Distribution Partnership Sample Clauses
A Distribution Partnership clause defines the terms under which two or more parties collaborate to distribute products or services. It typically outlines the roles and responsibilities of each party, the territories or markets covered, and the financial arrangements such as revenue sharing or commissions. This clause ensures that both parties have a clear understanding of their obligations and benefits, helping to prevent disputes and facilitate a successful business relationship.
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Distribution Partnership. The Parties agree to explore the possibility of setting up a Joint Venture, or of RED appointing CloudMinds as its agency, for distributing the Products upon this Agreement within the China Market. Under such an arrangement, CloudMinds would leverage its regulatory establishment, partner relationship with mobile operators and channel distributors to drive activities in type approval, marketing, sales, operations, repair, training, and content sourcing and localization of the Products in mainland China.
Distribution Partnership. Atlantic shall grant QuesTec a license to use executable software libraries ("Software") Atlantic develops under this Agreement. This license shall give QuesTec perpetual and exclusive rights to use the Software for sports related applications. In exchange for this license to use Atlantic's Software, QuesTec will grant Atlantic options for 500,000 stock options for shares in the common stock of QuesTec Imaging, Inc. QuesTec will also pay Atlantic a 10% royalty on QuesTec's portion of gross revenues derived directly or indirectly from the sale, license or use of the Systems. These stock options will have a life of 5 years and will be subject to a 1 year restriction. If after 9 months Atlantic is not satisfied with this arrangement they may convert the above mentioned form of remuneration for a flat 15% royalty on QuesTec's portion of gross revenues derived from the sale, license or use of the Systems, retroactive to the effective date of this Agreement, at which time Atlantic will forfeit any and all rights to the above mentioned stock options. Atlantic must notify QuesTec on or before the 10 month anniversary of this agreement if it wishes to change the original remuneration agreement. QuesTec shall reimburse Atlantic for travel costs associated with joint marketing activities.