6. That the contract enters into force from —————————— – The FIRST PARTY sends and delivers the goods to the SECOND PARTY on a shipping basis to the premises of the showroom. The freight of the goods shipped by shipment is the responsibility of the FIRST PARTY, i.e. the goods/products are delivered to the SECOND PART on an F.O.R. basis in the showroom. This Agreement is ——————————— on —————- of and between: M/S———————————————————————————————, (hereinafter referred to as the party to THE FIRST PARTY, provided that such expression does not contradict the context or meaning, thus deemed to be its legitimate business successors, executors, directors and assignees). 1. That both parties agree that the planned showroom will be used exclusively as a point of sale for the products supplied by the party to FIRST PARTY. Additional premises, if offered by PART TWO, will be added with the mutual consent of both parties. 19. That this Agreement applies for the period from ———————- from the date of opening of the Showroom. Which may be extended by mutual agreement on revised terms. 17.
PARTY TWO shall not abuse the trademark of THE FIRST PARTY in any way or any other mark under which the goods are delivered by the Party of the FIRST PARTY. Under no circumstances will the SECOND PARTY use these marks for business during / after the agreement, except for the business of the company and also with the consent of the company, the SECOND PARTY will ensure that all trademarks and their image of the company must be kept safe. 2. All renovation costs such as air conditioning, floor, ceiling, lighting and all glass work, electrical fittings, power supply/inverter kits, etc. are provided by the SECOND PART according to the specifications/instructions/drawings and requirements of the part of the first part. The architect is provided/determined by the part of the first part. 20. Any amendments to the terms of this Agreement shall be made by mutual agreement between the Parties, which shall be reduced in writing and shall form an integral part of this Agreement. 15. The Party I Party shall hold a reasonable stock of goods with a value of at least ————————————————————— rupees. If the performance of any of its obligations under this Agreement is prevented or impeded by either party in any way due to force majeure or any condition or other circumstance beyond the expectations or control of the parties, performance of this Agreement shall be suspended in whole or in part during the continuation and to the extent of such prevention. Interruption or hindrance, provided that the other party is notified in writing within 15 days of such events or events.
21. That in terminating or terminating this Agreement, one of the Parties must comply with a three-month notice period in respect of the other Party. The party of FIRST PARTY has the right to receive all its stocks, stationery, accessories, everything provided by the company. Advertising and accounting books and other documents. PART TWO has no objection. 25. That this Agreement shall have the exclusive jurisdiction of the court in —————— for all matters arising out of the performance of this Agreement and the performance of the obligation by either party to this Agreement. 24. In the event of any dispute concerning the interpretation of the provisions of this Agreement or of anything to be done or omitted in accordance with this Agreement, such dispute shall be referred to arbitration by an arbitrator appointed by either party, and such arbitration shall take place on ——— in accordance with the provisions of the Arbitration Act, and such decision shall be binding on the parties and their representatives. CONSIDERING that, after mutual discussion, the FIRST PARTY group chose an air-conditioned SECOND PARTY showroom measuring approximately ———— square feet.
in ———————————————————————————————————- as a point of sale for the retail sale of such products—————————————————————- and therefore the Parties have entered into this Agreement under the following conditions: (B) PARTY TWO does not purport to create rights in the goods entrusted to it under this Agreement. ATTENTION: Business Agreement Format Free Download. For all kinds of legal formats, legal documents, contact us at 011-2335 5388 or send us an email via the contact page of our website. We have a team of experts for the preparation and review of all legal documents on the Internet. 26. Two sentences of the agreement are being prepared, one of which has been retained with the part of PART ONE and the other with part TWO and duly signed by both parties in front of witnesses. 7. The MrP of the goods delivered by THE FIRST PARTY corresponds to like goods stored in other franchised points of sale of the FIRST PARTY in the country, and taking into account the above, the SECOND PARTY would be entitled to the commission/margin, which is adjusted monthly.
Any income tax payable will be deducted before the money from the margin is released. The Parties shall establish a relationship and mechanism for the allocation of commission and costs, as explained in this Agreement. It is expressly understood and agreed by and between the parties that the Company will at all times be the sole and exclusive owner of the Product delivered or transferred by the FIRST PARTY to the SECOND PARTY under this Agreement and / or belonging to the SECOND PARTY or in transit. Nothing in this document should be construed or intended to create any proprietary rights in the Products in favor of the Consignment Agent….