Licensee (Exclusive)

• The licensee prospect has to submit a marketing plan to United-Tech, Inc. to be approved by the licensee board.
  
• Receives an exclusive geographical area and can set up distributors or dealers within their exclusive area.
  
• Has the rights to United-Tech, Inc. liquid stabilization formula.
  
• The licensee purchases United-Tech, Inc. products at a special low price available only to licensees, and the licensee has no per order purchase minimums.
  
• United-Tech, Inc. provides initial in-house or in field training (3-5 days) and ongoing technical support not only by fax, email and telephone, but also including any United-Tech personnel making onsite visits, with United-Tech charging just for actual expenses (airfare, hotel, meals, etc.). No hourly or daily consulting fees.
  
• United-Tech refers all prospective customer leads it receives in the licensee's exclusive area directly to the licensee.
  
• Receives a written license agreement that cannot be canceled unless nonperformance or other violations.
  
• Licensee can repackage the dry formula from bulk product to smaller sizes with United-Tech's approval.
  
• Pays a one-time License Fee, front end, which is partially redeemable in United-Tech, Inc. products. This fee is established by United-Tech, Inc. Licensee Board based on market size, geographic area, and the number of United-Tech, Inc. products covered under the license.
  

See Also: Distributor