What is a Vendor Questionnaire and why is it important? The fundamental purpose of a Form 1 statement (cooling-off notice) is to provide Purchasers with the knowledge they require to make an informed decision when entering into a contract. To prepare a Form 1, information is gathered from State and Local Governments and third-party resources as required. There is great importance placed on collating, reading, and understanding the information contained within these products to ensure the Form 1 is prepared accurately and to secure the Contract. There is another piece of the puzzle which is vitally important, if not more important, and that is the answers provided in the Vendor Questionnaire. #tuckfields #adelaideconveyancers #form1 #localbusiness #kadina #moonta #coopercoast #yorkepeninsula #southaustralia