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Exhibit
10.2
AGREED
FORM
Dated
2007
UNILEVER
PLC
- and -
UNILEVER
N.V.
- and -
JOHNSONDIVERSEY,
INC.
AMENDED AND
RESTATED
MASTER SALES AGENCY
AGREEMENT
[EXPLANATORY NOTE: CERTAIN
PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED AND FILED SEPARATELY
WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST
FOR CONFIDENTIAL TREATMENT. THE SYMBOL “[**]” HAS BEEN
INSERTED IN PLACE OF THE PORTIONS SO OMITTED.]
AMENDED AND RESTATED
MASTER SALES AGENCY AGREEMENT
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| THIS AMENDED AND RESTATED MASTER SALES AGENCY AGREEMENT
is made the [ ] day of
[ ],
2007 . |
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| BETWEEN: |
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| 1. |
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UNILEVER N.V., a company incorporated in The Netherlands
whose registered office is at Weena 455, 3013 AL Rotterdam, The
Netherlands (“Unilever N.V.”); |
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| 2. |
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UNILEVER PLC, a company incorporated in England and
Wales whose registered office is at Port Sunlight, Wirral,
Merseyside CH62 4UJ, United Kingdom (“Unilever PLC”
and, together with Unilever N.V., the “Unilever
Parties”); and |
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| 3. |
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JOHNSONDIVERSEY, INC., a company incorporated in
Delaware whose principal place of business is at 8310 16
th
Street, Sturtevant,
Wisconsin, 53177-0902, USA (“JDI” and, together with
the Unilever Parties, the
“Parties”). |
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WHEREAS:
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| (A) |
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On 3 rd
May, 2002,
JohnsonDiversey Holdings, Inc., JDI and/or certain of their
Affiliates purchased the DiverseyLever Business from the Unilever
Parties and certain of their Affiliates pursuant to a Purchase
Agreement, dated 20 November, 2001 (the “Purchase
Agreement”), by and among JohnsonDiversey Holdings, Inc., JDI
and Conopco, Inc. |
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| (B) |
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Since 3 rd May, 2002, JDI and its Affiliates have acted as agents
for members of the Unilever Group in respect of the promotion and
sale of certain Unilever Shared Brands Products to Customers on
their behalf on the terms and conditions of this agreement prior to
its amendment and restatement (the “Former MSA
Agreement”). |
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| (C) |
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As of and with effect from the Commencement Date, the Parties
have terminated the Former MSA Agreement in so far as it relates to
all previously relevant territories, other than the Territories, in
accordance with the terms of the Umbrella Agreement. |
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| (D) |
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As of and with effect from the Commencement Date, the Parties
have entered into a Master Sub-Licence Agreement pursuant to which
the Unilever Parties shall procure that members of the Unilever
Group shall license JDI and its Affiliates to manufacture, market
and sell certain Unilever Shared Brands Products to Customers in
certain territories, other than the Territories. |
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| (E) |
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The Parties wish to amend and restate this agreement such that
the JDI Affiliates shall, with effect from the Commencement Date,
act as agents of the Unilever Affiliates in respect of the
promotion and sale of the Products to Customers in the Territories
on behalf of the Unilever Affiliates on the terms and conditions of
this agreement as herein amended and restated and in accordance
with any existing LSA Agreement in respect of each such
Territory. |
NOW IT IS AGREED:
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| 1. |
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INTERPRETATION |
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The provisions of schedules 1- 5 are incorporated
by reference herein and shall be deemed to be a part of this
agreement. |
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| 2. |
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CAPACITY |
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| 2.1 |
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The Unilever Parties are entering into this agreement for
themselves and as agent for each Unilever Affiliate and JDI is
entering into this agreement for itself and as agent for each JDI
Affiliate. Where, as of the execution of this agreement, the
Unilever Parties or JDI are not authorised on behalf of any of
their respective Affiliates so to enter into this agreement, the
Unilever Parties or JDI (as the case may be) shall obtain from such
Affiliates as promptly as reasonably practicable ratification of
their entry into this agreement on behalf of such
Affiliates. |
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| 2.2 |
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Where in this agreement a Unilever Affiliate or a JDI Affiliate
is expressed to have an obligation, the expression of that
obligation shall be construed as the Unilever Parties or JDI (as
the case may be) agreeing on behalf of the relevant Unilever
Affiliate or JDI Affiliate to assume such obligation. |
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| 2.3 |
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Notwithstanding any other provision of this
agreement: |
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(A) |
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the Unilever Parties shall procure, as regards any Unilever
Affiliate and its Territory, that such Unilever Affiliate complies
with its obligations under this agreement; and |
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(B) |
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JDI shall procure, as regards any JDI Affiliate and its
Territory, that such JDI Affiliate complies with its obligations
under this agreement. |
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| 3. |
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APPOINTMENT OF AGENTS |
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| 3.1 |
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Subject as provided in sub-paragraph (D) below and without
prejudice to clause 13.1 : |
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(A) |
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each Unilever Affiliate hereby appoints the JDI Affiliate set
out in the table in schedule 2 relating to its
Territory to be its sole and exclusive agent in such Territory for
(a) the promotion and sale of the Products to Customers in
such Territory, and (b) the provision of after-sales technical
support and customer care to Customers in such Territory, in each
such case on the terms and conditions of this
agreement; |
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(B) |
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The Unilever Parties and each of their respective Affiliates
agree that during the continuance of this agreement none of them
will, directly or indirectly, appoint, engage, authorise or
instruct any other person as their distributor of or agent for the
promotion or sale of, and they shall not otherwise promote or sell,
the Unilever Shared Brands Products in the Territories;
and |
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(C) |
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The Unilever Parties will not, and the Unilever Parties shall
procure that no member of the Unilever Group, including the
Unilever Affiliates hereunder shall market, distribute or sell any
Unilever Shared Brands Product in any Territory (and shall not
directly or indirectly appoint, engage, authorise or instruct any
other person as their distributor of or agent for the promotion or
sale of Unilever Shared Brands Products in any Territory),
otherwise than pursuant to this agreement, from the Commencement
Date until this agreement terminates in that Territory in
accordance with its terms. |
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(D) |
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Notwithstanding the foregoing, the above obligations shall not
apply to (i) any product proposed by the Unilever Group
pursuant to clause 5.2(B)(ii) and with respect to which
the relevant JDI Affiliate has withheld the giving of its consent
in accordance with such clause or withheld or unreasonably delayed
the giving of its consent in contravention of such clause; or
(ii) prevent or restrict the distribution, marketing,
promotion or sale of a Product to a Customer by any member of the
Unilever Group if and to the extent that the sale of such Product
to such Customer by any member of JDI’s Group would
constitute a Restricted Sale. |
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| 3.2 |
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Each JDI Affiliate shall, in order to perform its duties, be
entitled to use, in its sole discretion, its delivery
network. |
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| 3.3 |
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For the avoidance of doubt, the Unilever Affiliate and the JDI
Affiliate in any Territory may deal direct with one another under
this agreement without reference to the Unilever Parties, JDI, any
other Unilever Affiliate or any other JDI Affiliate. |
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| 3.4 |
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(A) |
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Notwithstanding any other provision of this agreement, neither
the Unilever Parties nor any of their respective Affiliates shall
have any liability to JDI or any of its Affiliates for the
promotion of or sales of the Products to Customers in the
Territories by: |
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(i) |
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third
parties over which neither of the Unilever Parties nor any of their
respective Affiliates has any control; |
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(ii) |
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any
licensee, agent, distributor, wholesaler or other reseller of any
member of the Unilever Group in territories outside the
Territories, where the relevant member of the Unilever Group (or
any other person on its behalf) has used reasonable endeavours to
procure that such person should not so promote or sell Products;
or |
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(iii) |
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any
licensee, agent, distributor, wholesaler or other reseller of the
Unilever Parties or any of their respective Affiliates or by the
Unilever Parties or any such Affiliates where (in the case of
sales) such sales were not solicited by such person or the Unilever
Parties or their respective Affiliates, |
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PROVIDED THAT nothing in this clause shall release any Unilever
Affiliate from its obligations under clause 7.10(D), clause
7.10(E) or clause 13.1(B) . |
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(B) |
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Notwithstanding any other provision of this agreement, neither
JDI nor any of its Affiliates shall have any liability to the
Unilever Parties or any of their respective Affiliates for the
promotion of or sales of the Products to Customers by: |
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(i) |
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third
parties (whether within or outside the Territories) over which
neither JDI nor any of its Affiliates has any control; |
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(ii) |
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any
licensee, agent, distributor, wholesaler or other reseller of JDI
or any of its Affiliates outside the Territories where the relevant
member of JDI’s Group (or any other person on its behalf) has
used reasonable endeavours to procure that such person should not
so promote or sell Products; or |
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(iii) |
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any
licensee, agent, distributor, wholesaler or other reseller of JDI
or any of its Affiliates or by JDI or any such Affiliates where (in
the case of sales) such sales to Customers were outside the
Territories and were not solicited by such person or JDI or any of
its Affiliates PROVIDED THAT nothing in this clause shall release
any JDI Affiliate from its obligations under
clause 13.4 . |
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Nothing in this agreement shall prohibit the Unilever Parties
or any of their respective Affiliates from conducting
bona fide negotiations, at any time either after the
giving of notice by or on behalf of the Unilever Parties and their
respective Affiliates to terminate this agreement (whether as a
whole or as regards only one or more specified Territories) in
accordance with its terms or in the last six months of the term
(including any renewal term, in the event that any may be agreed
between the Parties) of this agreement (as the case may be), with
any third party in relation to the appointment of such third party
or any one or more of its Affiliates as agent of the Unilever
Affiliates in place of the JDI Affiliates in all or any part of the
Territories following termination of the appointment of the JDI
Affiliates under this agreement. |
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| 3.6 |
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With effect from the Commencement Date until this agreement
terminates in its entirety or, with respect to a Territory or
Product, until this Agreement terminates in that Territory or in
respect of that Product, whichever is earlier, Unilever will not,
and will procure that no member of the Unilever Group (including
any Unilever Affiliate) shall appoint or engage any other person in
any Territory as its licensee, distributor, wholesaler or other
reseller of or agent for the promotion or sale of Equivalent
Consumer Products (regardless of pack size) to Professional
Customers in such Territory, other than the relevant JDI Affiliate
pursuant to or as otherwise permitted by this
agreement. |
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| 3.7 |
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Unilever confirms that neither it nor any member of the
Unilever Group, including the Unilever Affiliates, shall
specifically target or actively seek Professional Customers for the
sale of Equivalent Consumer Products (regardless of pack size) in
any Territory. |
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| 3.8 |
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Subject always as provided in clauses 3.6 and 3.7 ,
neither Unilever nor any member of the Unilever Group, including
the Unilever Affiliates shall otherwise be prevented or restricted
in any way by this agreement from promoting or selling Equivalent
Consumer Products to: |
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(i) |
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Professional Customers in any Territory; |
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(ii) |
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Professional Customers in any in any territory other than a
Territory. |
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| 3.9 |
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Notwithstanding anything in this agreement, neither Unilever
nor any member of the Unilever Group, including the Unilever
Affiliates shall have any liability to JD or any of the JDI
Affiliates for the promotion of or sales of Equivalent Consumer
Products to Professional Customers in any Territory: |
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(i) |
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by any third party over which neither Unilever nor any of the
Unilever Affiliates has any control; |
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(ii) |
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by any licensee, agent, distributor, wholesaler or other
reseller, other than, in each case, any such person that is either
a Professional Reseller or a licensee or agent appointed or engaged
by any member of the Unilever Group (including any Unilever
Affiliate) after the Commencement Date for the promotion or sale of
Equivalent Consumer Products regardless of pack size) in breach of
clause 3.6 ; |
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(iii) |
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by any licensee, agent, distributor, wholesaler or other
reseller of any member of the Unilever Group, or by any member of
the Unilever Group, (including in each case any Unilever Affiliate)
where any such sale was not solicited by it or where it has used
reasonable endeavours to procure that such person should not so
promote or sell Equivalent Consumer Products to Professional
Customers in any Territory; |
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(iv) |
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by any licensee, agent, distributor, wholesaler or other
reseller of Unilever or any member of the Unilever Group (including
any Unilever Affiliate) to whom Unilever or any member of the
Unilever Group (including any Unilever Affiliate) was selling such
Equivalent Consumer Products at any time during the 12 month period
prior to the Commencement Date. |
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4.
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ARRANGEMENTS IN EACH TERRITORY |
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The Parties have agreed that for local law purposes the JDI
Affiliate and the Unilever Affiliate in each Territory will enter
into one or more agreements for (a) the appointment of such
JDI Affiliate as the agent of such Unilever Affiliate (on the terms
and conditions of this agreement) (an “Agency
Appointment”), or (b) where an Agency Appointment shall
conflict with or violate local law in the territory in which the
Agency Appointment is proposed to be made, the appointment of the
JDI Affiliate in such other capacity as shall satisfy the
requirements of Applicable Law, including appointment as a
distributor (a “Distributor Appointment”). In respect
of each such Territory, and to the extent that any such LSA
Agreement shall not have been entered into at or about the time at
which this agreement is entered into, on and after the Commencement
Date of this agreement the relevant JDI Affiliate and the relevant
Unilever Affiliate shall negotiate with a view to agreeing and
entering into for such Territory as soon as reasonably practicable
an LSA Agreement for such appointment. Without prejudice to the
foregoing obligations of the JDI Affiliates and the Unilever
Affiliates, no Unilever Affiliate shall enter into any such LSA
Agreement unless the Unilever Parties have given their prior
written consent to the terms of such agreement and no JDI Affiliate
shall enter into any such LSA Agreement unless JDI has given its
prior written consent to such terms. The terms of any such LS
Agreement shall so far as possible be consistent with the terms of
this agreement and, where applicable, shall be the minimum
necessary to comply with any relevant requirements of local law.
However, and notwithstanding the terms of any such LSA Agreement,
such JDI Affiliate and such Unilever Affiliate shall procure (if
necessary, by arrangements to operate outside the relevant
Territory and to be agreed in writing) that such appointment,
including any Distributor Appointment, shall for all purposes
(other than those of applicable local law) be given economic and
practical effect as if such LS A Agreement had not been entered
into and as if the terms of this agreement prevailed to the extent
of any conflict. For the avoidance of doubt, pursuant to such
agreements in certain Territories, title to Products shall be
deemed to vest in the relevant JDI Affiliate immediately prior to
the sale of such Products to Customers, PROVIDED THAT such JDI
Affiliate and the relevant Unilever Affiliate shall procure (if
necessary, by arrangements to operate outside the relevant
Territories and to be agreed in writing) that the appointment in
such Territories shall for all purposes (other than those of
applicable local law) be given economic and practical effect as if
such agreements had not been entered into. |
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| 5. |
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SCOPE OF AGENCY |
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| 5.1 |
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(A) |
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JDI or the applicable JDI Affiliate shall promote the Products
to Customers, identify potential sales opportunities for the sale
of the Products to Customers, solicit sales of the Products on
behalf of the Unilever Affiliates to Customers and generally act as
the representative of the Unilever Affiliates in the Territories,
in each case with a view to the promotion and sale of the Products
only to Customers. |
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(B) |
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In respect of the promotion and sale of the Products to
Customers (but not otherwise), JDI or the applicable JDI Affiliate
may (in each such case, as agent for the relevant Unilever
Affiliate) enter into contracts in their own names or in the name
of the relevant Unilever Affiliate. |
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| 5.2 |
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(A) |
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The Unilever Affiliate in any Territory may at any time and at
its sole discretion (subject to the conditions specified in this
clause 5.2 and clause 5.16 and to giving not
less than 12 weeks’ prior written notice to the relevant JDI
Affiliate): |
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(i) |
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subject to
clause 5.2(B) , add products to the Products or otherwise
extend the range of Products; |
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(ii) |
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whether as a
result of any discontinuance of manufacture or otherwise, remove
products from the Products, subject (where applicable) to payment
of compensation in accordance with the Umbrella
Agreement; |
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(iii) |
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without
prejudice to sub-paragraph (i) above, change the
specification, formulation, packaging, appearance or any other
feature of any Product and/or the positioning of or claims made for
any such Product; or |
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(iv) |
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without
prejudice to sub-paragraph (i) above, change the brand
or brand name under which any of the Products are promoted or sold
under this agreement. |
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In the event that the relevant Unilever Affiliate makes a
change pursuant to one of either sub-paragraph (iii)
or sub-paragraph (iv) above in respect of a
Product and then makes a further change to such Product under the
other of such sub-paragraphs (iii) and (iv)
within twelve calendar months of the first such change, such
changes (together) shall be deemed to be a single change falling
within sub-paragraph (i) above. |
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(B) |
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Subject to clause 5.16 , as regards any product to
be added to the Products or any extension otherwise of the range of
Products, the relevant Unilever Affiliate may: |
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(i) |
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at any time,
add to the Products or otherwise extend the range of Products to
include a Unilever Shared Brands Product that is the equivalent of
any product sold under a then current Unilever Consumer Brand which
performs the same or substantially the same function as any
Product; and |
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(ii) |
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with the
prior written approval of the relevant JDI Affiliate (such approval
not to be unreasonably withheld or unreasonably delayed), add to
the Products or otherwise extend the range of Products to include
any other product. |
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Prior to giving any notice pursuant to clause 5.2(A) ,
the relevant Unilever Affiliate and the relevant JDI Affiliate
shall discuss in good faith the action which such Unilever
Affiliate proposes to take and such JDI Affiliate shall provide
such Unilever Affiliate with details of any adverse effects known
to such JDI Affiliate which the action such Unilever Affiliate
proposes to take may give rise to including, without limitation,
breaching the terms of any relevant contracts with Customers, the
obsolescence of any stock held by such JDI Affiliate, the impact on
other arrangements between the Parties and any cost implications
for such Unilever Affiliate. The failure of a Unilever Affiliate to
give the notice addressed in the first sentence of
clause 5.2(A) shall not prejudice any rights which JDI
or the applicable JDI Affiliate are given under this
clause 5.2 . To the extent that any change made by the
Unilever Affiliate in any Territory pursuant to clause 5.2(A)
consists of the removal of a Product from this Agreement by means
of an increase in the pack size of any product or the elimination
of any pack size, then the Unilever Affiliate shall only make such
change (i) in so far only as it affects sales of such Product
to Professional Customers, after giving to the JD Affiliate at
least six (6) months prior notice in lieu of the 12 week
notice period required in clause 5.2(A); and (ii) provided
consumer products equivalent to the relevant Product have been sold
in commercial quantities by any person (including without
limitation the relevant member of the Unilever Group) in consumer
channels in the Territory for at least three (3) months prior
to the date of the notice pursuant to clause 5.2(A) (and where a
Unilever Affiliate intends to commercialise such a consumer
product, it shall notify the relevant JDI Affiliate of this at
least 3 months prior to giving the notice required pursuant to
clause 5.2(A) or under (i) of this clause
5.3(C)) . The prior sentence shall not apply to situations in
which the Unilever Affiliate is discontinuing from the Territory
all Equivalent Consumer Products similar to the relevant
Product. |
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(D) |
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Upon the removal of any Products in accordance with
clause 5.2(A)(ii) above or clause 7.6
below, the relevant JDI Affiliate may submit a final order for its
reasonable requirements of the Products then subject to the removal
or discontinuation, and the relevant Unilever Affiliate shall use
all reasonable endeavours to supply, or procure the supply of, such
requirements as soon as commercially practicable after the date of
final order. |
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| 5.3 |
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(A) |
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The Unilever Affiliate in each Territory shall determine for
such Territory and notify the JDI Affiliate in such Territory
of: |
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(i) |
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the
advertising strategy (if any) for the Products; |
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(ii) |
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the
promotional strategy (if any) for the Products (including the
material to be used in the execution of any such strategy);
and |
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(iii) |
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the
Marketing Mix (if any) of the Products to be adopted for promotion
and sales of the Products to Customers or types of Customer, and
shall keep the JDI Affiliate in such Territory informed of any
material developments in those areas which affect the ability of
such JDI Affiliate to perform its obligations under this
agreement. |
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(B) |
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Each such advertising strategy, promotional strategy and
Marketing Mix (if any) determined from time to time for the
Products in a Territory and communicated to the JDI Affiliate in
such Territory shall be implemented by such JDI Affiliate to the
extent (if any) required (including, without limitation, at any
meetings of the kind referred to in clause 6.17 ) in the
performance of its agency duties under this Agreement (and subject
to the provisions of clause 5.4 below). |
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(C) |
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The JDI Affiliate in any such Territory may at any time make
suggestions to the Unilever Affiliate in such Territory as to the
advertising strategy and promotional strategy for and Marketing Mix
of the Products in such Territory. |
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(D) |
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For the avoidance of doubt, nothing in this agreement shall
require the Unilever Parties or any of their respective Affiliates
to advertise or promote any of the Products in any
Territory. |
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| 5.4 |
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The Unilever Affiliate in each Territory shall (subject to the
provisions of this agreement) bear, or shall procure that another
Unilever Affiliate shall bear, all costs and expenses in such
Territory relating to: |
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(A) |
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advertising (both general and trade) of the Products;
and |
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(B) |
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ad hoc price promotions of any Products, |
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and all other trade promotion payments made in relation to the
Products in such Territory. |
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| 5.5 |
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(A) |
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In the event that the JDI Affiliate in any Territory incurs any
costs or expenses of the kinds referred to in clause 5.4
which are consistent with the Budget (as communicated at meetings
of the kind referred to in clause 6.17 ) applicable at such
time to such Territory, the Unilever Affiliate in such Territory
shall reimburse such JDI Affiliate for such costs and expenses.
Notwithstanding any other provision herein, no JDI Affiliate shall
be required to spend any amounts that are in excess of or
inconsistent with the Budget on the advertising and promotional
matters referred to in clause 5.4 unless (i) it so
elects, in which case such JDI Affiliate shall have no entitlement
to reimbursement in respect of any such excess or inconsistent
amounts, or (ii) it receives a written directive to so spend
from the applicable Unilever Affiliate, in which case such Unilever
Affiliate shall promptly reimburse the JDI Affiliate for the excess
or inconsistent amount spent. |
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(B) |
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Any such reimbursement may be settled by the deduction of the
relevant amounts from any amount in respect of Net Proceeds of Sale
otherwise payable by such JDI Affiliate to the Unilever Affiliate
in its Territory from time to time, subject to such JDI Affiliate
having previously provided such Unilever Affiliate with an invoice
for and reasonable evidence of the amount and nature of any such
costs and expenses and their consistency with the applicable
Budget. |
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| 5.6 |
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All written material, labels, posters and other
material: |
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(A) |
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intended to be used in promoting the Products; or |
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(B) |
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bearing or using any of the Trade Marks, |
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and, in either case, produced or used by any JDI Affiliate (and
not provided by the Unilever Parties or any Unilever Affiliate)
shall be consistent with any applicable Use Guidelines and Category
Strategy unless the Unilever Affiliate in the relevant Territory
shall have previously agreed in writing to the contrary. The JDI
Affiliate in such Territory shall from time to time on reasonable
request provide a copy of all such material to the Unilever
Affiliate in such Territory. The Unilever Affiliate in the relevant
Territory may by written notice to the relevant JDI Affiliate in
such Territory require such JDI Affiliate to: |
7
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(A) |
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make such changes to any such material that does not comply
with this clause 5.6 as such Unilever Affiliate may
reasonably specify in such notice; or |
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(B) |
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cease using any such material that does not comply with this
clause 5.6 , |
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in either such case within a reasonable period of time from
receipt of such written notice. For the avoidance of doubt, any
such material provided to a JDI Affiliate by the Unilever Affiliate
in its Territory shall be deemed to be consistent with any such Use
Guidelines and Category Strategy unless (i) such Unilever
Affiliate notifies such JDI Affiliate to the contrary, or
(ii) such material is modified, altered, tampered with or
otherwise changed in any way. |
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| 5.7 |
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No JDI Affiliate in any Territory shall without the prior
written consent of the Unilever Affiliate in such Territory quote
to any Customer a price, discount, Prebate or rebate outside the
range of prices, discounts, Prebates and rebates for the Products
contained on a written list previously sent (and applicable to the
relevant Customer) by such Unilever Affiliate to the JDI Affiliate
in such Territory or valid for a period longer than that specified
in such written list in relation to any such price, discount,
Prebate or rebate (the “Price Range”). For this purpose
(and for the avoidance of doubt), any such price, discount, Prebate
or rebate shall only be valid and effective for the period
specified in such written list or, if later, unless and until such
Unilever Affiliate provides such JDI Affiliate with a replacement
Price Range (pending receipt of which, the relevant JDI Affiliate
may quote to any Customer from the earlier Price Range and such
earlier Price Range shall remain valid and effective). When drawing
up Price Ranges from time to time, such Unilever Affiliate shall
have regard to then current prices charged by such Unilever
Affiliate for consumer products similar to the Products in the
relevant Territory and need not specify a maximum limit on prices.
Neither JDI nor any JDI Affiliate shall be liable to the Unilever
Parties or any Unilever Affiliate for any failure to sell or
promote Products for which a Price Range has not been provided to
JDI or such JDI Affiliate by the relevant Unilever
Affiliate. |
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| 5.8 |
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Unless otherwise agreed in writing between the local JDI
Affiliate and the local Unilever Affiliate, should the Unilever
Affiliate in any Territory give its prior written consent to the
JDI Affiliate in such Territory quoting a price, discount, Prebate
or rebate outside the Price Range, any such price, discount,
Prebate or rebate agreed by such Unilever Affiliate may only be
quoted in respect of orders to be received by such JDI Affiliate
after the date of such Unilever Affiliate’s written consent
and subject always to such Unilever Affiliate’s right to
change such price, discount, Prebate or rebate in respect of future
orders, as provided in clause 5.9 below. Such price,
discount, Prebate or rebate shall not apply to orders received by
such JDI Affiliate prior to the date of such Unilever
Affiliate’s written consent, which orders shall be invoiced
within the Price Range, even if goods relating to those orders are
dispatched by the relevant JDI Affiliate after the date of such
Unilever Affiliate’s written consent. Neither JDI nor any JDI
Affiliate shall be liable or otherwise have any obligation to the
Unilever Parties or any Unilever Affiliate for any failure to sell
or promote Products for which a Price Range has not been provided
to JDI or such JDI Affiliate. |
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| 5.9 |
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The Unilever Affiliate in any Territory may at its sole
discretion at any time change any of the prices, discounts,
Prebates or rebates to be quoted in respect of the Products offered
for sale in such Territory. Such Unilever Affiliate shall give the
JDI Affiliate in such Territory 45 Business Days’ prior
written notice of its intention to change any such price, discount,
Prebate or rebate and no such change to prices, discounts, Prebates
or rebates shall be specified as taking effect prior to the date of
such written notice. |
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| 5.10 |
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When quoting a price, discount, Prebate or rebate for a Product
to a Customer, each JDI Affiliate shall have regard to the period
of time for which such price, discount, Prebate or rebate will
remain valid after the time of such quote and shall use reasonable
endeavours to ensure that where an order is placed for any such
Product during such period, delivery of such Product to the
Customer shall take place either during such period or without
undue delay following the expiry of such period. |
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| 5.11 |
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Without prejudice to clause 6.7(B) , neither JDI nor any
JDI Affiliate shall, without the prior written consent of the
Unilever Parties, commit any Unilever Affiliate after the date of
this agreement to any contract with a Customer: |
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(A) |
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which would terminate later than the expiry of this agreement
(or, where notice of earlier termination of this agreement has been
given to the local JDI Affiliate on or before the time a commitment
has been made in relation to any one or more Territories, later in
any such Territory than the date of such earlier termination);
or |
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(B) |
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of a duration exceeding twelve calendar months which is not
terminable by the relevant Unilever Affiliate on six months’
notice or less; or |
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(C) |
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which applies to more than one Territory; or |
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(D) |
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which relates to anticipated Net Proceeds of Sale with respect
to such Customer for any calendar year in excess of €3
million. |
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| 5.12 |
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Save to the extent permitted by terms and conditions of
business which comply in all respects with clause 6.7(B) or
otherwise with the prior written consent of the Unilever Parties,
neither JDI nor any of its Affiliates shall pledge the credit of
the Unilever Parties or any of their respective Affiliates or
extend credit to Customers or any other person. |
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| 5.13 |
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Neither JDI nor any of its Affiliates shall give any warranties
(other than any warranties implied by local law in the relevant
jurisdiction or any warranties contained in terms and conditions of
business which comply in all respects with clause 6.7(B) )
on behalf of the Unilever Parties or any of their respective
Affiliates or incur any liabilities on behalf of the Unilever
Parties or any of their respective Affiliates or in any way seek to
bind the Unilever Parties or any of their respective Affiliates, in
any such case outside the scope of JDI’s appointment and the
appointment of its Affiliates as agents of the Unilever Affiliates
on the terms and conditions of this agreement. |
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| 5.14 |
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The Parties acknowledge that from time to time the JDI
Affiliate in any Territory may make suggestions to the Unilever
Parties or to the Unilever Affiliate in such Territory concerning
the strategy to be adopted for the promotion and sale of the
Products. |
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| 5.15 |
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The Unilever Affiliate in each Territory shall have the right,
once in each calendar year and upon reasonable advance notice to
the relevant JDI Affiliate, to contact each then current Customer
in such Territory to discuss issues relating to their
customer/supplier relationship. |
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| 5.16 |
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Notwithstanding any other provision in this agreement, in no
event will JDI be required to market Products under this agreement
that would violate the Brand Licence Agreement dated 3 rd May, 2002 between JDI and
SCJ. |
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| 5.17 |
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Buying Agent |
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(A) |
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This clause 5.17 applies to the extent agreed between
the Unilever Affiliate and the JDI Affiliate in any Territory from
time to time. |
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(B) |
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Each relevant JDI Affiliate shall manage on behalf of the
relevant Unilever Affiliate supply chain relationships of such
Unilever Affiliate relating to purchases of Products by such
Unilever Affiliate (for on-sale to Customers under this agreement)
from: |
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(i) |
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other
members of the Unilever Group; and/or |
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(ii) |
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all other
third party suppliers (including, for the avoidance of doubt, other
members of JDI’s Group); in each case, consistent with the
past practices of such JDI Affiliate in connection with the
Products in the Territory, as applicable. |
9
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(C) |
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Without prejudice to the generality of clause 5.17(B) ,
such JDI Affiliate shall (on behalf of the relevant Unilever
Affiliate): |
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(i) |
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place orders
for and (where relevant) forecast demand for Products; |
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(ii) |
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check stock
on delivery and record stock receipts and reconcile them to
invoices; |
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(iii) |
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resolve
relevant discrepancies; and |
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(iv) |
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settle
invoices from any such suppliers relating to purchases of Products
in accordance with agreed credit terms. For supplies from other
members of the Unilever Group and from other members of JDI’s
Group, invoices shall be settled by the end of the month following
the month in which the invoice was generated. |
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(D) |
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In the event that the JDI Affiliate in any Territory is
required to make any payment (on behalf of the relevant Unilever
Affiliate) to any relevant supplier of Products to settle an
invoice of the kind referred to in clause 5.17(C)(iv) , the
Unilever Affiliate in such Territory shall reimburse such JDI
Affiliate for all such costs and expenses, including, subject to
clause 22(B) , VAT, sales tax or duty. Any such
reimbursement shall be settled by the end of the month following
the month in which such JDI Affiliate provides such Unilever
Affiliate with an invoice for and reasonable evidence of the amount
and nature of any such payment. If such JDI Affiliate is required
to settle invoices from any third-party supplier significantly
earlier than the end of the month following the month in which such
invoices are sent, such Unilever Affiliate and such JDI Affiliate
shall agree, in good faith, separate reimbursement arrangements.
For the avoidance of doubt, the intent of this sub-clause is that
all arrangements made under this clause 5.17 shall be
cash-neutral for such JDI Affiliate, and if such JDI Affiliate
shall not have been reimbursed by the date on which the JDI
Affiliate is required to settle the relevant invoice of the kind
referred to in clause 5.17(C)(iv) , it may withhold the
amounts due from any subsequent payment of Net Proceeds of Sale to
the relevant Unilever Affiliate. |
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(E) |
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Notwithstanding the other provisions of this clause 5.17
, the Parties intend that: |
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(i) |
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save as
provided in clause 5.17(F) , all contracts for the supply of
Products to any Unilever Affiliate (for on-sale to Customers under
this agreement) should be between such Unilever Affiliate and such
supplier and, for the avoidance of doubt, no JDI Affiliate should
be a party to any such contracts; |
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(ii) |
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unless
otherwise agreed in any Territory, invoices submitted by suppliers
to the relevant Unilever Affiliate pursuant to any such contract
should be in the name of such Unilever Affiliate. |
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(F) |
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Nothing in this clause 5.17 shall affect the obligations
of any member of JDI’s Group or any member of the Unilever
Group under the Supply Agreements. |
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| 6. |
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OBLIGATIONS OF THE AGENTS |
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| 6.1 |
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General |
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The JDI Affiliates shall, during the continuance of this
agreement, at all times act dutifully and in good faith toward the
Unilever Parties and their respective Affiliates in relation to the
Products and in particular (but without limitation)
shall: |
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(A) |
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use commercially reasonable and proper efforts to promote and
market the Products to Customers and prospective
Customers; |
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(B) |
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solicit Customers for the Products in the name and on behalf of
the applicable Unilever Affiliate and fulfil such orders, subject
to the fulfilment by such Unilever Affiliate of its obligations
under clause 7.5 ; |
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(C) |
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administer the sales it makes under this agreement, including
invoicing Customers, collecting receivables and paying Net Proceeds
of Sale (less the Agency Fee and certain other costs as described
herein) to the Unilever Parties or the applicable Unilever
Affiliate; |
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(D) |
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subject to any directions, orders or instructions that the
Unilever Parties or the relevant Unilever Affiliates may from time
to time properly and reasonably give, perform its duties hereunder
in accordance with the terms and conditions of this agreement;
and |
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(E) |
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provide (directly or indirectly) to Customers all necessary
after-sales technical support and customer care relating to the
Products, of the kind and to a level and response times which are
at least as good as that of such support and care (if any) provided
to similar Customers by the JDI Affiliates in the six months prior
to the date of this agreement. |
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| 6.2 |
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Each JDI Affiliate shall keep up-to-date records of Customers,
including name, location, details of discussions, state of
progress, names and positions of Customer personnel. |
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| 6.3 |
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Reporting |
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(A) |
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Each JDI Affiliate shall send to the Unilever Affiliate in its
Territory as soon as reasonably practicable (and in any event no
later than the tenth Business Day of each calendar month) the
financial and accounting information specified in schedule 3
in respect of the preceding calendar month (or other period agreed
between such JDI Affiliate and such Unilever Affiliate for such
purpose). |
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(B) |
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Each JDI Affiliate shall, save where and to the extent such JDI
Affiliate shall have agreed to the contrary with the Unilever
Affiliate in the relevant Territory: |
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(i) |
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send to the
Unilever Affiliate in its Territory as soon as reasonably
practicable and in any event no later than the tenth Business Day
of each calendar month an analysis of the stock of each Product
known to such JDI Affiliate to have been lost or damaged during the
preceding calendar month (or other period agreed between such JDI
Affiliate and such Unilever Affiliate for such purpose) while under
the control of JDI or any of its Affiliates on behalf of the
relevant Unilever Affiliate; |
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(ii) |
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keep the
Unilever Affiliate in its Territory reasonably informed of any
information relating to sales of Products to Customers in the
Territory which may come to the attention of JDI or the JDI
Affiliate in such Territory and which may assist or prejudice the
Unilever Parties and their respective Affiliates in developing the
market for the Products in such Territory including, without
limitation, trading conditions, trading terms and methods of
business in the Territories, in each such case to the extent such
information is publicly available or otherwise generally available
to participants in the same industry as the Unilever Parties and
JDI; |
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(iii) |
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keep the
Unilever Affiliate in its Territory regularly informed of all new
and material regulations affecting the promotion, distribution and
sale of the Products in or into such Territory; provided that any
breach of this provision by any JDI Affiliate shall not prejudice
such JDI Affiliate’s or JDI’s right to indemnification
hereunder in accordance with clause 16.2 ;
and |
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(iv) |
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permit the Unilever Affiliate in its Territory and its
Representatives to have reasonable access to and inspect and/or
copy the books and records of the relevant JDI Affiliate and things
material to the promotion and sale of the Products to the extent
that such access, inspection and copies are reasonably required by
such Unilever Affiliate to verify the JDI Affiliate’s
compliance with this agreement. The JDI Affiliate shall afford such
access upon reasonable advance notice and during normal business
hours and the Unilever Affiliate shall be solely responsible for
any costs or expenses incurred by it or its Representatives
pursuant to this clause. |
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(C) |
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Without prejudice to the generality of sub-clauses
(A) and (B) , each JDI Affiliate shall: |
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(i) |
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save to the extent that the relevant JDI Affiliate may have
agreed to the contrary with the Unilever Affiliate in its
Territory, submit to such Unilever Affiliate on or before the 20th
day in each calendar month a detailed good faith forecast of sales
and stock requirements of the Products anticipated for the next
three month period (having regard to sales made and stock held)
which shall be as accurate as is reasonably possible (such Unilever
Affiliate acknowledging, however, that such forecast is a
prediction of a future event and therefore will not necessarily be
indicative of JDI’s or any JDI Affiliate’s actual
future performance and that (save that the same was made in good
faith) no representation is made or intended with respect to any
such forecast); |
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(ii) |
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submit to the Unilever Affiliate in its Territory in each year
reports on the following matters at the following
times: |
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(A) |
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in June and
December each year, the advertising and promotional activities
which (consistently with clause 5 ) it will carry out as an
agent hereunder in the six months following fifteen days after the
date of each report; |
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(B) |
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in July and
January each year, the trend of demand for the Products for the
six-month periods ending 30th June and 31st December
respectively for such year, together with a commentary on then
prevailing trading conditions for the six-month periods ending
30th June and 31st December respectively for such year;
and |
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(C) |
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in July and
January each year, the status of all key Customer accounts in such
JDI Affiliate’s Territory; |
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(iii) |
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provide within a reasonable period of time after a request by
the Unilever Affiliate in its Territory the name, address and any
other reasonable details of any current Customer; |
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(iv) |
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without prejudice to the generality of the foregoing, send to
the Unilever Affiliate in its Territory upon reasonable request
such details of present and future sales of Products and other
statistical information and forecasts as such Unilever Affiliate
may reasonably require for budgetary purposes and for programming
future production; |
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(v) |
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submit to the Unilever Affiliate in its Territory all
complaints known by it relating to the Products together with all
available evidence and other information relating thereto and
forward to such Unilever Affiliate for examination representative
samples of the Products in respect of which complaints are made
together with full identification of such Products including
product references and numbers; |
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(vi) |
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promptly notify the Unilever Affiliate in any relevant
Territory of any suspected infringement of, passing off or unfair
competition in relation to any Trade Mark of which in each case
they become aware; |
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(vii) |
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without prejudice to any of the other provisions of this
agreement, forthwith following any such event, advise the Unilever
Affiliate in its Territory in writing of any “change of
control” for the purpose of clause 11.2(A) or
(B) ; |
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(viii) |
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inform the Unilever Affiliate in its Territory within a
reasonable period of time, should it anticipate a volume of sales
of any of the Products lower by 10% or more than the volume
forecasted pursuant to clause 6.3(C)(i) for that Product;
and |
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(ix) |
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otherwise provide to the Unilever Affiliate in its Territory on
request all other information whatsoever relating to the
performance by it of each JDI Affiliate’s obligations under
this agreement or to the promotion and sale of the Products, as may
be agreed in writing from time to time between the Unilever
Affiliate and the JDI Affiliate in such Territory to facilitate the
smooth operation of this agreement and the promotion and sale of
the Products. |
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| 6.4 |
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Payments |
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Subject to any set-off permitted by clause 5.5 in
settlement of an invoice relating to advertising and promotional
costs and expenses consistent with any applicable Budget or
clause 5.17 or 8.3 in settlement of an invoice relating to
the Agency Fee, the JDI Affiliate in each Territory shall pay to
the Unilever Affiliate in such Territory an amount equal to the
aggregate of the full amount of the Net Proceeds of Sale in such
Territory for each Base Month and amounts in respect of VAT, sales
tax or duty payable by Customers in respect of the sales and the
provision of after-sales services and customer care to which such
Net Proceeds of Sale relate, by the end of each corresponding
Payment Period, together with an amount equal to the full value (if
any and as notified by way of a debit note) of all stock known by
the relevant JDI Affiliate to be lost or damaged in such Territory
while under the control of JDI or any of its Affiliates during each
such Base Month (other than as provided in clause 7.5
herein and where JDI or the relevant JDI Affiliate can show that
such loss or damage was not due to the negligence or wilful default
of itself or any of its Affiliates). To the extent that the amount
paid by a JDI Affiliate to a Unilever Affiliate under this clause
or under clause 12.1(E) in respect of the Net Proceeds of
Sale in such Territory for each Base Month and amounts in respect
of VAT, sales tax or duty payable by customers in respect of the
sales and the provision of after-sales services and customer care
to which such Net Proceeds of Sale relate (after taking account of
any offset pursuant to clause 8.4 below) exceeds the
amounts actually received by the relevant JDI Affiliate in respect
of such Net Proceeds of Sale and amounts in respect of VAT, sales
tax or duty prior to the date of payment, it shall constitute a
working capital advance by the relevant JDI Affiliate to the
relevant Unilever Affiliate. Such working capital advance shall be
deemed to be repaid on each date on which the relevant JDI
Affiliate recovers sums in respect of such Net Proceeds of Sale and
amounts in respect of VAT, sales tax or duty after that date but
before the date falling 12 calendar months from the last day of the
relevant Base Month and retains such sums pursuant to clause
9.4 below. |
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| 6.5 |
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Staff and Resource |
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Each JDI Affiliate shall have premises, suitably qualified and
competent personnel, administrative facilities and other resources
adequate for the performance of its obligations under this
agreement. |
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| 6.6 |
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Due Diligence |
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(A) |
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The JDI Affiliate in each Territory shall: |
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(i) |
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make such calls upon Customers in the Territory for the purpose
of promoting the Products as JDI or the applicable JDI Affiliate
deems fit; and |
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(ii) |
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attend such trade exhibitions, commercial and technical
presentations and other sales outlets in the Territory during a
given calendar year as it and the relevant Unilever Affiliate shall
have previously and mutually agreed in writing at the beginning of
such year, in each such case in a commercially reasonable manner
and consistent with the promotional strategy (if any) determined
for such Territory in accordance with clause 5.3
. |
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(B) |
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Each JDI Affiliate shall advise the relevant Unilever Affiliate
in writing at least two months (or otherwise as soon as reasonably
practicable) before attending any trade exhibition, commercial or
technical presentation or other sales outlet in accordance with
sub-clause (A)(ii) above where such Unilever Affiliate is or
will be required to provide promotional items or demonstration
equipment for such exhibition or presentation save that, where no
such items or equipment are required, the period for giving such
written advice shall be reduced to 14 days. |
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| 6.7 |
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Prohibitions |
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Neither JDI nor any of its Affiliates shall, without the prior
written consent of the Unilever Affiliate in any relevant
Territory: |
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(A) |
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procure Customers for any products of the Unilever Affiliates
which are not Products or actively solicit purchasers of any
Products who are not Customers; or |
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(B) |
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whether in connection with the sale of any Product or otherwise
in fulfilment of its obligations under this agreement, enter into
any contract or offer any warranty on terms which are inconsistent
with those terms of business provided in writing by or on behalf of
the relevant Unilever Affiliate to the relevant JDI Affiliate;
or |
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(C) |
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make any delivery commitment to a purchaser or potential
purchaser with respect to a Product which is inconsistent with any
applicable terms of business complying with sub-clause (B)
above or which the Unilever Parties or any relevant Affiliate
of the Unilever Parties have notified that they will be unable to
fulfil. |
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| 6.8 |
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Licences |
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(A) |
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Except as provided in clauses 6.8(B) and 7.7 ,
the JDI Affiliate in each Territory shall use reasonable endeavours
to obtain and maintain in force on behalf of itself as agent for
the relevant Unilever Affiliate all licences, consents and
approvals (“Licences”) of any governmental or
quasi-governmental or other regulatory authority as may be required
in connection with the storage, promotion and sale of the Products
by the JDI Affiliate in the Territory in fulfilment of its
obligations hereunder, and the costs of obtaining and maintaining
all such Licences shall be for such JDI Affiliate’s account.
The Unilever Affiliate in such Territory shall provide all such
information and technical support as the relevant JDI Affiliate may
from time to time reasonably request in connection with the
obtaining and maintaining in force of any such Licence. Upon its
becoming aware of the same, the JDI Affiliate shall promptly notify
the relevant Unilever Affiliate that a Licence has not been granted
or that a Licence has been withdrawn and shall take (at the
relevant Unilever Affiliate’s expense) any lawful action that
such Unilever Affiliate may require it to take in relation to the
refused or withdrawn Licence. |
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(B) |
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Without limitation of clause 7.7 and except as otherwise
expressly provided in this clause 6.8(B) , the Unilever
Affiliate in each Territory shall use reasonable endeavours to
obtain and maintain in force on behalf of such Unilever Affiliate
all licences, consents or permits for those things endemic to the
Products themselves, such as those related to the formulations and
labelling of Products (the “Product Licences”). The JDI
Affiliate in such Territory shall provide all such information and
technical and regulatory support as such Unilever Affiliate may
from time to time reasonably request in connection with the
obtaining and maintaining in force of any such Product Licence,
provided that such support shall not cause such JDI Affiliate to
incur unreasonable expenses. The costs of obtaining and maintaining
the Product Licences that were obtained, held or maintained by any
Company or Asset Seller for purposes of selling, storing or
promoting Products in such Territory on or prior to the Closing
Date (or the date of any Delayed Closing, as the case may be), and
which were transferred to JDI or the Designated Buyer at or after
Closing (or any Delayed Closing, as the case may be), shall be for
the account of JDI (on behalf of itself and each relevant JDI
Affiliate). The costs of obtaining and maintaining Product Licences
which were not transferred to JDI or the Designated Buyer at or
after Closing (or any Delayed Closing, as the case may be) shall be
for the account of the Unilever Parties (on behalf of themselves
and each relevant Unilever Affiliate) and paid for by the Unilever
Parties (on behalf of themselves and each relevant Unilever
Affiliate) promptly upon invoice. JDI and each JDI Affiliate shall
be entitled to deduct from amounts payable by JDI or such JDI
Affiliate to the Unilever Parties or any Unilever Affiliate
hereunder any amounts payable by the Unilever Parties or any
Unilever Affiliate pursuant to this clause 6.8(B)
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Notwithstanding any other provision herein, the JDI Affiliate
shall be under no obligation to fulfil any of its obligations under
this Agreement to the extent it is unable, under Applicable Laws,
to do so due to the lack of having any Licence or the failure by
the Unilever Parties to obtain or maintain any Product
Licence. |
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(C) |
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The JDI Affiliate in each Territory shall, upon the reasonable
request of the Unilever Affiliate in such Territory made in the
ordinary course of business, co-operate with and assist such
Unilever Affiliate in understanding compliance matters relating to
the packaging and labelling of products, materials handling, pack
sizes and pack design in that Territory. |
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| 6.9 |
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Title to Goods |
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Title to goods (including, without limitation, all Products)
made available by the Unilever Affiliate in any Territory to any
JDI Affiliate under this agreement shall, unless otherwise agreed
in writing, remain vested in such Unilever Affiliate until the
later of the sale of such goods to a Customer and the time at which
title to such goods is expressed to pass in any applicable
retention of title clause or other terms and conditions of sale.
For the avoidance of doubt, no title to any such goods shall,
unless otherwise agreed in writing, pass to JDI or any of its
Affiliates. |
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| 6.10 |
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Insurance |
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(A) |
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JDI and each JDI Affiliate confirm that it has made appropriate
insurance arrangements (including, where applicable, through
appropriate levels of self-insurance) in relation to any liability
it may incur under this agreement. Each such JDI Affiliate shall
also procure that, to the extent practicable, the interest of the
Unilever Parties and their respective Affiliates are noted in any
such insurance policies relating to stock held on behalf of any
relevant Unilever Affiliate. |
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(B) |
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The Unilever Parties and each Unilever Affiliate confirm that
they have made appropriate insurance arrangements (including, where
applicable, through appropriate levels of self-insurance) in
relation to any liability they may incur in respect of the Products
or product liability under this agreement. |
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| 6.11 |
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Delegation |
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Neither JDI nor any of its Affiliates shall delegate any duties
or obligations arising under this agreement otherwise than as
expressly permitted under its terms. For the avoidance of doubt,
this clause shall not require the termination of any relevant
delegated authority in existence prior to the date of this
agreement which is to continue on and after such date. |
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| 6.12 |
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Description as Agents |
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Neither JDI nor any of its Affiliates shall describe itself as
agent or representative of the Unilever Parties or any of their
respective Affiliates otherwise than in relation to the promotion
and sale of the Products and in a manner consistent with this
agreement. |
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| 6.13 |
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Not to modify or tamper with Products |
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The JDI Affiliates shall sell the Products in the same
condition as that in which they receive them on behalf of the
Unilever Affiliates and shall not modify, alter, remove or tamper
with them or any markings or name plates or indications of source
or origin on them or any packaging supplied by any of the Unilever
Affiliates; provided, however, that JDI and the JDI Affiliates may
put such additional labels or markings on these Products or on any
packaging supplied by any of the Unilever Affiliates for the
Products as is necessary in order for JDI or such JDI Affiliates to
comply with their obligations under any applicable law or
regulation. |
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| 6.14 |
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Stock |
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The JDI Affiliate in each Territory shall (save where it is
unable to do so from time to time because the relevant Unilever
Affiliate has not complied with clause 7.5
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(A) |
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maintain minimum stock levels on behalf of the Unilever
Affiliate in such Territory (as agreed between such JDI Affiliate
and such Unilever Affiliate from time to time based on forecast
requirements for the Products and with a view to enabling such JDI
Affiliate to meet its obligations under this agreement) at all
times during the term of this agreement; |
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(B) |
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accept orders on behalf of the Unilever Affiliate in such
Territory and settle all such orders out of stock held by such JDI
Affiliate on behalf of such Unilever Affiliate; |
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(C) |
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to the extent practicable, hold stocks of the Products
separately from any other stock or other inventory held by or on
behalf of such JDI Affiliate and mar |
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