AUTHORIZATION LETTER Date:To,Mr. .
Dear Mr.,
We hereby appoint you as our facilitator for booking/
facilitating sale of spaces in our residential project Urban Young
situated at Plot No. TS-04 (G.H.-05, G.H.-04, G.H.-03, G.H.-02),
Sector 22D, Yamuna Expressway, Greater Noida on following terms and
conditions:1. Your appointment will be effective from the date of
execution of this letter and shall continue for period of 1 (one)
year, unless earlier terminated.2. You shall use your best endeavor
to develop business, promote sales and sell the spaces on behalf of
the Company.3. The sales shall be made at such prices as the
Company may establish from time to time. The rates prevailing at
the time of booking shall apply.4. For booking/facilitating sale/
leasing/ sub-leasing of spaces in said complex, you will use only
the application forms provided by Company for this purpose. All
persons who seek allotment of spaces in said project (i.e.,
intending buyers/ lessees/ sub-lessees) shall have to opt for any
of the payment plans offered by Company.5. The acceptance of sales
shall be subject to sole discretion of Company and if Company
rejects any booking, you will not be entitled to claim any benefit
or commission on account of offering such booking.6. You will
receive all payments from intending sub-lessees only through
cheques/drafts/pay orders issued only in the name of M/s Cosmic
Structures Limited payable at New Delhi.7. You will submit all
booking/ application forms along with relevant documents and
cheque/draft towards booking amount in the Company office within
twenty four hours of making the booking.8. You will be entitled to
fee/ commission @ ------------ (of the basic selling price) for the
sales made which shall be payable in following manner:
S. No.Down Payment Plan
Flexi Plan ConstructionLinked Plan
(i) 100% after realization of full basic Price 100% after
realization of full basic Price33% after realization of 10% ofBasic
Price
(ii)NA NA33% to be released upon receipt of 01st installment and
next 34% to be released upon receipt of 02nd installment.
9. All commissions payable to you shall be paid on the effective
basic price for allotment of spaces in said complex i.e., after
deduction/adjustment of all discounts and statutory levies &
taxes by whatever name.10. All commissions payable to you shall be
inclusive of all present and future taxes (including service tax)
as applicable on such commissions.11. All commissions payable to
you shall be paid within 7 working days of receipt of invoice by
the Company.12. Company shall not be liable to pay any interest on
the amount of commission including on the ground of delay in
payment thereof.13. In case the Company gives any discount to any
intending buyer(s) on your recommendation, Company shall be
entitled to adjust and/or deduct amount equivalent to such
discounts from the amounts/commissions payable to you.14. You may
at your own cost conduct marketing activities for making bookings
of spaces in said project. It is made clear that all
marketing/branding matter (in any medium, whatsoever) must be
approved by the Company prior to it being released to the general
public.15. This Authority Letter does not entitle you to enter into
negotiations, sign contracts or otherwise engage in activities on
Companys behalf.16. It is assumed that for all bookings submitted
by you, the customer has accepted to abide by the terms and
conditions of the Application Form and Builder Buyer Agreement. No
requests for change/ variation/ amendment in the Application Form/
Builder Buyer Agreement shall be entertained by the Company.17. The
Company reserves the right to terminate your appointment for any
reason whatsoever after serving one months advance notice.We
welcome and wish you a very successful career in our
organization.For Cosmic Structures Ltd.
Authorized Signatory
