Below are some of the important points to be highlighted before entering into a business relationship, while performing due diligence with sellers.
Checking the past record of the supplier on reliability.
Auditing the resources available and processes followed in maintaining the quality of supplied goods.
Clearly stating the scope and objectives of the relationship.
Drafting exit clause carefully in order to protect both parties from the damages.
Negotiating on cost and quality as per company requirement and standards.
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