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    Notice of Termination of Agency

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    Anonymous xAvEmBKzE
    This document provides notice of termination of an agency agreement. The agent had been acting as a marketing agent for the company in a certain zone since a specified date according to an agreement. The agent failed to comply with terms of the agreement, including failing to meet sales targets for several months. As a result, the notice informs the agent that the agreement is being terminated effective immediately. The agent is also instructed to return company properties within a specified number of days, or legal action will be taken.

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    © All Rights Reserved
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    Notice of Termination of Agency

    Uploaded by

    Anonymous xAvEmBKzE
    492 views2 pages
    This document provides notice of termination of an agency agreement. The agent had been acting as a marketing agent for the company in a certain zone since a specified date according to an agreement. The agent failed to comply with terms of the agreement, including failing to meet sales targets for several months. As a result, the notice informs the agent that the agreement is being terminated effective immediately. The agent is also instructed to return company properties within a specified number of days, or legal action will be taken.

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    This document provides notice of termination of an agency agreement. The agent had been acting as a marketing agent for the company in a certain zone since a specified date according to an agreement. The agent failed to comply with terms of the agreement, including failing to meet sales targets for several months. As a result, the notice informs the agent that the agreement is being terminated effective immediately. The agent is also instructed to return company properties within a specified number of days, or legal action will be taken.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    492 views2 pages

    Notice of Termination of Agency

    Uploaded by

    Anonymous xAvEmBKzE
    This document provides notice of termination of an agency agreement. The agent had been acting as a marketing agent for the company in a certain zone since a specified date according to an agreement. The agent failed to comply with terms of the agreement, including failing to meet sales targets for several months. As a result, the notice informs the agent that the agreement is being terminated effective immediately. The agent is also instructed to return company properties within a specified number of days, or legal action will be taken.

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    © All Rights Reserved
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    Notice of Termination of Agency

    Ref. No. ………… Date …...……

    REGD. POST WITH A/D.

    To
    (Name & Address of the Agent)

    Re: Notice of termination of the Agency


    Dear Sir,
    As you are well aware, you have been acting as one of the Marketing Agents
    for and on our behalf in the _______ zone since ____________.

    In fact, upon your express desire and you being agreed to the terms and
    conditions of the standard agreement for our all such category of Agents, we
    both entered into an Agreement dated ________, won the terms and
    conditions stated therein. You unequivocally agreed to abide by the terms and
    conditions of the said Agreement and accordingly started business with us.

    As per the said Agreement you are bound to abide by certain terms and
    conditions as you agreed to keep the agency alive. Moreover, you are also
    aware of the consequences resulting from the non-compliance and/or non-
    observance of such terms and conditions by you, inter alia, the consequence as
    mentioned in the Clause No. ____ of the said Agreement.

    You have been requested and/or warned several times by us verbally as well
    as in writing, vide our last letter dated ____ having Reference No. _______,
    whereby you were directed to show cause within 15 days from the receipt
    thereof as to why your agency should not be terminated due to non-
    compliance and non-observance of certain rules and regulations clearly
    mentioned in the said show-cause notice.

    Despite receiving the said notice on _____ till date you have failed and/or
    neglected to reply thereto as well as to comply with the said terms and
    conditions, your non-compliance thereof tends to malign our business
    reputation as well as prejudicially hamper the interest of our Company.
    Furthermore you have failed to achieve the minimum sale-target
    consecutively for ________ months and as such committed gross
    breach/default in due performance and observance of the terms and
    conditions of the business transactions and/or the said agreement and
    violated the normal business ethics. Thus the interests of the Company has
    been seriously thwarted and the Company has suffered a huge loss and
    damage due to your acts and deeds.

    In the premises and as per the covenants of the said agreement, it is


    deemed fit and proper by and in the interest of the Company and accordingly
    as well as by invoking the aforesaid Clause No. _____of the said Agreement
    we do hereby give you notice that the aforesaid Agreement and/or the
    business contract between us stand determined and your Marketing agency is
    hereby terminated with effect from _________. After such termination, we
    shall not be responsible in any way for any of your activity in terms of the said
    Agreement whatsoever.

    You are also obliged to hand over the ……......….., which are the properties of
    the Company and you as a mere custodian holding the same in your
    possession on behalf of the Company. Please take further notice that you are
    hereby called upon to make arrangement to and hand over the said ………… to
    our authorized representative us within _____ days from the date of
    termination as aforesaid, failing which we shall be compelled and constrained
    to take such legal action against you as may be advised from time to time and
    you will be held liable for all the costs and consequences resulting therefrom.

    This notice is issued without prejudice to our other rights, claims and
    contentions in this matter.

    Yours truly,

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