InvestorsHub Logo
Followers 69
Posts 6508
Boards Moderated 0
Alias Born 02/10/2010

Re: ddls post# 297281

Saturday, 08/27/2022 12:44:31 PM

Saturday, August 27, 2022 12:44:31 PM

Post# of 330588
Minimum Purchase Commitments

Thompson Reuters Practical Law

Minimum Purchase Commitments

The parties should determine if the distributor will have a minimum purchase or order commitment. If so, the distribution agreement should include terms that specify:

How the minimum purchase or order commitment will be measured (for example, see Standard Document, Distribution Agreement (Pro-Seller): Section 8.06).

The seller's remedies for the distributor's failure to meet its minimum purchase or order commitment (for example, the right to terminate the agreement or receive liquidated damages).

https://uk.practicallaw.thomsonreuters.com/w-004-7296?contextData=(sc.Default)&transitionType=Default&firstPage=true