Puerto Rico Value Added Reseller Support Agreement

State:
Multi-State
Control #:
US-13134BG
Format:
Word; 
Rich Text
Instant download

Description

Document is for use in computer, internet and/ or software industries. A legal contract between a manufacturer and specifies the rights and obligations of both parties. Purchases a product from a manufacturer, adds value and then resells product as own.

Puerto Rico Value Added Reseller Support Agreement (VARS) is a contractual agreement between a manufacturer or wholesaler and a reseller based in Puerto Rico. This agreement provides support and assistance to resellers in promoting and selling the manufacturer's products or services. The purpose of the Puerto Rico VARS Agreement is to establish the terms and conditions under which the manufacturer agrees to provide various forms of support to the reseller. This support may include sales and marketing assistance, product training, technical support, access to promotional materials, and other resources that help the reseller effectively represent and sell the manufacturer's products. The Puerto Rico VARS Agreement can be tailored to different types of resellers or specific industries. Some specific types of this agreement may include: 1. Technology Reseller Support Agreement: This type of agreement is designed for resellers specializing in technology products such as software, hardware, or IT services. It outlines the specific support and resources provided by the manufacturer to help the reseller market and sell their technology solutions effectively. 2. Telecom Reseller Support Agreement: This agreement is specific to resellers dealing with telecommunication products or services. It defines the support provided by the manufacturer in terms of product training, customer acquisition strategies, technical assistance, and marketing materials related to the telecom industry. 3. Retail Reseller Support Agreement: Tailored for resellers operating in the retail sector, this agreement outlines the manufacturer's support in areas such as product display, merchandising, co-branding opportunities, and sales training to increase visibility and sales in retail stores. 4. Distribution Reseller Support Agreement: This type of agreement is aimed at resellers who act as distributors for the manufacturer's products. It details the responsibilities and obligations of both parties in terms of inventory management, logistics, order fulfillment, and customer support. Key areas covered in the Puerto Rico VARS Agreement include the duration of the agreement, termination clauses, exclusivity (if any), intellectual property rights, pricing and payment terms, performance metrics, dispute resolution mechanisms, and confidentiality provisions. By entering into a Puerto Rico VARS Agreement, manufacturers can strengthen their sales network and improve market reach in Puerto Rico. Simultaneously, resellers benefit from the manufacturer's support and resources to enhance their sales capabilities, customer satisfaction, and overall profitability.

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FAQ

A software reseller agreement is a legal agreement outlining the rights and responsibilities between the owner of software (the publisher) and a person or business wanting the right to sell or license the software to third parties (the reseller).

Examples of common value-added resellers (also known as VARs) are computer retailers and service companies, automobile dealerships, and furniture stores.

A VAR agreement is a legal contract between a manufacturer and a value-added reseller that specifies the rights and obligations of both parties. A VAR purchases a product from a manufacturer, adds value to that product in some way and then resells the product as its own.

A Value Added Reseller, or VAR, is similar to a reseller, except that it will package your product with others to add value. Instead of reselling your program as a standalone product, a VAR will combine your program with certain other complementary products.

A U.S. company that wishes to do business in Puerto Rico may choose to either form a new subsidiary entity or register an existing company. In order to determine the best option, the company should consult an attorney familiar with tax laws and the company's business activities and structure.

Puerto Rico's Act 75 of June 24, 1964 was enacted to protect Puerto Rican distributors or dealers from arbitrary terminations to a distribution agreement.

added reseller is a firm that enhances the value of thirdparty products by adding customized products or services for resale to endusers.

The VAR is to provide technical support to end users for the integrated product, including the licensor software component. The parties should modify this agreement if the parties agree to different support obligations. The VAR may not sell the integrated products to a government entity.

In addition to a strong legal framework, highly skilled bilingual workforce and outstanding infrastructure, the aggressive tax incentives that Puerto Rico offers, make the island a highly attractive destination to conduct businesses.

Alternatively, businesses organized under the laws of a state of the United States or a foreign country may register to be authorized to conduct business within Puerto Rico as a foreign corporation. These businesses must file with the Puerto Rico State Department a Certificate of Authorization to do Business.

More info

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Puerto Rico Value Added Reseller Support Agreement