Term Sheet For Distribution Agreement

Where the supplier pays shipping, insurance or handling costs, these costs are invoiced to the dealer and reimbursed to the supplier by the distributor. The distributor shall fix the selling price and royalties at which it sells or licenses the supplier products in the territory. The distributor is solely responsible for the costs related to the distribution of the supplier products, including selling costs, import duties, all bank charges, shipping and processing costs, installation or other operating costs, accreditation fees, transfer fees and other payment-related fees, as well as taxes, except for the fact that the merchant is not held responsible for taxes based on the supplier`s income. . . .

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