Termination Of Distribution Agreement Template

This agreement constitutes the whole agreement between the parties on this subject and replaces all previous agreements and instruments in this area. If there is a discrepancy between the provisions of the exclusivity distribution contract and the provisions of Schedule A or Appendix B, the terms of the exclusivity distribution contract apply. This agreement can only be amended by a written instrument executed by duly accredited representatives of the parties. The effect of termination; Cumulative remedial action survive. On the effective date of the expiry or termination of this contract, DISTRIBUTOR`s rights expire, for whatever reason, pursuant to Section 2. Any right or recourse of any party to this agreement is cumulative and complementary and not in place of any other rights and recourse of that party in the context of this agreement or in accordance with the existing legislation. The following provisions of this agreement apply to the expiry or termination of this contract: Sections 4 and 8 to 15. In addition, all payment rights and remedies for violations of this Agreement apply beyond any expiry or termination of this Agreement, and if ordered by distributor, VENDOR completes all software orders placed under this Agreement prior to the termination or termination of this Agreement, even if such execution is carried out after the expiry or termination. (a) non-disclosure and non-use obligations. Unless pre-derogation, in writing by the unveiling party or to the extent expressly authorized by this agreement, the receiving party, unless prescribed by law or by law, will not be used or disclosed to third parties for the duration and duration of a period of [insert number in words] ([insert number]) of subsequent years. The receptive party may not disclose confidential information to the party who has disclosed it only to its staff members or contractors who are required to know this information.

In addition, before disclosing this confidential information to such an employee or contractor, this staff member or contractor is informed of the confidentiality of the confidential information and establishes or is already bound by a confidentiality agreement with conditions that are in accordance with the terms set out in this agreement. In all cases, the receiving party is liable for any violation of the terms of this contract by any of its employees or contractors. The receiving party uses the same care to avoid disclosing the confidential information of the party that has published the information that the receiving party uses for its own confidential information of similar importance, but no less than an appropriate degree of care. The following provision of this Agreement applies beyond the termination of this Agreement: Articles 7, 10, 12 and 17 of the exclusive distribution contract, articles 3.5, 6, 7 and 8 of the Terms of Sale and all other provisions of the exclusivity agreement and terms of sale which, by their nature, go beyond the termination of that agreement. Many distribution agreements contain a clause that allows either party to terminate the contract without any legal involvement. A termination clause often contains the reasons for termination, the required amount of advance notice and any financial compensation that a party would have to pay.