Welcome to RED TREE PLANET
The following are the terms and conditions for an Independent Business Associate of
of M/s Red tree Tech Pvt. Ltd.
Independent Business Associate" refers to: ________________________________
S/o, W/o_________________________, R/o______________________________
(Hereinafter called as the "Independent Business Associate" which term shall mean
and include their heirs, executors, successors, administrators, legal representatives
and assigns etc., of FIRST PART)
"REDTREEPLANET" is into direct selling of products and services with a website named as www.redtreeplanet.com which is a division of Redtree Tech Pvt ltd. , , Visakhapatnam – 530007, Andhra pradesh. (Hereinafter called the "REDTREEPLANET" which term shall mean and include his heirs, executors, successors, administrators, legal representatives and assigns etc.,of SECOND PART.)
Legalities we understand
REDTREEPLANET, is a division of M/S Redtree Tech Pvt ltd. is a registered company, registered under the company's Act,2013, having understood by both the parties herein on the following legal information
1. It is believed and understood that, the Government of India in its letter vide No.F.No.21/22/2001 Dt. 09/04/2003 & D.No.21/22/2001 Dt. 31/03/2003, categorically stated that "the inapplicability of the provisions of the Prize Chits Money Circulation Schemes (Banning) Act, 1978" to direct/network/ multilevel marketing, Does not come under purview of Police (criminal) action who carries a marketing Business of selling the products/goods similar to REDTREEPLANET.
2. It is also believed and understood that, the Hon'ble Supreme Court of India, in its Judgment reported in 1982 SC 949 & 1988 SC 492, categorically passed a historical verdict, stating that the Police (criminal) action has no consequence on these type of companies, so as also, in an other judgment reported in 2006 Crl.L.J.1961 by the Hon'ble High Court of Patna (Bihar) that, even these type of Companies have only consequence in Civil nature of Litigation. Thus, both the parties herein once again believe and understands to proceed in this Marketing Business, since it does not suffer from any legal complications as indicated Herein above. Hence entered under the following terms & conditions.
3. The associate has to acknowledge that he has to undergo any one course which includes various packages ranging from basic to advanced training courses at various levels related with Capital markets Long term, short term, intraday, Index future & options, stock future & options, currency derivatives and options , bonds, Exchange traded funds, mutual fund investments, sectoral analysis, commodities, forward trading, depository participation, leveraging, margin trading, hedging, technical analysis, understanding the techinicals and fundementals of the Listed companies and so on, hence the member need to affiliate that REDTREEPLANET is an online/offline platform that provides training for the above mentioned And you also need to understand that you are not making any investment, lending to company, making any advance payment, participating in quick rich scheme and also understand that you are not getting associated with a company expecting unforeseen gains, you will be getting incentive on your perfomance and contribution of sales of products and services of redtreeplanet, we have wide range of portfolio includes technology products, educational packages and so on.
Independent Business Associate
1. For becoming the associate of REDTREEPLANET you need to sign up in website and you need to get refered by any Associate of
REDTREEPLANET, all you need to provide is your Adhaar card, pan card, bank details, and latest passport photograph, and you
need to select the Education package wghich will be ranging from INR 10,000/-to Rs 1,00,000/- and the details of the education
packages will be in brief
at URL www.redtreeplanet.com/educationpackages.html
The Independent Business Associate has to borne the GST @18% extra, under the category of specialised educational services with no ITC (Input tax credit).
2. REDTREEPLANET accepts payments against its education packages via payment gateway wherein the member can make payment through Credit /Debit card , NEFT, RTGS, IMPS, wallet and so on the payment gateway provider issues a verfication Payment code immediately to the person who has sent the payment subject realisation electronically, to verification and acknowledgement of the remittance only, subsequently, the online purchase account will be created by name as a Independent Business Associate to the REDTREEPLANET and will get started with thosefacilities and benefits subject to online purchase account has been setup.
2. REDTREEPLANET will only be responsible for sending the payment code to the respective Login ID of the person who remits payment into the company's account and it is soul responsibility of Independent Business Associate to create the online purchase accounts immediately then only REDTREEPLANET recognize the details according to the online purchase account hence REDTREEPLANET will not be liable for any loss of bonus, income or commission due to the late creation of online purchase account.
3.The Associate has to purchase an Educational package to become an Independent Business Associate of REDTREEPLANET, after submission of Company's application, its rules and regulations under terms and conditions duly Signed by the IBA together with this agreement Purchase.
1. REDTREEPLANET acknowledge the payment has been made
Independent Business Associate who's REDTREEPLANET ID :_____________ is against the purchase of our products.
2. REDTREEPLANET will provide a purchase account under the login section of website www.REDTREEPLANET.com and this payment will reflect in terms of products And discount coupon to purchase goods/ products/services.
3. ndependent Business Associate has to take the printout of the agreement from the login section and after signing on all the pages, has to send to the company along with their copy of PAN and address proof to become a verified Independent Business Associate, further understands that verification is must to receive the payout from the company, in case of delay in verification REDTREEPLANET will hold the payout until the verification process is completed.
1. After making the payment the member will be termed as independent Business associate
On non exclusive basis, he Will be getting the receipt, welcome letter and E-books, and Hard copy material like CDs, Books, or so related with Stock market course.
2. The Independent Business Associate need to attend Training sessions Both online/offline,
Which is mandatory according to prescribed courseware which do vary from course to course, and also he will be given a practise account which will be a Mock traing facilitation where they can practise with with virtual capital provided to get hands on exposure towards stock market and also the Member will be awarded the ranking on his perfomance, the exact idea of making the member thorough through the Mock sessions is to make him understand the market and do understand many things like volatility, exposure, bull and bear phase, profit bookings , shorts and longs and many things.
3. Independent Business Associate can promote the products/Services of Redtree tech
and you will be entitled to earn Incentive and this income will computed on monthly basis and will be paid to bank account directly after deducting the TDS, The proeducts promoted by Redtree tech will attract GST on its full price and there is no necessity for paying the GST by Independent Business Associate again and the ITC cannot be claimed by the Customer or Independent Business Associate, because Independent Business Associate has to sell the products/Services to the end user/Customer directly, there is no facilitation for RCM(Reverse charge mechanism) under any manner because the products/Services will be fully paid by Redtree tech,
4. The Independent Business Associate will be getting the previlage of Stocks into his Demat account basing on the sales contribution of the products/services of Redtree Tech as final incentive at the end of stipulated period ranging from 9 months to 12 months ,Every Independent Business Associate gets the benefit of Stocks listed in capital markets into his Demat account which offers you the opportunity to hold the stocks, This offers Independent Business Associate the chance to receive valuable capital to make the purchase and hold the shares till such time that he sells them to make a profit. The Independent Business Associate thus holds equity in the company which he may sell in the future to create wealth. It is an invaluable option that comes into effect when the Independent Business Associate faces a shortfall in funds it quickly makes money available to purchase a any company shares by liquidating the stock offered by redtree tech and buy any stock according to his will and wish and also Independent Business Associate can liquidate the fullest and encash the entire protfolio. The Stocks enables the Independent Business Associate to exercise the liquidation within the open market, while Redtreeplanet facilitates the process of demat, bank paperwork and share transfer, There is no preset limit for locking the shares in the Independent Business Associate Demat account.
5. Independent Business Associate will get Commission according to our compensation
Plan as mentioned in our website www.redtreeplanet.com/compensationplan.html
6. This agreement stands good for life time like no renewal and no yearly charges etc has to be paid by the Independent Business Associate.
1. Independent Business Associate agrees that the REDTREEPLANET Independent Business Associate is an independent contractor, and not an employee, agent, partner, legal representative, or franchise of REDTREEPLANET Independent Business Associate further agrees not to incur any debt, expense, obligation on behalf of, for, or in the name of REDTREEPLANET.
2. Independent Business Associate must be of above 18 years old on the date of agreement.
3. Management reserves right to accept or rejects/cancels the Independent Business Associate ship whenever it feels reasonable.
4. The Independent Business Associate will not be permitted to have only one ID Per individual.
5. Independent Business Associate agrees to present REDTREEPLANET business plan and REDTREEPLANET products and services as set forth at the official REDTREEPLANET website. Independent Business Associate will make no claims regarding potential income, earnings, products or services beyond what is stated at the official REDTREEPLANET website. Independent Business Associate further agrees not to reproduce commission checks or distribute commission checks in any form or by any means.
6. Independent Business Associate agrees not to disparage REDTREEPLANET, other REDTREEPLANET Independent Business Associates, REDTREEPLANET products,
REDTREEPLANET Business Plan, REDTREEPLANET employees or REDTREEPLANET Independent contractors. Independent Business Associate understands that disparagement may result in the immediate suspension or termination of Independent Business Associate's purchase account with a cancellation of any pending commissions.
7. Independent Business Associate understands that the information given on the
website www.redtreeplanet.com is the latest and it will be only applicable regarding our plan, products and services. Independent Business Associate further understands that any printed material regarding our plan, product and services which is available in the market may have been outdated, so please visit our website frequently for latest updates regarding our plan, products and services.
8. Independent Business Associate agrees to not utilize SPAM in promoting REDTREEPLANET. This action may result in the immediate suspension or termination of Distribution account with a cancellation of any pending commissions. Independent Business
Associate will also be in violation of the REDTREEPLANET Distribution Agreement and subject to legal action and be held liable for any financial loss incurred by REDTREEPLANET. Any service interruptions to REDTREEPLANET as a result of Independent Business Associates spamming will be billed to Independent Business Associate at Rs. 5000 per hour until service is restored. For the purpose of this agreement SPAM is defined as emailing ANYONE, in bulk or by single mailing, about REDTREEPLANET, who has not specifically requested the information directly from Independent Business Associate. The ONLY exceptions to this are: Mailing to APPROPRIATE OPT-IN mailing lists where the sources do the mailing on Independent Business Associate's behalf AND you do not advertise an REDTREEPLANET – provided Gateway URL. However, use extreme caution when choosing an opt-in mailing list company. Using anything but the most reputable sources could generate spam complaints against Independent Business Associate resulting in suspension or termination. You may include information on REDTREEPLANET in email Acknowledge Messages for orders and inquiries that you receive so long as it is stated upfront that you will be sending them an acknowledge. REDTREEPLANET also considers any Type of advertisement about REDTREEPLANET posted to a Newsgroup or Chat Room to be spam. Violators may be fined at Rs. 2500 per incident.
9. Independent Business Associate agrees to provide REDTREEPLANET with valid email address, Adhaar card, postal address, and copy of PAN card and address proof upon Registration. Independent Business Associate understands that the use of an Auto-Responder email address is prohibited.
10. All payments will be made in Rupees. Independent Business Associate commissions shall normally be paid by ECS/Account transfer/Demand Draft or Cheques and sent out daily/monthly. If a sale is cancelled or refundable, the related commission will be deducted from a subsequent payment. Payment will be made after the deduction of TDS according to Indian law. Payout will be sent through ECS to the Bank details provided by the Independent Business Associate. Independent Business Associate is requested to update the Bank Account and Bank Code. Providing the Wrong bank account may cause delay of payout and REDTREEPLANET will not be responsible for the same. Any penalty or fine or charges levied by the bank shall be born by the Independent Business Associate due to insufficient/ inaccurate information given by the Independent Business Associate.
11. Independent Business Associate agrees to receive REDTREEPLANET email,and restricted to sales reports, training, newsletters, plus messages.
12. REDTREEPLANET will make every reasonable effort to track and pay commissions for all sales that apply to Independent Business Associate. However, REDTREEPLANET is not responsible for technical problems, acts by third parties, or other events outside our reasonable control which may temporarily disrupt or diminish this service Independent Business Associate understand that Independent Business Associate tracking can never be 100% accurate and REDTREEPLANET is not responsible for inaccuracies that might occur beyond its control. Tracking of Independent Business Associate sales depend on several factors, technical and otherwise, which are out of the control of REDTREEPLANET. It is the goal of REDTREEPLANET to make Independent Business Associate tracking as accurate as Possible, however, REDTREEPLANET cannot guarantee 100% tracking for situations beyond its control.
13. To protect REDTREEPLANET customer privacy, if deemed necessary, REDTREEPLANET reserves the right to withhold identifying customer contact information from Independent Business Associate.
14. REDTREEPLANET reserves all rights in or to its trademarks and services marks but may be used by Independent Business Associate in accordance with this agreement. Independent Business Associate may in no way display REDTREEPLANET logo, image or trademark that may be distasteful, misrepresented or subjecting to deterioration.
15. Independent Business Associate shall follow REDTREEPLANET advertising guidelines and agrees not to misrepresent REDTREEPLANET products and services. Independent Business Associate agrees to use only REDTREEPLANET – Approved ads. You may submit your own ads for REDTREEPLANET approval. They must be approved however before you can publish them.
16. Independent Business Associate may not assign rights or delegate duties underthis Agreement without the prior written consent of REDTREEPLANET. Upon request REDTREEPLANET will provide Independent Business Associate with guidelines for the sale, transfer or assignment of Independent Business Associate with guidelines for the sale, transfer or assignment of Independent Business Associate REDTREEPLANET business.
17. REDTREEPLANET shall not be held liable for any indirect, incidental, specialor consequential damages or any loss of revenue or profits arising under or with respect to this Agreement or program, even if REDTREEPLANET has been advised of the possibility of such damages. REDTREEPLANET aggregates liability arising under or with respect to this agreement or the program shall in no event exceed the total commission paid or payable by REDTREEPLANET under this agreement.
18. REDTREEPLANET reserves the right to amend, modify, and terminate this agreement at any point of time with out any notice. The Term of this Agreement shall stand good for lifetime from the date of execution of this agreement and shall automatically be renewed after every year without further consents of parties unless either party has terminated this Agreement by written notice to the other. If terminated, outstanding commissions at time of termination shall be paid in the next payment so long as the Independent Business Associate did not violate the terms of this agreement. Payment of the final commission to the Independent Business Associate may be with held for a reasonable time in order to ensure that the correct amount is paid.
19. No Refund Policy: The purchase amount paid towards goods/products/services offered shall not be refunded under any circumstances and Independent Business Associate can take back his/her 100% goods/products/services if the purchase coupon has not been redeemed and has not violated any clauses mentioned in thisagreement.
20.Jurisdiction: In the event of any dispute arising between the Independent Business
Associate and REDTREEPLANET relating to any matter connected with this agreement or with regard to appointment as an independent Business Associate of REDTREEPLANET or the subject thereof or in relation thereto and whether as to construction or otherwise, the same shall be referred for Arbitration and Conciliation Act, 1996. The company shall appoint a Sole & an Independent Arbitrator whenever any such dispute arises. The award made by the Sole Arbitrator shall be final and binding on both the Independent Business Associate and REDTREEPLANET. The jurisdiction for the purpose of any litigation shall be the Jurisdiction of Visakhapatnam, Andhra pradesh state Courts only. Both the parties herein consents with each other, agrees the above terms & conditions under this agreement by enjoying sound health without any compulsion and under no duress, entered also within the meaning and ambit of Cyber Laws of the Information & Technology Act, 2001 or any other laws of this land made on the ____ Day of _____ in year ______.