In another example, a GSB is often required in a transaction in which one company buys another. Since the Spa defines the exact nature of what is purchased and sold, the agreement may allow a company to sell its tangible assets to a buyer without selling the naming rights associated with the transaction. Thank you for reading the CFI guide on the main features of a purchase and sale contract. To continue learning, please investigate these additional CFI resources: the ICC does not consider a violation of the exclusive sale of Coca-Cola beverages by INOX Theatres at prices higher than the retail price The Competition Commission of India (“CCI/Commission”) on behalf of 28.02.2019 unloaded INOX Leisure Ltd (“INOX”) and Hindustan Coca-Cola Beverages Private Ltd (…) The exclusivity agreement serves as a contract between the parties, so that the buyer acquires a product exclusively from the seller and the seller remains the sole supplier of these products for the duration of the contract. This agreement helps the seller gain a competitive advantage by ensuring a reliable regular customer and limiting who receives the product from him. It is important to note that the seller may continue to sell the product to other customers under this contract, while the buyer agrees to buy the product exclusively from the seller. However, the use of an exclusive distribution agreement can be beneficial to the buyer, as it allows the buyer to trap advantageous prices and discounts in exchange for their obligation to buy exclusively from the seller. In the area of exclusive distribution, an interesting decision of the Paris Court of Appeal was taken this quarter, which reminds us of the importance of carefully anticipating the end of the contract and the end of the obligation of exclusivity that results from it. Since June 1, 1995, a supplier (…) BSBs also contain detailed information about the buyer and seller. The agreement covers all pre-negotiation deposits and acknowledges parts of the agreement that have already been completed.
The agreement also records the date of the final sale. The Swedish Competition Authority accepts the obligations of training companies- Bruce is a company that offers training services.