Authorized Content. Party A authorizes Party B to become the dealer of the authorized product within the authorized units specified in Article 1.1 of this agreement, and may issue an authorization letter to Party B to make Party B the exclusive dealer of the designated hospitals. During the term of this agreement, Party B shall have the right to engage in legal commercial activities for the sale of authorized products within the authorized units in the name of a dealer. Party B may designate a distributor with relevant medical device operation license to distribute the authorized products under this agreement, but the distributor must obtain prior written approval from Party A, and Party B must ensure that the distribution behavior must comply with laws and regulations and local special provisions. Otherwise, Party B shall bear all legal responsibilities and compensate for all losses caused to Party A. Furthermore, Party B shall ensure that the distributor complies with the policies and regulations set forth in this agreement.
Appears in 2 contracts
Sources: Dealer Distribution Agreement (Baird Medical Investment Holdings LTD), Dealer Distribution Agreement (Baird Medical Investment Holdings LTD)