Hennepin Minnesota Value Added Reseller Agreement

• Category: Technology - Resellers
• State: Multi-State
• County: Hennepin
• Control #: US-13133BG
• Format: Word; Rich Text

Description

Legal contract between a manufacturer & a value-added reseller that specifies the rights & obligations of both parties. VAR purchases product from manufacturer, adds value to product then resells as its own. A Hennepin Minnesota Value Added Reseller Agreement is a legally binding contract between a product manufacturer or service provider (the "Vendor") and a third-party business (the "Reseller") located in Hennepin County, Minnesota. This agreement outlines the terms and conditions under which the Reseller can sell the Vendor's products or services to customers, and it defines the rights, responsibilities, and obligations of both parties. The Hennepin Minnesota Value Added Reseller Agreement typically includes key provisions such as: 1. Grant of Rights: This section grants the Reseller the non-exclusive right to sell the Vendor's products or services within a specific territory or market segment in Hennepin County, Minnesota. 2. Pricing and Payment Terms: It establishes the resale price or pricing structure that the Reseller must adhere to, as well as the payment terms and methods that dictate how the Reseller will be compensated for sales made. 3. Marketing and Promotion: This section outlines the marketing and promotional activities the Reseller is expected to undertake to support the sale of the Vendor's products or services, including any branding or advertising guidelines to be followed. 4. Support and Training: It defines the level of technical support, training, and after-sales service that the Vendor will provide to the Reseller and their customers. This may include product updates, troubleshooting assistance, or warranty administration. 5. Intellectual Property: This clause details the intellectual property rights associated with the Vendor's products or services and highlights any licensing or usage restrictions imposed on the Reseller. 6. Non-Compete and Non-Disclosure: It specifies any non-compete obligations that the Reseller must adhere to, preventing them from selling competing products or services. Additionally, it may outline obligations regarding the confidentiality of proprietary information shared between both parties. 7. Term and Termination: This section outlines the initial duration of the agreement, any renewal terms, and the conditions under which either party can terminate the agreement, including any notice periods or material breach provisions. Types of Hennepin Minnesota Value Added Reseller Agreements may vary depending on the specific industry or nature of the products/services being resold. Some possible variations could include Software Value Added Reseller Agreement, Hardware Value Added Reseller Agreement, Cloud Services Value Added Reseller Agreement, or Telecommunications Value Added Reseller Agreement, among others. Each variant would have tailored clauses specific to the respective industry or market dynamics.

A Hennepin Minnesota Value Added Reseller Agreement is a legally binding contract between a product manufacturer or service provider (the "Vendor") and a third-party business (the "Reseller") located in Hennepin County, Minnesota. This agreement outlines the terms and conditions under which the Reseller can sell the Vendor's products or services to customers, and it defines the rights, responsibilities, and obligations of both parties. The Hennepin Minnesota Value Added Reseller Agreement typically includes key provisions such as: 1. Grant of Rights: This section grants the Reseller the non-exclusive right to sell the Vendor's products or services within a specific territory or market segment in Hennepin County, Minnesota. 2. Pricing and Payment Terms: It establishes the resale price or pricing structure that the Reseller must adhere to, as well as the payment terms and methods that dictate how the Reseller will be compensated for sales made. 3. Marketing and Promotion: This section outlines the marketing and promotional activities the Reseller is expected to undertake to support the sale of the Vendor's products or services, including any branding or advertising guidelines to be followed. 4. Support and Training: It defines the level of technical support, training, and after-sales service that the Vendor will provide to the Reseller and their customers. This may include product updates, troubleshooting assistance, or warranty administration. 5. Intellectual Property: This clause details the intellectual property rights associated with the Vendor's products or services and highlights any licensing or usage restrictions imposed on the Reseller. 6. Non-Compete and Non-Disclosure: It specifies any non-compete obligations that the Reseller must adhere to, preventing them from selling competing products or services. Additionally, it may outline obligations regarding the confidentiality of proprietary information shared between both parties. 7. Term and Termination: This section outlines the initial duration of the agreement, any renewal terms, and the conditions under which either party can terminate the agreement, including any notice periods or material breach provisions. Types of Hennepin Minnesota Value Added Reseller Agreements may vary depending on the specific industry or nature of the products/services being resold. Some possible variations could include Software Value Added Reseller Agreement, Hardware Value Added Reseller Agreement, Cloud Services Value Added Reseller Agreement, or Telecommunications Value Added Reseller Agreement, among others. Each variant would have tailored clauses specific to the respective industry or market dynamics.