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Asset Distribution Agreement
"I need an Asset Distribution Agreement for appointing an exclusive distributor in Singapore and Malaysia for our medical devices, with specific performance targets and regulatory compliance requirements to be met by March 2025."
1. Parties: Identifies and defines all parties to the agreement, including their legal status and registered addresses
2. Background/Recitals: Sets out the context and commercial intent of the agreement
3. Definitions and Interpretation: Defines key terms used tHRoughout the agreement and establishes interpretation rules
4. Appointment and Territory: Establishes the distributor's appointment and defines the geographical territory
5. Distribution Rights and Obligations: Details the core rights granted and obligations imposed on the distributor
6. Supply Terms: Covers ordering process, delivery terms, and pricing mechanisms
7. Payment Terms: Specifies payment conditions, currency, and payment methods
8. Term and Termination: Sets out duration of agreement and termination provisions
9. Governing Law and Jurisdiction: Specifies Singapore law as governing law and jurisdiction for disputes
1. Performance Targets: Minimum performance requirements and sales levels that the distributor must achieve
2. Marketing and Promotion: Marketing obligations, requirements and commitments for promoting the products
3. Training Requirements: Training obligations and requirements for distributor's staff, particularly relevant for technical products
4. After-Sales Service: Post-sale support requirements and obligations for maintenance and customer support
5. Non-Compete Provisions: Restrictions on competing activities, typically used in exclusive distribution arrangements
1. Products Schedule: Detailed list of products covered by the agreement
2. Territory Schedule: Detailed description of geographical territory
3. Price List: Current prices and discount structures
4. Performance Targets Schedule: Detailed minimum performance requirements
5. Technical Specifications: Product specifications and technical requirements
6. Service Level Requirements: Detailed service level obligations
7. Trademark Usage Guidelines: Rules for using supplier's trademarks
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