Helpful Distributorship Agreement Checklist
Posted by Michelle Grenier on Fri, Apr 16, 2010 @ 01:55 PM
It is essential for both parties in a distributorship arrangement to have a comprehensive Distributorship Agreement. Some of the important terms to include in the agreement are as follows:
1. The Legal Name and address of each party (not dba's and no PO boxes)
2. Include Specific terms of appointment of Distributor, including territory, etc.
3. Specify Term and Termination of the contract
4. Include description of Products or Services for distribution.
5. Clearly set forth Pricing terms with provisions for changing prices.
6. Include acceptable means of Payment, including currency, etc.
7. Describe Performance requirements including what happens if they are not met.
8. Include Procedures related to Ordering and Shipping, including risk transfer provisions
9. Include Intellectual Property rights granted, such as license to use the trademark of the manufacturer, etc.
10. Provide for Termination provisions
11. Include Non-Circumvention terms, if applicable.
This is not an exclusive list and is not legal advice.
Are you ready to discuss your issues with a Boston Business Lawyer or Maine Business Lawyer? Click here for a more in-depth Distributorship Agreement Checklist or schedule a Free Telephone Consultation.