You are on page 1of 6

BESTQUOTE PLATFORM

PARTNERSHIP
TERMS & CONDITIONS

May 2021
In consideration of the under mentioned premises and the mutual covenants and agreements contained herein, the
parties agree as follows:

DEFINITIONS AND INTERPRETATION


Clause headings are for convenience and shall be disregarded in construing this Agreement.

Unless the context clearly indicates a contrary intention, words importing a gender include every gender, references
to the singular shall include the plural and vice versa and words denoting persons include individuals and bodies
corporate, partnerships, unincorporated associations and other bodies (in each case, wherever resident and for
whatever purpose) and vice versa.

In this Agreement, unless the meaning is inconsistent with the context, the words and expressions set out hereunder shall
have the meanings respectively assigned thereto and cognate expressions shall have corresponding meanings:

“Agreement”: This Agreement as varied from time to time in


accordance with its terms.

“BestQuote”: BestQuote (Ghana) Limited is a company registered with the


Registrar-General of Ghana under the number C0003341828;
together with its price comparison website;
www.mybestquote.com; and registered address 2 Johnson Sirleaf
Road-North Ridge Accra, which expression shall where the context
so requires include its officers, assigns, agents and successors-in-
title.

“Partner”: An individual or company that will refer mybestquote.com


to others, drive sales to mybestquote.com and earn a commission
on each sale.

“Confidential Information” or Includes all material, non-public, business-related, information,


“Information”: written or oral, disclosed or made available to either party, directly
or indirectly, through any means of communication or observation.

“Intellectual Property”: Includes all inventions, literary works, artistic works, names, images,

“Platform”: Price comparison website: www.mybestquote.com established by


BestQuote (Ghana) Limited.

“Sale” When a customer is directed to www.mybestquote.com through


referrals and/or word of mouth recommendation and
makes a purchase.
PARTIES

This Agreement is made and entered into as of this ____ day of __________, 2021 (the “Effective Date”) by and
between:

BestQuote (Ghana) Limited a company registered under the laws of the Republic of Ghana, whose registered office
is at 2 Johnson Sirleaf Road, Accra, (hereinafter referred to as “BestQuote”) acting by its Head of Operations, Kwame
Kumi-Twumasi;

and

…………………………………………………………………………………[Name of Partner]

Hereinafter referred to together as the “Parties” and individually as the “Party”.

RECITALS

Whereas BestQuote is licensed by the National Insurance Commission as a Corporate Agent of Olea
M&G Insurance Brokers Co. Ltd;

BestQuote has established a price comparison website, www.mybestquote.com (the “Platform”) for the sale of
insurance products;

Whereas the Partner is willing to earn income or revenue by partnering with BestQuote to refer and/or recommend
the Platform to others, drive sales to www.mybestquote.com and and earn a commission of 4% on each sale.

Now, therefore, in consideration of the mutual covenants contained herein, the Parties agree as follows:
1. The agreement shall commence from the date when the agreement is signed and a tracking system has been
put in place to track all referral sales from the Partner.

2. BestQuote is properly licensed to transact business as a corporate insurance agent of Olea M&G Insurance Brokers
in accordance with the insurance laws, rules and regulations of Ghana and will maintain such license or licenses in
good standing for the duration of this Agreement.

3. BestQuote shall make available to the Partner a system to track all referrals, sales and commission earned.

4. BestQuote will transfer to the Partner monies (commission earned on sales) due the individual or Company
monthly; by 5pm UTC on the last Friday of every month and transferred by mobile money or visa card.

5. The Partner acknowledges that in the course of this partnership, BestQuote will make available to the Partner
certain information pertaining to their business and operations (“Confidential Information” or “Information”).
The Partner hereby agrees that as a condition to being provided the Confidential Information, he will not use any
Information related to BestQuote’s data, practices, procedures, know-how, systems and controls except in
connection with the performance of his duties hereunder. The partner shall;
(a) protect BestQuote’s information using a standard of care at least equal to that which it uses to safeguard its
own Confidential Information and in no event less than a reasonable standard of care;
(b) use BestQuote’s Information only to the extent necessary to perform its obligations pursuant to this agreement;
and
(c) disseminate Information to its representatives and agents only on a “need to know” basis, provided that all
persons to whom Information is disseminated shall be notified of its confidential nature. Partner will notify
BestQuote immediately upon any loss or unauthorized disclosure of Confidential Information.
Each party irrevocably commits itself to keep strictly as confidential all third-party information regarding any
customer or insured persons and their beneficiaries.

6. The language in all the Agreement shall be in all cases constructed simply according to its fair meaning and
not strictly for or against the Parties.

7. If any provision of this Agreement shall be found by any court or administrative body of competent jurisdiction
to be invalid or unenforceable, the invalidity or unenforceability shall not affect the other provisions of this
Agreement and all provisions not affected by such invalidity or unenforceability shall remain in full force and
effect. The Parties agree to attempt to substitute, for any invalid or unenforceable provision, a valid or
enforceable provision which achieves to the greatest possible extent, the economic, legal and commercial
objectives of the invalid or unenforceable provision.

8. This Agreement constitute the entire Agreement between the Parties and supersedes all prior discussion,
negotiations and agreements, whether oral or written. The Parties further intend that this Agreement
constitutes the complete statement of its terms and that no extrinsic evidence whatsoever may be introduced
in any judicial or arbitration proceeding involving this Agreement.

9. Any change or amendment to this Agreement, including oral modification supported by new
consideration, must be reduced to writing and signed by all Parties before it will be effective.

10. No waiver or default of any of this Agreement by any Party shall be implied from any omission of such Party to
take action against the defaulting Party. One or more waivers of any covenant, terms or condition of this
agreement by any Party shall not be considered to be waiver of render unnecessary consent or approval of
said Party of any subsequent or similar acts or omission.
11. The Parties irrevocably agree that all disputes arising out of this agreement shall be settled amicably between them
with thirty days of the occurrence of the dispute. Any controversy or claim arising out of this agreement which is
not settled between the Parties themselves shall be settled by the commercial division of the High Court of Ghana;
they shall have exclusive jurisdiction to settle the dispute.

12. This Agreement may be signed by one or more counterparts and the Parties agree that facsimile/email copies of
this Agreement to be considered as a legal original and with both signatures thereon shall be a legal and binding
Agreement.

13. To the extent authorized by the Constitution and laws of the Ghana, the Partner shall be indemnified and held
harmless against any and all claims, demands, damages, liabilities and costs incurred by BestQuote as a result of the
use of its website.

14. The Parties undertake not to commit, authorize or permit any action which could cause the other party to be in
violation of any applicable anti-bribery or anti-corruption laws or regulations. This obligation applies in particular to
illegitimate payments to government officials, representatives of public authorities or their associates, families,
close friends and or employees. Each Party agrees to notify the other as soon as possible if it becomes aware of or
have any specific suspicion of any corruption with regard to the negotiation, execution or the performance of their
duties. Either Party may terminate this Agreement with immediate effect if it becomes aware of any prohibited
payments or gifts provided by a party under the conditions described above.

15. The Partner may terminate the agreement upon the non-payment of commission by BestQuote for a period of two
months.

16. Either Party may also terminate this Agreement (upon the breach or unfulfillment of any obligations by the other
party for two months without reasonable cause) by giving to the other one (1) month’s prior written notice. Either
party may also terminate the Agreement upon the completion of the contract period.

17. Termination of this agreement shall be done through a written notice sent one month before the termination date.
IN WITNESS WHEREOF, the Parties hereto execute this Agreement.

Signed for and on behalf of BestQuote Ltd:

BY: WITNESS:
Name: Name:

Position: Position:

Signature: Signature:

Date: Date:

Signed for and on behalf of [Name of Partner]


]:

BY: WITNESS:
Name: Name:

Signature: Signature:

Date: Date:

You might also like