Agreement For Commission Agent

In Witness Whereof, the parties signed this agreement on the day and year that were written first. 12. That the intermediary has a cash guarantee up to Rs……….. to the manufacturer for a period of one year sufficient (regardless of the prior decision of the agreement for any reason) to ensure compliance by the authorised representative with the terms of this agreement, and this guarantee shall be remunerated at 3% per annum. This guarantee must be reimbursed to the agent with interest within one month of the expiry of the period laid down in the agreement, after adjustment of the accounts between the parties. In the event of a dispute concerning a matter for which a deduction is requested by the manufacturer, the aforementioned dispute will be submitted to the arbitration procedure of the President of the District Law Chamber at…….. either acting as arbitrator himself or appoints another member of the Bar Association (paying income tax) as arbitrator. 2. The agent approached the manufacturer to request his appointment to that agent and agreed to act as an agent. 10. That the Agency may be designated by the manufacturer at any time during the period of one year following the fourteen-day notification if the agent fails to fulfil his obligations under this Agreement or if, according to the manufacturer, the agent misrepresents the quality or characteristics of the said …… or the collection or storage of orders in the aforementioned territory does not significantly exceed the minimum guaranteed by the agent or any other fair reason interpreted from a commercial point of view. The agent may terminate this contract at any time during the aforementioned period of one year after a period of one month, if the manufacturer fails to execute or repeatedly executes the agent`s orders that have been duly notified or accepted by the manufacturer in accordance with this Agreement, or if the goods………

are much worse than the description or, in the event that the manufacturer should withhold, for no simple or reason, the payment of the commission that goes to the agent under the agreement for a period longer than the towing period. . . .