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Product Partnership Agreement
"I need a Product Partnership Agreement for a software company entering into an exclusive partnership with a distributor in the UK, including revenue sharing terms and performance targets, to commence from March 2025."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Partnership Scope: Details of products covered and nature of partnership
5. Term and Termination: Duration and termination provisions
6. Financial Terms: Pricing, payment terms, and revenue sharing
7. Obligations and Responsibilities: Duties of each party
8. Intellectual Property: IP ownership and licensing terms
9. Confidentiality: Protection of confidential information and trade secrets
10. Representations and Warranties: Statements of fact and promises made by the parties
11. Liability and Indemnification: Allocation of risks and responsibilities for damages
12. Force Majeure: Provisions for unforeseen circumstances preventing performance
13. Governing Law and Jurisdiction: Applicable law and dispute resolution mechanisms
1. Marketing and Promotion: Terms for joint marketing activities and brand usage
2. Territory: Geographic scope of partnership and territorial restrictions
3. Minimum Performance Requirements: Performance targets, metrics, and consequences of non-achievement
4. Training and Support: Terms for product training, technical support, and ongoing assistance
5. Data Protection: Compliance with GDPR and data protection regulations
6. Insurance: Required insurance coverage and limits
7. Change Control: Procedures for making changes to the agreement or products
1. Product Specifications: Detailed description of products covered under the agreement
2. Pricing Schedule: Detailed pricing structure, discounts, and payment terms
3. Service Level Agreement: Performance metrics, service standards, and remedies
4. Marketing Guidelines: Brand usage rules and marketing requirements
5. Territory Map: Geographic boundaries and exclusivity zones of partnership
6. Contact Details: Key personnel, escalation paths, and communication protocols
7. Quality Standards: Product quality requirements and testing procedures
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