I need to understand how these agreements are made effective.
Amit Kumar Chattopadhyay Changed status to publish
There’s shade of difference between agreement and contract. A contract is a legally binding agreement – enforceable in a court of law. Naturally, one needs to be lot more careful while drafting a distributor contract. Every distributor agreement or contract must have fixed time frame, sales territories, sales targets, supply terms, credit terms etc. Please read following article for details on how to draft distributor agreement with example
https://www.vanik.com/blogs/how-to-write-distribution-contract-a-check-list/
Amit Kumar Chattopadhyay Changed status to publish