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Ex.5. Fill in the blanks with prepositions/ particles where necessary.



BLOCK 4

1. The Agent shall defray all expenses of and incidental to the agency.

2. The Company shall at its own expense provide the Agent such an amount of publications as it considers reasonably sufficient with a view of promoting sales of the Goods in the Territory.

3. This agreement shall commence on January 1, 20… and shall remain in force until terminated by not less than 3 months’ prior written notice by either party to the other.

4. The Agent is appointed the sole agent of the Company in the Territory for the sale of the Goods on terms and subject to the conditions set out below.

5. The Company reserves the right to make changes in the design, production and finish of the Goods.

6. The Agent shall promptly submit to the Company all enquiries or orders from Customers in full and accurate detail to enable the Company with the least possible delay to respond to them effectively.

7. The Agent shall use his best endeavours to promote and extend the sale of the Goods throughout the Territory to all Customers and work diligently to obtain orders for them.

8. The Agent shall refer to the Company all enquiries for the Goods from addresses outside the Territory.

9. The Company reserves the right notwithstanding anything to the contrary contained in this agreement to quote for the Goods to any Buyer outside the Territory.

10. The Agent shall submit to the Company all orders from Customers obtained by the Agent for the Goods within the Territory.

11. The Agent shall act loyally to the Company and in such manner as he reasonably considers to be most beneficial to the Company’s interests.

12. The Company reserves the right to quote for or supply Goods to any Buyer in the Territory or any Buyer outside the Territory for delivery to the Territory.

 

BLOCK 5

1. The commission shall be calculated on the total invoice price of the Goods so sold in each month at the following rates.

2. The Company shall have the right to suspend the performance of its obligations if the Agent becomes bankrupt or insolvent or goes into liquidation voluntary or compulsory.

3. This agreement embodied the entire understanding of the parties in respect of the matters contained or referred toin it and there are no promises, terms, conditions or obligations oral or written expressly or implied other than those contained in this agreement.

4. Upon termination of this agreement from any cause the Agent shall at his own expense return to the Company all samples, advertising material and specifications relating to the business of the Company.

5. Without prejudice to any other remedies the Company may have against the Agent the Company shall have the right to suspend the performance of its obligations in any of the following events.

6. During the continuance of this agreement the Agent shall be paid by the Company a commission on the third day of every month in respect of the Goods sold in the Territory of the Company.

7. No variation or amendment of this agreement shall be valid unless committed to writing and signed by or on behalf of both parties.

8. All previous agreements and arrangements if any relatingto the sale of the Goods made between the Company and the Agent are superseded.

9. The Agent shall on its termination or expiration have no right to any compensation for goodwill, customers, expenses or any other payment of any nature.

10. If any Customer fails within three months from date of an invoice to pay the amount due under an invoice inrespectof which the commission has been paid to the Agent the amount of commission attributable to that invoice shall be refunded by the Agent to the Company on the next Commission Day after the expiry of that period of three months and whenever practicable the refund shall be by way of deduction from any commission then payable.

11. The Company shall have the right by giving notice in writing to the Agent to terminate all its obligations if from any cause the Agent is prevented from performing his duties for a period of 2 months.

12. Except as expressly provided in this agreement the Agent shall on its termination or expiration have no right to any compensation for goodwill, customers, expenses or any other payment of any nature.

 


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