A North Dakota Value Added Reseller (VAR) Agreement refers to a contractual arrangement between a manufacturer or software vendor and a reseller based in North Dakota. This agreement outlines the terms and conditions under which the reseller can distribute, market, and sell the manufacturer's products or services. It is designed to establish a mutually beneficial relationship and promote the growth of both parties' businesses. Key components and clauses commonly found in a North Dakota VAR Agreement may include: 1. License and Use of Products: This section details the specific products or services that the reseller is authorized to sell, including any limitations or restrictions imposed by the manufacturer. 2. Territory: Defines the geographic area within North Dakota where the reseller is allowed to market and distribute the products. 3. Pricing and Payment: Outlines the pricing structure, payment terms, and any discounts or incentives applicable to the reseller. It may also include provisions for revenue sharing or commission-based compensation. 4. Marketing and Promotion: Describes the marketing efforts expected from the reseller, including advertising, promotional campaigns, and trade show participation. It may also address co-marketing opportunities between the manufacturer and the reseller. 5. Support and Training: Specifies the manufacturer's responsibilities regarding providing training, technical support, and maintenance to the reseller and their customers. 6. Intellectual Property Rights: Establishes the ownership and protection of intellectual property related to the products, including trademarks, copyrights, and patents. 7. Term and Termination: Defines the duration of the agreement and the conditions under which either party can terminate it — such as breach of contract, bankruptcy, or mutual agreement. 8. Confidentiality: Obliges both parties to keep any proprietary business information exchanged during the course of the agreement confidential. 9. Dispute Resolution: Provides guidelines for resolving any disputes or disagreements that may arise during the course of the agreement, including arbitration or mediation procedures. Different types of North Dakota Value Added Reseller Agreements may exist based on the nature of the products or services being sold, the target market, or specific industry requirements. Examples include software VAR agreements, hardware VAR agreements, telecommunications VAR agreements, and IT services VAR agreements. Each type of agreement would be tailored to the specific industry and the unique needs of the manufacturer and reseller involved.