GENERAL TERMS & CONDITIONS FORMING PART OF THIS APPLICATION FORM FOR DIRECT SELLING PARTNER

I hereby agree to become a Direct Selling Partner of Akoni Vending Solutions LLP. and to participate in its Business Marketing Plan. As a Direct Selling Representative, I understand and agree that:

1. I am a major and competent to execute this agreement.
2. I have studied & carefully reviewed the business plan, rules, regulations, policies and procedures. I shall become a Direct Seller cum Independent Representative forming part of this agreement upon acceptance of application form. I shall have the right to introduce & promote new marketing partners.
3. I understand that Akoni World at its discretion may amend the Business Marketing Plan, its rules, regulations, policies and procedures and terms & conditions of this Marketing cum Representative agreement and shall notify its representatives or Direct Selling partners about amendments, alterations, deletions or additions from time to time to cope with the government policies or economic conditions etc.
4. I hereby confirm that I have entered into this agreement as Independent Contractor. My status shall remain as that of a Direct Selling Partner and not as an employee. I shall take upon this business as my very own business and shall bear all expenses and operational costs incurred to run the same.
5. I hereby confirm that as a Direct Selling Partner I shall strive to develop my business in the most efficient way and I shall assist my downline Direct Selling Partners in building their direct selling business.
6. I hereby confirm that in the process of sponsoring new recruits or promoting Akoni World, I shall not attempt to induce customers by quoting unsubstantiated examples and claims or misappropriate the money of downline Direct Selling Partners or customers.
7. I will not use the trademark of Akoni World except in advertisement provided by Akoni World, neither shall I advertise the concept and/or neither business plan of Akoni World on my own nor I shall recruit any new Direct Selling Partners through any media. I am however permitted to promote the same only through personal contact and word of mouth.
8. I shall under no circumstances re-pack or alter the packaging or labeling of the materials/products of the Company in any way.
9. I shall solely be responsible for the compliance with applicable taxation requirements.
10. I understand that company shall not be liable for non performance of its obligations under this agreement due to circumstances beyond its reasonable control.
11. The payment by newly appointed Direct Selling Partner shall not be refunded in any circumstances and first incentive payment after appointment of newly Direct Selling Partner will be paid after 40 days after his/her appointment.
12. As per company business plan, this agreement will terminate after two years automatically. If any Direct Selling Partner wants to extend or to renew the same, he/she would express his/her intention in writing well in time to company two months before expiry of agreement and deposit stipulated renewal charges, if any. The company reserves the right to accept or reject the same.
13. I understand that only a representative of Akoni World who has received training and directed by the company to do the same, can make public presentations of Akoni World Business Marketing Plan.
14. I understand upon death of the Direct Selling Partner the rights and responsibilities of the Direct Selling Partner are passed to the rightful nominee as per law. The nominee shall be bound by the terms and conditions of the original Direct Selling Partners application form and agreement.
15. I understand that Akoni World also reserves the right to terminate any Direct Selling Partner at any time.
16. There will be monthly closing of sales and Direct Selling Partner will receive their incentives only in the form of cheques or bank transfers.
17. I understand that Direct Selling Partner is not allowed to display company materials for commercial purpose.
18. I agree to under to submit my complaint/grievances/claim against the company or a representative of the company if any to arbitration in terms of Arbitration & Conciliation Act, 1996. However all proceedings shall come within the jurisdiction of High Court of Chandigarh and such proceedings shall be held in Chandigarh only.
19. This agreement will be binding upon receipt at the company registered office and upon the acceptance thereafter by Akoni World.
20. All legal matters subject to Amritsar jurisdiction only.
21. I acknowledge that I have read and understood and agree to the terms and conditions set forth in this agreement. This agreement in not in force until accepted by Akoni World. Any person contravening any rules, regulations and by laws of this agreement or deviation from Akoni World Business Marketing Plan, Rules, Regulations, Policies and Procedures, or causing any unlawful loss to the company shall be terminated with immediate effect and such action both civil & criminal shall be proceeded with against him/her as may be available to the company.