You are on page 1of 6

PLEASE READTHE TERMSANDCONDITIONSOFTHISAGREEMENT CAREFULLY.

TERMSANDCONDITIONSMENTIONED IN
THE AGREEMENT ARE A BINDING CONTRACT BETWEEN THE COMPANY AND YOU (MERCHANT) THE TERMS ARE
EFFECTIVE UPON ACCEPTANCE AND GOVERN THE RELATIONSHIP BETWEEN YOU (MERCHANT) AND SYBERPLACE,
INCLUDING THE LISTING, MARKETING SALE AND SUPPLY OF ANY PRODUCTS THROUGH WEBSITE
WWW.SYBERPLACE.COM. IF THESETERMSCONFLICT WITHANYOTHERDOCUMENT, THETERMS AND CONDITIONS OF
THISAGREEMENTSHALLPREVAIL.
SYBERPLACEMERCHANTPARTNERSHIPAGREEMENT

Forthepurpose ofthisagreement,the individualorany legalentity (company,proprietorship,partnership,HUF etc.)representing itself


throughitsduly appointedauthorizedsignatoryonly, details of which areprovidedin
Merchant DetailsFormattachedunderAnnexure
A,shallbeconstrued as
Merchant
, whodeclareshimselflegallycompetenttoenterthis agreement, Thecompanypresumesthata
person whohas entered itsdetail inthe
MerchantDetailsForm islegally competent tobindthesuch personor legalentity andthat
person orlegal entityshallbebound byterms andconditionsofthis agreement Here the word
Merchant shall meanandinclude
allitssuccessorsandpermittedassigns)oftheFirstPart
AND
SyberPlace E Solutions Private Limited
, a company incorporated under the Companies Act, 1956, having its office at KTC
Illumination, #105, (SBI Retail Assets Central Processing Center), The Westin Hotel Road, Madhapur, Hyderabad 500 081
(hereinafter referred to as,
SyberPlace
or
The Company
, which expression, unless it be repugnant to the context ormeaning
thereof,shallbedeemedtomeanandincludeallitssuccessorsandpermittedassigns)oftheSecondPart.

(MerchantandSyberPlacemaybereferredtoasPartyindividuallyandasPartiescollectively,asthecontextmayrequire).

RECITALS

SyberPlace carries on thebusiness


interalia
,ofthebusinessofsalespromotions, marketing,fulfillmentservices,andcollection services.
SyberPlace owns a website which is anonline marketplace, whereusersof theWebsitecanplace order/(s).SyberPlaceroleislimited to
managing Website (
defined below
) over which the products are displayed and other incidental services are provided to enable the
transactionsbetweentheMerchantsandtheBuyers.

NOWITISHEREBYAGREEDBYANDBETWEENTHEPARTIESASFOLLOWS:

1.
Definitions:

(i)

Buyer
shallmeanauseroftheWebsitewhoplacesanOrderontheWebsiteforproductsorservices.
(ii)

Order
shallmeanabindingpurchaseorderplacedbyaBuyeronthewebsitethroughforsupplyofproductsorservices.
(iii)

Website
means all the digital assets owned and operated by SyberPlace including and but not limited to
www.SyberPlace.com
(iv)

TransferPrice
shallmean theselling price oftheproduct,afterexcludingallthe costsofsaleand SyberPlacecommission,
whichistransferredtothemerchant
(v)
Seller Panelmeansauniform resourcelocator(
URL
)providedbySyberPlaceto Sellerwithauniqueloginandpassword
toupdatetheorderstatus,priceandinventoryonthesame.

ORDERMANAGEMENT:

2.

SyberPlace reserves the right to select the products tobedisplayedonits Website.SyberPlace alsoreservestheright to
determinetheMerchantswhomaysellontheWebsite.

3.

SyberPlace shall receiveOrders forthe products displayed/distributed onbehalfofMerchantonlyin thecapacity oftheentity


thatprovidesanaccesstoWebsite, marketinganddistribution channeltothe Merchant.Inthe eventpaymentsarecollected

bySyberPlaceon behalf of theMerchant,inthemode/sasconveyed to theBuyers,thesamewillbecollectedwhileactingas


anagentoftheMerchantwiththesoleintentoffacilitatingthetransactionsoftheMerchant.
4.

5.

SyberPlace shall provide thenecessarybackendinfrastructure,likecallcentre,order managementsystem, etc., forcapturing


the Buyer/order details placed on the Merchants.Orders placedby Buyerwillbeprocessedfor packaginganddispatch of
products to the end Buyers by SyberPlace, on behalf of the Merchant. SyberPlace will separately inform the Merchant
regardingtheOrders of Buyers, by way of direct accessthroughaSeller Panel andpackagingguidelinesshall be through
email. Merchant shall providecontent& images(legally ownedbyit)ofits products tobedisplayedatWebsite. Sellerwill
update the dispatchdetailsonthe SellerPanelprovidedbySyberPlaceoranyother modeas maybe notifiedbySyberPlace
fromtimetotime.
OnreceiptoftheOrder,Seller willmaketheproductsready fordispatch alongwithcorrespondinginvoicesinfavour of buyer
within1(one)workingday.Incase ofdelay, SyberPlacewillbeimmediately informedbySeller, along with theexpected time
of dispatch, so that the Buyer may be appropriatelyinformed. Incase Sellerfailstomakethe productreadyfordispatch
Buyerwithin theperiod asstipulatedabove,SyberPlacewill be nonethelessbeentitledtothemarketingfee ontheproductas
agreedtoin thisAgreement. However,Seller agreestopackageanddispatch theproductstrictlyasperthe mandateand/or
anyguidelinesgiven bySyberPlace fromtimetotime.Selleralso undertakes thatitshallnotpromoteitsproducts,services,
offers,packages,etctotheBuyerdirectly,indirectlyand/orthroughemail,smsoranyotherelectronicorphysicalmode.

FINANCIALTERMS:

6.
Merchant shall quotebest,lowest andcompetitiveprices (inclusiveofallapplicabletaxes)oftheproductstobedisplayedon
the Website. Merchant authorizes SyberPlace in the capacity of marketingagenttodiscover anddisplay themarketprice
payable by the Buyer,basisthecompetitivepricingprevalentin themarket. Merchantshallbecommunicatedofthemarket
priceandshallabidebythatpriceasmay bediscoveredordisplayedby SyberPlacefromtimetotime.However,Merchant
willhavefull righttowithdrawtheproductsfromWebsite, ifit dissents with price discoveredbySyberPlaceand hasnotified
the same to SyberPlace. All such withdrawals will take effect within 12 24 hours from notification to the SyberPlace.
SyberPlacefurtherreservestherighttorunpromotionsofferingseveralbenefits/discountstotheBuyerontheWebsite.
7.

SyberPlace shall release thepaymentonthe3+8businessdays paymentcycle on deliverytothebuyer. SyberPlaceshall


make the payment by wayofaccountpayeecheque/RTGS/ NEFT. SyberPlacereservesthe right tochangethepayment
cycletoabettercycledependingonthebusinessneeds.

8.

SyberPlace shall release paymentfor allproductsdispatchedbytheMerchantin 15workingdays incasetheshipmentislost


ornotdelivered30daysaftershipmentbythemerchant.

9.

Merchant shall beresponsibleforfulfilling ordersfor inventory updatedby him. All orders cancelled byMerchantor delayin
shipmentbeyond1dayfrompublisheddispatchdateshallattractapenaltyof2%bornebytheMerchant.

LOGISTICSANDCONSUMERRIGHTS:
10.

The ownershipintheproductswillbe transferredtotheBuyer aftersuccessfuldeliveryatthedestination provided byBuyer,


until which the ownership in the product shall be with Merchant only. Asalarge marketplace, SyberPlacewillextendits
servicestoMerchantsbygivingmandates to logisticpartnerforfacilitating thesmoothfunctioningofthe transactionbetween
the Merchant and Buyer. Any damage to the product in transit duetomishandlingbythelogistic partner,SyberPlacewill
facilitatetherecoveryfromlogisticpartner.

11.

The Seller herebyagreesto acceptallsales returnCOD(Cash onDelivery)orNonCOD(NonCash on Delivery), whichare


refused/notacceptedbytheBuyeratthetimeofdelivery.

12.

Merchant will offer standardmanufacturerswarrantyactuallyassociatedwiththeproducts. However, the Parties agreethat


repair,replacementor 100% (onehundredpercent)refund ofmoneywillbegiventotheBuyeragainstmanufacturingdefect
or damage,Merchant shallissueasuitable,duly stamped,manufacturers warranty cardtotheBuyerwiththe productatthe
timeofdispatchoftheproducts,ifapplicable.

INTELLECTUALPROPERTYRIGHTS:
13.

Merchant recognizesandconfirmsthatSyberPlacehas theexclusiverighttosupervise,allow and rejectthecontentsofthe


Website. SyberPlace shall not be liable for contents and images shared,uploaded ordisplayedonwebsiteby Merchant
regardingitsproductsandallconsequentliabilitywillbebornebyMerchantonly

14.

Merchant hereby grants to SyberPlace the right to display / delist theproductand/orrelated logoand/ortrademarkand/or
brandname,etc.ownedbyitor itsbusinessassociates formarketing/sellingthroughtheWebsite.Merchantrepresentsthatit
has the necessary rights to grant such permission to SyberPlace and agrees to indemnify SyberPlace in respect ofany
claims,damages,lossesetc.,arisingoutoforinconnectionwithviolationofthesame.

15.

Except asagreedtobytheParties,thedata of Buyerswillbetheexclusive propertyofSyberPlace,andMerchant willnotuse


for itsown purposeor distributeitinany formormeansexceptforthepurpose ofthisagreementandshallkeepitconfidential
atall times.Confidentialinformationwouldinclude but notbelimitedtoBuyer details, marketinformation, allworkproducts
anddocumentsrelatedthereto, thecontentsof SyberPlaceswebsitewww.SyberPlace.com oranyother informationwhich is
treatedasconfidentialby SyberPlace,andanyotherinformationreceivedorto be receivedbyMerchantwhichisagreed tobe
treatedunderthesameterms.TheMerchantalsoundertakestofullyindemnifySyberPlaceagainstthebreachofthisclause.

REPRESENTATIONANDWARRANTIES:
16.

Merchant shall, atalltimes andtothecompletesatisfactionofSyberPlaceandwithoutdemurindemnifyandholdSyberPlace


harmless for any and all claims, demands,lawful actionsuitsor proceedings, liabilities, losses,costs, expenses(including
legal fees) or damages asserted against SyberPlace by the Buyer or any third party arising out of Merchants actionsor
omissions in connectionwiththesale ofMerchants productsandtheirperformanceduringtheperiodof thisarrangementand
for theproductssold, evenafterthetermination of thisagreement.Merchant representsand warrants thatitisalegal entity
engaged inalegitimate andlawful commercialenterprise&activity,havingallregulatoryapprovalsrequired torunthesimilar
businessanddoingregularcomplianceswithapplicableprovisionsoflaws.

17.

Merchant hereby declares and confirms that it deals in original, legitimate and genuine quality products whichareeither
selfmanufactured and/or procured fromthelegitimatechannel followingalllegalrequirements.Merchantfurther declaresthat
it shallnotviolatetheintellectualpropertyrightsofanythirdparty andforanybreach orviolationofsuch intellectualrights,it
shallbesolelyresponsible.

MISCELLANEOUS:

18.

Ifanydispute arisesbetweenthePartieshereto duringthesubsistenceofthis agreement orthereafter, inconnection with or


arising outofthis agreement, the disputeshall be referredtoarbitrationundertheIndianArbitrationand Conciliation Act,1996,
byapanelof3(three) arbitrators. Each Party willappoint1(one)arbitratorand the2(two)arbitratorssoappointedwillappoint
thethird orthepresidingarbitrator.ArbitrationshallbeheldatHyderabad,India.The proceedings of arbitrationshallbe inthe
Englishlanguage.ThearbitratorsawardshallbefinalandbindingontheParties.

19.

Thisagreementmaybeterminated by SyberPlace
or the Merchantbygiving30(thirty)daysnoticein writing.Provided,inthe
eventofamaterialbreachofthetermsofthisAgreement,SyberPlacemayterminatethisAgreementatanytime.

20.

Bothpartiesagreeforfollowings:
(i)

Assignment: This Agreementand the rights granted underitmaynotbeassigned ortransferred byeither


PartywithoutthewrittenconsentoftheotherParty.

(ii)

Notices:
All notices, requests and demands, andothercommunicationsrequiredorpermittedunder this
Agreement shall be in writing and either delivered personally or sent tothe officialaddress of the Party
through recognized courier service or email. Party may change its address bydelivering noticeofsuch
changeofaddresstotheotherParty.

(iii)

Severability: In the event that any provision of this Agreement is held by a court or other tribunal of
competentjurisdictiontobeunenforceable,suchprovisionshallbedeemedmodifiedtotheminimumextent

necessary to rendertheprovisionenforceableina mannerthat most closelyrepresents theoriginalintentof


theParties.Insuchevent,theremainingterms andconditionsofthisAgreementwillremainin fullforceand
effectandenforceable.

ACCEPTEDANDAGREED:

Name:

Date:

ANNEXURES:
I.
MerchantAssociationDetails
II.
MerchantFinancialDetails

AnnexureI

SyberPlaceESolutionsPLtd

Registered Business Name:


Please provide full name including Pvt / Ltd, if applicable

Brands :
Brand

Started in

, 2014

If brand was started in middle of 2014

Annual Sales in 2014-15


in Rs. crore

Address:
Business Type:
Proprietorship / Partnership / Pvt. Ltd.

No. of Business Partners / Directors:


Name of the Proprietor/MD
:
Email ID:

(To be filled by SyberPlace Personnel only)

Partnership ID:
Date of Association:
Appointed Associate:
Regional Partner:

Annexure
I
I

Phone#:

Registered Business Name:


Please provide full name including Pvt / Ltd, if applicable

Business Type:
Proprietorship / Partnership / Pvt. Ltd.

TIN No.
:

CST No.
:

Please attach scanned copies of the VAT and CST registration

TAN No.
:

PAN No.
:

if applicable

Bank Details
Beneficiary Name:
Account Number:

Bank Name:

Branch:

IFSC:

Followingdocumentsneedtobeattached:

1. CopyofVATRegistration
2. CopyofCSTRegistration(ifapplicable)
3. CopyofPANCard
4. CopyofoneCancelledCheque