Distribution Agreement Template Singapore

one. either declared insolvent, or an application for insolvency is filed on a voluntary basis or a compromise or agreement is reached in favour of creditors in one way or another. Does not meet at least [percentage] per cent of the mutually agreed distribution targets set out in the attached document and forming part of this Agreement. Not to maintain a good reputation in all federal and regional licenses and authorizations necessary to carry out its operations. Changes or are affected by a change in the majority stake in its activities There are several key elements that should be taken into account when designing a distribution contract, namely: This form has been drawn up only for general information purposes. They do not constitute legal advice, advertisements, invitations or tax advice. The transmission of this form and the information it contains is not intended to establish a mandate relationship and its receipt does not constitute a justification for a mandate relationship. They should not, for any purpose, rely on this document or such information without obtaining legal advice from a duly licensed lawyer, including verification and advice under this form, the necessary authorizations in connection with the transactions set out in this form and all securities laws and other legal matters; the operations envisaged in this form or in the transactions provided for in this form. 4. The distributor will do everything in his power to promote the sale and distribution of the products. 20.

The Supplier shall immediately make available to the Distributor all authorizations required by a governmental authority in connection with the sale and distribution of the Products in the Territory, as requested by the Distributor, as long as the Supplier is responsible for obtaining or maintaining such authorizations. 15. The supplier or distributor must inform in writing with the contract its intention to terminate the contract at least [number] months before the date of termination in order to separate the contract without penalty. As a general rule, a well-developed distribution agreement would include: 24. This agreement is the entire agreement between the parties. Neither Party has provided any assurances or promises to the other Party that are not set out in this Agreement. In summary, essential elements are summarized in the period of validity of the contract, the details of the delivery of the product and the sales areas covered by the agreement. It is particularly important to indicate all the details of the delivery of the product, which must be discussed in detail, either in the contract or in an annex. This section should cover contract award, payment, delivery, return, inspection requirements, risk transfer, transfer of ownership and all other relevant details. A distribution agreement could also include a non-competition clause to prevent the distributor from marketing competing products. A confidentiality clause may also be included in order to maintain the confidentiality of certain information provided to the merchant(s). A distribution agreement would also set out the procedure and effect of terminating the distribution agreement.

In this way, the limits of the transaction can be clearly defined if certain provisions regarding the contract termination process and the obligations that the distributor owes after termination….

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