Recognition and Appointment Sample Clauses
The Recognition and Appointment clause formally acknowledges and designates a party or individual to a specific role or position under the agreement. Typically, this clause outlines the authority, responsibilities, and scope of the appointment, such as naming an agent, representative, or service provider, and may specify the effective date and duration of the appointment. Its core practical function is to ensure all parties are clear about who holds certain roles or powers within the contractual relationship, thereby preventing disputes over authority or representation.
Recognition and Appointment. Article 1 Party B is willing to distribute the “Silvan Touch” brand laminate flooring, multi-layer solid wood flooring, solid wood flooring and accessory series products manufactured by Party A, and has recognized and will voluntarily abide by Party A’s conditions and policies on distribution of products; while Party A, after the survey and assessment, hereby appoints Party B as the exclusive distributor of Silvan Touch products in Chonqqing City (territory: subject to the administrative division of the state). Article 2 Qualifications for Party B to become a distributor of Party A in the aforesaid territory:
1. Annual sales target of Party B agreed by both parties: RMB FIFTY MILLION (?:50,000,000.00)
2. Upon the execution of the Contract, Party B shall possess 16 subordinate distributors of Party A’s products at least within three months after the commencement of the distribution cooperation, and develop no less than 35 subordinate distributors of Party A’s products within six months; and the total number of Party B’s sales outlets in the same year shall be up to 60.
3. Subordinate distributors governed by Party B shall abide by relevant policies of Party A on product distribution, and carry out unified store image building under relevant cost support and terminal image logo requirements of Party A, as well as conduct the market information feedback with Party A, and implement standard distribution and after-sale service in light of Party A’s training.
4. Party B shall pay RMB FIFTY THOUSAND ONLY (?:50,000.00) to Party A as the brand maintenance fee within seven working days after the execution of the Contract.
Recognition and Appointment. Refuse to appoint any Partner or refuse to recognize a Partner of Record letter from anyone for any reason.
Recognition and Appointment. Refuse to appoint any Agent or refuse to recognize an Agent of Record letter from anyone for any reason.