Product and Service

All posts tagged Product and Service

Sale of Goods agreement

on May 21, 2024

Sale of Goods Agreement

 2 parties      Purchase order      Delivery     Samples     Insurance      Renewal and termination      Liability

What is a Sale of Goods agreement?

A Sale of Goods Agreement, also known as a Sales Agreement or Purchase Agreement, is a legal contract between a seller and a buyer that outlines the terms and conditions governing the sale and purchase of goods. This type of agreement is commonly used in commercial transactions where goods are being bought and sold. Sale of Goods Agreement helps establish clear expectations and responsibilities for both parties, protects their interests, and promotes a smooth and successful transaction. To explore all the other available templates go back to the Marketplace.

Tips

  • Specify Pricing, discounts and delivery times: Clearly outline the purchase price for the goods, including any applicable taxes, fees, or shipping costs.
  • Address Delivery and Acceptance: Define the terms and conditions for the delivery of the goods, including the delivery date, shipping method, and location of delivery. Specify the procedures for inspecting and accepting the goods upon delivery.
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Purchase agreement

on May 20, 2024

Purchase Agreement

 2 parties      Purchase order and delivery        Goods/products        Recurring payment        Risk and title        Claims

What is a Purchase agreement?

A Purchase Agreement, also known as a Sales Agreement or Sales Contract, is a legally binding document that outlines the terms and conditions of a purchase transaction between a buyer and a seller. It serves as evidence of the agreement reached between the parties regarding the sale of goods.
To explore all the other available templates go back to the Marketplace.

Tips

  • Conduct Due Diligence: Conduct due diligence on potential suppliers to assess their capabilities, reliability, and track record. Consider factors such as production capacity, financial stability, quality control processes, and reputation in the industry.
  • Address Title and Risk of Loss: Clearly define when title and risk of loss transfer from the seller to the buyer. Specify who is responsible for shipping, insurance, and any other costs associated with delivery.
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Long term supply agreement

on May 20, 2024

Long-Term Supply Agreement

 2 parties      Supplier order        Renewal and termination        Hardship      

What is a Long term supply agreement?

A Long-Term Supply Agreement is a contract between a supplier and a buyer that establishes terms and conditions for the supply of goods or services over an extended period of time. Unlike short-term supply agreements, which typically cover shorter periods or specific transactions, long-term agreements provide for a continuous and predictable supply relationship between the parties.

A Long-Term Supply Agreement provides both parties with stability, predictability, and assurance of supply over an extended period, allowing for better planning, cost control, and risk management.
To explore all the other available templates go back to the Marketplace.

Tips

  • Maintain Flexibility: Build flexibility into the agreement to accommodate changes in circumstances, market conditions, or business needs.
  • Clarify Supply Quantity and Schedule: Clearly specify the quantities of goods or services to be supplied and the schedule for delivery or performance.
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Licence to Merchandise a Fictional Character

on May 20, 2024

Licence to merchandise a fictional character

 2 parties      Sale target        Renewal and termination        Royalties         Territory

What is an Licence to Merchandise a Fictional Character?

A Licence to merchandise a fictional character is a legal agreement that grants permission to a licensee (such as a manufacturer, retailer, or merchandiser) to use and exploit the rights associated with a specific fictional character for commercial purposes. This license allows the licensee to produce and sell merchandise featuring the character, such as toys, clothing, accessories, collectibles, and other consumer products.
To explore all the other available templates go back to the Marketplace.

Tips

  • Specify Territory and Distribution Channels: Define the geographic territory where the licensee is authorized to sell the licensed merchandise and identify approved distribution channels. Consider whether exclusivity or non-exclusivity is appropriate for the licensee’s distribution rights.
  • Clarify Rights and Restrictions: Clearly define the scope of the license, including the specific rights granted to the licensee and any limitations or restrictions on the use of the character. Be explicit about which products and product categories are covered by the license.
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Film Music Commissioning Contract

on May 17, 2024

Film Music Commissioning Contract

 2 parties      Scope of work       Delivery schedule     Termination notice    Payments terms

What is a Film music commissioning contract?

A Film Music Commissioning Contract is a legal agreement between a filmmaker or production company (the “Producer”) and a composer or music production company (the “Composer”) for the creation and use of original music compositions for a film or audiovisual project. This contract outlines the terms and conditions of the commissioning arrangement, including the rights, obligations, and compensation of both parties.
To explore all the other available templates go back to the Marketplace.

Tips

  • Include a Detailed Delivery Schedule: Establish a clear delivery schedule for the completion and delivery of the musical compositions.
  • Address Ownership and Copyright: Clearly address ownership and copyright of the musical compositions, specifying that the Composer retains copyright ownership but grants the Producer the necessary rights for use in the film or audiovisual project. Include provisions for registering copyrights and attributing credit to the Composer.
  • Protect Confidentiality and Proprietary Information: Include provisions to protect the confidentiality of any proprietary information shared between the parties during the course of the commissioning relationship, including drafts of the musical compositions and project-related discussions.
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Coworking service agreement

on May 17, 2024

Coworking service agreement

 2 parties      T&C      Service    Renewal and termination     Recurring payment

What is a Coworking service agreement?

A Coworking service agreement is a contract between a coworking space provider and an individual or company seeking to utilise the shared workspace and associated amenities and services. Coworking spaces offer flexible arrangements where individuals or businesses can rent desks, offices, or meeting rooms on a short-term basis, typically under a monthly membership or agreement.
To explore all the other available templates go back to the Marketplace.

Tips

  • Member Responsibilities: Clearly state the responsibilities of members, such as maintaining cleanliness, respecting others’ property, adhering to safety protocols, and following any community guidelines or codes of conduct.
  • Use of Facilities: Detail the permitted uses of the coworking space, including any restrictions on activities, noise levels, or guests. Specify any shared resources like meeting rooms, printers, or kitchen facilities and how they should be utilised.
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Advanced subscription agreement

on May 10, 2024

Advanced subscription agreement

 2 parties      Subscription Amount      Reverse vesting     Major investor rights

What is an Advanced subscription agreement?

An Advanced subscription agreement is a type of investment agreement used by startups or early-stage companies to raise capital from investors. Unlike traditional equity financing, where investors receive shares of the company’s stock immediately upon investment, an advanced subscription agreement allows investors to commit funds upfront in exchange for the right to receive shares at a later date, typically upon the occurrence of a specified trigger event, such as a future funding round or an exit event.

Advanced subscription agreements are often used in jurisdictions where traditional convertible debt instruments may not be suitable or permissible, offering flexibility for startups and investors while simplifying the fundraising process. However, they also involve certain risks and complexities, so it’s important for both parties to carefully review and negotiate the terms of the agreement with the guidance of legal and financial advisors.
To explore all the other available templates go back to the Marketplace.

Tips

  • Understand Your Needs: Before drafting the agreement, clearly understand your company’s financing needs and objectives. Determine how much capital you aim to raise, the valuation cap, and the discount rate you’re willing to offer to investors.
  • Be Transparent: Clearly disclose all terms and conditions to potential investors. Transparency builds trust and reduces the likelihood of misunderstandings or disputes later on.
  • Provide Context: Include a clear explanation of the purpose and structure of the advanced subscription agreement. Help investors understand how it differs from traditional equity financing and the potential benefits it offers.
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