Common use of Finances and Personnel Clause in Contracts

Finances and Personnel. Distributor shall, at its sole cost, expense, and risk: (i) employ on its own behalf an appropriate number of specialized, trained, and qualified sales personnel whose main function shall be the promotion and sale of the Product in the Territory; and (ii) maintain a suitable organization for the promotion and sale of the Products in the Territory pursuant to Distributor’s obligations hereunder.

Appears in 4 contracts

Samples: Distribution Agreement (Micrus Corp), Distribution Agreement (Micrus Endovascular Corp), Distribution Agreement (Micrus Endovascular Corp)

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Finances and Personnel. Distributor shall, at its sole cost, expense, and risk: (i) employ on its own behalf an appropriate number of specialized, trained, and qualified sales personnel whose main function shall be the promotion and sale of the Product in the Territory; and (ii) maintain a suitable organization for the promotion and sale of the Products in the Territory pursuant to Distributor’s obligations hereunder. Notwithstanding the foregoing, Micrus agrees to provide sales and marketing support to the extent set forth in a letter agreement to be executed concurrently with this Agreement.

Appears in 1 contract

Samples: Distribution Agreement (Micrus Endovascular Corp)

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