Puerto Rico Nonexclusive International Software Value Added Reseller Agreement is a legal contract between a software vendor and a reseller located in Puerto Rico. This agreement allows the reseller to market, distribute, and sell the vendor's software products in Puerto Rico, while adding value to the software through additional services or features. Key terms and provisions typically included in this agreement are: 1. Nonexclusive Agreement: This agreement grants the reseller a nonexclusive right to sell the vendor's software products, meaning that the vendor can still appoint other resellers or sell the software directly. 2. Territory: The agreement specifies that the reseller is authorized to operate and sell the software within the geographic boundaries of Puerto Rico only. 3. Sales and Marketing Obligations: The reseller is responsible for promoting and marketing the software to potential customers in Puerto Rico. They may also be required to meet specific sales targets or quotas set by the vendor. 4. Intellectual Property Rights: The agreement addresses ownership and protection of intellectual property rights regarding the software. It establishes that the software vendor retains all ownership and copyrights of the software. 5. Product Pricing and Payment Terms: The agreement outlines the pricing structure, payment terms, and any applicable taxes or fees. It may include details on revenue sharing, royalties, or commissions for the reseller. 6. Support and Maintenance Services: The agreement may require the reseller to provide technical support, maintenance, and training services to the end-users of the software. 7. Confidentiality and Non-disclosure: Both parties are bound to maintain the confidentiality of any proprietary or sensitive information shared during the course of the agreement. Different types of Puerto Rico Nonexclusive International Software Value Added Reseller Agreements can vary based on the specifics of the software being sold, the duration of the agreement, and the scope of the value-added services. Examples include: 1. Software-specific Reseller Agreement: This type of agreement focuses on the resale of a particular software product or suite of products from a single vendor. 2. Managed Services Agreement: In addition to reselling the software, this agreement includes provisions for the reseller to offer ongoing managed services such as system integration, customization, or technical support. 3. Vertical Market Reseller Agreement: This agreement targets a specific industry or market segment and allows the reseller to sell and customize the software to meet the unique needs of that industry. 4. OEM or Private Label Agreement: This type of agreement enables the reseller to rebrand the vendor's software as their own and sell it under their own brand name, often with additional customizations. 5. Master Reseller Agreement: This agreement establishes that the reseller has the right to further appoint sub-resellers within Puerto Rico, enabling them to expand their sales reach. In conclusion, a Puerto Rico Nonexclusive International Software Value Added Reseller Agreement is a contractual arrangement allowing a reseller in Puerto Rico to sell a software vendor's products while adding value through additional services. The different types of agreements may focus on specific software, include managed services, target vertical markets, provide private labeling options, or establish master reseller relationships.
Puerto Rico Nonexclusive International Software Value Added Reseller Agreement
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A VAR, or value-added reseller, is a business entity that adds features or services to an existing third-party product and then resells the same as an integrated customized product to the end-user or consumer.
What to Include In A Distributorship Agreement?Exclusive Distributor.Terms And Conditions Of Sale.Pricing.Term Of The Agreement.Marketing rights.Trademark licensing.The geographical territory covered by the agreement.Performance.More items...
A reseller is a type of channel partner that acts as an intermediary between companies that make, distribute or provide IT products or services and end customers, which may be businesses or consumers.
exclusive product reseller agreement between a supplier and a reseller, drafted in the supplier's favour. This Standard Document includes key obligations of both parties, the supplier's intellectual property (IP) rights and commonly used warranty and indemnification provisions.
Examples of common value-added resellers (also known as VARs) are computer retailers and service companies, automobile dealerships, and furniture stores.
added reseller is a firm that enhances the value of thirdparty products by adding customized products or services for resale to endusers.
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).
A reseller agreement is an arrangement between the supplier and the reseller of goods or services that is ultimately sold to the end customer. The supplier in discussion can be a manufacturer or a wholesaler; the reseller on the other hand sells the solution to the end customer on behalf of the supplier.
Value-added resellers are businesses that sell products manufactured by other companies in addition to selling their own supplemental products and services, thereby increasing the value of the resold product purchased by the consumer.
There are some general sections and information that any reseller agreement should contain:Agreement and effective dates.Names and relationships of parties.Appointment of reseller.Purchase orders.Accepting, modifying, rejecting, and canceling purchase orders.More items...