Intermediary Distribution Sample Clauses
The Intermediary Distribution clause defines the terms under which a third party, or intermediary, is authorized to distribute products or services on behalf of the original supplier. Typically, this clause outlines the scope of the intermediary's rights, any limitations on territories or customer types, and the obligations both parties must fulfill, such as reporting sales or maintaining certain standards. Its core function is to clarify the relationship and responsibilities between the supplier and the intermediary, ensuring that distribution is conducted in a controlled and agreed-upon manner, thereby reducing the risk of disputes or unauthorized sales.
Intermediary Distribution. If a Signatory receives or has received an Intermediary Distribution, whether before or after its Accession Date, any subsequent Allocation Amount(s) which would have been Allocated to such Signatory up to the Excess Value shall be Allocated to other Signatories in respect of the same Asset Pool in accordance with Clause 45.3.7.