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Document Id : 7627
File Type : Microsoft Word
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Exclusive European Distribution Agreement
UK manufacturers, set up a distribution network throughout Europe with this Exclusive European Distribution Agreement.
- The distributor agrees not to compete with the manufacturer within the territory.
- The manufacturer reserves the right to sell products to customers within the territory who wish to deal directly with them.
- The manufacturer shall use best endeavours to supply products according to the distributor's purchase orders.
- The distributor must use best endeavours to promote and sell the products, must maintain a minimum inventory, and must meet specified performance targets.
- The distributor must not accept warranty claims without the approval of the manufacturer.
- Procedures to be followed upon termination include return of unsold products and payment of all amounts owing between the parties.
- The parties agree to submit disputes to binding arbitration in the United Kingdom.
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