Value Added Agreement

It is important to ensure that a VAR agreement is in line with commercial objectives and that its provisions are realistic. Since VAR agreements are legally binding, non-compliance with contractual conditions can result not only in early termination of the contract, but also in legal action and fines. Var is developing and enhancing existing software and technology products and marketing value-added products to end-users. The above conditions form the whole agreement between the parties and reject any prior communication or agreement regarding the purpose of this agreement. There are no written or oral agreements directly or indirectly related to this agreement that are not set out here. This agreement can only be amended in writing and signed by both parties. Since the VAR agreement is an important legal document, which constitutes the obligations, responsibilities and legal rights of both parties and the essential elements necessary for inclusion in the terms of the agreement, both parties should be informed: since the VAR aims to develop the product or service provided by the manufacturer for resale for resale with added value. , both parties should be informed. how the product is marketed and the percentage of profits that both parties can share, as well as a detailed plan of the sales organization and product activities. In addition, the detailed plan may contain several provisions, such as the hiring of experts and technicians by the VAR or the marketing of the product by other companies. This part is considered to be one of the VAR`s obligations to ensure that they take appropriate action to market the product.

Any guarantee or guarantee that the parties may offer may be included in a clause in the agreement or in various clauses, such as the marketing clauses of the product.B. An official license for LESRs by the manufacturer is important to continue developing and adding features to the product to create a value-added product that both parties can benefit from.

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