Basics
It is the first legal document that you need to make sure to sign before sharing any confidential information
What is a 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 a Short SA?
This clause allows Whirlpool to manufacture/assemble the Goods in house without breaching the agreement.
What is Insource clause?
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?
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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.
What is a Purchase Order (PO)?
Is a promise that supplier will protect Whirlpool against claims
What is Indemnity?
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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What is country?
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 are examples of what: Term, Cost Reduction and Rebates, Payment Terms.
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.
What is a Meeting Competition clause?
Helps ensure we are minimizing costs & maximizing value with our suppliers
What is Cost Reduction and Rebates?
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What are Chihuahuas?
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 more tools for the Direct side.
What is the Direct Legal Website?
This type of inventory is supplier-owned, held near our plants, and intended to prevent short-notice stockouts.
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 Power of Attorney?
She speaks English, Spanish, and French, and lived in France for a few months.
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 solely responsible for preparing the template contract 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?
Resource where you can find who can sign for NAR Direct & FPS.
What is Contract Signature Guidance?
This Transactions Team member has 5 children (3 humans and 2 Bernese mountain dogs).
Who is Jori?