A more recent version of these Material Contracts Reviewed notes – written by Cambridge And Oxilp And College Of Law students – is available here.
The following is a more accessble plain text extract of the PDF sample above, taken from our Private Acquisitions Notes. Due to the challenges of extracting text from PDFs, it will have odd formatting:
M&A Workshop 3
PREP TASK MATERIAL CONTRACTS REVIEWED Name of Documen t
Parties and Date
Supply and Marketin g Agreeme nt
YB Foods Limited ("YB Foods") And Garcia Alumbra SPA ("Garcia") DATE: 24th March 2011 (first expires 24th March 2014 but automatic renewal)
Supply Agreeme nt
Mayson Plastics Limited ("Supplier") And YB Foods Limited ("YB Foods") DATE: 21st April 2011 (first expires 21st April 2015 but automatic renewal)
Software Licence Agreeme nt
Ais Limited ("Supplier") And YB Foods
Subject Matter of Contract
Rights of renewal
Commercial Contract This agreement relates to the supply and marketing of the products of YB Foods Limited and Yoplam SARL in supermarkets operated by Garcia across Spain and Italy
3 year term after which time it will continue unless terminated by three months written notice by either party.
Three months written notice by either party.
Supplier to supply and YB Foods to purchase form supplier EV147 packaging units under the terms of the contract.
4 year term after which time it will continue unless terminated by a six month notice by either party.
Six month notice
Yes Mayson may terminat e the contract on change of Control
10 Years. (expires 9th January 2022)
For breach of contract at any time on written notice
Yes - Ais can terminat e the contract
Change of Control
Immediate termination rights for both parties in the event of a material breach of any obligation.
Fee Structures Confidentiali ty requirement s on both parties
Yes - the software cannot be assigned without AIS
Govern ing Law
- Price of products determined by an agreed formula based on agreed sales levels (details available on request)
- YB Foods to comply with all food and labelling regulations in all jurisdictions where the products are sold and reimbursement to Garcia in relation to any breach of this obligation.
- Garcia to display and storage requirements
- Exclusivity clause, which limits the ability of seller to deal with other.
- There is a minimum purchase obligation.
No sub-licensing, assignment, transfer of the license or the software.
M&A Workshop 3 DATE: 9th January 2012 (expires 9th January 2022)
on change of control
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