Bioelectronics Corp (BIEL)

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Must have missed post 297293

Post# 297293 of 297325 Saturday, August 27, 2022 12:44:31 PM

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).

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