Termination Of Distribution Agreement Template for Hong Kong

1. Non-Compete Obligations: Include when parties wish to establish or confirm post-termination competition restrictions

2. Customer Data Transfer: Include when significant customer data needs to be transferred or protected

3. Warranty Claims: Include when ongoing warranty obligations need to be addressed

4. Employee Matters: Include when there are staff transfer or employment issues to be resolved

5. Tax Provisions: Include when there are specific tax implications or allocations to be addressed

6. Insurance: Include when ongoing insurance obligations or claims need to be managed

7. Public Announcements: Include when parties need to coordinate public communications about the termination

1. Schedule 1 - Original Distribution Agreement: Copy or reference to the original distribution agreement being terminated

2. Schedule 2 - Inventory List: Detailed list of remaining inventory and agreed handling method

3. Schedule 3 - Outstanding Payments Schedule: Detailed breakdown of all outstanding financial matters and payment terms

4. Schedule 4 - Transition Timeline: Detailed timeline for all transition activities and responsibilities

5. Schedule 5 - Intellectual Property Materials: List of all IP materials to be returned or destroyed

6. Appendix A - Customer Notice Template: Agreed form of communication to customers regarding the termination

7. Appendix B - Deed of Release: Form of mutual release from claims and obligations