Mix electronics factory company

Agents

 

 Agency Contract  

   

 It is on the day of (………………….) corresponding to (……. / ………/1441 AH), when it was agreed between :

First: – Mr / Mix Company for Electronic Devices, Commercial Register No. (1011137570) Date (2/16/1439 AH) whose address is the Kingdom of Saudi Arabia City, Riyadh, King Fahd Road, in Business Leaders Tower, Office No. 107. Represented in this contract by Professor The inventor (Majed bin Abdullah Al-hothaly) and in his official capacity the CEO of the company is a factory for mix electronic devices 

 (And referred to as the first party)………………………………………………………………..

Second: – Gentlemen / …………………………………, represented by Mr. / … ………………………………………….

number National identity (………………………………) address …………. ………………………………. Mobile (……………………………)

 e-mai (………………………………………….) In his official capacity (……………………………………….)  referred to as the second party (……………………………………..)

 

 As the first party is the sole owner of a product (a hot + cold mix machine) and its brand is a mix and owner of the trade name (Mix Plus) with the trademark, and holds a patent certificate No. (5446) dated (07/7/2017) issued from King Abdulaziz City for Science and Technology in the Kingdom of Saudi Arabia, as well as a patent from the State of Germany No. (105690 /) and the date (04/11/2018), and since the second party wishes to manage, sell and distribute the mentioned product, accordingly, the will of the two parties met after it was approved Their eligibility to contract and conclude all legal conditions, and they have agreed on the following

 

1 . Boot above is an integral part of this contract

2 . The contract period is a Gregorian year starting from the date of signing, and the contract is renewable only by the will and desire of the first party, individually.

3 . An agent exclusively for the product of a hot + cold mix heater with a fee of (250,000) thousand Saudi riyals annually.

4 . Distributor agent for the product of a hot + cold mix heater with a fee of (125,000) thousand riyals annually.

5 . The required quantity of a hot + cold mix machine is not less than (1000) units per 6 months and not less than (2000) units per year.

6 . Payment of the added value (5%) of the value of the required quantity of the product.

7 – Paying the financial value of the required amount in item (5) from a Hot & Cold mix machine in addition to the added value (the tax determined by the state) (5%) of the financial value required in item (6) immediately after signing the contract.

 

  tasks entrusted to the first party 

 1- Manufacture and product development. 

2- The first party is obliged to deliver the product and continue to the warehouse of the second party. 

 

 Tasks assigned to the second party: 

1- Marketing advertisements with read, visual and audio media

2- Providing an appropriate warehouse that meets the conditions of storage and safety, according to the specifications of government agencies in the Kingdom of Saudi Arabia.

3- The second party pays the financial amount of the required quantity in one of the following ways: A bank transfer on account number (Sa9505000068201830010001 (Alinma Bank) in the name of (Mix Electronic Devices Company).

4- It was agreed on the selling price of the hot and cold hot mix unit in the amount of (2250) Saudi riyals (two thousand two hundred and fifty Saudi riyals) for the second party, knowing that the unit capacity is (40 liters).

5- The first party guarantees the product with a comprehensive factory quality guarantee (for a period of 3 years).

6 – The first party is not responsible for the warranty and replacement of the product in the event of a malfunction in the product for reasons due, for example, but not limited to improper transportation, storage, installation or operation or lack of commitment to maintenance according to the manufacturer’s instructions or the use of spare parts from a supplier other than the first party or Instability of electrical expansion or failure.

7 – The second party does not have the right to waive this contract or part thereof or the rights resulting from it for others, with or without compensation, before returning to the first party.

8- The parties undertake to refrain from disclosing any secret or any oral or written information, or to clarify any forfeiture known to him during the execution of this contract directly or indirectly.

9- The second party may not sign any agreements or contracts related to (the product subject to the contract) with others without approval or the issuance of an explicit written authorization issued by the first party to do so.

 10- The second party may not use the product subject to the agreement or any of the trademarks of the first party after the expiration or termination of this agreement except under a new contract with the first party.

11-The second party may not under any circumstances address any of the companies represented by the first party, directly or indirectly, without the presence of the first party or through a written authorization issued by it, given that the relationship that the second party derived from this agreement is confined to them only.

12- The second party committed to implement the terms of the above contract and pay all the amounts due during the period of the validity of this contract until the end of its agreed term, provided that in the event that the second party violates this or in the case of his desire to withdraw or terminate the contract before the end of its term, he is not entitled to a refund Any sums paid to the first party or its claim with any financial sums due from it, and the first party is entitled to demand appropriate compensation for the damage and loss it has suffered and what it has missed as a result of that, and this clause has been released with complete consent between the two parties without pressure or coercion with free and free will from Any defect of the will

 

 This contract ends in any of the following cases: 

1- The end of the contract period.

2- Declaration of bankruptcy.

  

This contract has been drawn up in two original copies, each party of whom shall keep a copy to work as a duty .

 

 

The first party                                                                        the second party

 

Name : Majed bin Abdullah Al-Hothaly                           Name : ………………………………………………

 

Signature  : …………………………………………                           signature : ………………………………………..

 

Date : ……… / ……. / 1441 AH.                                            Date : …… / ……. / 1441 AH.

 

Official Seal Official Seal                                                       Official Seal Official Seal