Direct Seller Contract Agreement
This agreement is agreed and accepted electronically & online by and between the executing parties (Hereinafter mentioned and referred to as Direct Seller and the Direct Selling Entity which expressions shall mean and include their respective legal heirs, assigns, successors, administrators, and undertakers).
Be known that this Contract agreement is executed and entered into in accordance with the provisions of India Contract Act and Consumer Protection (Direct Selling) Rules, 2021 (Hereinafter referred to as the Rules)
Whereas the Direct Seller has voluntarily out of his / her own accord, sweet will and without any coercion whatsoever, mental, or physical, offered to join the Direct Selling Network business of the Direct Selling Entity named M/s Globe Veda Wellness Private Limited also referred as “Globe Veda” (Registered under the Companies Act, 2013) having head office at Sector-C Near Siddhartha Palace, Patel Nagar Colony Neel Matha, Lucknow- 226002, Uttar Pradesh, India.
And whereas the Globe Veda is engaged in “Direct Selling business” which means marketing, distribution and sale of goods or providing of services through a network of Direct Seller as per its prescribed Marketing Plan (Which may be read as part and parcel of this agreement as the same is not being reproduced here for the sake of brevity) not falling under the pyramid or Money circulation scheme.
And whereas the Direct Seller named below along with his / her KYC particulars therein has, after being explained all the provisions of the said Globe Veda Marketing Plan, product details and the present E-contract Agreement in the vernacular language known to him by Shri ___________________ ID No. _______________, duly ascertained and satisfied by visiting the Globe Veda’s website www.myglobeveda.com, has voluntarily offered to join the business of the Globe Veda and resolved to enter into this E-contract agreement, hence this deed.
DEFINITION:
In this Contract
- "Direct Seller(s)" means a person authorized by a Direct Selling entity through a legally enforceable written contract to undertake Direct Selling business on principal-to-principal basis.
- “Direct Selling Entity” means the principal entity which sells or offer to sell goods or services through Direct Seller, but does not include an entity which is engaged in a pyramid scheme or money circulation scheme.
- “Network of Sellers” means a network of Direct Seller formed by a Direct Selling entity to sell goods or services for the purpose of receiving consideration solely from such sale.
NOW THEREFORE THIS DEED AGREEMENTS AS UNDER:
- The Direct Selling entity hereby agrees that it is fully compliant to the Consumer Protection Act, 2019, Consumer Protection (Direct Selling) Rules, 2021, Legal Metrology Act, 2009, E-commerce Rules, 2020 and all other Rules and laws applicable to an Indian Direct Selling Entity.
- The Direct Selling entity assures and the Direct Seller agrees:
- That this E-contract agreement has no provision that a Direct Seller will receive remuneration or incentive for the recruitment / enrolment only of new participants.
- That it does not require a participant to purchase goods or services for an amount that exceeds the amount for which such goods or services can be expected to be sold or resold to consumers.
- That it does not require a participant to pay any entry / registration fee / subscription fee, cost of sales demonstration equipment and materials or other fees relating to participation in the Globe Veda’s Direct Selling business.
- That it has ascertained from the Marketing Plan provided by the Globe Veda (The same may be read as part and parcel of this E-contract agreement as the same is not being reproduced here for the sake of brevity), the stipulated amount of any or all types of Incentives, rewards, etc. including financial and non-financial benefits payable to the Direct Seller are calculated only and only on the basis of effective sale, marketing and distribution of products and in no way on the basis of recruiting / sponsoring / introducing another Direct Seller.
- Cooling Off Policy:
- That the Globe Veda allows or provides to the Direct Seller herein a reasonable cooling off period in accordance with clause 3 (b) of the Rules, of the said Rules undertake to provide a newly registered Direct Seller a cooling off period of 30 days effective from the date of signing and execution of the contract agreement by him / her while registering as Direct Seller with us wherein the said Direct Seller can cancel the contract agreement without resulting in any breach of contract or levy of penalty.
- That if such Direct Seller receive any form of compensation from the Globe Veda during this Cooling Off period, they are obligated to repay the corresponding amount to the Globe Veda. This repayment should be accompanied by a formal repudiation letter. The repayment can be made through methods like cash, cheque, demand draft (DD), NEFT, RTGS, and so on.
- That if the Globe Veda collects any fees, which may include training fees, franchise fees, fees for promotional materials, or any other fees, and if the Direct Seller decides to return all goods received at the time of joining, they have the entitlement to receive those fees back from the Globe Veda. In this scenario, the Globe Veda bears the responsibility of reimbursing these fees. This reimbursement will be made to the Direct Seller through methods like cash, cheque, demand draft (DD), NEFT, RTGS, or Net Banking. Applicable taxes such as TDS and GST will be adjusted, and the repayment will be accompanied by an appropriate repudiation letter.
- Buyback Policy: The Globe Veda provides buyback guarantee to every Direct Seller on the following terms:
- If the product is in marketable* condition and is returned within 30 days of receipt of goods accompanied by the original invoice, 100% of the amount as refund will be given.
- If the product is in Unmarketable** condition and is returned within 30 days of receipt of goods no refund will be given.
- *Marketable* refers to products that are unused, sealed, and undamaged, not expired, not sessional, discontinued, or special promotional product or services.
- The Globe Veda commits to offering a warranty for the products it sells. Direct Seller has the option to request an exchange or return of a product within 30 days of purchase if they identify any manufacturing defect or if the purchased product is of sub quality. To initiate an exchange or refund process, the Direct Seller should present the original invoice, along with their identity proof and address proof, to Globe Veda. This documentation will be required for verification purposes.
- That the Direct Seller herein agrees that the Globe Veda has established a “Grievance Redressal Mechanism” for Direct Seller to redress their grievances and complaints, annexed herewith which may be read as part and parcel of this agreement as the same is not being reproduced here for the sake of brevity.
- That the applicant Direct Seller herein agrees that he / she has attained the minimum age of 18 years or 21 years in the state of Maharashtra and he / she shall knowingly sponsor any person under the age of 18 years or 21 years in the state of Maharashtra.
- The Globe Veda explicitly states that it does not ask, encourage, or seek any potential individuals, known as prospects or future Direct Seller, to invest any money in any way to join its Direct Selling business. However, the Direct Seller is responsible for covering the costs of the products they buy. It is important to note that there is no provision stating that the Direct Seller will earn money from recruiting other participants. Instead, the compensation the Direct Seller receives solely comes from the sales, marketing, and distribution of products. This compensation aligns with the Globe Veda Marketing Plan outlined by the Globe Veda. The Direct Seller agrees to abide by the terms of this agreement in its entirety, following the guidelines and principles set by the Direct Selling entity.
- That the Globe Veda will provide all support to the Direct Seller in delivery of the products through Franchisee / Pick-up centers / Available Courier / Transport or any other Logistics Service for maintaining effective support system.
- That by accepting the offer of the Direct Seller herein the Globe Veda requires him / her to do and complete the following steps. An Individual / Firm / entity eligible to enter into a contract as per the provisions of the Indian Contract Act, 1872 and wish to become a Direct Seller of the Direct Selling business of the Globe Veda herein, can apply to become a Direct Seller for marketing and selling of Globe Veda’s product on pan India basis, in prescribed form through online method.
- Fill the application form online and upload scanned KYC documents.
- Accept the terms and condition of this E-contract agreement by clicking on “I AGREE” button below.
- On the completion of the above process, the Direct Seller can take a printout of this agreement.
- Upon the execution of this agreement and after the verification of all the KYC documents uploaded through the above process, the applicant shall be accepted as a Direct Seller of the Globe Veda’s business and a Unique Identification number and password shall be allotted to the applicant, to allow him / her to log on to access his / her own personal account maintained by the Direct Selling Entity on its website.
- That the Direct Seller is required to upload the following self-attested documents within 30 days starting from the date of signing this Agreement. The acceptance of the terms of this agreement is confirmed by clicking the “I AGREE” button at the bottom of this document.
- That the Globe Veda upon scrutiny and verification of the Application and KYC particulars uploaded by the Direct Seller may re-consider its decision and reject the application. The Direct Seller acknowledges and accepts this possibility. The Globe Veda holds the exclusive authority and freedom to decline the issuance of unique ID number, if the KYC and other documents are determined to be unsatisfactory, altered, counterfeit or not in accordance with the Government’s stipulated guidelines for this specific purpose.
- That the KYC shall include but not limited to verified proof of address, proof of identity, and PAN as per the provisions of the Income Tax Act, 1961, as follows, duly issued by the Government of India or a State / UT government.
- Aadhaar Card
- Voter ID Card
- Passport
- Ration card
- Any other identity document issued by the State / UT or central government which can be verified online.
- Additional Documents required for Applicant in case of a company or firm:
- CIN or Registration Certificate, MOA & AOA, or Partnership Deed, as the case may be;
- PAN, GSTIN, FSSAI (wherever applicable)
- List of Directors / Partners of the applicant entity
- Board Resolution / Authorization in favor of the Director / Partner signing and executing this E-Contract agreement and Application.
- The Direct Seller herein declares that he / she / they has / have not been declared a bankrupt by a competent court of law as provided under clause (3) of section 79 of the Insolvency and Bankruptcy Code, 2016 and that he / she is neither of unsound mind nor convicted by any court of law in preceding five years” of the date of joining the Direct Selling entity’s business herein.
- The Direct Seller herein agrees that he / she shall take appropriate steps to ensure the protection of all sensitive personal information provided by the consumer with the applicable laws for the time being in force and ensure adequate safeguards to prevent access to, or misuse of, data by unauthorized persons.
- The Direct Seller herein agrees that he / she shall not visit a consumer’s premises without identity card and prior appointment or approval.
- Scope of the Work:
- That the Direct Seller shall market, distribute and sell the products of the Globe Veda using word of mouth publicity, display and demonstration of the products, distribution of pamphlets, and door to door selling to consumers and prospective Direct Seller.
- That the Globe Veda shall be exclusive owner of the name and logo of the Globe Veda. The Direct Seller shall not use the trademark, logo type and design anywhere without prior written permission from the Globe Veda. This permission, if given, can be withdrawn at any time by the Globe Veda. Violations if any, shall be termed as violation of this agreement and may result in termination of this agreement and Direct Seller of the Direct Seller, penal actions under the prevailing Intellectual Property Rights (IPR) laws and Rules at the sole discretion of the entity herein to which the Direct Seller herein agrees.
- That the Direct Seller shall not manipulate, alter, amend, add, or delete any provisions of the Globe Veda herein Globe Veda Marketing Plan, pricing of products, BV etc., in any way whatsoever and shall not send, transmit, or otherwise communicate any messages to anybody on behalf of the Globe Veda, contrary to Globe Veda’s policies, principles, instructions and prescriptions without prior written authorization and permission for the same by the Globe Veda.
- That the Direct Seller will get specified percentage / points-based (BV Points) Incentives pertaining to the sales for selling the Globe Veda’s products under this E-contract Agreement.
- The Globe Veda commits to providing the Direct Seller with comprehensive instruction books, catalogs, and pamphlets to assist in promoting sales, marketing, and distribution. Additionally, the Globe Veda will ensure that mandatory orientation training is provided to the Direct Seller.
- That the Globe Veda shall issue photo identity cards to Direct Seller. This photo identity card shall be returned by the Direct Seller to the Globe Veda at the expiry / termination / revocation of this agreement and / or shall be destroyed but shall not be misused in any way or form whatsoever. The identity card shall contain the Name & Unique ID number (FSSAI Number, if applicable) of the Direct Seller.
- The identity card provided by the Globe Veda to the Direct Seller does not establish an employee – employer, service, or salaried relationship between the Globe Veda and the Direct Seller.
- The Direct Seller will not be authorized to collect any type of cash / cheque / demand draft in his own name, on behalf of the Globe Veda. All cheques / demand drafts etc. should be drawn in the name of the Globe Veda only and the same should be deposited with the Globe Veda’s office or other offices as may be specified by the Globe Veda, within 24 hours of the time of receipt. Direct Seller shall hold the said cash collection / cheque / DD in trust for and on behalf of the Globe Veda. Upon failure to deposit the said cash collection / cheque / DD, Direct Seller shall be liable to pay damages / compensation and Mesne-profit, if any. The receipt / invoice issued by the Globe Veda only would be valid documentary evidence in the hand of the consumer. It means Direct Seller would not be authorized to issue any receipt / invoice on behalf of the Globe Veda.
- That the Globe Veda may open following facilities for sale of its products:
- Online Portal / E-commerce
- Stores (Retail Outlets)
- Authorized Sales Point / Pickup Center
- That a Direct Seller is not authorized to sell any product of the Globe Veda herein on e-commerce platform / marketplace, without prior written consent, permission, or authorization of the entity herein the Direct Seller is also prohibited from listing, marketing, advertising, promoting, discussing, or selling any product, or the business opportunity on any website or online forum that offers auction as a mode of Selling.
- That a Direct Seller and their legal representatives, including spouse, son, unmarried daughter, or husband, shall not be permitted to enroll under a different sponsor or misrepresent facts to the company at any time during the validity of this agreement. In the event that a Direct Seller is found engaging in such conduct, the company reserves the right to terminate the Direct Seller’s ID as well as the IDs of the aforementioned legal heirs. The company also reserves the right to initiate any other appropriate legal action, as deemed necessary.
- Sales Incentives / Commission Structure or other Benefit: The Direct Seller shall be eligible for the following financial incentives and / or privileges:
- Incentives on the sales, marketing, and distribution of products and / or services by the Direct Seller and his / her team or network of Direct Seller, as per the Globe Veda Marketing Plan of the entity herein, annexed herewith but not being reproduced here for the sake of brevity.
- Direct Seller has the authorization to market, sell, and distribute products offered by the Globe Veda across all regions of India. There are no territorial restrictions or limits imposed on the sale of these products.
- He / she can always check and inspect his / her account on the Globe Veda’s website by using his / her Unique ID and Password allotted to him / her by the Globe Veda.
- That the Globe Veda reserves the right to restrict the list of products for a particular area / region.
- Changes in pricing, government regulations, market influences, and other factors might force the Globe Veda to change its Marketing plan. The decision of the Globe Veda regarding these changes will be final and binding. Whenever such changes occur, they will be communicated through notifications posted on the website. These notifications will hold legal significance and will apply to all the Direct Seller. However, if any Direct Seller disagrees with and does not wish to be bound by these changes, they have the option to terminate this agreement within 30 days of such notification. To do so, the Direct Seller must provide a written notice expressing their objections to the Globe Veda. If a Direct Seller continues their involvement in the Direct Selling business without submitting objections, it will be presumed that they have accepted all modification and amendments to the terms and conditions for future activities.
- That all payments and transactions shall be valued in India Rupees (INR).
- That the Globe Veda does not guarantee / assure / promise or offer any facilitation fees or any amount or quantum of income whatsoever to the Direct Seller on account of becoming a Direct Seller of the Globe Veda.
- That Sales Incentives to the Direct Seller shall be subject to all statutory deductions as applicable like TDS etc.
- That Sales Incentive accrued and paid to the Direct Seller is inclusive of all taxes.
- That the Globe Veda shall provide accurate and complete information to prospective and existing Direct Seller concerning the reasonable amount of earning opportunity and related rights and obligations.
- That Globe Veda does not require a Direct Seller to maintain an office or establishment in furtherance of his / her entrepreneurship and if a Direct Seller does so then he / she himself / herself will be responsible to bear such expenses and the Globe Veda will in no way be responsible to refund or reimburse the same.
- That Direct Seller agrees with the Globe Veda that he / she will solely focus on Selling products offered by the Globe Veda and will refrain from selling products that are similar or identical to those of any other company or brand.
- That Unique Identification Number will have to be quoted by the Direct Seller in all his / her transactions and correspondence with the Globe Veda. The Unique Identification Number once allotted cannot be altered at any point of time. That no communication will be entertained without Unique Identification Number and password. Direct Seller shall preserve the Unique Identification Number and Password properly as it is must for logging on to the website of the entity herein.
- That the Direct Seller shall be faithful to the Globe Veda and shall uphold the integrity and decorum to the Globe Veda and shall maintain good relations with another Direct Seller also.
- The Direct Seller is required to adhere to the policies, procedures, rules, and regulations established by the Globe Veda. Additionally, they must comply with all applicable laws, rules, regulations, directives, and mandates issued by the Government of India, State Governments, Local bodies, Court of Law, and local administrations. Furthermore, the Direct Seller must refrain from engaging in any deceptive or unlawful trade practices, including Mis-Selling or unfair trade practices as outlined in clause 3 (f, g, and i), as defined in the Direct Selling Rules, 2021, and clauses 2(1), (18), (20), (41) to (43), and (47) of the Consumer Protection Act, 2019. In the event that the Direct Seller does engage in such activities, they will bear full responsibility for the consequences and outcomes thereof.
- The Direct Seller has a responsibility to present, display, explain the Globe Veda Marketing Plan to potential prospects exactly as they received it from the Globe Veda. If the Direct Selling entity observes that the Direct Seller is functioning in a manner that goes against the stipulated guidelines or authorization of the Globe Veda, the entity holds the exclusive authority to either terminate the Direct Seller’s involvement or restrict their participation in the business, regardless of whether a show cause notice is provided or not.
- The Globe Veda holds the authority to make changes to the terms & conditions, products, Globe Veda Marketing Plan, and policies, whether with or without prior notice. Such notifications may be communicated through the official website of the Direct Selling Entity. Any modifications or amendments will come into effect and be binding for the Direct Seller starting from the date of the respective notice.
- That the Direct Seller is personally liable for delivery of goods to its customers. He is also liable to collect products from where it reaches last by the transporter / courier.
- That the Direct Seller is prohibited from mentioning / posting / telecasting any inappropriate or defaming content about the Globe Veda, its products, etc. in any social media platforms. If he / she does any act in contravention to this clause, then this contract agreement will be deemed terminated and the Globe Veda reserves rights to initiate appropriate legal action against him / her.
- That only one Direct Seller code shall be issued on one PAN Card.
- That the Direct Seller hereby undertakes not to compel or induce or mislead any person with any false statement / promise to purchase products from the Globe Veda or to become Direct Seller.
- All statutory changes will be in force with immediate effect or as per the law prescribed.
- The Direct Seller agrees and grants authorization to the Globe Veda to generate their sales and purchase records, which will include information about products, prices, taxes, quantities, and other details related to the items they have sold. These records will be created in accordance with the applicable laws and regulations.
- The Direct Selling entity bears the responsibility for ensuring the quality of products and services that the Direct Seller sells. Additionally, the Globe Veda is obligated to provide guidance to the Direct Seller to uphold the best practices that safeguard consumer interests. This guidance should be provided within the legal and ethical boundaries. If a Direct Seller chooses to operate outside the established policies and guidance of the Globe Veda, they will be held individually accountable for all their actions related to the sales of products and services.
- Any notices or communications directed to the Direct Seller registered address, provided E-mail ID and mobile number mentioned in the registration form, whether sent through registered post, courier service, E-mail, or WhatsApp message, will be considered as officially delivered to the intended recipient. However, it is strongly recommended that Direct Seller promptly informs the Globe Veda of any alterations to their address, E-mail ID, or mobile number. Failing to do so will render any claims of non-delivery by the Direct Seller invalid under any circumstances.
- The term of this E-contract agreement is at will, subject to earlier termination in accordance with this E-contract agreement or in accordance with law. If this E-Contract Agreement is terminated for any reason whatsoever, the Direct Seller understands that his / her right to sell the products and receiving incentives with respect of his / her activities as a Direct Seller will cease immediately. Globe Veda reserves the right to terminate this E-contract agreement if any condition(s) of this E-Contract Agreement are violated by a Direct Seller.
- Limitation of Action: If a Direct Seller wishes to bring any grievance to the notice of the Globe Veda he can do so as per the “Grievance Redressal Mechanism” annexed to this agreement may be read as part and parcel of this agreement as the same is not being reproduced here for the sake of brevity.
- Indemnification: That the Direct Seller agrees to protect, defend, indemnify, and hold harmless Globe Veda and its employees, officers, directors, agents, or representatives from and against any and all liabilities, damages, fines, penalties, and costs (including legal costs and disbursements) arising from or relating to:
- Any breach of any statute, regulation, direction, orders, or standards notified by any governmental body, agency, or regulator applicable to the Direct Seller including payment and deposit of taxes; on account of Income tax, GST, Trade tax, Professional Tax, whenever applicable and shall obtain necessary registrations / licenses whenever applicable and required under law.
- Any breach of the terms and conditions of this E-contract agreement by the Direct Seller,
- Any claim of any infringement of any intellectual property right or any other right of any third party or of law by the Direct Seller; or
- Against all matters of embezzlement, misappropriation or misapplications of collection / moneys which may from time to time during the continuance of the Agreement come into his / her / its possession / control.
- Relationship: The Direct Seller acknowledges that they function as an independently owned business entity. This Agreement does not establish them as an employee, associate, agent, or legal representative of the Globe Veda for any purpose. The Direct Seller has no explicit or implicit authorization or authority to take on obligations on behalf of the Globe Veda or to act in any way that would legally bind the entity. If a Direct Seller breaches this provision in any manner, they will be held accountable for all types of consequences, including financial, statutory, civil, or criminal implications.
- Liability: Except for the provisions stated in this Agreement, the Globe Veda holds no liability towards the Direct Seller for terminating this Agreement for any reason. This includes claims for loss or profit or any claims related to expenditures, investments, leases, capital investments, or other commitments undertaken by the other party in connection with the business, which were made based on or due to this Agreement.
- Suspension, Revocation or Termination of this E-contract agreement:
- That the Globe Veda reserves the right to suspend the operation of this E-contract agreement, at any time, due to change in its own license conditions or upon directions from the competent government authorities. In such a situation, Globe Veda shall not be responsible for any damage or loss caused or arisen out of aforesaid action.
- If the Direct Seller breaches any of the terms outlined in this agreement, which they have previously accepted, the Globe Veda reserves the right to act. Without diminishing other possible remedies, the entity can issue a written notice with a one-month notice period. This notice will request the Direct Seller to provide a written explanation for their actions. If the explanation is not provided or is deemed inadequate based on standard business norms, the Globe Veda holds the authority to suspend, block or terminate the Direct Seller’s participation in the business. Consequently, the Direct Seller’s commissions will be discontinued.
- That the Direct Seller may terminate this agreement at any time by giving a written notice of 30 days to the Globe Veda at the head office of the Globe Veda.
- Actions pursuant to Suspension / Blocking / Termination of this E-contract agreement: That notwithstanding any other rights and remedies provided elsewhere in the agreement, upon termination of this agreement:
- The Direct Seller shall not represent the Globe Veda in any of its dealings.
- The Direct Seller shall not intentionally or otherwise commit any act(s) as would keep a third party to believe that the Globe Veda is still having Direct Selling agreement with the Direct Seller.
- The Direct Seller shall stop using the Globe Veda’s name, trademark, logo, etc., in any audio or visual form.
- All obligations and liabilities of such Direct Seller to the Globe Veda existing on the date having accrued during the validity of this Agreement will have to be fulfilled, met, and satisfied by the Direct Seller in every manner whatsoever.
- Governing Laws and Regulations
- That this Agreements shall be governed by the provisions of the Indian Contract Act, 1872, the Consumer Protection Act, 2019, Consumer Protection (Direct Selling} Rules, 2021 or other laws of the land.
- Dispute Settlement: The Direct Seller herein agrees and accepts that the remedial action available to him / her in the event of any interpretation of any question of law, dispute or difference arising under this agreement or in connection there-with (except as to the matters, the decision to which is specifically provided under this agreement), the same shall be as under:
- As per the Grievance Redressal Mechanism offered by the Globe Veda herein and forming part of this contract agreement, any dispute or difference arising out of or in connection with this Direct Seller/Direct Seller Agreement shall first be attempted to be resolved through mutual discussions within 30 (thirty) days of such dispute arising. In the event the Direct Seller/Direct Seller is not satisfied with the decision of the Globe Veda or if any issue raised remains unresolved for more than two months, the matter shall be referred to the Grievance Redressal Committee constituted by the Globe Veda.
- Disputes, if any, remaining unresolved even after reference to the Grievance Redressal Committee, shall be finally resolved through binding arbitration in accordance with the provisions of the Indian Arbitration and Conciliation Act, 1996. The venue of arbitration shall be at Lucknow (Uttar Pradesh, India), and the decision of the Arbitrator shall be final and binding on all parties. Subject to the foregoing, the courts at Lucknow (Uttar Pradesh, India) shall have exclusive jurisdiction over matters arising out of or in relation to this agreement.
- Force- Majeure: That if at any time, during the continuance of this agreement, the performance in whole or in part, by the Globe Veda, of any obligation under this is prevented or delayed, by reason of war, or hostility, acts of the public enemy, civic commotion, sabotage, Act of State or direction from Statutory Authority, explosion, epidemic, quarantine restriction, strikes and lockouts, fire, floods, natural calamities / disaster or any act of God (hereinafter referred to as event), neither party shall, by reason of such event, be entitled to terminate this agreement, nor shall either party have any such claims for damages against the other, in respect of such non-performance or delay in performance. Provided that the services under this agreement shall be resumed as soon as practicable, after such event comes to an end or ceases to exist.
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The Direct Seller hereby agrees as under:
- That he / she has clearly understood the terms and conditions, as well as the Marketing Plan of the Globe Veda, along with it associated its limitations and provisions. He / she confirms that he / she is not relying upon any representation or promises that are not set out in this E-contract agreement.
- That their association with the Globe Veda and all their undertakings as outlined in this agreement shall be regulated, in conjunction with this agreement, by the regulations and processes specified in the Globe Veda Marketing Plan accessible on the company website. The Direct Seller validates that they have either read through these documents or they have been read to them in a language they understand. He / she thereby agrees to be legally bound by the provisions stipulated in this agreement.
- That he / she will function as an independent entity and will refrain from engaging in any actions that could result in misfeasance or malfeasance, causing liabilities or obligations of any kind upon the company.
- That all the information provided to the Globe Veda is accurate and truthful. The Globe Veda holds the sole right and freedom to take appropriate action against him / her if it is discovered that the information furnished to the Globe Veda was incorrect or false.
- That any violation of the terms and conditions outlined in this agreement can lead to the termination of this agreement, as per the procedures detailed within.
- That I am the individual concerned and am fully aware of the facts stated above. I voluntarily agree to be designated as a Direct Seller across India, in accordance with the terms and conditions contained within this agreement.
- That I have carefully read and understood the terms and conditions concerning the appointment of a Direct Seller by the company. I have also reviewed the company's official website, printed materials, brochures, and am convinced about the business. I am submitting my application to be appointed as a Direct Seller based on my personal choice.
- That I commit to adhering to the policies, procedures, rules, and regulations established by the Company. I confirm that I have read, been explained, and fully comprehended the content of the document outlining the policies and procedures for the appointment of a Direct Seller.
IN TOKEN OF HIS / HER AGREEING TO AND ACCEPTING ALL PROVISIONS OF THIS CONTRACT AGREEMENT SET HEREINABOVE, HE / SHE IS CLICKING ON THE “I AGREE” BUTTON GIVEN HEREIN.
I AGREE & ACCEPT
Name: ___________________________________ Bank A/C No.: _______________________________
S/O Shri.: ____________________________ IFSC Code: ___________________________________
Resident of: ____________________________________________________________
______________________________________________________________________
Pin Code: _____________
State: ________________________________
Pan No.: __________________________________________
Aadhar No.: _______________________________________
Name of the Bank & Branch: __________________________
AGREE & ACCEPT
NODAL OFFICER
M/S: Jaygovind Yadav
Address: Sector-C Near Siddhartha Palace, Patel Nagar Colony Neel Matha, Lucknow- 226002, Uttar Pradesh, India.
Mob no.: 9235208815
E mail: nodalofficer.globeveda@gmail.com