These Terms and Conditions outline the obligations and requirements for individuals or entities entering into a distribution agreement with Nalla Brand™. By applying to become a distributor, you agree to the following terms:
1. Appointment as Distributor
Nalla Brand™ appoints the distributor on a non-exclusive basis to promote and distribute its products within the specified territory.
2. Caution Deposit
- A refundable caution deposit of ₹5,00,000/-(Rupees Five Lakhs only) is required upon approval of the distributorship.
- This deposit will serve as security for the distributor’s compliance with these terms.
- The deposit will be refunded upon termination of the agreement, provided there are no outstanding dues or breaches of the terms.
3. Minimum Stock Maintenance
- Distributors are required to maintain a minimum stock level of [1 units or ₹10,00,000/- at all times to ensure consistent product availability.
- Failure to maintain the required stock level may result in suspension of the distributorship.
4. Order Placement and Fulfillment
- Orders must be placed in accordance with the minimum order quantity (MOQ) specified by Nalla Brand™.
- Nalla Brand™ will make reasonable efforts to fulfill orders promptly, subject to product availability.
5. Payment Terms
- Payments must be made in advance or as agreed upon in writing.
- Late payments may result in penalties and could impact the distributor’s ability to place future orders.
6. Marketing and Promotion
- Nalla Brand™ will provide marketing materials and promotional support.
- Distributors are encouraged to actively promote Nalla Brand™ products in their assigned territories.
7. Territory
- Distributors may operate in the territory assigned by Nalla Brand™. Expansion beyond the assigned territory requires prior approval.
8. Termination of Agreement
- Either party may terminate this agreement with a 30-day written notice.
- Nalla Brand™ reserves the right to terminate the distributorship immediately in case of non-compliance, fraudulent activities, or failure to meet stock and payment requirements.
9. Confidentiality
Distributors must keep all Nalla Brand™ business information, including pricing, marketing strategies, and customer data, strictly confidential.
10. Limitation of Liability
Nalla Brand™ shall not be held liable for any indirect, incidental, or consequential damages arising from the distributor’s operations.
11. Governing Law
This agreement is governed by the laws of India, and any disputes will be subject to the jurisdiction of the courts in Bangalore, Karnataka State.
Acknowledgment:
By signing this agreement, you confirm that you have read, understood, and agree to abide by the above terms and conditions.
Distributor Signature: _______________
Date: ___
Authorized Nalla Brand Representative: _________
Date: ___