BUSINESS AGREEMENT
This Business Agreement (hereinafter referred to as the “Agreement”) is made on
__________________20___ Between Essential Retail LTD (hereinafter referred to
as the “Company”) and ______________________ (hereinafter referred to as the
“Client”). Together referred to as “parties.”
1. Service.
The parties hereby agree that the Company assists the client (other companies) and
brands with their Amazon Stores.
The Company shall provide the service whereby the company takes control of the
client’s seller account, improving their listings and removing other sellers from their
listings.
The Company will also prep and post its stock to the Amazon warehouse.
2. Term.
The services herein shall be for a period of 12 months minimum from the date of
signing hereof with the option for renewal on the 10 th month.
3. Compensation.
The parties agree that the Company will not charge an upfront fee for the above
services.
The Company will take 30% of the overall monthly profits that the company makes
from the client’s Amazon sales. Amazon delivery fees and packaging materials are
payable by the Client. The Company will invoice for these costs monthly.
4. Pricing.
The Company will liaise with the Client and will create a competitive pricing structure
ensuring the Client is profiting as much as possible and that it reflects positively.
5. Responsibilities.
Parties herein agree that the Client shall provide the following; –
i. A “Letter of authorization” to sell their products.
ii. A licensing agreement – a complete product list of the items they wish for the
Company to sell
iii. Images of products and packaging used for the listings
iv. The brand name and trademark
v. Trademark number
vi. Trademark categories
vii. Confirmation of if the trademark is EU or elsewhere
viii. A list of countries where products are manufactured
ix. Any further information required to fulfill the service
In the event, the Company runs amazon ADS or pay-per-click this will be the
responsibility of the Client and not the Company.
The Company will need to be provided with a transparent list of the costs to the
Client with regard to their manufacturing. This information will be strictly confidential.
6. Confidentiality.
All the terms and conditions of this Agreement and any confidential information must
be kept confidential unless disclosure is required under the process of law.
Disclosing or using this information for any purpose beyond the scope of this
Agreement or the exceptions set forth above is expressly forbidden without the
Parties’ prior consent.
The Parties agree that the confidentiality clause will remain active and in power even
upon termination.
7. Non-Disclosure.
The parties herein agree and acknowledge not to disclose the terms and information
of this agreement to any third party.
8. Intellectual Property.
The parties herein agree that they each have rights to their intellectual property.
generated by themselves.
The Client will keep all ownership of the intellectual property. The Company will just
act on their behalf by running the Client’s Amazon Store Front.
9. Termination.
The parties herein may terminate the terms of this Agreement for any reason. In the
event of termination, there will be an option for the Client to terminate the contract
however a £6000 fee will be payable within 30 days of termination.
10. Dispute Resolution.
Any controversy or claim arising out of or relating to this Agreement, or the breach
thereof, shall be settled by mediation in accordance with the applicable rules of the
United Kingdom.
11. Governing Law.
This Agreement shall be construed, governed, and interpreted according to the
applicable Laws of United Kingdom.
12. Waiver.
The waiver by either party of the breach of any covenant or provision in this
Agreement shall not operate or be construed as a waiver of any subsequent breach
by either party.
13. Severability.
In the event a court of competent jurisdiction declares any term or provision of this
Agreement to be invalid or unenforceable for any reason, this Agreement will remain
in full force and effect, and either:
a. The invalid or unenforceable provision(s) will be modified to the minimum
extent necessary to make such provision(s) valid and enforceable; or
b. If such a modification is not possible, this Agreement will be interpreted as if
such invalid or unenforceable provision(s) were not a part of this Agreement.
14. Amendment.
This Agreement cannot be amended without the written consent of all parties herein.
IN WITNESS WHEREOF, the parties hereunto set their signatures and
acknowledged this Agreement as the date first above written.
By the COMPANY; –
Signature:
__________________________
Date:
______________________________
Email Address:
_____________________
By the CLIENT; –
Signature:
__________________________
Date:
_______________________________
Email Address:
_____________________
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