This exclusivity agreement is reached on [Agreement.CreatedDate] between the parties [Seller.FirstName] [Seller.LastName] and [Buyer.FirstName] [Buyer.LastName]. The parties agree that no part of this agreement can be transferred, sold or disclosed to third parties without prior authorization. Each month, the distributor sends the supplier, via e-mail, a 3-month non-binding sales forecast for expected sales of supplier products in the region. In addition, the distributor must provide this additional information in a timely manner in response to the supplier`s requests regarding the distributor`s activities in the territory. These requests may be used, prospectus lists and the status of prospectus sales activities, information relating to certain sales activities, competition data in the territory, product operating data and other information necessary for the supplier to effectively coordinate its international sales and marketing efforts. Any disputes or controversies that may arise from the duration of this exclusivity agreement are settled through arbitration proceedings with [Arbitrator.Name], as agreed between the parties. Non-payment constitutes a breach of the contract and constitutes, at the seller`s discretion, the full termination of this exclusivity agreement. The selected arbitrator is well known in the exclusivity agreement reached and has been reviewed by all parties to the agreement. Any infringement within this period results in legal action and termination of this exclusivity agreement.
If a provision of this agreement proves unenforceable or invalid, all other provisions will remain in effect. Both parties are entitled to enter into an agreement and replace the invalid provision with an enforceable clause. Non-payment is an offence. A reserves the right to terminate the exclusivity contract. In the event of termination, B remains responsible for all funds due. A also has the right to take legal action to recover the royalties earned. The seller and buyer have expressed interest in an exclusivity agreement regarding the following property: the seller reserves the right to maintain and apply the minimum selling prices (MSRP) recommended by the manufacturer for all products listed. The buyer agrees to sell all products at least at the MSRP prices listed below for the duration of the exclusivity contract. The distributor sets the selling price and royalties to which supplier products are sold or conceded in the country. The distributor is solely responsible for the costs associated with the distribution of supplier products, including distribution fees, import duties, all bank fees, shipping and processing fees, installation or other operating costs, borrowing charges, transfer fees and other payment and tax charges, but which are determined , except that the distributor is not responsible for taxes based on the supplier`s revenues.
This agreement can only be amended or amended by a written agreement reached and executed by both parties. The exclusivity period begins at [Agreement.CreatedDate] and ends at [Agreement.EndDate]. The following property is offered by the Seller for the duration of this Contract: (Multiline Text Field) Both parties acknowledge during the duration of the agreement that they are informed of certain information relating to the other party`s transaction considered confidential. PandaTip: This section of the proposal prevents any party from assigning its rights and obligations to another party without prior authorization, in accordance with the terms of this agreement. The supplier undertakes to make such descriptive literature, promotional materials, technical manuals and promotional materials on the supplier`s products available to the distributor (by e-mail in pdf format), as the supplier may be available from time to time for such uses.