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This Channel Partner Agreement is made and executed at [●] on this [●] day of [●] 2020
Between
Forceone Cyber Securities & Developers LLP, a limited liability Partnership incorporated
and registered under the provisions of the Indian LLP Act 2008, PAN: [●], having its regis-
tered address at S No 44/A, Shoppers Orbit, SH No 160, Dew Drops, Vishrantwadi Pune
Maharashtra 411015 India, through the hands of its authorized signatory Designated Part-
ner Mrs. Pramila Santosh Jadhav, Adult, Indian Inhabitant, having DPIN 08488969 herein-
after referred to as “the LLP” (which expression shall, unless repugnant to the context or
meaning thereof, be deemed to mean and include its successors and assigns) of the ONE
PART;
Netsurf Communication Private Limited a company incorporated under the Companies act
1956, PAN: AABCN0065A, having its registered address at Sr No. 107 Emirus Bldg. E
4th,7th,8th &Terrace Floor, Baner Pune Maharashtra 411045, through the hands of its au-
thorized signatory Director
Mr. Sanjay Malpani, Adult, Indian Inhabitant, having DIN 00901995 hereinafter referred to
as “the Company” (which expression shall, unless repugnant to the context or meaning
thereof, be deemed to mean and include its successors and assigns) of the SECOND PART;
WITNESSETH:
WHEREAS
A. The Company is the owner of the exclusive license of the Subject Product as de-
fined below;
B. The Company is willing and able to grant an exclusive world-wide right to market
and sell the Subject Product to the CUSTOMER on the terms set forth herein;
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C. CUSTOMER desires to obtain said exclusive right to market and sell the Subject
Product in the multi-level marketing industry, as further defined in this Agreement.
NOW, THEREFORE, for and in consideration of these premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties
hereto expressly agree as follows:
1. Definitions
The term “Subject Product” shall mean the processed <> known as <>, which in-
cludes the <> and marketing materials related to the <>, as well as any subsequent
improvements thereto.
“Channel Partner” means the individual or company that the Company acknowl-
edges has, exclusive right to market and resell Products, obtained from the Com-
pany or an authorized Company distributor, in the Territory, directly to End Users.
“End User Agreement” means the agreement between the Company and End User
(e.g. the Company Subscription Agreement) governing End User’s use of the Prod-
ucts in accordance with the terms therein.
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or reduce the performance or security of a computer program or data.
“Order” means a purchase commitment mutually agreed upon between (1) the
Company and Channel Partner, or (2) the Company authorized distributor and
Channel Partner.
“Subscription Key” means an encrypted access code that allows End Users to ac-
cess the Databases and use the Software.
“Territory” means: (i) with respect to Channel Partners of the Company, within In-
dia or outside India.
2. GRANT OF RIGHT
The Company hereby grants to the Channel Partner the exclusive right to market,
sell and offer for sale throughout the Territory through Sales Marketing the Subject
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Product. The Company covenants and agrees to sell the Subject Product exclusively
to the Channel Partner.
3. Resale Rights
Subject to the terms and conditions of this Agreement, the Company grants Channel
Partner the exclusive right to market and resell Products, and may only be resold in the
Territory, directly to End Users. Channel Partner will not modify or copy any Product;
however, Channel Partner may bundle the Products along with Channel Partner’s hard-
ware or software and distribute such bundled products to End Users provided that such
Products may only be used as part of a Subscription to one or more of the Databases.
Channel Partner is free to set its own prices for the Products.
5. Revenue Sharing
The Channel Partner shall be eligible for Commission equivalent to 25% of total revenue
received from the sale of these software from any source.
The rate of commission shall be reviewed every year and suitable increased as mutually
agreed between the parties.
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6. Reimbursement of expense
During the Term, the Company shall reimburse all reasonable out-of-pocket expenses
as follows as may be incurred by the Channel Partner as part of sales and marketing of
this product.
7. Taxes
Unless otherwise required by law, the Company shall pay all applicable Central, state,
municipal and other taxes including, without limitation, sales, use, GST, withholding and
other taxes, and customs and import duties on Products,. For any withholding taxes
that are deducted by the Company from its payments to Channel Partner and remitted
to tax authorities in accordance with applicable law, the Company will provide all such
assistance as Channel Partner may require in order to eliminate or minimize such with-
holding taxes including providing any necessary information and assistance required by
Channel Partner to enable a claim to be made under any relevant double taxation
agreement for the reduction of such withholding taxes. The Company will also provide
documentary evidence acceptance to Channel Partner of any withholding tax amounts
being paid to the relevant tax authority to include a receipt issued to the Company by
the relevant tax authority.
8. Keys
Upon receipt of an Order including agreed-upon payment terms, the Company will
issue a Subscription Key to the End User.
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Company.
AS BETWEEN THE COMPANY AND CHANNEL PARTNER, THE PRODUCTS AND ANY
MATERIALS PROVIDED PURSUANT TO THIS AGREEMENT ARE PROVIDED “AS IS,” AND
TO THE MAXIMUM EXTENT ALLOWED BY LAW, THERE ARE NO OTHER WARRANTIES,
EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO, THE IMPLIED WARRANTIES
OF MERCHANTABILITY, NON-INFRINGEMENT, TITLE OR FITNESS FOR A PARTICULAR
PURPOSE WITH RESPECT TO THE PRODUCTS OR MATERIALS.
Channel Partner may not make any additional representations or warranties with
respect to the Products other than the limited warranties made by the Company in
this Agreement.
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crets and know-how, product plans, Products, services, suppliers, customer lists and
customer information, prices and costs, markets, software, databases, develop-
ments, inventions, processes, formulas, technology, employee information, designs,
drawings, engineering, hardware configuration information, marketing, licenses, fi-
nances, budgets and other business information), which is designated as "Confiden-
tial," "Proprietary" or some similar designation at or prior to the time of disclosure,
or which should otherwise reasonably be considered confidential by the Receiving
Party. Confidential Information may also include information disclosed to a Disclos-
ing Party by third parties. Confidential Information shall not, however, include any
information which the Receiving Party can document (i) was publicly known and
made generally available prior to the time of disclosure by the Disclosing Party or an
authorized third party; (ii) becomes publicly known and made generally available af-
ter disclosure through no action or inaction of the Receiving Party in violation of any
obligation of confidentiality; (iii) is already in the possession of the Receiving Party at
the time of disclosure; (iv) is lawfully obtained by the Receiving Party from a third
party without a breach of such third party's obligations of confidentiality; or (v) is in-
dependently developed by the Receiving Party without use of or reference to the
Disclosing Party's Confidential Information. The Receiving Party agrees it shall take
the same measures, but no less than reasonable security measures, and use the
same care, but no less than a reasonable degree of care, as it uses with its own con-
fidential information to preserve and protect the secrecy of, and to avoid disclosure
or unauthorized use, publication, or distribution of, the Disclosing Party’s Confiden-
tial Information. The Receiving Party may use Confidential Information only for the
purposes identified in this Agreement and shall disclose the Confidential Informa-
tion only to its employees, agents or consultants who have a need to know the Con-
fidential Information, have been advised of the confidentiality obligations related to
the Confidential Information, and are under an obligation of confidentiality no less
stringent than that contained herein. Any other use of Confidential Information is
forbidden and a material breach of this Agreement.
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law, and by international treaty provisions. Channel Partner may not remove any
proprietary notice of the Company or any third party. The Products include soft-
ware products licensed from third parties. Such third parties have no obligations or
liability to Channel Partner under this Agreement but are third party beneficiaries of
this Agreement. No ownership of the Products passes to Channel Partner. The
Company may make changes to the Products at any time with prior notice to the
Channel Partner. Except as otherwise expressly provided, the Company grants no
express or implied right under the Company’s patents, copyrights, trademarks, or
other intellectual property rights.
15. Indemnification
the Company agrees to defend, indemnify and hold the Channel Partner harmless
from and against any and all damages, liabilities, costs and expenses (including but
not limited to attorneys' fees) arising out of, related to or incurred by the Channel
Partner in connection with or as a result of any claim or proceeding made or
brought against Channel Partner with respect to any allegation that (i) any
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product(s) other than the Products infringes upon any intellectual property right, (ii)
any product(s) other than the Products fails to perform, (iii) the combination of the
Products with any other products infringes upon any intellectual property right; (iv)
relates to Channel Partner’s sales and marketing efforts and activities, or (v) there is
any material breach or default by the Company in the performance of its obligations
under agreements with the Channel Partner, its distributors or End Users.
17. Non-Solicitation
The Company agrees that during the term of this Agreement and for a period of
Three (3) years thereafter, it shall not interfere with the business of the Channel
Partner, by directly or indirectly soliciting, attempting to solicit, inducing, hiring or
otherwise causing any employee or consultant of the Channel Partner to terminate
his or her employment, contractual or other relationship as such in order to become
an employee or consultant to or for the Company or to any other company with
which it is associated in any manner.
For the purpose of this clause, employee or consultant shall mean any person who
is presently employed or was employed by either of the parties in the immediately
preceding 36 Months
18. General
the Company and Channel Partner are independent contractors. No agency or fran-
chisee relationship between Channel Partner and the Company is created by this
Agreement. Neither party shall have any right or authority to act on behalf of the
other or represent that it has such right or authority. For the purposes of customer
service, technical support, and as a means of facilitating interactions, the Channel
Partner may periodically send the Company messages of an informational or adver-
tising nature via email, and provide account information to related third-parties.
Channel Partner may assign this Agreement to another person or entity. Each party
affirmatively represents and warrants to the other that this Agreement has been ac-
cepted by its duly authorized representative.
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19. Notices
20. Jurisdiction
Neither party will be liable for any delay or failure in performance to the extent the
delay or failure is caused by events beyond the party’s reasonable control, including,
fire, flood, acts of God, explosion, war or the engagement of hostilities, strike, em-
bargo, labor dispute, government requirement, civil disturbances, civil or military
authority, disturbances to the Internet, and inability to secure materials or trans-
portation facilities.
22. Warrants
This Agreement constitutes the entire agreement between the parties regarding the
subject matter herein and the parties have not relied on any promise, representa-
tion, or warranty, express or implied, that is not in this Agreement. Any waiver or
modification of this Agreement is only effective if it is in writing and signed by both
parties
All pre-printed or standard terms of any purchase order or other Channel Partner
business processing document have no effect, and the terms and conditions of this
Agreement will prevail over such forms, and any additional, inconsistent, conflicting,
or different terms in such forms will be void and of no force and effect. If any part of
this Agreement is found invalid or unenforceable by a court of competent jurisdic-
tion, the remainder of this Agreement shall be interpreted so as reasonably to affect
the intention of the parties.
The Channel Partner is not obligated under any other agreements unless they are in
writing and signed by an authorized representative of Channel Partner.
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Forceone Cyber Securities & Developers Netsurf Communication Private Limited
LLP
Authorized Signatory
Authorized Signatory
Sanjay Malpani
Mrs. Pramila Santosh Jadhav
In presence of:
Sign : Sign :
Name : Name :
Residing at : Residing at :
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