Distributor Contract
Distributor Contract
This Distributor Contract (hereinafter referred to as the “Contract”) effective as of the 20th day of January 2055 (the “Effective Date”) is made and entered into by and between: [Your Company Name], a corporation having its principal place of business at [Your Company Address] (hereinafter “Supplier”), and [Distributor Name], a corporation having its principal place of business at [Distributor Address] (hereinafter referred to as “Distributor).
I. Scope
This contract serves as the definitive guide detailing the terms and conditions that govern the distribution arrangement that has been established between the Supplier and the Distributor. The pages outline in great detail the respective rights and responsibilities each party has agreed to in their arrangement.
II. Terms of Distribution
2.1 Distribution Rights: The Supplier hereby grants the Distributor the non-exclusive right to distribute the Supplier's [Products/Services] within the designated territory of the [Location].
2.2 Territory: The territories covered by this contract shall include the states of [Location].
2.3 Pricing and Payment Terms: The pricing of the industrial machinery shall be based on the Manufacturer's Suggested Retail Price (MSRP) provided by the Supplier. Payment terms shall be net 30 days from the date of invoice.
2.4 Marketing Responsibilities: Both parties agree to collaborate on marketing efforts, including participating in industry trade shows, joint advertising campaigns, and providing promotional materials.
III. Compensation and Benefits
3.1 Compensation: The Distributor shall receive a commission of 15% on all sales of industrial machinery made within the designated territory.
3.2 Benefits: The Distributor shall be entitled to participate in Supplier-sponsored training programs and receive periodic updates on new product releases.
III. Confidentiality and Non-Disclosure
Both parties agree to maintain confidentiality regarding any proprietary or confidential information disclosed during this contract. This includes, but is not limited to, customer lists, pricing information, and product specifications.
IV. Termination Conditions
4.1 Termination for Cause: Either party may terminate this contract upon written notice if the other party breaches any material provision of this Contract and fails to remedy such breach within 30 days of receiving written notice thereof.
4.2 Termination Without Cause: Either party may terminate this contract without cause upon 60 days written notice to the other party.
4.3 Effect of Termination: Upon termination, the Distributor shall cease all distribution activities related to the industrial machinery and return any remaining inventory to the Supplier.
V. Dispute Resolution
Any dispute arising out of or relating to this Contract shall be resolved through arbitration by the rules of the [Arbitration Organization]. The decision of the arbitrator shall be final and binding upon both parties.
VI. Governing Law
This Contract will be subject to governance and interpretation following the legislation and legal regulations established within the confines of the State of [State].
VII. Entire Agreement
This contract contains the entire agreement between the parties and supersedes and replaces all such prior contracts concerning matters expressly set forth herein. No modification shall be made to this contract except in writing and signed by both parties.
IN WITNESS WHEREOF, the parties hereto have executed this Distributor Contract as of the date first above written.
[Your Company Name]
Supplier
[Date Signed]
[Distributor Name]
Distributor
[Date Signed]
