14.6 At the expiry of this contract, the agent returns to the client all advertising and other documents provided free of charge to the agent as well as all products and models still in his possession. A number of small and medium-sized enterprises need independent distributors to buy and distribute their products. This may be agreed for a foreign importer operating as a trader or for an exporter who appoints a foreign distributor as a foreign importer. Below are important areas to focus on in each distribution contract. – when the agent, with the consent of the principal, cedes his rights and obligations under that contract to another person. [Option: “7.4 The agent informs the client of any existing agreement linking the agent to any other product (or service), whether manufacturer, representative, representative or distributor, and then keeps the client informed of this activity. With respect to this company, the agent states that at the time of signing this contract, he represents (and/or manufactures, markets, sells directly or indirectly) the products (or services) listed in Calendar 3. The agent`s exercise of such activity does not in any way affect the performance of his obligations to the contracting authority under this contract.” The first offer is rarely accepted It is rare for the importer to accept the exporter`s first offer and, normally, this first offer is followed by a series of counter-offers sent between the exporter and the importer until each party declares itself satisfied with the terms of the final offer and agrees to comply. You have to be clear and precise, whatever the export contract, you have to be careful in the wording of this document, because it is established between companies from countries that may have very different legal systems, regulations and attitudes towards business. These differences can also lead to conflicts in trade with other fairly developed nations. The challenge is to make your export contracts as clear, accurate and comprehensive as possible. A contract is an agreement that creates an obligation, i.e.
a legally binding agreement between two or more competent parties. maker. The order must not contain a shipping date of less than – than the date on which the order is sent to the manufacturer. Once the order is received, the manufacturer will refuse or accept the order in writing within a period of time and will inform the distributor of its decision in accordance with the section of this agreement. Manufacturing has the sole discretion to determine whether it will accept such an order. Before receiving the order, the distributor can cancel the order without further commitment. By accepting an order, it becomes a binding agreement between the distributor and the manufacturer, the distributor obliges the purchase of products stipulated in the basic provision of a contract for the sale of goods that you, the seller (in this case the exporter), cede ownership of the goods to your buyer (the importer) for payment (which is made in international trade in foreign currency). The export contract must define its terms and must at least describe that the irrevocable L/C is one that cannot be revoked or modified by the opening bank without the consent of the beneficiary. This type of L/C is safer and is therefore the most used. It specifies that an L/C, whether or not it is irrevocably or not, should be considered irrevocable in accordance with the uniform customs and practice of the 500 commercial document credits.