Eclusive Agency Agreement
this agreement is made and entered into by and between the parties concerned on_________,_________ in _________, china on the basis of equality and mutual benefit to develop business on terms and conditions mutually agreed upon as follow:
1. the parties concerned
party a:_________
add:____________
tel:_____________
party b:_________
add:____________
tel:_____________
2. appointment
party a hereby appoints party b as its exclusive agent to solicit orders for the commodity stipulate in article 3 from customers in the territory stipulated in article 4,and party b accepts and assumes such appointment.
3. commodity
“golden fish” brand washing machines
4. territory
in singapore only
5. minimum turnover
party b shall undertake to solicit orders for the above commodity from customers in the above territory during the effective period of this agreement for not less than usd 100,000,00.
6. price and payment
the price for each individual transaction shall be fixed through negotiations between party b and the buyer, and subject to party a's final confirmation.
payment shall be made by confirmed, irrevocable l/c opened by the buyer in favor of party a ,which shall reach parth a 15 days before the date of shipment.
7. exclusive right
in consideration of the exclusive rights granted herein, party a shall not, directly or indirectly, sell or export the commodity stipulated in article 4 to customers in singapore through channels other than party b; party b shall not sell, distribute or promote the sales of any products competitive with or similar to the above commodity in singapore and shall not solicit or accept orders for the purpose of selling them outside singapore. party a shall refer to party b any enquiries or orders for the commodity in question received by party a from other firms in singapore during the validity of this agreement.
8. market report
in order to keep party a well informed of the prevailing market conditions, party b should undertake to supply party a, at least once a quarter or at any time when necessary, with market reports concerning changes of the local regulations in connection with the import and sales of the commodity covered by this agreement, local market tendency and the buyer's comments on quality, packing, price, etc. of the goods supplied by party a under this agreement. party b shall also supply party a with quotations and advertising materials on similar products of other suppliers.
9. advertising and expenses
party a shall bear all expenses for advertising and publicity in connection with the commodity in question in singapore within the validity of this agreement,and shall submit to party a all audio and video materials intended for advertising for prior approval.