BusinessCity.com.bd is an online B2B bulk, Wholesale & retail marketplace that affiliates with various merchants who has physical sales outlets or performing online business. Businesscity.com.bd is a marketplace where all sellers participate to sell their own product. Businesscity.com.bd connects the seller with customer only being an agent only.
Now therefore, in consideration of this teams and conditions entered into between the Parties including any subsequent variation or management and mutual covenants contained herein the Parties hereto agree as follows: Both parties also agreed that this is initial understanding of teams and conditions and a detail merchant participation program teams and conditions of Businesscity.com.bd be signed by both the parties later for the smooth operation of this joint initiative.
1. RESPONSIBILITIES OF THE PARTIES
1.1 Seller will sell below listed products from Businesscity.com.bd online market place and its related e-commerce platform (e.g., official website, social media, or any other affiliate programs etc.) Marketplace: www.Businesscity.com.bd.
1.2 For selling a product from www.Businesscity.com.bd or its associated ecommerce platforms, agrees to provide commission on every product purchased using www.Businesscity.com.bd. www.Businesscity.com.bd will pay the consolidated amount for the products in every 30 days for a payment to the account of Seller.
1.3 For product delivery, an order notification to be sent to the corresponding address of Seller and Seller to deliver the product in 48 hour of an order placed.
1.4 Product warranty (if any) to supported by OR as per its declared warranty period.
1.5 If a product needs set-up as per product policy, it has to be done by seller any cost (if any) to be borne by relevant party as per published product details.
1.6 The parties will not surcharge any additional amount on customer.
1.7 If the product prices reduces, the same to be communicated to Businesscity.com.bd by seller In case, customer pays on old price for any reason, the additional amount to be reimbursed by seller to Customer through Businesscity.com.bd.
1.8 Seller agrees to allow Businesscity.com.bd to include its company name, logo, address, telephone number & other information in all communication materials produced by Businesscity.com.bd. Use of Businesscity.com.bd name, logo & details on any communication material will be done with prior written consent from Businesscity.com.bd and vice versa.
1.9 Businesscity.com.bd will promote this offer, at its own cost, through its own communication channels.
1.10 Businesscity.com.bd will not hold any responsibility for the product quality and its performance. seller will be responsible for all related cost incurred for dispute due to the product quality or performance.
Both the Parties will maintain confidentiality. Confidential Information means, for the purpose of this teams and conditions any and all information technical, commercial or of any other kind whether documented or not, furnished by one Party to the other Party, with the exception of:
a) Information, which the Parties expressly have agreed not to be confidential;
b) Information, which is publicly known or which will be brought to the public knowledge without any fault made by the Party receiving the information;
c) Information, received from a third Party or which will be received from a third Party without restraints as to the use thereof.
3. DURATION & TERMINATION
This teams and conditions shall be effective from the sign up date for a year and shall continue unless it is terminated by either party. Parties hereto reserve the right to terminate this Agreement at any time by giving 30 days’ prior written notice. The related party shall be fully be liable for the responsibility even if the agreement is terminated.
4. DISPUTE RESOLUTION
All disputes relating to the terms and conditions shall be settled amicably between the Parties within 30 days. If the amicable settlement fails or that 30 days’ period expires without any settlement, that dispute shall be referred to arbitration in accordance with the provisions of the Arbitration Act. Each Party shall appoint its own arbitrator and the arbitrators of the parties so appointed shall appoint a third arbitrator who shall be the Chairman of the Arbitral tribunal. The award of the Arbitral Tribunal shall be final and binding upon the Parties. Each Party shall bear its own costs and charges of arbitration unless otherwise directed by the tribunal. The arbitration shall take place in Dhaka.
GOVERNING LAWS AND JURISDICTION
This teams and conditions shall be governed by and be construed in accordance with the laws of the People’s Republic of Bangladesh and shall be subject to the jurisdiction of the Courts of Bangladesh.
At any time during the validity of this teams and conditions, the Parties may mutually agree to modify or amend the existing terms, conditions or requirements of this teams and conditions only in writing as circumstances demand. This teams and conditions do not restrict Businesscity.com.bd and seller to enter into agreements with other organizations for the same or similar purposes.
TEAMS AND CONDITIONS ACCEPTABILITY
This teams and conditions will be accepted by email correspondence. Both parties must be acknowledged by email communication and it will be proven evidence for future reference.
Both Parties official communication medium are email@example.com of BUSINESSCITY.COM.BD and signing up email of seller.
NB: This is an online line teams and conditions so written signature is not required.