Termination Of Distribution Agreement Letter

The supplier has the right to transfer such a buyback option to any other person it can name. The distributor must not be paid to the distributor for loss of earnings, value or good re-account, customers or similar or other similar or non-similar goods, advertising costs, drawing or delivery fees, employee termination fees, employee salaries and similar or other similar or other similar goods. Under no circumstances can the distributor present itself as a distributor or representative, even after the termination of this agreement. The supplier is not liable to the distributor due to a supplier termination. The distributor frees and releases the supplier from any liability, loss, damage and cost (including reasonable legal fees) and the unscathed resulting from a claim by the distributor or a third party that is within the distributor`s right to enjoy a right of law contrary to the express conditions of this section. A distribution agreement allows a distributor to transport or resell products purchased by a manufacturer. The manufacturer supplies the products and the distributor acts as a seller, either as a wholesaler or as a distributor. The distribution agreement may be exclusive, with a single distributor using a manufacturer for a particular product or region. The agreement may also allow several distributors to collaborate with several manufacturers.

The manufacturer generally states the terms of the agreement, including all marketing tactics or product licensing procedures, and the distributor agrees to comply with these conditions. The supplier may provide the distributor with certain confidential or protected information (“confidential information”). Confidential information includes information, whether written, electronic or oral, that the distributor knows is a proprietary, confidential or commercial trade secret of the supplier, including all technical or commercial information, software, including its source code and documentation, specifications and design information for suppliers, maintenance information, customer lists , price information, marketing information, policies, procedures and manuals through distributors or distribution channels. , research and development and other proprietary substances related to supplier products or supplier activities.