Value Added Reseller Agreement (Genie AI)

The Value Added Reseller Agreement (Genie AI) is a legal template that outlines the terms and conditions between a software company, Genie AI, and a value added reseller (VAR).

This agreement governs the relationship between Genie AI and the VAR regarding the resale of Genie AI's software products and services. The VAR, as a reseller, agrees to market, sell, and support Genie AI's software to the end-users or customers.

The agreement typically includes provisions related to the granting of non-exclusive rights to the VAR for the resale of Genie AI's products, outlining the territories or markets in which the VAR can operate. It may also outline the pricing structure, payment terms, and commission rates that the VAR is entitled to receive.

Furthermore, the agreement may touch upon marketing and promotional activities, including the use of Genie AI's branding materials, trademarks, and intellectual property. It may also address the necessary training and technical assistance that Genie AI will provide to the VAR to support their sales efforts effectively.

The agreement may outline the obligations and responsibilities of both parties, including any minimum sales requirements or targets that the VAR is expected to achieve. It may also touch upon the terms and conditions for terminating the agreement, confidentiality, dispute resolution mechanisms, and legal compliance requirements.

Overall, the Value Added Reseller Agreement (Genie AI) sets a clear framework for the relationship between Genie AI and the VAR, ensuring the effective distribution and support of Genie AI's software products in the market.