Agreement between E.C. Net Manufacturing, LLC and Ichargeit.Com, Inc. regarding joint venture of fulfillment and distribution center and pricing and revenue of shipments
Understanding this form
This agreement outlines the terms of a joint venture between E.C. Net Manufacturing, LLC and IChargeit.com, Inc., focused on a fulfillment and distribution center. The document specifies the initiatives related to warehousing, staffing, pricing, and revenue sharing for shipments. Unlike standard business agreements, this form addresses specific operational aspects between the two companies, making it essential for formalizing their partnership.
Main sections of this form
- Initiatives: Details of the joint venture for a fulfillment and distribution center, including warehousing and staffing responsibilities.
- Pricing Structure: How pricing for shipments will be calculated based on weight and dimensions.
- Revenue Sharing: Specifies the split of revenues exceeding the base price, delineating a 50/50 split between the parties.
- Stock Issuance: Terms regarding the issuance of shares from ICI to EC for covering operational costs.
- Approval for Marketing: Guidelines on how ICI can use the center's address and release marketing materials, requiring EC's approval.
When this form is needed
This form should be used when E.C. Net Manufacturing, LLC and IChargeit.com, Inc. are entering into a formal partnership for a joint venture involving a fulfillment and distribution center. It is also applicable when the parties need to establish clear pricing and revenue-sharing structures for their operations and when stock agreements are involved to ensure investment stability.
Who needs this form
This agreement is intended for:
- Business owners and executives of E.C. Net Manufacturing, LLC.
- Business owners and executives of IChargeit.com, Inc.
- Legal representatives involved in the formation of joint ventures.
- Parties seeking to outline specific operational terms in a business relationship.
Instructions for completing this form
- Identify the parties involved: Ensure that the full names of E.C. Net Manufacturing, LLC and IChargeit.com, Inc. are correctly stated.
- Define the initiatives: Clearly outline the responsibilities for warehousing and distribution as agreed upon by both parties.
- Specify the pricing method: Detail how shipping prices will be calculated based on dimensions and weight.
- Document the revenue-sharing agreement: State the terms for splitting revenues above the base price.
- Finalize stock agreements: Indicate the number of shares to be issued and any restrictions that apply.
- Obtain signatures: Ensure that authorized representatives from both parties sign the document to enforce its terms.
Is notarization required?
Notarization is not commonly needed for this form. However, certain documents or local rules may make it necessary. Our notarization service, powered by Notarize, allows you to finalize it securely online anytime, day or night.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Avoid these common issues
- Failing to clearly define responsibilities for warehousing and staffing.
- Not properly calculating the pricing structure, leading to disputes.
- Omitting key revenue-sharing details which can create financial misunderstandings.
- Ignoring the requirement for signatures from both parties.
- Using incorrect names or business designations for the parties involved.
Benefits of using this form online
- Convenient access to legal templates allows for quick and efficient preparation of agreements.
- Editable formats enable customization to meet specific business needs.
- Reliability of professionally drafted forms by licensed attorneys ensures legal soundness.
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FAQ
Distribution centers tend to ship from business to business or to fulfillment centers, which means you will have a limited ability to ship directly to your customers. In addition, they offer less frequent shipping times and are dependent on certain volumes being shipped at once rather than individual orders.
You have two warehouse options to choose from - fulfillment centers and distribution centers. A distribution center and a fulfillment center both store and ship product. So, the terms are often used interchangeably when talking about logistics and supply chain management.
A distribution center is a specialized hub that deals with the storage and shipping of goods. It's where the distribution of stock gets managed and handled for an organization. At a distribution center, inventory gets stored, order fulfillment dealt with, and shipping managed.
Supply chains typically have both distribution and fulfillment centers. The distribution center is a transit hub for goods as they change the modality of transport. By contrast, the fulfillment center holds products before they are shipped off to customers.
Supply chains typically have both distribution and fulfillment centers. The distribution center is a transit hub for goods as they change the modality of transport. By contrast, the fulfillment center holds products before they are shipped off to customers.
The main role of a warehouse is simply to store inventory, while a fulfillment center is designed to enhance the customer experience around the process of ordering and having products delivered on time.
Warehousing companies simply store products to be used at a later date, while fulfillment centers house products briefly, pick and pack orders, and make sure they get into the hands of your customers in a timely matter.