Page 29 - Past Presidents' Club Book 1

®2 The Xathvtal Supply and Machinery D ealers’ Association

Time being limited, the committee decided to adjourn their
meeting until November 1st, to be held at Cincinnati, Ohio.
The joint Committee meeting at Cincinnati unanimously
adopted the following, which was to be in the form of a contract
made by and between each manufacturer and the dealer:
“There was a joint meeting of the committee of the National
Supply & Machinery Dealers’ Association and of the National
Machine Tool Builders’ Association, held in Cincinnati Novem­
ber, 1st, and the unanimous joint action of the committee is em­
bodied in the following clauses:
1. “Party of the second part is to have the exclusive right
to sell the lathes manufactured by the party of the first part in

f>. "During the life of this contract, party of the first part
will not sell in the territory above allotted to party of the second
part, and agrees to refer all inquiries from such exclusive terri­
tory to the party of the second part. Should party of the first
part ship a lathe into the exclusive territory of the party of the
second part, then the party of the first part shall pay to the party
of the second part the regular commission on the agents’ price of
such lathe or lathes shipped.
“Party of the second part agrees to confine itself strictly to
the territory as named above, and not to accept orders for lathes,
or parts of lathes, made by party of the first part, for shipment
into territory other than its own, excepting with the written con­
sent of the party of the first part.
“Party of the first part is hereby given the right to charge
up to the account of party of the second part, a sum equal to the
regular commission on the agent’s cost price, on any lathe or
lathes, or parts of lathes, that the party of the second part ships
into territory above agreed to, o*r for any new lathe (made by
party of the first part) reshipped into territory other than its own,
and is hereby instructed to pay said amount to the agents into
whose territory the lathe or lathes, or parts of lathes, are installed,