SERVICES

This information defines the services we (Agent) provide to our users (Principals). It also outlines other important things you might wish to know.

We, Joint Stock Company ACADEMIC FINANCE COMPANY, having office address at Kostomarovsky lane, 3/12, 105120, Moscow, Russia are willing to undertake such services and to provide the results to our users.

1.    SCOPE OF OUR SERVICES

1.1 The Agent shall undertake in the interests of the Principal to search globally for buyers (hereinafter referred to as the “Buyers”) of the Principal’s products.

1.2 The Principal’s products (hereinafter referred to as the “Products”) are understood to mean goods which belong to the Principal and specified in Appendix.

1.3 The Agent may not act on behalf of the Principal (to negotiate and sign any documents, represent himself as an Agent or any other branch of the Principal’s company, as well as a member of the Principal’s company, an authorized person, etc.). The Principal will contract directly with the Buyers about the Products, and the Agent will not be a Party to that contract.

2.    OBLIGATIONS

2.1 The Parties mutually undertake to closely coordinate their activities in the interests of each other. Notwithstanding the foregoing, neither Party is authorized to issue declarations or commitments on behalf of the other Party, to receive payments for the other Party or to commit the other Party to providing a service to the Sellers.

2.2 Each Party has the sole obligation to supervise, manage, contract, direct, procure, perform or cause to be performed its own respective obligations set forth in this Agreement, except as otherwise agreed upon in writing by the Parties. Neither Party is authorized to assume or create any obligation on behalf of, or in the name of, the other Party.

2.3 This Agreement in no way limits the right of either Party to offer or perform the Principal or the Agent to their existing or potential clients. For the avoidance of doubt, subject always to observing their respective obligations of confidentiality, each Party may collaborate independently with any third party outside of this Agreement.

3.    PRINCIPAL

3.1 The Principal has a right to:

  • request the Agent’s report on fulfillment of its obligations regarding the Products assigned by the present Agreement;
  • carry out direct selling of the Products to the Buyers.

3.2 The Principal engages to:

  • name the Agent as the official agent of the Principal;
  • provide the Agent with any technical and consulting support for the Products.

4.    AGENT

4.1 The Agent has a right to:

  • add its name as the official agent of the Principal to its any essential elements;
  • demand and receive any necessary information;
  • use trademarks in advertising campaigns for the Products and for other purposes;
  • provide the Buyers with information about the Products.

4.2 The Agent engages to:

  • bring into effect advertising activities targeted to searching for the Buyers and informing the Buyers about the Products;
  • carry out any necessary interaction with the Buyers and perform other legal actions which contribute to the conclusion of agreements between the Principal and the Buyers, and build long-term relations between them.