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Termination Of Dealership Agreement
"I need a Termination of Dealership Agreement for my Malaysian automotive parts manufacturing company to mutually end our relationship with our Penang-based dealer, with a planned termination date of March 15, 2025, including a 3-month transition period for inventory clearance."
1. Parties: Identification of the manufacturer/supplier and the dealer
2. Background: Reference to the original dealership agreement and context for termination
3. Definitions: Key terms used in the agreement including reference to defined terms in the original agreement
4. Termination: Clear statement of termination and effective date
5. Outstanding Obligations: Settlement of accounts, payments, and obligations between parties
6. Inventory Handling: Treatment of remaining inventory, return or purchase arrangements
7. Intellectual Property: Cessation of IP rights, removal of signage, return of marketing materials
8. Confidentiality: Ongoing confidentiality obligations and return of confidential information
9. Customer Records: Transfer or handling of customer data and records
10. Mutual Release: Release of claims and liabilities between parties
11. Governing Law: Confirmation of Malaysian law as governing law
12. Execution: Signature blocks and execution formalities
1. Warranties: Handling of ongoing warranty obligations - include if there are existing warranty commitments
2. Transition Assistance: Specific provisions for transition to new dealer - include if replacement dealer exists
3. Non-Compete: Post-termination competition restrictions - include if required by business context
4. Employee Matters: Handling of employee transfers or obligations - include if employees are affected
5. Tax Matters: Specific tax considerations - include if there are complex tax implications
6. Dispute Resolution: Specific dispute resolution mechanisms - include if standard courts are not preferred
1. Schedule 1 - Original Agreement: Copy or details of the original dealership agreement being terminated
2. Schedule 2 - Outstanding Accounts: Detailed list of all outstanding financial matters between parties
3. Schedule 3 - Inventory List: Comprehensive list of remaining inventory and agreed handling
4. Schedule 4 - Intellectual Property: List of IP items to be returned or ceased using
5. Schedule 5 - Transition Timeline: Detailed timeline for various termination activities
6. Schedule 6 - Customer Contracts: List of ongoing customer contracts and their handling
Authors
Business Day
Confidential Information
Dealer
Dealership Agreement
Effective Date
Intellectual Property Rights
Inventory
Manufacturer
Outstanding Obligations
Premises
Products
Purchase Orders
Release Date
Termination Date
Territory
Trade Marks
Transition Period
Warranty Obligations
Customer Records
Marketing Materials
Settlement Amount
Signage
Supplier
Definitions
Interpretation
Inventory Return
Payment and Settlement
Release of Obligations
Intellectual Property
Confidentiality
Non-Compete
Customer Records
Warranties
Return of Property
Governing Law
Dispute Resolution
Notices
Severability
Entire Agreement
Assignment
Force Majeure
Transition Arrangements
Further Assurance
Costs
Waiver
Indemnification
Automotive
Electronics
Consumer Goods
Industrial Equipment
Technology
Telecommunications
Pharmaceutical
Manufacturing
Retail
Heavy Machinery
Legal
Sales
Commercial
Operations
Business Development
Compliance
Risk Management
Distribution
Corporate Affairs
Finance
Chief Executive Officer
Commercial Director
Sales Director
Legal Counsel
Contract Manager
Business Development Manager
Operations Manager
Distribution Manager
Dealer Principal
General Manager
Compliance Officer
Risk Manager
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