The current Agency Agreements for Territorial Distributors and associated Retail Agency Agreements, most of which started on 1 Feb 2010, include a reference to the date of 31 Jan 2012. Some agents are questioning this date and we would like to provide clarity.
This is not the date on which the agreements expire. The agreements remain open ended with no fixed expiry date until they are terminated. The relevance of the date 31 Jan 2012 is that it is the earliest that a termination of the agreement by either party without cause could take effect. Beyond that date, the agreements remain in place until terminated by either of us in accordance with the terms of the agreement.
The notice period for termination without cause by you as the agent is 3 months, and for the publisher is 6 months. None of this affects rights to terminate with cause on less notice such as bankruptcy or material breach.
If you have any questions please do not hesitate to contact your HWT Area Manager or any of the managers listed below. We look forward to your continued support and wish you the very best for 2012.
Stephen Kaye-Circulation Director
Mike Webster – Circulation Operations Manager 9292 1223
David Ferriggi – Circulation Sales Manager 9292 1942
Alan Storey – Newsagency Administration Manager 9292 1485
VANA has discussed this communication with Herald and Weekly Times Management. VANA thanks HWT for clarifying the current roll over of Newsagents contracts.
Whilst obviously not giving Newsagents the certainty needed, it has taken for granted that when new contracts are issued, current contracts will be “terminated”.
VANA continues to meet with Herald and Weekly Times Management in an effect to encourage them to announce the long awaited changes to the distribution industry.
The Newsagency Industry deserves the certainty to allow it to invest into the future during this challenging times.
VANA will continue to keep you informed.
The VANA Team.