This agreement is made on this date as generated on the submission of vendor on-boarding request form of Sportzila.com by the To Be “Vendor” with details as mentioned in the said on-boarding request form (hereinafter referred to as “the Vendor” which expression shall mean and include his/her/its successors in title, administrators and assigns) for the FIRST PART
NEOSTAR WORLDWIDE, a proprietorship firm having its office at 378-379 Leather Complex, Jalandhar (hereinafter referred to as “the Company”) of the SECOND PART.
3.3. The Company shall collect the Payment on behalf of the Vendor in respect of the Orders received through Online Store. In consideration of the services rendered underthese presents, the Company shall charge the Services charges to the Vendor at the rates specified by the Company. The Company shall pay the Vendor an amount recovered as Price minus the sum of shipping charges, service charges and shipment cost in respect of approved order(s) through the Online Store. The shipment cost will be levied at Rs. 15/- per transaction (by a particular customer). The said Shipment cost will be independent of the Quantity shipped for a transaction by a particular customer. However, in the event, the Vendor handles the Shipment of the Products; the Company shall pay to the Vendor an amount recovered as Price minus the service charges. Any amount to be paid to the Vendor by the Company shall be paid net of reversals.3.4. In the event any order is reversed due to “Damaged product”, “Quality Issue”, “Not delivered” or “Wrong Item delivered”, Vendor agrees that the Company shall levy the Service charges, plus a penalty of the service charge of the product (upto a maximum limit of Rs 500) and the said charges will be deducted from the amount due and payable to Vendor.3.5. Further Company shall debit the Service charges (upto a maximum limit of Rs 500) to the Vendor in the event the product cannot be delivered by the Vendor due to “out of stock” and in such an event Vendor shall be liable to bear all the cost and claims (including cost of legal proceedings, cost of attorneys, claims, etc.) raised against the Company.3.6. Payment reimbursement of the Sale Proceeds to Vendor shall be done by Company in the following manner:3.6.1. Vendor shall prepare a consolidated advice list of all orders delivered to the cutomer, 5 times in a month for every 7 days.3.6.2. The Company shall within 7 working days of receipt of advice process the amount due to Vendor and dispatch the Cheques / Demand draft favouring “ ________________________” / on line transfers.3.6.3. The Company shall deduct charges as specified in sub-clause 4 above and agreed with the Vendor from the total amount collected as Price for the orders received by the Vendor through online store.3.7. Vendor agrees to bear all the applicable taxes duties, or other similar payments (including VAT) arising out of the sales transaction of the product through the online store and sportzila.com shall not be responsible to collect, report, or remit any taxes arising from any transaction.
4. Obligations of the Vendor
Schedule A herein before referredDetails of product category wise commission
Sr No.: 1Category of Products: Sports Equipment and Related GoodsCommision in % terms: 10% plus GST