A New York Manufacturer — Reseller Agreement refers to a legally binding contract that establishes the relationship between a manufacturer and a reseller operating in the state of New York. This agreement outlines the terms and conditions under which the manufacturer allows the reseller to sell its products or goods. The agreement typically includes key elements such as the rights and obligations of both parties, pricing and payment terms, delivery and shipping arrangements, intellectual property rights, warranties, limitations of liability, termination clauses, and dispute resolution mechanisms. There are several types of New York Manufacturer — Reseller Agreements, including: 1. Exclusive Reseller Agreement: This type of agreement grants the reseller exclusive rights to sell the manufacturer's products within a specific territory or market segment. The manufacturer agrees not to appoint any other resellers or distributors in the designated area, giving the reseller a competitive advantage. 2. Non-Exclusive Reseller Agreement: In contrast to an exclusive agreement, a non-exclusive agreement allows the manufacturer to appoint multiple resellers or distributors to sell their products. This type of agreement provides the manufacturer with flexibility in expanding its distribution network. 3. Commission-Based Reseller Agreement: This agreement sets forth that the reseller will receive a commission or percentage of the sales generated from selling the manufacturer's products. The commission is usually calculated based on a pre-determined rate or a sliding scale, which may vary depending on the volume or value of products sold. 4. Consignment Reseller Agreement: This agreement allows the manufacturer to provide goods to the reseller on a consignment basis. The reseller only pays for the products once they have been sold to end customers. This type of agreement reduces risk for the reseller, as they don't need to invest in inventory upfront. 5. White Label Reseller Agreement: Under this agreement, the manufacturer allows the reseller to sell the products under their own brand name or label. This arrangement enables the reseller to establish their own brand identity while benefiting from the manufacturer's products and expertise. It is crucial for both the manufacturer and the reseller to carefully review and negotiate the terms of the agreement to ensure clarity, fairness, and protection of their individual interests. Consulting with legal professionals well-versed in New York business laws is highly recommended drafting a comprehensive and enforceable New York Manufacturer — Reseller Agreement tailored to the specific needs of both parties.
New York Manufacturer - Reseller Agreement
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How to fill out New York Manufacturer - Reseller Agreement?
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What should a Reseller Agreement template cover? Responsibilities of each party. ... Delivery requirements. ... Payment terms. ... Intellectual property rights. ... Consequences of a breach of contract. ... Dispute resolution processes. ... Data protection and processing conditions. ... Terms for future contracts.
Hear this out loud PauseA reseller agreement typically refers to an arrangement between someone supplying goods (often known as the wholesaler) and another party selling the goods to a third party or the general public (the reseller). Under a reseller agreement, the reseller agrees to sell the products on behalf of the wholesaler.
Hear this out loud PauseWhile similar to distribution agreements, reseller agreements differ in the way the product reaches the consumer. Unlike distributors, resellers don't purchase and store your product, ready to sell. Instead, they act as a middleman, taking a commission when they sell your product to a customer.
Hear this out loud PauseReseller's obligations ? Responsibilities of the reseller, such as marketing efforts, sales targets, customer support, and compliance with the principal's policies.
Key Takeaways There are several key differences between an agency agreement and a reseller agreement. Under an agency agreement, the agent enters into the contract with the customer on behalf of the principal. Whereas, under a reseller agreement, the contract is between the reseller and the customer.
Contents Defining the scope of the reseller agreement. Outlining the duration of the agreement. Outlining the rights and obligations of the reseller and the customer. Outlining the scope of the reseller's services. Outlining any exclusions. Setting out payment terms. Stating the payment terms.