23. The omission or delay of one of the parties to fulfill an obligation arising from this agreement solely on the basis of God`s actions, acts of government policy (other than intended). Wars, strikes, lockouts. Transportation accidents and/or any other cause outside the scope of the party are not considered to be contrary to this agreement. 6. All issued shares are paid in full and/or in kind to the company, but no additional action is issued without the prior consent of the parties. I did it. The parties must, in proportion to the number of shares held by each of them, in proportion to each new issue of the company`s shares, subject to the agreement of SEBI, if necessary. 2. Take all necessary measures to fully implement the provisions of this agreement, and perhaps the greatest element of the agreement is the timetable. If the manufacturer does not meet the agreed schedule, the distributor cannot provide promised products to its customers. Without agreement, there is virtually no protection against these scenarios.

Your business may actually be held responsible for manufacturer errors and the difficulties of your partner company can affect the domino to your own. (a) it will apply the provisions of this agreement in good faith and in the spirit in which it is carried out. > 1. After the implementation of this agreement, the parties receive a company in the name of M/s. …………………………… Ltd., (and what name is approved by the Registrar of Companies at…………………. ) with the Registrar referred to under the Indian Companies Act 1956, with respect to the memorandum and statutes in the form of projects approved by the parties and in accordance with the other requirements of that registration. B.

In the event that one of the parties violates one of the terms of this agreement, to the extent that it does. the other party requires the other party to correct this offence within ninety (90) days from the date of notification, and the party receiving such notification has failed to correct the offence, or 26. This agreement is binding on the parties and for their respective successors and beneficiaries, but any transfer of the agreement by one party is not effective without the written agreement of the other party, which was given and obtained in the first place. The definition of contractual terms should take into account all current or future sales contracts. For example, if your company has already entered into distribution agreements that provide orders are completed within a specified time frame, the agreement must allow for this provision. These provisions must also be taken into account when negotiating future distribution contracts. 29. The parties may receive amendments to the company`s by-law to bring them in line with the terms of this agreement. 19. This agreement will remain in force as long as both parties remain shareholders of the company in the manner mentioned above, unless it is denounced earlier, as stated below by written notification of part of the other partisan intention to terminate the agreement: the manufacturing and delivery contracts contain clauses specific to the transaction to which they were created.