11. that the company has the right to appoint negotiators, agents, sellers, etc., to the basis of salaries or commissions, but provided that they work strictly under the terms of this agreement. 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. Distributor agreement between manufacturer and company 9. When the contract is terminated, the financial statements are settled within 14 days. The company recovers all unsold inventory and pays the account. One is to appoint an agent or sales agent who promotes your products and finds buyers for you. The other is to designate a merchant or reseller who will buy your products and then resell them on their territory, which is covered in this article.
The article on the differences between agents and distributors can also be useful if you are undecided that you would use better. E. The company`s performance of this distribution agreement and the company`s performance of its obligations and obligations under this agreement is not contrary to an agreement in which it participates or is bound by other commitments, and 7. Accounts between the parties are settled every six months and credits or credits are issued every six times a year to account. CONSIDERING that the manufacturer manufactures electronic and electrical products of different varieties. A contract between the manufacturer and the distributor is called a sales contract. Read 3 min What is the initial duration of the agreement? Do it long enough to give the distributor time to market with your products, but no more. It can be extended each year if it works. Are you going to name the distributor on an exclusive or non-exclusive basis – is he the only person authorized to sell your products in this area? Even if you agree to an exclusive agreement, you should reserve some existing customers for direct use, in which case you refer to it in the agreement. The agreement should specify the terms of the order for the products as well as the prices and terms of payment. Depending on the nature of your business, it may be helpful to have order date estimates so that you have sufficient inventory to meet the distributor`s requirements. Whistleblowing such an agreement in some countries can result in significant claims, which requires you to seek legal advice before the text is finalized.
G. The obligations of the recipient party under this section 6 remain in the event of termination or non-renewal of that contract for a period of [number of years] of years. In order to avoid any doubt, the distributor`s client and negotiator lists are considered protected information under this agreement. g. Full agreement. This agreement contains the entire agreement between the parties with respect to the proposed transactions and replaces all previous written and oral agreements as well as all concurrent oral agreements relating to these transactions. You should also consult local legal advice before signing a sales contract, because there may be local laws that you need to consider – for example, it may be necessary for a sales company to be owned by nationals of the country.