| 1. |
a) ICP is responsible for
taking care of allocated stock e.g. theft, burglary, broke, damage, fire, riots loss etc.
or what so ever incident may happen, IDL will claim full amount of the allocated stock and
ICP agrees to pay. |
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b) IDL will keep allocated stock in the possession of
ICP,
for retail selling purpose. ICP can also sell to his dealers as well. |
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c) ICP is required to submit written requests to increase
decrease qty of the goods for allocation. IDL will allocate the stock by evaluating the
credibility, strength, payments and sales turn over of the party. |
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d) IDL will extend price protection on the
allocated stock. |
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e) IDL’s Sales Representative (SR) will visit
ICP once a week for their routine checkup, ICP is liable to cooperate with SR. |
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f) ICP is bound to releases payments immediately upon sale. |
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g) IDL will charge 10% extra on the
delayed and dishonored payments. This will be repeated once
again if the payments are not received within 15days. |
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h) IDL will issue goods to the ICP against sold stock
subject to the encashment of the payments. |
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i) Once the packing is opened or any marks/signs of
usage are found IDL will consider as sold stock and ICP agrees to pay for that unit. |
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j) IDL will issue warrantee card for each item. There will
be three parts of the warrantee card. One for customer, 2nd for Dealer and 3rd
for IDL. ICP agrees to stamp & sign back the IDL’s portion for record its
purpose. |
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k) Once sold from Dealers shop, will not be taken back.
Dealer is not authorized to exchange defected units from their
available stock. |
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l) IDL will honor 12 month warrantee from the date of sale from
ICP’s end. |
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m) IDL further under takes to oblige direct warrantees to
customers from its Service Center. All Warrantees will be honored as per our warrantee
policy. |
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n) ICP agreed to take full efforts to promote IDL’s
products and utilize all resources to meet the sales targets. |
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o) IDL will have the right to return/collect back the
"allocated goods" in same shape & packing as were
supplied. |
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p) ICP agree not to under-cut the prices. |
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q) ICPs agree to abide all stated terms of this contract. |
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IDL reserves right to dis-validate the
MoU. |
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|
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This MoU will be revised/resigned with mutual consent of
both the parties every year. |
