By ICC
investors negotiating foreign distribution agreements locate the duty a lot more straightforward in the event that they use uniform ideas. to fulfill this want, ICC has released a revised set of its uniform contractual principles, the ICC version Distributorship Contract. the foundations practice to agreements below which the vendors act both as purchasers and resellers or as importers who set up distribution in the rustic during which they function.
the principles incorporated within the agreement are either versatile and basic. If events don't have any have to draw up a particular agreement in their personal, they could use the complete version, which has been drafted to guarantee stability for either side.
Concise and sensible, the ICC version Distributorship Contract is an beneficial instrument for firms engaged in foreign alternate and their legal professionals. It contains the authority of ICC, the association that pioneered many of the fundamental principles and mechanisms on the middle of foreign alternate.
An ICC prone book, dispensed by way of Kluwer legislation foreign
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Extra info for Icc model franchising contract
Example text
Table of Contents However, it may be provided that the initial fee be refunded less the franchisor’s expenses if the franchisee does not meet reasonable minimum standards of operation of the business following the initial training. 1 In consideration of the rights granted herein, the Franchisee shall pay the Franchisor a royalty equal to ____ % of the Gross Sales. 2 The royalties shall be paid _________ (weekly/monthly/quarterly). Within 7 days after the end of such period, the Franchisee shall deliver to the Franchisor a true and accurate statement of the Gross Sales for the period and the amount of corresponding royalties, which are immediately due.
Org ICC Model International Franchising Contract Designed for use by non-specialists in the area who are seeking reliable guidance and an adaptable contractual framework, this model covers distribution franchise arrangements. It helps parties overcome difficulties caused by the lack of uniform international rules on this important subject.
There are other systems, where the franchisees pay advertising fees to a fund, to which the franchisor also contributes. In many cases it is not only the franchisor, but also representatives of the franchisees, who jointly discuss how to spend the money in the fund. The following paragraphs provide a basic arrangement for advertising. ). 2 The Franchisee shall submit to the Franchisor for its prior approval all proposed marketing and promotional campaigns and materials, as specified in the Manual or otherwise.