THIS DEED is made on …………[date]………….. BETWEEN MVT GLOBAL (M) SDN. BHD. (Company No. 1302800-V) a registered company incorporated in Malaysia and having a business address at ……………………………………………….. (hereinafter referred to as “the First Party”) of the first part AND ………. [Name and NRIC No.]……………of……………[Address]…………. (hereinafter referred to as “the Second Party”) of the other part.

WHEREAS the First Party represents to have all the requisite licences and/or permits to operate the business of selling ………[Products’ names]……….. (hereinafter referred to as “the said Products”) in the state of Sabah, Malaysia.

WHEREAS the Second Party is the authorized seller and/or agent appointed by the First Party to sell the said Products.

AND WHEREAS the First and Second Party are desirous of making this arrangement herein to avoid profiteering acts among the authorized sellers and/or agents; to prevent any discrepancies in relation to the prices of goods sold among the authorized sellers and/or agents; and to ensure that all goods are sold in compliance with the prescribed prices fixed by the First Party.

 

NOW THIS DEED WITNESSETH AS FOLLOWS:-

  1. Upon signing hereof, the Second Party undertakes to comply with the prescribed prices fixed by the First Party on the said Products and refrain from any profiteering act.

  2. The Second Party agrees that only authorized seller and/or agent is allowed to sell the said Products and that he/she is prohibited from delegating such act of selling to any unauthorized sellers.

  3. The Second Party agrees that all obligations herein are actionable and/or enforceable in Court.

  4. Any notice required by any of the provisions of this Deed to be given to the parties hereto may be delivered or sent by registered post to their respective addresses given above and notice so sent by post shall be deemed to have been delivered at the time when in the ordinary course of post it would have been so delivered.

  5. This Deed shall be binding on the respective successor and assigns of the parties hereto.

 

IN WITHNESS WHEREOF the parties have set their hands the day above written.