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Vendor agreement: A practical guide to drafting one to avoid business breakups 

What is an exclusive vendor agreement? How is it drafted? Is it exclusive? What clauses should be included in this agreement? If these questions arise in your mind too, you have come to the right spot. If you are a corporate lawyer or a start-up owner, this guide will come in handy.  

Introduction

In the heart of Mumbai’s indie business scene, Layla Kapoor had finally made it. After two years of hustle and homemade batches in her kitchen, her vegan skincare line — “Organica” — was on the shelves of stores from Bandra’s Turner Road to Telangana. Her bestsellers? The rice and rose enzyme cleanser and kakadu plum glow serum, both regarded and wildly popular for their subtle scents and organic formulations.

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