This agreement allow an Agent to earn commission on sales of the Principal’s goods in a defined geographical area, territory or on exclusive or non-exclusive basis. Commercial Agents Regulations 1993 create certain duties and rights for those defined within the regulations as commercial agents in their respective EU countries. If it is intended that the parties do not have a relationship which falls within those regulations, this document should not be used. The agent acts on the supplier’s behalf. Although an agent may arrange sales, the sales contract will be between the supplier and the end customer, i.e. an end user of the product. This figure is different from the distributor who is, instead, a supplier’s customer. The distributor sells the product to their own customers.
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DISTRIBUTION AGREEMENT
on September 27, 2023A distribution agreement is an agreement under which a supplier of goods appoints an independent distributor to market them; he sells in his own name and for his own account. The Distributor shall be responsible for all advertising necessary to promote the Products within the Territory. It may be categorised as either exclusive or non-exclusive. In an exclusive distribution agreement, the supplier will grant to the distributor exclusivity over a particular territory and/or product line and/or sales channel. Unlike agents, distributors purchase products from the supplier and then resell them to customers on their own account, thereby taking control of pricing and the ensuing profit.
Read moreLegal Design: a new pillar to draft better contract
on July 28, 2023Legal design is a multidisciplinary approach that combines law, design, technology, psychology, and other fields to reimagine the way legal information is presented and accessed, ultimately making the law more inclusive and understandable for everyone.
Legal design recognises that traditional legal materials can be complex, confusing, and inaccessible to many people, leading to barriers in accessing justice and understanding legal rights and obligations.
Reading-time: 5 minutes
Read moreStreamlining Contract Management: A Deep Dive into Setting and Track Orders with Trakti’s Smart Legal Contracts
on May 5, 2023Few months ago, we have proudly announced Trakti New Released 2.8. Today we are happy to give you a deep dive on how to set orders within your contracts template and most important how to track them!!
Reading time: 4 minutes
Read moreHow Smart Contracts can affect Human Resources functions
on April 6, 2023An onboarding process is articulated and requires planned coordination between the new employee and the diverse departments of a company. This process should be focused instead to facilitate the integration for the new hires and allow them to learn more about the organisation, the requirements of the new role, the new team, the values, and the philosophy of a company. Setting up an integrated and agile plan for new employees can improve productivity, retain the best professionals in the company, and reduce Human Resources costs.
Reading time: 3 minutes.
Read moreLawyer and Smart legal contracts: legitimate fears and concrete opportunities
on March 6, 2023Lawyer and Smart legal contracts: legitimate fears and concrete opportunities? How many times years ago have I wondered? How many times before deciding to take this path, I wondered if the blockchain, smart contracts and everything revolved around it constituted a new opportunity, the solution I was looking for, or if instead they would simply replace me, put me on the corner.
I glimpsed, but did not fully understand.
Reading time: 3 minutes.
Read moreThe future of contracts: a new look for Trakti
on November 21, 2022In the previous article, we anticipated the big graphic change that Trakti is ready to publish. Below I will explain the process of creating the company logo: a long and demanding path that has led to a great result.
Happy reading.
Reading time: 5 minutes.
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