Blog Does the UCC apply to distribution agreements?

Does the UCC apply to distribution agreements?

Does the UCC apply to distribution agreements?

A federal body of law referred to as the Uniform Commercial Code (UCC) may be applied to certain distribution agreements, although such law was enacted to primarily regulate the sale of B2B and B2C goods.

What happens at the end of a franchise agreement?

No matter the type of franchise, once the franchise agreement is terminated and the franchisee walks away, the franchisee will be subject to post-termination non-competition covenants which will preclude the franchisee from then establishing a competing business.

What is the purpose of a license agreement?

A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company.

What are the terms of a distributor agreement?

Subject to the terms and conditions of this Distributor Agreement, Company hereby appoints and grants Distributor the exclusive right to sell and distribute the Products to customers located in the Territory (the “Customers”) and to render other services as a distributor for Company as set forth herein.

How is the purchase price listed in a distribution agreement?

Any inquiries received by Supplier about Products in the Territory shall be directed to Distributor. The purchase price for the Products (“Purchase Price”) shall be clearly listed on the invoice sent to Distributor per each Product shipment and shall be negotiated by the Parties prior to the first shipment to Distributor.

What are the rights in a distribution agreement?

Distributor hereby acknowledges and agrees that its only rights with respect to the Product are the rights specifically outlined in this Agreement and that any and all other rights regarding the Product are specifically reserved to Supplier. Supplier will exercise its best efforts to fulfill Distributor’s orders for the Products.

Can a company appoint a distributor as its exclusive distributor?

Company desires to appoint Distributor as its exclusive distributor of the Products in the Territory, and Distributor desires such appointment subject to the terms and conditions set forth in this Agreement, including any exhibits or schedules attached hereto.