In the event of Redington India Ltd.,(RIL) accepting and registering the dealer Registration Form and upon appointment as Dealer, following terms and condition in addition to RIL's standard terms and condition shall be applicable to dealer.
Appointment of a Dealer Shall be at the sole discretion of RIL on non-exclusive basis and area of operation shall be within India.
Dealer shall purchase the goods at such price as may be negotiated and agreed between RIL and the Dealer from the time to time. All price quoted by RIL shall be excusive of Sales Tax, Octroi or any cess Statutory levies, unless stated otherwise.
All order placed by a Dealer shall be subject to acceptance by RIL. If an order is accepted, RIL shall make best efforts to execute the orders as per the terms of P.O. subject to availability of adequate stock. However under special circumstances orders may be cancelled by mutual consent. (For e.g. Non availability of stocks, withdrawal or discontinuation of model by a manufacture etc.)
Terms and mode of payment shall be as may be mutually agreed upon between RIL and Dealer from time to time.
So long as the purchase price of the goods has been duly paid to RIL, the Dealer shall be owner of the goods received by him. However RIL shall have general lein on all the goods of a Dealer from the time being in the possession of RIL (including the goods already paid for but of which delivery may not have undertaken by a Dealer) for any amount due to RIL. The owner ship of the goods and the risk associated with goods shall be deemed to have passed to a Dealer as soon as a Dealer or his authorized representatives takes the delivery of the goods at RIL's warehouse. RIL: shall not be responsible for any loss or damaged caused to the goods once a dealer takes the delivery at RIL's warehouse.
The price quoted to a Dealer in specific and any other information divulged to a Dealer in general shall be deemed to be confidential information and dealer shall maintain the confidentially of such price and other information.
The Dealership arrangement shall be in force from the date of appointment till such time the arrangement is terminated by RIL, RIL may terminate this arrangement at its sole discretion with out assigning any reason and by giving one week advance notice writing to a Dealer.
All the amount payable by either party prior to or as of the effective date of the termination shall become immediately due and payable. RIL shall not be bound to execute the pending purchase orders of a Dealer regardless of acceptance of the same by RIL prior to the date of termination.
The relationship between RIL and a Dealer shall be that of seller and buyer and not that of principal and agent
All sales of the goods to a Dealer shall be subject to terms and conditions set forth in this registration form and in RIL's standard terms and conditions applicable thereto.
RIL shall have right to inspect the books of accounts of Dealer during the normal working hours with out prior notice.
In the event of a Dealer bouncing the cheque, Dealer shall pay the amount due towards the bounced cheque together with panel charges of 2% up front on the cheque value by means Demand Draft with in 2 working days of receipt of information form RIL.
Non receipt of order acceptance from RIL or non-acknowledgment of RIL's Invoice by a Dealer shall not be a ground for a Dealer to withhold the payment due to RIL.
Dealer shall submit its Audited financial statements (P&L A/c Balance Sheet with Schedules) to RIL each financial year within 4 weeks of finalization of the Dealers Accounts.
In the event of a Dealer failing to pay up the amounts due to RIL, RIL shall enter the premises of the Dealer, seize and take away the goods sell or cause to be sold the same and appropriate such sale proceeds toward any and all amount owned by a Dealer to RIL.
Disputes which cannot be settled amicably will be governed by the laws of India and the parties hereby submit to the exclusive jurisdiction of the Chennai Courts.