Puerto Rico Form - Interactive Distribution License Agreement

State:
Multi-State
Control #:
US-ET0419AM
Format:
Word; 
Rich Text
Instant download

Description

This is a model contract form for use in business settings, an Interactive Distribution License Agreement. Available for download in Word format.
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  • Preview Form - Interactive Distribution License Agreement
  • Preview Form - Interactive Distribution License Agreement
  • Preview Form - Interactive Distribution License Agreement
  • Preview Form - Interactive Distribution License Agreement
  • Preview Form - Interactive Distribution License Agreement
  • Preview Form - Interactive Distribution License Agreement
  • Preview Form - Interactive Distribution License Agreement
  • Preview Form - Interactive Distribution License Agreement
  • Preview Form - Interactive Distribution License Agreement
  • Preview Form - Interactive Distribution License Agreement
  • Preview Form - Interactive Distribution License Agreement

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FAQ

Many multinational corporations have extended their operations to Puerto Rico by appointing local distributors. Consequently, Law 75 enacted on June 24, 1964 aggressively protects local distributors from distribution agreement termination without just cause.

Distribution Law 75 is unique to Puerto Rico; few jurisdictions have enacted similar laws. Law 75 is a patriarchal law that regulates the relationship between principals and on-Island distributors. It creates a complex framework for business and commercial relationships that is unique to Puerto Rico.

Act 75 prohibits termination or non-renewal of a dealer's contract without ?just cause,? regardless of any contract provision permitting termination.

A principal may be surprised to learn that, under Art. 2 of Act 75, it may neither terminate nor refuse to renew a dealership upon its expiration, except for ?just cause?. Failure to have just cause entitles the dealer to recover significant damages and penalties from the principal.

Law 21 prohibits a principal from terminating its agreement with an exclusive sales representative without just cause.

A license and distribution agreement is a legal, written contract between two parties who wish to share the rights to a brand, patent, or trademark.

Act 75 significantly constrains the relationship between a principal and its dealer by turning into a tort the unjustified termination, non-renewal, or impairment of a dealership contract.

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Puerto Rico Form - Interactive Distribution License Agreement