I am looking for comments regarding the following topics in contracts between the brewery and a distributor:
1. Termination:
a. time frames (90, 60, 30 day notices by either party)
b. buy-outs when termination is initiated by the brewery. I have am reviewing a contract right now that states 2 times the previous years gross profits this is how they want to calculate "fair market value".
Let me know what you have in your contracts regarding these two topics. I am very interested to see what is going on around the country.
Thank you very much in advance!
Shawn
North Star Craft Brewery
1. Termination:
a. time frames (90, 60, 30 day notices by either party)
b. buy-outs when termination is initiated by the brewery. I have am reviewing a contract right now that states 2 times the previous years gross profits this is how they want to calculate "fair market value".
Let me know what you have in your contracts regarding these two topics. I am very interested to see what is going on around the country.
Thank you very much in advance!
Shawn
North Star Craft Brewery
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