Goldvision

Terms and Conditions

This instrument here after referred to as the agreement executed between Applicant and Company. The Company is engaged in the business of Direct Selling through Multi Level Marketing (M.L.M.) and in other business activities as stated in the object clauses of Memorandum and Articles of Association of the Company. The Company authorises Direct Sellers across the country for marketing and sale of its Products and Services. An individual (Indian Citizen only) intended to become Direct Seller can apply for the same in prescribed application form of the Company. There is no fee or charge for becoming Direct Seller of the Company. The applicant must be 18 years of age or above. The Company exclusively uses its website to display the details of the products, marketing methods and business monitoring. It also uses verbal publicity to promote its business. For smooth running, simplifying, keeping transparent, prevention of fraudulent practices and betterment of the business of Direct Selling, the Company has framed certain rules and regulations, marketing plan, terms and conditions etc. These terms and conditions are construed in accordance with model guidelines on direct selling issued by the Govt. of India, Ministry of Consumer Affairs, Food & Public Distribution, Department of Consumer Affairs, New Delhi vide F. No. 21/18/2014-IT (Vol.-II) dated 9th Sept, 2016.

WHEREAS the applicant has gone through the Company’s official website and read printed documents, brochures including stipulated terms and conditions for becoming Direct Seller.

The Company and Direct Seller have clearly understood and agreed to abide by the terms and conditions as laid down herein at the time of the agreement.
 

1. NOW THIS AGREEMENT OF DIRECT SELLING WITNESSES AS FOLLOWS

Definitions

Means marketing, distribution and sale of goods/products or providing of services as a part of network of Direct Selling.

Direct Selling

Means marketing, distribution and sale of goods/products or providing of services as a part of network of Direct Selling.

Direct Seller

Means a person authorized, directly or indirectly, by a Direct Selling Entity through a legally enforceable written contract to undertake direct selling business on principal to principal basis.

Consumer

This means a person who purchases goods or hires services for personal use/consumption and not for resale or commercial purposes. It shall have the same meaning as provided under the Consumer Protection Act., 1986.

Goods / Products and Services

Means goods/products as defined in the Sale of Goods Act, 1930. “Services” Means service as defined in Consumer Protection Act, 1986.

Cooling-Off Period

Means the duration of time counted from the date when the Direct Seller and the Direct Selling Entity enter into an agreement and ending with date on which the contract is to be performed and within which direct seller may repudiate the agreement without being subject to penalty for breach of contract.

Unique ID/Track ID

Means Unique Identification Number issued by the Company to the Direct Seller as token of acceptance for direct selling of goods/products and services of the Company.

Password

Means unique password awarded to each Direct Seller to allow him to log on to the website of the Company.

Website

Means the official website of the Company i.e. www.goldvision.in  

2.THE AUTHORISATION OF DIRECT SELLER AND UNDERSTANDING:

After submitting application form to the Company duly signed by applicant, the Company upon scrutiny and verification of the details submitted by applicant in application form may register as “Direct Seller” and authorise him for selling of the goods/products and services of the Company. The Company exclusive reserves the right to accept or reject or decline the application at its discretion without assigning any reason whatsoever.

The Direct Seller shall enjoy the following privileges

The applicant hereby covenants that as under

3. GENERAL TERMS

4. PROHIBITIONS/ RESTRICTIONS

5. DUTY AND CONFIDENTIALITY

6. SPECIAL CONDITIONS

7. TERMINATION

The company may terminate this agreement on the ground of any reason which shall not be limited to the following

8. RENEWAL / AGREEMENT PERIOD

9. FORCE MAJEURE

10. DISPUTE SETTLEMENT AND ARBITRATION

11. SMS. ALERTS