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Preliminary Acceptance of Product for Resale

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

Updated 16d ago
preliminary acceptanceresale agreementproduct acceptancereseller agreementbusiness agreementSME document

{{company_name}}

{{company_address}}

Phone: {{company_phone}}

Email: {{company_email}}

Website: {{company_website}}

Date

{{date}}

Recipient Details

{{reseller_company_name}}

{{reseller_company_address}}

Attention: {{reseller_contact_person}}

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

Dear {{reseller_contact_person}},

This letter confirms our preliminary acceptance of the {{product_name}} (hereinafter referred to as 'the Product') for the purpose of resale, in accordance with discussions held on or about {{discussion_date}}.

Product Description and Quantity

The Product is described as: {{product_detailed_description}}.

The quantity tentatively accepted is: {{quantity}} units.

Conditions of Preliminary Acceptance

This preliminary acceptance is subject to, but not limited to, the following conditions:

a. Satisfactory completion of our internal due diligence and market assessment within {{due_diligence_period}} days from the date of this letter.

b. Mutual agreement on the final Reseller Agreement, including but not limited to pricing, payment terms, delivery schedules, warranty, returns policy, and marketing support.

c. The Product meeting all specified quality standards and technical specifications as previously communicated and agreed upon.

d. Receipt of all necessary product documentation, certifications, and marketing materials from {{supplier_company_name}}.

e. Our ability to secure adequate market access and distribution channels for the Product.

Pricing and Payment (Provisional)

The provisional unit price for the Product is {{currency}} {{provisional_unit_price}}.

Final pricing and payment terms will be stipulated in the definitive Reseller Agreement.

Term of Preliminary Acceptance

This preliminary acceptance is valid for a period of {{validity_period}} days from the date of this letter, during which time both parties commit to actively negotiate the terms of a comprehensive Reseller Agreement. Should a definitive agreement not be reached within this period, this preliminary acceptance shall be considered null and void, unless otherwise mutually agreed upon in writing.

Confidentiality

Both parties hereby agree to maintain the confidentiality of all proprietary information exchanged during the course of these preliminary discussions and relating to the Product, in accordance with any existing Non-Disclosure Agreement or standard business practices.

Governing Law

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

Acknowledgement

Please indicate your understanding and agreement to the terms of this preliminary acceptance by signing and returning a copy of this letter.

We look forward to a successful partnership.

Sincerely,

{{your_name}}

{{your_title}}

{{company_name}}

Accepted and Agreed:

_____________________________

{{reseller_contact_person}}

{{reseller_company_name}}

Date: _______________________

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