Exclusive Territory of Sales Agency In foreign Country
This agreement has been entered into by ________________ (name of manufacturer), of _________________ (address), called the manufacturer, and ____________ (name of agent), of _________________ (address), called the agent.
The agent proposes to spend a majority of __________ (his or her) time in the _________________ (specify foreign territory).
The agent will be the sole exclusive representative for the sale of all products produced for the territory mentioned above.
This agreement will remain valid for a period of __________ (number) years and is contingent upon the following provisions: If the agent proves to be successful this agreement will be renewed for a period of ____ (number) years. However, if the agent does not prove to be successful at the end of ____ (one year) from the
date of this contract, the manufacturer reserves the right to terminate this agreement. This agreement can be terminated by either party with one years written notice.
The manufacturer will provide quotations at the standard list price and provide a further discount from these quotations of (_________%).
Due to the fact that the manufacturer already has certain customers in both _______________ (territory), and also has established export houses in both ____________ (location) who purchase their _______ (products) from the manufacturer and ship it to the territory above, this agreement will in no way affect the relationship that currently exists with those customers.
The manufacturer will compensate the agent with a commission of (_________%) when a sale is made to any of the present customers of the manufacturer.
If the agent sells direct, they agree to give manufacturer proper shipping instructions, and partial payment or references. When the ____________ (product) is ready to ship, the customer must deposit the remaining dollar amount in a reliable bank as approved by the manufacturer.
All quotations are valid for a period of _______________________ (number) months.
The agent further agrees not to sell any related products in the specified territory that are produced by another company.The agent will also ______________ (include any other related terms such as due diligence in the promotion of products)
The manufacturer will cooperate with the agent as stated in this agreement by furnishing ___________________ (catalogs, drawings, blueprints, specifications or any other reasonable supplies) and other information about ________ (machinery/products).