Commission Agent Agreement

Updated at:March 2010
 
FREE EXCERPT

AN AGREEMENT made on this..................day of...............,2010, BETWEEN XYZ & Co. Ltd. having registered office at...................and manufacturer of........ (hereinafter called the ''manufacturer'') represented herein by............. (here mention name and designation) which expression unless repugnant to the context shall mean and include its subsidiaries, and its successors and assigns) of the one part and MNO & Co. Ltd. having registered office at................... through its duly Authorized Signatory (here mention name)......................................................................................................, (here mention designation)................................ (hereinafter referred to as "agent") which expression, unless repugnant to the context or meaning thereof, shall be deemed to mean and include its successors, executors, permitted assigns, transferees in interest and legal representatives) of the OTHER PART.

WHEREAS

  1. The manufacturer is desirous of appointing commission agents for the sale of............................manufactured by it.

  2. The agent has approached the manufacturer for his appointment as such agent and has consented to act as such agent.

    NOW THIS AGREEMENT WITNESSES as follows:

  3. That the manufacturer hereby appoints the agent to be its commission agent for the sale of......................manufactured by the former in the area comprised by the districts of.................and...............in the State of................and the agent hereby agrees to act as such sole selling agent in the said area of..............on the terms mentioned herein.

  4. That the agent shall canvas for, secure orders and push the sale of............to the best of its ability and experience within the said area and hereafter guarantees to secure directly or indirectly orders for the sale of...........to the extent of the value of Rs................at least in the year commencing from the date of this agreement.

  5. That the agent shall employ sub-agents, servants, canvassers, clerks and other employees at his own expense and cost in the business of the commission agency. The manufacturer shall, however advertise at its own cost in the said territory and at its discretion, whether in newspapers, magazines, cinema slides, or by any other means and shall indicate where feasible the name of the agent as its sole selling agent in the territory indicated above.

  6. That the agent shall furnish to the manufacturer...

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