Channel Partner Appointment Agreement
Date:
To: Mr./Ms. ________________________
Appointment
We are pleased to empanel you as a Channel Partner for the promotion and facilitation of sales in Yula Globus Developers LLP’s (the LLP) Residential Projects, subject to the following terms and conditions. This appointment is non-exclusive and does not confer any rights of sole-selling or exclusivity.
Documentation Required
Prior to activation, please submit the following documents (scanned copies acceptable, originals to be verified at signing):
· Copies of PAN Card & Aadhar Card
· GST Registration Certificate / Exemption Declaration
· RERA Agent Registration Certificate (with renewal proof, as applicable)
· Cancelled cheque of designated payout account
· Business card and valid contact details
Terms & Conditions
1. Scope of Engagement
· The Channel Partner may promote, source, and facilitate prospective customers for residential projects of the LLP.
· The Channel Partner shall not misrepresent, overcommit, or impersonate the LLP in any manner.
· All sales shall be directly concluded between the Customer and the LLP.
· The term of this Agreement shall be five (5) years commencing from the Effective Date.
2. Commission / Fee
· Commission shall be paid at Rs.200/- per sft (exclusive of GST) of the Agreement Value for transactions facilitated by you.
· The LLP reserves the right to revise commission structures either upwards / downwards for specific projects, subject to prior written communication.
· Incentive schemes (if any) shall be project-specific and time-bound.
· All applicable taxes, including Tax Deducted at Source (TDS) and other statutory deductions as mandated under applicable laws, shall be deducted from the payments payable.
3. Payment Terms
· Commission becomes payable upon: Receipt of at least 20% of Agreement Value and Execution of Agreement of Sale (AOS) from clients.
· Commission will be released within 30 working days of invoice submission, subject to: Deduction of applicable taxes, and No outstanding dues from the Channel Partner.
· All payments will be made via bank transfer only.
· The Channel Partner shall provide prior written notice to the Company of any changes to its contact information, business details, statutory registrations, banking details, or other material particulars relevant to this Agreement
4. Lead Registration Protocol
· Leads must be pre-registered through the LLPs CRM/email prior to customer site visit.
· The Customer must declare the Channel Partner as ‘Lead Source’ in the enquiry form and application form.
· In the event of multiple claims, the declaration by the Customer shall be final and binding.
· Leads shall remain valid for 90 days, unless extended in writing.
5. Marketing & Branding
· The Channel Partner shall not: Use the LLP or Project branding in domain names, websites, or social media without prior approval.
· Release advertisements or promotional material using the LLP’s name/logo without written consent.
· All approved marketing material must clearly mention the Channel Partner’s identity and role.
· Unauthorized or misleading marketing will lead to immediate termination of empanelment.
6. Foreign Customers – Compliance with FEMA and RBI Regulations
· The Channel Partner shall ensure that all transactions involving foreign customers, NRIs, OCIs, or overseas investors are conducted in accordance with applicable FEMA provisions, RBI guidelines, and other relevant laws. The Channel Partner shall not make any unauthorized representations and shall assist in obtaining all necessary documents and approvals. Any loss, penalty, liability, or regulatory action arising from the Channel Partner's non-compliance, misrepresentation, or violation of applicable regulations shall be solely borne by the Channel Partner, who shall indemnify and hold the Company harmless against the same.
7. Customer Payments
· All customer payments must be made only in the name of Yula Globus Developers LLP Collection Account of the Yula Globus Neo
· No cash transactions are permitted.
· All payments from customers shall be made only in favor of the bank account, entity, or beneficiary name as communicated by the Company from time to time. The Channel Partner shall ensure strict compliance with such instructions and shall not permit or encourage any deviation therefrom.
8. Refunds & Adjustments
· If a unit booked through the Channel Partner is cancelled, the brokerage paid shall be refunded / adjusted against future dues.
9. Code of Conduct
· The Channel Partner shall adhere to ethical selling practices, without offering rebates, incentives, or part-commission sharing with Customers or the LLP staff.
· Maintain confidentiality of the LLP pricing, inventory, and customer information.
· Ensure compliance with RERA guidelines and all applicable laws.
10. Confidentiality and Non-Solicitation Obligations
· The Channel Partner acknowledges that all information relating to the Company's employees, consultants, agents, customers, vendors, business associates, and other channel partners, including but not limited to their identities, contact details, business relationships, commission structures, performance data, contractual terms, operational processes, and any other non-public information, shall constitute Confidential Information.
11. Validity & Termination
· This agreement remains valid until terminated by either party with 30 days’ prior written notice.
· Breach of these terms may result in: Immediate termination, Forfeiture of unpaid commission, and Legal action, if necessary.
12. Governing Law & Jurisdiction
· This agreement is governed by the laws of India.
· Any disputes shall be subject to the exclusive jurisdiction of Hyderabad, Telangana courts.
For Yula Globus Developers LLP
Authorized Signatory
For Channel Partner
Name: _______________________________
Company: ____________________________
Address: _____________________________
____________________________________
Authorised Signature: ____________________