(1) That party did not voluntarily perform the contract. As with prenuptial agreements, States are free to dictate their own requirements of validity. For example, one of the requirements in Minnesota is that each spouse must own property worth at least $1.2 million before a postnuptial agreement is effective. See Minn. Stat. Ann. § 519.11. (a) “prenuptial agreement” means…
The manufacturer or seller must also determine whether the distribution agreement is exclusive or non-exclusive. In an exclusive agreement, the specified distributor is the only distributor with the right to sell the product in a specific geographic region or in multiple regions. If the agreement is not exclusive, the manufacturer or seller may supply other distributors who sometimes compete…