This is an MOU that was developed in Arabic to act between a factory and a consultancy in Saudi Arabia in the scope of restructuring the current business at hand and paving the road for future businesses the factory is planning to launch with a primary focus on using mathematical modeling. This MOU consists of EIGHT Articles: Introduction; Recitals; Definitions; Duties & Responsibilities of Each Party; Operations; Execution; Administrative Representation; Meetings; MOU Renewal. When using this MOU, it is important you consult your attorney after making any modifications or additions in accordance with your business and signing parties.
A product supply agreement is an agreement between a supplier and a buyer for supply and purchase of products. The agreement specifies the terms upon which the parties agree to supply and purchase products from each other. Globalization has had a tremendous impact on trade and business all over the world. New products flood the market every year, and before a product reaches the public, it may pass through the hands of international manufacturers, distributors, retailers, or buyers. It has thus become increasingly important to make sure each party’s rights and responsibilities are established in the beginning of a business relationship.
This Website Purchase Agreement covers all of the critical points of a transaction including:
-Related Assets included in the sale (e.g. IP, Brand, Records, Third Party Agreements, Domains, Social Media)
-Payment provisions
-Pre and Post – Closing Obligations
-IP assignment
-Warranties
-Reciprocal indemnification provisions
-A non-compete clause