7/31/2019 Sample Mou 1 for Ernest

1/1

Memorandum of understanding for an international distribution

agreement.The company , with address: .(Company A) and the

Company ..., with address: ..(Company B)Have agreed to the following Memorandum of Understanding to define their

commercial relationship on.(date) at..(place).1. Company B shall be the sole strategic partner of Company A to undertake the

marketing and distribution of the products and services of Company within

(territory) on the terms of conditions to be mutually decided upon at a later date.

2. Company A will extend all possible technical support to Company B in marketing,

implementation and maintenance of the products on terms and conditions to be mutuallydecided upon at a later date.

3. Company B shall not be interested in the marketing of products and services

competitive in nature to the products of Company A within .(territory).

4. Company A shall not appoint any other firm, person or agency to sell any of theirproducts and services in (territory).

5. Company A and Company B shall maintain confidentiality at all times.6. This Memorandum of Understanding shall be for a period of . months until thedate on which it may be renewed by the two Parties to the agreement.

Signed: Signed:

Company A: Company B:1