Memorandum of Understanding (MOU)

Legal Framework for Sales Outsourcing Partnership

This MOU template outlines the comprehensive agreement between BUSD and our clients, ensuring data security, exclusivity, and clear terms of engagement.

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MEMORANDUM OF UNDERSTANDING

BETWEEN

The Client

AND

Bhartiye Udyam Sales Daggers (BUSD)

(hereinafter referred to as "the Service Provider")

Date: [To be filled at signing]

Preamble

This Memorandum of Understanding (MOU) outlines the agreement between the Client and the Service Provider to collaborate on a sales and lead conversion initiative. This document is specifically intended to establish a clear understanding regarding the exclusive use of the Client's data.

Purpose and Objectives

The Service Provider will be granted access to the Client's lead source platforms (e.g., IndiaMart, Trade India, Export India, etc.) to perform sales activities and convert leads exclusively for the Client.

The primary objective of this MOU is to guarantee that all leads and data obtained from the Client's platforms will be used solely for the purpose of generating sales and business for the Client.

Confidentiality and Data Security

1. Exclusive Use of Data:

The Service Provider acknowledges and agrees that all leads, contact information, and any other proprietary data accessed through the Client's platforms are the exclusive property of the Client. The Service Provider shall use this data solely for the benefit of the Client and for no other purpose.

2. No Cross-Selling:

The Service Provider explicitly agrees not to use any of the Client's lead data to solicit, market, or sell products or services for any other company, client, or entity.

3. Confidentiality:

All data shared by the Client, including leads and account information, shall be treated as strictly confidential. The Service Provider will take all reasonable measures to ensure the security and confidentiality of this data and will not disclose it to any third party without the Client's prior written consent.

Roles and Responsibilities

1. The Service Provider (BUSD) will:

  • Access the Client's designated lead source platforms
  • Attempt to convert leads into sales for the Client
  • Communicate with the Client on a regular basis to provide updates on sales activities
  • Maintain strict confidentiality of all client data
  • Use advanced sales techniques and technology for optimal conversion

2. The Client will:

  • Grant the Service Provider the necessary access to their lead platforms
  • Provide any required product information or pricing details needed to facilitate sales
  • Pay the agreed-upon commission to the Service Provider for successful conversions
  • Provide timely responses to Service Provider inquiries
  • Maintain product/service quality standards

Commission Structure

The Service Provider will be compensated on a commission-only basis for successful sales conversions. The specific commission percentage will be agreed upon between both parties and documented in a separate commission agreement.

  • No upfront fees or monthly charges
  • Commission paid only on confirmed sales
  • Payment terms: [To be specified]
  • Commission calculation method: [To be specified]

Term and Termination

This MOU will be effective from the date of signing. Either Party may terminate this agreement by providing 10 days written notice to the other Party.

Upon termination, the Service Provider will:

  • Immediately cease all access to the Client's platforms
  • Return or securely destroy all Client data and confidential information
  • Complete any ongoing transactions as per mutual agreement
  • Provide final reports on all activities conducted

Performance Metrics and Reporting

The Service Provider agrees to provide regular reports including:

  • Number of leads contacted
  • Conversion rates and sales achieved
  • Lead quality assessment
  • Monthly performance summaries
  • Recommendations for improvement

Dispute Resolution

Any disputes arising from this MOU will be resolved through:

  1. Direct negotiation between the parties
  2. Mediation by a mutually agreed mediator
  3. Arbitration under Indian Arbitration Laws
  4. Jurisdiction: Courts of New Delhi, India

Governing Law

This MOU shall be governed by and construed in accordance with the laws of India. The courts of New Delhi shall have exclusive jurisdiction over any disputes arising from this agreement.

Signatures

For the Client:

Name: _________________________

Title: _________________________

Company: _______________________

Date: __________________________

Signature: ______________________

For BUSD:

Name: Harsh

Title: Director

Company: Bhartiye Udyam Sales Daggers

Date: __________________________

Signature: ______________________

Contact Information

BUSD - Bhartiye Udyam Sales Daggers

197, Rajpur Khurd Extension,
Rajpur Khurd, New Delhi - 110068
India

Phone: +91 93103 18587
Email: harsh@busd.co.in