This form is used by a vendor and company or individual to set forth the terms and conditions under which the company and/or individual may resell vendor services.
This form is used by a vendor and company or individual to set forth the terms and conditions under which the company and/or individual may resell vendor services.
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A reseller agreement typically refers to an arrangement between someone supplying goods (often known as the wholesaler) and another party selling the goods to a third party or the general public (the reseller). Under a reseller agreement, the reseller agrees to sell the products on behalf of the wholesaler.
Reseller's obligations ? Responsibilities of the reseller, such as marketing efforts, sales targets, customer support, and compliance with the principal's policies.
What does a reseller do? Conducting merchandising and promotion for products. Handling inventory storage and distribution of products to final consumers. Educating customers on how to use the product or service. Providing customer support and addressing issues users have with their purchase.
Key Takeaways There are several key differences between an agency agreement and a reseller agreement. Under an agency agreement, the agent enters into the contract with the customer on behalf of the principal. Whereas, under a reseller agreement, the contract is between the reseller and the customer.
Resale is sale of property previously purchased. In the commercial context, the reseller commonly purchases the property from a manufacturer or wholesaler with the intent to resell the property for a profit.
What should a Reseller Agreement template cover? Responsibilities of each party. ... Delivery requirements. ... Payment terms. ... Intellectual property rights. ... Consequences of a breach of contract. ... Dispute resolution processes. ... Data protection and processing conditions. ... Terms for future contracts.
What is a Software Reseller Agreement? A software reseller agreement is a legal agreement that outlines the rights and responsibilities between an owner of the software, publisher, person, or business or a reseller that wants the rights to sell or license the software to a third party.
Reseller Agreements should specify the details of the product or service delivery. Both parties should have a mutual understanding of the delivery terms, including the timelines, delivery responsibilities, delivery location, and method.