This Terms and Conditions define and establish certain principles to be followed by the Business executive and the rights, duties, and responsibilities of each Business executive.
The referral fee and payment to the Business executive shall be as per the Fee Schedule published by the Company from time to time. The Business executive shall not be entitled to any other sum or compensation in addition to the Referral Fee.Marshal fee and Life fee if any payable shall be at sole discretion of the company.
In no event, either Party will be liable to the other party for any indirect, special, incidental, or consequential damages, whether based on breach of contract, warranty, tort (including negligence) or otherwise, even if advised in advance of the possibility of such damage. Either party’s total liability under this agreement shall not exceed the referral fees paid and/or due from the Company.
The Business executive here by agree to indemnify and keep the company, its officers and directors, employees and its affiliates and their respective successors and assigns and each other person against any loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all expenses whatsoever reasonably incurred in investigating, preparing or defending against any litigation commenced or threatened or any claim whatsoever) arising out of or based upon any false representation or warranty or breach or failure by the Business executive to any Party either express or implied in connection with this transactions.
This Agreement and the service of the Business executive shall be governed by and construed in accordance with the laws of India. The Courts in City of Chennai shall have exclusive jurisdiction.
It is hereby agreed that any dispute arising out of or in connection to this Agreement shall be subject to Arbitration. Mr. P.S.Prabu, Advocate, having office at No.3, 6th Floor, Crown Court, No.128, Cathedral Road, Gopalpuram, Chennai-600 086, shall be the sole Arbitrator in the proceedings of such Arbitration. Any and all controversy (ies) /dispute(s)/difference(s)/claim(s) arising out of or in connection with or in relations to this Agreement, including its existence, validity or terminations, during its subsistence or thereafter shall be settled by Arbitration in accordance with the provisions of the Arbitration and Conciliation Act, 1996 or any statutory amendments thereof and shall be referred to the above said Arbitrator. The Award so rendered shall be final and binding on both the parties. The language shall be English, and the venue of such Arbitration shall also be decided by the Arbitrator.
13.1. This Agreement constitutes the entire agreement between the Business executive and Company and no other promises, representations, guarantees or agreements of any kind shall be valid unless given in writing.
13.2. For all purposes, only the English version will be taken as the official copy. No printed material by Business executive is allowed to be circulated without the written approval of Company. The Business executive shall be liable to be terminated under the conditions aforesaid and shall be held liable for any claims or damages arising out of such circulations.
13.3. Company shall not be liable for any incidental or consequential damages caused by breach, cancellation or suspension of this agreement, whether or not, the possibility of such damages is known to Company.
13.4. Company reserves its right to amend rules and regulations.
13.5. Company shall make no refund of any kind.
13.6. Company shall not be responsible for any cash payment made at any place
or payments made to any person.
13.7. The Company reserves the rights to alter, amend or revise any of the terms and conditions and may notify the Business executive of any changes to the terms and conditions in any manner it considers appropriate.
13.8. Any Change in the address of the Business executive shall be intimated to the Company in writing within 7 days of such change.
13.9. All remedies of the Company under this Agreement whether provided herein or conferred by Statute, Civil Law, Common Law, Custom, Trade or usage are cumulative and not alternative and may be enforced successively or concurrently.
The Business executive do hereby declares as follows:
14.1. The Business executive confirms that he/she has completed the age of 18 years prior to this application to the Company and thereby submits this application to the Company for consideration.
14.2. The Business executive has read the entire Agreement and he/she shall be bound by all the terms and conditions stipulated under this Agreement.
14.3. This Agreement and other documents have been explained to the Business executive in the language understood by him/her and he/she has understood the entire meaning of all the clauses.
14.4. The Business executive agrees that this Agreement shall be concluded and become legally binding on the date when the Business executive agrees and confirms to the terms and conditions.
14.5. The Business executive agrees herewith that they shall not change the ownership/partners or what events in the name of others without prior Company’s approval.