Agency Agreement
This Agreement (“the Agreement”) is made this [first day of June 2000], by and between X Inc.(“Agent”),a corporation duly incorporated under the laws of the Republic of Korea with its principal place of business at 159 Samsung-dong, Kangnam-ku, Seoul, Korea and [Y Co., Ltd.](“Company”),a corporation duly incorporated under the laws of [the state of New York, United States of America] with its principal place of business at [140, 5lst West, New York, N, Y.,U.S.A.].
WITNESSETH
WHEREAS, the Company wishes to market [electronic goods etc.](“the Products”) in the Republic of Korea (“the Territory”) and for such purpose enter into an agreement with the Agent；and
WHEREAS, the Agent is willing to market the Products in the Territory and render its services to the Company；
Now, THEREFORE, in consideration of the mutual premises herein contained, the Parties hereto agree as follow；
Article 1. Appointment
1.1 The Company hereby appoints the Agent and the Agent hereby accepts appointment as the Company's exclusive agent for the sale of the Products within the Territory on the terms and conditions set forth herein.
1.2 The Company shall not, itself directly or through third parties, sell, distribute or market the Products to the customers in the Territory (“the Customers”) or appoint other representatives, agents, distributors or the like with authority to sell or lease the Products to the Customers and the Company shall exert its best efforts and take all necessary legal actions to cause its other distributors, agent, representative or the like not to sell, distribute or lease, directly or through third parties, the Products to the Customers.
Article 2. Agent's Duties and Responsibilities
2.1 The Agent shall explore, develop and promote the sale of the Products and shall make good faith efforts to increase the sales of the Products within the Territory. To achieve such purposes, the Agent will keep the Company informed of the status of the sales progress, make recommendations and suggestions to the Company and assist and cooperate with the Company.
Article 3. Company's Duties and Responsibilities
3.1 The company shall use its best efforts to assist and cooperate with the Agent in developing and promoting the sale of Products in the Territory. The Company shall, |
2008.04.03
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