Page 1 of 33 BRANCH SALES OFFICE – KANPUR 16 ... - Vizag Steel

3. In consideration of the due performance, execution and completion of the works coveredby this Agreement the Company covenants and agrees to pay the Consignment SalesAgent at the agreed rates as aforesaid but subject in all respects to the Conditions ofContract contained in the annexures.4. The contract shall be effective from _______________and shall remain in force for aperiod of 7 (Seven) years. However, the Company shall have the option to terminate theContract at any time during the period of the Contract by giving one month written noticewithout assigning any reason. No compensation will be payable on this account. Allimplications on account of change in tax regime, duties, taxes and levies of any naturewhat so ever will be to CSA’s account during the tenure of the Contract and no additionalcompensation on this account will be payable under any circumstances.5. The contents of the correspondence between the parties hereto in respect of the contractexcept in so far as they have been specially incorporated in the Annexures hereto shallnot in any way affect this Agreement which will in all respects be governed by theprovisions contained herein and the Annexures hereto. There is no other Agreement orunderstanding between the parties in respect of anything said or done in connection withthe Agreement apart from the contents of these presents or the said Annexures hereto.6. No modification or amendment of this Agreement shall be valid and binding between theparties unless the same is made in writing and is signed by the parties and termed asamendment to this Agreement.7. Failure to enforce any of the terms and conditions contained in this Agreement shall notoperate as a waiver of the terms or breach thereof.8. In case of any conflict between the Terms and Conditions of Contract and any of thecontract documents specified under Clause 2 hereof the Terms and Conditions ofContract will prevail. Mutually agreed deviations to the Terms and conditions ascontained in the Letter of Intent shall prevail over the other contract documents.IN WITNESS WHEREOF both parties have set their hands and subscribed their signaturesto this instrument after fully going through the contents hereof and after fullyunderstanding the implications and significance.Signed, Sealed and Delivered for and on behalf of the above mentioned Rashtriya IspatNigam Limited at _____________________________________________Witness:Signed, Sealed and Delivered for and on behalf of M/s.________________________________________________________________________________________Witness:Page 16 of 33