Posted in Marketing and Strategy Terms, Total Reads: 474
Definition: Scheduling Agreement
This form of documentation is related to the sales function of an organisation. A scheduling agreement is an agreement between two parties, usually buyer and seller, that contains the details about when a particular product or service is to be delivered.
A scheduling agreement differs from a contract in the sense that it contains details of delivery date of an item or service whereas a contract consists of the details of the price and quantity of a product or service.
Scheduling agreement help business parties to keep a tab on the products and services which are to be delivered as a part of the business transaction. It helps the seller to prepare better and the buyer to follow-up with timely deliveries.