The Vendor (hereinafter referred to as Service Provider) agrees to the terms and conditions mentioned herein

below for the services to be rendered to Permute Solutions Private Limited, a company incorporated under the Companies Act, 2013 having its registered office at 22-C, New Green Park, Jalandhar, Punjab 144003, India, (hereinafter referred to as “Company”, which expression shall, unless be repugnant to the context or meaning thereof, shall be deemed to mean its successors and permitted assigns).

Company and Service Provider shall be collectively referred to as “Parties” and individually as “Party”.

WHEREAS:

• The Service Provider is inter-alia engaged in the business of providing marketing and advertisement services and has the necessary experience, expertise, manpower and infrastructure to provide the requisite services to the Company.
• Based on the representations of the Service Provider, the Company desires to appoint the Service Provider to provide various services, on the terms and conditions set forth

NOW THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS CONTAINED HEREIN, THE RECEIPT AND SUFFICIENCY OF WHICH THE PARTIES HEREBY ACKNOWLEDGE, THE PARTIES HERETO AGREE AS FOLLOWS:

APPOINTMENT

On and from the execution of the Vendor Registration Form (“Effective Date”), the Company appoints the Service Provider and the Service Provider hereby accepts its appointment to provide the Company advertisement marketing and related services and other allied services other allied services.

SERVICE FEES

In consideration of the Services to be rendered hereunder by the Service Provider, the Company shall pay service fees upon such terms and conditions as agreed between the Parties, in writing.

SERVICE PROVIDER’S COVENANTS

• Service Provider shall render the Services within the stipulated time and as per the terms and conditions agreed.
• Service Provider shall render the Services in a diligent, professional and ethical manner using the highest degree/standard of care, expertise and skill, along with performing all ancillary/related tasks that may be reasonably requested by the Company from time to time.
• Service Provider shall not assign, commit, execute, bind, or contractually obligate anything to any person/entity on behalf of the Company, without the prior written consent of the Company.
• Service Provider shall at all times and at its own expense: (a) strictly comply with all applicable laws; (b) pay all fees and other charges required by such applicable law; and (c) maintain in full force and effect all licenses, permits, authorizations, registrations, and qualification from any authority to the extent necessary to perform its obligations hereunder.
• Service Provider hereby agrees and undertakes that the Services provided by the Service Provider shall be to the satisfaction of the Company.
• Service Provider agrees that any information given by the Service Provider to the Company will always be true, accurate, correct, complete and up to date, to the best of the Service Provider’s knowledge.
• If the Service Provider or its services come under the ambit of Goods & Services Act (“GST”), the Service Provider shall comply with all the requirements of GST law, so that necessary benefit is passed on to the Company.

COMPANY’S COVENANTS

• Company shall at all times and at its own expense: (a) strictly comply with all applicable laws,; (b) pay all fees and other charges required by such applicable law; and (c) maintain in full force and effect all licenses, permits, authorizations, registrations and qualification from any authority to the extent necessary to perform its obligations hereunder.
• Company shall provide all necessary information/documents to the Service Provider/its staff & personnel in order to enable them to render the Services as per the terms and conditions.

REPRESENTATIONS AND WARRANTIES

Each Party hereby warrants and represents to the other Party that:

• it is duly organized and validly existing under the laws of the jurisdiction in which it is established.
• its obligations hereunder constitute legal, valid, binding and enforceable obligations; and
• The transactions contemplated herein do not breach its organizational documents or any law, provisions of any contract or order of court applicable to it and do not require any applicable governmental approval.

INDEMNITY

Service Provider shall indemnify and hold the Company and its officers and employees harmless from all expenses, costs, causes of action, claims, demands, liabilities and damages, including reasonable attorney's fees, resulting from or growing out of any unauthorized act or transaction or any negligent act, omission or transaction by Service Provider or employees of Service Provider.

TERMINATION AND CONSEQUENCES OF TERMINATION

• Either Party may terminate the Services on the occurrence of any of the following events:
  • immediately, if other Party is declared insolvent or bankrupt or is unable to pay its debts or makes a composition with its creditors; or
  • immediately, if other Party is dissolved or wound up compulsorily or if an order made or an effective resolution is passed for the winding up of the such Party; or
  • in case of any material breach by the other Party, however after giving 15 (fifteen) days prior written notice to the other Party to rectify such breach and the Party in breach is unable to rectify such breach within such 15 (fifteen) days’ time.
• In addition, the services may be terminated by either Party, for convenience, by giving 30 (thirty) days prior written notice to the other Party.
• The termination of the services shall not relieve any Party of any obligation or liability accrued prior or after the date of termination.

CONFIDENTIALITY

Service Provider shall utilize the Confidential Information only for the purposes of rendering the Services hereunder. Upon expiration/termination of services , or at any time at the request of the Disclosing Party, the Receiving Party shall return to the Disclosing Party all Confidential Information in its possession and, if so requested by the Disclosing Party, delete irretrievably any Confidential Information that it may have stored on any magnetic or optical disk or memory or otherwise in electronic/physical form in its possession or control. If requested, Receiving Party shall give written confirmation to the Disclosing Party that all Confidential Information in its possession or control has been duly returned or destroyed in its entirety.

INTELLECTUAL PROPERTY

• Service Provider hereby agrees and understands that without the prior written consent of the Company, the Service Provider and/or its employees, personnel, contractors, agents or any other person empowered/authorised by the Service Provider shall not use the name, brand name, logo, wordmark, trademark, service marks, etc. of the Company or of any of Company’s merchant/client, for any purpose whatsoever including for representation of its clientele base or to publish any promotional or advertising material.
• The Parties agree that all the intellectual property already developed and/or owned by each Party as on the date of this Agreement shall continue to vest with the concerned Party.
• Nothing contained herein shall authorize the Parties to use, apply, invade or in any manner exploit or infringe the intellectual property rights of the other Party, without prior consent of the other Party. In addition, the Parties undertake not to infringe the intellectual property rights of any third party.

GOVERNING LAW AND JURISDICTION

The construction and enforcement of terms and the interpretation of the rights and duties of the Parties hereto shall be governed by the laws of India and shall be subject to the jurisdiction of courts in Gurugram, Haryana, India.

MISCELLANEOUS

Independent Contractor: The Service Provider agrees that all Services will be rendered by it as an independent contractor and that acceptance of the terms and conditions does not create an employer-employee/joint-venture relationship between the Service Provider and the Company.