If any company has decided to appoint anyone as a principal-agent or broker, they must send an appointment letter. Here these types of letters are not too complex, but every company or organization wants some sample template regarding any kind of appointment letter to deliver it in an easy way.
Here we have included some sample letters regarding an appointment letter for a broker. Here you can easily use our format for your help.
Letter Template: 1
DATE: DD/MM/YYYY
Mr. XXX
Subject: Appointment as principal agent
Dear Sir,
Concerning the quotations received for the distribution of cotton fabric manufactured by our company, we inform you that you have been selected as the principal agent of the entire area.
The appointment is with effect from the 2nd of May with the initial period of 3 years. After that, the company shall assess the performance and increase the period further. The next appointment shall then be subject to the approval of the Board of Directors.
You shall be given the right to choose your sub-agents and commission agents. They shall not be directly dealing with the company. In the case of commission agents, you have the right to fix commission area-wise, be sure to inform the company.
As an exclusive agent, you will have all the rights and authority to sell the products either in cash or in credit, whichever you deem fit. In the case of credit purchases, the risk shall be yours, and you will have the sole responsibility of collecting the money from creditors.
The company is endorsing the agreement with this appointment letter. You are requested to sign one copy and send the other back to us.
Thank you, and we look forward to being in business with you.
Yours Sincerely,
XYZ
Sr. Manager – Tenders
ABC Inc.
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