Opti-Med Inc., a U.S. firm, signs a contract with Pharma Ltd., a Canadian firm, to give Pharma the right to sell Opti-Med's products in Canada. This is

Name: Opti-Med Inc., a U.S. firm, signs a contract with Pharma Ltd., a Canadian firm, to give Pharma the right to sell Opti-Med's products in Canada. This is
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Question

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A distribution agreement is when a company grants another company the right to sell its products in a specific territory, which is what Opti-Med Inc. is doing with Pharma Ltd. in Canada.