Appointment Terms
- Agreement Duration: 3 years renewable based on performance
- Territory Exclusivity: Non-transferable exclusive rights for designated area
- Performance Targets: Minimum monthly sales targets as per category
- Security Deposit: Refundable deposit as specified above
- Initial Stock: Mandatory initial inventory investment
Operational Conditions
- Product Range: Mandatory to stock complete NEER product portfolio
- Pricing Policy: Adherence to company’s recommended retail price structure
- Quality Maintenance: Proper storage conditions and FIFO rotation
- Brand Guidelines: Compliance with brand identity and marketing guidelines
- Reporting: Monthly sales reports and market feedback submission
Commercial Terms
- Payment Terms:
- Distributors: 30 days credit after 6 months of satisfactory performance
- Wholesalers: 15 days credit after 3 months
- Retailers: Cash on delivery initially, 7 days credit later
- Discount Structure: Volume-based discounts ranging from 8-15%
- Incentives: Performance-based quarterly incentives
- Transport: Product delivery at dealer’s location
- Replacement Policy: Damaged goods replacement within 24 hours
Termination Clauses
- Company Rights: Right to terminate for non-performance or policy violations
- Dealer Rights: 60 days notice period for voluntary termination
- Stock Return: Unsold stock buyback at 90% of invoice value
- Territory Transfer: Non-transferable without company consent