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sales agency agreementnodatethis agreement is entered into between the parties concerned on the basis of equality and mutual benefit to develop business on terms and conditions mutually agreed upon as follows:1. contracting partiessupplier: hereinafter called party aagent:hereinafter called party b2. *3. territory.in . only.4. confirmation of orders5. paymentagent shall strictly conform with any and all instructions given by seller to agent from time to time and shall not make any representation, warranty, promise, contract, agreement or do any other act binding seller. seller shall not be held responsible for any acts or failures to act by agent in excess of or contrary to such instructions. article6. territory the territory covered under this agreement shall be expressly confined to _(hereinafter called territory) aricle7. products the products covered under this agreement shall be expressly conned to _(hereinafter called products) articlearticle 6. minimum transaction and price in the event that during one year (12 months) during the effective period of this agreement, aggregate payment received by seller from customers on orders obtained by agent under this agreement amounts to less than _, seller shall have the right to terminate this agreement amounts to less than _,seller shall have the right to terminate this agreement by giving thirty (30) days written notice to agent. the seller shall from time to time furnish the agent with a statement of the minimum prices and the terms and conditions of sales at which the goods are respectively to be sold.article 10.information and reportboth seller and agent shall quarterly and/or on the request of either party furnish information and market report each other to promote the sale of products as much as possible. agent shall give seller shall furnish with or without charge to agent reasonable quantity of advertising literatures catalogues, leaflets, and the like as agent may reasonably require.article 11. sales promotionagent shall diligently and adequately advertise and promote the sale of products throughout territory. seller shall furnish with or without charge to agent reasonable quantity of advertising literatures catalogues, leaflets, and the like as agent may reasonably require.article 12 .industrial property rights agent may use the trade - mark(s) of seller during the effective period of this agreement only in connection with the sale of products, provided that even after the termination of this agreement agent may use the trade - mard(s) in connection with the sale of products held by it in stock at the time of termination. agent shall also acknowledge that any and all patents, trade - marks, copyright and other industrial property rights used or embodied in products shall remain to be sole properties of seller and shall not dispute them in any way. if any infringement being found, agent shall promptly notify seller and assist seller to take steps to protect its right.article 13. duration this agreement shall enter into force on the signing of both parties. at least three(3) months before the expiration of the term, both seller and agent shall consult each other for renewal of this - agreement. if the renewal of this agreement is agreed upon by both parties, this - agreement shall be renewed for another_ year(s) period under the terms and conditions herein set forth,with amendments, if agreed upon by both parties. unless this agreement shall expire on _.article 14. termination in case there is any nonperformance and/or violation of the terms and conditions including article 5,6,11 under this agreement by either party during the effective period of this agreement, the parties hereto shall do their best to settle the matter in question as prompt and amicable as possible to mutual satisfaction. unless settlement should be reached within thirty (30) days after notification in writing of the other party, such other party shall have the right to cancel this agreement and the loss and damages sustained thereby shall be indemnified by the party responsible for the nonperformance and/or violation. further in case of bankruptcy or insolvency or liquidation or death and/or reorganization by the third party of the other party, either party may forth with terminate this agreement without any notice to the other party.article 16. trade terms and governing law the trade terms under this agreement shall be governed and interpreted under the provisions of 1990 inco terms an
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