Vendee

A vendee is the individual or entity who purchases goods or services from a vendor, especially in a formal or legal context. This term frequently appears in contracts, property transactions, and sales agreements. The vendee assumes ownership of the item or service upon the completion of the agreed-upon terms of the sale, such as payment. The responsibilities of a vendee often include payment, adherence to contract terms, and sometimes, arranging for the transfer of goods or services.

Vendee meaning with examples

• The real estate contract clearly outlined the vendee's obligations, including a down payment and mortgage approval. The vendee, after securing financing, excitedly looked forward to taking possession of their new home. They felt a deep sense of accomplishment after months of saving and researching the market, and were very happy with their decision.
• In a business-to-business transaction, the vendee was a large corporation that required specialized software from the vendor. Negotiations focused on maintenance agreements, usage terms, and guarantees for the software. Ultimately, the vendee agreed to the proposed terms and the contract was finalized, which the vendee found to be a sound investment.
• The auction house announced the name of the vendee who had placed the winning bid on the antique vase. The vendee quickly settled the payment and made arrangements for its secure shipment. They immediately contacted an appraiser to determine its authenticity after being thrilled with the purchase.
• After carefully reviewing the fine print of the sales agreement, the vendee realized that they were responsible for the shipping costs. After some research, the vendee made arrangements to collect the goods. The entire process involved a lot of fine print and complex contracts that demanded careful attention.
• The store clerk confirmed the vendee's purchase and handed them a receipt. The vendee, excited about their new product, asked some questions about it and went on their way. Satisfied with their shopping experience, the vendee left the shop a happy customer with their new toy!