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    DRAFT Memorandum of Understanding

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    reginalax888
    This Memorandum of Understanding establishes an exclusive business development and master distributor relationship between Company One and Company Two for a period of 6 months. Company Two agrees to investigate the market opportunity for Company One's products in a specified territory, establish customer contacts, and provide regular reports to Company One. Company One agrees to reimburse Company Two for approved direct costs and pay a monthly market development fee. The agreement also entitles Company Two to specified fees on all sales of Company One's products in the territory for a set term, regardless of whether a formal agreement is signed.

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    DRAFT Memorandum of Understanding

    Uploaded by

    reginalax888
    258 views2 pages
    This Memorandum of Understanding establishes an exclusive business development and master distributor relationship between Company One and Company Two for a period of 6 months. Company Two agrees to investigate the market opportunity for Company One's products in a specified territory, establish customer contacts, and provide regular reports to Company One. Company One agrees to reimburse Company Two for approved direct costs and pay a monthly market development fee. The agreement also entitles Company Two to specified fees on all sales of Company One's products in the territory for a set term, regardless of whether a formal agreement is signed.

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    This Memorandum of Understanding establishes an exclusive business development and master distributor relationship between Company One and Company Two for a period of 6 months. Company Two agrees to investigate the market opportunity for Company One's products in a specified territory, establish customer contacts, and provide regular reports to Company One. Company One agrees to reimburse Company Two for approved direct costs and pay a monthly market development fee. The agreement also entitles Company Two to specified fees on all sales of Company One's products in the territory for a set term, regardless of whether a formal agreement is signed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    258 views2 pages

    DRAFT Memorandum of Understanding

    Uploaded by

    reginalax888
    This Memorandum of Understanding establishes an exclusive business development and master distributor relationship between Company One and Company Two for a period of 6 months. Company Two agrees to investigate the market opportunity for Company One's products in a specified territory, establish customer contacts, and provide regular reports to Company One. Company One agrees to reimburse Company Two for approved direct costs and pay a monthly market development fee. The agreement also entitles Company Two to specified fees on all sales of Company One's products in the territory for a set term, regardless of whether a formal agreement is signed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    DRAFT Memorandum of Understanding

    This Memorandum of Understanding (the MoU) is made and entered into on the [DATE],
    by and between[COMPANY ONE](Company One), of [ADDRESS ONE], and[COMPANY
    TWO](Company Two) of [ADDRESS TWO]. This MoU shall expire after 6 months, unless it
    is extended by any subsequent written agreement, and irrespective of any further written
    agreement certain rights and obligations between the parties shall remain in force without
    termination, namely clauses B1, B2, B3, B4.
    WHEREAS, in connection with the establishment of a business opportunity forCompany
    Onein [TERRITORY], Company One agrees to enter into an exclusive business development
    association and a master distributor association with Company Two.
    THEREFORE,Company OneandCompany Twoeach agrees:
    A. Market Development
    A1.CompanyTwowill apply its best endeavours to:
    A1.1 Investigate the market opportunity for business in[TERRITORY] forComapnyOneand in
    particular the {product, service or system - the market offer.
    A1.2 Establish customer contacts, qualify prospects, and find and evaluate partners and
    resellers for Company Ones products commencing with {first offer to market}.
    A1.3 Contribute time and expertise, use of its website, and access to its contacts in Industry,
    Commerce Government to develop the opportunity.
    A1.4 Provide regular communication and a written three-monthly and final six-month report
    on the market entry strategy, including distribution, support and prospects.
    A2.CompanyOnewill supportCompany Twoand will:
    A2.1 Provide marketing materials in [LANGUAGE} andadvice on a timely basis to support
    the market development activities.
    A2.2 Use its best endeavours to stimulate market demand and interest in its products and
    services in[TERRITORY] by whatever means is appropriate.
    A2.3 ReimburseCompany Twofor direct costs incurred on behalf ofCompany Oneincluding
    travel, preparation of local marketing materials, and telephone, provided significant direct
    costs are pre-approved in writing byCompany Onee.g. travel.
    A2.4 For a period of six months, payCompany Twoa market development fee of[AMOUNT
    in words](Amount in figures) monthly in advance on the signing of this MOU.

    B. Master Distributor
    B1 .Company Twoshall be entitled (the Entitlement) to fees for all sales ofCompany
    One'sproducts and services in [TERRITORY]. This entitlement shall be formalised in a
    Master Distribution Agreement during the term of this MoU.
    B2 . The term of the Entitlement is [TERM].
    B3 . The Entitlement shall remain in force irrespective of the term of this MoU and
    irrespective of whether a formal Master Distributor Agreement has been signed or not.
    B4 . For Direct Sales byCompany Twothe entitlement fee shall be[PERCENTAGE ONE]of
    product and license fees and[OERCENTAGE TWO]of professional service fees due and
    payable to Company One.
    B5 . For other than Direct Sales the entitlement fee shall be[PERCENTAGE THREE]of all
    sales.
    The laws of[COUNTRY] shall cover this MoU.
    In WITNESS WHEREOF, the parties have executed this MoU.
    [COMPANY ONE]
    [COMPANY TWO]
    By
    Title
    Date
    Memorandum of Understanding Page 1 of 1 [DATE]

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