Agreement Between A Company And Its Branch Manager Legal Draft Template

THIS

AGREEMENT made at...................... this.................. day of

.................... 200___, between ABC Co. Ltd., a company incorporated under

the Companies Act, 1956 and having its registered office at

......................... (Hereinafter called the company of the ONE PART) and

Mr. X s/o........................... resident of........................

(Hereinafter called Mr. X of the OTHER PART).WHEREAS

the company is engaged in the manufacturing and sale of computers and other

electronic gadgets and is desirous to open a branch at Bombay to look after the

sale of its products in the States of Maharashtra & Gujarat.AND

WHEREAS the company is interested to appoint a Manager for the new branch

office, who can look after its business interest and promote sale of its

products in the States of Maharashtra & Gujarat;AND

WHEREAS Mr. X is experienced in sale of consumer goods and management of office

and he has offered his service to the company for the post of branch manager,

which the company has agreed.NOW

THIS AGREEMENT WITNESSETH that it has been agreed between the parties as

follows:1. The company appoints

Mr. X for a period of five years as branch manager of its Bombay branch at a

salary of Rs................ per month and commission at the rate

of................... % on the entire sale in the States of Maharashtra &

Gujarat.2. Mr. X will devote his

full time, skill and attention to the company business. He will also ensure the

promotion of sales of the company products in the territories covered by the

branch by canvassing by different modes as he deems fit.3. Mr. X will not engage

in any other business or service during the tenure of his service with the

company.4. Mr. X will maintain

proper accounts and other records of the branch office which should show the

income, expenditure, goods received, sold and in balance and other necessary details

which are necessary in such business. The necessary vouchers, receipts and

supporting documents will also be maintained properly. The accounts, records

and other documents will be open to inspection to the company's

representatives.5. Mr. X will look after

the interests of the company in the territories covered by the branch and if he

comes to know about the misuse of patent and trade mark of the company products

or any developments which may be necessary for the company for its business, he

shall immediately advise the company about the same.6. Mr. X will work under

the instructions and orders of the company issued from time to time. Mr. X will

immediately furnish information or data called by the company from time to

time.7. The company can

terminate Mr. X before the period of expiry of this agreement by giving three

months notice or salary for three months in lieu thereof, without assigning any

reason and A will have no right against the company in the case of premature

termination of service.8. Mr. X will be

entitled to reimbursement of tour expenses at the rates admissible to other

senior executives of the company from time to time.IN

WITNESS whereof the parties hereto have set their hands to this agreement on

the day and year first above mentioned.Signed

and delivered by the withinnamed companyABC

Co. Ltd. through the hands of Shri A,Managing

Director, Authorised officialSigned

and delivered by the withinnamed Mr. XWITNESSES;1.2.