This agreement outlines the roles and responsibilities of the Supplier and the Distributors, establishing a structured relationship to ensure the effective distribution of the Supplier’s products. Distributors are required to adhere to the Supplier’s standards, including maintaining accurate records, ensuring timely fulfillment of orders, and achieving specified sales targets. Regular reporting and transparency are emphasized to maintain the integrity and reputation of the Supplier's brand.
Payment terms are clearly defined, with an expectation of full payment before delivery. The agreement also includes provisions for proper product handling, reporting obligations, and the use of designated systems or platforms for record-keeping and communication. Distributors must comply with these terms and meet their sales targets to ensure the smooth operation of the distribution process.
The agreement also addresses the protection of the Supplier’s intellectual property, limitations of liability, and potential consequences for non-compliance, including failing to meet sales targets. The goal is to foster a productive and mutually beneficial relationship between the Supplier and the Distributors, ensuring that the distribution network operates efficiently and in line with the Supplier's standards and expectations.