berch of agreement

Sir,

Regarding your Query, the relevant sections that will be applied under the purview of Indian Contract Act, 1872 are-

1. Section 73- Compensation for loss or damage caused by breach of contract

2. Section 74- Compensation for Breach of Contract where penalty Stipulated for.

3. Section 75- Party rightfully rescinding contract, entitled to compensation.

I hope this answers your Query.

Dear Querist,

Such agreements between sellers and resellers are dealt under Competition Act, 2002. Sec.3(4)(c) talks about Exclusive Supply Agreements, where the supplier can only sell his products to one reseller to sell the products in a particular territory. 

Sec.4(1) also talks about such agreements, prohibiting an enterprise or group from abusing its dominant position.

Regards,

Palak