What happens if things go wrong?
When Supplier does this in relation to a contract, WHR's buyer should clearly document concerns to the Supplier regularly, involve GSS leadership and Legal, and, to the extent possible, dual-source/dual qualify parts.
What are actions to take in the event of a breach?
According to the new Contract Decision Tree, this template should be used when multiple WHR regions are purchasing and the annual spend is greater than $5M USD.
When you use the Global Commercial Agreement?
This type of warranty is identified specifically in writing in the contract. This is usually the best type of warranty to rely on.
What is an Express Warranty?
If a Supplier will hold Whirlpool tooling or equipment, then the Whirlpool buyer should always obtain this type of Agreement.
What is a Bailment Agreement?
This freshman wide receiver had a HUGE game for Michigan State football over the weekend, including a 77 yard touchdown with just over 4 minutes to go to tie the game -- which the Spartans ultimately won 27-24 bringing great joy to Bill's heart!
Who is Nick Marsh?
This occurs when a party fails to substantially or materially fulfill its obligations under an agreement.
What is a “Breach?"
A Whirlpool buyer needs this level of GSS leadership approval in order to use a more stringent contract template than the one called for under the Contract Decision Tree.
What is none?
This legal concept (and contract provision) is a promise from Supplier that it will protect Whirlpool against future claims (typically those brought by third parties).
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?
This Transactions Team member is the practice group lead and primarily sits in Italy.
Who is Tetiana Pidgaina?
The following are reasons for what - the materials are sole sourced, the failure is an anomaly and otherwise Supplier performs well, or there is difficulty in sourcing from a cost-effective alternative.
What are reasons why Whirlpool may decide not to terminate a contract despite a breach by the supplier?
The following are examples of what - Orders, Term of the Agreement, Cost Reduction and Rebates, Payment Terms, and Meeting Competition.
What are contract clauses that don't require legal review?
It is supplier-owned and managed inventory of Goods that is held within close proximity to our manufacturing facilities to ensure we do not run-out on short notice.
What is Vendor Managed Inventory (VMI)?
This is the best time to get an NDA.
What is BEFORE any confidential information is shared with the Supplier?
This member of the Transactions Team teaches law students at their alma mater (Purdue University).
Who is Pervin Taleyarkhan?
A claim for damages, an injunction or other temporary order from a court, repair or replacement of goods, etc.
What are remedies Whirlpool may pursue in the event of a breach?
This person is solely responsible for preparing the template contract before sending it to the Supplier.
Who is the GSS buyer?
Sometimes words (promises) combined with actions can create this important relationship between parties.
What is a Contract?
For a GSS person to sign for the Mexico entities, he/she must be identified in the LAR-N Commitment of Authority Matrix and have this formal documented title.
What is Power of Attorney?
This Transactional team member previously participated in a family law clinic and considers themselves to be a bona fide "Swiftie."
Who is Odeth Saucedo?
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?
According to the Contract Decision Tree, this contract template can be considered whenever the annual spend with a Supplier is less than $5M USD.
What the Supply Commitment Agreement (short form)?
The best way to protect Tier 2 Goods/Parts is to take this action whenever possible.
What is include them in Whirlpool's Tier 1 Supply Agreement?
This is Whirlpool's preferred e-signature platform
What is Adobe Sign?
This Transactions Team member has a dog named Rigo and they like to watch Friends and drink cold glasses of mezcal.
Who is Sofia Garza?