MI Sumeet and Has Decided To Give Manufacturing and Selling Rights For The
MI Sumeet and Has Decided To Give Manufacturing and Selling Rights For The
1. The company appoints the Other Part for manufacturing and marketing
rights for the whole of India as well as Overseas and the Other Part agrees
to act as such sole selling agents for the whole of India on the terms and
conditions contained herein.;
3. The Other part hereby agrees and undertakes that the monthly
compensation payable for the manufacturing and selling of the said
product will be payable before ____ of every month.
4. The appointment will be for a period of ________ years commencing
from the date of this agreement. However, it may be extended for further
periods not exceeding five years on each occasion.
6. The Other Part with its own cost and expenses has all the rights to give
advertisements in newspapers, journals, magazines, cinema slides or by
any other means.
7. The Other Part has all the rights to appoint Distributers for the sale of the
Said Products, the Other Part has all the rights to remove any Existing
Distributorship and alternatively to use the Distributor for selling of the
Said Product.
8. The Other Part will be entitled to appoint sub-agents for any State/District
or any particular area in the country or Overseas and on such terms and
conditions as the Other Part may think fit. However the First Part shall
not be liable for any dealing between the Other Part and its sub-agents.
9. The Other Part hereby agrees and undertakes that the after sale services
will be taken care by the Other Part of the Said Product and any kind of
Litigation arising about the Said Product after the execution of this
agreement, the One Part agrees and undertakes that all the prior litigation
and disputes related to Said Product will be handled and resolved by the
Party of the One Part.
10.The Other Part shall submit to the First Part weekly return of the business
secured and details of the total business done.
11. The Other Part shall not make any representation on behalf of the One
Part except in conformity with the instructions issued by the One Part.
12.The Agreement may be terminated by the One Part, at any time during
the agency period of five years, after giving one month's notice thereof, in
case the Other Part fails to comply with the instructions issued by it or if
it omits to comply with its obligation imposed upon it under this
agreement or if the Other Part fails to monthly compensation amount or if
the One Part feels that the Other Part is guilty of any conduct, which is
prejudicial to the interest of the One Part and in this matter the decision of
the One Part will be final. The Other Part may also terminate this
agreement at any time during the agency period, after giving one month's
notice thereof.
WITNESSES;
1.
2.