Stockist definition
Examples of Stockist in a sentence
One such product is Mobisafar software providing solutions for accessing content for travel services and other related products and Mobisafar is desirous of appointing Stockist for sale, installation and training of Mobisafar software package to retailers and subsequently sale of various travel services and other services through the Mobisafar software.
The Stockist agrees to bear all the taxes, charges, and fees payable to any Government Authorities, Local Authorities or any other Authorities established under any other Act in respect of the Products and further agrees to reimburse and / or refund or to pay any taxes, charges, levies in the event of the said Authorities revises the taxes or charges or levies retrospectively, whether during the tenure of this Agreement or thereafter.
All the payments to the Mobisafar exclusive of tax shall be made by the Stockist in advance before the date of supply of the products, in respect of Products received.
If a payment deadline set by the Stockist, sent to the Depositor’s most recently specified address and including a notice of sale, expires without result, the Stockist may realise the respective goods at best price without further formalities (by private sale or, if the stock holds no material value, by disposal).
The Stockist is liable to the Depositor for the careful implementation of the assignment.