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. The Agreement is drafted with guarantee from Distributor's Parent.
The Company wishes to extend the area in which sales are made to [TERRITORY].
The Distributor and is willing to distribute for the Products listed in Schedule 1 to this Agreement in the [TERRITORY].
The Distributor has been formed by the Guarantor to distribute the Products and Guarantor is the parent company of Distributor.
The Company has agreed to appoint Distributor for an initial term as its distributor of Products for certain applications in the Territory and the Distributor has agreed to accept such appointment subject to the terms and conditions of this agreement.
The Distributor also markets/manufactures/distributes various products, including in particular OTHER PRODUCTS, but these do not compete with the Company's products and, prior to the discussions with the Company leading to this Agreement, had neither the capacity nor the intention to distribute any products competing with the Company's products.