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Sales Agency Agreement
NO:
This Agreement is entered into between the parties concerned on …… 2004 in Beijing, China on the basis of equality and mutual benefit to promote and sell its' memberships on terms and conditions mutually agreed upon as follows:
1. Contracting Parties
Party A: Beijing BidLink Info-Tech Co., Ltd. (operator of )
Add: 4/F Ruibao Building, 18 Xinxi Road, Shangdi Information Industry Base, Haidian District, Beijing, 100085, P.R.C.
TEL: 0086-10-82781593 FAX: 0086-10-62965060
Party B: Donald LaBelle Associates (operator of ) Address: Donald LaBelle Associates, 290 Turnpike Road, Suite # 160, Westboro, MA 01581 TEL: (+001) 508-476-2465 FAX: (508) 519-3086
2. Appointment & Territory
Party A hereby appoints Party B to act as his agent to sell the memberships of in the world, and Party B accepts and assumes such appointment.
3. Responsibilities of Party A
a) Party A shall update, maintenance to ensure its normal operation, as well as the column co-built with Party B.
b) Party A remains the copyright for the information of . It is strictly prohibited for Party B to disclose or sell to the third part for business purpose.
c)Party A shall provide the Party B’s prospects with the needed code to access their 10-day
free trial to browse
d)Party A has the rights to recognize the prospect owning in accordance with the
date registered, if prospect register at different websites of agencies consigned by Party A.
d) Party A shall collect payment, when the prospect signs up via , and forward commission to Party B monthly.
e) Party A shall open account for the customers to view upon receiving payment from them.
4. Responsibilities of Party B
a) Party B shall build a column with a registration form on the homepage of his website.
b) Party B shall pre-qualify prospects interested in Party A’s services by having them fill out a registration form on Party B’ site to get a 10 day free trial.
c)Party B provides Party A with the prospects full contact information, including
ID with special identification (DON-).
d)Party B shall follow-up with the prospects by email, phone, fax, etc to close the deal.
d) Party B shall bear all expenses for advertising and publicity within the aforementioned territory in the duration of this Agreement and submit to Party A all articles, description, audio and video materials intended for advertising for prior approval.
e) In order to keep Party A well informed of the prevailing market conditions, Party B should undertake to supply Party A, at least once a quarter or at any time when necessary, with market reports concerning local market tendency and the customers’ comments on quality, quantity of information, service, etc.
f) Party B shall not sell, distribute or promote the sales of any information products competitive with or similar to in the above territory during the validity of this agreement.
5.Price & Commission
a)Party A has the right to set the price for annual membership and Party B is not
supposed to change it or sell the membership at neither higher nor lower prices. At
present the price is $980/per year/each member.
b)Party A shall give Party B 35% commission on the basis of the invoice value stated
in each statement of account.
6. Settlement & Payment
a)Party A shall fill in the Statement of Account attached to the agency agreement, and
send it by electronic mail to Party B for confirmation, when both parties settle accounts monthly.(In each monthly settlement)
b)Party B will print out the monthly statement of account upon receiving it, and send it
with signature of authorized representative to Party A by DHL.
c)Both parties shall confirm the items stated in the statement of account of each
settlement, and sign hereto.
d)Party A will forward commission to Party B by the way of telegraphic transfer,
all the handling charges of which both parties bear.
Party A shall pay to Party B $380 USD/each member for commission on the basis of the aggregate amount of the invoice value drew by Party A.
6. Payment
6. Validity of Agreement