Distributorship Agreement
DISTRIBUTORSHIP AGREEMENT
This Distributorship Agreement is made and entered into by and between Greenfoot Global CORPORATION, a U.S. corporation incorporated under the laws of the State of Wisconsin, U.S.A., having its principal place of business at 405 East Forest Street/Suite: 15, Oconomowoc, Wisconsin, U.S.A., (hereinafter referred to as "Company") and Greenfoot RUS Limited Liability Company, a company registered under the laws of the Russian Federation, having its principal place of business at Krasnoputilovskaya st. 69, St. Petersburg, the Russian Federation (hereinafter referred to as "Distributor").
Appointment of Distributor.
Subject to the terms and conditions set forth in this Agreement and the payment of a non-refundable $10,000.00 (USD) distributorship fee by Distributor, Company hereby appoints Distributor as an exclusive distributor in the Russian Federation (the "Territory") to distribute and sell merchandise under the name ‘EnviroTabs’ purchased from the Company in the Territory only.
Term and Termination. The initial term of this Agreement shall commence on the date set forth below and shall continue for a period of twelve (12) months thereafter (the "Initial Term"). Upon the expiration of the Initial Term, this Agreement shall continue on a month to month basis. Either party may terminate this Agreement at any time for any reason upon thirty (30) days written notice to the other. Company reserves the right to terminate this Agreement at any time: (i) upon three (3) days advance written notice in the event that any payment owing to Company for merchandise or services supplied to Distributor is not received within fifteen (15) days after the date on which such payment is due; and (ii) immediately upon written notice of termination by Company in the event that Distributor is in breach of any provision hereof and fails to cure such breach following written notice of breach by Company and a reasonable period to cure such breach, which need
This Distributorship Agreement is made and entered into by and between Greenfoot Global CORPORATION, a U.S. corporation incorporated under the laws of the State of Wisconsin, U.S.A., having its principal place of business at 405 East Forest Street/Suite: 15, Oconomowoc, Wisconsin, U.S.A., (hereinafter referred to as "Company") and Greenfoot RUS Limited Liability Company, a company registered under the laws of the Russian Federation, having its principal place of business at Krasnoputilovskaya st. 69, St. Petersburg, the Russian Federation (hereinafter referred to as "Distributor").
Appointment of Distributor.
Subject to the terms and conditions set forth in this Agreement and the payment of a non-refundable $10,000.00 (USD) distributorship fee by Distributor, Company hereby appoints Distributor as an exclusive distributor in the Russian Federation (the "Territory") to distribute and sell merchandise under the name ‘EnviroTabs’ purchased from the Company in the Territory only.
Term and Termination. The initial term of this Agreement shall commence on the date set forth below and shall continue for a period of twelve (12) months thereafter (the "Initial Term"). Upon the expiration of the Initial Term, this Agreement shall continue on a month to month basis. Either party may terminate this Agreement at any time for any reason upon thirty (30) days written notice to the other. Company reserves the right to terminate this Agreement at any time: (i) upon three (3) days advance written notice in the event that any payment owing to Company for merchandise or services supplied to Distributor is not received within fifteen (15) days after the date on which such payment is due; and (ii) immediately upon written notice of termination by Company in the event that Distributor is in breach of any provision hereof and fails to cure such breach following written notice of breach by Company and a reasonable period to cure such breach, which need