Since value-added product or value-added service is the only reason both parties have entered into this agreement. Therefore, a brief summary of the specific product or service that the VAR wishes to develop or a detailed description of the product as an annex to the agreement. The above conditions form the whole agreement between the parties and reject any prior communication or agreement regarding the purpose of this agreement. There are no written or oral agreements directly or indirectly related to this agreement that are not set out here. This agreement can only be amended in writing and signed by both parties. It is important to ensure that a VAR agreement is in line with commercial objectives and that its provisions are realistic. Since VAR agreements are legally binding, non-compliance with contractual conditions can result not only in early termination of the contract, but also in legal action and fines. The termination of the VAR agreement may take place in the event of a breach of the parties` obligations or for any other reason on which the parties agree, which may be indicated in a clause contained in the agreement. Compensation combines all losses that occur during a process related to the agreement. This clause can be defined, as agreed between the parties, which links the burden of losses in certain incidents. A VAR agreement is a legal contract between a producer and a value-added reseller, which defines the rights and obligations of both parties. A VAR buys a product from a manufacturer, somehow increases the added value for that product, and then sells the product as its own. An AGREEMENT of the VAR sets out the conditions to be met during this process.
Any guarantee or guarantee that the parties may offer may be included in a clause in the agreement or in various clauses, such as the marketing clauses of the product.B. Since there may be conflicts between the parties over the VAR agreement, a clause containing the law applicable to litigation can help inform the parties of their rights and possible legal actions that may be taken to resolve any disputes between them.