Agency Agreement
Page 7 of 11
6.5 Commission payments shall be paid inclusive of any value added
tax that may apply and that the Introducer must make their own
arrangements for the payment of their taxes or dues from their
commission payments.
6.6 In the event that the Introducer negotiates with a customer or client
through a current Introducer outside of the Territory, then the commission
due to each Introducer shall be 50% of the total due commissions.
6.7 BCS reserve the right to deduct any dues or unpaid monies or
clients funds that have not been passed over to BCS by the Introducer
from any commission that may become due to the Introducer.
7.0 TERMINATION
7.1 This Agreement shall terminate;
7.11 On the Expiry Date; or
7.12 If either Party gives 1 months written notice to the
other and that both parties mutually agree to its termination
7.2 This Agreement shall terminate forthwith upon service of written
notice to that effect in any of the following circumstances;
7.21 If either party fails to comply with the terms and
conditions of this Agreement;
7.22 If the other party ceases to be able to pay its debts in
the ordinary course of its business and enters into an
agreement with its creditors.
7.23 If the other party goes into liquidation either
compulsory or voluntarily or if a receiver is appointed in the
liquidation of its assets;
7.24 If a resolution is passed of the winding up of the other
party;
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