Exclusive Distribution Agreement Form Sample
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Distributor hereby agrees: (i) to assist Developer in obtaining any such required licenses or permits by supplying such documentation or information as may be required by Developer (ii) to comply with such decrees, statutes, rules and regulations of the government of the European countries and agencies, or other instrumentalities thereof (iii) to maintain the necessary records to comply with such decrees, statutes, rules and regulations and (iv) to indemnify and hold harmless Developer from any and all fines, damages, losses, costs and expenses (including reasonably attorneys fees) incurred by Developer as a result of any breach of this subsection by Distributor.. All amounts due and owing to Developer hereunder but not paid by Distributor on the due date thereof shall bear interest at the rate of the lesser of: (i) one per cent (1 ) per annum above the then applicable prime interest rate announced by Chase Manhattan Bank, New York, New York for ninety (90) day U.S. Dollar loans to prime commercial customers in the United States and (ii) the maximum lawful interest rate permitted under applicable law.. Failure to meet such minimum requirements shall constitute a material breach of this Agreement for the purposes of Section 13 (Termination and Term) thereof provided, however, that in lieu of terminating this Agreement pursuant to such section based on such breach, Developer may instead elect in its sole discretion to change the exclusive rights granted to Distributor under Section 1 (Products and Territory) hereof to non-exclusive rights, in which case Developer shall then have the right to appoint additional non-exclusive distributors in the Territory and the right to sell the Products itself in the Territory, either directly (including without limitation with the assistance of sales representatives) or through one or more of its affiliates.. Distributor hereby agrees to indemnify, defend and hold harmless Developer, its affiliates and all officers, directors, empl
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