Terms & Conditions

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  1. M/s ABC will order various LED lighting products with M/s Hunbul Tech Pvt Ltd for a sum of Rs. million which will be deliver as and when required.
  2. 2.PARTY A ensure full support to ABC, for 6 months tenure in terms of warehouse & vehicle support on monthly rental fee. (Mutual Decision)
  3. PARTY A will ensure product delivery support to ABC, only during office hours.
  4. The territory will be all Lahore. (Areas Will be added according to mutual discussion)
  5. PARTY A entitles ABC to handle all retail stores within defined territory and will not handle any retail store at their own. Also ensures complete diversion of received inquiries from new or existing retailers to ABC.
  6. PARTY A will accommodate credit facility of 50% amount of initial order value Rs: million on monthly basis.
  7. PARTY A authorize ABC to be the exclusive distributor in Lahore city, and there will be no other distributor for Lahore territory.
  8. PARTY A will buy/take back stock at invoice value in case ABC decides to quit or cancel this agreement. (Mutual Decision)
  9. PARTY A take back all the outstanding or credit given in the market in case of the cancellation of the agreement by M/s ABC and will pay the amount to M/s ABC within time period of 6 months. (Mutual Decision)
  10. PARTY A cannot terminate this agreement at their own, needs to be discussed and decision will be taken as per mutually agreed terms.
  11. There will be no price increase for a period of one year at least, Conditional.
  12. Corporate customers can be handled by M/s ABC Which are not buying from (SKY LED) at present. Corporate deals shall be dealt according to the project. However, M/s ABC will only have been entitled to deal with customers who are already not linked with (SKY LED).
  13. PARTY A take full responsibility of training the staff of M/s ABC. Free of cost. 
  14. PARTY A allows M/s ABC to do any marketing activity to promote his distributor network on their own expenses. However, centralized marketing activity will be handled by (SKY LED) on their expenses.
  15. (SKY LED) will not bound or force the M/s ABC for retaining any slow moving item in the stock.
  16. PARTY Aentitled M/s ABC to get 30 days credit.

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