A distributor is someone who purchases stock from a seller and resells it.
Having a clear distribution agreement can go a long way towards avoiding a dispute occurring.
An Effective Distribution Agreement Needs To:
- Be clear on what territory the distributor can sell the goods in
- Deal with issues of ownership and risk
- Deal with ownership of intellectual property in the goods and the right to use it
- Establish the way the price will be determined and the payment terms
Senior Partner & Head of Dispute Resolution & Insolvency