Question
Sophie the CFO of Young Cold Country Wines Pty Limited is looking to expand the retail market of wine further into the Asia Pacific Region
Sophie the CFO of Young Cold Country Wines Pty Limited is looking to expand the retail market of wine further into the Asia Pacific Region as she sees a growing market for white wine especially in Vietnam. Sophie has been in discussions with Chau the CFO of a Vietnamese company Wines Vietnam Pty Limited ("The Company"). Chau would like the Company to be the distributor of Young Cold Country Wines in Vietnam. Sophie has decided to enter into distribution with the Company in Vietnam, she wants to ensure the following:
- that the Company promotes Young Cold Country Wines in Vietnam;
- The geographical area that the Company operates in is limited to Vietnam;
- That any dispute will be resolved through arbitration; and
- A three-month notice period to be given by either party in the event they wish to terminate the arrangement.
Draft contractual clauses that incorporate Sophie's instructions.
Also, advise Sophie of any other clauses you think should be included in the contract to protect the Young Cold Country Wines' interests.
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