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1. Parties: Identification of all parties to the settlement agreement
2. Background: Context of the distribution relationship and reasons for settlement
3. Definitions: Definitions of key terms used throughout the agreement
4. Termination of Distribution Agreement: Formal termination of the existing distribution agreement and effective date
5. Settlement Payments: Details of all financial settlements, payment terms, and timing
6. Mutual Releases: Comprehensive releases of claims between parties
7. Return of Property: Provisions for return of inventory, marketing materials, and other property
8. Confidentiality: Ongoing confidentiality obligations regarding settlement and prior relationship
9. Non-Disparagement: Mutual agreements not to disparage other parties
10. Transitional Arrangements: Temporary arrangements to ensure smooth transition of business
11. Tax Matters: Treatment of tax implications and responsibilities
12. General Provisions: Standard boilerplate clauses including governing law, notices, etc.
1. Employee Matters: Required if employees are being transferred or if employment issues need resolution
2. International Compliance: Needed for cross-border distribution arrangements
3. Intellectual Property Rights: Required if specific IP arrangements need to be addressed post-termination
4. Customer Transfer: Needed if specific arrangements for customer transition are required
5. Competition Compliance: Required if settlement raises competition law concerns
6. Ongoing Support: Needed if distributor requires continued support for specific period
7. Territory Rights: Required if territorial rights need specific post-termination treatment
1. Schedule A - Settlement Payment Details: Detailed breakdown of settlement amounts and payment schedule
2. Schedule B - Inventory List: List of inventory to be returned or purchased
3. Schedule C - Customer List: List of customers affected by the termination
4. Schedule D - Termination Timeline: Detailed timeline for various termination activities
5. Schedule E - Marketing Materials: List of marketing materials to be returned or destroyed
6. Appendix 1 - Release Form: Form of mutual release to be executed
7. Appendix 2 - Transition Plan: Detailed plan for business transition
8. Appendix 3 - Confidentiality Agreement: Form of ongoing confidentiality agreement if required
Business Day
Claim
Confidential Information
Customers
Distribution Agreement
Distributor
Effective Date
Encumbrance
Gross Sales
Intellectual Property Rights
Inventory
Laws
Losses
Marketing Materials
Notice
Original Distribution Agreement
Party/Parties
Products
Purchase Orders
Related Persons
Release
Representatives
Settlement Amount
Settlement Payment
Supplier
Tax/Taxes
Term
Territory
Trade Marks
Transition Period
Working Day
Termination Date
Outstanding Amounts
Proprietary Information
Relevant Period
Stock
Documentation
Force Majeure Event
Governmental Authority
Affiliate
Business
Competing Business
Dispute
Material Adverse Effect
Termination
Settlement Payments
Release and Waiver
Confidentiality
Non-Disparagement
Return of Property
Intellectual Property
Transition Arrangements
Customer Transfer
Inventory Disposal
Outstanding Payments
Tax Matters
Non-Competition
Non-Solicitation
Representations and Warranties
Indemnification
Force Majeure
Assignment
Severability
Entire Agreement
Amendment
Notices
Governing Law
Dispute Resolution
Costs
Third Party Rights
Further Assurance
Counterparts
Survival
Time of Essence
Authority
Waiver
Data Protection
Compliance with Laws
Consumer Goods
Manufacturing
Retail
Automotive
Electronics
Pharmaceuticals
Food and Beverage
Industrial Equipment
Technology
Medical Devices
Construction Materials
Chemical Products
Luxury Goods
Sporting Goods
Legal
Sales
Operations
Finance
Supply Chain
Business Development
Compliance
Risk Management
Commercial Operations
Distribution
Chief Executive Officer
Chief Legal Officer
Commercial Director
Sales Director
Distribution Manager
Legal Counsel
Contract Manager
Business Development Manager
Operations Manager
Finance Director
Supply Chain Manager
Relationship Manager
Compliance Officer
Risk Manager
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