SUPPLIER AGENT AGREEMENT
This Supplier Agent Agreement (hereafter referred to as the “Agreement”) is entered into on ____________between NEOSUTRAS (hereafter referred to as the “Company”) and ATARAXIA (hereafter referred to as the “Agent”).
IN WITNESS THEREOF, the above parties wish to enter into this Agreement and express the need to define and set forth the terms and conditions of engagement of the Agent named above within this instrument.
- Responsibilities
The detailed responsibility of the Agent is to supply macha tea in jars and label that has been created by the Company (hereinafter referred to as the “product”).
Suppose the Agent has a supplier who will not provide the Company with the product in time. In that case, he is obligated to organize a connection with the original supplier and to make sure it’s working.
The Agent will start the supply of the product beginning with a minimum of 100 jars, and up at any time, neosutras needs the product.
The Agent must provide the Company with direct contact with the supplier before the agreement begins to take effect. The contact of the supplier provided has to be verified.
The Company agrees to only use the supplier directly if the Agent is not able to provide the product in time or is likely to change his mind.
The Company agrees to keep the Agents brand name on the products label until this Agreement is determined or terminated otherwise.
- Term.
The terms and provisions of this Agreement shall be for five years.
- Compensation.
The Agents compensation throughout the Agent’s engagement period will be one percent (1%) per jar for each jar sold to the Company.
As long as the Agent does not provide the Company with the supply in time and does not replace his position with the supplier directly, he will be founded $20,000.
- Confidentiality.
Within or after the Engagement Period, the Agent shall at no time divulge, release, or remove for their use or that of any other individual or Company, any documentation, information, or knowledge about the operation or business of the Company or any of its subsidiaries or affiliates, obtained or made available to them during their engagement with the Company, subsidiaries or affiliates.
Should the Agent, during or after the termination of employment, disclose or threaten to disclose any information of a confidential nature, the Agent shall be deemed in violation of this Agreement. The Company will be entitled to obtain an injunction to restrain the Agent from disclosing or further disclosing, in whole or in part, any Confidential Information. The Company shall also be entitled to pursue other legal remedies, as may be deemed appropriate, for any loss or damages incurred due to any unauthorized disclosure made by the Agent during or after the termination of employment.
The confidentiality provisions contained within this Agreement shall remain in full force and effect even after the Agent’s termination of employment.
- Waiver.
Suppose either party fails to enforce any provision contained within this Agreement. In that case, it shall not be construed as a waiver or limitation of that party’s right to enforce subsequent breaches and compel strict compliance with every provision of this Agreement.
- Termination.
Either party can terminate this Agreement by issuing thirty days‘ written notice and clearly stating the reasons for termination, i.e., the Agent failing to supply at any time for any reason.
The Agent will be responsible for providing direct contact of suppliers and transitioning all needed information to the Company for it to be able to continue the business.
- Assignment.
Any interests about the Agent under the Agreement are not subject to any claims of their creditors and may not be voluntarily or involuntarily assigned, alienated, or encumbered.
- Force Majeure.
The supplier shall not be responsible for damages for delay caused causes beyond his control like a flood, war, or Acts of God. The supplier shall notify the Company as soon as possible when the incident occurs.
- Non-Compete.
During the Agent’s period of engagement with the Company and for a period of following termination of the engagement, however, caused, the Agent shall not seek or gain engagement with any business that competes with the Company, its subsidiaries, or affiliates within.
The Agent agrees that the above-established restrictions are reasonable and fair. All defenses to the strict enforcement of this stipulated non-compete covenant by the Company are waived by you.
- Dispute Resolution Mechanism.
Any dispute, controversy, or claim arising out of or relating to this Agreement or the interpretation, breach, or validity thereof shall primarily be resolved through negotiation between the parties.
- Entire Agreement.
This Agreement contains the entire Agreement of both the Agent and the Company. There are no other contracts or negotiations, oral or written, outside of what is contained herein in this Agreement. This Agreement supersedes any prior written or oral agreements between both parties.
- Severability.
Should any provision in this Agreement be deemed invalid or unenforceable, in part or whole, such invalidity or unenforceability will attach only to the particular provision or part of this Agreement while the remaining aspects of said provision and all other provisions of this Agreement shall remain in full force and effect.
- Governing Law.
The Agreement’s provisions shall be interpreted in accordance with the current laws of the State of ________________.
- Modification.
Any modification or amendment to this Agreement shall be in writing and signed by both parties to be valid and enforceable.
IN WITNESS WHEREOF, the Agent has hereunto set their hand, and the Company has caused this Agreement to be executed in its name and on its behalf, as of the date below:
_______________________________________________
(The Agent’s Signature)
___________________________
(The Agent’s Name)
______________________________________________
(The Company/Duly Authorized Representative Signature)
______________________________________________
(The Company/Duly Authorized Representative Name)
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