After months of working with prospective third-party logistics (3PL) vendors, you likely received hundreds of pages of selling materials and many verbal promises. A contract will memorialize:
- the statement of work (SOW) and the 3PL services you are contracting for
- the standards of performance
- the pricing of various 3PL services
- the payment terms
- a host of legal clauses such as warranty and guarantees, and termination of the agreement
This blog acts as a checklist of contractual considerations to assist you in negotiating a 3PL contract that is fair and a win/win for the client and the 3PL provider acting as your outsource fulfillment provider.
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