Market Development Funds (MDF Sample Clauses
The Market Development Funds (MDF) clause establishes the terms under which a company provides financial resources to its partners or resellers to support marketing and promotional activities. Typically, this clause outlines the types of activities eligible for funding, such as advertising campaigns, trade shows, or product demonstrations, and details the process for requesting, approving, and reimbursing expenses. Its core practical function is to incentivize and support partners in expanding market reach and driving sales, while ensuring that funds are used appropriately and in alignment with the company's strategic objectives.
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Market Development Funds (MDF. 10.1 Distributor shall be eligible to participate in a MDF Program which will entitle Distributor to reimbursement of certain marketing costs provided Distributor agrees to abide by the provisions within Developer's MDF Program.
Market Development Funds (MDF. SONICWALL shall provide Market Development Funds ("MDF") equal to 3% of Distributor's net purchases from SONICWALL. The amount of MDF available shall be calculated on a quarterly basis and can be used for marketing activities in the Defined Area by the Distributor. Distributor must get written approval from SONICWALL for any marketing activity expenditure, which will be paid for with MDF. Payment with MDF by SONICWALL to Distributor shall be in a form of a credit note applied to Preferred Partner's account. MDF accrued in one calendar quarter must be used within 1 year of the end of the quarter in which it was earned; any remaining MDF shall expire thereafter.