Agent Commission Agreement - Gil Tuplano
Agent Commission Agreement - Gil Tuplano
Agent Commission Agreement - Gil Tuplano
-and-
1. TERRITORY
“Agent” shall act as a sole agent/broker for the “Principal” within
the Philippines as well as the area mutually agreed upon.
2. PRODUCTS
All non-ferrous Scrap metals that can be found within the
territory.
3. EFFORTS
Agent shall do its best and utmost efforts to look for non-ferrous
Scrap metals from all sources, to make certain that the Principal
and the source will have the meeting of the minds, and
eventually to deliver the said metals to the Principal;
4. COMMISSION
Commission rate will be more or ore less twenty percent
(20%) of the London Metal Exchange (LME) price of the
products as evidenced by the Principal’s Receiving Report from
the delivery of the source.
5. EFFECTIVITY
This Agreement is effective for one (1) year from November __,
2016 to November __, 2017. This Agreement may be extended
automatically unless otherwise informed by either party.
6. COMPLIANCE
The Principal and Agent shall comply with the relevant rules and
regulations under Philippine laws especially the Tax Code and
New Civil Code.
7. PRE-TERMINATION
In the event of this Agreement being terminated by the
principal for any reason other than willful misconduct on the
part of the Agent, the Agent shall be entitled to be
compensated for loss of goodwill suffered, investments and
services made by the Agent. Such compensation shall be an
amount equal to the amount of the average monthly
commissions over the previous periods multiplied by the
months left not passed by. However such compensation shall
not be less than ----------for each month not lapsed.
8. AMICABLE DISPUTES
Any disputes or claims which may not be resolved amicably
between the parties hereto shall be settled by arbitration in the
court in Caloocan City.
Notary Public
Doc. No.____
Page No. ____
Book No. ____
Series of 2016.