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In this video tutorial, the narrator discusses essential elements to consider when drafting a distribution agreement. The first key point is to have a clear understanding of the products involved; the agreement must explicitly outline which products the distributor is authorized to distribute. This is crucial, especially for exclusive rights, such as those granted for distribution in a specific country like Australia. By clearly defining the products covered by the exclusive rights in the agreement, it helps prevent any future disputes between the parties regarding their respective rights and obligations concerning the goods.
