IBM Supplier Relationship Agreement: What You Need to Know

IBM is one of the world’s leading technology companies, and if you’re a supplier to IBM, you need to understand the IBM Supplier Relationship Agreement (SRA). This agreement outlines the terms and conditions of the relationship between IBM and its suppliers, and it’s important to be familiar with it if you want to do business with IBM.

The SRA covers a wide range of topics, including payment terms, intellectual property, and confidentiality. Here are some of the key things you need to know about the IBM SRA:

Payment Terms: IBM pays its suppliers on a net 60-day basis, meaning that invoices are due 60 days after the date of the invoice. If you’re a supplier to IBM, you’ll need to factor this into your cash flow planning.

Intellectual Property: The SRA specifies that any intellectual property created by the supplier in the course of doing business with IBM belongs to IBM. This means that if you develop a new technology or process while working with IBM, IBM owns the rights to it.

Confidentiality: The SRA includes a confidentiality clause that requires suppliers to keep any confidential information they receive from IBM confidential. This includes information about IBM’s products, plans, and strategies.

Dispute Resolution: If a dispute arises between IBM and a supplier, the SRA requires the parties to try to resolve the dispute through negotiation. If that’s not possible, the parties can move to arbitration.

Termination: The SRA includes provisions for terminating the relationship between IBM and a supplier. IBM can terminate the agreement if the supplier breaches any of its obligations under the SRA, or if the supplier becomes insolvent or goes out of business.

Overall, the IBM SRA is an important document for any supplier to IBM to be familiar with. By understanding the terms and conditions of the agreement, you can better manage your relationship with IBM and ensure that you’re meeting your obligations as a supplier. If you have any questions about the SRA, it’s a good idea to consult with a legal professional who can help you understand it in detail.