Wholesale Partner Terms
WHOLESALE AGREEMENT
This Wholesale Agreement (the “Agreement”) is made effective as of consent date, by and between:
Inspired Generations, LLC (“Seller”) and Consenting Wholesaler (“Buyer”).
- The Seller agrees to sell, and the Buyer agrees to purchase the products listed in the attached Exhibit A (the “Products”) for resale.
- The wholesale pricing for the Products is as listed on the Seller’s website at the time of purchase, subject to any approved wholesale discounts.
- Payment terms and methods are as specified on the invoice provided for each order and must align with those approved during the wholesaler application process.
- All orders must meet the minimum order quantity (MOQ) as indicated on the Seller’s website for each product at the time of purchase.
- Resale of Products:
- The Buyer agrees to resell the Products only in their original condition unless explicitly agreed upon in writing by the Seller.
- Minimum Advertised Price (MAP):
- The Buyer agrees to honor the Seller’s minimum advertised price (MAP) policy for the Products, which is the price displayed on Inspired Generations’ direct-to-consumer website which is the pricing made to public without wholesale account (or as otherwise provided by Seller).
- The Buyer is prohibited from advertising or selling the Products at prices below the MAP unless explicitly authorized in writing by the Seller.
- The Buyer agrees that any violation of the MAP policy may result in immediate termination of this Agreement, at the Seller’s discretion.
- Shipping & Delivery:
- The Buyer is responsible for all shipping costs unless otherwise stated in writing by the Seller.
- Risk of loss passes to the Buyer upon delivery of the Products to the carrier.
- Returns and Damages:
- Any defective or damaged Products must be reported in compliance with Seller’s return policy
- No returns will be accepted without prior authorization from the Seller.
- Intellectual Property:
- The Buyer acknowledges that the Seller’s trademarks, trade names, logos, and other intellectual property related to the Products (the “IP”) are the exclusive property of the Seller.
- The Buyer is prohibited from using the IP in any way without prior written consent from the Seller.
- Termination:
- Either party may terminate this Agreement with 15 days’ written notice.
- In the event of a breach by the Buyer, including but not limited to failure to adhere to the MAP policy, the Seller reserves the right to terminate this Agreement immediately.
- Governing Law:
- This Agreement shall be governed by and construed in accordance with the laws of the State of Florida.
- Entire Agreement:
- This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements, written or oral.