Terms & Conditions for Dealership

Appointment Terms

  1. Agreement Duration: 3 years renewable based on performance
  2. Territory Exclusivity: Non-transferable exclusive rights for designated area
  3. Performance Targets: Minimum monthly sales targets as per category
  4. Security Deposit: Refundable deposit as specified above
  5. Initial Stock: Mandatory initial inventory investment

Operational Conditions

  1. Product Range: Mandatory to stock complete NEER product portfolio
  2. Pricing Policy: Adherence to company’s recommended retail price structure
  3. Quality Maintenance: Proper storage conditions and FIFO rotation
  4. Brand Guidelines: Compliance with brand identity and marketing guidelines
  5. Reporting: Monthly sales reports and market feedback submission

Commercial Terms

  1. 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
  2. Discount Structure: Volume-based discounts ranging from 8-15%
  3. Incentives: Performance-based quarterly incentives
  4. Transport: Product delivery at dealer’s location
  5. Replacement Policy: Damaged goods replacement within 24 hours

Termination Clauses

  1. Company Rights: Right to terminate for non-performance or policy violations
  2. Dealer Rights: 60 days notice period for voluntary termination
  3. Stock Return: Unsold stock buyback at 90% of invoice value
  4. Territory Transfer: Non-transferable without company consent