EXHIBIT 10(iv)
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Dealer/Contractor Agreement
Introduction
We are pleased to offer you the opportunity to establish yourself as an
authorized dealer or Contractor for SLS products under the terms of this
agreement. We feel this agreement reflects the concepts of service to the
customer that are essential to both of us for long-term success.
SLS manufactures high-quality loudspeakers that are crafted to high standards to
produce the finest sound available. Maintaining customer confidence in the
products and service of SLS is utmost important and we rely on our
dealer/contractors to convey that commitment to the customers. With this in
mind, SLS and the Dealer or Contractor have agreed as follows:
1. Best Efforts. The Dealer or Contractor shall use his best efforts to
promote and advertise the SLS products to secure the sales of the product and
the customer satisfaction.
2. Sales Personnel. Each Dealer or Contractor will be staffed with competent
sales personnel who are familiar with the SLS line and the specifications and
technical advantages of the loudspeakers.
3. Dealer Displays. The Dealer will maintain adequate displays of the SLS
products and will be easily accessible and can be viewed upon entering the
location.
4. Dealer Promotional Materials. The Dealer shall maintain an adequate stock of
SLS specification sheets and other sales literature sufficient to meet the
expected traffic in each location and copies will be available for the customer
at their request.
5. Inventory.
--The Dealer shall maintain at least two loudspeakers for visible display
and an adequate stock in inventory for immediate delivery to purchasers. The
number in inventory will be determined based upon adequate and anticipated sales
as discussed with SLS. Goods will not be drop shipped to customers unless
previously arranged with SLS.
--The Contractor highly recommended to maintain at least two loudspeakers
for demonstration purposes for potential customers although it is not required.
6. Dealer Resale Prices. The Dealer or Contractor recognizes that the cost of
doing business requires some control over the selling price, and in that regard,
SLS will allow the dealer to establish end pricing with consideration of the
"Suggested User Price" as provided by SLS.
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7. Dealer Annual Dollar Sales. Each Dealer is understood to be capable of
producing sales of SLS products in excess of $_______ annually. This is
understood to be a minimal amount and is intended to allow a lower level for new
dealers, and sales above this amount should be expected. Volumes less than this
amount for established Dealers would be cause for reconsideration of continuing
as a Dealer for SLS products.
8. Prohibited Sales. The Dealer or Contractor shall not sell or transfer SLS
Products to any person or entity for resale without the written consent of SLS.
9. SLS Sales to Dealers. SLS will do its utmost to design and manufacture
products to highest quality standards and it will sell new, unused products only
to dealers with the exception of sales to sound contractors and any other entity
which is deemed not to compete with the established Dealers by SLS.
10. Prices. The price charged to Dealers/Contractors will be established by
SLS and changes or additions will be communicated with fifteen (15) days notice.
11. Purchase Orders. The Dealer or Contractor should provide SLS with written
purchase orders for all products with ample lead time to be filled.
12. Returned Goods. The Dealer or Contractor will not return goods deemed to
be damaged or defective without the authorization from SLS.
13. Termination. This agreement may be terminated without cause with thirty
(30) days notice from the terminating party to the other party.
14. Territory. No exclusive territory will be assigned by SLS however due
consideration of the territorial boundaries for each Dealer or Contractor will
be considered by SLS when assigning new Dealers or Contractors in close
proximity.
15. Dealer Commitment. The Dealer or Contractor has read, examined and
reviewed this document and agrees with the terms as stated. His willingness to
make a commitment to SLS and to the end-user of SLS products is indicated by his
signature below.
___________________________ ______________________________
Dealer or Contractor Date SLS Representative Date
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