Sales&Nbsp; Agency&Nbsp; Agreement
Sales Agency Agreement
Contract No.:_______
No:___________
Date:_________
Date:_________
In order to develop trade on the basis of equality and mutual benefit, the parties concerned shall sign this Agreement in accordance with the following conditions:
This Agreement is entered into between the parties concerned on the basis of equality and mutual benefit to develop business on terms and conditions mutually agreed upon as follows:
1. Contractor
Contracting Parties
Supplier (hereinafter referred to as Party A):_____________
Sales agent (hereinafter referred to as Party B):_________
Party A entrusts Party B as the sales agent to promote the following commodities.
Supplier: (hereinafter called “party A”)____________
Agent:(hereinafter called “party B”)________________
Party A hereby appoint Party B to act as his selling agent to sell the commodity mentioned below.
2. Product name and quantity or amount
Commodity and Quantity or Amount
Both parties agree that Party B shall sell no less than _______ commodities within the validity period of the agreement.
It is mutually agreed that Party B shall undertake to sell not less than_____of the aforesaid commodity in the duration of this Agreement。
3. Distribution area
Territory
Only in___________
In ___ only______
4. Order confirmation
Confirmation of Orders
The quantity, price and shipping conditions of the commodities specified in this Agreement shall be confirmed in each transaction, and the details shall be specified in the sales agreement signed by both parties.
The quantities, prices and shipments of the commodities stated in this Agreement shall be confirmed in each transaction, the particulars of which are to be specified in the Sales Confirmation signed by the two parties hereto.
5. Payment
Payment
After the order is confirmed, Party B shall open a confirmed and irrevocable letter of credit at sight in favor of Party A within the time specified in the relevant confirmation. After Party B issues the L/C, it shall immediately notify Party A so that Party A can prepare for delivery.
After confirmation of the order, Party B shall arrange to open a confirmed, irrevocable L/C available by draft at sight in favour of Party A within the time stipulated in the relevant S/C. Party B shall also notify Party A immediately after L/C is opened so that Party A can get prepared for delivery.
6. Commission
Commission
At the expiration of this Agreement, if Party B has completed the amount specified in the second paragraph, Party A shall pay Party B a commission of ________% of the cumulative total amount of invoices received for the shipment of goods.
Upon the expiration of the Agreement and Party B‘s fullfilment of the total turnover mentioned in Article 2, Party A shall pay to Party B______% commission on the basis of the aggregate amount of the invoice value against the shipments effected.
7. Market situation report
Reports on Market Conditions
Party B shall provide Party A with a detailed report on the current market situation and user opinions every three months. At the same time, Party B shall at any time provide Party A with samples of similar goods from other suppliers and their prices, sales and advertising materials.
Party B shall forward once every three months to party A detailed reports on current market conditions and of consumers‘ comments. Meanwhile, Party B shall,from time to time, send to party A samples of similar commodities offered by other suppliers, together with their prices, sales information and advertising materials.
8. Advertising expenses
Advertising & Publicity Expenses
During the validity period of this agreement, Party B shall be responsible for all the expenses for advertising in the above distribution areas. Party B shall provide Party A with the design and text description of the advertising in advance, which shall be reviewed and approved by Party A.
Party B shall bear all expenses for advertising and publicity within the aforementioned territory in the duration of this Agreement and submit to Party A all patterns and/or drawings and description for prior approval.
9. Term of Agreement
Validity of Agreement
This agreement shall come into force after being signed by both parties, and the validity period is _______ days, from ________ to ________. If one party wishes to extend this Agreement, it must notify the other party in writing one month before the expiration of this Agreement, which shall be decided by both parties through consultation.
If one party fails to perform the terms of the agreement, the other party has the right to terminate the agreement.
This Agreement, after its being signed by the parties concerned, shall remain in force for________ days from ________ to _______ If either Party wishes to extend this Agreement, he shall notice, in writing, the other party one month prior to its expiration. The matter shall be decided by the agreement and by consent of the parties hereto. Should either party fail to implement the terms and conditions herein, the other party is entitled to terminate this Agreement.
10. Arbitration
Arbitration
In case of any dispute during the performance of the agreement, both parties shall settle it through friendly negotiation. If no agreement can be reached through friendly negotiation, it shall be submitted to China international The Foreign Trade Arbitration Commission of the Council for the Promotion of Trade shall conduct arbitration in accordance with its provisional provisions on arbitration procedures. The decision of the committee is final and binding on both parties. The arbitration fee shall be borne by the losing party, unless otherwise specified.
All disputes arising from the execution of this Agreement shall be settled through friendly consultations. In case no settlement can be reached, the case in dispute shall then be submitted to the Foreign Trade Arbitration Commission of the China Council for the Promotion of International Trade for arbitration in accordance with its provisional rules of procedure. The decision made by this Commission shall be regarded as final and binding upon both parties. Arbitration fees shall be borne by the losing party ,unless otherwise awarded.
11. Miscellaneous
Other Terms & Conditions
(1) Party A shall not supply capital to other buyers in the distribution area agreement Goods specified. if there be inquiry , shall be conveyed to Party B for handling. If a buyer wishes to order directly from Party A, Party A can supply goods, but Party A must send a copy of the relevant sales confirmation to Party B and give Party B a commission of ________% of the invoice amount of the transaction reached.
Party A shall no t supply the contracted commodity to any other buyer(s) in the above mentioned territory. Direct enquiries, if any, will be referred to Party B. However, should any other buyers wish to deal with Party A directly, Party A may do so. But party A shall send to Party B a copy of Sales Confirmation and give Party B________% commission on the basis of the net invoice value of the transaction(s)concluded.
(2) If Party B fails to provide Party A with at least * * orders within _______ months, Party A will not assume the obligation of this agreement.
Should Party B fail to pass on his orders to Party A in a period of _________ months for a minimum of ________Party A shall not bind himself to this Agreement.
(3) For the trade between the governments of both parties, Party A has the right to conduct direct trade according to the authorization of its government, and is not bound by this agreement. Party B shall not interfere in such direct trade, nor shall it have the right to claim any compensation or commission from Party A.
For any business transacted between governments of both Parties, Party A may handle such direct dealings as authorized by Party A‘s government without binding himself to this Agreement. Party B shall not interfere in such direct dealings nor shall Party B bring forward any demand for compensation therefrom.
(4) This agreement is subject to the sales confirmation terms signed by both parties.
This Agreement shall be subject to the terms and conditions in the Sales Confirmation signed by both parties hereto.
This agreement is signed on _________, _________, _________, in two originals, one for each party.
This Agreement is signed on __________at___________ and is in two originals; each Party holds one.
Party A: ________ Party B:_________
(Signature) (Signature)
Party A:_______ Party B:________
(Signature) (Signature)
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