A Kentucky International Value Added Reseller Agreement is a legally binding contract made between a manufacturer or supplier (referred to as the "Principal") and a reseller (referred to as the "Value Added Reseller" or VAR) located in Kentucky, United States. This agreement outlines the terms and conditions under which the VAR can sell and distribute the Principal's products or services in the international market. Keywords: Kentucky, International, Value Added Reseller Agreement, VAR, manufacturer, supplier, reseller, products, services, distribution. Different types of Kentucky International Value Added Reseller Agreements may include: 1. Exclusive VAR Agreement: This type of agreement grants the VAR exclusive rights to sell and distribute the Principal's products or services in a specific international geographical region. The VAR becomes the sole representative of the Principal in that region, preventing other resellers from directly competing. 2. Non-exclusive VAR Agreement: In this agreement, the VAR is given the non-exclusive rights to sell and distribute the Principal's products or services in the international market. The Principal can appoint multiple Vars for different regions, allowing for wider market reach and avoiding an exclusive commitment. 3. Product-specific VAR Agreement: This agreement focuses on a specific product or range of products offered by the Principal. The VAR is authorized to distribute and sell only those specific products, ensuring specialization and expertise in that particular industry or product line. 4. Service-specific VAR Agreement: Similar to the product-specific VAR Agreement, this type focuses on a specific service or range of services offered by the Principal. The VAR is given the authority to promote, sell, and provide support for those particular services, allowing for specialization and enhanced service delivery. 5. Duration-based VAR Agreement: This agreement specifies a fixed duration for the VAR's authorized distribution and selling rights. It may be a short-term agreement, such as one year, or a long-term agreement, such as five years. The duration can be renewed or extended based on the mutual agreement of both parties. In conclusion, a Kentucky International Value Added Reseller Agreement is a contractual arrangement that empowers a reseller located in Kentucky to sell and distribute a manufacturer's products or services internationally. The different types of agreements vary based on exclusivity, product or service focus, and duration.
Kentucky International Value Added Reseller Agreement
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How to fill out Kentucky International Value Added Reseller Agreement?
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FAQ
A reseller agreement (also known as a reseller contract or resale contract) is a type of agreement where a party authorizes another party to sell its products and services to third parties or end-users.
There are some general sections and information that any reseller agreement should contain:Agreement and effective dates.Names and relationships of parties.Appointment of reseller.Purchase orders.Accepting, modifying, rejecting, and canceling purchase orders.More items...
added reseller is a company that enhances another company's products by adding valuable features or services to those products. Because they have added value to thirdparty products, valueadded resellers can then resell those products at a higher price.
A reseller agreement (also known as a reseller contract or resale contract) is a type of agreement where a party authorizes another party to sell its products and services to third parties or end-users.
A reseller is generally less closely associated with the manufacturer, and sometimes does not have a direct relationship with the manufacturer as it generally buys products from distributors. Resellers usually do not keep inventory of product or provide after-sale services.
An agreement between a software supplier and a value-added reseller of that supplier's products, drafted from the supplier's point of view and makes provision for a EULA or other mandatory flow down of supplier terms to end users.
The VAR is to provide technical support to end users for the integrated product, including the licensor software component. The parties should modify this agreement if the parties agree to different support obligations. The VAR may not sell the integrated products to a government entity.
A VAR agreement is a legal contract between a manufacturer and a value-added reseller that specifies the rights and obligations of both parties. A VAR purchases a product from a manufacturer, adds value to that product in some way and then resells the product as its own.
The crucial terms the agreement should cover include:Provider and reseller rights and obligations.Intellectual property ownership.The type of agreementexclusive or non-exclusive.Payment terms and renewals.Applicable laws.Software updates and maintenance.Performance requirements for exclusive agreements.More items...?
A reseller agreement can mean something different depending on who you ask. Typically, these are agreements where a vendor contracts with a reseller to allow them to sell the vendor's product or services to a third-party. There is the potential for misunderstandings if the wrong terms are included in the agreement.