Dear
How are you doing? I just got home from work, i had a busy day at work due to some orders we got. By the way, you know, we have other health end products that my company produces and supplies to some wholesalers in Germany and other parts of the third world after production, so I was busy today documenting all orders from our wholesale customers making sure they get their order on time. That's by the way my dear.
I have been able to draft and sign the memorandum of understanding as we discussed in the previous email. I attached it to this email. I would be most grateful if you could please sign and return on time.
Meanwhile I have good news, the Human Resources Department and the Chief Procurement Officer read the bid/proposal that I submitted on your behalf, they are happy with the discount offered.
I will direct you accordingly with progress after I receive your signed copy.
Waiting for your reply accordingly.
Regards
Cheng
Text from the attached PDF file:
Memorandum of Understanding (MOU) Agreement
This Memorandum of Understanding (the “Agreement”) is entered into on this 26th day of
January 2023 by and between cheng Yong lim of Covance Laboratories Ltd ., 14 Lower
Darkley Rd, Tassagh, Armagh BT60 2PD,United Kingdom.(herein known as “Party A”) and
. herein known as
“Party B”), both of whom agree to be bound by this Agreement.
WHEREAS, the PARTY A and the PARTY B desire to enter into an arrangement whereby both
parties have resolved to work together as partners and share together the profits realized
from closing of a business supply deal introduced to Party B according to the terms and
conditions herein.
NOW, THEREFORE, in consideration of the mutual Agreement and promises made by the
parties hereto, the PARTY A and the PARTY B(s) (individually, each as a “Party” and
collectively, the “Parties”) agree as follows:
• TERM. This Agreement shall last from the date of execution until terminated by
written notice by either party.
• That Party A shall provide classified privilege information regarding that will aid
the success of this transaction.
• RESPONSIBILITIES OF PARTY B. In consideration for the profit sharing granted
herein, the PARTY B shall perform the following duties:
• Represent the interest of both Parties
• Shall be introduced to act as a Supply/Purchase Contractor to Covance
Laboratories Ltd
• Shall receive all payments due for supply of products on behalf of both Parties
and other prospecting duties with regard to provision of receiving account and
disbursement of Party A's share of the profits to his designate bank accounts;
• Completing of paperwork as needed for closing of supply contracts to Covance
Laboratories Ltd; and
• Performing other duties and services such as may be assigned by Covance
Laboratories Ltd. to accomplish the aims of this Agreement in the time, place,
and manner deemed appropriate by the PARTY A.
• SHARING RATIO. In consideration for the duties performed hereunder, that both
PARTIES shall be entitled to 80% to Party B and 20% to Party A from the total
funds earned as profits from the Supply of the Product to Covance Laboratories
Ltd.
• INDEPENDENT CONTRACTOR. The Parties agree that Party B shall be considered
as an independent contractor/supply and not agents or employees of the other
Party A. Neither Party shall have authority to make any statements,
representations or commitments of any kind, nor to take any action which shall
be binding on the other Party, except as may be expressly provided for herein or
authorized in writing.
• CONFIDENTIALITY. The PARTY B shall not, in any fashion, form, or manner, either
directly or indirectly:
• Disclose or communicate to any party any information relating to the PARTY A’s
proposal to him (the “Confidential Information”);
• Duplicate any Confidential information;
• Use any Confidential Information other than solely for the benefit of business
transaction that will benefit both parties; or
• Assist a third party in using any Confidential Information in any manner but solely
for the benefit of this transaction.
• NO MODIFICATION UNLESS IN WRITING. No modification of this Agreement shall
be valid unless in writing and agreed upon by both Parties.
• ENTIRE AGREEMENT. This Agreement represents the full understanding of the
Parties and shall supersede all previous oral or written agreements regarding the
subject matter herein.
IN WITNESS WHEREOF, each of the Parties has executed this Agreement, both Parties by it’s
duly ourselves, as of the day and year set forth below.
cheng Yong lim (Party A)
(Party B)
__________________________
_________________________
Date 26th January 2023 and Signature Date and Signature