A Purchase Order (PO) Terms and Conditions is a set of standardized terms that outline the contractual agreement between a buyer and a supplier for the purchase and sale of goods and/or services.
These terms are typically included in the purchase order document and are legally binding once the supplier accepts the order. The terms and conditions cover various aspects of the transaction, including every terms and conditions which are not mentioned in the main PO.
Such terms and conditions serve as a legally binding agreement, protecting the interests of both the buyer and the supplier by clarifying their obligations and responsibilities. They help prevent misunderstandings and disputes by establishing clear expectations for the transaction.