01 Dec PCD Pharma Franchise Marketing Agreement
PCD Pharma Franchise Agreement – Most of us know how the system of franchise works. It is like acting as marketing cum sales agency for a company’s products or services. In the same way, the system works in the Pharma industry as well. It is the authorization granted by a Pharma Franchise company to an agency or individual to promote and sell its products.
It is a way of providing full access to the agency to use the brand name of the Pharma Company for carrying out the commercial activity, which is certainly based on mutually agreed terms and conditions. No doubt, the grant is provided only for a specific area or region.
Important points to know about Pharma Franchise Marketing Agreement
There are a number of aspects related to the agreement that happens in the case of the PCD Pharma Franchise. Some of them are mentioned below:
- A number of things are required for the agreement, such as two witness, stamp paper, rubber stamp of the Pharma company and the agency, proof of residential addresses of both the parties, address-proof of the offices, and signature of both the parties on the stamp paper containing mutually agreed terms& conditions.
- Before signing the agreement, it is necessary to ensure that the Pharma Company is an ISO certified one. In addition, also make sure it is also certified by WHO.
- Taking a look at the inventory of the PCD Pharma Company is also necessary in this regard. Before signing the agreement, it would be better to ensure that the Pharma Company has wide range of products in its stock.
- Take a look at the terms and conditions that are related to the provision of marketing tools. It would be better if the Pharma company provides different types of marketing elements, such as MR bags, pamphlets, brochures, sample medicines, etc.