Wake North Carolina Reseller Agreement regarding appointment of nonexclusive reseller of products

• Category: Corporations - Public - Resellers
• State: Multi-State
• County: Wake
• Control #: US-EG-9404
• Format: Word; Rich Text

Description

Efficient Networks Reseller Agreement between Efficient Networks, Inc. and Cabletron Systems, Inc., Fire Acquisition Corporation and Flowpoint Corporation, Inc. regarding appointment of non-exclusive reseller of products dated November 21, 1999. 23 A Wake North Carolina Reseller Agreement is a legal contract between a company (the supplier) and an independent party (the reseller) residing or conducting business in Wake, North Carolina. This agreement grants the reseller the right to promote, market, and sell the supplier's products within a specified territory or market segment. The agreement focuses on the appointment of the reseller as a nonexclusive distributor, meaning the same products may be sold by the supplier itself or other resellers. The Wake North Carolina Reseller Agreement outlines the terms and conditions that both parties must adhere to throughout the business relationship. It typically includes provisions regarding: 1. Appointment and Territory: Defines the geographic area or market segment where the reseller is authorized to sell the supplier's products. This ensures exclusivity within the designated territory. 2. Nonexclusivity: Clarifies that the appointment as a reseller is nonexclusive, allowing the supplier to appoint other resellers within Wake, North Carolina. 3. Scope of Rights and Obligations: Specifies the reseller's ability to purchase, advertise, promote, and sell the products while adhering to the supplier's policies, standards, and guidelines. 4. Pricing and Payment Terms: Outlines the prices, discounts, and payment terms established between the supplier and the reseller. This section may include provisions related to minimum order quantities, credit terms, and invoicing procedures. 5. Sales Targets and Performance: Sets performance expectations for the reseller, such as sales targets, market penetration goals, and marketing support requirements. 6. Intellectual Property Rights: States that all intellectual property rights related to the products, including trademarks and copyrights, remain with the supplier. The reseller may be granted limited rights to use the supplier's trademarks for promotional purposes. 7. Marketing and Advertising: Specifies the reseller's responsibilities for marketing and advertising efforts, including compliance with local laws and regulations. 8. Confidentiality: Imposes obligations on the reseller to maintain the confidentiality of the supplier's proprietary information, trade secrets, and any other confidential materials shared during the course of the agreement. 9. Warranty and Support: Addresses the supplier's responsibility for providing warranties, technical support, and warranty-related claims to the reseller's customers. 10. Termination and Dispute Resolution: Outlines the circumstances under which either party may terminate the agreement, as well as the procedures for dispute resolution, such as mediation or arbitration. It's important to note that while this description covers the key elements commonly found in a Wake North Carolina Reseller Agreement, specific agreements may vary based on the nature of the products, industry, and individual negotiations between the parties.

A Wake North Carolina Reseller Agreement is a legal contract between a company (the supplier) and an independent party (the reseller) residing or conducting business in Wake, North Carolina. This agreement grants the reseller the right to promote, market, and sell the supplier's products within a specified territory or market segment. The agreement focuses on the appointment of the reseller as a nonexclusive distributor, meaning the same products may be sold by the supplier itself or other resellers. The Wake North Carolina Reseller Agreement outlines the terms and conditions that both parties must adhere to throughout the business relationship. It typically includes provisions regarding: 1. Appointment and Territory: Defines the geographic area or market segment where the reseller is authorized to sell the supplier's products. This ensures exclusivity within the designated territory. 2. Nonexclusivity: Clarifies that the appointment as a reseller is nonexclusive, allowing the supplier to appoint other resellers within Wake, North Carolina. 3. Scope of Rights and Obligations: Specifies the reseller's ability to purchase, advertise, promote, and sell the products while adhering to the supplier's policies, standards, and guidelines. 4. Pricing and Payment Terms: Outlines the prices, discounts, and payment terms established between the supplier and the reseller. This section may include provisions related to minimum order quantities, credit terms, and invoicing procedures. 5. Sales Targets and Performance: Sets performance expectations for the reseller, such as sales targets, market penetration goals, and marketing support requirements. 6. Intellectual Property Rights: States that all intellectual property rights related to the products, including trademarks and copyrights, remain with the supplier. The reseller may be granted limited rights to use the supplier's trademarks for promotional purposes. 7. Marketing and Advertising: Specifies the reseller's responsibilities for marketing and advertising efforts, including compliance with local laws and regulations. 8. Confidentiality: Imposes obligations on the reseller to maintain the confidentiality of the supplier's proprietary information, trade secrets, and any other confidential materials shared during the course of the agreement. 9. Warranty and Support: Addresses the supplier's responsibility for providing warranties, technical support, and warranty-related claims to the reseller's customers. 10. Termination and Dispute Resolution: Outlines the circumstances under which either party may terminate the agreement, as well as the procedures for dispute resolution, such as mediation or arbitration. It's important to note that while this description covers the key elements commonly found in a Wake North Carolina Reseller Agreement, specific agreements may vary based on the nature of the products, industry, and individual negotiations between the parties.