Agency policy

I. GENERAL POLICIES ON AGENT DEVELOPMENT

• Build long-term partnerships based on a commitment to cooperation and shared goals.
• Cooperation is based on the benefit of both parties.
• Regularly sharing information and timely support.
• Policy to support fair and reasonable throughout the distribution channel.
• Commitment to maximally protect the interests of your agent against market fluctuations and competition.

II. FINANCIAL POLICY

1. Discount for periodical purchases:

• The agent is entitled to discount is the difference between the price provided by the agent and the sale price determined by the agent.
• Based on monthly sales, agents can also participate in the discount program on sales exclusively for agents of MEB.
• When reaching enough monthly sales according to the company’s regulations, your agent will enjoy a discount at a certain rate.
• This discount policy is independent and parallel with other business promotion or support programs from MEB for your agents.

1. Price policy, price protection:

Purchase price:

• Based on the result of the purchase and other cooperation commitments, your agent will be entitled to the price policy for the respective agent level.
• Price policy is designed to ensure competitiveness and maximum profit for your agents in the market.

Price protection:

• In case MEB reduces the selling price, agents are protected for the same type of goods that are in stock.
• The price protection is only applicable to items with receipt and warranty card from MEB within 30 days from the date of notification of the discount.

III. CONTRACT AND LIABILITY:

Contract: After the two parties sign the contract, the agent will be included in the list of incentives of MEB, enjoy policies for agents of MEB.

Purchase debt:

• Your agent shall set up a 1-year bank guarantee with the amount depending on the business needs and financial capacity of the agent.
• On that basis, your agent will be entitled to a credit limit with a maximum debt term of 30 days.
• Based on the results of cooperation and payment history, your agent will enjoy better preferential rates on credit and debt policy.

IV. SUPPORTING POLICIES

Support for PR – Marketing:

• Your agents are supported with catalogs, leaflets, banners, product samples … according to the company’s programs. Information about the agent will be advertised on the website system of MEB.
• Your agents are allowed to participate in all MEB promotions and sales promotion
• The agent is certified as an official agent of MEB
• Your agent is updated information about prices, information about goods, products, company policies, marketing programs, documents to promote sales.

Technical support, solutions:

• Your agent is given technical support by phone. Technical support will be directly on-site when required.
• Your agent can participate in periodic training courses on products, technology, and sales knowledge organized by MEB. Will be supported with private training if required.

V. REQUIREMENTS FOR AGENT

1. Send copies of the business license and tax code
2. Business plan and distribution of products and goods of MEB (estimated cost, direction of operation, expected future, …) or SWOT plan (Strengths, weaknesses, opportunities, and challenges ).
3. Commitment to sales quarterly so that based on that commitment the company will set a corresponding discount rate.
4. Achieve a minimum turnover of 50,000 USD for the first year.
5. For the remaining years, the turnover must not be less than 150% of the first year.
6. Do not let credit be broken (due but cannot be paid)