E-Commerce client finalizes $2.1M international exclusive licensing and distribution deal with global distributor

A confidential e-commerce client finalizes a multi-year exclusive licensing and distribution deal with a global distribution company valued at USD $2.1 million dollars. Velletta Pedersen Christie represented the licensor with a team led by Sankar Nair who attended to drafting, revising, negotiating, and finalizing the exclusive licensing and distribution agreement. Key components of the deal included obligations between the parties, intellectual property ownership and licensing, payment terms, terms related to shipping and deliveries, recall procedures, and indemnification provisions.