Distribution Agreements · glossary
The number of machines Tullavane should buy in a Contract Year: 200, 300 and 400 over the three years. Missing it is no breach. Clause 5.3 lets Cressby end exclusivity after one miss, or the Agreement after two in a row. Agreement, clause 1.1, “Minimum Purchase Target” · Chapter 6 · see Exclusive distribution
Explained in Chapter 6, Minimum Purchase Targets: When the Distributor Misses One, of Distribution Agreements.
The Agreement gives each year a Minimum Purchase Target: the number of machines Tullavane should buy from Cressby in the year. It is a goal, not a promise to buy, so a shortfall breaks nothing. Instead, Cressby may take away the exclusivity. After two missed years in a row, it may terminate.Read Chapter 6, Minimum Purchase Targets: When the Distributor Misses One →
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the number of Products set for a Contract Year in paragraph 1 of Schedule 3;Read the definition in the document →
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