Evergreen Contract

• An evergreen contract is one that in principle must be agreed regularly, but is always continued automatically.

• A rolling contract is one that continues until an agreed period of notice rather than until a particular date.

• Many countries have laws that limit your ability to end an agreement with a sales representative or distributor.
  • This prevents an unscrupulous manufacturer from taking away a market developed by a local sales representative or distributor.

• Consult with a good international trade lawyer because laws governing agreements with a sales representative or a distributor differ dramatically from country to country.

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© 2004 John Michael Pierobon

Notes