1. The Supplier entrust the Distributor with the exclusive right to distribute and sell the products listed in Annex 1 ("Contractual products") in the Contractual Territory in accordance with the terms of this agreement.
The Distributor undertakes to purchase the Contractual products exclusively from the Supplier.
2. The Distributor shall purchase and sell the Contractual products in his own name and on his own account as an independent dealer. The Distributor is not authorized or empowered to conduct transactions in the name of the Supplier.
No partnership or similar relation is formed between the parties based on the present contract. Neither does this contract constitute a right of the Distributor to act as agent, commissioner or authorised representative of the Supplier. Neither is there any legal relationship between the supplier and employers or subagents of the Distributor.
3. Under this agreement each Party shall safeguard the interests of the other Party with loyalty and all due professional care, and shall apply sufficient financial and personnel resources to perform his contractual duties.
1. The Parties agree that this agreement does not cover other products that the Supplier currently manufactures or sells or will manufacture or sell in the future.
2. If the Supplier intends to stop production of one or more Contractual Products (“Discontinued items”), the Supplier shall inform the Distributor of this at least three months in advance.
Should the Supplier be compelled to stop production of individual products immediately, whether it be due to an official prohibition, inadequate quality of raw materials purchased from outside suppliers, or for other unforeseeable reasons, he shall immediately notify the Distributor accordingly.
3. If the Supplier extends his range of products, he shall notify the Distributor accordingly in writing. Should the Distributor refuse (“Right of first refusal”) to sell these new products in the Contractual territory by written notification within 30 days after receiving the Supplier’s announcement, or if the Distributor does not react within this period, the Supplier has the right, without the Distributor having any claim whatsoever, to entrust a third party with the sale of these products in the contract territory.
4. The Supplier will sell the Contractual products exclusively in accordance with its general terms of sale in the version applicable at the time of the order and at the prices valid on this day. Any purchase conditions of the Distributor shall be inapplicable even if the Distributor sends them to the Supplier and makes reference to them.
5. The current prices and terms of procurement provided by the Supplier are determined in Annex 1.
6. The Distributor shall maintain an inventory that is sufficient to satisfy the normal demand by customers in the Contractual territory.