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Document Id : 125
File Type : Microsoft Word
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Exclusive Manufacturing Rights Agreement
Sell exclusive rights to manufacture your products within a defined territory with this Exclusive Manufacturing Rights Agreement.
- Parties. The Agreement is between (i) a party which has developed specialized technical know-how (the seller), and (ii) a buyer who manufactures and sells its products within the territory, but wants to obtain the exclusive right to manufacture the seller's products as well.
- Know-How. The seller will fully disclose to the buyer's personnel its technical know-how, specifications, processes and other required data to enable the buyer to manufacture the seller's products.
- Non-Disclosure. All of the seller's information will be kept confidential by the buyer, not to be disclosed to third parties.
- Royalty. The buyer will pay the seller a percentage of net monthly sales, calculated on predetermined sales levels.
- Minimum Targets. The buyer must meet minimum sales targets.
- Export Rights. The seller reserves the right to export products and sell them in territories outside the buyer's territory.
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