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How to ensure your interest as Middle man
Post 22 of 114
Replying to [Vocow]:Well, it is also depanding on the amount in your deal. Of course , you can sign all sorts of NCND, contracts, etc. But at the end of the day is your relationship with your supplier. If the deal is huge amount , you have to engage a lawyer to be on the save side. So, that boil down to the contract sum again whether your profit is enough to cover the lawyer fees, which is varies.
19 Mar 2008 02:28
Post 23 of 114
Replying to [Katherine Cao]:[em16] yes, i think this is the best simpler way. [em17]
19 Mar 2008 02:53
Post 24 of 114
Honest Adviser
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Replying to [Katherine Cao]:
The way I see it, every business is based on trust, so if you are a middleman, you first of all protect yourself with a small but uncomplicated agency agreement that spells out the commission payable to you, for the territory you are covering, for the products you are representing, for a specified period, and how mark-ups above a certain level will be handled. Setting out the territory is important so that any deals made by the foreign supplier within your territory will ensure that you also get the commission paid to you, whether you directly participated in the deal or not. Finally, add a termination clause to compensate you with something should the foreign supplier decide to terminate the agency agreement before its expiration. I believe this is the best route to go, instead of the complications of a transferable L/C which might not be possible in situations where there is very tight foreign exchange controls and an L/C cannot be opened to a local company as beneficiary, and sometimes the full L/C amount must be shown on the shipping documents. Now, the first thing you understand in business is that you should not do business with anybody who is not willing to first sign a proper agreement with you and guarantee to pay you your share of any commission or profit.
19 Mar 2008 06:43
Post 25 of 114
Quoting from [Vocow]:

Before entering into the contract you might have put an agreement with both the buyer and seller your role as an agent with commission:


It is not too late : establish your commission, your work and the demarkation to do your job:


SIGNATURE:
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We are one of leading exporters and buying agents for textiles&clothing for the past 25 years and stationed at the knitcity-tirupur.We are having 50 exporters in our fold and manufacturing all the knitwear it... More

19 Mar 2008 07:08
Post 26 of 114
Silverdeisgn
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I like to know also
19 Mar 2008 07:22
Post 27 of 114
divyajit
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Overall Ranking MVP:2 Rank:1,819,043
Replying to [Vocow]: fdgd fdgfd fghs ghsgohgf gohgfpohg sgoph
19 Mar 2008 09:52
Post 28 of 114
Replying to [Vocow]:[em2]
Your problems are exactly like mine.However i got them both to agree to give me 5% each and am cool.
Since we are in the same line of business pls lets do business together Tel +2348033325494 or mail candidenterprises@gmail.com
[em18]
19 Mar 2008 11:22
Post 29 of 114
Dear Sir, I myself am trying to do exactly what you are doing with malaysia, i have an idea, i have a company, globalecorrelate. inform your clients youre purchasing from me, ill list price higher than thbey get through you and that prob is solved. however. i would like to do what youre doing. please respond, my phone is usa 1 513-375-2080 ,,please leave a message if im unavailable.

Sincerely, Mark McGrath mp.m@live.com alternate email
19 Mar 2008 12:06
Post 30 of 114
Replying to [Honest Adviser]: I totally agreed with you. I'm just graduated from university, and sometimes I'm a little simple and naive. Your suggestion is professional and experienced. Thank you.[em1]
19 Mar 2008 19:25
Post 31 of 114
Replying to [Vocow]:In my opinion, I think it's not very proper for you to get involved since you don't familiar with either of the party. As an agent, you should know them, and ensure the safety of the dealing for your reputation. Or you can signed agreement with both buyer and supplier to stipulate the duty and right in detail. Wish you good luck![em1]
19 Mar 2008 19:36
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