B USINE SS C OLLA B OR ATION AG R E E ME NT
Th i s agre e me n t is made & e n te re d in to at D e lh i on t h is __ _ __ day of
_ _ __ _ __ _ . Two Th ou s an d N i n e , by an d be twe e n M/ s VALE D A HE R B AL
P VT LTD a Comp a n y du ly in corporat e d u n de r th e compan ie s Act, 1 9 56
h av i n g
its
re gis te re d
of f ice
at
216,
D ay an an d
V ih ar,
V ik as
Marg
Ex te n s i on , D e lhi -11 0 09 2 . an d re pre se n te d h e re in by its V ice Pre side n t
N e twork Mark e tin g Mr. M an is h Wadh wa , h e re in af te r re f e rre d to as
Fi rs t Par ty
th e
wh ich e x pre s sion wh e ne v e r th e con te x t admits or pe rmi ts
de e m to me an an d in clu de its s u cce ss ors -i n -in te re s t, admin is trators an d
as s i gn s of th e on e par t.
1
AND
M/ s _ _ _ __ _ __ ___ _ __ _ __ __ _ __ __ __ _ __ a Compan y
du ly in corporate d
u n de r th e Compan ie s Act. 19 5 6 / a partn e rs h ip f irm du ly re gis te re d
u n de r
th e
Partn e rs h ip
A ct/
a
P roprie tors h ip
Con ce rn ,
h av in g
i ts
re gi s te re d of f ice at_ _ _ __ _ __ __ _ __ ___ _ __ _ __ __ _ _
_ _ __ _ __ __ _ __ __ __ _ __ _ __ __ _ __ __ __ _ __ _ __ __ _ __ __ an d
re pre s en te d
h e re i n by its __ __ __ _ __ _ __ __ _ __ __ __ _ __ _ , h e re af te r re f e rre d to as th e
S e con d Party wh ich e x pre ss ion s h all wh e re v e r th e con te x t s o admi ts or
pe rmi ts
de e m
to
me an
an d
will
in clu de
its
re pre s en tati v e s ,
admi n i s trat ors , s u cce s s ors , h e irs and as s ign s of th e ot h e r part.
AN D WH EREAS th e Firs t Pa rty is th e abs olu te o wn e r o f th e tra de mark ,
trade n ame s , copy righ ts , de s i gn s , logos , s logan s , comme rcial s y mbol s
as s e t ou t in Annexur e – A an d h e re in af te r called "Mark s " an d i s
e n gage d amon gs t oth e r activ itie s in th e Bus in es s of Be au ty -Clin i cs ,
We i gh t Main te n an c e ‘Ce n te rs ’, Train in g Ce n te rs e tc., M an u f actu re r, s al e
an d u s age o f H e rbal Cos me tics , as pe r n orms an d me th ods de v e lope d
by i t an d wh o o w n s an d h as acce s s to v ariou s proce s s e s , s ys te ms an d
proce du re s ,
copy
righ te d
m ate rial ,
pro prie tary
in f ormation
an d
a
s u bs tan tial body o f te ch n ical k n ow h ow re latin g t o th e location , de s i gn
an d ope ra tion of A y u rv e da Me dical C e n te rs , We lln es s Ce n te rs , Ay u rv e da
S pa, We i gh t L os s Clin ics , Be au ty Clin ics , We igh t Main te n an ce ‘Ce n te rs ’,
Acade mi e s , Train in g, M an u f actu re r, s ale an d u s a ge of H e rbal Cos me ti cs
an d n u mbe r of o t h e r allie d jobs , e t c.
2
AN D WH EREAS th e S e con d Party re cogn ize s th e v alu e an d be n e f its of
be i n g i de n tif ie d with th e Firs t Par ty an d be in g a ble to u tilize th e mark s ,
s y s te ms , de s igns , an d copy righ te d mate rial wh ich t h e Firs t Party i s
own e r an d in pos s e s s ion of .
AN D WH EREAS th e Firs t Par ty u n de r its re lation s h ip ma rk e tin g plan h as
de v e l ope d a prov ision f or ‘V ale da Facility Ce n te r’, he re in af te r k n own as
V FC an d th e S e con d Par ty h as a pproa ch e d th e Fi rs t Par ty t o th i s
agre e me n t to e s ta blis h th is V FC on ly to promo te Produ cts an d S e rv i ce s
prov i de d/re comme n de d by th e Firs t Party , a t_ _ _ _ __ ___ _ __ _ __ __ _ __ __ _
_ _ __ _ __ __ _ __ __ __ _ __ _ , h e rein af te r re f e rre d as th e ‘s aid pre mis e s ’,
u n de r th e n ame a n d s ty le of M/s V ale da F acility Ce n t e r, h owe v e r, th e
S e con d Party s h all be e n title d to dis play u pon an d in s ide th e V FC /
Pre mi s e s th e trade n ame & mark M/ S V ALE D A F A C ILITY C E NTE R
be i n g th e trade n a me an d mark of th e Firs t Party at th e s aid pre mis e s .
AN D WH EREAS th e S e con d Party pos s e s se s own e rsh ip / te n an cy righ ts
of th e s aid pre mise s comple te with uti litie s V iz. Te le phon e Con n e cti on s ,
El e ctri cal Fit tin gs s u ch as Tu be L igh ts , Fan s , Ex h au s t Fan s , an d th e
re qu i s i te con n e cted powe r loa d an d a s tan d by die s e l G e n . S e t/ In v e rte r
of match in g cap aci ty an d all th e s e u tilitie s are part of in te riors an d h as
th e r e qu is ite pe rmis s ion /s an ction s f rom th e Mu n icipal Corpor ation an d
oth e r con n e cte d s tatu tory b odie s t o con du c t bu s in e s s of th e n atu re
me n ti on e d h e re in abov e . Th e S e con d Par ty is als o re gis te re d wi th
3
L ocal / Ce n tr al S al e s Tax Au th oritie s v ide re gis tration n u mb e r_ _ __ __ _
_ _ __ _ __ __ _ __ __ .
Prov i de d f u rth e r th at th e S e con d Party u n de rtak e s to pay all th e
Mu n i ci pal
Tax e s ,
L e v ies ,
Ch arge s,
Pe n altie s
f or
us e
or
misu s e
if
de te cte d late r at an y s tage , f or th e s aid pre mises an d an y le gal
e x pe ns e s re qu ire d to be in cu rre d t h e re on f or th e res torati on of le gal
s tatu s of th e pre mis e s f or ru nn in g the V FC an d the activ itie s con du cte d
th e re i n .
In orde r to av oid an d ambigu ity in th e u n de rs tan din g be twe e n the
parti e s , it h as be e n de e me d f it to r e du ce th e te rms an d con dition s of
th e agre e me n t to writin g.
NOW
THIS
B USINE SS
C OLL AB OR ATION
A G R EE ME NT
IS
W ITNE SSE TH AS UND E R : -
1 .C ONSTITUTIO N:
Th at th e Firs t Par ty an d th e S e con d Par ty h e re by agr e e to coll abor ate
wi th e ach oth e r for th e f u rth e ran ce of th e ir re s pe ctive in te res ts . Th e
S e con d Party at all time s will be re pre s e n te d th rou gh S h ri_ __ _ __ __ _ __ _
_ _ __ _ __ __ _ __ __ _ for th e day to da y work in g an d in cas e h e is n ot
av ai l abl e th e n Mr. _ _ __ __ _ __ __ _ ___ , be in g h is_ __ _ __ _ __ _ __ __ _ __ __
an d bu s i n e s s as s ociate , m ay re pre s e n t
4
2 . INIT IAL TE R M:
Th i s agre e me n t will comme n ce f rom t h e date of s ign in g/ an d u n le s s
te rmi n ate d in ac co rdan ce with th e te rms an d con di tion s s pe cif ie d h e re in
s h al l re main in f orce on ly f or on e y e ar f rom th e da te o f s ign in g.
3 . R E NE W AL OF TE R M:
Prov i de d th at e ith e r of th e partie s to th e agre e me n t hav e compile d wi th
al l th e te rms an d con dition s of th e agre e me n t, th e partie s th re e mon th s
pri or t o th e e x piry of th e a gre e men t will re n e w th e agre e me n t f or a n
addi ti on al pe riod o f on e y e ar on s u ch te rms an d con dition s as prov i de d
h owe v e r th at f in a n cial obliga tion s of e ith e r of th e partie s h av e be e n
s e ttl e d be twe e n th e m.
4 . INVE ST ME NTS & E XP E NSE S:
Th at th e S e con d P arty will in v e s t/or ge t f in an ce d on h i s own f or
1 0 0 S qf t. as min imu m are a n e e de d f or dis play of V ale da produ cts i n
V FC,
Th e pu rch as e & co mmis s ion in g of In te riors ,
D i s pl ay as pe r d e s ign s approv e d by th e Firs t Par t y f or 1 3 V al e da
We l l n e ss Produ ct P lan s .
Compu te r with in t e r n e t con n e ction an d a las e r prin te r ,
N on -re tu rn able / N on Ex ch an ge able V ale da Produ cts , s old by th e Fi rs t
Party ,
v alu e d
at
a
min imu m
wo rth
5
of
Rs .
/
(Ru pe e s __ _ __ __ _ __ _ __ _ __ __ _ __ __ _ ) or at a v alu e a mou n tin g to th e
two m on th s proje c te d s ale f rom th e s aid V FC,
At an y giv e n poin t of th e time In v e n tory of V ale d a Pro du cts of a v al u e
amou n ti n g t o th e t wo mon th s s ale f r om th e s aid V FC,
Commi s s ion in g of dis play bo ard s u pp lie d by Firs t Par ty ,
El e ctri ci ty an d Wa t e r e x pe ns e s of th e V FC,
Al l
ov e rh e ads
In te rn e t
bills ,
at
V FC
th at
Stati on ary ,
in te r - alia
Pos ta g e
in clu de
an d
Te leph on e
S alary
to
th e
e x pen s es ,
s taf f
&
En te rtai n me n t of h is gu e s ts . Als o, con v e y an ce , boardin g an d lod gin g of
th e
S e con d
Party
an d
V FC
s taf f
e ith e r
f or
in de pen de n t
bu s in ess
pu rpos e s or f or v is its to th e f acilitie s of th e Firs t P arty .
Al l ou tward & in w a rd car tage f or s u pply & re ce ipt of pr odu cts ,
N e ce ss ary s u pport f or me e tin gs of e x is tin g an d pros pe ctiv e V al e da
Con s u l tan ts .
Th at th e Firs t Pa rt y will in v e s t/or ge t f in an ce d on h is own f or
Th e pu rch as e of o n e f ron t lit f le x dis play bo ard of s ize 5 ’x 3 ’
Is s u i n g of Ele ctro n ic V ou ch e rs v alu e d at an amou n t e qu iv ale n t to th e
e ach pu rch as e inv oice v alu e of Firs t Party . H owe v e r, th is E -v ou ch er
e i th e r i n comple te or th e balan ce un u s e d amou n t is not re f u n dable on
te rmi n ation of th is agre e me n t as pe r te rms h e re in in th is docu me n t.
O n e ti me train in g s e ss ion of th re e day s f or S e con d party or i ts
re pre s e n tativ e s , v alu e d at Rs . 1 5 0 0 0 /, a t f a cilitie s own e d by th e Fi rs t
Party .
6
PO P mate rial, in qu an titie s con s ide re d appro priate b y th e Firs t Party ,
th at i n te r - alia in cl u de s Pos te rs , Flie rs & S tick e rs
Fre i gh t f or s u pply of p rodu c ts to th e S e con d Party
5 . S TAFF TRA IN IN G :
Th e Fi rs t Party has de v e lope d an e x te n s iv e train in g an d Proce du re
program . Th e S e con d Party is e x pe cte d to f ollow t h e G u ide L ine s ,
In s tru cti on s ,
Pre s cription s ,
Proce du re s ,
Re gu lation s ,
Forms ,
Ch arts ,
Tabl e s , Re cords , a n d an y oth e r re qu ire me n ts u n de r the s aid Proce du re
Program n ot on ly in words bu t als o i n s pirit.
Th e S e con d Party s h all e mpl oy min imu m s taf f as in s tru cte d by th e Fi rs t
Party . Al l s u ch s ta f f will be train e d at th e e x pe n se of th e S e con d Party
at th e f acilitie s of th e Firs t Party at D e lh i/K au sh ambi f or s u ch du rati on
as may be de e me d f it by th e Firs t Pa rty in in div idu al ca s e s . Th e S e con d
Party s h all n ot u s e an y s taf f in th e VFC wh o h as n ot be e n train e d to th e
s ati s f action of th e Firs t Party .
It wi l l be th e re s pon s ibility of th e S e con d Party t o d e ploy on ly s u ch
s taf f f or mark e tin g V ale da We lln e s s Produ ct plan an d V ale da We lln e ss
proce du re Plan th at h as be e n s pe cif ically train e d by t h e Firs t Party t o
i ts s ati s f action f or th e s aid plan s . In cas e of n on -av ailability of an y
s u ch
s taf f ,
th e
s aid
plan s
will
n ot
be
mark e te d
appl i ca ti on t o an y clie n t u n de r wh ate v e r circu ms tan ce s .
7
/e x plain e d
f or
Th e ce rtif icate s o f all th e s taf f m e mbe rs , con tain in g th e in div idu al
Ph otogr aph , wh ich may be is s u e d by th e Firs t Party wi th re gard to th e
s ai d trai n in g, will be dis play e d at a c on s picu ou s part of th e V FC.
Th e addre s s , te le ph on e n o., an d e - mail add re s s alon g with th e n ame s
of th e pe rs on s of th e Firs t Party t o be con tac te d, s h all be dis play e d
con s pi cu ou s ly in th e V FC alon g with a n otice to th e clien t to con tac t th e
Fi rs t Party at th e s aid addre s s , te le ph on e n o. or
e -m ail in cas e of an y
di f f i cu l ty or dis s ati s f action .
It wi l l be th e re s p on s ibility of th e S e con d P arty to in f or m th e Firs t P arty
an y cas e wh e re th e proce d u re or produ ct d oe s n ot brin g e x pe cte d
e f f e cts at th e f irs t oppo rtu n ity wh e n s u ch dis cre pan cy is n ote d s o th a t
th e Fi rs t Par ty c ou ld imme diate ly dis patch in s tru ction s or s taf f to ta ck l e
th e s e t proble m. I n cas e an y S taf f , D octor or Te ch n ician f rom th e Fi rs t
Party h as t o a tte n d to s u ch pro ble m or e x ige n cy th e cos t of Tr av e l i n g,
L odgi n g an d bo ar din g of th e s aid s taf f D oc tor or Te ch n ician s h all be
born by th e S e con d Party , h o we v e r th e Firs t Party s h all n ot ch arge an y
re mu n e ration in re s pe ct th e re of .
Th e S e con d Party will allow in s pe ction of th e V FC an d its compl e te
re cords in clu din g Fin an cial an d Te ch n ical Re cords an d In v e n tory to th e
au th ori ze d re pre s e n tativ e of th e Firs t Party a t all ti me s an d will be
bou n d by th e pe riodic writ te n in s tru ction s is s u e d by s u ch in s pe ctors /
re pre s e n tativ e s .
8
In cas e th e Se con d Party doe s n ot f ollow all in s tru ction s as pe r the
Proce du re Progra mme s , it will re liev e th e Firs t Party of an y Th ird Party
l i abi l i ty an d th e S e con d Party will in d e mn if y th e Firs t Party f u lly agai n s t
an y s u ch Th ird Par ty .
N ot wi th s tan din g an y th in g con tain e d in th is Agre e me n t, th e S e con d
Party s h all be bou n d to f ollow an y in s tru ction s iss ue d by Firs t Party
f rom ti me to time in writin g an d all su ch in s tru ction s s hall be tre ate d as
ame n dme n t / a dde n du m to th e Proce du re Programme s .
Th e S e con d Party on its own cos t will dis play a b o ard, of ap prov e d
l ay ou t by th e Firs t Party , at c on s picu ou s place in th e V FC to be
re adabl e by all t h e clie n ts . Any oth e r activ ity s imilar or de ce pti v e l y
s i mi l ar s h all be carrie d ou t at th e V FC with ou t writ te n pe rmis s ion of th e
Fi rs t Party . Th e S e con d Party will n ot com bin e an y ot h e r activ ity wi th
th e
acti v itie s
pre s cribe d by
th e
Firs t Party
u n de r th is
agre e me n t
wi th ou t th e writte n con s e n t of th e Firs t Party .
6 .FINANC I AL AR R A NG E ME NT & FUNC TIONING
A -PU RCH AS E
Th e S e con d Par ty will pu rch as e s to ck s f rom th e Firs t Par ty an d s h al l
pay 1 0 0 % of th e Prof orma in v oice v alu e in adv an ce v ide Ban k D e man d
D raf t, al on g with th e orde r, to th e Firs t Party . Th e S e con d Party s h al l
9
con v e y i ts re q u ireme n ts min imu m 30 day s in adv an ce t o th e Firs t P arty
i n f orm of con f irme d orde rs . Th e min imu m qu an titie s f or e ach produ c t
wi l l be i n th e s h ippe r lots of 1 4 4 pie ce s an d th e ir mu ltiple s .
B -IN V O ICE TO BE RAIS ED BY FIRS T PARTY
Th e me th od of calcu latin g th e applic able rate s , h e re in af te r k n own as
‘V FC Pu rch as e Pric e ’ in th is agre e me n t, f or in v oice s t o be rais e d by th e
Fi rs t Par ty
con ce rn /s ,
e ith e r dire ctly
will
be
s u ch
or
th at
th ro u gh
af te r
it’s
addin g
S u pe r S tock is t /
Fre igh t,
Ce n tral
S i s te r
S al e s
Tax (CS T), L ocal S ale s Tax (L S T)/ V al u e adde d Tax (V A T) on th e in v oi ce
v al u e th e V FC Pu rch as e Price will be 9 5 .2 4% of MRP. In th e e v en t wh e n
th e re i s n o S u pe r S tock is t in a S t ate an d th e a pplicabl e L ocal s ale s tax
i s 1 2% an d th e S e con d Party pu rch as e s goods dire ctl y f rom th e Fi rs t
Party / S is te r Con ce rn on f u rn is h in g C f orm of s ale s Tax th e n th e V FC
Pu rch as e Price will be 8 5 .0 3 % of MRP an d ap plicable L ocal s ale s T ax @
1 2 % wi l l be colle cte d an d s u bs e qu e n tly de pos ite d wit h th e au th ori ti e s
by th e S e con d P ar ty . MRP ra te s m e n tion e d in th e V al e da H e rbal Pri ce
L i s t are at tach e d h e re in as Annexur e B .
C- D IS PATCH O F S TO CK S BY FIRS T P ARTY
Th e Fi rs t Party s hall dis patch s tock s on again s t S ale s Tax Form ‘C’ to
th e S e con d Par ty , by tran s por te r of ch oice of S e c on d Par ty .
Th e
S e con d Party will e n s u re prov idin g Sale s Tax C f orms to th e Firs t Party
wi th i n 3 mon th s from s u ch dis patch . H owe v e r, it is agre e d u pon th e
parti e s th at u n de r n o circu ms t an ce s le t it be e v e n in cas e of a dis pu te ,
10
th e S e con d Party will e v e r h old th e S ale s Tax f or ms . It is h e re in
u n de rs tood amon g s t th e partie s th a t th e S e con d Part y will de pos it an
amou n t, e qu iv ale n t to 8 .5 % of e v e ry In v oice v alu e as s e cu rity with th e
Fi rs t party . Th is S e cu rity de pos it will h owe v e r be re f u n dable by th e
Fi rs t par ty on re ce ipt of S ale s T ax Fo rms .
D - D IS PATCH G EN ERAL TERMS
Th at al l th e s to ck s in tran s it an d in S e con d Party ’s go down will be th e
re s pon s i bility of t h e S e con d Party a t its o wn cos t a ga in s t th e f ts , f i re s ,
ri ots ,
f l oods ,
d a coity
B re ak age s /L e ak ag e s
or
a gain s t
/Complain ts
an y
if
an y
of
th e
n atu ral
du rin g
th e
cal amiti e s .
tran s it,
f or
re pl ace me n ts , will be brou gh t to t h e n otice of th e Firs t Party , f or
v e ri f i cati on with in 1 5 day s f rom th e date of dis pa tch . S u ch brin gin g of
n oti ce by th e S e con d Party will be w ith de f e ctiv e s ample s an d with f u l l
de tai l s of damag e in clu din g N u mbe r of damage d p rodu cts /v arie ti e s ,
N atu re of com plain t, D a te of m an u f ac tu rin g e tc.
E- O TH ER FIN AN CI AL TERMS
N o s e cu ritie s will e v e r be re ce iv e d, on be h alf of Fir s t Par ty , by th e
S e con d Party f r o m v ariou s s tock i s t/dis tribu t ors /We lln e s s Con s ultan ts
e tc. Th e S e con d Party will n ot e n te rtain an y cas h tran s action with th e
e mpl oy e e s of th e Firs t Party .
11
F- PRICE S TRU CTU RE
It h as be e n mu tu ally agre e d u pon th e partie s th a t du rin g th e te n u re of
th i s agre e me n t bes t care s h all be tak e n th at th e price s tru ctu re is n ot
al te re d.
Bu t in c as e of an y ch an ge in price s tru ctu re of Firs t P arty ’s
produ cts or s ch e me s du e to s t at u tory re gu lation s or w arran te d by
ci rcu ms tan ce s be yon d th e h u man con trol th e Firs t Par ty s h all h av e th e
r i gh t i n its abs olu te dis cre tion to t e rmin ate th is agr e e me n t by giv i n g
on e we e k s n otice .
Th at th e S e con d Party u n de rtak e s to s e ll the produ cts of th e Firs t Party
at pri ce s n ot e x ce e din g th os e mention e d in V ale da H e rbal Price L i s t
e n ti tl e d MRP (M ax imu m Re com me n de d Price ) is s u e d by th e Firs t P arty
an d a tt ach e d h e re in as Anne xure B .
Th at wh e n e v e r th e price s of Firs t Party ’s pr odu cts a re re du ce d e i th e r
v ol u n tarily or in pu rs u an ce of an y s tatu tory oblig at ion , th e S e con d
Party an d i ts W e lln es s con s u ltan ts /re taile rs , to th e e x te n t of th e
ph y s i cal s tock ly in g ou ts tan din g with re s pe ct to th e las t tw o pu rch as e s
s h al l al s o be cov ere d by su ch price re du ction an d th e Firs t P arty s h al l
i s s u e f re e re placeme n t accordin gly . H owe v e r, th e Se con d Party wi l l
prov i de copie s of al l docu me n ts re late d to s t ock , dis pa tch an d or de r t o
th e Fi rs t Par ty as an d wh e n re qu ire d.
Th e S e con d Party will mak e all s ale s an d billin g on it’s own n ame ,
h owe v e r it s h all als o re cord all s ale s an d billin g on th e of f icial we b s i te
12
v al e dal i f e .com of t h e Firs t Party an d re alize p ay me n ts f rom th e clie n ts
tak i n g Produ c t or Proce du re Plan s at th e V FC. Th e S e con d Party wi l l
e n s u re to wri te , th e ‘orde r n u mbe r’ ge n e rate d at v ale dalif e .com, on
e v e ry bi l l iss u e d by it.
S pe cif ic au th ority righ ts by me an s of u s e rn a me
an d p as s word will be giv e n t o th e S e con d Pa rty on of f icial we bs i te
v al e dal i f e .com of th e Firs t Party . T h e s e au th ority righ ts will e n abl e
S e con d Party to ac ce s s th e tran s actio n s don e by it.
Th e S e con d Party will e n su re to se n d, on we e k ly bas is , all V al e da
Con s u l tan t J oin in g Applica tion s & O rde r Forms in origi n al an d main t ai n
a copy th e re of at V FC. S e con d Party will als o e n su re prompt s u ppl y of
orde rs place d at V FC. It is th e re spon s ibility of th e S e con d Party to
i mme di ate ly ,
on
re ce ipt,
u pload
th e
V ale d a
Con s u ltan t
joi n i n g
appl i ca ti on s & O rde r Forms on of ficial we bs ite v aledalif e .com. Th e
di s patch re port , o n f ormat pre s cribe d by th e Firs t Part y , will be e mai l ed
on dai l y b as is to a ccou n ts @v ale dalif e .com
7 . TE R MINATION
Th at, n o t with s tan din g an y th in g con tain e d in th is agree me n t, both th e
parti e s
agre e
an d
u n de rs tan d
th at
th is
agre e me n t
s h all
n ot
be
te rmi n ate d, by th e S e con d Party , b e f ore s ix mon th s f rom th e da te of
s i gn i n g
of
th is
Agre e me n t.
H owev e r,
du rin g
t he
te n u re
of
th is
agre e me n t if th e Firs t party con s ide rs n e ce s s ary for wh at s o e v e r
re as on , it can te rmin ate th e Agre e me n t an y time with a t wo we e k s
n oti ce .
13
On
th e
can ce llati on ,
te rmin ati on /c omple tion
of
th e
te rms
of
th i s
agre e me n t, th e righ t of th e u s age of trade n ame an d logo will s tan d
wi th drawn f r om th e V FC & th e S e co n d Party s h all n o t con du ct s imi l ar
bu s i n e ss u n de r an y oth e r n ame an d / tr ade n ame s n e ith e r in th e s ame
pre mi s e s n or in the as s ign e d te rritor y f or a pe riod of 2 4 mon th s .
O n th e can ce llati on or te rmin a tion of th is agre e me n t an y te ch n i cal
k n ow -h ow, Au th or ity u s e rn ame an d pas s word at v ale dalif e .com, da ta ,
bl u e pri n ts or th e de tails of te ch n ica l or oth e r in f orma t ion pos s e s s e d by
th e S e con d Party s h all be re tu rne d to th e Firs t Party . U n de r n o
ci r cu ms tan ce s th e S e con d Party will mak e copie s of an y da ta an d
i n f ormation s u pplie d by th e Firs t Party f or th e V FC. It is h e re by
u n de rs tood th at i t is th e s ole liability of th e S e con d Party t o e n s u re
con f i de n tiality of th e data an d te c h n ical in f ormation s u pp lie d by th e
Fi rs t Party u n de r t h is agre e me n t.
8 .OTHE R TE R MS:
a. Th at th e s e con d p arty h as paid a s u m of Rs . V ide Ch e qu e / D raf t
N o._ _ _ __ __ _ __ __ __ _ __ _ .D ate d _ _ ___ _ __ _ _ at th e time of s ign i n g
th i s agre e me n t as pe r te rms of th is a gre e me n t
b. O n th e can ce llation , t e rmin ation /co mple tion of th e te rms of th i s
agre e me n t, th e u n s old produ cts wi ll n ot be pu rch a s e d/ tak e n
back /or oth e r wis e compe n s ate d in a n y f orm by th e Fir s t Party .
14
c. Th e S e con d Party will n ot tran s f e r, as s ign , or e n te r in to an y s u b
Collabor ation /
Ag re e me n t
/ Partn e rs h ip at
an y
s ta ge
with ou t
wri tte n pe rmis s ion f rom th e Firs t Party oth e rwis e th e Firs t Party
wi l l
h av e
th e
ri gh t
to
c an ce l
th is
arran ge me n t
/ Agre e me n t/
Collabor ation with ou t as s ign in g an y re as on wh at s o e v e r to the
S e con d Party an d th e S e con d Part y will als o los e all righ ts to go
to Arbi tra tion / Cou rt.
d. An y
f in an cial imp act
of
s t atu t ory
obliga tion s
of
th e
V FC on
accou n t of clie n t dis s atis f action , Pro v ide n t Fu n d, Employ e e s S tate
In s u ran ce (ES I), l abou r dis pu te s , S a le s Tax , V AT, S e rv ice Tax an d
oth e r s u ch f in an cial liabilitie s s h all b e me t by th e S e con d Party .
e . Th e S e con d Party wil l n ot con du ct a bu s in e s s wh ich h as an y
con s e qu e n tial dire ct or in dire ct d a mage to th e th e me , s ty le of
work in g, re pu t atio n , s tatu tory o bliga tion s , f in an ce , in t e re s t of th e
Fi rs t Party in an y f orm; th e los s e s s o s u f fe re d sh all be s ol e
l i ability of th e S e c on d Par ty .
f . Th i s agre e me n t do e s n ot con f e r an y e x clu siv e righ ts to th e S e con d
Party . All righ ts will re main re s e rv e d with th e Firs t Party &
de cis ion of Firs t P arty in c as e of an y ambigu ity s h all be f in al.
g. Th at n o t with s t an din g an y th in g con tain e d in th is agre e me n t
n e i th e r Firs t Party n or S e con d Party will be u n de r an y obligati on
to giv e e f f e ct to th e te rms an d con dition s of th is agre e me n t
re gardin g th e s u pply an d re ce ipt of s tock s in the ev en t of s tri k e
or lock -ou t a t th e f actory or f ac torie s or of f ice s of th e Firs t Party
or ge n e ral lab ou r an d tr an s port s trik e or de ale r’s e s tab lis h me n t on
15
accou n t of s trik e or lock -ou t, war, civ il commotion or an y act of
G od or G ov e rn me n t be y on d th e con t rol of th e par tie s re s u ltin g i n
th e
s toppage of man u f actu rin g or in th e s toppage o f s e llin g of
s tock s cov e re d by th is agre e me n t.
9 .Jurisd ic t io n
It i s h e re by by agre e d by both partie s th at dis pu te s if an y in relation to
or ari s i n g ou t of t h is agre e me n t s h all be s u bje ct t o th e J u ris diction of
D e l h i Cou rts on ly .
In agre e me n t of a bov e poin ts
In agre e me n t of a bov e poin ts
f rom 1 to 9
f rom 1 to 9
Man i s h Wadh wa
_ _ _ _ __ _ __ _ __ _ __ __ _ __ __ _
S IG N ED FO R AN D BEH AL F O F
S IG N E D FO R AN D BEH AL F
FIRS T PARTY AS
O F TH E S ECO N D PARTY AS
M/s V AL ED A H ERBAL PV T L TD .
---- --- --- --- --- --- --- ---- --- ---
--2 1 6 D AY AN AN D V IH AR, V IK AS MARG ,
---- --- --- --- --- --- --- ---- --- ---
--D e l h i -11 0 09 2
---- --- --- --- --- --- --- ---- --- ---
--(IND IA )
---- --- --- --- --- --- --- ---- --- --- --16
D ATE
D ATE
PL ACE
PL ACE
17