ETD
Contract №0024/2003
Index
Contract purpose. Obligations.
Certain time periods and Agent commission percentage.
Force-Majeur (unforeseen situations).
Troubleshooting, resolving conflict situations and argues.
Business taxation.
Contract activation.
Parties signatures.
Contract purpose. Obligations.
Contract
purpose. This Contract indicates installation and regulation of
financial relations between ‘Electro - Technical Developments’ (ETD),
Russia, hereinafter Company and undersigned
_________________________________________________________________,
hereinafter Agent.
Company selects
and authorizes Agent to act on Company behalf and take part in business
transactions being a local Company representative in United States.
1. According to this Contract, Agent is obliged to:
1.1. Accept funds transferred in a result of sale
conducted by Company in a form of cashier’s check, money order or
Paypal system transaction.
1.2. Further cashing:
1.2.1. If Agent receives the funds into his Paypal
account he needs to transfer them to the bank account to get the cash.
1.2.2. If funds are received as a check or money
order, Agent will need to deposit this check to his bank account or
cash money order.
1.3. Prepare and send money to Company using one of
the following options:
1.3.1. International wire transfer.
1.3.2. Western Union, Moneygram or alike.
1.3.3. Any other mutually agreed and confirmed way of
transfer.
1.4. Amount of money to be sent is calculated as an
incoming transfer value minus Paypal commission, Agent commission and
commission of all third-party systems that are used to send this
transfer to Company. Currency is USD (US Dollar).
1.5. Provide Company with all relevant and in-time
information on all the operations described in topic 1.2-1.3, also
Company may require Agent to attach Western Union receipts and/or other
proof/confirmation that transfer has actually been processed.
1.5.1. After Agent initiates the transfer, Company
requires Agent to provide the following information reported by Agent:
sender’s full name, sender’s city and state, amount sent, size of fee
that was paid to initiate the transfer with the certain third-party
organization. Other requirements may be added.
1.6. Control and double check accuracy of fulfilling
topics 1.2.-1.5.
1.7. Follow the obligations in certain time periods,
described in topic II.
1.8. Never do anything related to mutual business on
Agent behalf without Company confirmation and approval.
1.9. Never reveal Company commercial secret and
‘know-how’ of this enterprise to third parties without Company
consent.
1.10. Keep Agent’s Paypal account in a good and work
standing: account status is VERIFIED and PREMIER. Non-following of this
may seriously delay reviewing Agent’s information until measures are
done to verify and upgrade the account.
1.11. Agent must provide true and accurate
information ONLY, which may be subject to further verification.
2. Company is obliged to:
2.1. According to certain time periods
described in topic II notify Agent about the concluded deal and Company
sale(s).
2.2. Provide current and on-time Company
payment and contact information.
2.3. If for some reason information is changed,
Company notifies Agent about such change providing up-to-date details.
2.4. Cover the fees to transfer the funds using
third-party payment systems.
2.5. Pay Agent a reward for his services in
time and as described in topic II.
2.6. Control the whole enterprise in general
using Internet, phone and other appropriate means.
2.7. Ship the goods to buyer BEFORE they pay.
2.8. AFTER goods have been shipped, Company
will require Agent to transfer money to Company accounts.
3. Company reserves the right to verify the
information provided by Agent for accuracy and truth, also with help of
Company Security Division.
3.1. Under no condition Company will reveal
Agent’s private information to third parties without his consent,
excluding situations with police or other law enforcement organization
with certain valid permission.
4. Company reserves the right to edit and place
corrections to this Contract which will be in effect in 10 business
days after such edition made and Agent accepts and agrees to follow it.
Certain time periods (in business days) and Agent commission percentage.
1. Company informs Agent regarding the conducted deal
right after it has happened and goods are shipped, or notifies Agent
about exact date of sale and goods shipment, this is done 5-10 days
before the deal takes place.
2. To transfer the funds from Paypal account to his
bank account Agent takes 2-5 business days.
3. To deposit cashier’s check Agent takes 1-4 days
depending on bank conditions.
4. To cash money order Agent takes 1 business day.
5. After Agent receives the funds:
5.1. To prepare and send an international wire
transfer Agent takes 1-2 business days.
5.2. To send the funds by Western Union, Moneygram or
alike – 1-2 business days.
5.3. Exact transfer date may also be mutually
confirmed and scheduled separately.
6. Agent commission is 10% of cashed amount in hand
(after Paypal commission).
7. Amounts of sales may vary in range of $3,000 ...
$15,000 depending on sale volume and level of demand.
Force-Majeur (unforeseen situations).
If the Contract time schedule is broken for some reason, Agent
and Company must inform each other in time, exactly:
1.1. Inform of sudden business/family trip 3 days
before it takes place.
1.2. If it is impossible to initiate the transfer for
some reason, Agent has to immediately contact Company.
Troubleshooting, resolving conflict situations and argues.
1. Solved mutually after discussing and taking
appropriate measures.
2. If parties can not achieve positive
decisions, argues are solved by Civil Court according to local and
international laws and regulations.
3. Company reserves the right to cancel this Contract
in case of Agent’s non-following or inaccurate following its topics.
Business Taxation.
All the taxes incurring are paid in full by Company. Agent
has no obligation to pay any taxes, including but not limited to state
sales taxes, or U.S. federal income taxes that are applicable to
related business sales conducted by Company. Agent will receive
confirmation from Company when such tax of any type is paid by Company.
Contract activation.
This Contract becomes active immediately after Agent signs
it. Contract is valid and current within 180 days starting from
signature day (Subject to change if mandatory). When the Contract
expires, parties may sign it again. Contract may be terminated by any
party at any time but with a 2 weeks prior notification.
Parties signatures.
Company CEO Eduard Alekseev authorized signature:
____________________________________________________________________________
Please check and sign below (all fields are required):
My name is: __________________________________________
My birthdate is (MM/DD/YYYY): ___________________________
My email address is: ____________________________________
□ I understand the terms and agree to follow topics of this Contract
Agent signature:
______________________________________________________________________
Date _______________________
