Motion System Design

PTDA creates contract template

The Power Transmission Distributors Association (PTDA) announces a comprehensive distributor/manufacturer agreement template for entering a formal relationship. Guidelines for Developing a Distributor/Manufacturer Agreement: A Components Checklist includes practical, customizable language for 38 contract clauses grouped into six main sections: Introductory; terms and conditions; product and price policy; sales policy; inventory; and concluding clauses.

Developed using sample agreements from many of PTDA's member companies, each clause includes a description of when it may be applicable and provides sample language to use in writing a mutually acceptable contract. The Guidelines also includes a Word document, allowing users to edit, delete, or add to each clause. The new template is available at ptda.org/agreement and costs $349 for non-members; PTDA members can download the document free of charge.

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