A distribution agreement is a legal document which is made by and between a supplier of goods and a distributer of goods for a specified period of time which is known as the term of the agreement. These agreements are formally drafted and must be well detailed. Any distribution agreement is considered as one of the most commonly used legal document.
Distribution agreements consist of several parts. The first part must have the commencement date of the agreements and the total time period for which the agreement shall last. The second part contains the details of the involved parties such as their names, addresses ,phone numbers, email addresses etc… The details about the goods being distributed must also be mentioned in the agreement.
The most important part of a distribution agreement is the part where the clauses or terms and conditions are mentioned. This part must be elaborately drafted as these terms and conditions are enforceable under law and hence must be detailed.
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