Terms and Conditions for Vendor Attachment
1. Introduction
These terms and conditions (“Agreement”) govern the relationship between Yesomi Fashion and Retail OPC Private Limited (“Company”) and the vendor (“Vendor”) identified in the Vendor Attachment Form. By signing the Vendor Attachment Form, the Vendor agrees to comply with the terms and conditions outlined in this Agreement.
2. Vendor Obligations
2.1. The Vendor shall provide the products and/or services specified in the Vendor Attachment Form in accordance with the specifications, quality standards, and timelines agreed upon.
2.2. The Vendor shall ensure that all products and/or services comply with applicable laws, regulations, and industry standards.
2.3. The Vendor shall ensure that the quality of all products provided is according to industry standards and is of good quality.
2.4. The Vendor shall provide accurate and up-to-date information to the Company, and promptly notify the Company of any changes to such information.
2.5. Currently, there is no capping on the number of product listings by the Vendor.
3. Payment Terms
3.1. There shall be no listing fee charged to the Vendor by the Company.
3.2. The Company shall earn a commission of 10% from the sales of the Vendor’s products and/or services.
3.3. Logistic fees shall be paid by the Vendor.
3.4. Payment of the Vendor will be transferred to their bank account once the order is dispatched to the customer.
4. Confidentiality
4.1. Both parties agree to maintain the confidentiality of all information exchanged between them and not to disclose such information to any third party, except as required by law or with the other party’s prior written consent.
4.2. This obligation of confidentiality shall survive the termination of this Agreement.
5. Intellectual Property
5.1. The Vendor warrants that the use or sale of the products and/or services provided does not infringe any intellectual property rights of any third party.
5.2. Any intellectual property created or developed in the course of providing the products and/or services shall be the property of the Company.
6. Termination
The Company may terminate this Agreement immediately if the Vendor breaches any material term of this Agreement.
7. Indemnification
The Vendor agrees to indemnify and hold harmless the Company from any claims, damages, losses, or expenses arising out of or in connection with the Vendor’s performance under this Agreement.
8. Governing Law and Jurisdiction
This Agreement shall be governed by and construed in accordance with the laws of Uttar Pradesh, India. Any disputes arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of Lucknow, India.
9. Return Policy
9.1. Vendors shall display their specific return policy and act accordingly.
9.2. If the Vendor does not display their return policy, the return policy of company shall be followed.
10. Miscellaneous
10.1. These terms and conditions can be updated by the Company at any time. Vendors will be notified of any updates in advance.
10.2. This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements, understandings, and communications, whether written or oral.
10.3. If any provision of this Agreement is found to be invalid or unenforceable, the remainder of the Agreement shall remain in full force and effect.