RESELLER AGREEMENT

RESELLER AGREEMENT

This Reseller Agreement is made on [DATE] (hereafter the “Effective Date”) between [Name of Distributer’s Company], with its principal place of business at [ADDRESS] (“distributor”) and [Business name of retailer], with its principal place of business at [ADDRESS] (“Retailer”). 

NOW, THEREFORE, in consideration of the premises, and of the mutual promises and undertakings herein contained, the parties, intending to be legally bound, do agree as follows:

  • Appointment and Authorization of Reseller

Distributor hereby authorizes and appoints Retailer and Retailer accepts the authorization and appointment, as Distributor’s exclusive reseller, to market, sell, or incorporate for resale the distributor’s Products listed in the [ATTACHMENT] attached to this agreement.

  • Exclusivity

The reseller agrees to exclusively market, sell, or incorporate for resale the distributor’s Products only. The reseller shall not engage in any other Hemp or CBD based products without notifying the distributor.

  • Revision of Authorization. 

Distributor may revise the list of Products by giving retailer written notice, and cooperating with retailer to draft, execute, and attach to this agreement an amended list of Products reflecting the revisions.

  • TERM

This Agreement shall be operative from the date of execution of this Agreement (effective date) and shall run for 3 months or until the Agreement is terminated according to this Agreement.

  • PAYMENT TERMS

Retailer agrees to make full payments before products are shipped.

  • CONFIDENTIALITY AND NON DISCLOSURE
    Neither Party will use, copy, adapt, alter or part with possession of any information of the other which is disclosed or otherwise comes into its possession under or in relation to this Agreement and which is of a confidential nature. This obligation will not apply to information which the recipient can prove was in its possession at the date it was received or obtained or which the recipient obtains from some other person with good legal title to it or which is in or comes into the public domain otherwise than through the default or negligence of the recipient or which is independently developed by or for the recipient.
  • INTELLECTUAL PROPERTY

Both parties agree to respect the intellectual property of the other by not infringing intellectual property rights. 

  • TERMINATION
      1. Either Party to this Agreement may terminate this Agreement upon a written notice of termination to the other Party. Unless otherwise mutually agreed to in writing, upon the termination of this Agreement, any arrangement then in effect will immediately terminate. 
      2. Breach of any provisions of this agreement may lead to early termination
      3. The distributor may terminate this agreement at will in the event where the retailer misrepresents distributor’s brand, slanders the name of the distributor’s company in favour of another company’s product.
      4. In the event where the Retailer makes health claims, this agreement will immediately terminate.
  • ENTIRETY

This contract represents the entire agreement between the two parties and supersedes any previous written or oral agreement. This agreement may be modified at any time, provided there is written consent of both parties to this contract.

  • SEVERABILITY 

The parties agree that if any portion of this contract is found to be void or unenforceable, it shall be struck from the record and the remaining provisions will retain their full force and effect.

  • JURISDICTION

This contract shall be governed, interpreted, and construed in accordance with the laws of TEXAS

 

In Witness Whereof, this Agreement is duly executed by the duly authorized representatives of the parties as set forth below:

 

___________________________________ ___________________________

Retailer’s Signature Date

 

___________________________________ ___________________________

Distributor’s Signature Date

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