shortly I am going to a contract with a Indian Company for C&F agent in EASTERN REGION .
what should be the terms & Conditions from my side .
Kumar Doab (FIN) 21 May 2015
Usually the company shall send you the agreement. Take it your lawyer dealing in civil matters /well versed with Indian Contract Act and negotiate the T&C to suit your interest.
The company may ask to deposit security/bank guarantee.............although the stock is company's property.
Ensure the stock is insured on FOR basis by the company and you are not responsible for payments.
You may be given POA to file various formalities on behalf of company.
You would need lawyer(s) to support you in excise/taxation/legal matters...
Adv k . mahesh (advocate) 22 May 2015
it this is first time then better to consult your local advocate to draft the terms and conditions according to your business conditions and prodcut wise because every busniess has there own standards and responsibilites and only variation will be some points which are like arbitration, jurisdiction, signing authority status etc.,