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Nadia McLeod from RPM Legal Kits explains how to reduce legal costs using online template kits. She discusses reseller agreements, which are essential when a company wants to buy and sell your product. These agreements outline key aspects such as pricing, ownership, privacy, and liability concerns. They are legally binding and govern sales, marketing, and product support, helping to protect you from liability claims while addressing potential issues. The agreement clarifies the reseller's role, ensuring they are not classified as an agent. Typically, ownership of the product remains with the supplier until full payment is received from the reseller, even if the product has already been in the market.
