Exclusive Manufacturing Agreement
Description
How to fill out Exclusive Agreement Between Employer And Broker To Secure Group Insurance?
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FAQ
Exclusive Manufacturing Rights means any and all rights, on an exclusive basis and with the right to sublicense, to make, have made, and manufacture the Licensed Product in the Exclusive Territory.
A contract manufacturing agreement is a legal document that outlines the terms and conditions of a company's relationship with contract manufacturer. Contract manufacturing is a form of outsouricng used by businesses to produce products to sell to their customers.
For a contract manufacturing agreement to become legally binding it will need to include an offer of work, acceptance by all parties, the intent to create a legal relationship, and consideration (the transaction of currency or goods).
An original equipment manufacturer, OEM, agreement is used by a company that takes components of products from one or more companies in order to build one product which it then sells under its own brand and company name.
An exclusivity agreement is a legal contract between two parties that restricts one party (the "licensee"), usually an inventor, from selling its product to a certain purchaser (usually the other party) for a designated period of time.