Kentucky Reseller Agreement regarding appointment of nonexclusive reseller of products

• Category: Corporations - Public - Resellers
• State: Multi-State
• Control #: US-EG-9404
• Format: Word; Rich Text

Description

Efficient Networks Reseller Agreement between Efficient Networks, Inc. and Cabletron Systems, Inc., Fire Acquisition Corporation and Flowpoint Corporation, Inc. regarding appointment of non-exclusive reseller of products dated November 21, 1999. 23 The Kentucky Reseller Agreement is a legal document that outlines the terms and conditions of appointing a nonexclusive reseller for the distribution and sale of products within the state of Kentucky. This agreement establishes a mutually beneficial relationship between the product manufacturer or supplier (referred to as the "Principal") and the appointed reseller (referred to as the "Reseller"). The purpose of a Kentucky Reseller Agreement is to define the rights and obligations of both parties involved, ensuring a clear understanding of their roles and responsibilities. It typically includes key provisions such as: 1. Appointment: This section specifies that the Principal appoints the Reseller as a nonexclusive distributor for the designated products within Kentucky. The agreement will list the product(s) that the Reseller is authorized to distribute. 2. Nonexclusive License: The Reseller Agreement grants the Reseller a nonexclusive license to sell the Principal's products in the defined geographical area. This means that the Principal can appoint multiple resellers within Kentucky. 3. Territory: The agreement outlines the territory within Kentucky in which the Reseller is authorized to sell the products. It may be specified as a specific city, county, or region. 4. Reseller's Responsibilities: This section details the Reseller's obligations, including marketing and promoting the products, maintaining appropriate inventory levels, providing customer support, and adhering to the Principal's branding and quality standards. 5. Pricing and Payment: The agreement states the pricing and payment terms between the Principal and Reseller. It covers aspects such as wholesale prices, discounts, payment terms, and any additional charges or fees. 6. Term and Termination: The Reseller Agreement specifies the duration of the agreement, including the starting and ending dates, as well as the conditions under which either party can terminate the agreement. It may include provisions for termination due to breach of contract or non-performance. 7. Intellectual Property: This section addresses the protection of the Principal's intellectual property, including trademarks, patents, copyrights, and any other proprietary information associated with the products. 8. Confidentiality: Both parties agree to maintain the confidentiality of any proprietary or sensitive information shared during the course of the agreement. 9. Governing Law and Jurisdiction: The Reseller Agreement is governed by the laws of the state of Kentucky. It may specify the jurisdiction where any disputes arising from the agreement will be resolved. There may be variations of the Kentucky Reseller Agreement depending on the specific industry or product involved. For instance, there could be tailored agreements for software resellers, automotive parts resellers, or wholesale clothing resellers. These variations would contain industry-specific terms and conditions relevant to the respective products or services.

The Kentucky Reseller Agreement is a legal document that outlines the terms and conditions of appointing a nonexclusive reseller for the distribution and sale of products within the state of Kentucky. This agreement establishes a mutually beneficial relationship between the product manufacturer or supplier (referred to as the "Principal") and the appointed reseller (referred to as the "Reseller"). The purpose of a Kentucky Reseller Agreement is to define the rights and obligations of both parties involved, ensuring a clear understanding of their roles and responsibilities. It typically includes key provisions such as: 1. Appointment: This section specifies that the Principal appoints the Reseller as a nonexclusive distributor for the designated products within Kentucky. The agreement will list the product(s) that the Reseller is authorized to distribute. 2. Nonexclusive License: The Reseller Agreement grants the Reseller a nonexclusive license to sell the Principal's products in the defined geographical area. This means that the Principal can appoint multiple resellers within Kentucky. 3. Territory: The agreement outlines the territory within Kentucky in which the Reseller is authorized to sell the products. It may be specified as a specific city, county, or region. 4. Reseller's Responsibilities: This section details the Reseller's obligations, including marketing and promoting the products, maintaining appropriate inventory levels, providing customer support, and adhering to the Principal's branding and quality standards. 5. Pricing and Payment: The agreement states the pricing and payment terms between the Principal and Reseller. It covers aspects such as wholesale prices, discounts, payment terms, and any additional charges or fees. 6. Term and Termination: The Reseller Agreement specifies the duration of the agreement, including the starting and ending dates, as well as the conditions under which either party can terminate the agreement. It may include provisions for termination due to breach of contract or non-performance. 7. Intellectual Property: This section addresses the protection of the Principal's intellectual property, including trademarks, patents, copyrights, and any other proprietary information associated with the products. 8. Confidentiality: Both parties agree to maintain the confidentiality of any proprietary or sensitive information shared during the course of the agreement. 9. Governing Law and Jurisdiction: The Reseller Agreement is governed by the laws of the state of Kentucky. It may specify the jurisdiction where any disputes arising from the agreement will be resolved. There may be variations of the Kentucky Reseller Agreement depending on the specific industry or product involved. For instance, there could be tailored agreements for software resellers, automotive parts resellers, or wholesale clothing resellers. These variations would contain industry-specific terms and conditions relevant to the respective products or services.