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Find and select partners

Run or answer a tender, and check partners and suppliers before you commit.

01

01 — Find and select partners

What clients ask us

How do we set up an RFI or RFP for a technology supplier?

Use an RFI to learn what the market offers and shortlist vendors, then an RFP to ask the shortlisted ones for a concrete proposal. State your requirements, evaluation criteria and timeline, and attach the contract terms you expect, so that bidders price against them. Put confidentiality in place before you share anything sensitive, and keep bids separate from each other. We can draft the RFP terms and review the answers.

What do we check before we work with a new partner?

Start with the basics: the legal entity and who can sign for it (the Crossroads Bank for Enterprises), its financial health and any insolvency signals, and who ultimately owns it. Then look at what matters for the deal: whether it owns or may use the IP it offers, how it handles personal data, and any sanctions exposure. Match the depth of the check to the value and risk of the relationship.

Are there sanctions or compliance risks with this counterparty?

EU sanctions apply to every business in the EU, and you can breach them without intending to, for example by dealing with an entity owned or controlled by a listed person. Screen the counterparty, its owners and the countries involved against the EU lists before you sign, repeat the check at intervals, and record the result. If something looks doubtful, take advice before you proceed or pay.

Do we need an NDA before talking to a potential partner?

Usually yes, as soon as you share anything you would not want a competitor to see. An NDA defines what is confidential, what it may be used for, how long the duty lasts and what happens to documents afterwards. It also helps you show that you took reasonable steps to protect trade secrets. Do not rely on it for ideas you could still patent: file first or disclose carefully.

How do we check that a supplier really owns the IP or technology it offers?

Ask for proof, not assurances. Check registers for the patents, trademarks and designs it claims, look at who is named as owner, and ask how software and deliverables were created, by employees or by freelancers, and whether open source or third-party code is inside. Then secure it in the contract with warranties and an IP indemnity. For critical technology, a freedom-to-operate analysis is worth considering.

Can we walk away from an RFP or negotiation without liability?

A private buyer is generally free not to award a contract, and an RFP is usually not binding. But parties must negotiate in good faith under the Civil Code, and breaking off abruptly after raising legitimate expectations or letting the other side incur large costs can create liability. State in the RFP that you may stop at any time without compensation, and be clear in your communications. Public buyers follow procurement law.

Should we sign a letter of intent or term sheet first?

For larger or more complex deals it helps to agree the main commercial points early, and to say which parts bind. Typically confidentiality, exclusivity for a set period and costs bind, while price and scope stay subject to a final contract. A vague document can be read as a binding agreement or as a breach of good faith when talks fail, so state clearly what is and is not binding.

How do we compare supplier proposals fairly and defensibly?

Fix the criteria and their weighting before you open any proposal, ask every bidder the same questions, and score against the criteria with a written record. Compare on contract terms as well as price: liability caps, IP ownership, data handling and exit often decide the real cost. Do not share one bidder’s pricing with another. A documented evaluation protects you against complaints from losing bidders.

What should we check before appointing a distributor, manufacturer or reseller?

Beyond reliability and finances, check what the relationship will cost you to end. Some countries, such as Belgium, give exclusive distributors of indefinite duration termination protection, so exclusivity, duration and governing law deserve thought before you start. Also consider quality control, brand use, how the partner sells online, and competition rules on resale restrictions. A short trial or a fixed term can reduce your risk.

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