Bidder’s Compliance on Commercial Terms and ConditionsBidder’s Compliance on Commercial Terms and Conditions • January 2nd, 2015
Sl.No. Commercial Terms & Conditions Bidder’s Compliance (Yes / No) 1. Duration of Contract: Agreement shall be in force for a period of five years from that date of signing of the agreement. The validity of Agreement shall, however, be subject to the provisions contained in Clauses 2.1 and 2.2 of this RFQ in the matter of termination by notice. 2 Termination of Contract: 2.1 Either party may, at any time, terminate agreement by giving ninety (90) days written notice to the other party. It shall not be necessary to assign cause for such termination. 2.2 Either party may terminate the agreement by giving ninety (90) days notice in writing to the other in the event of that other party failing or neglecting to fulfil any of its material obligations hereunder. 3. Duties of Agent : 3.1 The Agent shall hereby undertake and agree with HAL that, he shall at all the times during the continuance of agreement: a. Use his best endeavours to promote sales and build up market for the produc
