Ultimate Hair Holdings
Ultimate Hair Holdings
Ultimate Hair Holdings
Holdings
The term "Products" shall mean the COMPANY products listed on website and
social media. COMPANY reserves the right to delete discontinued Products
upon thirty (30) days prior written notice to DISTRIBUTOR. New or additional
Products developed by COMPANY during the term of this Agreement shall be
deemed acceptable and added to your product sale list.
The term "Territory" shall mean the geographic area defined on Exhibit B
attached hereto. DISTRIBUTOR shall not, without the express written
authorization of COMPANY (i) reexport the Products from the Territory, or (ii)
sell, service or promote the Products from a location outside of the Territory.
Territory
The territory shall mean the area covered by the term in SA law. In this case referring to
Direct Sales
Distributor’s Representations
Term
The term of this agreement shall be in place for a period of 12 months from date
of signature afterwhich an automatic renewal will take place upon written
agreement and signature. This period can be negotiated based on the
performance of the distributor. The distributor shall maintain a reasonable stock
level as required by the DISTRIBUTOR. The combination of which will be at
the disgression of the distributor.
The Product prices quoted are INCLUSIVE of VAT. In the event that COMPANY is required to pay
any such taxes, duties or fees, such items will be added to the invoice to be paid by DISTRIBUTOR.
COMPANY may adjust the prices of the Products from time to time upon
reasonable prior written notice to DISTRIBUTOR. DISTRIBUTOR shall
submit a list of outstanding quotations to COMPANY at time of price change
and COMPANY shall price protect such outstanding quotations for a period not
to exceed three
(3) months from the effective date of the price change.
All payments shall be made in South African Rands and shall be made by
DISTRIBUTOR no later than 2 days following the receipt of COMPANY’s
invoice.
Courier costs will be dealt with on a case by case basis. All orders less than 10
units shall attract a courier cost.
The distributor shall be able to service clients with stock on hand however
should the need arise to make use of our company distribution then the
following shall be the protocol:
The distributor will invoice the clients, company will invoice distributor, once
payment has been receipted the order may take up to 7 days to be delivered
dependant on the couriers. The company shall deliver the product directly to the
customer on behalf of the distributor. Should the client contact the company
for an order, the distributor will be notified and above process will be adheared
to.
Company Obligations
Distributor Obligations
Actively use its best efforts to promote and penetrate the market for
COMPANY Productsin the Territory;
Purchase Orders
Delivery/Title/Risk of Loss
Title and risk of loss to the Products shall pass to DISTRIBUTOR when
COMPANY gives possession to DISTRIBUTOR or its agent on board ship at
the port of shipment or to courier.
All Products ordered pursuant to accepted purchase orders will be scheduled for
delivery in accordance with COMPANY's then current and normal delivery
times. COMPANY shall not be responsible for failure to deliver or comply
with any provision of this Agreement if such non- performance is due to
causes beyond its reasonable control such as, but not limited to, acts of God,
fire or Explosions causedby civiland labor disturbances or delays in
transportation. In such event, the time for performance hereunder shall be
extended by the period of time attributable to the delay. In no event shall such
extension of time exceed 10 days of the original delivery date.
Product Warranty
Infringement Indemnification
COMPANY shall defend any claim, suit or proceeding brought against the
DISTRIBUTOR so far as it is based on a claim that the use or transfer of any
Products delivered hereunder constitutes an infringement of a patent, trademark
or copyright registered in the United States, so long as COMPANY is notified
promptly in writing by the DISTRIBUTOR of any such action and given full
authority, information and assistance at COMPANY's expense forthe defense of
any such claim or proceedings. COMPANY shall pay all damages and cost
awarded against the DISTRIBUTOR but shall not be responsible for any
settlement made without its consent. In the event of final judgment which
prohibits the DISTRIBUTOR or the DISTRIBUTOR's customers from
continued use of any Products by reason of infringement of such patent,
trademark or copyright, COMPANY may, at its sole option and at its expense,
obtain the rights to continued use of any such Product, replace or modify such
Product so that it is no longer infringing.
Termination
COMPANY may terminate this Agreement at any time prior to the expiration of
its stated term upon the occurrence of any of the following events, each of
which is expressly declared to be "Just Cause" for termination of this
Agreement:
Either party may terminate this Agreement at will at any time during the term of
this Agreement, with or without cause, by giving not less than three (3) months
written notice to the other party.
All sums due to either party from the other shall be promptly paid;
COMPANY shall have the option to repurchase any or all of the Products in
DISTRIBUTOR’s inventory which are new and unused at net price paid
originally byDISTRIBUTOR.
Governing Law
The place of the making and execution of this Agreement, and the location of
the manufacturingfacility for the Products purchased and resold by
DISTRIBUTOR under this Agreement shall be Cape Town, South Africa.
Accordingly, the parties agree that the law of South Africa shall govern the
interpretation, enforcement and performance of this Agreement. COMPANY
and DISTRIBUTOR each expressly waive and disavow any rights that may
accrue under any other body of law. The U.N. Convention on Contracts for the
Saleof International Goods is hereby excluded from application to this
Agreement.
Dispute Resolution
In the event that the parties are unable to informally resolve any dispute, claim,
demand, controversy or cause of action of every kind and nature whatsoever,
known or unknown, vested or contingent, that such party may now have or at
any time in the future claim to have based in whole or in part, or arising from or
that in any way is related to the negotiations, execution, interpretation
orenforcement of this Agreement (collectively, the "Disputes"), the parties agree
that such Disputes shall be completely and finally settled by submission of any
such Disputes to arbitration before a single arbitrator under the Rules of
Conciliation and Arbitration of the International Chamber of Commerce then in
effect. Unless the parties agreeotherwise, the arbitration proceedings shall take
place in Cape Town, South Africa and the arbitration proceedings hereunder
shall be conducted in English. The award of the arbitrator shall be in writing,
shall be final and binding upon the parties, shall not be appealed from or
contested in any court and may, in appropriate circumstances, include injunctive
relief.
Judgment on suchaward may be entered in any court of appropriate
jurisdiction, or application may be made to that court for a judicial
acceptance of the award and an order ofenforcement, as the party seeking to
enforce that award may elect.
Attorney’s Fees
If any party shall commence any action or proceeding against another that arises
out of the provisions hereof, or to recover damages as the result of the alleged
breach of any of the provisions hereof, the prevailing party therein shall be
entitled to recover all reasonable costs incurred in connection therewith,
including reasonable attorneys' fees.
retain business. DISTRIBUTOR agrees that it will not engage in such conduct,
nor permitothers under its control to makesuch gifts or payments.
Limitation of Liability
Indemnification
Survival
Assignment
Neither party may assign any of the rights or obligations set forth in this
Agreement without the prior written consent of the other, provided that
COMPANY shall have the right to assignany portion of the Agreement to its
subsidiaries and affiliated companies.
Notices
All notices and demands under this Agreement shall be in writing and shall be
served by personalservice or by mail at the address of the receiving party first
stated in this Agreement (or such different address as may be designated by
such party to the other in writing). All notices or demands by mail shall be by
telex, cable, telefacsimile, or by certified or registeredairmail, return-receipt
requested, and shall bedeemed complete upon receipt.
Integrated Agreement
Language
This Agreement has been written in the English language. It may be translated,
for convenience, into other languages. However, in case of error or
disagreement, the executed English language version shall prevail.
COMPANY: DISTRIBUTOR:
PLACE: PLACE:
TITLE: TITLE:
DATE: DATE: