Vendor Lease Deed Agreement.
RIIFT FASHION MALL LTD COMPANY ONLINE (WHOLESALE & RETAIL) B2B & B2C PLATFORM LEASE AGREEMENT FOR VENDOR.
- ONLINE PLATFORM USERS – Terms & Conditions.
1.1 Riift Fashion Mall Ltd company is an online platform provider (WHOLESALE & RETAIL) B2C/B2B ONLINE PLATFORMS. RIIFT Fashion Mall Ltd is the owner of E-Business Website by the name of WWW.RIIFT.IN, wherein various platform space provided to lease, for different vendor to do their own style of business for yearly basis.
1.2 All Online Platform users to access & use of this website i.e. (WWW.RIIFT.IN) and services available throughout (collectively, the “Services”) are subject to the following terms and conditions (the “Terms of Service”). By using the Services, you are agreeing to all the Terms of Service, as may be updated by us from time to time. You should check this page regularly to take notice of any changes we may have made to the Terms of Service.
1.3 Any attempt to alter, supplement, modify or amend these terms and conditions will be null and void unless agreed to in writing by Riift Fashion Mall Ltd.
- Terms of Online Platform Lease & services.
2.1 Riift Fashion Mall Ltd is the sole authorized Lease & Service authority for Riift online platform of different packages (Annexure-23).
- Commencement, Term, Renewal Charges. (Annexure-23,25).
3.1 The date of execution of this agreement, the lessee shall renew the agreement from the commencement date to till 1year.
3.2 If the lessee is interested to continue this lease agreement they should liable to pay the same package every year to the Riift Fashion Mall Ltd. And can be auto renewed all remain valid of every year.
3.3 The Riift Fashion Mall Ltd has the rights to increase the yearly Package, service and maintenance charge according to use of the platform space, for such terms as the Purchaser agrees.
3.4 Vendor have the right to change their package at any time, and they can choose the upper package only with additional service charges applicable.
3.5 All renewals of the agreement shall be expressed and implied in writing. No oral agreement shall be binding on either of the parties.
4.1 The vendor will keep all product details, description, price, & the availability of the products in their inventory along with detailed specifications like size, colour, texture etc. which stands at their own risk.
4.2 If once the order is placed by the customer to the vendor store, the vendor should act with honour in order to provide the service at vendor risk.
4.3 The vendor shall upon the receipt of the order/payment from the customer, immediately arrange to book the consignment at their own risk within 2 to 3 business days, as per the availability of the ordered products.
4.4 If any of the products stock exhausted on receipt of the order, the same to be executed within the same business day from the order received, and also should inform the customer too, as well as should repay the payment at vendor cost.
4.5 If the product is exhausted on the vendor store, the vendor should mention the availability of stock with a detailed description with product display. It should be mentioned with immediate effect.
4.6 Update/upload the products proper images, prices, details, description availability of quantity mentioned in the online store which is the responsibility of the vendor.
4.7 Stock status to be updated on a daily basis. Failing which any consequences arise due to the same vendor will be ultimately liable.
4.8 If once the order is received by the customer to the vendor store, the vendor should provide only ordered products to the customer with a neat and good looking package.
4.9 The vendor should pack the customer ordered products with proper and hygienic packaging, with their own risk. then should handover to the logistics partner.
4.10 The vendor holds responsibility to send the product like Glass, durable goods etc. to their customer with their own risk, and also should mention Handle with care note on it.
- ONLINE PAYMENTS.
5.1 All payments managed and monitored by the company throughout the company integrated payment gateway system.
5.2 The vendor received orders from the end customer. The payment credited directly by the company account through the payment gateway. The Company will charge fees according to the plan selected by the vendor. (Annexure-23,25).
5.3 The payment should be credited to the vendor account after the deduction of MAINTEANCE AND SERVICE CHARGES, LOGISTIC AMOUNT based on sales value within 24 to 48 hours.
5.4 The vendor should send the product after the confirmation of the sales amount which is credited to the payment gateway intimation.
5.5 If any order is cancelled by the customer through an online payment, the vendor holds responsibility of loss\damages occurs on vendor own risk at the same time vendor should settle the amount received from the customer with immediate effect.
5.6 In any manner customer rejected a sale from the vendor store the vendor should refund the amount with immediate effect to the company account for the settlement of customer account, if vendor is not ready to perform these act then company holds a power to collect the amount from the vendor part. (Default)
- COD- SERVICE
6.1 If you require the COD service will be applicable with vendor own risk.
6.2 If the vendor requires the COD system, the payment will be received after the delivery of goods to the customer. The payment is directly collected by the COD partner and after that the payment should be credited to the vendor account after their deduction of maintenance and service charges, logistic amount based on sales value within 7 to 10 working days. The Company will charge service fees according to the plan selected by the vendor. (Annexure-23,25).
6.3 If you require the COD service will be applicable with vendor own risk and vendor should deposit the minimum amount for COD service as per vendor trade value.
6.4 If any order is cancelled by the customer through a COD service, the vendor holds responsibility of loss\damages occurs on vendor own risk at the same time COD both side service charges will be debited from vendor deposit amount.
7.Order, Handling, Delivery support etc.
7.1 The company will provide a logistic partner for pickup and delivery support throughout India to vendors online stores.
7.2 Orders for the product shall be received via email/message to the vendor store.
7.3 The vendor shall upon the receipt of the order from the Customer, immediately arrange to deliver the products at their own risk to the designated address within 24 hours.
7.4 The vendor shall provide the consignment details of the courier/shipment agency immediately.
7.5 The vendor shall ensure that the products dispatched are of the specifications ordered and there is no variation whatsoever. The necessary guarantee/warranty shall be provided by the vendor to the customer.
7.6 The vendor agrees to replace the defective products supplied to the customer at its own cost and shall not hold the Riift COMPANY responsible in any manner whatsoever.
7.7 The vendor may, at its discretion, arrange to lift the defective products from the customer; however, the vendor will hold liability to replace the defective product. Any charges incurred by the COMPANY for lifting and forwarding such defective goods shall be on account of the vendor. Such deductions shall not be treated as practice and/or precedent. For avoidance of doubts it is clarified that defective would mean and include but is not limited to wrong product, damaged product, miss sized product and any other shortcoming which the customer may point out.
7.8 The vendor holds responsibility of loss\damages occurs on transaction related to all business by vendor, at their own risk entertain all claims of return of the Product in the mutual interest of the vendor as well as the Customer.
7.9 The vendor is solely responsible for any activities done with the customer.
7.10 The Vendor has the responsibility to protect the Riift Fashion Mall Ltd. Companies Policies, Related to the online platform.
8.Covenants of vendor
The vendor hereby covenants with the Customer as under:
8.1 To deliver the product of the Ordered specifications/description only including quantity and quality prescribed in the Order and there should be no instance of wrong item being delivered and/or quality issue and/or issue of Non delivery. Further, the vendor shall maintain adequate stock/inventory of the items at all times. In case the vendor is running out of supplies or is likely not to fulfil the Order received by the customer, it shall intimate at least within hours in advance so that notice of OUT OF STOCK for the product can be placed on the vendor store.
8.2 The vendor not to do any act/deal in a thing/products/goods/services which are either banned/prohibited by law or violates any of the intellectual property rights of any party in respect of such products.
8.3 To provide all details, for the purpose of the creation/display on the vendor store, the product description, images, disclaimer, delivery timelines, price, logistic charges and such other details for the products to be displayed and offered for sale.
8.4 The vendor to ensure and not to provide any description/image/text/graphic which is unlawful, illegal, intimidating, obnoxious, objectionable, obscene, vulgar, opposed to public policy, prohibited by law or morality or is in violation of intellectual property rights including but not limited to Trademark and copyright of any third party or of inaccurate, false, incorrect, misleading description or is surrogate in nature. Further it will forward the product description and image only for the product which is offered for sale through the vendor store. The vendor agrees that in case there is violation of this covenant, it shall do and cause to be done all such acts as are necessary to prevent disrepute being caused on risk.
8.5 To provide a full, correct, accurate and true description of the product so as to enable the customers to make an informed decision. The vendor agrees not to provide any such description/information regarding the product which amounts to misrepresentation to the customer.
8.6 The vendor is solely responsible for the quality, quantity, merchantability, guarantee, warranties in respect of the products offered for sale through the vendor store .
8.7 At all times have access to the Internet and its email account to check the status of approved orders and will ensure prompt deliveries within the time
8.8 The vendor will Provide information about the Order Status including Airway Bill Number/Courier Document number on every order to logistic partner.
8.9 To raise an invoice as well as receipt of payment in the name of Customer for an amount equivalent to the amount displayed as MRP and delivery charges on the vendor online store to the customer and paid by/charged to the customer.
8.10 The vendor not to offer any Products for Sale on the Online Store, which are prohibited for sale, dangerous, against the public policy, banned, unlawful, illegal or prohibited under the Indian laws.
8.11 To provide satisfactory proof about the ownership/licenses of all the legal rights in the ownership of vendor business as and when demanded by the COMPANY.
8.12 The vendor is solely responsible for any dispute that may be raised by the customer relating to the goods, merchandise and services provided by the vendor. No claim of whatsoever nature will be raised on the COMPANY.
8.13 The vendor agrees to indemnify and keep indemnified the COMPANY from all claims/losses related vendor business (including advocate fee for defending/prosecuting any case) that may arise against the COMPANY in any manner due to acts/omission on the part of the vendor.
8.14 The vendor at all time during the pendency of this agreement endeavour to protect and promote the interests of the COMPANY and ensure that third parties rights including intellectual property rights are not infringed.
8.15 Vendor at all times be responsible for compliance of all applicable laws and regulations including but not limited to Intellectual Property Rights, Local Sales Tax, Central Sales Tax, Service tax, GST, Standards of Weights & Measures legislation, Sale of Goods Act, Excise and Import duties, Drugs and Cosmetics Act, Drugs and Remedial Magic Act, Code of Advertising Ethics, etc.
8.16 The vendor should manage packing and weighing of the product/consignment should be as per the government rules and polices, any consequences arising due to the violation of the government Polices the company shall not be held any responsible.
8.17 The products to be dispatched through the efficient courier/transport/cargo.
- Fee/Commissions etc.
9.1 The Company will charge fees according to the plan selected by the vendor for providing for online business. The vendor has to pay maintenance service charges and delivery charges for all sales that are mandatory made/generated using the online store to the Riift Company. The details of Fees & maintenance service charges and delivery charges to be paid product category wise is specified is (Annexure-23,25) to this agreement. The schedule can be amended to modify any rate of Fees/maintenance service charges/delivery charges in respect of any product. Any amendment to such a schedule will be expressed. The said schedule is to be treated as part and parcel of the agreement.
9.2 The Riift Fashion mall Ltd.(riift.in). will charge Minimum maintenance service charges and delivery charges for each online sales. The Riift Fashion Mall Ltd. has the rights to increase the percentage of the maintenance service charges and delivery charges from time to time. for such terms as the vendor agrees and the vendor is bound to all the legal policies of Riift Fashion Mall Ltd. All the agreement shall be expressed and implied only in writing. No oral agreement shall be binding on either of the party (Annexure-25).
9.3 It is expressly agreed by the vendor hereto that the COMPANY shall debit the amount of maintenance service charges and delivery charges from the remittance to the vendor at the time of forwarding the order received from the end customer.
9.4 Voluntary Contribution to be paid to the vendor after deducting the sales maintenance service charges and delivery charges by the Company according to the fixation of the maintenance service charges and delivery charges week on week.
- Warranties, Representations and Undertakings of the Vendor.
The vendor warrants and represents i.e.
10.1 The signatory to the present agreement has the right and full authority to enter into this Agreement with the COMPANY and the agreement so executed is binding in nature.
10.2 All obligations narrated under this Agreement are legal, valid, binding and enforceable in law against the vendor.
10.3 That it is an authorized business establishment and holds all the requisite permissions, authorities, approvals and sanctions to conduct its business and to enter into present agreement with the COMPANY.
- Rights of COMPANY:
11.1 The vendor agrees and acknowledges that the RIIFT COMPANY, at all times during the continuance of this Agreement, shall have the right to remove/block/delete any text, graphic, images uploaded on the online store by the vendor without any prior intimation to vendor in the event the said text, image, graphic is found to be in violation of law, breach of any of the terms of this Agreement, terms and conditions of RIIFT company. In such an event, the COMPANY reserves the right to forthwith remove/closure the online store of the vendor without any prior notice, intimation or liability to the vendor.
11.2 At any time if the RIIFT COMPANY believes that the services are being utilized by the vendor or its Customer in contravention of the terms and provision of this Agreement, Terms and conditions of use of online store, the RIIFT COMPANY shall have the right either at its sole discretion or upon the receipt of a request from the legal/statutory authorities or a court order to discontinue/terminate the said service(s) to Customer or the End user as the case may be, forthwith remove/block/closure the online store of the vendor and furnish such details about the vendor and/or its customers upon a request received from the Legal/ Statutory Authorities or under a Court order.
11.3 The company has every right to change the present policy as and when required subject to the changes in the state/Central Government rules, without a prior information to vendor.
12.1 This representation is the essence of the Contract. It is expressly agreed by the vendor that the COMPANY shall under no circumstances be liable or responsible for any loss, injury or damage occurred to the customer or any other party whomsoever, its partners, officers, employees, representatives, agents from and against all losses, damages, claims, suits, legal proceedings and otherwise howsoever arising from or in connection with any claim including but not limited to claim for any infringement of any intellectual property rights or any other rights of any third party or of law, concerning quality, quantity and any claim in relation to the vendor product, the breach of any of the vendor warranties, representations or undertakings or in relation to the non-fulfilment of any of its obligations under this Agreement or arising out of the vendor infringing any applicable laws, regulations including but not limited to Intellectual Property Rights, GST, Local Sales Tax, Central Sales Tax, Service tax, The Standards of Weights & Measures legislation, Excise and Import duties, etc. The vendor it further declares and confirms that it has paid and shall continue to discharge all its obligations towards statutory authorities.
- Limitation of Liability
13.1 The vendor is marketing the products through the shopping portal of the vendor store to offer its products for sale through the said online shopping portal. This representation is the essence of the Contract. It is expressly agreed by the vendor that the COMPANY shall under no circumstances be liable or responsible for any loss, injury or damage to the customer or any other party whomsoever, arising on account of any transaction under this Agreement or as a result of the Products being in any way damaged, defective, in unfit condition, infringing/ violating any laws/ regulations/ intellectual property rights of any third party. The vendor agrees and acknowledges that it shall be solely liable for any claims, damages, allegation arising out of the Products offered for sale through online shopping portal of vendor (including but not limited to quality, quantity, price, merchantability, use for a particular purpose, or any other related claim) and shall hold the RIIFT COMPANY harmless and indemnified against all such claims and damages. Further the RIIFT COMPANY shall not be liable for any claims, damages arising out of any negligence, misconduct or misrepresentation by the vendor or any of its representatives.
13.2 The COMPANY under no circumstances will be liable to the vendor for loss and/or anticipated loss of profits, or for any direct or indirect, incidental, consequential, special or exemplary damages arising from the subject matter of this Agreement, regardless of the type of claim and even if the vendor has been advised of the possibility of such damages, such as, no limited to loss of revenue or anticipated profits or loss business, unless such loss or damages is proven by the vendor to have been deliberately caused by the COMPANY.
14 Termination and effects of Termination.
14.1 This Agreement may be terminated by the COMPANY forthwith in the event.
14.2 Termination occurs, when a vendor commits a material breach of any representation, Obligations (misuse of any customer, indirect operations) covenant, warranty or term of this agreement and the same is not cured, working against the interest of the company and misuse of online platform for any illegal purpose.
14.3 The agreement shall stand terminated after expiry of such period, if not paid annual service maintains charge, sales commotions and any amount due etc. (Annexure– 5.6,23,25). The term of this agreement shall be one year for the online showroom and after the expiry of this one year, the agreement shall stand automatically closed and the vendor online showroom shall be automatically terminated from the system and the same shall not be questioned by the vendor for any reason whatsoever; The vendor agreement shall be mutually renewed by the parties on any day before the expiry of this agreement.
- Effect of Termination.
15.1 In the event of termination/expiry of this Agreement, the COMPANY will remove the Links and shall discontinue display of the vender online shopping portal with immediate effect.
15.2 COMPANY shall not be liable for any loss or damages (direct, indirect or inconsequential) incurred by the vendor by virtue of termination of this agreement.
15.3 During the period under notice both the parties shall be bound to perform its obligations incurred under this agreement and this sub-clause shall survive the termination of this agreement.
- 16. Jurisdiction, Governing law and ex-parte Orders
16.1 This agreement is subject to exclusive jurisdiction of competent Courts of law at Bangalore Karnataka state only.
16.2 The COMPANY is entitled to obtain ex-parte ad- interim injunction orders restraining the vendor to prevent any loss/anticipated loss either in material terms or in terms of intellectual property or causing damage/loss/harm to reputation/goodwill of the COMPANY by the vendor, its representatives, associates or assigns.
17.1 All notices and other communication under this Agreement shall be in writing, in English language only and shall be delivered by hand or sent by email in each case to the addresses as set out at the beginning of this Agreement.
- Entire Agreement
18.1 This Agreement embodies the entire agreement and understanding of the vendor and supersedes any and all other prior and contemporaneous agreements, correspondence, arrangements and understandings (whether written or oral) vendor with respect to its subject matter.
19.1 Neither this Agreement nor any part of it is assignable, transferable, sub-licensable, sub-contractible or conveyable by vendor, either by operation of law or otherwise, without the express, prior, written consent of the COMPANY signed by an authorized representative of such Party. The COMPANY is at liberty to refuse such consent.
- Relationship of Parties
20.1 Nothing in this Agreement will be construed as creating a relationship of partnership, joint venture, agency or employment between the vendor and Riift Company. The COMPANY shall not be responsible for the acts or omissions of the Vendor. The vendor shall not represent the COMPANY, neither has, any power or authority to speak for, represent, bind or assume any obligation on behalf of the COMPANY.
- Force Majeure
21.1.The Riift Company in not responsible or liable for any delay or failure to perform its obligations (other than an obligation to make payment) under this Agreement due to unforeseen circumstances or any event which is beyond that Party’s reasonable control and without its fault or negligence, but not limited to, acts of God, war, riots, embargoes, strikes, lockouts, acts of any Government authority, delays in obtaining licenses or rejection of applications under the Statutes, failure of telephone connections or power failure, fire or floods.
- Shipping Policy
22.1 As per the shipping policy of the Riift Company, the vendor is liable for the shipping and its related charges.
22.2 The vendor shall supply all necessary documents for the proper shipping/transportation as per the Government norms.
22.3 The vendor shall be duly bound to give way-bill, L/R, Cargo documents to move the consignment in good condition.
22.4 The vendor shall take care with the keeping of GST Form, weight and other relevant details of the products, and in case if any violation or suppression of any relevant facts by either party, the company shall not be liable for the same.
|23.PACKAGES Of Riift B2B/B2C (Wholesalers/Retailer) Online Platform,
24. BENEFITS Of Riift B2B/B2C (Wholesalers/Retailer) Online Platform,
26.1 All Service Fees shall be payable by bank transfer through NEFT, RTGS.
- BANK DEATAILS.
A/c Name: RIIFT Fashion Mall Ltd
ICICI Bank. Current A/c. No :195105500244,
IFSC Code: ICIC0001951.
- PAYMENTS & TERMS.
14.1 Payment for 100% Advance for yearly package upon registration time.
14.2 Initial store setup time: min 30 days.
15.1 Additional photograph uploading charges, if required.
15.2 Before handing over the ONLINE STORES – B2B & B2C, u have to settle the balance amount.
15.3 After Payment Completion only, we will be providing the user credentials for Website ADMIN .
15.4 Once order is placed can’t make cancellation as well as no refund option is provided.
15.5 Please accept and agree after read and understand this contract before payment.
If any more details, please contact mentioned Email: [email protected] the following address shall be used.
For Riift Fashion Mall Ltd.
# 346, 2nd floor, Balaji Complex, 9th Block,
Vishweshwaraiah layout, Mallathalli lake road,
Kengunte, Nagarbhavi, Bangalore -560056.
E-mail: [email protected]
Support Mob: 9731530566, Customer Care Mob: 8660977153.
NB: This is a computer generated service receipt hence, doesn’t need any signature