THIS SELLER AGREEMENT IS AN ELECTRONIC RECORD IN THE FORM OF AN ELECTRONIC CONTRACT FORMED UNDER INFORMATION TECHNOLOGY ACT, 2000 AND RULES MADE THEREUNDER AND THE AMENDED PROVISIONS PERTAINING TO ELECTRONIC DOCUMENTS / RECORDS IN VARIOUS STATUTES AS AMENDED BY THE INFORMATION TECHNOLOGY ACT, 2000. THIS AGREEMENT DOES NOT REQUIRE ANY PHYSICAL, ELECTRONIC OR DIGITAL SIGNATURE.
THIS AGREEMENT IS A LEGALLY BINDING DOCUMENT BETWEEN YOU AND VAMBOMART (BOTH TERMS DEFINED BELOW). THE TERMS OF THIS AGREEMENT WILL BE EFFECTIVE UPON YOUR ACCEPTANCE OF THE SAME AND WILL GOVERN THE RELATIONSHIP BETWEEN YOU AND VAMBOMART, INCLUDING WITH RESPECT TO THE LISTING, ADVERTISING, EXHIBITING, MAKING AVAILABLE, MARKETING, SALE AND/OR DELIVERY OF ANY PRODUCTS THROUGH THE WEBSITE (DEFINED BELOW). IF ANY TERMS OF THIS AGREEMENT CONFLICT WITH ANY OTHER DOCUMENT/ELECTRONIC RECORD, THE TERMS AND CONDITIONS OF THIS AGREEMENT SHALL PREVAIL, UNTIL FURTHER CHANGE / MODIFICATIONS ARE NOTIFIED BY VAMBOMART.
For the purpose of this Agreement, the individual or any legal entity (company, sole-proprietorship, partnership, HUF etc.) representing itself through its duly appointed authorized signatory only, who has completed Vambomart‟s Seller Registration Form as required by Vambomart (hereinafter, referred to as the “Seller” / “You”, which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include Your heirs / subsidiaries, affiliates, successors and permitted assigns) shall constitute the FIRST PART;
AND
Vambomart having its registered office at Vikas Nagar, Murthal Road, Sonipat, haryana 131001 with GSTIN 06BTAPK9274Q2ZX (hereinafter referred to as, “Vambomart” which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include all its successors, liquidators, receivers, and assigns) shall constitute the SECOND PART.
Seller/You and Vambomart may be referred to as the “Party” individually and as the “Parties” collectively, as the context may require.
WHEREAS
1. Vambomart inter alia is in the business of owning and operating an online marketplace located at the URL www.vambomart.com and mobile application under the name and style “Vambomart” (the “Website”) which acts as an online / electronic platform in the form of an intermediary, providing e-commerce marketplaces platforms/technology, internet marketing services, facilitation of payment services, fulfillment support to third party sellers to offer for sale, sell their products and for third party buyers to access variety of products and accept to purchase the products offered by sellers;
2. You are desirous of using the Website as a platform to exhibit, advertise, make available, offer and/or sell or distribute your Products (defined below) to the users of the Website.
NOW, THEREFORE, IN CONSIDERATION OF THE PREMISES AND MUTUAL PROMISES AND COVENANTS SET FORTH HEREINAFTER, THE PARTIES, INTENDING TO BE LEGALLY BOUND, HERETO AGREE AS FOLLOWS:
1. DEFINITIONS
1.1 “Acceptance” shall mean acceptance of this Agreement directly or indirectly in electronic form or my means of an electronic record and shall include your affirmative action of clicking on “I Accept/ I Agree” or the box against these words provided at the end of this Agreement or any other manner of acceptance such as using Seller Panel, start advertising, exhibiting or offering for sale, by which action you accept the terms and conditions of this Agreement.
1.2 “Agreement” shall mean this Seller Agreement in its entirety, including all the annexure attached to or referenced to this Agreement, Vambomart Policies and any other document pursuant to this Agreement and shall include any amendment thereto, from time to time.
1.3 “Applicable Laws” includes (a) statute, statutory instrument, bye-laws, order, directive, decree or law (including any common law, judgment, demand, order or decision of any court, regulator or tribunal); (b) rule, policy, guidance or recommendation issued by any governmental, statutory or regulatory body.
1.4 “Banned Products” shall mean the products/goods/articles/services included in the http://vambomart.com/bannedproductlist/ as provided at the end of this Agreement.
1.5 “Buyer” shall mean any user of the Website who accepts Seller‟s offer to sell the Product and purchases any Product of the Seller through the Website.
1.6 “Consents” include all consents, licences, authorisations, approvals, permissions, certificates, permits and any other form of consent (whether statutory, regulatory, contractual or otherwise).
1.7 “Logistic Service Provider” shall mean a natural or juristic person that is approved by Vambomart for transporting, shipping, temporary storage and delivering the Products purchased by the Buyers from You on the Website, and the term “Logistics Services” shall be construed accordingly.
1.8 “Logistic Service Provider Fees” shall mean the fees (either in number or as a percentage of Selling Price) as may be provided from time to time in the Commercial Term Segment, payable by Seller to Vambomart for availing of Logistics Services through Logistic Service Provider.
1.11 “Intellectual Property Rights” means all rights to patents, designs, copyrights, trademarks, service marks, database, domain name, moral rights (whether or not any of those is registered and including applications for registrations of the foregoing) together with all trade secrets, know-how and all rights or forms of protection of a similar nature and causes of action for violation, misappropriation or infringement of any of the foregoing.
1.12 “Invoice” shall mean a valid retail tax invoice issued by the Seller to the Buyer for the sale of a Seller‟s Product to a Buyer through the Website.
1.13 “Nodal Bank” shall mean the Bank which maintains internal bank account for the purpose of collection of electronic payments from Buyers and settlement to Sellers towards products/goods purchased on Website in accordance with RBI directions for opening and operation of Accounts and settlement of payments for electronic payment transactions involving intermediaries.
1.14 “Packaging Material Charges” shall mean the charges (either in number or as a percentage of Selling Price) as may be provided in the Commercial Term Segment to safely wrap the Products for the purpose of safe delivery pursuant to this Agreement.
1.15 “Payment Collection Fees” shall mean the fees (either in number or as a percentage of Selling Price) for collection of Selling Price as may be provided in the Commercial Term Segment.
1.16 “Product(s)” shall mean the product(s) as exhibited, advertised, made available, offered by the Seller for sale on the Website.
1.17 “Seller Panel” shall mean a web page / electronic account of the Seller on the Website with a unique login id and password for the Seller to exhibit, make available, offer for sale the Product, and to update the order status, price and inventory of the Products on the Website.
1.18 “Selling Price” shall mean the price of a Product in Indian Rupees (INR) at which such a Product is exhibited, advertised, made available or offered for sale by the Seller on the Website.
1.19 “Seller Proceeds” shall mean the net amount receivable by the Seller from Vambomart/Nodal Bank after deduction of the Vambomart‟s Marketing Fees, Payment Collection Fees, Logistic Service Provider Fees and other charges (if any) or any other statutory deduction, levies, or any amount to cover contractual obligations, from the Selling Price.
1.20 “Seller Registration Form” shall mean the electronic form available on the Website (presently at http://vambomart.com/vendor-register/) that You are required to complete before registering as a Seller on the Website.
1.21 “Vambomart’s Marketing Fees” shall mean either a fixed number or a percentage of the Selling Price, payable to Vambomart by the Seller on the sale of any Product through the Website. This fixed number or percentage may vary from Product to Product, as provided in the Commercial Term Segment.
1.22 “Vambomart Policies” means various rules and policies on the Website as may be relevant or applicable to the Seller including the TrustPay Policy (http://vambomart.com/trustpay/), Terms of Use (http://vambomart.com/terms-of-use/), Terms of Sale (http://vambomart.com/terms-of-sale/), Privacy Policy (http://vambomart.com/privacy-policy/), and Seller Panel Policies which are available on the Seller Panel, and other policies – Anti-Bribery & Anti-Corruption Policy and Report Abuse and Take-Down Policy(http://vambomart.com/abusepolicy/), to take necessary actions in response to any listing or content take-down or infringement notice from a third party and such other policy (including any amendments thereof) which Vambomart may issue and make applicable on the Seller. By impliedly or expressly accepting this Seller Agreement, You also accept and agree to be bound by the aforesaid Policies and all other policies as updated and provided from time to time. Further, if the hyperlink is not provided for any policy(s) in this agreement then that policy(s) may be accessible in the hyperlink created hereinabove for the policies or on the website.
1.23 “Term” shall mean the period commencing from the date of this Agreement up to the termination of this Agreement in accordance with Clause 18 as provided herein below.
1.24 “Territory” shall mean the Republic of India.
2. COMPLETION OF SELLER REGISTRATION AND ACCEPTANCE
2.1 As a part of the registration process, You state that You have completed the Seller Registration Form and provided other relevant details as required by Vambomart. You represent that You, in your individual capacity and/or as an authorized representative of the entity registering as a Seller on the Website, are competent to contract, are at least eighteen (18) years of age, are of sound mind and are not disqualified from entering into a lawful contract under Applicable Laws.
2.2 You have the option of accepting or declining to accept this Agreement. Please provide Your Acceptance to this Agreement if and only if you are agreeable to the terms and conditions provided herein. Upon Your Acceptance, this Agreement shall become binding on You. Without prejudice to the binding nature of this Agreement upon Your Acceptance, Vambomart may, as an additional electronic record of this Agreement, send an “Agreement Acceptance Notification” in electronic form, along with an electronic copy of this Agreement in PDF or any other readable and storable format to the email address provided by You in the Seller Registration Form.
2.3 If You are not agreeable to the terms and conditions of this Agreement, please DO NOT accept this Agreement and do not use the Website for the purpose of exhibiting, advertising, making available or offer for sale of the Products. This will stop the Seller registration process.
2.4 You will be solely responsible for maintaining the safety and confidentiality of Your log-in, password and details in relation to the Seller Panel and the information provided therein, and shall be fully responsible for all activities that occur under Your Seller Panel. You agree to (a) immediately notify Vambomart (to the Grievance Officer) of any unauthorized use of Your account information or any other breach of security, and (b) ensure that You exit from Your Seller Panel account at the end of each session. Vambomart shall not be liable for any loss or damage arising from Your failure to keep Your Seller Panel protected from any unauthorized access, blockage, misuse or any other unauthorized use and You shall indemnify Vambomart in accordance with this Agreement for any such unauthorized use.
2.5 Vambomart reserves the right to suspend or terminate access to Sellers registered on the Website and the Seller Panel, at any time and without assigning any reasons for doing so.
3. LISTING, SALE AND DELIVERY OF THE PRODUCT
3.1 By exhibiting, advertising or listing any Product on the Website, You agree that You are making an “offer to sell” Your Product to the users of the Website and such offer, upon acceptance by a user, shall be binding on You. The sale, purchase, return, delivery and other terms of sale shall be further subject to the Standard Terms of Sale on the Website.
3.2 You shall provide true, complete and correct brand name (if any), identification (if any), information, images, description and MRP, Selling Price of the Product on the Website for the purpose of the Product‟s exhibition, advertising, making available or offer for sale in the appropriate category, which may include an informative description of each Product (including but not limited to the length, breadth and height of the Product) and its contents, by way of text descriptions, graphics, or pictures or videos. You hereby permit, and hereby grant all the rights and licenses to Vambomart on worldwide basis to permit other sellers on the Website to use Your aforesaid information and materials for advertising, exhibiting, making available and offering to sell such other sellers products on the Website. Unless mandated under any Applicable Law, Your aforesaid information and materials shall not be disabled or deleted from the Website till such time any seller on the Website is using the same for advertising, exhibiting, making available and offering to sell such other sellers products on the Website.
3.3 You represent and warranty that the Product description shall not be misleading and shall describe the actual condition of the Product. If a Product is subject to expiry date or expiry duration, You shall not offer to sell and sell any such Product which has passed 75% (seventy five percent) of its expiry duration. If the Product sold does not match the Product description displayed on the Website, You shall refund and permit Vambomart to refund any amounts that You may have received, or have credit to You, from the Buyer. You represent that you have obtained all Consents as may be required in order to provide the information and description of the Products on the Website.
3.4 You shall be solely responsible for ensuring that the Seller Panel is updated and reflects the real-time availability / non-availability of the Products listed on the Website. You shall be responsible for claims made by Buyers for inaccurate Product availability details that are displayed on the Website due to any negligence / default on Your part to provide updated and accurate Product information. You shall retain adequate inventory of the Products listed on the Website for successful and timely fulfillment of orders.
3.5 You may also be required to provide images of the Products and/or images of the brands/ logos of the Products. You grant Vambomart a non-exclusive and worldwide right and license to use the Product description, images of the brands/ logos of the Products to be used on the Website, and in any marketing and promotion material of Vambomart to promote the sale of such Product on the Website, and, if required, to make technical modifications to the images so as to render them feasible for uploading on the Website. You represent that you have obtained all Consents as may be required (including Consents from the owners of the relevant brands where relevant) in order to grant Vambomart the aforesaid rights and licenses.
3.6 You shall not attempt to exhibit, advertise, make available or offer for sell or use any Logistics Services provided by Vambomart for any Products falling in the category of http://vambomart.com/bannedproductlist/ on this Website. Vambomart shall be entitled to block or disable access of all such products and shall also have the right to suspend or terminate the Seller‟s access to the Seller Panel and the Website or terminate this Agreement forthwith. You agree and acknowledge that Vambomart is not under any obligation or duty to verify or monitor any listing or content You provide or make available on the Website. You shall be the originator of all such listings or content and all the data and information contained therein, and Vambomart shall be an intermediary for the purpose of such listings or content and all the data and information contained therein.
3.7 On the Buyer selecting to purchase the Products (i.e. “ordering”) exhibited, advertised, made available or offered to sell by You on the Website and either making the payment of the Selling Price through the payment gateway provided on the Website or opting for cash on delivery, You will be intimated of the same through an electronic notification on the Seller Panel along with the details of the Buyer as provided by Buyer on the Website. You shall forthwith ensure that the Product(s) so ordered as duly and safely packed in accordance with Applicable Laws and shall immediately fulfill and complete the order of the Buyer.
3.8 You shall ensure that the Product as ordered by the Buyer is dispatched to the Buyer within such time period which Vambomart may prescribe from time to time, along with all the required information, manuals, accessories (where applicable) warranty documents (where applicable) and any other relevant documents, to enable the Buyer to optimally use the Product purchased. You shall also issue and send a corresponding Invoice along with the Product.
3.9 You will have various http://vambomart.com/delivery-model/ for delivery of purchased Products to the Buyers. Vambomart may, at its discretion, remove one or more Delivery Models or introduce other Delivery Models at any time in the future. On introduction of such other delivery models, Vambomart may, at its discretion, offer these delivery options to all or select Sellers. The default delivery model will be a Dropship model for the delivery of the Product. You agree that, when You elect to deliver Your Products through the Delivery Models provided by Vambomart, the Products shall be considered to be delivered when actually delivered to the Buyer. The risk of any damage, loss or deterioration of the Products during the course or delivery or during transit shall be on the Seller and not on Vambomart, its third parties or on the Buyer. You represent and warrant that the Products being delivered under the Delivery Models are not faulty and are exactly those Products which are listed and advertised by You on the Website and purchased by the Buyer and meet all descriptions and specifications as provided on the Website.
3.10 You agree and acknowledge that exhibiting, advertising, making available or offering for sale, using Logistics Services, actual sale of and delivering illegal, infringing, fake, duplicate, spurious, counterfeit, refurbished, Selling expired FMCG products or previously owned Products or Products meant “not for sale” through the Website is prohibited and inter alia will cause great prejudice and harm to the reputation and goodwill of Vambomart, and may also cause harm and prejudice to the Buyers and You shall not engage or attempt to engage in such activities. Further, if Vambomart receives any complaint from any Buyer, or any third party or if You are found exhibiting, advertising, making available or offering for sale, using Logistics Services, selling or delivering illegal, infringing, fake, duplicate, spurious, counterfeit, refurbished or previously owned Products or Products meant “not for sale” or attempting to undertake the above through the Website, then, without prejudice to Vambomart‟s other rights and remedies, You shall be liable to pay such amount to Vambomart in accordance with “Product Return Policy” and “Prohibited Seller Activities and Consequences Policy”. You agree that this liability will not be treated as penalty and Vambomart shall have all other legal rights and remedies under this Agreement and Applicable Laws. Vambomart reserves the right to adjust or off set the above amount from any amount accrued or due to You or is required to be remitted to You pursuant to this Agreement.
3.11 Vambomart reserves the right to demand any document related to Products listed by You including documents required for the verification of Product genuineness.
3.12 You shall not submit any incorrect, incomplete, misleading or fake documents like invoices, brand authorisation certificate or any other document called for by Vambomart, or re-register with another name in the event of getting delisted from the Website.
3.13 You hereby agree and acknowledge that any Product sold by You to Buyer may be refused to be accepted or taken delivery by the Buyer. You agree to accept the return of such Products whether ordered on cash on delivery mode or any other mode of payment. In case of rejection or non-acceptance of the Product by the Buyer, Vambomart shall refund to the Buyer the Selling Price paid by the Buyer and Seller shall be liable to pay the charges in accordance with Commercial Term Segment.
3.14 In case of return or rejection of Products or Products getting damaged during the handling or warehousing of them and where Vambomart is liable or otherwise agree to pay You the cost or Selling Price of such Products as per the TrustPay Policy or any other policy for the time being, then You agree and permit that Vambomart or any liquidator/ auctioneer appointed by Vambomart may, either itself or through any third party, liquidate/sell or repair/recondition/refurbish those Products to recover the losses incurred or payments made to You. If Vambomart has recovered the loss or payments made to You herein from the Logistic Service Provider or any third party under the respective service arrangement, then You permit such Logistic Service Provider or third party to liquidate/sell such Products to recover their losses or payments made to Vambomart. Without prejudice to all our rights and available remedies for Your fault or breach under this Agreement, You relinquish Your rights with respect to the Products liquidated pursuant to this clause. Further, You agree to ensure compliance of Applicable Laws including tax matters & movement documentation with respect to such returned or rejected Products till those Products are brought into the liquidation place. You agree and permit Vambomart, its third parties or Logistics Service Provider to transfer the title in the Products and other collateral and benefits thereto (viz., warranties etc.) in the same manner as You would have transferred to the Buyer. Vambomart states that any such sale or liquidation by Vambomart shall be on wholesale basis or business-to-business basis.
3.15 For the purpose of marketing or promoting the Website and other services, Vambomart may run various promotional offers from time to time to the Buyers or otherwise on the Website or in relation to the Website.
3.16 All commercial / contractual terms such as selling price of the Product, dispatch, delivery of the Products, warranties, etc., are bipartite contracts between the Buyer and You. Vambomart and/or the Website are in the role of intermediaries in all such transactions. The payment facility is merely used by the Buyer and You to facilitate completion of the transaction. Use of the electronic payment facility or the cash on delivery method shall not render Vambomart liable or responsible for the non-delivery of the Products listed on the Website or for any other reason whatsoever.
4. ELECTRONIC COMMUNICATION
When You use the Website or send emails or other data, information or communication to Vambomart, You agree and understand that You are communicating with Vambomart through electronic records and You consent to receive communications via electronic records from Vambomart periodically and as and when required. Vambomart will communicate with You by email or by notices on the Seller Panel or electronic records on the Website which will be deemed adequate service of notice / electronic record. To the maximum extent permitted under any applicable law, You hereby waive all your rights to challenge the service of documents under any and all legal proceedings if the document is served on your designated electronic address including Seller Panel in terms of Information Technology Act, 2000.
5. COMMERCIALS
5.1 You will pay Vambomart, the Vambomart Marketing Fees, Logistic Service Provider Fees and Payment Collection Fees and any other fees and applicable taxes (as applicable), as provided in Commercial Term Segment , for all the orders for purchase of Products by the Buyer and received by You through Website. Vambomart will issue necessary invoice(s) to You for the aforesaid fee and charges.
5.2 Vambomart shall have the right to amend the fee (as provided in Clause 5.1 above) applicable to each Product category and/or add or introduce any new fee or charges and/or the http://vambomart.com/payment-cycle/ as provided in the Commercial Term Segment with a prior notice to You. Accordingly, prior to the implementation of the revised fee (as provided in Clause 5.1 above) or new fee or Payment Cycle for any Product, Vambomart shall notify You, by way of an email and/or a notification on the Seller Panel detailing such additions/modifications/ amendments/ revisions to the fee or Payment Cycle. It shall be the Seller‟s responsibility to read the emails / notifications sent by Vambomart from time to time. Your use of Seller Panel (including any updating any information in Seller Panel, listing of Products, inventory maintenance, etc.) after additions/modifications/ amendments/ revisions of the fee (as provided in Clause 5.1 above) or Payment Cycle shall be deemed as acceptance of such additions/modifications/ amendments/ revisions.
5.3 For all orders placed on the Website, the Selling Price shall be collected by Vambomart/ Nodal Bank for the Seller in the mode as selected by the Buyer while placing the order (i.e., payment gateway or cash on delivery or gift vouchers or any pre-paid payment instruments or payment systems). You hereby authorize Vambomart or its third party service providers including the Nodal Bank or Logistics Service Provider to process, facilitate, collect and remit Seller Proceeds to You into a bank account designated by you (“Designated Account”). The Designated Account shall be in Your name and shall be opened and operated in accordance with all Applicable Laws, and You further represent and warrant that Your know your customer (KYC) details with such Designated Account shall always be true and current. You also agree that, in doing so, Vambomart will be merely acting as intermediary with the sole intent and purpose of facilitating the sale and purchase of Products through the Website. You also agree that the payment facility provided by Vambomart is neither a banking service nor a financial service but is merely a facilitator/ facilitating the service of providing an automated online electronic payment system, authorized banking infrastructure and credit card payment gateway networks or payment through other permitted payment systems or cash on delivery, for the transactions on the Website. Further, by providing the payment facility, Vambomart is neither acting as an agent, nor a trustee and nor acting in a fiduciary capacity with respect to any transaction on the Website.
5.4 Vambomart shall, and You hereby authorize Vambomart to, make the payment of the Seller Proceeds to You after deducting Vambomart‟s Marketing Fee, Logistic Service Provider Fees, Payment Collection Fees and any other applicable fees as per the Commercial Term Segment. The fee and charges in the preceding paras may be for services provided by third party service providers of Vambomart and Vambomart merely deducting one or more of such third party related fee and charges shall not be deemed to be providing the corresponding services to You. You shall be liable or responsible for bank charges or other costs incurred on account of incomplete or inaccurate information provided by You with respect to your Designated Account. In absence of any Seller Proceeds or in the event Seller Proceeds are not sufficient for Vambomart to deduct and recover the aforesaid fee and charges, You shall promptly pay such fee and charges upon receipt of the invoice for the same from Vambomart.
5.5 Vambomart shall, at all times, have the right and option to deduct / adjust / off-set any payments due to, or from, You in one sale transaction against any payments due from, or to, You in other sale transactions including recovery/ adjustment/ off-set of any outstanding amount due and payable by You to Vambomart from any Seller Proceeds payable to You and You authorize Vambomart to such recovery, deduction, off-set or adjustment.
5.6 Unless stated otherwise, any and all fees or charges payable by You pursuant to this Agreement are exclusive of applicable taxes, and You agree to pay any taxes that are imposed and payable on such payments.
5.7 Vambomart has the option to obtain an order for lower or NIL withholding tax from the applicable statutory authorities under Applicable Law. In case Vambomart successfully procures such an order, it will communicate the same to You. In that case, the amounts retained shall be in accordance with the directions contained in the order as in force at the point in time when tax is required to be deducted at the source. Where You have deducted the taxes, You will promptly issue an appropriate tax withholding certificate for such an amount to Vambomart.
6. OBLIGATIONS OF THE SELLER
6.1 You shall create and maintain all records of all the Products listed on the Website and also for those purchased by the Buyers through the Website, including all taxes, returns, refunds, etc., as may be required for various purposes including regulatory compliances and for the Website‟s Buyer‟s service purposes.
6.2 You may appoint a representative, who shall be Vambomart‟s point of contact for any and all matters related to this Agreement, including all listings, sales and delivery related matters, and shall be authorized by You to communicate with Vambomart regarding Your use of the Website / Seller Panel, and all transactions between You and the Buyer.
6.3 You shall be solely responsible and liable for any complaints and queries of Buyers with respect to the Products, its details and specifications, selling price of the Products, warranty terms, delayed delivery or non-delivery of the Products purchased or any complaints with respect to the quality or quantity of the Products delivered.
6.4 You shall be solely responsible for making and delivering on any representations or warranties with respect to the quality of the Product to the Buyer, including all relevant Product warranties.
6.5 All orders placed on the Website are covered under the “TrustPay Policy ” which can be accessed from http://vambomart.com/trustpay/ program as displayed on Website and as may be amended from time to time. You shall use the Website and hereby agree and undertake that the transaction with the Buyer is subject to and shall be in full compliance with this TrustPay Policy.
6.6 Buyers will have the option of providing Product / Seller reviews and rating of Sellers from whom they have purchased any Products using the Website. Vambomart has the right (but not the obligation) to publish all such ratings and information received from the Buyer regarding the Product / Seller on the Website. Vambomart is not obliged to monitor or modify any such ratings or reviews. You confirm that you will not indulge in any unethical activity to manipulate, directly or indirectly, the information that can affect your rating. You further acknowledge that such ratings and reviews are the opinions of Buyers and Vambomart is not responsible for such ratings and reviews.
6.7 You agree that Vambomart takes no responsibility and assumes no liability for any content posted, stored or uploaded by You, Buyer or any third party, or for any loss or damage thereto, nor is Vambomart liable for any mistakes, defamation, slander, feedback, libel, omissions, falsehoods, obscenity, you may encounter. Vambomart is not liable for any statements, representations or content provided by its users in any public forum, personal home page or other interactive area.
6.8 Vambomart will have the rights to enable the product approval process before display to Buyers, time to time. But due to this Vambomart doesn’t have any responsibility for Seller products contents and its authenticity and whatever is mentioned in these agreements in various clauses. This is just for holding the products publishing to Buyer for a short time of span.
7. TAX MATTERS
7.1 You will be responsible for the invoicing, collection and payment of any and all of taxes applicable on the Product sold thorough the Website together with the filing of all relevant returns and compliance required under VAT/CST/Entry Tax, Cess / Local Business Tax, Service Tax, Excise, GST, Customs or any other tax applicable on the Product listed and sold by You and applicable on You according to the Central / State / Local / Municipal Applicable Laws.
7.2 You will be solely responsible to charge the correct rate of applicable taxes. You shall discharge Your obligations with respect to these taxes under Applicable Laws including valuation, MRP and classification of Product listed by You on Vambomart and for any liability arising out of Your failure to comply with these obligations You shall be liable to indemnify Vambomart and other persons in accordance with this Agreement. You will issue GST Tax invoice/credit memos as applicable including immediate correction, in case any discrepancies or errors are observed in terms of the mandatory statutory requirement prescribed under Applicable Laws. You will be solely responsible for preparing, making and filing any tax return/audit report, statutory reports and other filings and responding to any tax or financial audits of Your Products.
7.3 You will be responsible to obtain and maintain all valid Consents including but not limited to Central Goods and Services Tax (CGST)/ State Goods and Services Tax (SGST)/ Union Territory Goods and Services Tax (UTGST)/Integrated Goods and Services tax/Goods and Services tax Compensation Cess, LBT, Customs duty etc. applicable on Your business or transactions and at no point of time You will accept the delivery of any order in case the Consent or any tax registration number is cancelled by the revenue authorities. You will be responsible to provide immediate request of deactivation of Your registration in Vambomart database in case of any change of ownership, restructuring or cessation of business by You.
7.4 In case of instruction from any statutory authority or in the interest of tax compliances, Vambomart may ask and You agree to promptly provide Vambomart requisite evidence of Your discharge of obligations relating to taxes and in case of Your failure to duly deposit and / or comply with tax obligations, Vambomart shall have the right to immediately de-activate Your account and/or utilize Seller Proceeds for discharging statutory obligations arising due to Your failure.
7.5 If Vambomart is required by Applicable Law to collect any taxes from You, You will immediately pay such taxes to Vambomart and Vambomart shall have the right to deduct or recover the same from the Seller Proceeds.
7.6 If for any reason, any income tax or withholding tax or any statutory dues or taxes are instructed by any statutory authority to be deducted and deposited on any payments or remittances to You including Seller Proceeds or Selling Price, Vambomart will have the right to deduct and deposit any such applicable taxes with the appropriate statutory authority and the remit the balance amount to You. No claim in respect of such taxes deposited would be made by You against Vambomart.
7.7 You undertake that all information provided by You in relation to Your above obligations including various registration / Consents are true, accurate and current and You will immediately update any such information in case of any changes. Vambomart reserves the right to request additional information and to confirm the validity of any of Your account information (including without limitation Goods and Services Tax (GST) related registration number) from You or Government authorities and agencies as permitted by Applicable Laws and You hereby irrevocably authorize Vambomart to request and obtain such information from such Government authorities and agencies. Further, You agree to provide any such information to Vambomart immediately upon request. Vambomart reserves the right to charge You any applicable unbilled Goods and Services Tax if You provide a Goods and Service Tax identification number, or evidence of being in business, that is determined to be invalid. Goods and Service tax registered sellers and sellers who provide evidence of being in business agree to accept electronic Goods and Services Tax invoices in a format and method of delivery as determined by Vambomart in compliance with Applicable Law.
7.9 In addition to other indemnification obligations in this Agreement, You agree to indemnify, defend and hold harmless Vambomart, its affiliates and its respective officers, directors, employees, contractors , representatives and agents against:
a) Road permits / Way-bill / Forms, if required by the Logistic Service Provider or any other related third party for the entry/exit of goods to/from the State in which You are conducting Your business by using Vambomart Website/ facility and the same will be provided by You at your own expense.
7.10 Notwithstanding anything else contained herein, if subsequent to the date of signing of this Agreement or activation of Seller Panel, any new or additional taxes and similar levies in nature and any increased in the direct cost resulting from future legislation or interpretation of existing or future legislation, including and not limited to, VAT/CST, Central Goods and Services Tax (CGST)/ State Goods and Services Tax (SGST)/ Union Territory Goods and Services Tax (UTGST)/Integrated Goods and Services Tax (IGST)/Goods and Services tax Compensation Cess, R&D cess, works contract tax, services tax, excise, LBT, entry taxes, Customs duty etc. are imposed by Government/s or the concerned authorities which You are bound to pay in respect of the payments received by You in pursuance of the sale of Products or services rendered by You to Buyers on Website, then such new/additional taxes/levies will be borne by You. Additionally, the implementation of any upward / downward change in the rates of the existing taxes/levies shall be Your sole responsibility.
7.11 You agree that any non-compliance of taxes matters under this clause may cause prejudice or harm to the reputation and goodwill of Vambomart. If Vambomart is informed or aware about any such non-compliance then without prejudice to Vambomart‟s other rights and remedies under Applicable Laws, this Agreement or equity, Vambomart shall be entitled to withhold any amount accrued to You pursuant to this Agreement including any Seller Proceeds. Vambomart shall also be entitled to off-set or withhold remittances of an amount which in its reasonable estimation is required to safeguard its interests or comply with statutory directions / instructions or to cover losses, damages, liabilities, penalties or claims and for such purpose You hereby authorize Vambomart to give instructions to the Nodal Bank to release the corresponding payments to Vambomart or to any relevant third party.
8. TRANSFER OF OWNERSHIP OF PRODUCT, LOGISTICS AND
BUYERS’ RIGHTS
8.1 You agree that Vambomart‟s role is that of an intermediary in the form of an online marketplace and is limited to managing the Website to permit You to exhibit, advertise, display, make available and offer to sell the Products and other incidental services to facilitate the transactions between You and the Buyers. Accordingly, the contract for sale of any of the Products shall be a bipartite contract between You and the Buyer. At no time shall Vambomart have any obligations or liabilities in respect of such contract nor shall Vambomart hold any title in the Products. The title in the Products and other rights and interest in the Products shall directly pass on the Buyer from the Seller in accordance with the terms of this Agreement.
8.2 The ownership (i.e. title) and risk in the Product purchased will get transferred from the Seller to the Buyer free of any lien, charge, encumbrance or any third party interest after successful delivery of such Product at the delivery address provided by the Buyer on the Website at the time of ordering, and until such time the ownership and risk in the Products shall vest with the Seller alone. As a market place, Vambomart will extend its services to Sellers by giving mandates to Logistic Service Providers for facilitating the smooth functioning of the transaction between You and the Buyer. Any damage in transit on account of inadequate/unsuitable packaging will be to the account of the Seller.
8.3 You will offer a standard manufacturer‟s or seller‟s warranty actually associated with the Products. Further, in the event You are not the manufacturer of the Products, You will pass on the warranties provided by the original equipment manufacturer / original manufacturer of the Products to the Buyer at the time of sale of the Products. You agree that the options of repair, replacement or 100% (one hundred percent) refund of Selling Price will be provided by You to the Buyer in the event of any manufacturing defect or damage in relation to the Product. You shall issue a suitable, duly stamped, manufacturer‟s warranty card to the Buyer with the Product at the time of dispatch of the Product, if applicable. The Parties also agree and acknowledge that the primary and sole responsibility for redressal of the Buyer‟s complaints will rest solely with You at all times.
8.4 The bi-partite relationship between You and the Buyer for any transaction between You and the Buyer on or through the Website shall be further subject to the Standard Terms of Sale.
8.5 During the course of Your dealing with the Buyer on or through the Website, You may receive or be provided certain personally identifiable information or sensitive personal information of the Buyer. You shall keep such information strictly confidential and shall not disclose or reveal such information to any third party. In addition to the above confidentiality and non-disclosure obligation, You shall ensure that Your dealing with Buyer‟s information shall not lead to Vambomart‟s breach of the Privacy Policy with respect to such Buyer‟s information.
9. AUDIT
Vambomart shall have the right to inspect and audit Your records and premises / place of business through itself or through Vambomart approved third party in case the same is required to ensure Vambomart compliance of Applicable Laws or any statutory obligations / instructions.
10. REPRESENTATIONS AND WARRANTIES
10.1 The Parties hereby represent and warrant to each other as under:
10.1.1 The Parties have all requisite power, authority and competency to execute the Agreement, deliver and perform their obligations under this Agreement and have been fully authorized by all requisite corporate actions to do so; and
10.1.2 The execution and performance of this Agreement by either Party does not and will not violate any provision of any existing contract or Applicable Law.
10.2 In addition, the Seller represents, undertakes and warrants that, at all times during the Term of this Agreement, it will:
10.2.1 deal honestly, fairly, and in good faith with both Buyer and Vambomart;
10.2.2 not exhibit, advertise, make available, offer for sale, sell or deliver any Banned Products or counterfeit or fake products on the Website;
10.2.3 not to claim or represent any refurbished products or second hand products as “new” or “un-used”, as the case may be;
10.2.4 deliver the Products to the Buyers in a timely manner consistent with the terms of this Agreement;
10.2.5 exhibit, advertise, make available, offer, sale, deliver the Products in accordance with all Applicable Laws;
10.2.6 comply with all Applicable Laws in the performance of this Agreement;
10.2.7 procure and shall maintain all Consents required for exhibiting, advertising, making available, offering, selling, delivering the Products;
10.2.8 attend to, and resolve, the Buyers‟ queries with regard to the delivery of the Products and the quantity and quality of the Products immediately from the date of receipt of such query;
10.2.9 ensure that every Product exhibited, advertised, made available, offered or sold on the platform is manufactured / imported in compliance with the Applicable Laws;
10.2.10 ensure that the Selling Price of all the Products offered on the Website shall be either equal to, or less than, the Maximum Retail Price (MRP) of that Product, as may be determined in accordance with Applicable Laws. The MRP, along with other statutory declarations, shall be mentioned on each Product and/or on its packaging in accordance with Applicable Laws. You confirm that selling and delivering Products above MRP or any type of misrepresenting related to MRP, discounts etc. or indulging in any other unlawful/ unethical practice through the Website will cause great prejudice and harm to the reputation and goodwill of Vambomart and in case of any such complaint, You shall be liable to pay or compensate such amount to Vambomart in accordance with “http://vambomart.com/prohibited-seller-activities/”. You agree that this liability will not be treated as penalty and Vambomart shall have all other legal and contractual rights and remedies under this Agreement and Applicable Laws. In addition to this, Your Products will be immediately delisted from Vambomart and all Your rights will be revoked;
10.2.11 not re-register with another name in the event of delisting due to any reason pursuant to this Agreement.
10.3 The Seller hereby declares and represents that it deals only in original, new and unused, legitimate and genuine Products which are either self-manufactured and/or procured from legitimate channels or wherever required Seller has authority to deal in / sell such Products and in compliance with Applicable Laws. Where the Seller deals in refurbished or second-hand products, the Seller shall not list or advertise the Products on the Website stating these are new or unused.
10.4 The content of the Products, the text descriptions, graphics or pictures regarding the Product being uploaded on the Website and the Product packaging, shall not be obscene, libelous, defamatory or scandalous or which is capable of hurting the religious sentiments of any segment of the population or constitute an infringement of any intellectual property rights of any person or entity. All such content and information shall be in compliance with Applicable Laws as well as Vambomart‟s Website Terms of Use, Terms of Sale and Privacy Policy.
10.5 The Seller represents that the Seller shall not, at any time, use any intellectual property of Vambomart in any manner without the prior written consent of Vambomart. The Seller also represents that the Seller shall not purchase any Vambomart metatags on the Internet without the prior written consent of Vambomart.
10.6 The Seller represents and warrants that if Seller is found indulging in providing of false or misleading information or provision of defective or counterfeit Products, or is infringing any third party‟s intellectual property rights, then Vambomart may initiate civil and/or criminal proceedings against the Seller and Vambomart may, at its sole discretion, suspend, block, restrict, or cancel the Seller‟s registration on the Website and /or disqualify / bar the Seller from selling the Products on the Website.
11. DISCLAIMER
THE WEBSITE, SELLER PANEL AND THE SERVICES INCLUDING THIRD PARTY SERVICES, ALL CONTENT, FUNCTIONS, SOFTWARE,
MATERIALS AND INFORMATION AVAILABLE OR PROVIDED IN CONNECTION WITH THE SERVICES ARE PROVIDED ON “AS-IS” BASIS WITHOUT WARRANTY OF ANY KIND, EXPRESS, IMPLIED, STATUTORY OR OTHERWISE, INCLUDING THE IMPLIED WARRANTIES OF TITLE, NON-INFRINGEMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. WITHOUT LIMITING THE FOREGOING, VAMBOMART MAKES NO WARRANTY THAT (I) THE WEBSITE, SELLER PANEL OR ANY THIRD PARTY SERVICES IN RELATION TO THE SAME WILL MEET YOUR REQUIREMENTS OR YOUR USE OF THE WEBSITE, SELLER PANEL OR ANY THIRD PARTY SERVICES WILL BE UNINTERRUPTED, TIMELY, SECURE OR ERROR-FREE; (II) THE RESULTS THAT MAY BE OBTAINED FROM THE USE OF THE WEBSITE, SELLER PANEL OR ANY THIRD PARTY SERVICES IN RELATION TO THE SAME WILL BE EFFECTIVE, ACCURATE OR RELIABLE; (III) THE QUALITY OF THE WEBSITE, SELLER PANEL OR ANY THIRD PARTY SERVICES IN RELATION TO THE SAME WILL MEET YOUR EXPECTATIONS; OR (IV) ANY ERRORS OR DEFECTS IN THE WEBSITE, SELLER PANEL OR ANY THIRD PARTY SERVICES IN RELATION TO THE SAME WILL BE CORRECTED. NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED BY YOU FROM VAMBOMART, THE THIRD PARTY SERVICE PROVIDERS OR THROUGH THE WEBSITE / SELLER PANEL SHALL CREATE ANY WARRANTY NOT EXPRESSLY STATED IN THE TERMS OF USE.
12. INTELLECTUAL PROPERTY RIGHTS
12.1 Both Parties agree that all intellectual property, including any brands/logos, trademarks, etc., belonging to each Party are the exclusive property of the respective Party and, except as provided in this Agreement or permitted under Applicable Laws, cannot in any circumstances be used, or copied, or altered in any manner. Further, except as provided in this Agreement or permitted under Applicable Laws, neither Party may use any intellectual property, including any brands / logos, or trademarks, which is identical/ similar the brands/logos/trademarks of the other Party without being specifically authorized in writing by that other Party.
12.2 The information and data (including personal and sensitive information and data) of the Buyer or any user of the Website shall be proprietary to Vambomart and Vambomart shall alone retain all rights including all intellectual property rights in such information and data. No rights in or to such information and data are deemed to have been granted to the Seller. To the extent Seller derives any rights in such information and data by virtue of it undertaking the sale and purchase transaction with a Buyer, the Seller shall hold such rights in trust for Vambomart and the Seller shall do and undertake all such acts to exclusively assign such rights in the information and data to Vambomart. The Seller further agrees that (a) all such data and information shall be treated as Confidential Information of Vambomart for the purposes of this Agreement, irrespective whether whole or part of such data is available in public domain; (b) Vambomart being the owner and proprietor of such data and information shall be entitled to use, store and exploit the same in any manner as may be deem fit by Vambomart and in accordance with Vambomart‟s privacy policy as provided on the Website from time to time; and (c) Seller shall not use such information and data other than selling the Products through Website or required for law enforcement purposes and shall in no way sell, transfer or otherwise exploit such information and data.
12.3 You hereby authorize Vambomart to use and include Your trademarks (as may be provided by You from time to time) and Your corporate name on the Website and in any directory or promotional material produced in connection with the promotion of the Website or the Products offered by You on the Website without any license fee or royalty and such usage shall be without any consideration.
12.4 You acknowledge that Vambomart is merely an intermediary with respect to the Products listed on the Website. However, on receiving written notification of any alleged infringement of third party intellectual property rights due to exhibition, advertisement, display or offer for sale of any Products/third party trademark or copyrighted matter on the Website (including availability or sale of counterfeit goods on the Website), Vambomart shall, in compliance with Applicable Laws, remove / delist the allegedly infringing Products / content from the Website, with or without prior notice to You and shall have the right to provide Your information, data and details to the person from whom such notification is received or such person‟s principal.
12.5 By submitting materials to Vambomart for Your use of Website, You hereby grant Vambomart and its affiliates a worldwide, perpetual and for as long thereafter as You are permitted to grant the said licence, royalty-free license (which may be exercised only in connection with our promotion and / or distribution of Your Products) to do the following:
make reasonable modifications to the submitted materials;
use, copy and distribute materials and modifications for our internal business purpose;
use, copy, distribute and display materials and modifications on the internet and on other means of electronic or digital commerce to promote the Website or Your Products;
use all trademarks and trade names associated with the materials.
Vambomart will be the exclusive owner of any permitted modifications that it may create. By submitting materials, You warrant that You have full authority to grant the licenses described above, that You have not misrepresented Your identity in any manner, that any factual information You submit is true and accurate and that Vambomart and its affiliates exercising of their license rights will not violate any proprietary rights of any third party.
12.6 The ownership of the Website shall always vest with Vambomart (or its assignees) and Vambomart shall make reasonable efforts to deal with any technical issues affecting the Website (such as, for instance, the Website becoming inoperative). Vambomart does not warrant that the Seller will be able to use the Website and exhibit, advertise, offer for sale the Seller‟s Products at all times or locations on the Website or that the Website and the services provided through the Website will be uninterrupted or error-free or that the defects will be corrected by Vambomart.
12.7 Seller acknowledges that Vambomart hereby reserves all rights except those expressly granted herein, and that no right or license will arise by implication, estoppels or otherwise by operation of law. Seller shall not and shall not cause to reverse engineer, disassemble or decompile any application, software or other material or objects associated with the Website.
13. ANTI BRIBERY AND ANTI CORRUPTION POLICY
13.1 The Parties agree to conduct all their dealings in a very ethical manner and with the highest business standards.
13.2 The Seller agrees to comply with “Anti-Bribery and Anti-Corruption Policy” as may be applicable to Third Parties (the term as defined in the Anti-Bribery and Anti-Corruption Policy) and adopt appropriate processes to prevent offering any illegal gratification in the form of bribes or gifts either in cash or in kind in the course of all dealings with Vambomart or any other third parties for the purpose of this Agreement. Any instances of such violations will be viewed in a serious manner and Vambomart reserves the right to take all appropriate actions or remedies as may be required under the circumstances.
13.3 The Seller will provide all possible assistance to Vambomart in order to investigate any possible instances of unethical behavior or business conduct violations by an employee or hired person of the Seller.
14. LIMITATION OF LIABILITY
14.1 Seller‟s acknowledgements: Seller acknowledges that Vambomart has made and is in the process of making substantial investment both monetary, knowhow and otherwise to establish its trade name among consumers and distributors so as to create a goodwill connoting a specific manner in which goods and services can be presented on and sold through the Website. The Seller further recognize that overall success of the Website and trade names of Vambomart and its affiliates depends on the users of the Websites and how public in general perceives Website as a trusted online and electronic marketplace to buy and sell goods and services.
14.2 NOTWITHSTANDING ANYTHING CONTRARY CONTAINIED IN THIS AGREEMENT, IN ANY EVENT VAMBOMART AND ITS AFFILIATES SHALL NOT BE LIABLE (WHETHER IN CONTRACT, WARRANTY, TORT, INCLUDING, BUT NOT LIMITED TO, NEGLIGENCE, PRODUCT LIABILITY OR OTHER THEORY), TO THE SELLER OR ANY OTHER PERSON OR ENTITY FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE OR EXEMPLARY DAMAGES (INCLUDING DAMAGES FOR LOSS OF REVENUES, LOSS PROFIT OR ANTICIPATED PROFITS, LOSS OF GOODWILL, LOSS OF BUSINESS OR DATA OR COST OF PROCUREMENT) ARISING OUT OF OR IN RELATION THIS AGREEMENT EVEN IF VAMBOMART HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. Vambomart‟s entire liability to Seller under this Agreement or under any Applicable Law or equity shall be limited solely to actual and proven direct damages sustained by the Seller as a result of the gross negligence or willful misconduct of Vambomart in the performance of its respective services and other obligations under this Agreement. In no event shall Vambomart be liable, vicariously or otherwise, to the Seller and its affiliates or any third party for any losses, damages, liabilities, costs (including reasonable legal costs) and expenses (including taxation) which are in the aggregate in excess of the Vambomart Marketing Fee actually paid by Seller to Vambomart in relation to the Products in dispute except that if such losses are due to loss or damage to the Products by
Logistics Services Provider the limitation of Vambomart‟s liability shall be equal to the Seller Proceeds.
15. CONFIDENTIALITY
15.1 You acknowledge that during the existence of this Agreement, You will have access to confidential information of Vambomart and its affiliates and their respective third parties which shall include the data and information of Buyer or any user of the Website. You undertake to keep strictly confidential all data, reports and other confidential information supplied to You by Vambomart or You have the access under this Agreement and shall not sell or otherwise make that information available to any third parties and shall not use the confidential information solely in connection with this Agreement.
16. INDEMNIFICATION
16.1 In addition to any other indemnification obligation of the Seller in this Agreement, the Seller shall indemnify and hold harmless Vambomart, its affiliates, successors, agents, assigns, and each of their directors, officers, employees, associates, agents, and representatives from and against any losses, damages, liability, settlement, claims, costs, taxes, penalty and expenses (including, without limitation, reasonable attorneys‟ fees) incurred by reason of (i) any breach or alleged breach by the Seller of this Agreement; (ii) any violation by the Seller of Applicable Law or Consents or Seller not obtaining any Consent; (iii) any breach by the Seller of any Vambomart Policies or any other policies; (iv) any infringement and passing off of intellectual property rights of any third party; (v) breach of your obligations relating to taxes or the collection, payment or failure to collect or pay Taxes; (vi) Your breach of legally binding product and / or public liability;
(vii) the Products or the content of the Products; or (viii) any cheating, misappropriation, fraud or illegal activity of Seller of any its employees or representatives.
16.2 Seller shall be under an obligation to ensure that Vambomart is not made a party to any third party claims and shall promptly and unilaterally take adequate steps to absolve Vambomart from any liability of any nature whatsoever, either present or anticipated.
16.3 Vambomart shall be entitled to off-set an amount which in its reasonable estimation is required to safeguard its interests or comply with statutory directions / instructions or to cover losses, damages, liabilities, penalties or claims or towards the indemnification obligation of the Seller herein contained.
16.4 Seller shall notify Vambomart of any claims made against the Seller, in relation to its use of the Website / sale of Products to Buyers on the Website, within 3 days of receipt of any notices, or knowledge of such claim by the Seller. In case Vambomart at its sole discretion determine that any claim (brought to its notice by You or otherwise) might affect Vambomart, You shall not consent to any settlement or further proceedings without Vambomart prior written consent.
17. ASSIGNMENT
17.1 The rights and obligations under this Agreement shall not be assigned or transferred by You to any third party whomsoever, during the Term of this Agreement and any such assignment shall be void.
17.2 Vambomart shall be entitled to transfer or assign any or all of its rights and/or obligations under this Agreement to a third party without a prior written notification to You or any requirement to obtain Your consent.
18. SUSPENSION AND TERMINATION
18.1 This Agreement may be terminated:
(i) By Vambomart, with immediate effect, if You are in breach of any of its terms and/or any of the Vambomart Policies, provided that, instead of terminating this Agreement, Vambomart may, at its discretion, delist or disable Your listings from the Website and/or temporarily or permanently disable Your access to Seller Panel and/or User ID;
(ii) By Vambomart, without any reason, by giving You a prior written notice of seven (7) days;
(iii) By Seller, with 30 (thirty) days prior written notice to Vambomart (to its Grievance Officer), unless specifically stated to the contrary in this Agreement; or
(iv) By Vambomart, with immediate effect, if a petition for relief under any bankruptcy or insolvency is filed by or against You, or You make an assignment for the benefit of the creditors, or a receiver or an administrative receiver or administrator is appointed for all or a substantial part of Your assets.
18.2 Vambomart also has the right to suspend Your access to the Seller Panel (instead of terminating the Agreement) for any period of time (during which time period You shall not be permitted to sell Your Products on the Website) on the occurrence of any of the termination triggers specified in Clause 18.1 above or without any reason as stated in 18.1(ii) above.
19. CONSEQUENCES OF TERMINATION
19.1 On termination of this Agreement:
19.1.1 Vambomart will, with immediate effect, block Your access to the Seller Panel and/or Website and consequently, You shall not be able to offer any Products to the Buyers thereafter; and
19.1.2 You shall return to Vambomart all the confidential information of Vambomart and all other properties and materials belonging to Vambomart. Where the confidential information cannot be returned in material form, You shall destroy all of Vambomart‟s confidential information and shall provide Vambomart with a certificate of destruction with respect to the same.
19.2 A Seller, whose arrangement under this Agreement has been terminated by Vambomart for any reason whatsoever, shall not have the right to re-register himself /itself as a Seller on the Website at any time after such termination, unless Vambomart, in its discretion, permits such re-registration.
19.3 It is agreed that the provisions set out in clause 7 to 18, 19, 20, 21, 22 and all those provisions and obligations which, by their very nature, survive the termination of this Agreement, shall continue to be binding on the Parties.
19.4 On the termination of the Agreement, You will be entitled to only the Seller Proceeds which have become due to You on account of any purchase of the Products, made through the Website, prior to the date of termination of this Agreement. Vambomart shall be entitled to adjust and off-set any monies, due from You to Vambomart till the date of termination, from the Seller Proceeds payable to You on termination.
19.5 Without prejudice of the foregoing, the termination of this Agreement pursuant to any of the provisions contained herein above shall not limit or otherwise affect any other remedy (including a claim for damages), which either Party may have, arising out of the event which gave rise to the right of termination.
19.7 Termination of this Agreement or suspension of any rights of Seller under this Agreement shall not relive Seller of its duties and obligations towards the Buyer after the Buyer has purchased the Product listed by Seller on the Website.
20. DISPUTE RESOLUTION, GOVERNING LAW AND JURISDICTION
20.1 Any dispute between the Parties hereto during the subsistence of this Agreement or thereafter, in connection with, or arising out of, this Agreement, shall be referred to arbitration under the Arbitration and Conciliation Act, 1996, including any amendments or re-enactments thereto to be adjudicated by a sole arbitrator to be appointed by Vambomart. Arbitration shall be held at Sonipat, Haryana, India. The proceedings of arbitration shall be confidential and in the English language. The arbitrator‟s award shall be final and binding on the Parties. During the pendency of the arbitration proceedings or any judicial proceedings, Vambomart shall have the right, to be exercised in its sole discretion, to suspend the Seller Panel access or any other access of the Website to the Seller.
20.2 The Agreement shall be governed by and construed in accordance with the laws of India, without reference to rules governing choice of laws. Except for any equitable relief, for which a Party may approach any court having competent jurisdiction, the courts of Sonipat, Haryana, India., shall have exclusive jurisdiction in connection with this Agreement. Each of the parties hereby irrevocably consents to the jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. You shall not accept this Agreement and use the Website if You do not wish to submit to the aforesaid laws and jurisdiction.
21. AMENDMENT
21.1 Vambomart may amend the terms and conditions of this Agreement including the Commercial Term Segment and the Vambomart Policies at any time in its sole discretion by intimating You by way of notification on the Seller Panel and/or by sending an email to the email ID provided in the Seller Registration Form. It is your responsibility to review amendment notifications from time to time.
21.2 YOUR USE OF WEBSITE IN YOUR CAPACITY AS SELLER OR YOUR USE OF SELLER PANEL AFTER ANY MODIFICATION, AMENDMENT OR REVISION BEING SO NOTIFIED SHLL BE DEEMED AS YOUR ACCEPTANCE TO SUCH MODIFICATION, AMENDMENT OR REVISION.
22. MISCELLANEOUS
22.1 Force Majeure: Any delay in or failure to perform any obligations by the Parties under this Agreement shall not constitute default hereunder if and to the extent caused by force majeure, which is defined to be occurrences beyond the reasonable control of the Party committing default, including but not limited to technical crash/downtime of website, acts of the government authorities, acts of God, fire, flood, explosion, riots, war, rebellion, insurrection, sabotage and non-cooperation of third parties. Provided, however, that Seller shall give prompt written notice within a period of two (2) days from the date of the force majeure occurrence to the Vambomart. You shall use all possible efforts to avoid or remove such cause of non-performance and shall continue performance hereunder whenever such causes of force majeure are removed. During a force majeure condition You shall give first priority to complete or fulfill the orders You have received through the Website.
22.2 Entire Agreement: This Agreement, along with the Commercial Terms Segment and Vambomart Policies shall constitute the full and complete Agreement between the Parties hereto relating to the subject matter thereof. The Parties state that there are no oral statements, representations, warranties, undertakings or agreements between the Parties except as provided herein. This Agreement supersedes/cancels all prior communications, understandings and agreements whether written or oral or in electronic form, (such as the Seller Registration Form), between the Parties hereto.
22.3 Notices: Any notice or other communication to be given hereunder will be in writing and in English language and given by facsimile, post-paid registered, certified mail return receipt requested, or electronic mail. Notice to You shall be issued at the address including electronic address provided by You in the Seller Registration Form, as amended by You from time to time.
22.4 No Partnership or Agency:- Seller and Vambomart are independent contractors, and nothing in this Agreement will be construed to create a partnership, joint venture, association of persons, agency (disclosed or undisclosed), franchise, sales representative, or employment relationship between the Parties. As an abundant caution, it is clarified that Vambomart shall not have any right to conclude any contract for sale or purchase of Products for and / or on behalf of the Seller and both parties have entered this agreement on a principal to principal basis.
22.5 Waiver: No failure or delay on part of any Party hereto exercising any rights or remedies hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy hereunder preclude any other or further exercise thereof or the exercise of any other rights or remedies by such Party. All waivers to be valid shall be in writing and signed.
22.6 Severability: Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction will, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining portions hereof or affecting the validity or enforceability of such provision in any other jurisdiction. Further, such provision shall be modified to the extent necessary to render it, as modified, valid and enforceable under applicable laws of such jurisdiction.
22.7 Rights and Remedies Supplementary: The rights and remedies of Vambomart available under this Agreement are supplementary to, and in addition to, any rights and remedies available to Vambomart elsewhere or under Applicable Law or in equity.
22.8 Construction: This Agreement represents the negotiated agreement of the Parties, with the advice and assistance of counsel, and shall not be construed against either party as the drafter thereof. This Agreement is written in English and the controlling language of the Agreement shall be English.
22.9 Grievance Officer: In compliance with Information Technology Act, 2000 and the rules made thereunder, the Grievance Officer of Vambomart for the purpose of this Agreement shall be Mr. Rakesh Yadav with email address: info@localhost. Vambomart may change the aforesaid details from time to time.
Vambomart’s List of Banned Products (Indicative List not exhaustive)
1. Adult Products and Pornographic/ Obscene Materials (including child pornography) in any form (Print, audio/video, MMS, images, photographs, etc.)
2 Alcohol
3. Animals, whether live or dead including its parts and products
4. Any article/material/service which cannot be exhibited, advertised, made available, offered for sale at e-commerce platforms/ technology due to restrictions/conditions for sale of those articles / material/ service unless all those conditions are met pursuant to the Applicable Laws
5. Any article/material/service which are prohibited by any law at any given time.
6. Any item/material which may assist in performance of any illegal or unlawful activity
7. Counterfeit Goods and goods/materials infringing any intellectual property rights
8. Currency, Negotiable Instruments, etc.;
9. Endangered species of animals and plants, whether alive or dead
10. Fire Arms, parts thereof and ammunitions, weapons, knives, sharpedged and other deadly weapons, and parts of, and machinery for manufacturing, arms, but does not include articles designed solely for domestic or agricultural uses such as a lathi or an ordinary walking stick and weapons incapable of being used otherwise than as toys or of being converted into serviceable weapons;
11. Financial Services
12. Grey market product
13. Hazardous materials including but not limited to acid, fireworks, explosives, flammable adhesives, poison, hazardous chemical, oil-based paint and thinners (flammable liquids), industrial solvents, insecticides & pesticides, machinery (containing fuel), Fuel for camp stoves/lanterns/heating elements, infectious substances etc.
14. Human remains or skeleton
15. Invoices (including blank, pre-filled, or value added invoices or receipts), is strictly prohibited on the Site )
16. Liquefied Petroleum Gas cylinder
17. Maps and literature where Indian external boundaries have been shown incorrectly
18. Narcotic Drugs and Psychotropic Substances
19. Government related items/ equipment‟s (like wireless with frequency used by Police, uniforms of Government officials including but not limited to Police/ Army, etc.)
20. Prescription Medicines and Drugs
21. Racially/ethnically/religiously offensive materials
22. Radioactive Materials
23. Reptile skins
24. Sex Determination Kit
25. Stocks and Securities
26. Stolen Properties
27. Unauthorized Copies of Intellectual Property
28. Veterinary Drugs for animals
29. Wildlife and Animal Products
30. Any other sanctioned or prohibited items as per law.
31. Passports, other government issued personal documents
32. Any other items deemed unfit for carriage by Vambomart