Terms and Conditions

It is noted that Namaste Team is the Owner and Principal of the IP, Platforms, Software and Accounting systems and operate the brand and product as: “Namaste Team Affiliate Portfolio”

 

Authorised recipient: Namaste Team

 

- Hereinafter referred to as “Namaste Team” as applicable

 

and

 

The Affiliate

 

Together with Namaste Team, jointly referred to as “Contracting parties” – the following agreement is made:

 

1      Subject matter of the agreement, compensation plan

 

1.     Namaste Team mainly sells and develops online Progressive Web Apps programs and other products, such as Ai Chabot’s as well as, merchandise articles in form of insta360 cameras, tripods and accessories among other things. (Hereinafter briefly referred to as: Namaste Team contract products). The qualified Affiliate shall have the right to recommend Namaste Team contract products as an independent, free and autonomous recommender for Namaste Team in accordance with the Affiliate’s respective national laws and the following provisions.

 

2.     This agreement regulates the fundamental cooperation between the contracting parties. Incorporated with this agreement by reference, enclosure, link, back office download, and the current applicable marketing plan of Namaste Team, which contains the compensation guidelines for Affiliates. The current marketing plan is linked as “Compensation Plan”. Corporate reserves the right to alter the Compensation plan from time to time as well as adjust pricing and have a varied price structure per Territory based on economic circumstances of such Territory.

3.     The Affiliate confirms that it has thoroughly checked, understood and accepted the currently applicable compensation plan. It explicitly declares that it acknowledges and approves this enclosure fully and completely.

 

4.     Any deviation, contradictory, or supplementary changes coming from the Affiliate or from third parties shall become a part of the agreement only if and insofar as Namaste Team has consented to their validity explicitly and in writing.

 

5.     This agreement transfers to the Affiliate only the limited right to use all product, trademark and industrial property rights for as long as the hosting fee is paid and up to date. The Affiliate may not use or copy these rights at any time for its own account without consulting the rights holders. This also includes corresponding advertising material and product statements.

 

2     Contractual prerequisites and relationship of the contracting parties with each other

 

1.     The Affiliate declares and assures that it fulfils all legal prerequisites and official conditions in order to commercially recommend Namaste Team in its respective country and to recommend Namaste Team products to potential Customers and Affiliates.

 

a.   Where required by law, the Affiliate must independently register its trade with the competent authorities and institutions – even with its locally competent tax office;

 

b.   The Affiliate shall be responsible for the fulfilment of all legal requirements including but not limited to: trade-law-related, tax-related, labour-law-related, competition- law-related and other legal obligations in their territory if applicable.

 

c.    The Affiliate must properly declare compensation received for referrals to the appropriate tax authorities and pay tax on the same.

If the Affiliate has not fulfilled the stated prerequisites, it may be limited by its activity. It is not Namaste Team’ s responsibility to verify the information. The affiliate keeps Namaste Team free from all possible legal consequences of false statements.

 

2.     The Affiliate shall not have an employment relationship with Namaste Team under any labour law or jurisdiction. The Affiliate shall particularly determine the place, time, commencement and end as well as the type of its activity by itself; it shall itself bear the entrepreneurial commission risk and shall also not be entitled to remuneration during holidays or illness. The Affiliate shall be an independent contractor and must apply the diligence of a prudent businessman in its business. The Affiliate must follow their national laws as well as the applicable European Union Law regarding fair competition, the company’s internal statutes and guidelines as well as Namaste Team’ s directives for business transactions. It must always ensure that its behaviour does not violate laws, regulations or official instructions. The Affiliate must follow Namaste Team compliance guidelines and instructions for the proper representation of Namaste Team products and will promote the Affiliate program and Compensation plan. An Affiliate may be employed by or otherwise be associated with Fineline Print & Media as they act as and are mandated with the global rollout of the Namaste Team by exclusive appointment via the Affiliate Program.

 

3.     The Affiliate declares that, in addition to the Affiliate activity for Namaste Team, it works for third parties to a considerable extent. If the Affiliate is working or would work exclusively or primarily only for Namaste Team, it shall be obligated to immediately notify Namaste Team and if necessary, make applications for an exemption from the obligation to contribute to social security with the competent institutions. If an exemption is not possible, the Affiliate must immediately notify Namaste Team. If it fails to do so, Namaste Team shall be authorised to recover any costs or liabilities for social security contributions from the Affiliate to the extent they are payable. This provision shall otherwise survive the termination of this agreement. In any case, the Affiliate will hold Namaste Team harmless in any form, in any jurisdiction and in any situation from possible claims for damages. Fineline Print & Media as marketing partner is expressly exempt from clause 2.3 as the finances of the organisation are managed solely by Namaste Team.

 

4.     The Affiliate shall not be authorised to represent Namaste Team in legal or contractual transactions, particularly to make any declarations for Namaste Team at any time. Any declaration shall and will not bind Namaste Team or its marketing partner Fineline Print & Media, but the Affiliate itself that shall be solely responsible for any claims against Namaste Team. The Affiliate shall not have the power to represent Namaste Team. He does not have a power of attorney or any comparable legal means. It itself shall be liable for its declarations and must, if necessary, indemnify Namaste Team from all consequences of unauthorised declarations. Other entitlements and rights of Namaste Team shall remain unaffected.

 

5.     Specifically, the Affiliate shall not be authorised to accept payments on behalf of Namaste Team. Customers cannot pay the Affiliate for products and services of Namaste Team directly. The Affiliate shall not have collection or payee authority for Namaste Team, with the sole exception of the Administrator of the marketing partner during the pre-launch. Once the platform is live all payments must be processed via the Namaste Team Affiliate Portfolio back office payment gateway and via the Namaste Team Bank account.

 

3     Tasks and duties of the Affiliate

1.     The Affiliate has a duty to protect Namaste Team’s interests in all manners and to undertake that Namaste Team’s reputation is not damaged by its actions.

 

2.     The Affiliate shall have the task of recommending Namaste Team’s products released by Namaste Team to customers. While doing so, it must inform the customers about the Namaste Team products truthfully and professionally. Upon the successful conclusion of a purchase contract personally recommended by the Affiliate, it shall be entitled to compensation in accordance with this Affiliate Agreement, the Compensation Plan and rank dependant.

 

3.     The Affiliate shall further be obligated to recommend other customers and Affiliates (downline-affiliates). If these down-line-affiliates successfully recommend Namaste Team products resulting in the sale of Namaste Team products by Namaste Team, the Affiliate and the down-line-affiliate shall both receive compensation in accordance with this Affiliate Agreement and the current Compensation Plan.

 

4.     The Affiliate may only recommend the sale of Namaste Team products which are released for sale in writing by Namaste Team and available in accordance with the laws and other legal provisions of the Affiliates’ respective country. All such products will be exclusively available in the Namaste Team Affiliate Portfolio e-Commerce store.

 

5.     The Affiliate shall not have any territorial protection. The Affiliate shall however be prohibited to headhunt customers or affiliates of Namaste Team for third parties, particularly for other affiliate marketing systems, or to induce directly, or indirectly, other affiliates to abandon, neglect, sell, or trade their existing account. The Affiliate shall further be prohibited from headhunting customers, affiliates, or down-line-affiliates of other affiliates of Namaste Team, which have an active account with Namaste Team, for itself or for third parties (so-called cross recruiting). “Active account” within this meaning refers to an account, for which documents have already been uploaded and/or through which at least one purchase of Namaste Team products has taken place via the Marketing Platform. A new Customer or Affiliate has the right to choose their own sponsor regardless who marketed the product to them until they are locked into the linage, thereafter absolutely no moving or changing of sponsor will be entertained. If the New Affiliate uses incorrect sponsor details it cannot and will not be remedied afterwards. If a New Customer or Affiliate signs up directly from a link or and embedded Affiliate sponsor such new affiliate/customer will be credited to the Affiliate link used.

 

6.     The Affiliate shall be authorized to take advertising measures in the fair promotion of Namaste Team and Namaste Team products; the Affiliate must have prior approval by Namaste Team of any external presentation or promotion which concerns Namaste Team or uses any copyright or trademarks.

 

7.     The Affiliate must regularly participate in Webinars of Namaste Team and forward the knowledge obtained there to its down-line-affiliates.

 

8.     The Affiliate must constantly keep itself and the downstream recommendation partners supervised by it (down-line-affiliates) informed about the current Namaste Team products in the log-in of the Namaste Team Affiliate Portfolio back office, the recommendation system and all the data and facts that are important for Customers and/or Affiliates.

 

9.     The Affiliate shall not be authorized to assign its claims against Namaste Team to third parties at any time. Set-off with counterclaims of the Affiliate, or retention of payments due to such claims, shall be permissible only if and as far as the counterclaims are undisputed, legally determined valid, or recognized by the company.

 

10.  The Affiliate is entitled, and obliged, to have one Affiliate account during the agreement period. If the Affiliate operates more than one Affiliate account, then Namaste Team is entitled to terminate those accounts and the Affiliate will forfeit financially as it is expressly implied that one account per ID/Passport or Company Registration number is permitted. Any other rights of Namaste Team remain unaffected.

 

11.  The Affiliate guarantees that any form of advertising do not and will not violate laws, regulations, statutes or other legal or contractual provisions and do not infringe rights of third parties. It further guarantees that it shall not use any illegal marketing strategies or marketing strategies that violate this agreement.

 

12.  The Affiliate shall indemnify Namaste Team from all claims of third parties, which are based on illegal behaviour, on behaviour that violates this agreement, or on behaviour that otherwise infringes on the rights of third parties. This shall also refer to the costs of appropriate prosecution and legal defence.

 

13.  The Affiliate shall be authorized to deploy its own employees, sub-agents and other auxiliary persons for its activity. The Affiliate must ensure that these persons also adhere to the duties of this Affiliate Agreement.

 

4    Advertising guidelines

1.     As advertising materials, the Affiliate may exclusively use the original advertising materials provided to it by Namaste Team. The use of altered and modified advertising materials shall not be permitted at any time.

 

2.     The Affiliate shall be responsible for the placement of the advertising materials. It shall also bear the costs associated with the implementation or placement and delivery of the advertising materials.

 

3.     Advertisement on websites, which could damage Namaste Team’s reputation, shall be prohibited. This includes, particularly but not exclusively, websites with illegal content, websites with pornographic or violence glorifying content, websites discriminating against race, gender, religion, nationality, disability, sexual orientation or age, as well as websites promoting illegal acts or websites violating intellectual property.

 

4.     The Affiliate must adhere to the terms of use of the websites, which it selects as advertising spaces.

 

5.     The Affiliate must design on its own advertising spaces in accordance with the provisions of the Tele media Act, consumer protection and data protection, particularly provide proper contact information. It must immediately remove illegal contents or contents violating rights of third parties and take suitable measures in order to not repeat such violations.

 

6.     The Affiliate must ensure that the advertising materials are flawlessly integrated and delivered.

 

7.     Namaste Team shall any time be authorized to re-design the advertising materials or replace them with new advertising materials. The Affiliate must ensure that it always uses the latest advertising materials.

 

8.     The Affiliate must refrain from impermissible forms of Internet marketing, particularly (but not exclusively):

 

a.     improper use of cookies, especially cookie-dropping;

b.     sending advertising e-mails to recipients, who have not explicitly consented to the receipt of such e-mails including the advertisement contained therein;

c.      violation of terms of use and applicable guidelines of search engines;

d.     maintaining websites, which can result in a risk of confusion with the web presence of Namaste Team.

 

9.     The Affiliate shall be prohibited from executing the following advertising measures without explicit prior written consent and approval of Namaste Team:

 

a.     promising or distributing rewards to users for the interaction with the advertising materials (“incentivised traffic”);

b.     any form of Search Engine Marketing;

c.      use, registration or purchase of domains, which are similar to the name of Namaste Team, i.e. typo squatting (use of so-called typing mistake domains).

5    Confidentiality

1.     The Affiliate shall be obligated for confidentiality regarding all the internal knowledge about the business model, corporate policy and operating procedures of Namaste Team as well as for extensive customer and resource protection. Violation of its confidentiality obligation shall not only make the Affiliate liable for compensation, but possibly also liable to prosecution.

 

2.     The duties of the Affiliate described in 5.1 shall remain applicable without any restrictions even after the end of this agreement, unless there is a separate written agreement supplemental to this agreement. If this agreement ends or if the Affiliate no longer requires documents of any type from this business relationship, it may not use these materials further. This shall mainly be applicable for brochures, pre-printed forms and training documents. A right of retention of the Affiliate – for any reason whatsoever – is ruled out.

 

6    Remuneration & Cancellation

1.     Remuneration claims of the Affiliate are regulated in the Compensation plan within the remuneration guidelines. The Affiliate shall not have any payment claims against the customer and may not demand any remuneration from the customer. It is expressly noted that Namaste Team reserves the right to amend the Compensation plan from time to time. Adhoc incentives will be introduced and communicated to all Affiliates on an as and when basis. Namaste Team are not in any way obliged to offer incentives and will do so as part of the Marketing Plan.

 

2.     The Affiliate shall be entitled to remuneration only after the receipt of the customer’s payment by Namaste Team and according to the amount actually received by Namaste Team. Every remuneration payment to the Affiliate shall be subject to the condition that the customer makes an unconditional payment to Namaste Team for the respective products ordered by it and the Affiliate has not violated any regulation of this agreement. This agreement makes provision for Namaste Team to discount products by special arrangement to Customers on an application basis, such discount will have a material effect on direct and upline commission. All remuneration is based on a percentile value of actual income and not the listed price of products.

 

3.     In case of a so-called charge-back or a comparable return debit (e.g. in case of credit card payments) of payments already made to Namaste Team, Namaste Team shall be authorized to offset the commissions already paid to the Affiliate for such cases with future commission payments or distributions. The same shall be applicable in case of criminally relevant acts by the Affiliate or by the customer (for instance but not exclusively: in case of submission of forged documents, in case of use of stolen or otherwise abstracted credit cards). Further claims of Namaste Team shall remain unaffected by this.

 

4.   In order to receive your commissions, two things need to be in place:

      * Approved KYC.

      * Your monthly or yearly subscription needs to be paid up to date.

 

5.  Please Note that Namaste Team Portfolio (Customer), and Namaste Team Affiliate Portfolio (Re seller) can only be paid in two ways.  A) Monthly (means payment is taken every month until cancelled), and B) Yearly (means payment is taken every year until cancelled)

 

6. With regards to cancellations: All subscriptions can be cancelled at any time. Cancellations must be in writing, and must be before your subscription date.

7. Namaste Team does not offer refunds if your subscription renews without a cancellation.

 

 

7    Statements

1.     The Affiliate can check the statements online using its personal account login. Objections to a statement must be raised within 10 business days. After this, the statement shall be deemed acknowledged. If the Affiliate is hindered from raising objections by force majeure, the term shall be extended by 10 more business days from the elimination of the hindering reason.

 

2.     Remuneration payments to the Affiliate shall take place exclusively through a debit card issued by Namaste Team to the Affiliate. As soon as the Affiliate has acquired a commission entitlement of at least $ 50.00, Namaste Team shall provide it with a reloadable debit card. The costs for the issue of the debit card in the amount of $ 10.00 or varied from time to time accordingly and shall be borne by the Affiliate or shall be deducted from the remuneration payment. Namaste Team reserves the right to change their method of payment from time to time and also the frequency of such pay-outs. Cost of withdrawal shall be for the Affiliates account but may be partially absorbed by Namaste Team at their sole discretion.

 

8    Personal tax / Value added tax

For remunerations pursuant to 6 of the Affiliate Agreement, the following shall be applicable with regard to personal tax / value added tax (VAT):

Remuneration in the form of commissions are paid to the Affiliates without deduction for Tax. It is the responsibility of each Affiliate to collate, record and report on earning to their local authority for Tax purposes.

All products and services offered by Namaste Team are Vatable at the applicable rate of the Country of registration. All prices shown are indicated as Exclusive of Vat and the applicable rate will be charged over and above the listed price.

All conditions and specifications of the competent tax authority in the respective country must be clarified by the Affiliate and provided to Namaste Team along with Namaste Team’ possible obligations to cooperate. The marketing Partner Fineline Print & Media is not involved in the Vat requirements as it operates from a different territory.

 

9    Duties of Namaste Team

1.     Namaste Team maintains a website that serves for general information and is continuously updated. The Affiliate can get all the required information and forms through the links provided there.<