Terms & Condition

  1. You shall all times while working as Business Associate with the agency hold a valid identity card issued by the agency for acting as Business Associate.
  2. Duties and Responsibilities:
    The agency will expect you to work, in any section in which you are placed, with a high standard of initiative, efficiency, integrityand economy.
  3. Minimum Business Guarantee: Evaluation of your performance and continuance of your association as Business Associate shall be based on achievement of the Minimum Business Guarantee norms laid down by the agency from time to time. The agency at its sole discretion may modify by increasing or decreasing the Minimum Business Guarantee norms from time to time.
  4. Training & Development:
    • We highly believe in trained work force. To ensure the effectiveness of the sales team, we provide Training sessions on regular basis. This will further enhance the sales skills and will impart complete information regarding the products.
  5. Commission/ Payments:
    Commission on the business procured & completed by you shall be paid as per the relevant provisions of the agency and in accordance with the prescribed commission structure (This however subject to change time to time). The Agency shall reserve the right to vary the commission rates from time to time.
  6. Expectations from Associate:
    1. We expect you to devote your attention in carrying out your work activities honestly, faithfully and diligently keeping in mind at all times, the Agency’s policies.
    2. You are not allowed to give any written documentation on behalf of the agency to the client.
    3. The agency would not be liable for any false commitment made by you to the client.
    4. You are not allowed to offer any discount to the client in any manner. Disciplinary action to the tune of Termination would be taken if it is found that you have been given any discount to the client.
    5. We expect you to keep your work strictly confidential and not divulge or disclose to any outsider or ex-business associate, either during your association or after, any information or confidential matters related to the Agency, its associates. We expect that you will not act in any manner, which may be prejudicial or detrimental to the reputation and standing of the Agency.
  7. No Employer- EmployeRelation: There shall be no employer-employee relationship between you and the Agency and you shall not be entitled to any payments whatsoever other than the commissions for the proposals secured for the Agency. You are not authorized to make any commitments which shall have a binding effect on the agency and any commitments or representations made by you shall be deemed to have been made personally and not on behalf of the agency. In case the agency incurs any loss on account of any wrong and unauthorized representation made by you, the agency shall have the right to recover the losses from you including any levy or penalty as may be levied by any statutory or regulatory body. Recovery of losses from you may also be made in the same manner as laid down for recovery of commission paid as mentioned herein above or in the manner as may be deemed fit at its sole discretion by the agency in this regard.
  8. Misrepresentation:
    The agency shall rely on the information furnished and representation made by you from time to time. If any information or representation is found to be incorrect or if any material information is detected by us to have been suppressed by you, the agency shall have the right to terminate this associationwith immediate effect.
    In case the contract of Sales for which commission was paid to you has been cancelled for any reason the agency reserves the right to recover the commission already paid to you.
  9. Termination/Suspension/Resignation:
    At any time during your tenure with the agency, the agency may cancel/suspend this association and your engagement as a Business Associate, after giving a reasonable opportunity of being heard, if you:
    1. Violate any of the terms of this association letter.
    2. Fail to furnish any information relating to your activities as an associate as required by the agency.
    3. Furnish wrong or false information,
    4. Do not cooperate with any inspection or enquiry conducted by the agency.
    5. Fail to full fill the prescribed Minimum Business Guarantee norms.
  10. Disputes:
    Any dispute between the two parties shall be referred to arbitration. The arbitrator shall be appointed by the Agency.

Acknowledgement

I have gone through theterms and condition of Business Associate. I have fully understood all the clauses mentioned therein and I am interested to join Nivesh Global as Business Associate.

Name of the Business Associate: Pan Card No.:
Date:

Signature of Business Associate