- Distributor
- A company or individual that purchases products from a manufacturer and resells them to retailers or end customers, typically within a defined territory.
- Exclusivity
- A contractual right granting one distributor the sole authority to sell specified products within a defined territory or channel, preventing the supplier from appointing competing distributors there.
- Territory
- The geographic area, market segment, or sales channel within which a distributor is authorized to sell the supplier's products.
- Minimum Purchase Commitment
- The lowest quantity or dollar value of products a distributor agrees to purchase within a defined period, typically used to justify exclusivity or preferential pricing.
- Meeting Minutes
- A written record of the topics discussed, decisions reached, and action items assigned during a business meeting — often the basis for a follow-up confirmation letter.
- Letter of Intent (LOI)
- A preliminary document outlining the key terms two parties intend to include in a forthcoming formal agreement, typically non-binding except for confidentiality and exclusivity provisions.
- Binding Confirmation
- A signed document that creates enforceable obligations between parties by recording agreed terms, even before a full contract is executed.
- Pricing Schedule
- A document or attachment listing the unit prices, volume discount tiers, and applicable currencies for each product or SKU being distributed.
- Force Majeure
- A clause excusing a party from performance obligations when extraordinary events beyond their control — such as natural disasters or government restrictions — prevent fulfilment.
- Governing Law
- The jurisdiction whose laws will be used to interpret and enforce the agreement in the event of a dispute.
- Counterpart Execution
- A provision allowing two parties to sign separate identical copies of the same document, each of which is treated as an original, enabling remote or asynchronous signing.