Common use of AGENT AGREES Clause in Contracts

AGENT AGREES. The Agent agrees to distribute the Company’s products in the Territory in accordance with the following obligations: (a) To provide the Company with a six (6) month forecast of their projected product needs. (b) To maintain sufficient Nauticon inventory in stock to satisfy the market’s projected demand. (c) To provide the company with changing marketing information so it can adjust to new market conditions & requirements. (d) To perform in accordance with all terms & conditions of this Agreement, including: i. Issuing appropriate letters of credit in a timely manner. ii. Issuing purchase orders with the proper lead-time (e) To obtain and pay all costs associated with, and be in possession of all official approvals, licenses, registrations, and permits for the effective operation of its business and its performance under this Agreement. (f) To conduct the Agent’s business in an efficient, responsible and ethical manner so as to enhance & support the reputation and goodwill of the Products in the Territory. (g) To refrain from manufacturing and selling any or part of all products which are, in the Company’s judgment, directly competitive with the Company’s Products. (h) To work with design and spec engineering, architect firms, and owners. (i) To be actively involved in commissioning all projects involving Power Cold products they have sold and or installed. (j) To provide scheduled maintenance and warranty service for all products sold and or installed by the Agent.