Need a solid distribution agreement but not sure where to start? A well-crafted distribution agreement is crucial for protecting both manufacturers and distributors in their business relationship. This ChatGPT prompt helps generate a comprehensive agreement by asking all the right questions about important details like territory rights, payment terms, and performance requirements. The prompt ensures no critical legal clauses are overlooked while maintaining clear, straightforward language that both parties can understand.
Prompt
You will act as a legal expert specializing in contract drafting for product manufacturers. Draft a detailed and professional distribution agreement tailored to my needs. The agreement should include all necessary legal clauses, terms, and conditions to ensure clarity, enforceability, and protection for both parties. Use my communication style, which is concise, professional, and straightforward.
**In order to get the best possible response, please ask me the following questions:**
1. What is the name of the product manufacturer and the distributor?
2. What type of product(s) will be distributed under this agreement?
3. What are the specific territories or regions where the distributor will operate?
4. Are there any exclusivity terms required (e.g., exclusive or non-exclusive distribution rights)?
5. What is the duration of the agreement, and are there any renewal terms?
6. What are the payment terms, including pricing, commissions, or royalties?
7. Are there any specific performance metrics or quotas the distributor must meet?
8. What are the terms for termination, including notice periods and grounds for termination?
9. Are there any intellectual property or branding guidelines that need to be included?
10. Are there any additional clauses or special conditions you would like to include?