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Dealership Agreement Format In India

Posted byadminon06 12 2020. 0 Comments

A. The term “proprietary information” refers to all information, technical data or know-how (including, but not limited, on products, software, services, development, inventions, processes, techniques, customers, pricing, internal procedures, business and marketing plans, finance, employees and business opportunities) that are directly or indirectly disclosed by one party (the “deciding party”) to the other (the “beneficiary party”) , directly or indirectly, in any form. , including orally or visually, not limited to writing, in a machine-readable form or in some other tangible form. (2) that the company`s designation as a trader remains in effect for three years from the date of this agreement, but that this agreement may be renewed for the same period, under the conditions that can be settled between the parties on that date. F. The recipient party acknowledges that the revealing party would suffer irreparable harm because of the singularity of the protected information if the recipient party violated its obligation under this agreement and that the financial harm would not be sufficient to compensate the revealing party for such a violation. The parties agree that, in such a circumstance, the unveiling party, in addition to the possible applicable financial facilities, will be entitled to the omission necessary to maintain any continuous or subsequent violation on the part of the recipient party, without evidence or evidence of actual damages suffered by the revealing party. (b.dem) distributors provide reasonable amounts of advertising literature, brochures and commercial and technical product information free of charge; c. Under no circumstances will the recipient party disclose all or part of this information to third parties without the prior written consent of the revealing party; in addition, third parties must also consent in writing to restrictions comparable to those in this section 6. The recipient party may disclose the protected information, as long as it is necessary by a proper decision by a court or other government agency or by applicable legislation; However, provided that the recipient party does everything reasonably in its power to inform the open party of the pre-disclosure disclosure obligation, so that the open party has the opportunity to object to such disclosure. E. It is presumed that all property information disclosed under this agreement is and will remain the property of the revealing party.

At the end of this agreement or after written notification of the revealing party, the receiving party undertakes to return all proprietary information it holds. d. Sub-agents. The distributor may designate sub-agents, negotiators, sub-representatives or others who act on behalf of the distributor or otherwise fulfill the distributor`s obligations under this agreement within the territory; provided that (i) any compensation for these sub-agents, sub-agents, sub-representatives or other persons, to act on behalf of the distributor or to discharge any other of the distributor`s obligations, is exclusively the responsibility of the distributor, and (ii) that appointment does not deprive the entity of the essential rights to which it is entitled under this Agreement.

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