Appointment of Agent Agreement

27 Ene Appointment of Agent Agreement

7. The Company will reimburse the Agents for all reasonable costs of transporting or delivering such Goods, as well as other reasonable costs associated with the sale of the Goods. 2. Agents shall carry out the sale of the Company`s products and work conscientiously in the promotion and sale of the Company`s products. 17. Upon termination of this Agreement, the Agents will deliver to the Company the goods that remain unsold, all invoice books and documents relating to this Agency. 8. Officers shall keep appropriate records of (i) all goods received from them; (ii) details of the sale; (iii) credits granted for goods. The executive and authorized officers of the Corporation have the right to inspect such accounts at reasonable times, who may also make copies or extracts thereof or any of them. CONSIDERING that the Company manufactures various electronic and household appliances and that agents who have adequate infrastructure to exhibit the Company`s products have approached the Company to appoint them as its representative in the State of Rajasthan for the promotion and sale of the Company`s products in the said region. 18. The Agents may not assign or transfer the Agency in any way to any other person without the written consent of the Company. 6.

The Company will deliver the goods to the agents at its own expense and invoice them in writing as soon as possible after receipt of the order. (12) During the continued existence of the Agency, representatives may not buy, sell or exchange products manufactured by the Company for or on behalf of any person other than the Corporation without the written consent of the Corporation. (20) This Agreement is signed in duplicate. The original is kept by the Company and reproduced by the Agents. Agents shall bear stamp duty and other costs on the original and duplicate of this Agreement. 4. Agents are entitled to a commission of 4% (four per cent) on the net proceeds from the sale of these goods. However, the commission is payable on the money actually received and not on unpaid debts. 14.

Agents file with the Company a guarantee of Rs……… in cash for the proper performance of this Agreement. Agents are entitled to simple interest at the rate of 18% per annum on the amount of the guarantee deposited by them with the Company, to be paid each year at the time of settlement. Without prejudice to its other rights, the Company may, in its sole discretion, correct any due date or loss it suffers as a result of the breach or non-compliance with the terms of this Agreement. (16) Either party may terminate the contract with three months` written notice to the other party. The accounts between the parties shall be settled and definitively corrected within three months from the date of termination of the Agency. 11. The Company has the right to provide reasonable instructions and instructions to the Agents during the period of existence of the Agency in connection with the sale of the Company`s Products or otherwise in connection with the Agency`s activities, and the Agents shall obey and follow such instructions and instructions, unless this is prevented by an unavoidable reason. AND CONSIDERING that the company has accepted the agent`s offer to be its sole sales agents for the state of Rajasthan. 5. The Company will not make direct sales of its products in the territory of the State of Rajasthan and all requests, orders and correspondence received by the Company in connection with this territory will be forwarded to the agents for processing.

1. The Company appoints the Agents and the Agents agree to act as the company`s exclusive sales agents for the State of Rajasthan as of ……….. or a period of five years for the promotion and sale of the Company`s products in the said area. 9. Agents shall provide truthful and appropriate accounting for (i) all goods received from them; (ii) all orders received by them; (iii) details of all sales; (iv) other transactions made and (v) all funds received and spent on and on each quarter`s property to the Company during the first week of each quarter. The Company has the right to audit the accounts with the books of accounts. 15. The Company may terminate this Agreement if the Agents fail to comply with the terms of this Agreement or if the Company does not sell the Company`s products satisfactorily. The Company`s opinion is final in this regard. However, the Company will inform the agents of one month in order to make its statement as to the reasons why the Company intends to terminate the Contract. 19.

All disputes and disputes of any kind arising out of or in connection with this Agreement shall be subject to arbitration and the final decision of an arbitrator to be agreed upon and appointed by both parties, or in the event of disagreement regarding the appointment of a sole arbitrator to appoint two arbitrators; an arbitrator must be appointed by each party, and if there are two arbitrators, they shall appoint, before assuming the office of reference, a third arbitrator to act as presiding arbitrator. Such submission to arbitrators shall be deemed to be subject to arbitration within the meaning of the Arbitration and Conciliation Act 1996 or any amendment thereto. The arbitral award of the arbitrator(s) shall be final and binding on the parties. (3) Agents shall sell the goods in the retail trade at the retail prices fixed by the company. Agents may not sell the goods in the retail trade below the retail price set by the company. 13. Vicarious agents may not pledge goods delivered to them by the Company without the written consent of the Company. Agreement on the appointment of an exclusive distribution agent for a specific territory AS a WITNESS of the latter, the parties have had their common seal affixed to these gifts and a duplicate of them, namely the date and year written above 10. The parties will process invoices for the sale of goods and other matters on that day each year. M/s.

……………….,, a partnership registered under the Indian Partnership Act, 1932, consisting of its three partners, namely (1)……… (2)………… and (3)….. and his office at …………… hereinafter referred to as «the Agents» (this expression, unless it is contrary to the context or the meaning thereof, designates, for the time and time to time, the partners who form the said partnership, the survivors or survivors thereof, the heirs, executors and administrators of such a last survivor) of the second part. This Agreement is signed at ……… that…………… Day of……………

20…………… between: NOW THIS DOCUMENT THE WITNESSES AND THE PARTIES HEREBY AGREE AS UNDER M/s …….., a corporation incorporated under the Companies Act, 1956 and having its registered office at …….. hereinafter referred to as «the Company» (this term, unless otherwise in the context or within the meaning thereof, refers to and includes its successors and assigns) of the first part. . . .