Validity & Renewal

Initial validity of appointment is for three years, from the date of signing the agreement and for the freshers the dealership will be awarded to them for a period of 1 year based on their financial strength market capture capability etc,. the period of dealership will be extended by another 2 years based on their performance.

Renewal of dealership will be purely dependent upon the performance of dealer. Sterling has the right to renew the dealer ship or reject the renewal. Renewal of dealership will be in writing by Sterling Manufacturing Company.