Reseller Agreement between Newbridge Networks Corporation and Millitech Corporation regarding the distribution of wireless product line such as radio frequency, microwave and millimeterwave electronic components and systems dated August 7, 1998. 19
Missouri Reseller Agreement is a legally binding contract between a distributor (reseller) and a manufacturer or supplier of wireless product lines such as Radio Frequency (RF), Microwave, and Millimeter wave Electronic Components. This agreement outlines the terms and conditions under which the reseller can distribute and sell the wireless products in the state of Missouri. The agreement typically includes the following key provisions: 1. Parties: Identifies the parties involved in the agreement, i.e., the reseller and the manufacturer/supplier. 2. Scope of Distribution: Clearly defines the product lines that the reseller is authorized to distribute, specifically mentioning Radio Frequency (RF), Microwave, and Millimeter wave Electronic Components. 3. Territory: Specifies the geographical area in which the reseller is authorized to distribute the products, typically limited to the state of Missouri. 4. Exclusive/Non-Exclusive Rights: States whether the reseller has exclusive or non-exclusive rights to distribute the wireless product line. Exclusive rights mean that no other resellers will be authorized to distribute the same products within the assigned territory. 5. Pricing and Payment Terms: Outlines the pricing structure, including wholesale prices, quantity discounts, and any other applicable fees. Payment terms such as credit period, method, and currency are also specified. 6. Product Orders and Delivery: Defines the process for placing product orders, including lead times, shipping terms, and any relevant delivery conditions. 7. Intellectual Property Rights: Addresses ownership and usage rights related to trademarks, copyrights, patents, and any other intellectual property associated with the products. 8. Marketing and Promotion: Outlines the responsibilities of the reseller in terms of marketing and advertising efforts for the wireless product line, which may include approved marketing materials, trade shows, and online promotion. 9. Termination: States the circumstances under which either party can terminate the agreement, including breach of contract, non-performance, or other valid reasons. It may also stipulate notice periods required for termination. Types of Missouri Reseller Agreements pertaining to the Distribution of Wireless Product Line such as Radio Frequency, Microwave, and Millimeter wave Electronic Components: 1. Non-Exclusive Reseller Agreement: This type of agreement allows the supplier/manufacturer to appoint multiple resellers to distribute their wireless product line within the state of Missouri. The reseller's rights are not exclusive, and other resellers may operate in the same territory. 2. Exclusive Reseller Agreement: In contrast to the non-exclusive agreement, an exclusive reseller agreement grants sole distribution rights to a single reseller within the specified territory. This means that no other resellers will be authorized to distribute the same wireless product line in Missouri. It is essential for both parties to thoroughly review and negotiate the terms of the Missouri Reseller Agreement to protect their respective rights and ensure a successful and mutually beneficial business relationship. Legal counsel should be sought to ensure compliance with Missouri state laws and regulations.
Missouri Reseller Agreement is a legally binding contract between a distributor (reseller) and a manufacturer or supplier of wireless product lines such as Radio Frequency (RF), Microwave, and Millimeter wave Electronic Components. This agreement outlines the terms and conditions under which the reseller can distribute and sell the wireless products in the state of Missouri. The agreement typically includes the following key provisions: 1. Parties: Identifies the parties involved in the agreement, i.e., the reseller and the manufacturer/supplier. 2. Scope of Distribution: Clearly defines the product lines that the reseller is authorized to distribute, specifically mentioning Radio Frequency (RF), Microwave, and Millimeter wave Electronic Components. 3. Territory: Specifies the geographical area in which the reseller is authorized to distribute the products, typically limited to the state of Missouri. 4. Exclusive/Non-Exclusive Rights: States whether the reseller has exclusive or non-exclusive rights to distribute the wireless product line. Exclusive rights mean that no other resellers will be authorized to distribute the same products within the assigned territory. 5. Pricing and Payment Terms: Outlines the pricing structure, including wholesale prices, quantity discounts, and any other applicable fees. Payment terms such as credit period, method, and currency are also specified. 6. Product Orders and Delivery: Defines the process for placing product orders, including lead times, shipping terms, and any relevant delivery conditions. 7. Intellectual Property Rights: Addresses ownership and usage rights related to trademarks, copyrights, patents, and any other intellectual property associated with the products. 8. Marketing and Promotion: Outlines the responsibilities of the reseller in terms of marketing and advertising efforts for the wireless product line, which may include approved marketing materials, trade shows, and online promotion. 9. Termination: States the circumstances under which either party can terminate the agreement, including breach of contract, non-performance, or other valid reasons. It may also stipulate notice periods required for termination. Types of Missouri Reseller Agreements pertaining to the Distribution of Wireless Product Line such as Radio Frequency, Microwave, and Millimeter wave Electronic Components: 1. Non-Exclusive Reseller Agreement: This type of agreement allows the supplier/manufacturer to appoint multiple resellers to distribute their wireless product line within the state of Missouri. The reseller's rights are not exclusive, and other resellers may operate in the same territory. 2. Exclusive Reseller Agreement: In contrast to the non-exclusive agreement, an exclusive reseller agreement grants sole distribution rights to a single reseller within the specified territory. This means that no other resellers will be authorized to distribute the same wireless product line in Missouri. It is essential for both parties to thoroughly review and negotiate the terms of the Missouri Reseller Agreement to protect their respective rights and ensure a successful and mutually beneficial business relationship. Legal counsel should be sought to ensure compliance with Missouri state laws and regulations.