1. Subject
of the Agreement
1.1 The
Partner wishes to become a legal partner in The Company’s
commercial activities.
1.2 The
terms and conditions of the partnership shall be outlined in this
agreement.
2. Rights
and obligations
2.1 The
Partner shall be authorized to publicize all The Company’s
commercial information, without any restrictions, during the course
of collaboration. The Company shall only be authorized to publicize
The Partner’s commercial information of The Company’s products
during the course of collaboration.
2.2 The
Partner has the full right to inquire about some certain deliveries
in order to prevent public distrust among The Partner’s loyal
audience who patronize the products.
2.3 Both
parties shall not provide false features of the products as a
marketing strategy in order to drive more sales.
2.4 The
Partner shall have the full discretion on how and when to promote the
products as convenient and The Company shall not influence the
Partner’s decisions. But as partners, both parties are subject to
consultation and advice on how to improve the quality of the
products, as well as promote the products.
2.5 Both
parties shall provide valid documentation when needed.
3 Payments
and fees
3.1 The
Company shall pay a commission of 15% on every sale generated
through The Partner. The Partner shall be provided a unique link as
well as login details to monitor all sales.
3.2 The
Company shall make payouts weekly to The Partner’s bank/paypal
details. All payouts shall be deposited into the provided details
before the end of the business hours on Fridays, Central European
Time.
3.3 The
Partner can request for payouts on a weekly or monthly basis, but
payouts will only be made on Fridays. Bank/paypal charges on every
transfer shall apply.
3.4 Payouts
shall not be made on bank holidays, but rather on the previous
business day.
4. Force
Majeure
4.1 For
the purpose of this agreement, force majeure shall mean acts of God,
laws or regulations, industrial disturbances, government actions,
accidents or severe injuries, illnesses, family obligations, civil
disturbances, acts of public enemy, explosion and any other similar
cause of equivalent force not cause by, nor within the control of
either The Company or The Partner, which neither is able to overcome.
4.2 Either
party shall promptly notify the other of any circumstances which
render it impossible to carry out in whole or in part. Any of its
obligations shall be deemed to be postponed for a duration of such
circumstances, and may be canceled, as agreed by the parties.
5. Terms
5.1 The
terms and conditions of this agreement will be in accordance with the
laws of the European Union, ‘EU Act’.
5.2 This
agreement shall come into full effect upon consent by both
parties.
5.3 This
agreement shall be valid for a period of 6 months (183 days).
5.4 This
Agreement shall be terminated on the basis of dismissal.
Cancellations can be made to the other party to sign. The
cancellation period is 30 days. Counted from the date of delivery of
termination to the other party. This Agreement may be terminated at
any time by agreement of both parties.
5.5 Any
dispute under or in connection with this agreement, which cannot be
resolved amicably between the parties, shall be referred to the
Arbitration Court according to the location of defendant.