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Preliminary Acceptance of Product for Resale

This document serves as a formal preliminary acceptance of a product by a reseller, outlining the initial terms and conditions before final commitment. It is used when a reseller agrees to provisionally accept a product for evaluation or initial market testing.

Updated 15d ago
preliminary acceptanceresale agreementproduct evaluationreseller agreementbusiness agreementSMEAfrica

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date and Reference

Date: {{date}}

Reference No: {{reference_number}}

Recipient Information

To: {{supplier_company_name}}

Attention: {{supplier_contact_person}}

Address: {{supplier_address}}

Subject: Preliminary Acceptance of Product for Resale - {{product_name}}

Dear {{supplier_contact_person}},

This letter confirms the preliminary acceptance by {{reseller_company_name}} (hereinafter “the Reseller”) of the product(s) identified as {{product_name}} (hereinafter “the Product”), for evaluation and initial market assessment purposes, under the terms and conditions outlined herein.

Product Description and Quantity

The Product subject to this preliminary acceptance is described as follows:

Product Name: {{product_name}}

Product Model/SKU: {{product_model_sku}}

Quantity: {{quantity}} units

Unit Price (for evaluation purposes): {{currency}}{{unit_price}}

Total Estimated Value (for evaluation purposes): {{currency}}{{total_estimated_value}}

The specifications of the Product are as per the documentation provided by {{supplier_company_name}} on {{specification_document_date}}.

Terms of Preliminary Acceptance

This preliminary acceptance is granted on the understanding that:

1. The Reseller will conduct an initial evaluation of the Product’s suitability for the target market within {{evaluation_period}} days from the date of receipt.

2. The Supplier shall provide all necessary technical support and product information as reasonably requested by the Reseller during the evaluation period.

3. This preliminary acceptance does not constitute a firm purchase order or a full commitment to a resale agreement. A separate, formal Resale Agreement will be negotiated and executed if the evaluation is successful and mutually agreeable terms are reached.

4. The Reseller agrees to store and handle the Product with due care and diligence during the evaluation period.

5. Any costs associated with shipping and handling of the Product for evaluation are subject to agreement as per {{shipping_cost_agreement}}.

Evaluation Criteria and Feedback

The Reseller will evaluate the Product based on, but not limited to, the following criteria: market demand, product quality, functionality, ease of use, pricing competitiveness, and regulatory compliance within {{target_country}}.

Feedback will be provided to {{supplier_company_name}} no later than {{feedback_submission_date}}.

Confidentiality

All information exchanged between the Reseller and Supplier pertaining to the Product, its specifications, and market data shall be treated as confidential and shall not be disclosed to any third party without prior written consent, in accordance with any existing Non-Disclosure Agreement (NDA) between the parties, dated {{nda_date}}, if applicable.

Governing Law

This preliminary acceptance shall be governed by and construed in accordance with the laws of {{country}}.

Acknowledgement

Please sign and return a copy of this letter to acknowledge your agreement to the terms of this preliminary acceptance.

Signature Block

Sincerely,

___________________________

{{reseller_authorized_signature}}

Name: {{reseller_signer_name}}

Title: {{reseller_signer_title}}

{{reseller_company_name}}

ACKNOWLEDGED AND AGREED:

___________________________

{{supplier_authorized_signature}}

Name: {{supplier_signer_name}}

Title: {{supplier_signer_title}}

{{supplier_company_name}}

Date: {{acknowledgement_date}}

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