I need to create a legal contract between my company and a factory, to obtain the distribution rights of their products in certain territories.
Main Elements to be highlighted in the contract:
1- The contract is between 2 Parties. 1st party “Factory X”, 2nd party “Company Y Marketing and Distribution”
2- “Factory X” is the owner of the products
3- “Company Y Marketing and Distribution” is the distributer
4- Assigned Location/territory: Both Companies are located in Hungary. Franchise exclusive rights territory is: United Arab Emirates, Saudi Arabia, Kuwait, Qatar, Oman, Iraq, Jordan, Egypt, Morocco, and Israel.
5- Duration: 1 Year. Renewed automatically unless stated to be terminated by a three months notice by one of the parties.
6- Profit distribution: 1st party 80%, 2nd party 20%
7- Operations: 1st party: produces, pack, and prepare to ship products. 2nd party: signing distribution contracts with clients, marketing, distribution, shipping.
Sure, we should have other legal information added to the contract, those will be discussed later based on your previous experience.
Bu iş için 29 freelancer ortalamada €138 teklif veriyor
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