AGREEMENT TO APPOINT SOLE SELLING AGENT
THIS AGREEMENT is made this _______________ day of ___________ 20___.
BETWEEN:
________________________________________________ (name of Business), a company
registered in India, under the Companies Act, 1956 and having its registered office at
________________________________________ (address), India, hereinafter referred to as
the “Manufacturer” (which expression shall unless repugnant to the context include
the Manufacturer's permitted successors and assigns), of the one part
and
_____________________________________________ (name of Selling Agent), a
company incorporated under the laws of ___________________________ and having
its Registered Office at _____________________________ (address), _______________
(country) hereinafter referred to as “Selling Agent” (which expression shall, unless
repugnant to the context include the Selling Agent's permitted successors and
assigns), of the other part.
WHEREAS the Manufacturer is engaged in manufacture, sale and distribution of _______________ (“the
Products”) in India, and is desirous of appointing a sole selling agent for the sale of such Products;
AND WHEREAS the Selling Agent is desirous of obtaining the appointment as the Manufacturer’s
exclusive selling agent for the Products, and has agreed to perform the duties as such.
NOW THEREFORE THIS AGREEMENT WITNESSES as follows:
1. The Manufacturer hereby appoints the Selling Agent as the sole and exclusive selling agent for
the Products within the area comprising ________________________________________________ (the
“Territory”).
2. This appointment is made subject to the condition that the appointment shall cease to be valid if
it is not approved by the by the Board of Directors of the Manufacturer in the first general meeting held
after the date of this appointment, in accordance with section 294 (2) of the Companies Act, 1956.
3. The appointment made herein shall continue for a period of five (5) years from the date of this
Agreement. It may, however, be extended for one or more further periods of five (5) years each, in
accordance with section 294 (1) of the Companies Act, 1956.
4. The Manufacturer undertakes not to sell its Products in retail below the followin