Distributor Agreement
Category: 270 Legal Recent Posts, Distributor
Purpose of this Agreement
[Universal Tracking Solutions] and [Distributor] agree that [Distributor] will act as an authorized reseller for [Universal Tracking Solutions] developed Products according to the following terms and conditions:
1. Appointment & Territory
[Universal Tracking Solutions] appoints [Distributor] as an authorized, reseller in the U.S. for [Universal Tracking Solutions] Products listed in Exhibit A during the term of this Agreement.
2. Price & Terms
2.1 [Distributor] will purchase [Universal Tracking Solutions] Products at the prices, terms and conditions defined in Exhibit B, which prices [Universal Tracking Solutions] may change at any time upon written notice to [Distributor] . In the event of a price increase,xxx may cancel any unshipped or shipped orders by notice of [Universal Tracking Solutions] within ten (10) Days) of receipt of notice of the price increase.
2.2 In the event of a price decrease, [Universal Tracking Solutions] will credit [Distributor] for all unsold Products shipped to [Distributor] within thirty (30) Days prior to such price decrease, by crediting [Distributor] with the amount equal to the difference between the price at which such Products were sold to [Distributor] . [Distributor] will supply [Universal Tracking Solutions] with documentation confirming the quantity of unsold Products and the prices paid for the same and provided that [Universal Tracking Solutions] will have the right to audit during normal business hours the accuracy of such documentation. Orders received by [Universal Tracking Solutions] after the effective date of a price change will be billed at the new price.
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