This agreement is signed and executed electronically online by thebelow mentioned
Independent Product Seller who has voluntarily out of his/her ownaccord and sweet
will offered to join the Direct Selling Networkbusiness of M/sVedic Ayurcure Health
and Retails Private Limited,” a company registeredunder the Companies Act 2013 (Registration
No. CIN –U74999DL2018PTC339352) having itsCorporate office atC-03, C – Block, Sector
– 6, Noida, Uttar Pradesh - 201301 India.(Hereinafter called “Company” or “Ayurcure”
which expression shall, unlessrepugnant to the context, includes its successors
in business,administrators, liquidators and assigns or legal representatives).
Whereas the company is engaged in “Direct selling” which meansmarketing, distribution
and sale of goods or providing of services through a network of Independent Product
Seller at different levels ofdistribution who may recruit or introduce or sponsor
further level ofIndependent Product Seller, vide its own specific Ayurcure Business
Plannot falling under a pyramid scheme.
AndWhereas the Independent Product Seller who is named below along with his KYCparticulars
therein has, after being explained all the provisions ofthe Ayurcure Business Plan,
product details and thepresent E-contract Agreement, in the language known to him
by Shri___________________ID No._______________ and after visiting thecompany’s
website www.vedicayurcure.comand ascertaining
all facts, has voluntarily offeredto join the business of the Company by Direct
Selling mode andresolved to enter into this E-contract agreement, hence this deed.
NOW THEREFORE THIS DEED COVENANTS AS UNDER:
- The Company assures that this E-contract agreement has no provisionthat anIndependent
Product Seller will receive compensation or incentive for therecruitment/enrolment
of new participants.
- The Company also assures that it does not requires a participant topurchase goods
or services for an amount that exceeds an amount forwhich such goods or services
can be expected to be sold or resold toconsumers.
- The Company also assures that it does not require a participant to payany entry
/registration fee, cost of sales demonstration equipment andmaterials or other fees
relating to participation.
- That anIndependent Product Seller herein assures that it has ascertainedfrom the
Ayurcure Business Plan (The same maybe read as part and parcel of this E-contract
agreement), thestipulated amount of any type of compensation like Incentives, rewards,
etc. including financial and non-financialbenefits payable to the Independent Product
Seller are only and only for effective sale of products and in no way for recruiting/sponsoring/introducing
anIndependent Product Seller.
- Cooling Off Policy:That the Company allows or provides to the Independent
Product Sellerherein a reasonable cooling off period of 30 (Thirty) days, from thedate
of execution of this E-contract agreement to participate or cancelhis/her participation
in the scheme and receive a refund of anyconsideration given to participate in the
operations. TheIndependent Product Seller shall be responsible to give intimation
to the company aboutsuch decision within specified period through E-mail or registeredletter
or speed post at company’s mail ID/Registered address. Thereturned products should
be in saleable condition i.e any seal/protectionon the goods is kept intact and
unbroken. The refund amount of such productshall be paid by the company withinreasonable
time of the date of receipt of the product at the Company’s premises
- Buyback Policy:That the Company allows or provides for a buy back
orrepurchase policy for “currently marketable” products sold tothe participant at
the request of the participant at reasonable terms on or before 30 (Thirty) days
from date of purchase invoice of product(s).The Buyback Guarantee Mechanism as displayed
on company’s website may be read as part and parcel ofthis E-contract agreement.
- That the Independent Product Seller herein agrees that the Company has established
a “Grievance RedressalMechanism” for consumers and Independent Product Sellers to
redress theirgrievances and complaints. The “Grievance Redressal Mechanism”
is displayed on the website of the company.The Independent Product Seller or the
customers can approach the Grievance Redressal Committee or the Grievance officer
of the company for their grievances.
- Vedic Ayurcure Health & Retail Private Limiteddoes not require anIndependent
Product Seller to invest money in anyform whatsoever except the cost of products
purchased by him/her anddoes not include any provision that the Independent Product
Seller herein willreceive compensation from the recruitment to participate. That
he/shewill receive compensation derived from the sale of productsonly.
- That the Company will provide all support to the Independent Product Sellerin delivery
of the products through Franchisee/Pick-up centers / Courier Service for maintaining
effective support system.
- That for appointment of theIndependent Product Seller herein the Companyrequireshim/
her to do the following and he / she shall complete the following steps. AnIndividual/
Firm/Company who is able to do contract as per the provision of the IndianContact
Act, 1872 and wish to becomean Independent Product Seller of the company, can apply
to beappointed as anIndependent Product Sellerfor marketing and selling of company’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 byclicking on “I AGREE”
button below.
- On the completion of the above process, the Independent Product Seller cantake a
printout of this agreement.
- Upon the execution of this agreement alongwith verification of all the documents
through the above process,the applicant shall become the Independent Product Seller
of the Company and anUnique Identification number and password shall beallotted
to the applicant, to allow him / her to log on to the official website of the Company
i.e. www.vedicayurcure.comto access his/
her own personal back office.
- That the Independent Product Seller shall submit the following documents in
hard copy to the company within 30 days from the date of execution of
this Agreement (Including the acceptance of terms of appointment) by clicking on
“IAGREE” button at the bottom of these presents (agreement) as well asall self-
attested attached documents.
- That the Company upon scrutiny and verification of theApplication and KYC particulars
may re-consider the decision of theappointment of Independent Product Seller for
Direct Selling of products ofthe Company. The Company shall have sole discretion
and liberty toreject his/her direct selling code, if the KYC and other documents
inhard copy are found unsatisfactory, mollified or fake etc.
- That the KYC shall include but not limited to verified proof ofaddress, proof of
identity and PAN. The Independent Product Seller shall submit PANto the company
as per the provisions of the Income Tax Act, 1961. TheIndependent Product Seller
should also submit to Company, any photo ID Card asissued by the State or Central
Government. These ID cards could be anyfrom the following:
- Aadhaar Car
- Voter ID Card
- Passport
- Ration card
- Any identity document issued by the state or centralgovernment which can be verified.
- Additional Documents required for Applicant in case of Company:
- CIN, MOA & AOA
- PAN and GSTIN
- List of Directors of the Company
- Board Resolution in favor of the Director signing andexecuting this E-Contract agreement
and Application
- Additional Documents required for Applicant in case of Firm:
- Partnership Deed or an Affidavit in case of Proprietorship firm
- PAN and GSTIN
- Authorization in favor of the Partner signing andexecuting this E-Contract agreement
and Application
- Scope of the Work:
- That the Independent Product Seller shall market andsell the products of the company
using word of mouth publicity, displayanddemonstration of the products, distribution
ofpamphlets, and door to door selling to consumers and prospective Independent Product
Sellers.
- That the company shall be exclusive owner of the name and logo ofthe company.The
Independent Product Seller shall not use the Vedic Ayurcure Health & RetailPrivate
Limited trademark, logotype and design anywhere without writtenpermission from the
Company. This permission, if given, can bewithdrawn at any time by the Company.
Violations shall invite, besides termination of Independent Product Seller-ship
of the Company, penal actions under the prevailing IPR laws and Rules.
- That the Independent Product Seller shall not manipulate the Ayurcure Business Plan,
pricing of products, LP/BV points etc., in any way whatsoever and shallnot send,
transmit or otherwise communicate any messages to anybody on behalf of the Company
without prior written authorization for the same from the management of the company.
- That the Independent Product Seller will get specified percentage /points-based
Incentivespertaining to the sales for sellingthe company products directly or indirectly
under this E-contract Agreement.
- That the Company hereby covenants that it shall provide to theIndependent Product
Seller with complete instruction books, catalogues, pamphlets for promoting sales
and shall providemandatory orientation training.
- That the company shall issue photo identity cards to Independent Product Seller.
This photo identity card shall be returned by the Independent Product Seller to
the company at the expiry/termination/revocation of theagreement and shall be destroyed.
The identity card shall contain theName & Unique ID number of the Independent
Product Seller.
- TheIndependent Product Sellerwill not be authorized to collect any type of cheques/demanddraft
in his own name, on behalf of the Company. All cheques/demand draftsetc. should
be drawn in the name ofthe company only and the same should be deposited with the
company office orother offices as may be specified by the company, within a day.
Independent Product Seller shall hold the said cash collection/cheque/DD in trust
for andon behalf of the company. Upon failure to deposit the said cashcollection/cheque/
DD, Independent Product Seller shall be liable to paydamages/compensation and Mesne-profit,
if any. The receipt/invoice issued by thecompany only would be valid documentary
evidence in the hand of theconsumer. It means Independent Product Sellerwould not
be authorized to issue anyreceipt/invoice on behalf of the company.
- That the company may open following facilities for sale of its products:
- Online Portal/ E-commerce
- Stores (Retail Outlets)
- Authorized Sales Point / Pickup Center
- That every Independent Product Sellerare not authorized to sell any product of the
company one-commerce platform/marketplace. The Independent Product Seller is also
prohibited from listing, marketing,advertising, promoting, discussing, or selling
any product, or thebusiness opportunity on any website or online forum that offers
likeauction as a mode of selling.
- Sales Incentives/Commission Structure or other Benefit that the
Independent Product Seller shall enjoy the following privileges:
- Sales Incentive related to their respective sales volume as perthe Ayurcure Business
Plan.
- Earnings of the Independent Product Seller shall be in proportion to thevolume of
sales done by the Independent Product Seller by self or through his/hernetwork team as
stipulated in the Ayurcure Business Plan.
- Independent Product Sellercan market/sell Company Products on Pan India basis. There
is no territorial restriction to sell the products.
- He/she can always check and inspect his/her account on thecompany’s website by using
Unique ID and Password allotted tohim/her by the company.
- That the Company reserves the right to restrict the list ofproducts for a particular
area / region.
- That price revisions, Government directives, market forces etc.,may lead to change
in the Company Sales Incentivespolicyand the company’s decision in this regard will
be final and binding. In all such cases, the amendments will be notified on the
company’s website and such notifications shall be binding on the Independent Product
Seller. However, if any Independent Product Seller does not agree to be bound by
such amendment, he/ she may terminate this agreementwithin 30 days of such publication
by giving a written notice communicating his / her objections, if any, to the Company.
Without submission of the objection for modification etc., ifanIndependent Product
Seller continues the Direct Selling activities then it will be deemed and presumed
that he/ she has accepted all modifications andamendments in the terms & conditions
for future.
- That all payments and transactions shall be valued in Indian Rupees (INR).
- That the Company does not guarantee/assure / promise or offer any facilitation feesor
any amount or quantum of income whatsoever to the Independent Product Seller on
account of becoming anIndependent Product Sellerof the Company.
- That Sales Incentivesto the Independent Product Seller shallbe subject to all statutory
deductions as applicable like TDS etc.
- That Sales Incentive paid to the Independent Product Seller is inclusive of all
taxes.
- That the company shall provide accurate and complete informationto prospective and
existing Independent Product Sellers concerning the reasonableamount of earning
opportunity and related rights and obligations.
- That the company shall pay all dues to the Independent Product Sellerand make withholdings,
if any, in a commercially reasonable manner.
- That company does not require anIndependent Product Seller to maintain an office
or establishment in furtherance of his/her entrepreneurship and if anIndependent
Product Seller does so then he / she himself/herself will be responsible to bear
such expenses and the Company will in no way be responsible to refund or reimburse
the same.
- That Independent Product Seller covenants with the Company that it willexclusively
engage in the sale of the company products and shall not indulge in the sale of
similar/identicalproducts.
- That Unique Identification Number will have to be quoted by theIndependent Product
Seller in all his/her transactions and correspondence with theCompany. The Unique
Identification Number once allotted cannot bealtered at any point of time. That
No communication will beentertained without Unique Identification Number and password.
Independent Product Seller shall preserve the Unique Identification Number and Passwordproperly
as it is must for logging on to website.
- That the Independent Product Seller shall be faithful to the Company and shalluphold
the integrity and decorum to the Company and shall maintaingood relations with other
Independent Product Seller andcustomers also.
- That the Independent Product Seller shall abide with policies, procedures,rules
and regulations prescribed by the Company as well as all laws, rules,regulations,
directives and Guideline issued by Government of India, a State Government, a Local
body, a Court of Law and local administration, from time to time. AnIndependent
Product Seller will also not indulge in any deceptive orunlawful trade practices
as defined in the Consumer Protection Act, 2019 and if does so then he/ she shall
be solely responsible for the consequences thereof.
- That the Independent Product Seller shall be liable to produce/show/explain theAyurcure
Business Planto the prospects as has been received by him/ her. If the company notices
that the Independent Product Seller isworking in a way not permitted/authorized,
then thecompany shall have exclusive power to terminate or bar him / her from thecompany’s
Independent Product Seller-ship after giving a show cause notice.
- That the Independent Product Seller cannot conduct or announce personal level business
promotion activities by offering cash rewards, trips, valuables, etc.
- That the Independent Product 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.
- That the Independent Product Sellershall not use or advertise on social media any
business promotion material, not authorized or approved by the Company and if he/shedoes
so then he/she shall solely be responsible for the consequences.
- That the Independent Product Seller is prohibited from mentioning / posting / telecasting
any inappropriate or defaming content about the company, 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 company reserves
rights to initiate appropriate legal action against him / her.
- That only one Independent Product Seller-ship code shall be issued on one Pan
Card.
- That the Independent Product Seller hereby undertakes not to compel or induceor
mislead any person with any false statement /promise to purchaseproducts from the
Company or to become Independent Product Seller of the Company.
- All statutory changes will be in force with immediate effect or as per the law prescribed.
- Any notice or correspondence/s addressed and sent to the Independent Product Seller’s
address, E-mail ID and Mobile Number mentioned in the Application Form for registration
as Independent Product Seller by registered AD post or a Courier Service or E-mail
or Whatsapp message shall be construed as legally delivered to the addressee. However,
it is advisable that every Independent Product Seller shall immediately inform the
company about the change in his / her address, E-mail ID and Mobile Number failing
which the Independent Product Seller’s non-deliverance claim shall not be tenable
at any cost whatsoever.
- 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 Independent Product
Seller understands that his / her right to sell the products and receiving incentives
with respect of his/her activities as an Independent Product Seller will cease immediately.
Company reserves the right to terminate this E-contract agreement if any condition(s)
of this E- Contract Agreement are violated by an Independent Product Seller.
- Limitation of Action: If anIndependent Product Seller wish to bring
an action against the company for any act or omission relating to or arising from
the agreement, such action must be brought within ninety (90) days from the date
of the alleged conduct given rise to the cause of action. Failure to bring such
action within the given time shall bar all claims against the company. Independent
Product Seller waives all claims that any other statutes of limitations apply.
- Indemnification: That the Independent Product Seller agrees to
protect, defend, indemnify and holdharmless Company and its employees, officers,
directors, agents orrepresentatives 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 orstandards from any governmental
body, agency, or regulator applicableto the company; or
- Any breach of the terms and conditions of this E-contract agreement by the
Independent Product Seller,
- Any claim of any infringement of any intellectual property rightor any other right
of any third party or of law by theIndependent Product Seller;or
- Against all matters of embezzlement, misappropriation ormisapplications of collection/moneys
which may from time to timeduring the continuance of the Agreement come into his/her
/itspossession /control.
- Relationship: That the Independent Product Seller understands that
it is an independently ownedbusiness entity and this Agreement does not make it,
Company’s employee,associate or agent or legal representative ofthe company for
any purpose whatsoever. The Independent Product Sellerdoes not possess any express
or implied right or authority to assume or to undertake anyobligation in respect
of or on behalf of or in the name of the companyor to bind the company in any mannerwhatsoever.
In case, anIndependent Product Seller violates this provision in any manner whatsoever
then he/she shall be responsible for all types of consequences be it financial,
statutory, civil or criminal.
- Suspension, Revocation or Termination of E-contract agreement:
- That the company reservesthe right to suspend the operation of this E-contract agreement,
at any time, dueto change in its own license conditions or upon directions from
thecompetent government authorities. In such a situation, company shallnot be responsible
for any damage or loss caused or arisen out ofaforesaid action.
- That in case of violation of any of theprovisions of this agreement stated here-in-before
and agreed upon bythe Independent Product Seller, the Company may,without prejudice
to any other remedy available, issue a one month’s written notice and call upon
the Independent Product Seller to explain his conduct in writing failing which or
if the explanation is found unsatisfactory, suspend/block/ terminate the Independent
Product Seller from further conducting the business of the Company.
- That the Independent Product Sellermay terminate this agreement at any time by giving
a written notice ofone month to the Company at the Registered address of the company.
- Actions pursuant to Suspension/Blocking/Termination of this E-contract agreement:
That notwithstanding any other rights and remedies provided elsewherein the
agreement, upon termination of this agreement:
- The Independent Product Seller shall not represent the company in any of its dealings.
- The Independent Product Seller shall not intentionally or otherwise commit anyact(s)
as would keep a third party to believe that the company isstill having Direct selling
agreement with the Independent Product Seller.
- The Independent Product Seller shall stop using the company’s name, trademark,logo,
etc., in any audio or visual form.
- All obligationsand liabilities of such Independent Product Seller to thecompany
existing on the date having accrued during the validity ofthis Agreement will have
to be fulfilled, met and satisfied by the Independent Product Seller in every manner
whatsoever.
- Governing Laws and Regulations
- That this Agreements shall be governed by the provisions of theIndian Contract Act,
1872, the Consumer Protection Act, 2019, DirectSelling Guidelines, 2016 notified
by the Government of India andState/Union Territory Governments as well as all
other rules andregulations issued by the Government of India and StateGovernments
/Union Territories.
- Dispute Settlement
That In the event of any interpretation of any question of law,dispute or difference
arising under this agreement or in connectionthere-with (except as to the matters,
the decision to which isspecifically provided under this agreement), the same shall
bereferred to a legal forum having jurisdiction in Noida (Uttar Pradesh, India).Disputes
if any shall be resolved in accordance with the provisions ofthe Indian Arbitration
and Reconciliation Act and mediation provisionsof Consumer Protection Act, 2019.
- Force- Majeure
That if at any time, during the continuance of this agreement, theperformance in
whole or in part, by the company, of any obligationunder this is prevented or delayed,
by reason of war, or hostility,acts of the public enemy, civic commotion, sabotage,
Act of State ordirection from Statutory Authority, explosion, epidemic, quarantinerestriction,
strikes and lockouts, fire, floods, naturalcalamities/Disaster or any act of God
(hereinafter referred to asevent), neither party shall, by reason of such event,
be entitled toterminate the agreement, nor shall either party have any such claimsfor
damages against the other, in respect of such non-performance ordelay in performance.
Provided that the Services under the agreementshall be resumed as soon as practicable,
after such event comes to anend or ceases to exist.
- The Independent Product Seller hereby covenants as under:
- That he/she has clearly understood the application form, Ayurcure Business Plan,
its limitations and conditionsand he/she is not relying upon any representation
or promises that isnot set out in this E-contract agreement.
- That relation between the Company and the Independent Product Seller and allhis/her
activities here under shall be governed in addition to thisagreement, by the rules
/ procedures contained in the Ayurcure Business Plan,available on website. The Independent
Product Seller confirms that he/she has readout all the terms & conditions thereof
and agrees to be bound by them.
- That the Independent Product Seller that he/she is not an agent, employee or any
other Legalrepresentative of the Company or its service provider.
- That Independent Product Seller, hereby declares that all the informationfurnished
by him/her to the Company are true and correct. Companyshall be at sole discretion
and liberty to take any action against theIndependent Product Seller in the event,
it is discovered that the Independent Product Sellerfurnished any wrong/false information
to the Company.
- That the Independent Product Seller herein is the concerned person hence fullyconversant
with the fact deposed without any pressure to be appointedas Independent Product
Seller in whole India on terms and condition as contained inthis agreement.
- That he / she has read and understood the terms and conditions forappointment asIndependent
Product Seller of the Company and has also gonethrough the Company's official website,
printed materials, brochuresand convinced about the business and has applied for
appointment as anIndependent Product Sellerout of his own sweet will, accord and
volition.
- The Independent Product Sellerundertakes to adhere to the policies, procedures,
rules andregulations formed by the Company and confirms having read/been explained
and read over in the vernacular language he/she isconversant with and understands
the contents of the document on policyand procedures of the appointment of Independent
Product Seller.
- The Independent Product Seller herein very well understands that violation of this
contract agreement may result in termination of this agreement as per procedure
laid down therein.
IN TOKEN OF HIS/HER AGREEING TO AND ACCEPTING ALL PROVISIONS OF THIS CONTRACT AGREEMENT
SETHEREINABOVE, HE/SHEIS CLICKING ON THE “I AGREE” BUTTONGIVEN HEREIN.
Name: _____________________________ Bank A/C No/___________________
S/O Shri____________________________ IFSC Code______________________
Resident of
_____________________________________________________________________________________
____
Pin Code _____________
State________________________________
PAN NO.__________________________________________
AADHAR NO._______________________________________
Name of the Bank & Branch ________