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Distribution Agreement
Under a Distribution Agreement a distributor buys goods from the manufacturer and re-sells them on his own account. The Definitions Clause of an agreement is usually found at the beginning. It specifies the ways terms are to be understood in the agreement. Match the following definitions to their descriptions.
DEFINITIONS 1.1 In this Agreement the following expressions shall have the following meanings: (1) 'the Products' (4) 'the Non-Exclusive Territory' (2) 'the Trade Mark' (5) 'the Commencement Date' (3) 'the Territory' (6) 'the Term' 1.2 In addition the following interpretations shall apply: (7) - the singular shall include the plural and vice versa (8) - persons shall include corporations, firms and organizations and vice versa (9) - any gender shall include all genders (10) - reference to sales and the selling of the Product to customers of the Distributor shall be deemed to include any lease or hire purchase of the same
Franchise Agreement A franchise is the granting by an individual (the franchisor) to another individual (the franchisee) of the right to run a business in the name of the franchisor. Examples include Body Shop and McDonalds. Some franchises are exclusive, in other words, no other franchise may be granted in that area. Where the franchise is exclusive the franchisors will want to ensure uniformity with other franchises so that the reputation of the business is not damaged by one particular franchisee. Accordingly, Franchise Agreements tend to be broadly non-negotiable. Read through Clause 5 on the obligations of the franchisor and then answer the True/False questions below.
Date: 2015-01-12; view: 2402
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