Rhode Island Well craft Master Dealer Agreement is a legally binding agreement between Well craft, a leading marine manufacturer, and a selected dealer in Rhode Island. This agreement outlines the terms and conditions under which the dealer can distribute and sell Well craft marine products within Rhode Island. The Rhode Island Well craft Master Dealer Agreement establishes a comprehensive framework for the relationship between Well craft and the dealer. It covers various aspects such as obligations, rights, and responsibilities of both parties, and the terms of sale, delivery, and warranty. It also defines the territory in which the dealer can operate and sell Well craft products, ensuring that there is no overlap or competition among dealers in Rhode Island. Key elements commonly found in Rhode Island Well craft Master Dealer Agreement include: 1. Appointment and Territory: The agreement specifies the authorized dealership for Rhode Island and designates the exclusive territory in which the dealer can conduct business. This ensures that the dealer has sole rights to distribute Well craft products within the defined area. 2. Dealer Obligations: The agreement outlines the dealer's responsibilities, which may include maintaining an adequate inventory, providing demonstrative models for potential customers, and promoting Well craft products professionally. 3. Intellectual Property and Trademarks: It is important for Well craft to protect its brand image and trademarks. The agreement specifies the dealer's obligations regarding the proper use and display of Well craft's intellectual property and trademarks. 4. Sales Targets and Performance: The agreement may include certain sales targets or performance metrics that the dealer needs to achieve within a specific timeframe. This ensures that the dealer actively promotes and sells Well craft products to maintain a successful business relationship. 5. Pricing and Payment: Clear guidelines are established regarding product pricing and payment terms. The agreement may include details on wholesale pricing, minimum advertised prices, and any additional fees or discounts that apply to the dealer. 6. Delivery, Warranty, and After-sales Support: The agreement defines the terms related to product delivery, warranty coverage, and customer support. It helps in ensuring that the dealer can assist customers and handle any warranty claims efficiently. It is worth noting that while "Rhode Island Well craft Master Dealer Agreement" is a specific term, there may be variations tailored to different types of dealership agreements based on dealers' specialization, geographical coverage, or other factors. However, the key elements mentioned above generally apply to all Well craft Master Dealer Agreements in Rhode Island.