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Letter
from Supplier on company letterhead
Date
Findstone
Internet Limited
Shreeniwas House, 2nd floor
H. Somani Road, Fort
Mumbai (Bombay) 400001
India
Attn: Mr. Vinay R. Somani,
Managing Director
Dear Sirs:
We confirm we will pay you
5% commission on invoice value on sales made to buyers introduced through
you. Commission will be paid
on a pro-rata basis as and when we receive payment. If payment is delayed
beyond one month, we shall pay 15% interest per annum. You and we can
mutually agree to different commission rates in special cases in writing.
At
the end of our financial year, i.e. 31st March, we will give you a certificate
from our auditor confirming the sales done by us or our associate companies
with each of the buyers and their associate companies introduced through
you.
Disputes
between us will be settled by arbitration at Mumbai. Disputes will be
restricted to commission amounts only and will not be for any damages,
losses, claims, etc. Non-payment of commissions for a period of 3 months
can be treated as a dispute. It is understood that dealings will be done
directly between us and the buyers and you shall not be liable in any
way.
Sincerely,
(signature)
(name)
(designation)
Please
print this on your letterhead after removing the items in blue. Then fax
it to us on 022-22035410 and then mail it along with your catalog and
business cards.
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