A var supplier (value added) is a company or company specializing in the resale of products or services, often in the fields of IT and technology, and the addition of functions or services or the development of products or services to resell them as a full value-added package. 1. The added value provider agreement provides that a software developer sells its programs to a reseller who can then combine the programs with other software or hardware. The combinations are then marketed as “value-added products.” Many VARs are called by this name, but are really just resellers. The agreement therefore provides for this option. Make sure these conditions are right for you. An official license for LESRs by the manufacturer is important to continue developing and adding features to the product to create a value-added product that both parties can benefit from. It is important to ensure that a VAR agreement is in line with commercial objectives and that its provisions are realistic. Since VAR agreements are legally binding, non-compliance with contractual conditions can result not only in early termination of the contract, but also in legal action and fines. A. Developer grants and VAR accepts a limited and non-exclusive license for products under this agreement. The license provided allows VAR to combine or include products with other var software or hardware in order to increase or increase the value, functionality or usefulness of this software or hardware for VAR`s end customers. VAR is not authorized to use the products for their internal activities.
The VAR may not copy, distribute or transfer any of the products unless this is intended. This non-exclusive value-added agreement (as well as all parts and appendices of the “agreement”) will expire on January 29, 2004, (“Effective Date”) between Micro Focus (US), Inc. and its affiliates (“Micro Focus”), a Delaware company operating in 9420 Key West Avenue, Rockville, MD 20850, and Lawson Software, Inc. and its related companies (var) St Paul, MN 55102-1302. As part of this agreement, Micro Focus authorizes var to sell certain Micro Focus products that VAR will market as an added value element on its own VAR products and market them to end-users on the national territory. Value added comes either from combining a set of independent products from different suppliers, or from the addition of services such as consulting, customization, support or training. As the VAR strives to develop the product or service provided by the manufacturer for marketing, both parties should be informed of how the product is marketed and the percentage of profits that both parties can share, as well as a detailed plan of the sales organization and activities of the product. In addition, the detailed plan may contain several provisions, such as the hiring of experts and technicians by the VAR or the marketing of the product by other companies. This part is considered to be one of the VAR`s obligations to ensure that they take appropriate action to market the product. Var intends to accept a license for certain developer products, as stated on Schedule A (“products”), and to enhance and market value-added products in accordance with this agreement.