Wholesaling Contract With Nike

State:
Multi-State
Control #:
US-01753BG
Format:
Word; 
Rich Text
Instant download

Description

The wholesaling contract with Nike is a Distributorship Agreement designed to formalize the relationship between a Distributor and Nike as the Wholesaler. This contract grants the Distributor a nonexclusive right to purchase, inventory, promote, and resell Nike's products, which include a range of service parts and accessories. Key features of the contract encompass detailed terms of sale, rights granted to both parties, product coverage, and financial responsibilities. The contract emphasizes the marketing and merchandising policies the Distributor must follow, ensuring they maintain adequate inventory and adhere to approved promotional strategies. Specific use cases for attorneys, partners, owners, associates, paralegals, and legal assistants include facilitating negotiations for the distribution of Nike products, ensuring compliance with sales and inventory regulations, and protecting the interests of both parties in case of disputes or disagreements. Filling and editing instructions are straightforward, requiring all parties to provide their names, addresses, and relevant information, along with any terms that may need adjustment or negotiation. Overall, this contract is essential for establishing a professional and legally binding framework for both the Distributor and Nike, enabling a mutually beneficial business relationship.
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  • Preview Distributorship Agreement with Wholesaler
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FAQ

Nike didn't make its billions alone. Most of its sales have come from selling to wholesale partners such as department stores, mom-and-pop shops, sporting goods specialists, and all the thousands of retail businesses Nike has long relied on to distribute its products to shoppers.

Each Contract Year, NIKE shall receive: (i) fifty (50) tickets (i.e., 46 tickets in addition to NIKE's 4 season tickets) to one mutually agreed upon football game; (ii) twenty-five (25) tickets (i.e., 17 tickets in addition to NIKE's 8 season tickets) to one mutually agreed upon men's basketball game.

The total value of the Nike deal, not including incentives, is $46.45 million over six years, an average of $7.7 million per year, according to the contract.

Nike Stock: Analyzing 5 Key Suppliers (NKE)Pou Chen Corporation.PT Pan Brothers.Fulgent Sun Group.Delta Galil Industries.Eagle Nice Intl. Holdings.

Becoming an Authorized Nike RetailerYour business must obtain appropriate local business licensing.You must be operating out of a storefront. This means you must have a public brick-and-mortar store location that customers access from the street.Nike also wants its retail store owners to have a passion for sports.

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Wholesaling Contract With Nike