This form is used by a vendor and company or individual to set forth the terms and conditions under which the company and/or individual may resell vendor services.
Oregon Web Based Services Reseller Agreement
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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.
In the reseller model of software sales, the reseller licenses software from the software developer and then sells it under its own brand. When you're a reseller, you have more freedom when it comes to pricing, you can choose your own client price structure to earn significant recurring revenue.
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.
A software reseller agreement is a legal agreement that outlines the rights and responsibilities between an owner of the software, publisher, person, or business or a reseller that wants the rights to sell or license the software to a third party.
A software reseller is a company that either sells a white-label SaaS product or licenses software from a vendor to resell it as its own. A software reseller agreement is primarily an intellectual property licensing agreement.
The legally binding agreement outlines the respective responsibilities of each party, including product pricing, quantity limits, and sales strategies. It also sets limits on how much control each party has over marketing activities related to the product and sales process.
While most of them earn money through revenue share, the profit largely comes from selling the products at higher rates. Since resellers purchase the goods at wholesale prices, their earnings can be quite high.