COMMISSION AGENT / SALES AGENCY AGREEMENT
This Agreement is made at Chandigarh on 2 April 2026.
BETWEEN
Bedi Agro Tools Private Limited, of Plot 40, Focal Point, Ludhiana 141010, acting through Karanveer Bedi, Director (the "Principal");
AND
Jagjit Singh Grewal, of House No. 12, Model Town, Patiala 147001, PAN AKJPI4432R, GSTIN 03AKJPI4432R1Z9 (the "Agent").
- 1. APPOINTMENT
1.1 The Principal appoints the Agent, from 1 April 2026, to find customers and obtain orders for the following goods or services (the "Products"): The Principal's range of hand tools and sprayers, as listed in its current price list.
1.2 The Agent shall work in this area: The districts of Patiala, Sangrur and Fatehgarh Sahib in Punjab. The Agent is the only agent for these goods in the area, and the Principal shall not appoint another agent there during this Agreement.
1.3 The Agent is an independent agent, not an employee or partner of the Principal, chooses how to carry out the work and bears its own costs, including travel and staff, unless the Principal agrees in writing to meet a particular cost. The Agent is not entitled to salary, provident fund, ESI, gratuity or other employee benefit.
- 2. AUTHORITY OF THE AGENT
2.1 The Agent shall promote the Products, pass orders to the Principal, and give customers only the prices, terms, specifications and warranties in the Principal's current price list and written terms. The Agent has no authority to sign any contract for the Principal, to change a price or term, to collect money for the Principal, or to give any promise, discount or credit the Principal has not approved in writing.
2.2 Each order is an offer to the Principal. The Principal may accept or refuse any order, in whole or in part, for any good reason such as stock, credit risk or price, and shall tell the Agent of its decision within a reasonable time. The sale is a contract between the Principal and the customer, and the Principal alone invoices, delivers and collects payment.
2.3 The Agent shall act honestly, put the Principal's interest first in the work, tell the Principal promptly of any customer complaint, and not take on, during this Agreement, an agency for goods that directly compete with the Products in the area, without the Principal's written consent.
- 3. COMMISSION
3.1 The Principal shall pay the Agent commission of 3 per cent of the sale value, before GST, on each sale to a customer found by the Agent, once the Principal has been paid in full for that sale.
3.2 By the 10th day of each month the Principal shall send the Agent a written statement of the sales made and money received in the previous month for the Agent's customers, and pay the commission earned. The Agent may, on reasonable notice, inspect the Principal's records of those sales. If a sale is cancelled or goods are returned and the price refunded, the commission on it is reversed against the next payment.