Preview | Sales Representative Agreement | Vertomed International, Incorporated; Micro Therapeutics Inc.

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Sales Representative Agreement

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Title:

Sales Representative Agreement

Entities:

Micro Therapeutics, Inc.; Vertomed International, Incorporated; Micro Therapeutics Inc.

Date:

2002

Size:

Preview shows 2KB of 50KB total

Price:

$43

ID:

#106626

► Fee Agreements ► Representative ► Sales Representative Agreements
► Healthcare ► Medical Equipment & Supplies

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                         SALES REPRESENTATIVE AGREEMENT



        THIS AGREEMENT is made as of November 16, 2001 ("Effective Date"), by

and between Micro Therapeutics, Incorporated, a Delaware corporation with its

principal place of business at 2 Goodyear, Irvine California ("MTI") and

Vertomed International, Incorporated, a Delaware corporation with its principal

place of business at 11400 73rd Avenue North, Maple Grove, Minnesota

("Vertomed").



        WHEREAS, MTI develops, manufactures and markets minimally invasive

devices for the treatment of neuro and peripheral vascular diseases;



        WHEREAS, Vertomed provides international sales, marketing and

distribution services to third parties;



        WHEREAS, MTI wishes to appoint Vertomed as its exclusive sales

representative for the marketing and promotion of the Products in the Direct

Territory and to provide certain services on MTI's behalf on the terms set out

in this agreement.



        NOW, THEREFORE, the parties hereto agree as follows:



1.  DEFINITIONS.



        a. "Dedicated Employees" shall have the meaning set forth in Section

           3(c).



        b. "Marketing Plan" shall refer to each marketing plan for the Product

           developed pursuant to Section 2(b) hereof.



        c. "Products" shall mean all of MTI's current and future products,

           including all the neuro and peripheral vascular devices; the current

           products are listed on Exhibit A as amended from time to time by the

           parties.



        d. "Promotional Materials" shall have the meaning set forth in Section

           3(d).



        e. "Services" shall mean the inventory management, accounting,

           invoicing, collection and administrative services that Vertomed shall

           provide for MTI under this Agreement.



        f. "Direct Territory" shall mean the countries set forth in Exhibit B as

           may be amended from time to time by mutual agreement of the parties.



        g. "Distributor Territory" shall mean the countries set forth in Exhibit

           B as may be amended from time to time by mutual agreement of the

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