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TERMS AND CONDITIONS OF SALE

TERMS AND CONDITIONS OF SALE

 

1. DEFINITIONS

 

- "Agent" or "Reseller" refers to the individual or entity appointed by the Company to promote and sell its Products.

- "Company" refers to Alkmi the manufacturer and supplier of CBD products.

- "Products" refer to the CBD products supplied by the Company to the Agent or Reseller.

- "Territory" refers to the geographic area assigned to the Agent or Reseller for the sale of Products.

 

2. APPOINTMENT AND TERM

 

- The Company appoints the Agent or Reseller to promote and sell its Products in the Territory on a non-exclusive basis.

- The term of this agreement is twelve months/years, renewable upon mutual agreement.

 

3. OBLIGATIONS

 

- The Agent or Reseller agrees to:

    - Promote and sell the Products in the Territory.

    - Meet minimum sales targets.

    - Comply with all applicable laws and regulations.

    - Not engage in any activity that may harm the Company's reputation or Products.

 

- The Company agrees to:

    - Supply Products to the Agent or Reseller at agreed-upon prices.

    - Provide marketing materials and support.

    - Handle all customer complaints and returns.

 

4. PRICING AND PAYMENT

 

- The Agent or Reseller agrees to purchase Products at the prices specified in the Company's price list or as otherwise agreed upon.

- Payment terms are 14 days from invoice date.

 

5. WARRANTY AND LIABILITY

 

- The Company warrants that its Products comply with applicable laws and regulations.

- The Agent or Reseller agrees to hold the Company harmless for any claims, damages, or expenses arising from the sale of Products.

 

6. TERMINATION

 

- Either party may terminate this agreement upon 30 days' written notice to the other party.

- Upon termination, the Agent or Reseller agrees to return all Company property, including marketing materials and unsold Products

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