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