Syndication Agreements

Updated: May 20, 2021
Contents

What is Syndication?

Syndication represent a method for distributing products from one marketplace to another. Generally, syndication enables to synchronize product data across multiple sales channels while complying with their business and legal requirements.

Syndication can be increasingly important for Connect users, since syndicating can drastically increase product exposure. Which in turn helps Connect users reach new audience and new potential customers.

Your organization can also skyrocket the sales by distributing a product across different marketplaces. Customers tend to use various platforms and sales channels for various needs. For instance, a customer can acquire certain products by using global marketplaces (eBay, Alibaba, etc.), while this customer can buy specific products from niche-focused platforms (like ASOS or Bonanaza).

Therefore, syndication enables Connect users to address flexibility and diversity in their marketing strategies, which consequently greatly increases the company’s sales.

Overview

Distributors create a syndication agreement to sign a syndication contract with Resellers on the CloudBlue Connect platform. Thus, Connect enables Distributors to establish sale chains via Reseller marketplaces by creating syndication agreements and activating syndication contracts.

The following diagram illustrates syndication agreements and syndication contracts data model.

As displayed in this diagram, Distributor uses a distribution contract with Vendor and a syndication contract with Reseller to distribute specified Product via two marketplaces, one owned by Distributor and another one owned by Reseller.

Creating Syndication Agreements

Create a syndication agreement to define terms and conditions for your syndication contract. Follow the steps below to successfully create a syndication agreement.

1. Start creating a new agreement

Click the Create Agreement button to start creating a new agreement.

2. Specify agreement attributes

Fill out the following agreement form:

  • Type: Select the Syndication agreement type.
  • Name: Enter a name for your agreement.
  • Description: Provide a description for your agreement.
  • Document source: Select External Document to provide a link to your agreement document or choose Uploaded File to upload a document file (in the PDF format). Otherwise, select None to show your Partner only the text from the description field.
  • Activate version: Activate your agreement version by checking this checkbox. In case this checkbox is left unchecked, your agreement version can be specified and activated from the agreement details screen.

Click the Create button to finalize your agreement creation.

Therefore, your generated syndication agreement will be displayed on the list within the Agreements tab. Note that you can review your created syndication agreement details by clicking on the agreement name.

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