d. Sub-agents. The distributor may designate sub-agents, negotiators, sub-representatives or others who act on behalf of the distributor or otherwise fulfill the distributor`s obligations under this agreement within the territory; provided that (i) any compensation for these sub-agents, sub-agents, sub-representatives or other persons, to act on behalf of the distributor or to discharge any other of the distributor`s obligations, is exclusively the responsibility of the distributor, and (ii) that appointment does not deprive the entity of the essential rights to which it is entitled under this Agreement. An agreement with this sub-agent, negotiator, deputy representative or any other person does not exceed the duration of this agreement. Typically, the distributor buys the products manufactured by the company and supplies them to distributors and/or end consumers in different locations. This requires prior agreement between the parties on payment cycles, storage and transportation requirements. The procedure for selling with the various stages can be described in detail. For example, the process of ordering by the distributor. E. It is presumed that all property information disclosed under this agreement is and will remain the property of the revealing party. At the end of this agreement or after written notification of the revealing party, the receiving party undertakes to return all proprietary information it holds.
Perform or Perish is the mantra in business contracts. The volume of sales to be made by the distributor must be determined in advance. If the distributor is unable to maintain the objective, the agreement may be terminated at the manufacturer`s choice. E. The company`s performance of this distribution agreement and the company`s performance of its obligations and obligations under this agreement do not contra to an agreement to which the company is a party or to which it is bound by other provisions and d. Notwithstanding other provisions of this agreement, each party acknowledges that the protected information must not contain information that: (i) the receiving party is already known at the time of disclosure or is not the subject of an unlawful act by the recipient party; (ii) is received, quite rightly, by a third party by the recipient party, without violating this agreement; (iii) be developed independently by the recipient party, without the information received under this agreement being used; (iv) assists a third party, without limitation of the third party`s right, with advertising by the publishing party; or (v) by the written permission of the revealing party expressly. CONSIDERING that the manufacturer manufactures electronic and electrical products of different varieties. One of the main details that must be covered by a distribution agreement is the geographical area in which the distributor is allowed to sell the producer`s products. Once the area is indicated, all exclusive rights must be highlighted. This agreement is reached on this subject…….
Day of ………………… on………….. B. Unless expressly authorized by the public party, the receiving party accepts that it and its staff receiving proprietary information under this contract treat this proprietary information with the same care as that applied to its own proprietary information of similar importance which it does not wish to disclose, publish or disseminate to third parties.
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