Prohibition of resale outside territory Prohibition of the distributor and its customer from making resale outside of the Territory. Reserved Rights Supplier may retain certain rights to make sales in the Territory and may compensate the distributor for such sales particularly when the services by the distributor will be called upon to consummate such sales. Both parties should be required to comply with all applicable laws. Prices Specify how prices are established and what they include, when the can be adjusted and how, etc. Payments Specify how payment should be made.
Advance payment is preferred for custom orders.
Delivery and Force Majeure Responsibility for late shipment and exceptions should be specified. Inspection Specify the time limit for inspection and claim of defects, methods for disposal of defective products, allotment of expenses for storage and handling and other related issues. Other Terms and Conditions of Sale Examples may include allotment of responsibility for taxes, duties, insurance in transit, and so on, identification of point for passage of title and risk of loss , stock and after-sale service, products warranty, and other terms agreed between parties. The technicality associated with this requirement also needs to be addressed. Intellectual Property Supplier should retain all trademark, copyright, patent and trade secret as the sole property of the supplier and specify restrictions on the use such intellectual property by the distributor.