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  • Super Distributor MOU Agreement

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    Malay Thaker
    713 views3 pages
    This document outlines an agreement between Khushi Foods Ltd and Super Marketing to appoint Super Marketing as a super distributor. Key points: 1) Khushi Foods will allocate Super Marketing a geographical area and customers to cater to, and sell goods directly to Super Marketing. 2) Super Marketing will make daily payments to Khushi Foods and raise invoices for smaller distributors, while Khushi Foods handles delivery and collection. 3) Khushi Foods takes responsibility for any payment issues from smaller distributors and will compensate Super Marketing accordingly. In return Super Marketing will receive a commission based on its monthly net investment amount.

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    This document outlines an agreement between Khushi Foods Ltd and Super Marketing to appoint Super Marketing as a super distributor. Key points: 1) Khushi Foods will allocate Super Marketing a geographical area and customers to cater to, and sell goods directly to Super Marketing. 2) Super Marketing will make daily payments to Khushi Foods and raise invoices for smaller distributors, while Khushi Foods handles delivery and collection. 3) Khushi Foods takes responsibility for any payment issues from smaller distributors and will compensate Super Marketing accordingly. In return Super Marketing will receive a commission based on its monthly net investment amount.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    713 views3 pages

    Super Distributor MOU Agreement

    Uploaded by

    Malay Thaker
    This document outlines an agreement between Khushi Foods Ltd and Super Marketing to appoint Super Marketing as a super distributor. Key points: 1) Khushi Foods will allocate Super Marketing a geographical area and customers to cater to, and sell goods directly to Super Marketing. 2) Super Marketing will make daily payments to Khushi Foods and raise invoices for smaller distributors, while Khushi Foods handles delivery and collection. 3) Khushi Foods takes responsibility for any payment issues from smaller distributors and will compensate Super Marketing accordingly. In return Super Marketing will receive a commission based on its monthly net investment amount.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 3

    M.O.

    U/AGREEMENT FOR SUPER DISTRIBUTOR

    This M.O.U/Agreement is made, and entered into, at Ahmadabad on _______________,


    _______ July 2017.

    BETWEEN

    M/S.KHUSHI FOODS LTD, a company duly incorporated under the Indian Companies Act,
    1956 having office at 808, 8TH Floor, Parshwanath Business Park, Near AUDA Garden,
    Ahmedabad-380051, represented by Mr. Rajendra Sharma the Managing Director of the
    Company, hereinafter referred to as “COMPANY” of the FIRST PART-which expression shall
    unless repugnant to the context or meaning hereof shall mean and include the executives,
    legal representatives, successors and assigns of the said KHUSHI FOODS LTD.

    AND

    M/S SUPER MARKETING, a proprietorship firm having office at, B/24, Satellite Plaza, Nr.
    Mansi Complex, Vastrapur, Ahmedabad-380015 represented by its Proprietor, Harsh
    Ashokkumar Agrawal, hereinafter referred to as “SUPER DISTRIBUTOR” of the SECOND
    PART- which expression shall unless repugnant to the context or meaning hereof shall mean
    and include the executives, legal representatives, successors and assigns of the said SUPER
    MARKETING.

    COMPANY and SUPER DISTRIBUTOR shall collectively be referred to as “Parties” hereinafter.

    The COMPANY is engaged in the production and marketing of “KHUSHI’S” having


    production/packing unit at Mahuva town of Bhavnagar District of Gujarat. The COMPANY
    markets its products mainly in Gujarat and surrounding states vide a wide distributor
    network. In order to promote its brand make the secondary marketing channel more
    efficient. The company is seeking to appoint Super Distributors for marketing its products to
    secondary distributor and wholesalers.

    WHEREAS the SUPER DISTRIBUTOR is a financially sound firm, desirous of mobilizing its
    financial resources to help COMPANY efficiently market its branded products among a large
    haze of buyers, and in doing so, expects a good returns on its financial investment.

    NOW THIS DEED OF LEASE WITNESSETH AS FOLLOWS.

    SCOPE OF WORK OF COMPANY

    1. The company will allocate a desired geographical area, and or enlist several buyers/
    customers whom the SUPER DISTROBUTOR shall be given to SUPER DISTRIBUTOR
    cater to

    1|Page
    2. The company will sell and bill its goods to SUPER DISTRIBUTOR. The original copy of
    the company’s bill to SUPER DISTRIBUTOR shall be given to SUPER DISTRIBUTOR.
    3. The company shall print sale bills of SUPER DISTRIBUTOR to smaller distributors
    and/or wholesalers at the factory/admin/registered office itself, and the duplicate
    copies of the all such sale bills shall be provided to the SUPER DISTRIBUTOR. The
    Original copies of these bills shall be forwarded to end-buyers and/or smaller
    distributors by the transporter.
    4. The COMPANY will provide SUPER DISTRIBUTOR with a list of bills raised to the
    buyers and/or small distributors on a daily basis.
    5. The COMPANY will have its collection officer who will organize/arrange payments of
    SUPER DISTRIBUTOR’s bills as per the terms and condition of sale which 60days
    from the bill date, and have these payments remitted to SUPER DISTRIBUTOR.
    6. Any payment towards sale bill of SUPER DISTRIBUTOR i.e. payment from debtors
    which is not received by SUPER DISTRIBUTOR the same outstanding amounts will be
    reimbursed by the COMPANY.
    7. Any amount of Bad Debts/Sales Return/Discount/Rate Difference/Quality Difference
    or any other reduction/non receipt of payment will be entirely borne by the
    COMPANY immediately which such instances are noticed.
    8. For any instance of goods return which is sold by SUPER DISTRIBUTOR the amount
    of such sale bill will be immediately reimbursed/remit/returned by the COMPANY.
    9. Company will be solely responsible for delivery of goods to end-users and/or smaller
    distributors.
    10. COMPANY shall be responsible of fulfillment of sales contracts booked, collection of
    payments on behalf of SUPER DISTRIBUTOR and SUPER DISTRIBUTOR shall not be
    liable whatsoever for these contracts and payments from the debtors of Super
    Marketing.

    SCOPE OF WORK OF SUPER DISTRIBUTOR

    1. SUPER DISTRIBUTOR will make payment to COMPANY against the bills raised to it on
    the very next day of company’s bill date by RTGS.
    2. SUPER DISTRIBUTOR shall raise sales invoice to smaller distributors and/or
    wholesalers allocated to it. These bills will be printed by company itself at the
    factory/admin/registered office and forward to buyers along with the transporter.
    3. SUPER DISTRIBUTOR shall maintain a list of outstanding receivables of buyers and/
    or wholesalers and provide the same the same to COMPANY on a weekly basis.
    4. SUPER DISTRIBUTORS shall report any short payments other than cash discount to
    the COMPANY.

    TERMS AND CONDITIONS

    1. SUPER DISTRIBUTOR shall set aside a minimum investment amount of Rs.


    ___________ (Indian Rupees______________) as part of this agreement to be able
    to make payments to company as stipulated. Gradually SUPER DISTRIBUTOR shall
    increase investment as suitable to itself.
    2. COMPANY shall pay the SUPER DISTRIBUTOR a commission/remuneration/rewards of
    ______________per month on the Net Investment Amount on pro-rata basis on

    2|Page
    monthly basis. The Net Investment statement shall be presented by the SUPER
    DISTRIBUTOR for each month. Net Investment is defined by difference between
    payments made by SUPER DISTRIBUTOR to COMPANY and payments received from
    end customers/debtors of SUPER DISTRIBUTOR on a daily basis.
    3. The COMPANY shall issue relevant Credit note to SUPER DISTRIBUTOR for
    commission/remuneration/rewards, prescribed in clause 2 above, every month.
    4. COMPANY bears full responsibility for any short payments (other than cash discount)
    and/or defaults/sales returns by end buyers and/or wholesalers/debtors of SUPER
    DISTRIBUTOR. SUPER DISTRIBUTORS shall intimate COMPANY of any such short
    payments and/or defaults/sales returns. COMPANY shall try to collect such short
    payments and if not collected, COMPANY will compensate to SUPER DISTRIBUTOR
    for these short payments/defaults/sales returns.
    5. Any disputes related to COMPANY’s products including quality or rates, or any other
    problems related to sales contract’s terms and conditions is the sole responsibility of
    the COMPNY. The SUPER DISTRIBUTOR shall not be liable for any of these disputes,
    either monetarily or commercially.
    6. This agreement is valid for a period of ONE year from the date of execution of this
    agreement or until the amount is continued to be invested by SUPER
    DISTRIBUTORS. Both the parties may renew the agreement thereafter with mutual
    consent.
    7. If any party wishes to terminate this agreement before its valid terms, it shall be
    done by settling accounts of both parties in accordance with this agreement.

    IN WITNESS WHEREOF THE PARTIES HAVE CAUSED THIS AGREEMENT TO BE


    EXECUTED AS OF THE DAY AND YEAR WRITTEN BELOW.

    Party of the First Part Party of Second Part


    For, KHUSHI FOODS LTD For, SUPER MARKETING

    Rajendra Sharma Harsh Ashokkumar Agrawal


    (Director) (Proprietor)

    (1) WITNESS (2) WITNESS

    Place:-Ahmedabad
    DATE:-___.07.2017

    3|Page

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