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Terms and Conditions for Agent / Dealer
Following terms of reference are being dictated by “CG Holdings Pvt. Ltd.” (the “Company”) for the purpose of engaging Agent / Dealers as long term partners to market, advertise and sell its existing and future Projects (residential cum commercial) to the general public on behalf of the Company.
The Company intends to invite applications for the selection of its Agent / Dealers. Please find below the guidelines with respect to the application and terms and conditions of engagement post selection.
- Agent / Dealer and/or its representatives shall conduct themselves in a manner consistent with the high image, reputation and credibility of the Company and its Projects, and shall engage in no activities which may reflect adversely on the Company or its Projects.
- Agent / Dealer and/or its representatives shall use best efforts to market and promote the Projects of the Company and sell property unit to the general public in a diligent and lawful manner.
- Agent / Dealer and/or its representatives shall not engage in any unfair trade practices with respect to the Company or its Projects, and shall make no false or misleading representations with respect to the Company or its Projects.
- Agent / Dealer shall use the name, title and logo/ signage of the Company in connection with the Projects as a bare license thereof; the intellectual property of the Company shall only be used by the Agent / Dealer for the sole purposes of advertising and promoting the Projects of the Company.
- Agent / Dealer and/ or its sub agents shall not in any way depict or imply that the name, title and logo/ signage of the Company or the Projects is the intellectual property of the Agent / Dealer. Any misuse of the Company’s intellectual property by the Agent / Dealer and/ or its sub-agent will result in contract termination and legal action.
- Agent / Dealer and/or its representatives shall not have any right or authority to assume, create and/or undertake any duty, obligation, liability or responsibility of any kind or nature whatsoever, on behalf of, in the name of, or otherwise binding on the Company.
- Agent / Dealer and/or its representatives shall comply with all applicable laws, rules and regulations that may be applicable in the performanceof their duties and responsibilities under this Contract.
- All payments received by the Agent / Dealer from the general public against sale of property unit (s) shall be paid to the Company by way of pay order/ bank drafts (no cash payment will be accepted). The Company will accordingly issue receipt of the payment/ funds received to the Agent / Dealer.
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Agent / Dealer is entitled to receive commission in respect of each property unit sold by him / her in projects developed by “CG Holdings Pvt. Ltd.” (the “Company”), which commission shall be paid out/ released by the Company to the Agent / Dealer no later than 30 days after receipt of complete down payment and 1st installment from the buyer. The agreed incentive/ commission shall vary on project to project basis. The Company shall further withhold all applicable taxes on commission payment as follows;
Payee Entity Payee Status Tax Amount Individual Filer 12% Individual Non-filer 24% Company Filer 12% Company Non-Filer 24% - Agent / Dealer shall indemnify/ hold the Company harmless of any legal costs or judgments that may incur from the negligence of the Agent / Dealer or any employees/ representatives related directly or indirectly to the Agent / Dealer.
- Company is free to conduct market inquiries and/ or gather information from its own or third-party sources with respect to each Agent / Dealer before engaging into a formal contract with the Agent / Dealer.
- Company reserves all the rights with respect to selection of Agent / Dealer during the selection period.
- This Contract shall commence on the date of signing and will terminate at the end of one year period from the date of signing of this contract.
- Company reserves all the rights to engage or disengage with any Agent / Dealer during selection period and even during formal engagement, by issuing written notice, to be effective on prompt basis.
- This Contract is at will and may be modified or terminated by the Company, without cause or upon breach, by giving written notice to the Agent / Dealer.
- This Contract shall become effective upon signature by authorized representative of the Company and Agent / Dealer and will remain in effect until the same is modified or terminated by written notice.