Licensing and distribution agreements can be a useful tool for suppliers in the distribution of their products or services. In this configuration, there is no obligation to set up a business in a given country to provide the full capital investments usually required. At the same time, licensing and distribution agreements can help to provide distributors and businesses, in their respective laws, with excellent opportunities for business activities. Especially if the local distributor is able to obtain exclusive rights to sell and sell requested products. In this scenario, the distributor does not need to make significant investments in the product development process. To simplify, distribution works in chains. In an ideal world, it all starts with the manufacturer who makes the goods to be distributed. The manufacturer then uses the services of a distributor to deliver the finished product to different distributors in a given region, with specific expectations and policies to achieve them. Distribution can also be made by historical dealers who purchase items directly from manufacturers and resell them to other distributors. In this case too, a distribution contract is concluded at an early stage. Although distribution has been rejected in the past, it has been the vital artery of global businesses and organizations.
This is the reason why people can get a product almost on their step, even if it is produced far away, sometimes from another continent. In addition, the distribution provides products for people in different regions, regardless of distance and season. Companies can only supply their products to their customers through distribution networks. (b) ”confidential information,” any information provided by one party to the other party relating to a party`s business relationship or the business relationships of a party, including, but not exclusively, information relating to the finances, products, services, customers and suppliers of a contracting party. All confidential information disclosed in concrete form is reported by the publication party prior to disclosure as ”CONFIDENTIAL” or ”PROPRIETARY” or by a similar caption. Any confidential information disclosed orally orally or visually must be identified as such before, at the same time as disclosure or after disclosure and summarized in writing by the publishing party within thirty (30) calendar days after disclosure. The supplier may provide the distributor with certain confidential or protected information (”confidential information”). Confidential information includes information, whether written, electronic or oral, that the distributor knows is a proprietary, confidential or commercial trade secret of the supplier, including all technical or commercial information, software, including its source code and documentation, specifications and design information for suppliers, maintenance information, customer lists , price information, marketing information, policies, procedures and manuals through distributors or distribution channels.
, research and development and other proprietary substances related to supplier products or supplier activities. The distributor will refrain from using the confidential information unless necessary to exercise its rights or fulfill its obligations under this Agreement. The distributor will also limit the disclosure of confidential information to those who must be aware of such confidential information in order to enable the distributor to comply with its obligations and to enjoy the rights conferred on it by this agreement. These persons are informed of the provisions of this section and agree with them and the distributor remains responsible for any unauthorized use or disclosure of confidential information by any of them.