Distributor Settlement Agreement Template for New Zealand

1. Non-Compete Obligations: Restrictions on future competitive activities - include if agreed as part of settlement

2. Intellectual Property Rights: Handling of IP rights post-termination - include if IP was involved in distribution

3. Customer Transfer: Process for transferring customer relationships - include if customer relationships need formal transfer

4. Tax Provisions: Specific tax treatment of settlement payments - include if tax implications need clarification

5. Warranty Claims: Handling of existing warranty obligations - include if ongoing warranty issues exist

6. Employee Matters: Treatment of employees or contractors - include if staff transfers are involved

7. Marketing Materials: Handling of existing marketing materials - include if significant marketing assets exist

1. Settlement Payment Schedule: Detailed breakdown of settlement payments and timing

2. Inventory List: List of existing inventory and agreed disposal method

3. Territory Definition: Definition of territories covered by the agreement

4. Outstanding Purchase Orders: List of pending orders and their treatment

5. Customer List: List of customers and agreed handling

6. Intellectual Property Register: Register of relevant IP rights and their disposition

7. Transition Timeline: Detailed timeline for transition activities

8. Release Documentation: Form of mutual release documents to be executed