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WHEREAS the undersigned wish to enter into this Agreement to define certain
parameters of the future legal obligations, are bound by a duty of
Confidentiality with respect to their sources and contacts. This duty is in
accordance with the International Chamber of Commerce.
WHEREAS the undersigned desire to enter a working business relationship to
the mutual and common benefit of the parties hereto, including their
affiliates, subsidiaries, stockholders, partners, co-ventures, trading
partners, and other associated organizations (hereinafter referred to as
“Affiliates”).
NOW THEREFORE in consideration of the mutual promises, assertions and
covenants herein and other good and valuable considerations, the receipts of
which is acknowledged hereby, the parties hereby agree as follows:
1. TERMS AND CONDITIONS
- The parties will not in any manner solicit, nor accept any
business in any manner from sources or their affiliates, which sources
were made available through this agreement, without the express permission
of the party who made available the source and,
-
The parties will maintain complete confidentiality regarding
each other business sources and/or their Affiliates and will disclose such
business sources only to the named parties pursuant to the express written
permission of this party who made available the source, and,
-
That they will not in any of the transactions the parties are
desirous of entering into and do, to the best of their abilities assure
the other that the transaction codes established will not be affected.
-
That they will not disclose names, addresses, e-mail address,
telephone and tele-fax or telex numbers to any contacts by either party to
third parties and that they each recognize such contracts as the exclusive
property of the respective parties and they will not enter into any direct
negotiations or transactions with such contracts revealed by the other
party and
-
That they further undertake not to enter into business
transaction with banks, investors, sources of funds or other bodies, the
names of which have been provided by one of the
-
Parties to this agreement, unless written permission has been
obtained from the other party (ies) to do so. For the sale of this
agreement, it does not matter whether information obtained from a natural
or a legal person. The parties also undertake not to make use of a third
party to circumvent this clause.
-
That in the event of circumvention of this Agreement by
either party, directly or indirectly, the circumvented party shall be
entitled to a legal monetary penalty equal to the maximum service it
should realize from such a transaction plus any and all expenses,
including but not limited to all legal costs and expenses incurred to
recover the lost revenue.
-
All considerations, benefits, bonuses, participation fees
and/or commissions received as a result of the contributions of the
parties in the Agreement, relating to any and all transactions will be
allocated as mutually agreed.
-
This Agreement is valid for any and all transaction between
the parties herein and shall be governed by the enforceable law in All
Commonwealth Country’s, European Union Country’s, Canadian courts, Indian
courts, Singapore courts, Russian courts, USA Courts, or under Swiss
Law in Zurich, in the event of dispute, the arbitration laws of states
will apply.
-
The signing parties hereby accept such selected jurisdiction
as the exclusive venue. The duration of the Agreement shall perpetuate for
five (5) years from last date of signing.
2. AGREEMENT TO TERMS
-
Signatures on this Agreement received by the way of
Facsimile, Mail and/or E-mail shall be an executed contract. Agreement
enforceable and admissible for all purposes as may be necessary under the
terms of the Agreement.
-
All signatories hereto acknowledge that they have read the
foregoing Agreement and by their initials and signature that they have
full and complete authority to execute the document for and in the name of
the party for which they have given their signature.
3. ACCEPTED AND AGREED WITHOUT CHANGE
# Electronic signature is valid and accepted as hand signature
Printed Name :
Company
Address :
E-mail :
Passport No
Designation :
Date & Time :
Sign / Seal : |
Printed Name :
Company :
Address :
E-mail :
Passport No.:
Designation :
Date & Time:
Sign/Seal: |
Printed Name :
Company :
Address :
e-mail :
Passport No.:
Designation :
Date & Time :
Sign / Seal : |
Printed Name :
Company :
Address :
e-mail :
Passport No.:
Designation :
Date & Time :
Sign / Seal : |
Printed Name :
Company :
Address :
e-mail :
Passport No.:
Designation :
Date & Time :
Sign / Seal : |
Printed Name :
Company :
Address :
e-mail :
Passport No.:
Designation :
Date & Time :
Sign / Seal : |
EDT ( Electronic document transmissions )
EDT (Electronic document transmissions) shall be deemed
valid and enforceable in respect of any provisions of this Contract. As
applicable, this agreement shall be:-
1- Incorporate U.S. Public Law 106-229, ‘‘Electronic
Signatures in Global and National Commerce Act’’ or such other applicable
law conforming to the UNCITRAL Model Law on Electronic Signatures (2001) and
2- ELECTRONIC COMMERCE AGREEMENT (ECE/TRADE/257, Geneva, May
2000) adopted by the United Nations Centre for Trade Facilitation and
Electronic Business (UN/CEFACT).
3- EDT documents shall be subject to European Community
Directive No. 95/46/EEC, as applicable. Either Party may request hard
copy of any document that has been previously transmitted by electronic
means provided however, that any such request shall in no manner delay the
parties from performing their respective obligations and duties under EDT
instruments.
Irrevocable Master Fee Protection Agreement
| CONTRACT NO |
|
| COMMODITY |
|
| ORIGIN |
|
| CONTRACT QTY |
????? Metric Tons /monthx12 months |
| CONTRACT PERIOD |
??? months |
| TERM |
|
| SELLER’S NAME |
|
| REPRESENTED BY |
|
| BUYER’S NAME |
|
| REPRESENTED BY |
|
We the undersigned herewith referred as the seller, under penalty of
perjury do hereby irrevocably confirm and irrevocably accept to pay all
intermediaries and fee holders at the same time and in a manner as the
seller is being paid for each and every transaction of this contract up to
the completion of the contract plus rollovers and extensions and in
accordance with the bank details to be specified in the hard copies of this
contract.
We, the SELLER, irrevocably confirm that we will order and direct our
bank to endorse automatic payment orders to the beneficiaries named below;
furthermore, we, the SELLER, confirm that all pay orders shall
automatically transfer funds as directed into each beneficiaries designated
bank account within 1 (one) day after the date of closing
and completion of each and every shipment of the product during the contract
term plus any/or extensions and rollover of the specified contract.
For the purpose of clarity, we confirm that the closing and completion of
each and every shipment shall be deemed to take place when the letter of
credit issued by the buyer has been drawn down at the counters of the
issuing bank.
We, the SELLER, agrees to provide all beneficiaries with
written evidence of the pay orders lodged with our bank together with
acknowledgements of their acceptance. Furthermore, our bank shall be
instructed to provide duly signed and stamped acknowledgement of this
instruction as set out in the annex. Forming part of this agreement. It is
understood that for the purposes of this Master Fee Protection Agreement,
our bank shall be the same bank and this MFPA acts as an integral part of
it.
We the undersigned being seller or the seller’s named legally
authorized representative as stated within the signed and legally binding
main transaction, contract unconditionally agree and undertake to approve
and originate all payments in USD currency to all beneficiaries named
below as their rightful and payable commissions. This agreement also acts as
a record confirming the commission amounts for each named beneficiary as set
out below :-
TOTAL COMMISSION SHALL BE PAID BY THE SELLER AS FOLLOWS:-
The amount of USD _______ per METRIC TONS of used rail
delivered should be settled as herein stated to be transferred into the
accounts of the facilitators listed in this contract.
TERM & CONDITIONS
Only after the related contract is signed and BUYER issues L/C, this FPA
will become legally valid and be endorsed by SELLER’s bank.
This master fee protection agreement covers the initial contract and shall
include any renewals, extensions, rollovers, additions or any new or
transfer contract any how originated from this transaction because of the
above intermediaries or changing codes of the initial contract entered into
between the buyer and seller.
This master fee protection agreement and any subsequently issued pay orders
shall be assignable, transferable and divisible and shall not be amended
without the express written and notarized consent of the receiving
beneficiary. All parties agree neither to circumvent nor to attempt
circumvent either for the transaction of this current contract or in the
future for a period of five (5) years from the date of the execution of this
fee protection agreement. This document binds all parties, their employees,
associates, transferees and assignees or designees.
All faxed and/or e-mailed signatures shall be considered as original
signatures for the purpose of binding all parties to this agreement. This
document may be signed and in any number of counterparts all of which shall
be taken together and shall constitute as being one and the same instrument.
Any party may enter into this document and the agreement constituted thereby
by signing any counterpart any time, date or period mentioned in any
provision of this document shall only be amended by agreement in writing and
signed off by all parties concerned.
Furthermore, we agree that any and all commissions due shall be paid to the
beneficiary as a result of any extension or rolls of the contract and that
we shall effect all necessary documentation with our bank without any undue
delays to ensure such commissions and paid within the terms of the
agreement.
PARTIAL INVALIDITY:
The illegality, invalidity and non-enforceable provision of this document
under the laws of any jurisdiction shall not affect its illegality, validity
or enforceability under the law of any other jurisdiction or provision.
GOVERNING LAW AND JURISDICTION:
This document shall be governed and construed in accordance with current
English or I.C.C 400/500/600 signed between partners NCND laws.
ARBITRATION:
All parties agree to refer any disputes between the parties arising out of
or in connection with this agreement including any questions regarding its
existence, validity or termination to arbitration rules of the international
arbitration centre (I.A.C). The appointed arbitrator shall hold the
proceedings in any country chosen by the parties and the rules of the IAC
shall apply.
This document is signed and accepted by parties named below as to be
included in the main contract.
Acceptance by :-
|
PARTICULAR’S |
SELLER |
|
Company Name |
|
|
Represented by |
|
|
Title |
|
|
Passport No |
|
|
Nationality |
|
|
Signature |
|
|
Bank
Name |
|
|
Bank
Address |
|
|
Account No. |
|
|
Account Name |
|
|
SWIFT |
|
|
Bank Officer |
|
|
Bank Telephone /Fax |
|
# Facilitators #
TOTAL COMMISSION FOR facilitator Group #1 : USD3.00 PER METRIC TONS
FACILITATOR GROUP 1.0
# Total Amount (USD
0.0 ) per metric ton
|
Beneficiary Name |
|
|
Bank Name |
|
|
Bank Address |
|
|
Account No. |
|
|
Swift code |
|
|
Account Name |
|
|
Bank Officer |
|
|
Bank Telephone /Fax |
|
FACILITATOR GROUP N0
#1 Total Amount (
USD0.0
) per metric ton
|
Beneficiary Name |
|
|
Bank Name |
|
|
Bank Address |
|
|
Account No. |
|
|
Account Name |
|
|
SWIFT
–Link Bank |
|
|
Bank Officer |
|
|
Bank Telephone /Fax |
|
FACILITATOR GROUP 2.0
# Total Amount ( USD
0.00 ) per metric ton
|
Beneficiary Name |
|
|
Bank Name |
|
|
Bank Address |
|
|
Account No. |
|
|
Account Name |
|
|
SWIFT |
|
|
Bank Officer |
|
|
Bank Telephone /Fax |
|
FACILITATOR GROUP 3.0
# Total Amount ( USD
0.00 ) per metric tons
|
Beneficiary Name |
|
|
Bank Name |
|
|
Bank Address |
|
|
Account No. |
|
|
Account Name |
|
|
SWIFT |
|
|
Bank Officer |
|
|
Bank Telephone /Fax |
|
ALL BANK CHARGES SHOULD BE BORNE BY ACCOUNT BENEFICIARY
BANK ENDORSEMENT
This irrevocable payment order has been lodged with us and will be executed
as per instructions above.
______________________________
Bank Officer Name:
Title:
Pin Number:
Bank Name:
Bank Address:
Phone & Fax: ............................................
/......................................................
Email:
Web Site:
NOTARY PUBLIC
ON THIS DAY OF................200?.
BEFORE ME, THE UNDERSIGNED NOTARY PUBLIC, PERSONALLY APPEARED.............................
................................, TO ME KNOWN TO BE THE INDIVIDUAL
DESCRIBED IN AND WHO EXECUTED THE FOREGOING INSTRUMENT, AND ACKNOWLEDGED
THAT HE EXECUTED THE SAME AS HIS FREE ACT AND DEED
MY COMMISSION EXPIRES:
NOTARY PUBLIC
CONTACT DETAILS:
CONTACT DETAILS:
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