Principal Distributor Clause Samples
The Principal Distributor clause designates a specific party as the main or exclusive distributor of certain goods or services within a defined territory or market. This clause typically outlines the distributor's rights and obligations, such as sales targets, marketing responsibilities, and the scope of exclusivity. By clearly identifying the principal distributor, the clause helps prevent conflicts over distribution rights and ensures that both parties understand their roles, thereby streamlining the distribution process and protecting the interests of both the supplier and the distributor.
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Principal Distributor. Based on the representations and warranties contained in this Agreement, and subject to the terms and conditions set forth in this Agreement, the Company hereby appoints the Dealer Manager as its agent and principal distributor during the Offering Period (as defined in Section 3(b)) to solicit, on a “best efforts” basis, purchasers for the Shares for cash through the distribution channels contemplated herein and in the Prospectus, including the sale of Shares for cash directly to clients and customers identified by the Company on the terms and conditions stated herein and in the Prospectus.