Business Development Agreement (India)
This template is a Business Development Agreement used between a company and a specialized business development consultant or advisor. It outlines the terms for market research, tender identification, and lead generation, specifically detailing a commission-based fee structure (percentage of contract value) payable only upon successful award of a contract.
Business Development Agreement
This agreement is made on this day at Delhi between:
M/s —————————————————————————————–, a company incorporated and having its office at ———————————through its ——————————————————————————
(Hereinafter referred to as the First Party)
AND
M/s——————————————————————————– (Hereinafter referred to as the Second Party)
Whereas the First party is a renowned company doing the business of ——————————————————————————————————–
Whereas the Second Party is a company engaged in the work of corporate advising and more specifically in the work of business development of various companies through its very specialized and highly skilled activities and services.
The parties have discussed the matter of business development for the First party and have agreed that the Second party shall take up the work of business development for the First party and have agreed to enter into a agreement for mutual benefits on following terms:
1. That the Second party shall take up the job of business development at its level on behalf of the First Party.
2. That the Second party shall use all the ways and means in this regard for the business development of the First Party at its own cost.
3. That the Second party shall gather all the information related to the sales, feedback, market search and quality enhancement of the products of the First party and shall take effective steps for business development for the First party.
4. That the Second party shall also gather all the detailed information relating to tenders issued by various departments, bodies, companies etc for the said product and shall forward the same to the First party and shall provide all possible support in this regard to the First party to procure the orders for its products. The Second party shall also provide all the relevant information in this regard to the First party which can be used for the bidding in the said tenders by the First party. The Second party will do all the activities relating to the successful bidding by the First party for the said tenders as and when required.
5. That the Second party has at present forwarded one specific lead with details to the First party regarding a tender floated by the————————————————————————————-. The Second party is providing all possible professional, advisory jobs in this regard with wide activities of field survey, technical survey, market survey etc which shall be very useful and beneficiary to the First party in determining the details of the said tender. The First party shall bid for the said tender and shall quotes the rates as per its own business consideration.
6. That the Second party shall be entitled to professional charges of ——% of the total contract value quoted by the First party in bid filed by it in the tender document. The Second party shall claim the said amount only in the event the said tender is awarded to the First party by the department.
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