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This Agreement is made and entered into this date……… by and between EUROCON BUILDING INDUSTRIES (F.Z.E) . A company duly organized and existing under and by virtue of the laws of United Arab Emirates, with its principal place of business at Ghusais, Dubai, U.A.E (hereinafter referred to as "Supplier"),and ……………….., a company duly organized and existing under and by virtue of the laws of………., with its principal place of business at…………………..(hereinafter referred to as "Distributor").

Supplier and Distributor agree as follows:

Article 1. Appointment
During the effective period of this Agreement, Supplier hereby grants to Distributor the right to sell Products in Territory and Distributor accepts and assumes such appointment for the sale and distribution of Products in Territory.

Article 2. Privity
The relationship hereby established between Supplier and Distributor, during the effective period of this Agreement, shall be solely that of Seller and Buyer, and Distributor shall under no circumstances be considered to be the agent or legal representative of Supplier and shall have no right or authority to contract in the name of, or to create a liability against, the Supplier.
Article 3. Products
The products covered under this Agreement shall expressly be confined to aluminum composite panels supplied by Supplier with the registered trademark "ALUBOND u.s.a"(hereinafter referred to as Products). The product range shall be for both interior and exterior finishes.
Article 4. Territory
The territory of products shall be ……………….(hereinafter referred to as Territory). Distributor shall resell Products only in Territory and shall not resell or export Products outside Territory during the effective period of this Agreement.
Article 5. Prohibition of Competitive Transaction
In consideration of the right herein granted, Supplier shall not, directly or indirectly, sell or export Products to Territory through any other channel than Distributor and Distributor shall not, directly or in directly, purchase, sell, or otherwise deal in any products of the same kind as, similar to or competitive with Products in Territory. Distributor shall not act as agent or distributor for any other person, firm other than Supplier during the effective period of this Agreement.
Article 6. Initial Order and Minimum Purchase
This agreement shall become effective on receipt of the first order of a minimum of 3000 m2. Distributor shall, during the effective period of this Agreement, purchase from Supplier not less than fifteen thousand square meters (30,000m2) aluminum composite panels within one year, and Products are considered purchased when payment received and shipped by Supplier. In case Distributor fails to attain the minimum yearly purchase amount, Supplier reserves the right to cancel this agreement unconditionally or appoint another distributor in the territory.
Article 7. Distributor requirements
Distributor shall demonstrate the availability of a minimum of 3,000 sft of warehouse space, reasonable office space and hire atleast one quality Engineer and one Sales Engineer for the promotion and marketing of The products. The quality Engineer and Sales Engineer shall be trained by The Supplier and all costs related to such training at actuals to be born by the Distributor.
Article 8. Individual Contract
Each individual contract under this Agreement shall be subject to this Agreement; the quantities and shipments for Products shall be confirmed on each transaction. However prices shall be valid for a period of six months and the enclosed price list shall form an integral part of this Agreement.
Article 9. Information and Report
Both Supplier and Distributor shall from time to time and /or on the request of either party furnish each other with information and market reports to promote the sale of Products as much as possible. Distributor shall give Supplier such reports as inventory, market conditions and other activities of Distributor.
Article 10. Sales Promotion
Distributor shall appoint a full time Sales Engineer for the promotion of the products on his own account. Distributor shall exert his best efforts in advertising and promoting the sale of Products throughout Territory in an effective manner on his own account.
Article 11. Duration
This Agreement shall be valid and remain in force for a period of one (1) year commencing from the date appearing first above written upon the signing of both Supplier and Distributor subject to the receipt of the first minimum order of 3,000m2 along with the advance payment.

Article 12. Cancellation of Termination

  1. In case there is any breach of the provisions under this Agreement by either party during the effective period of this Agreement, the parties hereto shall first of all try to settle the matter in question as soon and amicable as possible to mutual satisfaction. Unless settlement is reached within thirty (30) days after the notification in writing of the other party, such other party shall have the right to cancel this Agreement and the loss and damage sustained thereby shall be indemnified by the party responsible for such breach.
  2. Further in the event of bankruptcy, insolvency, dissolution, modification, consolidation, receivership proceedings affecting the operation of business or discontinuation of business for any reason and/or reorganization by the Distributor, The Seller hereto shall have the absolute right to terminate this Agreement forthwith.
Article 13. Force Majeure
Neither party shall be liable to the other for the failure of delay in the performance of any of his obligations under this Agreement when such failure or delay is due to fire, flood, strike, riots, wars, embargoes, governmental laws, orders or regulations, storms or other similar or different contingencies beyond the reasonable control of the respective parties. If, as a result of legislation or governmental action, any party or parties are precluded from receiving any benefit to which they are entitled hereunder, the parties shall review the provisions of this Agreement so as to try the best possible efforts to restore the party or parties to the same relative positions as previously obtained hereunder.
Article 14. Assignments
Neither party shall assign, transfer or otherwise dispose of this Agreement in whole or in part or any right hereunder to any person, firm or corporation without the prior written consent of the other party.
Article 15. Secrecy
All information made available under this Agreement shall be kept in strict confidence from any third party without prior consent in writing of the other party. The only exception, however, shall be the disclosures forced by the laws, orders or regulations of Governments or Organizations having the necessary authorities and such disclosures shall not be deemed to constitute a violation of this Article under this Agreement.
Article 16. Arbitration
All disputes arising out of the performance of, or relating to this Agreement , shall be settled amicably through negotiation, In case no settlement can be reached through negotiation, the case shall be finally settled by arbitration to be held in U.A.E as per the laws of the country. The award rendered by the arbitrator(s) shall be final and binding upon both parties.
Article 17. Entire Agreement
This Agreement constitutes the entire and only agreement between the parties hereto, and shall not be modified or changed in any manner except mutual consent in writing signed by a duly authorized representative of each of the parties hereto.
 

Supplier

 

Distributor


Nawab Shaji Ul Mulk
Chairman
MULK GROUP OF COMPANIES


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