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Agreement
By Manufacturing Company To Appoint Agent.
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This
Agreement is made on this ..............day of................. 19......
between :
1. X.
Co. Ltd. Of Bombay, hereinafter called the manufacturer ;
and
2. Mr. C s/o Mr. D r/o XYZ, hereinafter
called the agent.
1. Whereas the manufacturers
are manufacturing Electronic Products and are desirous to appoint an
agent for the sale of the products.
2.
And whereas the agent has approached and is willing to work as agent
of the manufacturer.
NOW
THIS AGREEMENT WITNESSES AS UNDER :
1.
The manufacturer appoint Mr. C as agent of the products of the manufacturer
for the area specified here under ....................... (Specify the
area for which agent has been appointed).
2.
The appointment of the agent is made by the Board of Directors with
the condition that the appointment is subject to approval by the General
Body at its first general meeting after the appointment of the agent and
if it does not approve the agreement shall cease to be valid.
3. This appointment shall be effective
for a period of three years from the date of appointment. However, the period
can further be extended for the period not exceeding more than three years'
on each period of extension.
4.
The manufacturer undertakes that no retailing shall be made below the rates
as under (here specify the rates).
5. The agent undertakes not to
sell goods in retail below the rates given in the agreement.
6. The agent shall be entitled
to an agency commission of 5% on the sale price of the goods.
7. That the agent shall get the
consignment on 30 days' credit. The agent shall make the payment of
the consignment within 30 days' from the date of receipt of the goods.
8. That the manufacturer shall
not sell the goods in the areas for which the agent has been appointed.
All correspondence etc. In this regard, if received by the manufactured
shall be forwarded to the agent for doing the needful.
9. The agent can appoint sub-agents
in the areas of agency.
10. The manufacturer shall execute
all orders of the agent according to availability of the stock with them.
11. That the agent shall not place any
order for a quantity below the minimum supply of the goods. In the same
way the manufacturer shall not supply below the minimum quantity of goods
to the agent.
IN WITNESS whereof the parties have executed these presents of the day,
month and year first above written. |
Sealed,
signed and delivered
by Mr. A pursuant to
Board Resolusion dated
......... of X & Co. Ltd |
__________________________ |
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(Secretary)
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Sealed,
signed and delivered
by Mr. C. |
__________________________ |
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Mr.
C ( Agent )
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| In
the presence of |
| 1.
............... |
| 2.
............... |
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