This Direct Seller Agreement ("Agreement") is entered into on ________
("Effective Date") between:
E Magnetic Health Pvt Ltd, a private limited company incorporated under Companies Act 2013, and having its registered office situated at: -
Address: - Flat 1202, Building No.01, Riverview Classic, Adharwadi Road, Kalyan, Thane, Maharashtra. Pin 421302,INDIA. (herein after referred to as “E-Magnetic" which expression shall always include its successors and assigns);
AND
______, residing at ______________(hereinafter
referred to as "Direct Seller").
RECITALS:
A. The Direct Seller has approached E-Magnetic Health Pvt Ltd in order to be appointed on a principal-to-principal basis as a direct seller.
B. E Magnetic Health Pvt Ltd has agreed to appoint the Direct Seller in accordance with the terms and conditions set out on E Magnetic’s web based KYC and Web based DSA (Direct Seller Agreement).
Under the provision of the Information Technology Act, 2000, web based Direct Seller Application Form, and this Agreement as an electronic contract, is valid and enforceable.
NOW THEREFORE, in consideration of the foregoing, and the premises and mutual agreements and covenants contained in this Agreement, the Parties hereby agree as follows
- 1. The ₹21,000 booking amount is only for reserving the vehicle. The company offers two EV scooter models priced at ₹68,500 and ₹89,500.
- 2. When you pay the full amount for the EV, the ₹21,000 booking amount will be deducted from the total price.
- 3. There is no time limit to make the full payment after booking the vehicle.
- 4. The booking amount is non-transferable and non-refundable.
- 5. You can own the EV for the ₹21,000 booking amount by referring 3 or 5 people, who must also book the vehicle by paying ₹21,000 each.
- 6. A business model is available for those who are interested, but there is no compulsion to participate.
- 7. If you do not plan to purchase the EV after booking, are not willing to provide referrals, or are not interested in the business model, this company may not be the right fit for you.