JURISDICTION:-
That in case of any dispute arising out with respect to this agreement only Durg Courts have exclusive jurisdictions.
DURATION & TERMINATION
a. Effective Date and Duration. This Agreement shall become effective on the date first written above and shall continue in effect for a period three years.
b. Distributor Option to Renew. Distributor shall have the option to renew this Agreement for an additional year/period by providing prior written notice to Company within 30 days of the end of the initial period of this Agreement.
c. Either Party may terminate this Agreement prior to its expiration upon the occurrence of either of the following:-
i. The other Party fails to perform any of its obligation hereunder and fails to correct such failure within 30 calendar days after receiving written demand therefore from the non-breaching Party, specifying the failure in sufficient detail for the breaching Party to correct such failure; provided, however, that upon a second breach of the same obligation by such Party, the other Party may forthwith terminate this Agreement upon notice to the breaching Party.
ii. None of the distributors having rank of FI, Riser or Promoter leave the distributorship of the company without giving 1 months advance notice to the company.
iii. FI, Riser and Promoter will provide the each detail of the business done by them personally or through their ID to the company before termination of this agreement.
iv. That after providing the complete details of business to the company and after satisfaction of the company they will obtain the no objection certificate from the company.
v. After completion of above formalities and by giving the No Objection certificate this agreement stands cancelled.
vi. If any distributor is found in the company in any kind of money landing or transactions of distributors, then the company Has the right to cancel the license of that distributor or deposit the amount of landing to the distributormay have to do
DECLARATION
I have read and understood the above terms and conditions mentioned in above and hereby unconditionally and irrevocably confirm the following:-
1. I am providing my personal information and interested in enrolling myself as independent Distributor with Company and the Sponsor has agreed to use his/her FIID for the same.
2. I am also aware that the Company is not providing any job to me and also understands that the Company deals in quality products by using IBC strategy to promote and sale of its products through its Independent Distributors. I also understand that Company never provide any investment opportunity or offer guaranteed income or return.
3. I confirm that I am aware about the business opportunities with the Company where I can purchase the products in multiple tranches as per my own flexibility for self-consumption or resale.
4. I understand that there is no joining, training or renewal fees and I have not paid any sum to anyone including the Company on account of my joining, training, or renewal as an independent Distributor of Company.
5. Decision to do business with Company is solely vested in me and by joining Company as independent Distributor I have not been forced, misled or coerced to make any purchase of the products.
6. I understand that my appointment as independent Distributor of Company will be on principal to principal basis and I am aware that I am neither employee nor an agent of Company.
7. I have been Provided with and I have undergone free Orientation Program which has provided fair and accurate information on all aspects of Company’s IBC operations, about free joining, its incentives system, policies on Return and Refund within 17 days’, Return to Origin, expected business incentives and related rights and obligations as governed under the policies of Company read with the Guidelines of Ministry of Consumer Affairs, as amended or modified from time to time;
8. I further understand that this application and any ensuing Company Distributorship upon acceptance of this application by Company shall be subject to the above Terms and Conditions, my Independent Distributor Contract and other applicable policies of the Company including the constituent documents as amended from time to time.
9. I confirm and undertake to keep my details updated with the Company in case of any subsequent change in future.
10. I understand and agree that my information provided in connection herewith shall be used in accordance with applicable laws in India.
11. I have read and understood the business guidelines and code of ethics of the Company and I shall be abiding by them.
12. I am signing this agreement under my own free will and the information given by me is true and correct.
13. I agree to sign each page of the Form and IBC Contract for sending it alongwith self-attested copy of AADHAR, Cancelled Cheque or Bank Passbook, to the Company at address mentioned on application form within 10 days from the date of sign-up.
14. I am aware that the Distributorship with the Company shall be subject to receipt of complete Documents and successful verification. The Company reserves the right to reject the application for any reason and to terminate or revoke distributorship for any reasons including but not limited to provision of incomplete, inaccurate, false or misleading information.
15. I hereby grant my consent to the Company for conducting e-KYC for authentication of my documents including AADHAR and PAN. By signing up, I expressly authorize the Company, which will override my DND registration, to send communications on my mobile.
IN WITNESS WHEREOF,this Agreement was signed by the Parties under the hands of their duly authorized officers and personally and made effective as of the date first written above.
Goodway indian fashion Private limited
Distributor Name: __________________________ IC No. _______________
Left Thumb Impression:
Signature: ____________________ Mobile No. _____________________