices, and additional resources/ guides.
What is the GSS Legal Website?
This type of inventory is Supplier-owned, held near our plants, and intended to prevent short-notice run-outs and line impacts.
What is VMI (Vendor-Managed Inventory)?
For a GSS person to sign for the Mexico entities, he/she must be identified in the Mexico Commitment Authority Matrix and have this formal documented title.
What is a Power of Attorney?
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Who is Sofia?
Supplier may request one of these in order to reduce its exposure for breach of contract (including warranty). Whirlpool typically rejects these types of clauses.
What is a limitation of liability?
This person is responsible for preparing the template contract completely and accurately before sending it to the Supplier.
Who is the GSS buyer?
This U.S. state’s law and courts are the preferred governing law for contracts under Whirlpool’s guidelines.
What is Michigan governing law?
This newly updated resource is where you can find who can sign for all NAR GSS spaces and entities (must name it exactly).
What is NAR Contract Signature Guidance?
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Who is Jori?