commission agent agreementrevised oct.docx

commission agent agreementrevised oct.docx

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commissionagentagreementrevisedoct

[TobeaffixedwithRs.100/-stampdutypriortoexecution]

COMMISSIONAGENTAGREEMENT

ThisAgreemententeredintothe[__________]（“Agreement”）

Byandbetween

MOBILASKARILUBRICANTSLIMITED,acompanyincorporatedunderthelawsofPakistan,havingits[registered]officeatD-46Block5,K.D.AScheme#5,Clifton,Karachi（hereinaftercalled"Mobil"）whichexpressionshallincludeitssuccessors-in-interestandassigns;

AND

_____________aSoleProprietorship/Partnership/LimitedCompany,havinganofficeat______________（hereinaftercalled"Agent"）whichexpressionshallincludetheAgent’s[legalheirs,administrators,executors,representatives]successors-in-interestandassigns;.Thepartiesherebyagreeasfollows:

WITNESSETH:

ARTICLE1Appointment

1.1MobilherebyappointstheAgentasanon-exclusiveagentforthesaleofcertainMobil-brandedproductsspecifiedintheattachedAppendices“A”and“B”（hereinaftercalledthe“Products”）withintheareadefinedinAppendixA（hereinaftercalledthe“Territory”）,andtheAgentherebyacceptstheappointmentfromthedatehereof.

1.2TheAgentshallonlybeentitledtodescribeitselfasan“authorizedAgentwithintheTerritory”inrespectoftheProducts.However,MobilreservestherighttoappointoneormoreadditionalagentswithintheTerritoryatanytimeinthefutureshouldthemarketdemandgrowand/orshouldtheAgentfailtomeetsuchmarketdemandalone.

ARTICLE2DutiesoftheAgent

TheAgentshallsolicitordersfortheProductintheTerritoryduringthetermofthisAgreementandanyrenewalsthereof.TheAgentshallnegotiatefororders,tobeforwardedtoMobilforacceptance,onlyatpricesandinaccordancewiththeterms,conditions,policies,andinstructionsspecifiedbyMobil,allofwhichshallbesubjecttochangeatanytimebyMobil.MobilshallhavenoliabilitytowardsanycustomeroftheAgentforfailureoforrefusaltoreceiveoracceptanyordersforwardedbyorthroughtheAgent.

ARTICLE3Compensation

AllexpensesincurredbytheAgentinitsperformancehereunderorotherwiseshallbefortheAgent'saccount.AsfullcompensationandconsiderationfortheserviceswhichtheAgentshallperformhereunder,MobilshallpaytotheAgentacommissionontheordersfortheProductsolicitedandsubmittedbyAgentandacceptedbyMobil,asaforesaid.ThecommissiontobepaidhereundershallbeanagreedpercentagesetoutinAppendix“C”attachedhereto（“Commission”）.TherateoftheCommissionshallbeapplicableonlyiftheAgentsellstheProductsinaccordancewiththeMobil’slistpricethenprevalent.IftheAgentsellstheProductsatthepricesinconsistentwiththeMobil’slistpricesoriftheProductsaresoldbelowthelistprices,theCommissionpayabletotheAgentshallbedecidedseparatelybyMobilandshallbebindingontheAgentwithouttheAgentbeingentitledtoclaimanycompensationorraisinganyclaimwhatsoeverinthisregard.

Theexpression,"NetSales,"asusedherein,shallnotincludeexciseduty,salestax,cashdiscounts,creditallowances,rebates,orotherpromotionalallowances,ifany,grantedtothecustomer.

TheCommissionshallbepaidontheNetSalessolicitedbytheAgentonorbeforethelastdayofthemonthfollowingthemonthofinvoicingandshallbeadjustedasrequiredtoreflectreturns,allowances,orcreditsinrespectofthesalessolicitedandsubmittedbyAgenttheduringpriormonths.AllpaymentsofCommissionshallbesubjecttowithholdingforincometax,ifany,requiredtobemadeundertheapplicablelawforthetimebeinginforce.

ARTICLE4ProductWarranties

Noguarantee,warranty,orrepresentation,writtenororal,concerningorinrespectoftheProducts,its/theirapplication,ortheresultstobeobtainedwiththeuseoftheProducts,shallbemadebytheAgentexceptasspecificallyauthorizedinadvancebyMobilinwriting.

ARTICLE5Quota

Mobilmay,fromtimetotime,establishaquotafortheTerritoryforwhichtheAgenthasbeenappointedhereunder.TheAgent'sperformanceformeetingthatlevelofthequotawillbeoneoftheprimaryconsiderationsindeterminingthewillingnessofMobiltorenewthisAgreement.AnyfailureoftheAgenttomeetthisrequirementformorethan3monthsshallentitleMobiltoterminatethisAgreementwithoutfurthernotice.

ARTICLE6TrademarksandTradeNames

ExceptasauthorizedbyMobilinwriting,theAgentshallnotatanytimeduringorafterthetermofthisAgreement,useorclaimanyright,title,orinterestinortothename,orintheuseofthename"Mobil”“Exxon”“Esso”,oranysubstantiallysimilarname,oranyothertrademarkortradenameownedorappliedforbyExxonMobilCorporation（theparentcompanyofMobil）oritssubsidiariesandaffiliates,includingwithoutlimitation,thosetrademarksandtradenamessetforthonthebusinessliteratures,advertisingmaterial,packaging,oranywhereontheProductsofExxonMobilCorporation,itdivisions,subsidiaries,andaffiliates,whetherlocallyorinternationally.Theexpressions,"trademarks"and"tradenames"asusedinthisArticleshallincludeanytranslation（s）thereof.

Upon[expiryor]terminationofthisAgreement,theAgentshalldiscontinueallreferencestoMobilandalluseofcolorschemes,trademarks,tradenames,slogans,logosandothermaterialcomprisingofMobil’sintellectualpropertyorproprietaryinformation,andtheAgentshallreturnforthwithtoMobil,anyandalladvertisingandpromotionalmaterial,technicalmanuals,signsandotherlikematerialorpropertyofMobilthatmayhavebeensuppliedtotheAgentoraretheninthecustodyoftheAgent,togetherwithallcopiesorreproductionsofsuchmaterial.

ARTICLE7ConfidentialInformation:

AllinformationprovidedbyMobilrelatedtofinancialplans,productdevelopment,marketplans,cost,pricingstrategy,and/oranymaterialmarked"Confidential"shallbetreatedasconfidentialinformationandshallnotbedivulged,disclosedorsharedbytheAgenttoorwiththirdpartiesotherthantheAgent'spersonnelprovidingservicesinconnectionwiththisAgreement[anddulyauthorizedbyMobil].TheAgentshalltakeallreasonableprecautionstoensurethattheAgent'semployeesuseallsuchconfidentialinformationinastrictconfidentialmannerandforthebenefitofMobil.AllsuchmaterialcontaininganyconfidentialinformationprovidedtotheAgentshallalwaysremainthepropertyofMobil.Suchconfidentialinformation/materialshallbereturnedtoMobiluponMobil’sdemandorimmediatelyuponexpiryofthisAgreement,whicheverisearlierandshallnotinanymannerbereproducedforuseordistributionaftersuchdemandbeingmade.

ARTICLE8PaymentTerm

AllsalesthroughtheAgentshallbeeffectedoncashbasiswiththecorrespondingpaymentreceivedinadvancealongwiththeorderplaced.ThereshallhoweverbeanexceptionwhereMobilagreestoextendcreditasperitscreditpolicyatMobil’sowndiscretion.WherecreditisextendedbyMobilonsaleoftheProductstotheAgent’scustomers,theAgentwillbeentitledtotheCommissiononlyaftertherelevantpaymenttoMobilhasbeendulyreceivedfromtheAgent’scustomer.

ARTICLE8（A）-SecurityDeposit

a.Deposit:

TheAgentmayberequired,fromtimetotime,tofurnishsuchamountsofsecuritydeposit,tobeheldbyMobil,assecurityforanyamountsthatmaybecomeowingbyanycustomerintroducedbytheAgentarisingfromsaleoftheProductsbyMobiltosuchcustomer.ThesecuritydepositplacedbytheAgentshallbeearmarkedandsegregatedasprimarysecuritydeposit（"RelevantSecurityDeposit"）fortherelevantcustomer（"RelevantCustomer"）TheAgentshallprovidetoMobil,thename,addressandotherrelevantparticularsoftheRelevantCustomerforeachoftheRelevantSecurityDepositfailingwhichMobilshallhavetherighttoallocateinitsdiscretion,alloranypartoftheRelevantSecurityDepositasprimarysecuritydepositforamountsowingbyanyothercustomersintroducedbytheAgent.Notwithstandingtheforegoing,MobilshallbecompletelyentitledbutnotobligatedtotreattheRelevantSecurityDepositassecurityforthedebtsofothercustomersintroducedbyAgent,ifthesecuritydepositsearmarkedforthoseothercustomersareinsufficienttomeettheobligationsofthoseothercustomers.

b.Amount:

TheAgentshallatalltimesensurethattheamountoftheRelevantSecurityDepositheldbyMobilfortheRelevantCustomerissufficienttoallowMobiltoeffectsalesoncredittotheRelevantCustomer.WithoutprejudicetoanyotherprovisionofthisAgreement,MobilshallnotbeobligatedtoeffectanysalesoncredittoanyRelevantCustomeruntiltheAgenthasensuredthatthereissufficientamountavailableastheRelevantSecurityDepositplacedwithMobiltosecuresuchsales.

c.Set-off:

IntheeventthatanyRelevantCustomerfailstopayforsupplyoftheProductswithinthetimestipulatedforpayment（oranyrelevantgraceperiodorextensionoftime）,Mobilshallwithoutprejudicetoanyotherrightsorremediesthatareavailabletoitundertheapplicablelaw,beentitled（butshallnotbeobligated）to:

（i）immediately（withoutnoticetoanyperson）setoff,applyand/orappropriatetheRelevantSecurityDepositagainstanyamountowingbytheRelevantCustomertoMobil;and

（ii）iftheamountoftheRelevantSecurityDepositisinsufficientsuchthattherearestillamountsoutstandingfromtheRelevantCustomertoMobilnotwithstandingtheset-offandapplicationpursuanttoArticle8（A）（c）（i）hereof,Mobilshallbeentitled（butshallnotbeobligated）tosetoffandapplyanyothersecuritydeposit（s）heldbyMobilinrespectof