Reseller Agreement - Effective date is specific date
Reseller Agreement - Effective date is specific date
(The capitalized terms used in this agreement, in addition to those above, are defined in
section "DEFINITIONS".)
1 Appointment of Reseller
4 Delivery of Products
4.1 Delivery
___________________________________ shall, at no expense to
____________________________________, deliver each order of Products to
____________________________________
1. on the Delivery Date and to the location specified in the applicable Purchase
Order,
2. using any delivery method the parties agree to in writing.
5 Product Materials
6.2 Acceptance
If in ____________________________________'s opinion the Products satisfy the
specifications of the applicable Purchase Order,
____________________________________ shall accept the Products and notify
___________________________________ that it is accepting them.
7 Changes to Products
___________________________________ may discontinue or modify the Products,
modify the Product specifications, or replace the Products with similar
___________________________________ or third party products, except that
___________________________________ may not discontinue, modify, or replace
Products that are subject to an accepted and outstanding Purchase Order, unless
required by Law.
8 Price
8.2 Discount
____________________________________'s "Discount" is #DISCOUNT PERCENTAGE#
percent, which will be applied to ___________________________________'s list price of
each unit of each Product at the time ____________________________________ places
its order.
10 Taxes
Payment amounts under this agreement do not include taxes, and
___________________________________ shall pay all Taxes applicable to payments
between the parties under this agreement.
12 Term
This agreement will commence on the Effective Date, and will continue for
#TERM PERIOD#
months/years unless terminated earlier (the "Term").
13 Representations
15 No Other Warranties
15.1 "As-Is"
Unless otherwise listed in this agreement, Products are provided "as is," with all
faults, defects, bugs, and errors.
15.2 No Warranty
Unless otherwise listed in this agreement,
1. ___________________________________ does not make any warranty regarding
the Products, which includes that
2. ___________________________________ disclaims to the [fullest] extent
authorized by Law any and all [other] warranties, whether express or implied,
including any implied warranties of [title, non-infringement, quiet enjoyment,
integration,] merchantability or fitness for a particular purpose.
16 Intellectual Property
Except for rights expressly granted under this agreement,
1. nothing in this agreement will function to transfer any of either party's
Intellectual Property rights to the other party, and
2. each party will retain exclusive interest in and ownership of its Intellectual
Property developed before this agreement or developed outside the scope of
this agreement.
17 Reseller Responsibilities
17.1 Marketing
1. Maintain Records and Reports. For [three] years after the expiration or
termination of this agreement, ____________________________________ shall
maintain records of its marketing, sales, and support and maintenance
services under this agreement.
2. Reports to ___________________________________. On
___________________________________'s reasonable request,
____________________________________ shall provide
___________________________________ with reports describing its sales of
Product in the Territory, including the number of Product sold, the dates and
serial numbers of the Product sold, and remaining inventory on hand.
17.5 Cooperation
____________________________________ shall work closely with
___________________________________ and use reasonable efforts to meet the
mutually agreed-upon sales goals.
18 License Grants
21 Confidentiality Obligations
The parties shall continue to be bound by the terms of the non-disclosure
agreement between the parties, dated #DATE# and attached to this agreement on
#ATTACHMENT#.
22 Publicity
22.1 Consent
Neither party will use the other party's name, logo, or trademarks, or issue any
press release or public announcement regarding this agreement, without the other
party's written consent, unless specifically permitted under this agreement or
required by Law.
22.2 Cooperation
The parties shall cooperate to draft all appropriate press releases and other public
announcements relating to the subject matter of this agreement and the
relationship between the parties.
23.3 Corrections
If either party's audit reveals errors or discrepancies in the other party's Books and
Records, the other party shall promptly correct the error or discrepancy, including
refunding any over-payments or making up any under-payments.
24 Termination on Notice
___________________________________ may terminate this agreement for any reason
on #TERMINATION NOTICE PERIOD# Business Days’ notice to
____________________________________.
25 Effect of Termination
26 Indemnification
26.4 Exclusions
Neither party will be required to indemnify the other against losses to the extent the
other party acted unlawfully, negligently, or intentionally to cause those losses.
26.6 Defense
The indemnifying party may elect to defend the indemnified party in the proceeding
by giving prompt written notice after receiving notice of the proceeding.
27 Limitation on Liability
28 Definitions
"Books and Records" means all books and records, including books of account,
ledgers and general, financial and accounting records, machinery and equipment
maintenance files, lists of parties to and prospects for franchise agreements,
supplier lists, production data, quality control records and procedures, customer
complaints, inquiry files, research, development files, records, data (including all
correspondence with any Governmental Authority), sales material and records
(including pricing history and sales and pricing policies and practices), strategic
plans, marketing and promotional surveys, and material, research, and files relating
to Intellectual Property.
"Business Day" means a day other than a Saturday, a Sunday, or any other day on
which the principal banks located in New York, New York are not open for business.
"Disclosure Schedule" means the schedules delivered, before the execution of this
agreement, by each party to the other party which list, among other things, items
the disclosure of which is necessary or appropriate either in response to an express
disclosure requirement contained in a provision of this agreement or as an
exception to one or more of the representations or warranties made by the party, or
to one or more of the covenants of the party.
"Encumbrances" means any pledges, liens, charges, security interests, leases, title
retention agreements, mortgages, restrictions, developments or similar
agreements, easements, rights-of-way, title defects, options, adverse claims, or
encumbrances of any kind.
"Intellectual Property" means any and all of the following in any jurisdiction
throughout the world
1. trademarks and service marks, including all applications and registrations,
and the goodwill connected with the use of and symbolized by the foregoing,
2. copyrights, including all applications and registrations related to the
foregoing,
3. trade secrets and confidential know-how,
4. patents and patent applications,
5. websites and internet domain name registrations, and
6. other intellectual property and related proprietary rights, interests and
protections (including all rights to sue and recover and retain damages, costs
and attorneys' fees for past, present, and future infringement, and any other
rights relating to any of the foregoing).
"Law" means
1. any law (including the common law), statute, bylaw, rule, regulation, order,
ordinance, treaty, decree, judgment, and
2. any official directive, protocol, code, guideline, notice, approval, order,
policy, or other requirement of any Governmental Authority having the force
of law.
"Legal Proceeding" means any claim, investigation, hearing, legal action, or other
legal, administrative, arbitral, or similar proceeding, whether civil or criminal
(including any appeal or review of any of the foregoing).
"Person" includes
1. any corporation, company, limited liability company, partnership,
Governmental Authority, joint venture, fund, trust, association, syndicate,
organization, or other entity or group of persons, whether incorporated or
not, and
2. any individual.
"Taxes" includes all taxes, assessments, charges, duties, fees, levies, and other
charges of a Governmental Authority, including income, franchise, capital stock,
real property, personal property, tangible, withholding, employment, payroll, social
security, social contribution, unemployment compensation, disability, transfer,
sales, use, excise, gross receipts, value-added and all other taxes of any kind for
which a party may have any liability imposed by any Governmental Authority,
whether disputed or not, any related charges, interest or penalties imposed by any
Governmental Authority, and any liability for any other person as a transferee or
successor by Law, contract or otherwise.
29 Entire Agreement
The parties intend that this agreement, together with all attachments, schedules,
exhibits, and other documents that both are referenced in this agreement and refer
to this agreement,
1. represent the final expression of the parties' intent relating to the subject
matter of this agreement,
2. contain all the terms the parties agreed to relating to the subject matter, and
3. replace all of the parties' previous discussions, understandings, and
agreements relating to the subject matter of this agreement.
30 Counterparts
1. Signed in Counterparts. This agreement may be signed in any number of
counterparts.
2. All Counterparts Original. Each counterpart is an original.
3. Counterparts Form One Document. Together, all counterparts form one
single document.
31 Amendment
This agreement can be amended only by a writing signed by both parties.
32.1 No Relationship
Nothing in this agreement creates any special relationship between the parties,
such as a partnership, joint venture, or employee/employer relationship between
the parties.
32.2 No Authority
Neither party will have the authority to, and will not, act as agent for or on behalf of
the other party or represent or bind the other party in any manner.
33 Assignment
Neither party may assign this agreement or any of their rights or obligations under
this agreement without the other party's written consent.
34 Notices
1. Method of Notice. The parties shall give all notices and communications
between the parties in writing by (i) personal delivery, (ii) a nationally-
recognized, next-day courier service, (iii) first-class registered or certified
mail, postage prepaid[, (iv) fax][, or (v) electronic mail] to the party's address
specified in this agreement, or to the address that a party has notified to be
that party's address for the purposes of this section.
2. Receipt of Notice. A notice given under this agreement will be effective on
a. the other party's receipt of it, or
b. if mailed, the earlier of the other party's receipt of it and the [fifth]
business day after mailing it.
35 Dispute Resolution
1. Arbitration. Any dispute or controversy arising out of this agreement and
"SUBJECT MATTER OF THE AGREEMENT" will be settled by arbitration in
#STATE#, according to the rules of the American Arbitration Association then
in effect, and by #NUMBER OF ARBITRATORS# arbitrator(s).
2. Judgment. Judgment may be entered on the arbitrator's award in any court
having jurisdiction.
3. Arbitrator's Authority. The arbitrator will not have the power to award any
punitive [or consequential] damages.
36 Governing Law
This agreement shall be governed, construed, and enforced in accordance with the
laws of the State of
__________________________________________________________________________________________
, without regard to its conflict of laws rules.
37 Waiver
1. Affirmative Waivers. Neither party's failure or neglect to enforce any rights
under this agreement will be deemed to be a waiver of that party's rights.
2. Written Waivers. A waiver or extension is only effective if it is in writing and
signed by the party granting it.
3. No General Waivers. A party's failure or neglect to enforce any of its rights
under this agreement will not be deemed to be a waiver of that or any other
of its rights.
4. No Course of Dealing. No single or partial exercise of any right or remedy
will preclude any other or further exercise of any right or remedy.
38 Force Majeure
A party shall not be liable for any failure of or delay in the performance of this
agreement for the period that such failure or delay is
1. beyond the reasonable control of a party,
2. materially affects the performance of any of its obligations under this
agreement, and
3. could not reasonably have been foreseen or provided against, but
4. will not be excused for failure or delay resulting from only general economic
conditions or other general market effects.
39 Severability
If any part of this agreement is declared unenforceable or invalid, the remainder will
continue to be valid and enforceable.
40 Interpretation
1. References to Specific Terms
a. Accounting Principles. Unless otherwise specified, where the
character or amount of any asset or liability, item of revenue, or
expense is required to be determined, or any consolidation or other
accounting computation is required to be made, that determination or
calculation will be made in accordance with the generally accepted
accounting principles defined by the professional accounting industry
in effect in the United States ("GAAP").
b. Currency. Unless otherwise specified, all dollar amounts expressed in
this agreement refer to American currency.
c. "Including." Where this agreement uses the word "including," it
means "including without limitation," and where it uses the word
"includes," it means "includes without limitation."
d. "Knowledge." Where any representation, warranty, or other
statement in this agreement, or in any other document entered into or
delivered under this agreement,] is expressed by a party to be "to its
knowledge," or is otherwise expressed to be limited in scope to facts or
matters known to the party or of which the party is aware, it means:
i. the then-current, actual knowledge of the directors and officers
of that party, and
ii. the knowledge that would or should have come to the attention
of any of them had they investigated the facts related to that
statement and made reasonable inquiries of other individuals
reasonably likely to have knowledge of facts related to that
statement.
e. Statutes, etc. Unless specified otherwise, any reference in this
agreement to a statute includes the rules, regulations, and policies
made under that statute and any provision that amends, supplements,
supersedes, or replaces that statute or those rules or policies.
2. Number and Gender. Unless the context requires otherwise, words
importing the singular number include the plural and vice versa; words
importing gender include all genders.
3. Headings. The headings used in this agreement and its division into
sections, schedules, exhibits, appendices, and other subdivisions do not
affect its interpretation.
4. Internal References. References in this agreement to sections and other
subdivisions are to those parts of this agreement.
5. Calculation of Time. In this agreement, a period of days begins on the first
day after the event that began the period and ends at 5:00 p.m.
________________ Time on the last day of the period. If any period of time is
to expire, or any action or event is to occur, on a day that is not a Business
Day, the period expires, or the action or event is considered to occur, at 5:00
p.m. ________________ Time on the next Business Day.
6. Construction of Terms. The parties have each participated in settling the
terms of this agreement. Any rule of legal interpretation to the effect that any
ambiguity is to be resolved against the drafting party will not apply in
interpreting this agreement.
7. Conflict of Terms. If there is any inconsistency between the terms of this
agreement and those in any schedule to this agreement or in any document
entered into under this agreement, the terms of [this agreement/
#SPECIFIED AGREEMENTS#
] will prevail. The parties shall take all necessary steps to
conform the inconsistent terms to the terms of [this agreement /
#SPECIFIED AGREEMENTS#
.
41 Binding Effect
This [agreement/plan] will benefit and bind the parties and their respective heirs,
successors, and permitted assigns.
_____________________________________ ____________________________________
Full Name: Full Name:
Title: Title:
Date: Date:
Signature: Signature: