Buyback agreements regulate the terms of the acquisition of shares of their own by a shareholder, investor or employee. Use this model for the exchange agreement to outline the processes, responsibilities and insurance related to the withdrawal of shares from the company. Exclusive resale rights in the territory are granted to the dealer for the duration of the contract. goal. The objective of this agreement is to present certain agreements reached by the parties with respect to the conditions that must be agreed between the company and the reseller in a reseller agreement. The company provides the dealer with a free (1) demo unit that can be used for customer presentations, demos and other marketing activities of this type. The unit remains the property of the company, but is available for the duration of the contract for exclusive use by the dealer. This Memorandum of Understanding (“Memorandum of Understanding” or “MOU”) is established and concluded from [DATE EFFECTIVE] (date of effect), between [RESELLER] (“reseller”), with an address under [RESELLER ADDRESS], and [COMPANY] (“Company”) with an address under [COMPANY ADDRESS]). This Memorandum of Understanding establishes the parties` understanding of the designation of the reseller and this Memorandum of Understanding expires months after the former Der [NUMBER OF MONTHS] comes into force, unless it is renewed by written amendment or by a written agreement of succession regarding the purpose of this agreement. The term of the contract is at least two (2) years without the company being terminated for convenience and is automatically renewed for one (1) additional year.
The contract may only be terminated by the company at the end of the initial term or an extension period after ninety (90) days after written notification. PandaTip: A Memorandum of Understanding does not, as a rule, constitute a legal obligation for the parties concerned. It is a formalized handshake or method of documenting negotiations in a faithful constitution or certain agreements expected in an agreement being drafted by the parties. This Memorandum of Understanding assumes a future reseller or product distribution contract. Exclusivity in the territory depends on the reseller maintaining a minimum sales volume of 15 units in the first year and 15 units in subsequent years, provided that the company fulfills all obligations under the agreement that may affect the dealer`s ability to achieve those volumes. With respect to a reseller agreement, the following minimum conditions apply: in order to guarantee an internationally recognized neutral right and jurisdiction, the re-sale agreement is governed by state law [STATE] in the United States and the parties submit to the exclusive jurisdiction and jurisdiction of [COUNTY], [STATE]. I understand. With respect to the reseller agreement, the parties presented the agreements they entered into under this agreement: With respect to establishing a business relationship between the parties, in which the reseller would sell products in [the territory] (the “territory”), and the parties negotiating a reseller agreement, the parties wish to present their current understanding and certain agreements regarding that relationship. For the duration of the agreement more than 12 months after the expiry or termination of the agreement, the entity and any related entity or person (without the dealer`s consent) will not initiate, solicit, negotiate, contract or contract, contract, contract or directly or indirectly enter commercial transactions, agreements or commitments with a third-party customer identified or imported by the reseller.