Partner-centric procurement documents
While there are several procurement documents to consider knowing for the exam you may not be tested on all or any of them, but I wouldn't be surprised if you are familiar with some of them already. The following documents can cross the conducting procurements and controlling procurements processes we'll discuss in the next section. All are considered legal and it's important to know, at least at the surface, what they represent:
- Letter of intent
- Memorandum of Understanding (MOU)
- Breach of contract
- Service Level Agreements (SLAs)
- Purchase Order (PO)
- Non-disclosure agreement (NDA)
- Cease and desist letter
Letter of intent
During the negotiations of a potential contract with a selected seller, there may be some back and forth over terms and conditions until both parties agree on them. A letter of intent is drafted for both parties to sign and agree to before anyone signs on the dotted line in...