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Letter of Intent for Exclusive Distributor
When negotiating a contract with a distributor to sell your products, it's a good idea to put the negotiating points down in writing in this Letter of Intent.
- The parties intend the distributor to have exclusive rights to distribute the products within a given territory, and a right of first refusal on additional territories.
- The distributor will be an independent contractor, and not an employee or agent of the supplier.
- The supplier will provide products of the highest quality, with all applicable warranties.
- Target markets are identified.
- The Letter of Intent itself is an agreement in principle, not a legal contract, and is not legally binding except as it relates to the negotiations between the parties, such as confidentiality provisions.
- This template is generic, not country specific, and can be used anywhere.
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USA LLC Member Representations with Regard to Securities
Set out how membership interests in a USA limited liability company have been ⁄ will be acquired with this LLC Member Representations with Regard to Securities.
- Each member represents that he/she has acquired the membership interest in the LLC for investment purposes only.
- The member has the knowledge and experience necessary to evaluate the economic risks of acquiring the membership interest.
- The member understands that he/she may bear the risk of an investment in the company for an indefinite period of time.
- Only the LLC has the right to register Membership Interests, but it is under no obligation to do so.
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