ContractAgreement Remarks • December 2nd, 2017 • Washington
Agreement Remarks This Distribution and Licensing Agreement (the “Agreement”) is made and entered this st day of , 2016 (the “Effective Date”) by and between ., a corporation to be organized and exist under the laws of _ (“Licensor”) and ., a corporation (“Company” and collectively with Licensor, the “Parties” and each, a “Party”). [1] [1] The framework of the license and distribution is critical as well as the State under which the individual companies were formed. This must be kept in mind throughout the various provisions of the agreement.Specifying the identities of the involved parties ensures that all parties know Licensor and Company (Licensee). This allows for the parties to verify who owns the claimed invention (licensor) and who intends to commercialize the claimed invention (licensee). An alternative to the term “Company” could be “Licensee.” W I T N E S S E T H: WHEREAS, Licensor is engaged, inter alia, in the development, licensing, and distribution of certain Products, as
ContractAgreement Remarks • October 29th, 2017
Agreement Remarks 1 PARTIES1.1 COMPANY, Inc., a company duly registered in the State of *****, The United States of America, and having an address of *******************, referred to herein as “COMPANY” and , a company duly registered under the laws of with its address at , below referred to as the “Distributor,” hereby Agree on (the “Effective Date”), as follows.[1, 2] [1] A distribution agreement generally sets forth the responsibilities between a supplier of goods and a distributor of goods. This agreement is an exclusive distribution agreement drafted in favor of the supplier of consumer goods.[2] This is a modern style of opening. Many attorneys find this style more direct and natural to introduce the operative terms of the agreement. It is important to properly list the party names. 2 BACKGROUND[3]2.1 COMPANY sells certain consumer products and is seeking ways of generating sales of these products in the Target Market (defined below).2.2 Distributor desires to sell COMPANY’s prod
