This Vendor Agreement (“Agreement”) is entered into by and between Obizmax (“Company”) and the undersigned vendor (“Vendor”) in connection with the Vendor’s participation on the Company’s online marketplace platform (“Platform”).

  1. Scope

1.1 The Vendor agrees to abide by the terms and conditions set forth in this Agreement for the purpose of offering and selling goods or services through the Company’s Platform.

  1. Parties

2.1 Company:Obizmax
2.2 Platform:
2.2 Vendor: _______________________________ [Input Vendor’s Name]
2.3 Customer: Site visitors who purchase through the Platform

  1. Selling Price

3.1 The Vendor must set fixed prices for their products and services on the Platform, however wise the company will decide the prices on the vendor behalf.
3.2 The Vendor must honour all sales made through the Platform.
3.3 The Vendor is responsible for ALL taxes and fees associated with their sales, including, but not limited to, taxes, delivery costs and service charges.
3.4 The Vendor must comply with all applicable laws and regulations governing the sales of their products and services, including, but not limited to, laws governing product safety, licensing, and advertising.

  1. Commission

4.1 The Vendor agrees to pay a Commission of 50% of the total revenue for each sale made through the Platform.
4.2 Commissions will be deducted from the Vendor via the payment made by the Customer through the Platform.
4.3 Balance of the proceeds to the sale shall be paid  to the Vendor after 7  days of the delivery date as documented on the Platform, via electronic fund transfer.
4.4 In the event of a payment dispute, the Company may decide to withhold the payment of the balance of the proceeds to the sale to the Vendor
4.5 The Vendor  agrees to cooperate with the Company to resolve the matter in a timely manner, responding to queries via phone, email or through digital messages within 24 hours.
4.6 Upon successful resolution of the payment dispute, any balance of the sales proceeds, after deducting any refunds, shall be paid to the Vendor within 7 working days.

  1. Dispute Resolution

5.1 In the event of any disputes arising from this Agreement, both parties agree to engage in good faith negotiations to resolve the dispute.
5.2 If a resolution cannot be reached through negotiations, the parties agree to pursue mediation or arbitration as specified in the dispute resolution clause of this Agreement.

  1. Effective Dates

6.1 This Agreement goes into effect on the Effective Date mentioned above.
6.2 The Agreement will continue in effect until terminated as per the terms outlined in Section 15.

  1. Personal Data Protection

The vendor must comply with all the following regulations, as well as all applicable laws and regulations governing the protection of personal data, including the Personal Data Protection Act (PDPA). This includes the following obligations:

7.1 Purpose limitation: The Vendor must only process personal data for the purposes specified in the Vendors agreement and in accordance with the instructions of the Platform. The Vendor shall not contact the Customer for the purpose of marketing and sales before, during and after the completion of the sale.
7.2 Data minimization: The Vendor must collect only the personal data that is necessary for the specific purpose for which it is being processed.
7.3 Accuracy: The Vendor must ensure that personal data is accurate and up-to-date.
7.4 Storage limitation: The Vendor must only store personal data for as long as is necessary for the purpose for which it is being processed.
7.5 Integrity and confidentiality: The Vendor must take appropriate technical and organisational measures to protect personal data against unauthorised access, use, disclosure, alteration, or destruction.
7.6 Accountability: The Vendor must be able to demonstrate compliance with the PDPA.

  1. Liability and Indemnification

8.1 The Company limits its liability for damages not covered by this Agreement, including personal damages, personal injury, and lost wages during the use of the Platform.
8.2 The Vendor agrees to indemnify and hold the Company harmless from any claims, damages, or liabilities arising from the Vendor’s use of the Platform.

  1. Signatures and Dates

9.1 This Agreement is legally enforceable upon the signatures and dates of both parties. 9.2 By signing this Agreement, the parties acknowledge their agreement to the terms and conditions stated herein.

  1. Additional Services and Confidentiality

10.1 The Vendor may have the option to purchase additional services not covered in the subscription. The costs and billing process for such services will be provided by the Company.
10.2 The Vendor may be required to sign a separate vendor confidentiality agreement to protect sensitive information.

By signing below, the parties acknowledge that they have read and understood the terms of this Agreement and agree to be bound by its provisions.

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