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Agreement for Distributorship

Document Cited in Related
Vincent
Updated atMarch 2010

This agreement is made on the 10th day of October 2007 between Eastern Law House Co. Ltd., a COMPANY registered under the Companies Act 1956 and having its registered office and carrying on business at …………………………… (hereinafter called the COMPANY) and Volvo Ltd., a COMPANY registered under the Companies Act 1956 and carrying on business at ……………… …………………… (hereinafter called the DISTRIBUTOR).

WHEREAS the COMPANY carries on business as publisher and seller of books on legal and allied subjects.

And WHEREAS the DISTRIBUTOR has a book shop at Delhi with spare capacity with sales outlets.

And WHEREAS the DISTRIBUTOR has approached the COMPANY for being appointed as the sole DISTRIBUTOR of the COMPANY’s publications in Delhi and within a radius of 5 miles thereof to which the COMPANY has agreed.

Now these presents witnesseth and the parties agree as follows:

  1. The COMPANY hereby appoints the DISTRIBUTOR to be its sole DISTRIBUTOR and the DISTRIBUTOR agrees to act as such to establish, promote and extend the sale of publications of the COMPANY in Delhi and within a radius of 5 miles thereof (hereinafter called the said territory).

  2. The agreement shall commence on the 10th day of October 2007. The agreement shall commence on the 10th day of October 2007 and shall continue for a period of 5 years and thereafter will stand extended from year to year until terminated by 6 months’ notice in writing given by either party to the other.

  3. The DISTRIBUTOR shall not engage in selling or otherwise being concerned in the sale of books competing with or in the same class as the publications of the COMPANY.

  4. The COMPANY shall not sell the publications to any other person in the territory or outside the territory who the COMPANY knows or has reason to believe intends to resell the publications within the territory. The COMPANY further agrees to refer all inquiries for its publications reaching it from the territory to the DISTRIBUTOR.

  5. The DISTRIBUTOR agrees to pay for all publications of the COMPANY ordered and accepted by it within 30 days of delivery.

  6. All publications shall be dispatched by road transport or by goods train carriage paid or by such other means as may be agreed.

  7. The COMPANY shall allow the DISTRIBUTOR a discount or rebate of 30 per cent on the quoted price and shall allow a further discount/rebate of 10 per cent on the net value of all publications which the DISTRIBUTOR takes delivery of and pays for in any period of twelve calendar...

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