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A distribution agreement is a legal contract between a manufacturer or supplier and a distributor outlining the terms and conditions of the distribution of products. This agreement typically includes details such as the rights and obligations of each party, territory restrictions, pricing, payment terms, product liability, and other relevant provisions related to the distribution arrangement. It serves to define the relationship and responsibilities between the manufacturer and the distributor.
A distribution agreement is vital for your business as it establishes terms for the sale and distribution of your products. It outlines the responsibilities of both parties, sets pricing and payment terms, and helps prevent misunderstandings, providing a clear framework for a successful distribution partnership.
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