Agency Agreement Page 5
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714.
Record Keeping
14.1. An agent shall keep and maintain in connection with his business
such books, records, accounts, and other documents as required
under the Contract of Service.
14.2. Any cheques, securities, policies, receipts books or other records
being in possession of the Agent shall be kept securely locked in a
suitable safe.
15.
Principles
An agent shall exercise due care,skill, and diligence in his business dealings
and shall deal fairly with all clients and maintain the highest standards of
integrity and discipline.
16.
Arbitration
All
disputes,
differences
or
questions
that
may
arise
regarding
the
implementation or interpretation of the agents agreement or the terms thereof,
shall be referred to the decision of an arbitrator to be appointed in writing by
the parties. The Arbitration laws of Kenya shall govern the arbitrator and the
award of the arbitration.
17.
Waiver
The delay or failure by the Agent to exercise any of its rights in any one
instance will not preclude it from exercising its rights at that time or at any
other rime
18.
Amendment
Amendments on the Contract shall be done in writing signed by the parties.
19.
Notices
Any notice made by either party to the other under or in connection with this
agreement shall be in writing and may be delivered personally or sent by mail,
fax, or other written means of communication to the relevant parties’ office. All
written notices shall be deemed received by the other party as follows-
(a)
If delivered personally on the next working day
(b)
If sent by post within 7 days from the date of posting
20.
The Services
The Agent shall perform its services in consideration of the payment of the
compensation as agreed, and which are in line with the Law and upon the
terms and conditions of the agreement.
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