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Document Description
This document can be used as a reseller agreement / B2C contract that enables a reseller to purchase products from one party (supplier) and sell it to another party (end user). It is also known as a as a reseller contract or resale contract. This agreement is drafted in Neutral form.
Often businesses engage resellers to sell their products in different markets. It allows them to expand their business with minimum operational cost. However, it is important to execute a reseller agreement to define the relationship between reseller and the business owner , outline responsibilities thereby to limit risk and liability in case of dispute.
A reseller agreement includes:
- Appointment of reseller
- Terms of Purchase
- Exclusivity and Territory
- Reseller’s duties and responsibilities
- Product prices, delivery terms, targets
- Invoice procedures, payment terms
- Penalties for late payment
How to use this Document?
This document should be carefully read by the Company and Reseller.
Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid future disputes, both parties may wish to have their signature witnessed.
The territory, description of products, term of the agreement should be clearly specified in the agreement.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.
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