Joint Venture [Distributorship]

  Name of Wilson’s company) (hereinafter referred to as “Party A”)
(Address of company)
 
date
 
(name of joint venture partner) (hereinafter referred to as “Party B”)
(address)
 
RE: SOLE DISTRIBUTORSHIP OF COMPUTER SOFTWARES BY PARTY B IN THE WHOLE OF PENINSULAR MALAYSIA (hereinafter referred to as “the said product”)
 

We refer to the above said matter and our previous meetings that have transpired.

 
We write to confirm the followings:
 
(a)   Our company shall be granted the exclusive rights to distribute all the previous, present and future company software(s) designed by your company; and
 
(b)   The exclusivity shall encompass the whole jurisdiction of Malaysia; and
 
(c)    The said exclusive rights granted to our company shall be for a period of two (2) years commencing from [Insert Date] (hereinafter referred to as “ the distribution term”); and
 
(d)   Upon the expiration of the two (2) years period, our company shall be granted a first option to renew the said distribution contract for another two (2) years; and
 
(e)   We shall attempt with our best endeavor to market and sell the said product and shall solely bear for all the necessary marketing and/or operating expenses (inclusive of set up cost) during the distribution period; and
 
(f)     We shall the right to market the said computer software under the brand of our choice; and
 
(g)   We shall the right to own the source code and all other necessary confidential information in relation to the research and development of the software; and
 
(h)   Upon each successful sale of the computer software by our company, we shall divide the net profit of the sales amounting to 30% of the net profit; and
 
(i)      You shall at all times and/or upon written request by us to attend to all necessary update, upkeep and/or maintenance to the computer software to us or any of our clients; and
 
(j)      You shall provide us and/or our clients at all times any training program necessary to enable us and/or our clients familiarity and understanding to the said software.
 
We attached herewith a cheque amounting to Ringgit Malaysia [Insert Amount] being earnest deposits to you subject to only you agreeing to all the terms stated above.
 
The said deposit shall be refundable at within 7 days upon the expiration of the said distribution term or upon early expiration and/or termination of the said distribution terms for whatever reasons.
 
Yours truly,
 
 
 
 
 
……………………
Director
(company Name)
 

 

 
 
We, ____________________ of _______________________ hereby agree to all the terms and conditions stated above.
 
 
 
 
………………………
(Name of Joint Venture Company)
(date)
 
 
in the presence of:                                                
 
 
 
……………………….
(Witness name)
(date)

Leave a Reply

Your email address will not be published. Required fields are marked *