Common Contracts
1 similar Exclusive Distributor Agreement contracts
ContractExclusive Distributor Agreement • September 7th, 2016
SeniorLed Limited Exclusive Distributor The exclusive distributor agreement is concluded for a fix term of a year. Based on the different levels of a target countries’/regions’ population, a sales target is set to guarantee the mutual benefit of both parties. An amount of 1% of the sales target has to be given as a deposit to make sure the goal(s) are achieved. The supplier will refund the deposit by 1% of goods' value from every order's amount, until the deposit is completely returned to the distributor. 1. If the distributor can achieve the goal within a year, the exclusive distribution agreement can be automatically extended by another year without any written notification. 2. If the distributor cannot achieve the goal(s) within one year, the supplier reserves the right to continue the exclusive agreement or not. But in order to cover the loss of the market share for the supplier, the remaining deposit will not be refunded immediately, whether or not the exclusive distribution is re
