This Distribution Agreement allows the Distributor to purchase products for his own account and then resells them to his customers in his territory. The Distributor earns profit margin between the prices. This Agreement is drafted in favour of the Distributor.
The Company appoints the Distributor from the date of this Agreement as its distributor for the purpose of reselling, installation for the Products under the Trademarks within the Territory.
The Company may distribute, sell, install the Products in the Territory either itself or by appointing any number of third parties to do so on a non‑exclusive basis.
The Company may distribute, sell, install the Products in the Territory.
This Agreement shall remain in force for an initial term of echo $TERM; ?> years and shall continue in full force and effect (unless terminated in accordance with clause 10) until terminated by either party giving to the other not less than 3 months written notice expiring on or after the expiry of such initial term.
The Distributor shall buy its entire requirements for Products from the Company on the Company's then current distributor list price.
This Agreement does not constitute an order by the Distributor for any Products.
(a) will use its best endeavours to fulfil promptly all accepted orders for Products ordered by Distributor to give priority to the supply of Products to Distributor.
(b) will inform the Distributor in writing of any improvements to existing Products or new Products developed by the Company which in the opinion of the Company are suitable for marketing in the Territory. Within three months of the date of such notice the Distributor may by written notice to the Company choose to include such new or improved Products within the terms of this Agreement.
If the Distributor has exclusive rights pursuant to clause 2.1 above but does not choose to include such new or improved Products within the terms of this Agreement, the Company may distribute, sell, install or maintain such new or improved Products in the Territory either itself or by appointing any third party to do so on an exclusive or non‑exclusive basis.
The Distributor shall keep a sufficient stock of Products (for sale and demonstration purposes) to meet expected customer requirements.
The minimum purchase target for Products in the Territory for the duration of this Agreement is set out in Schedule 5 (the Targets).
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