A distribution agreement is a commercial agreement between a supplier of goods and a distributor of goods. The supplier can be a manufacturer or reseller of the products. As a starting point, international distribution agreements usually include details about the specific products and the territory covered by the contract. There are different models of international distribution agreements concluded by different companies and organizations, the purpose of which is to facilitate negotiations and agreements between suppliers and distributors. On the Website of International Contracts you will find a model, balanced and compliant with the regulations for the distribution of products in certain countries, especially in the European Union. If your company is considering entering into an international distribution agreement, it is important that you ask for professional advice. About NanosysNanosys, Inc. is a leader in the development and delivery of state-of-the-art heavy metal-free quantum dot technology for the display industry. In 2020, the industry`s leading consumer electronics brands shipped more than 20 million devices, from tablets to monitors to TVs based on Nanosys` proprietary quantum dot technology. Founded in 2001, the company is headquartered in Silicon Valley, California, where it operates the world`s largest quantum dot nanomaterials plant.
Nanosys currently holds or currently holds exclusive licensing rights to more than 470 patents granted and pending worldwide. For more information, see www.nanosysinc.com/. MILPITAS, Calif. and TOKYO, Aug. 3, 2020 /PRNewswire/ — Nanosys Inc. and NAGASE & CO., LTD. announced the start of a global distribution agreement. Under the terms of the agreement, NAGASE is exclusively authorized to distribute Nanosys Quantum Dot materials for various applications worldwide. This agreement gives the trader an advantage by ensuring that there are no competitors in the specified market. The supplier will often use this type of agreement as an argument to conclude a transaction.
An international distribution agreement is essentially a contract that provides a framework for a business relationship between global parties. In order to ensure effective and efficient transactions, an international distribution agreement should be comprehensive. The agreement must also specify the duration of the business relationship. In addition, procedures should be put in place to address issues related to renewal and termination. CONSIDERING that the Supplier wishes to make these products available to the Distributor exclusively for distribution in these countries; A distribution agreement is a commercial agreement between a supplier of goods and a distributor of goods. The supplier can be a manufacturer or reseller of the products. In the modern business world, more and more companies are involved in distribution agreements that cross international borders. According to the World Bank, international trade accounted for nearly one-third of U.S. gross domestic product (GPG) in 2017. Companies that operate this type of cross-border business need well-structured international distribution agreements. Key Clauses of an International Distribution Agreement An international distribution agreement is essentially a contract that provides a framework for a business relationship between global parties. In order to ensure effective and efficient transactions, an international distribution agreement should be comprehensive.
The main clauses that you will usually find in an international distribution agreement include, but are not limited to, products and territories, obligations of the parties, exclusivity provisions, renewal/termination and dispute resolution. .