COMMERCIAL AGENCY AGREEMENT (DRAFTING)
DRAFTING
OF AGENCY CONTRACT:
THIS
AGREEMENT OF AGENCY is made and executed at________ on 5th day of
Monday, January,2019 by and between Z LTD
incorporated under companies act 2013, having its registered office
at_________, represented by its director Mr. A having DIN______. ( hereinafter
called “THE PRINCIPAL”) of the one part.
AND
Mr. B
(hindu), S/O________, residing at________. ( hereinafter called “AN AGENT”) of
the other part.
WHEREAS the
principal wants to appoint the agent for
their work on such terms and conditions.
ANDWHEREAS
the agent after having the offer of principal has agreed to act as agent of
principle on the terms and conditions as specified in this agreement.
NOW THIS
AGREEMENT WITNESSES AS FOLLOW:
1) That agent is hereby appointed the
sole agent of the principle for the purpose of making sale of principal’s goods
for the term of______ years.
2) That agent shall be allowed to deduct
and retain his agency commission with himself_________ per cent of the list of
all goods sold on the behalf of principle.
3) No credit sale without the consent of
the principal.
4) The agent shall keep and maintain all
books of account and monthly sales records shall send to principal on quarterly
basis.
5) The principal’s goods shall not
directly or indirectly re-sold outside the agency district.
6) The benefits under this agreement
shall not assignable to any other person.
7) That the principal shall be entitled
to terminate this agreement by one month’s notice in writing to the agent in
the event of his ceasing to carry on the
said business of the principal.
8) In the event of dispute arising out
of this agreement, matter goes to arbitration in accordance with the provision
of the arbitration and conciliation act, 1996.
IN WITNESS WHEREOF the
parties have signed this agreement in the presence of following witnesses.
1) Witness : ________ principal.
2) Witness : ________ agent
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