Explain PCD Pharma Franchise Distribution and Market Agreement
One of the most flourishing and promising businesses with assured returns; is the PCD Pharma Franchise Company in India. Opting for a PCD pharma franchise is the best option for all who wish to start their business in the pharmaceutical sector.
This Propaganda cum distribution business offers marketing and distribution of pharma drugs, pharma products, and pharma medicines. It entails no sales targets, a smaller geographical area, and extensive support from the pharmaceutical company. One would need good salesmanship and marketing techniques for this business. It ensures good profits and ROI.
Like any other business, though, this business also has some risks in it. The main risk factor for a PCD pharma franchise company is the risk of termination from the pharma company. In recent times, many fraudulent distributors and fake pharma companies have come under the scanner.
Sometimes, even the carelessness of particular firms has made the franchise owners suffer. In such scenarios, binding the client and the pharma company by a mutual agreement is the best resource to prevent any unpleasant experience in the future. A contract or agreement is often made based on the discussion, demands, and offerings between both parties.
This pharma distribution and marketing agreement are signed between the franchisee – pharma franchise distributor and pharma Franchise Company – franchiser. It binds together both the parties based on the give-and-take of their negotiated settlement.
A PCD pharma franchise distribution and marketing agreement ensure mutual trust and security. It is a legal contract that specifies out all of the terms and conditions for both parties.
Perks of PCD Pharma Franchise Distribution and Market Agreement
A PCD pharma franchise marketing agreement is essential for securing the business. The agreement entails various elements that are beneficial for the pharma manufacturer and the pharma franchise member. The benefits of it are as listed below:
- When the pharma company launches its new products, the franchisee partner can seek its PCD pharma marketing. They can take advantage of additional benefits based on their mutual agreement.
- Both the parties are aware and prepared in advance about all the incidences that may affect your business. For example, the rules, termination dates, rights, etc.
- The agreement has all the terms and conditions mentioned in it. It reduces the consequences of any dispute that may arise in the future.
- It also aids in the development of a positive relationship with the company.
- The agreement gives a clear idea about the future to draw a measure of certainty.
- The goals and expectations of each partner are clear – to avoid any confusion or conflict in the future.
- This agreement is quite helpful to avoid any legal litigation – as most of the matters are covered and sorted out through it.
- Such agreements can save both parties a lot of time, energy, and money in the long run.
- It acts as an official record between both parties.
Some fundamental aspects to consider before entering into a PCD pharma franchise marketing agreement
A Pharma franchise marketing and distribution agreement is voluntary, and it depends on both parties if they wish to have it or not. But if they do so, then it is essential to in a written format. This agreement is crucial to avoid any untoward situations in the future.
Some of the key elements to ensure before you sign the franchise marketing agreement are as below:
- Your territory or business area should be well-defined. This area or region denotes – the locations where you can sell your PCD pharma products.
- Most times, the PCD Company offers monopoly rights over the designated area or territory for the partner. This exclusivity should be well-defined in the agreement.
- If in case, there are other distributors in the territory or region assigned to you – then the agreement should clearly state the same.
- The range of pharmaceutical drugs/ medicines/products that one can sell should be mentioned in the agreement. It should indicate the limitations of marketing the medicines or products.
- The clauses governing the renewal of certain conditions – whether they are to be renewed automatically or with the parties’ approval – should be covered.
- A clause specifying the MOQ – minimum order quantity
- The optional clause regarding the resale price
- A clause governing the terms and conditions of unsold goods.
- A clause on late delivery and late payment.
- Clause covering everything about payments- penalties, payment method, missed or late payments.
- Check a few vital details to ensure authenticity such as below:
– Rubber / Elastic stamp of the company
– Stamp paper
– Should have two witnesses while signing the agreement
– The registered address of the pharma company
Conclusion
The best way to maintain trust and have a sense of security between both parties is by signing a marketing and distribution agreement. Fraud from any partner or termination may result in a loss for the other.
Such vulnerable acts like untimely termination in a PCD franchise business may occur in the absence of an agreement. As a result, a written and duly signed PCD pharma franchise distribution and marketing agreement should be required.
Tesni Pharmaceuticals lays great emphasis on the transparency of PCD pharma franchise terms and conditions. All the conditions are decided after mutually agreeing with the franchise partner. Contact us to have a better idea of it and be our franchise partner. You can call us on 9824382041. At the same time, you can reach out to us on tesnipharmaceuticals@gmail.com
Also Read: How can a pharma student benefit from PCD Pharma Franchise