This Agreement is made this (Dealer's Registered Date) (“the Effective Date”) between Weitizen: Dealership eCommerce Saas
(Company No.), a company incorporated under the laws of Malaysia with its registered address at
and (Dealer's name/Company Name), a company incorporated under the laws of Malaysia with its registered address at
(Dealer's Address). hereinafter referred to collectively as the “Parties” and individually as “Party”.
1. The payment to the said supply of stocks ordered shall be in cash term or internet banking transfer to the supplier’s bank account at least two (2) weeks after placing an order with the supplier;
2. The Distributor shall give one (1) month notice to place the order and payment terms are to be as per item (1) above stated;
3. It is hereby agreed that every Distributor must maintain a minimum stock purchase for evey batch half the amount each Distributor individually purchase. Failure to do so will render the ranking of the Distributor to drop one (1) level from the initial level.
IN WITNESS WHEREOF, this Agreement has been executed for and on behalf of both Parties by their duly and legally authorized officers as of the date first above written.
Vancellent,
Manager
