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12

Oct

2021

United Nations Lima Agreement

By Erik. Posted in Uncategorized | No Comments »

The Lima Declaration and Plan of Action calls for the redistribution of global industry, so that developing countries would have 25 per cent by the year 2000. To do this, it is recommended to make radical changes in traditional concepts and practices….

 

12

Oct

2021

Types Of Indemnity Agreements

By Erik. Posted in Uncategorized | No Comments »

If you look at a large retailer like Trader Joe`s, Costco or Walmart or Randalls, there is very often a compensation provision that says that if you want to sell a product in our stores and if someone gets sick or needs to be called back, and it`s your fault, you have to reimburse us for that. “[22] Car rental companies often have drivers sign a compensation agreement before driving the car off the field. The aim is to protect against complaints in the event of an accident by the driver in the rental car. Insurance Considerations Most insurance policies guarantee the indemnification obligations imposed on your business as long as the obligation to pay that indemnity is rooted in an “insured contract”. While the events leading to compensation may be contractual, the measures to be taken to compensate the victim are largely unpredictable and the maximum compensation is often expressly limited. An exemption contract or a non-severability clause defines a method of transferring financial risk to a third party under a written contract. It lists all the parties involved, the situations covered and the party or parties who bear the risk. The State of California has amended from time to time the statutes which contain general rules for the interpretation of indemnification. . . .

 

12

Oct

2021

Trading Agent Commission Agreement

By Erik. Posted in Uncategorized | No Comments »

CONSIDERING that the company and the agent wish to enter into an agreement under which the agent markets and sells the product in accordance with the conditions contained therein. (11) That the authorised representative is personally liable for payment of the price of the goods delivered by him or on the basis of the orders he has provided, if the element to which the manufacturer has delivered the goods refuses or refuses to accept them within three months of their receipt, when transmitted to those elements. This responsibility of the agent is equal to this guarantee. 12. That the intermediary has a cash guarantee up to Rs……….. to the manufacturer for a period of one year sufficient (regardless of the prior decision of the agreement for any reason) to ensure compliance by the authorised representative with the terms of this agreement, and this guarantee shall be remunerated at 3% per annum. This guarantee must be reimbursed to the agent with interest within one month of the expiry of the period laid down in the agreement, after adjustment of the accounts between the parties. In the event of a dispute concerning a matter for which a deduction is requested by the manufacturer, the aforementioned dispute will be submitted to the arbitration procedure of the President of the District Law Chamber at…….. either acting as arbitrator himself or appoints another member of the Bar Association (paying income tax) as arbitrator. 2.

The agent applied to the manufacturer to request his appointment to that agent and agreed to act as agent. 1. The manufacturer wants an agent of the Commission for the sale of.. made by him. (5) No warranty may be given on behalf of the manufacturer unless this is in accordance with the instructions given from time to time by the manufacturer. for all orders and orders that emanate directly or indirectly from this area and that have been exported or fulfilled by the manufacturer, such execution or conformity being at the absolute discretion of the manufacturer. The mentioned commission must be paid at the end of each month and must also be paid for orders that were placed upon delivery of ………….. are manufactured by the manufacturer on his own initiative for a component within that zone, for consideration.

2. That the agent for ……. according to the best and experience in this field and guarantee below, directly or indirectly, orders for the sale of ……… in the measure of the value of Rs……….. at least the year beginning from the date of this Agreement. At Witness Whereof, the parties signed this agreement on the day and year that were written first….

 
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