Commercial Agreement
Commercial Agreement
RECITALS
E) Has sufficient experience and has its own personal, material and
economic resources to carry out the services of promotion and sale of the Products
on behalf of the COMPANY within the Territory defined below and therefore agrees
to carry out such activities.
CLAUSES
SECOND. TERM.- This term of this Agreement is of 1 (one) year, from the date of
signature hereof, which may be renewed for periods of the same time by mutual
agreement of the Parties, giving notice of their intention to renew this Agreement to
the other party in writing within 30 (thirty) business days prior to the date of
termination date.
THIRD. TERRITORY.- The territory whereby the promotion and sale of the
Products will take place shall be the territory of Mexico.
SIXTH. CONFIDENTIALITY.- The AGENT hereby agrees that it shall not use or
disclose any information related to the COMPANY's business, products, prices,
processes, policies, trade secrets and know-how, hereinafter referred to as
"Confidential Information" to any third party, or its employees or officers, without
the prior written consent of the COMPANY, as such information is exclusive
property of the COMPANY.
The AGENT shall only have the right to disclose specifications of the Products to
its sales representatives and its sales representatives shall have the right to
disclose or provide such information to customers and prospective customers
when such disclosure is reasonably necessary in connection with the marketing
and sale of the Products, subject to prior written approval of the COMPANY.
SEVENTH. OBLIGATIONS OF THE AGENT.- The AGENT shall comply with the
following obligations:
A) Perform all sales actions and strategies that are required or necessary in
order to carry out the sale of the Products successfully.
C) Timely and faithful comply with written instructions given by the COMPANY,
always acting ethically and in good faith.
D) Keep the Products in excellent conditions from the moment of receipt until the
time of their sale or return to COMPANY, as the case may be.
F) Maintain good business relations with the COMPANY and general public in
order to successfully carry out the purpose of this Agreement.
G) Not to assign, transfer or modify the rights and obligations acquired in this
Agreement.
H) Return and deliver the Products within a maximum period of 48 hours from
the time they are requested in writing by the COMPANY, in the same conditions in
which they were delivered by the COMPANY, not being able under any
circumstances to retain such Products.
EIGHTH. OBLIGATIONS OF THE COMPANY.- The COMPANY shall comply with
the following obligations:
A) Make available to the AGENT, in writing, the necessary list and information
of the Products and their prices, as well as to offer training to the AGENT, if
necessary, to successfully carry out the object of this contract.
C) To make the full payment of the consideration agreed in this contract to the
AGENT in a timely manner, in accordance with the terms and conditions agreed
therein.
D) Not to assign, transfer or modify the rights and obligations acquired in this
contract.
The commission will be paid by bank transfer to the account number, bank
and name agreed in writing by the AGENT with the COMPANY.
TENTH. EXPENSES AND TAXES.- All expenses and taxes generated in relation
to the performance of the activities by the AGENT to carry out the object of this
contract, will be for the account and charge of the AGENT.
In the event that the breach persists after the expiry of this period, the affected
party may terminate this Agreement without any liability and without the need for a
prior judicial declaration, or demand the enforcement of such unfulfilled obligations
through judicial channels. In both cases, the party found to be in breach shall be
liable to pay the damages caused to the other party by such non-compliance.
The COMPANY may terminate this Agreement early, at any time, with prior written notice
of 15 (fifteen) business days to the AGENT, provided that it is current with its obligations
under this Agreement. In the event of any breach by the AGENT, the COMPANY may
immediately terminate this Agreement, without prejudice to any other legal remedies it may
have.
Upon termination of this Agreement, whether naturally or due to early termination, the
Parties shall perform their obligations outstanding as of the date of termination.
Likewise, the AGENT undertakes not to use the Trademarks for purposes other
than the object of this contract and must notify the COMPANY as soon as it
becomes aware of any violation or improper use of the industrial property of the
Trademarks so that the COMPANY can initiate the corresponding legal actions.
__________________________ ____________________________
Name: Name:
Charge: Charge:
WITNESS WITNESS
__________________________ ___________________________
Name: Name:
Domicile: Domicile: