20:59
got a random stanford email and almost had a heart attack
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LSDefine
Simple English definitions for legal terms
distributorship
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A quick definition of distributorship:
Definition: A distributorship is a type of business where a person or company sells products to individual customers in a specific area. It is like a franchise where the distributor has the right to sell a particular product in a particular location. For example, a car distributorship would sell cars to people in a specific area. A dual distributorship is when one party operates a branch or dealership on the same market level as one or more of its customers.
A more thorough explanation:
Definition: A distributorship is a type of franchise where a person or company sells merchandise, usually in a specific area, to individual customers. For example, a car distributorship would be a franchise held by a person or company who sells cars to individual customers in a specific area.
Example: A company that sells cleaning products may offer distributorships to individuals or other companies who want to sell their products in a specific area. The distributor would then be responsible for selling the products to individual customers in that area.
This example illustrates the definition of distributorship because it shows how a person or company can hold a franchise to sell merchandise in a specific area to individual customers.
Dual distributorship: This is a business structure in which one party operates a branch or dealership on the same market level as one or more of its customers. For example, a car manufacturer may operate a dealership in the same area as one of its independent dealers.
This example illustrates the definition of dual distributorship because it shows how one party can operate a branch or dealership on the same market level as one or more of its customers.