Decision on canceling the agency right of "Shenzhen Wenzhitian Automation Equipment Co., Ltd."！

Decision on canceling the agency right of "Shenzhen Wenzhitian Automation Equipment Co., Ltd."
Party A: Changchun Rongde Optical Co., Ltd.
Party B: Shenzhen Wenzhitian Automation Equipment Co., Ltd.
On January 1, 2018, Party A and Party B signed an authorized agency sales agreement. Party B sells the encoder of Party A. The validity period is yin, that is, from January 1, 2018 to December 31, 2018.
Article 3.2 of Article 3 of this Agreement clearly stipulates: “Party B shall not enjoy exclusive agency rights, that is, it shall not operate similar products that have competition and competition with Party A, and once it is found that the agent qualification is cancelled”.
The refund of 12.3 in Article 12 of this Agreement clearly stipulates: “When Party B can only sell the brand authorized by Party A in the same kind of products, if Party B discovers the brand of similar products of other companies, Party A can terminate the agreement and directly drive away. For the business activities such as publicity, sales promotion and other activities in the region, Party B shall pay all the goods that Party A has shipped within 10 days, and pay the contractual liquidated damages of RMB 100,000 to Party A.
Party B took the handwheel of “Guangzhou Nordian Technology Co., Ltd.” to the customer who used Party A's handwheel at a low price. This behavior is a serious violation of the above terms of the Authorized Agent Agreement.
Therefore, Changchun Rongde Optical Co., Ltd. decided to cancel the agent rights of “Shenzhen Wenzhitian Automation Equipment Co., Ltd.” and posted the news on the Internet.
According to the agreement, Party B shall provide loans of RMB 59,915 and loans for November and December of 2018: RMB 11,820, and the total amount payable is RMB 71,736. Pay in 10 days.
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