Alaska Value Added Reseller Agreement, also known as VAR Agreement, is a mutually beneficial contractual agreement between a company or distributor (the "Vendor") and a third-party reseller (the "Value Added Reseller" or VAR). This agreement allows the VAR to resell the Vendor's products or services after incorporating additional value-added services or enhancements. The Alaska Value Added Reseller Agreement outlines the rights, responsibilities, and obligations of both parties involved. This legally binding document is designed to protect the interests of both the Vendor and the VAR and sets the terms and conditions for their business relationship. Some key elements commonly found in an Alaska VAR Agreement include: 1. Product Resale: The agreement specifies the products or services the VAR is authorized to resell. It may also define any limitations or exclusions on selling specific items or product lines. 2. Value-added Services: The agreement may outline the additional services, modifications, or customizations the VAR is allowed to perform on the Vendor's products before resale. This can include software integration, technical support, training, or any unique services that provide added value to the customer. 3. Intellectual Property Rights: The VAR Agreement specifies the intellectual property rights associated with the Vendor's products. It outlines how trademarks, copyrights, and other proprietary materials should be used and protected by the VAR during the course of their resale activities. 4. Pricing and Payment Terms: The agreement typically covers pricing structures, payment terms, and any discounts or incentives offered to the VAR. It may also include provisions for revenue sharing or commission structures based on sales performance. 5. Territory and Sales Targets: The agreement may define a specific territory or geographic region where the VAR is authorized to sell the Vendor's products. It may also include sales targets or performance goals that the VAR needs to meet to maintain the agreement. 6. Term and Termination: The VAR Agreement outlines the duration of the agreement and the terms for termination, including circumstances that may warrant termination by either party. It may also define the process for renewing the agreement upon its expiration. Different types of Value Added Reseller Agreements in Alaska may vary based on the specific industry or products involved. Some examples include Software VAR Agreements, IT Hardware VAR Agreements, Telecom VAR Agreements, and Manufacturing VAR Agreements. Each of these agreements will have specific terms and conditions tailored to the unique requirements of their respective industries. In summary, an Alaska Value Added Reseller Agreement is a contract that allows a VAR to resell a Vendor's products or services after adding value through customized services or enhancements. It ensures a clear understanding of the rights, responsibilities, and obligations of both parties involved in the business relationship.