Minnesota Value Added Reseller Agreement

• Category: Technology - Resellers
• State: Multi-State
• Control #: US-13133BG
• Format: Word; Rich Text

Description

Legal contract between a manufacturer & a value-added reseller that specifies the rights & obligations of both parties. VAR purchases product from manufacturer, adds value to product then resells as its own. A Minnesota Value Added Reseller (VAR) Agreement is a legally binding contract between a manufacturer or developer of a product and a reseller based in Minnesota who adds value to the product before selling it. In this agreement, the manufacturer authorizes the reseller to sell their product after enhancing its value through various means. The VAR generally provides additional services such as customization, installation, technical support, training, or integration with other products. This added value distinguishes the reseller from a traditional retailer. The content of a Minnesota VAR Agreement typically includes: 1. Parties Involved: The agreement identifies the manufacturer and the Minnesota-based reseller, highlighting their legal names, addresses, and contact information. 2. Product Description: It outlines the specific products covered by the agreement, including their specifications, features, and any limitations. 3. Authorized Territories and Customers: The agreement defines the geographical areas where the reseller can sell the products and specifies the target customers, such as end-users, businesses, or government entities. 4. Value Added Services: This section details the specific services provided by the reseller to enhance the product's value. It can include customization, integration, maintenance, technical support, training, consultation, or managed services. 5. Pricing and Payment Terms: The agreement addresses pricing, payment terms, and any applicable fees or royalties. It may outline the profit margin for the reseller and the method of calculating it. 6. Marketing and Promotion: This section covers the rights and obligations of both parties regarding marketing activities. It may include the manufacturer's requirements for branding, advertising, and use of trademarks. 7. Intellectual Property Rights: The agreement clarifies the ownership of intellectual property rights related to the product, including patents, copyrights, and trademarks. It specifies any licensing arrangements or restrictions. 8. Term and Termination: It stipulates the duration of the agreement and the conditions for termination, such as breaches, bankruptcy, or mutual agreement. It may also include provisions for post-termination obligations. 9. Confidentiality and Non-Compete: Both parties agree to maintain the confidentiality of sensitive information shared during the collaboration and may include a non-compete clause to protect the manufacturer's market interests. 10. Dispute Resolution: This section outlines the procedures for resolving any disputes, whether through negotiation, mediation, or arbitration, and indicates the jurisdiction governing the agreement. Some specific types of Minnesota VAR Agreements include: 1. Software VAR Agreement: Pertains to the resale of software products and may include customization, installation, training, and ongoing support services. 2. Hardware VAR Agreement: Focused on the reselling of hardware products, such as computer equipment, networking devices, or specialized electronic devices, with value-added services like configuration, installation, or maintenance. 3. Services VAR Agreement: Deals with the resale of services provided by a third-party vendor, including consulting, managed services, or cloud-based offerings. 4. OEM VAR Agreement: Establishes a relationship between an Original Equipment Manufacturer (OEM) and a reseller who enhances the OEM's product value before selling it to end-users. These are just a few examples of Minnesota VAR Agreements, and the nature of the agreement may vary depending on the industry, product type, and desired level of value addition.

A Minnesota Value Added Reseller (VAR) Agreement is a legally binding contract between a manufacturer or developer of a product and a reseller based in Minnesota who adds value to the product before selling it. In this agreement, the manufacturer authorizes the reseller to sell their product after enhancing its value through various means. The VAR generally provides additional services such as customization, installation, technical support, training, or integration with other products. This added value distinguishes the reseller from a traditional retailer. The content of a Minnesota VAR Agreement typically includes: 1. Parties Involved: The agreement identifies the manufacturer and the Minnesota-based reseller, highlighting their legal names, addresses, and contact information. 2. Product Description: It outlines the specific products covered by the agreement, including their specifications, features, and any limitations. 3. Authorized Territories and Customers: The agreement defines the geographical areas where the reseller can sell the products and specifies the target customers, such as end-users, businesses, or government entities. 4. Value Added Services: This section details the specific services provided by the reseller to enhance the product's value. It can include customization, integration, maintenance, technical support, training, consultation, or managed services. 5. Pricing and Payment Terms: The agreement addresses pricing, payment terms, and any applicable fees or royalties. It may outline the profit margin for the reseller and the method of calculating it. 6. Marketing and Promotion: This section covers the rights and obligations of both parties regarding marketing activities. It may include the manufacturer's requirements for branding, advertising, and use of trademarks. 7. Intellectual Property Rights: The agreement clarifies the ownership of intellectual property rights related to the product, including patents, copyrights, and trademarks. It specifies any licensing arrangements or restrictions. 8. Term and Termination: It stipulates the duration of the agreement and the conditions for termination, such as breaches, bankruptcy, or mutual agreement. It may also include provisions for post-termination obligations. 9. Confidentiality and Non-Compete: Both parties agree to maintain the confidentiality of sensitive information shared during the collaboration and may include a non-compete clause to protect the manufacturer's market interests. 10. Dispute Resolution: This section outlines the procedures for resolving any disputes, whether through negotiation, mediation, or arbitration, and indicates the jurisdiction governing the agreement. Some specific types of Minnesota VAR Agreements include: 1. Software VAR Agreement: Pertains to the resale of software products and may include customization, installation, training, and ongoing support services. 2. Hardware VAR Agreement: Focused on the reselling of hardware products, such as computer equipment, networking devices, or specialized electronic devices, with value-added services like configuration, installation, or maintenance. 3. Services VAR Agreement: Deals with the resale of services provided by a third-party vendor, including consulting, managed services, or cloud-based offerings. 4. OEM VAR Agreement: Establishes a relationship between an Original Equipment Manufacturer (OEM) and a reseller who enhances the OEM's product value before selling it to end-users. These are just a few examples of Minnesota VAR Agreements, and the nature of the agreement may vary depending on the industry, product type, and desired level of value addition.