Termination Of Distribution Agreement Template for Philippines

1. Transition Assistance: Required when there is a need to transition to a new distributor or ensure continuity of service

2. Customer Transfer: Used when specific provisions are needed for transferring customer relationships

3. Employee Matters: Included when there are employment implications or transfer of employees

4. Tax Provisions: Required when there are specific tax implications that need to be addressed

5. Insurance: Included when ongoing insurance coverage is required for certain periods

6. Dispute Resolution: Optional detailed dispute resolution procedures beyond standard governing law provisions

7. Compensation for Early Termination: Included when termination occurs before the natural expiry and compensation is agreed

1. Schedule 1 - Inventory List: Detailed list of remaining inventory and agreed disposition method

2. Schedule 2 - Outstanding Orders: List of pending orders and their handling

3. Schedule 3 - Payment Schedule: Schedule of any outstanding payments or settlement amounts

4. Schedule 4 - Company Property: Itemized list of all property to be returned to the Principal

5. Schedule 5 - Transition Timeline: Detailed timeline for implementing termination activities

6. Appendix A - Original Distribution Agreement: Copy of the original agreement being terminated

7. Appendix B - Financial Settlement Statement: Detailed statement of financial settlements between parties