M2GIC Agent Term & Condition

M2GIC Agent Term & Condition


Supplier and Distributor(s) also shall be referred to collectively as the “parties” and respectively as a “party”

  1. Basic Terms
    1. This agreement shall be followed and practiced in good deed.
    2. All Parties will be following all laws of the Singapore Distribution Laws.
  2. Purpose
  1. Supplier will be supplying “Goods” to the Distributor(s), following all terms in this agreement.
  2. Supplier shall let Distributor(s) focus on sales, and Distributor(s) will follow all agreement terms doing their best promising the results, and not violating nor harming the brand.
  1. Goods
    1. Supplier is supplying and giving sales rights to Distributor(s).
    2. Distributor(s) will have full control of sales timelines.
  2. Sales Rights and Region

Supplier permits the sales and distribution rights to the Distributor(s).

  1. Law commitment

Supplier and Distributor(s) shall at all times, follow the country law of Singapore.

 

  1. Deformation (Defaults) and Quality
    1. Distributor(s) shall let Supplier know if there are any deforms of Goods, and by agreed standards if it is accepted as deforms, they shall be replaced by Supplier immediately.
    2. Supplier shall be responsible for supplying genuine and original Goods.
  2. Payment Terms

Outright basis – Distributor(s) shall make 100% full payment to Supplier. Distributor(s) will have full control and ownership of purchased stocks. All items sold shall be deemed as final and may no longer be returned.

 

  1. Confidentiality and Intellectual Property

During the term of this Agreement and thereafter, the Parties agree to keep information received from the other Party (in particular information regarding pricing, financial information, market information, methods of Distribution, customer data, data of employees, manufacturing and technical information and know-how) confidential to the extent the information was declared confidential by the disclosing Party at the time of disclosure.

    1. 8.1.The Distributor(s) agrees to maintain secret and confidential all information (whether technical or otherwise) obtained in connection with or pursuant to this Agreement.

     

    8.2.The Distributor(s) shall comply with the Supplier's brand guidelines or instructions relating to the form and context in which trademarks, logos or the intellectual property materials and literature (the “Intellectual Property”) are used during the term of this Agreement.

    8.3.The Distributor(s) acknowledges that the Distributor(s) has no rights in or to the Intellectual Property and undertakes not to do or omit to do anything by which the goodwill and reputation associated with the Intellectual Property might be diminished or jeopardised.

    8.4.The Distributor(s) must inform the Supplier immediately of any infringement or apparent or threatened infringement of the Intellectual Property and of any passing off of goods as the Products of which the Distributor(s) may become aware. In addition, the Distributor(s) must on request assist the Supplier in dealing with such infringements.

    8.5.Unless otherwise expressly agreed in writing between the parties, all right, title and interest in and to all trade marks, trade names, literature, copyrights, database rights, patents, designs and all other intellectual property rights ("Intellectual Property") in and relating to the Products shall belong to the Supplier.

    8.6.This clause shall survive any termination of this Contract and continue in force for a period of five (5) years after any termination.

    8.7   There will be strictly no sharing of the information contained within the training by the coaches who represent the company , whether with private individuals, business, or public affairs. Re-sharing, distributing, and re-purposing of teaching -whether in private or public - materials or information within is strictly prohibited by legislation, and failure to comply will result in strict legal consequences. All materials provided by the coach who represents the company during all coaching sessions is trademarked intellectual property and must be kept strictly confidential, unless permission for use is otherwise obtained. The information and materials are strictly for the purpose of helping the distributor to scale and grow their business . Failure to comply with intellectual property rights will result in severe legal ramifications.

     

 

  1. Acknowledgements

                     9.1The Distributor(s) shall comply with all reasonable and lawful instructions of the Supplier from time to time relating to the marketing and                          sale of the Goods in the Region.

  1.  

                    9.2Except in the case of fraud or wilful default, or in the case of death or injury for which a party is liable to the other in negligence, neither                         party shall be liable to the other, as a result of breach of contract or negligence or otherwise, for any loss of profit or business or other                                 economic or financial loss arising directly or indirectly out of or in connection with this Agreement.

                    9.3The Distributor(s) agrees to indemnify the Supplier against any liabilities incurred by the Supplier as a result of the Distributor(s)                                       breaching any law from time to time in force in the Region or the incurring of any unauthorised liability.

 

 

  1. Resale of the Products

Distributor(s) shall be bound to the resale pricing chart expressed in Annex 1 and strictly adhered to the prices for distribution or redistribution to customers and / or subagents.

 

Distributor(s) are allowed to run their own giveaway and lucky draw in any given time at their own capacity.

 

The Distributor(s) understands that there is no stipulated time period for free gifts to be given out, however the value of the free gift should not exceed SGD 10 at any given time.

 

Distributor(s) will not be allowed to carry out any form promotions on their own that entails giving complimentary So Slim, So Chio LED Mask,So Chio Facial Sheet Mask,So Chio Set, Beau teeth whitening pen and Beau Set as free during gimmicks that includes but not limited to lucky draws upon customer purchases. This includes giving away So Slim, So Chio LED Mask,So Chio Facial Sheet Mask,So Chio Set, Beau teeth whitening pen and Beau Set as free gifts that might be portrayed as a promotional bundle. This also includes any products of M2GIC.

 

Distributor(s) will not be allowed to provide shopping vouchers including “follow shop vouchers” on any platforms for Inspired Beauty owned products. Should any distributors be found guilty of breaching this rule, the company reserves the right to fine $50 per product listed.

 

Distributor(s) are allowed to create their own loyalty programs to retain customer loyalty but points earned are not allowed to be used to purchase/offset any M2GIC products.

 

  1. Unofficial Partnership

Any partnership between fellow Distributor(s) and/or potential Distributor(s) to enjoy higher tier benefits are strictly not allowed without the prior notice and approval of the Company.

 

  1. Products

The Products manufactured and sold by Company to Distributor(s) for distribution hereunder are as follows: So Slim, So Chio LED Mask,So Chio Facial Sheet Mask,So Chio Set, Beau teeth whitening pen and Beau Set Distributor(s) are not allowed to sell any other brand of slimming gel,led mask and teeth whitening.