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Commission shall be paid as per the applicable rules framed by the company.
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Commission shall be payable strictly upon the successful conclusion of the transaction, and after the execution/registration of the sale deed.The brokerage shall be calculated at 2% of the unit's Basic Sale Value, excluding all taxes, charges, and statutory levies, and infrastructure charges dues.
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The Company shall extend lead protection strictly in accordance with its prevailing policies. Lead protection terms may vary from project to project and are subject to revision without prior notice. For any specific project, the Channel Partner is required to confirm the applicable lead protection policy directly with the respective site sales team.
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The Company's determination with respect to the validity, ownership, or registration status of a lead shall be final and binding, and shall not be subject to challenge.
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The Channel Partner will raise the invoice once 20% payment has been collected and registration is completed. Payment will be cleared within 30–45 days from the date the invoice is raised.
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All commission payments shall be made in Indian currency after deduction of applicable taxes and subject to applicable policies and regulations.
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No commission shall be payable for bookings involving any owner/partner/director of the Channel Partner and/or his/her immediate family member (parents, parents-in-law, spouse, children, grandparents, sibling, grandchildren & brother's wife and/or firms/companies controlled by such individuals).
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In the event that the booking is cancelled/terminated, Channel Partner confirms that he/she/they shall refund all monies paid by the company as commission within 30 days of the company raising a demand for such refund. If such amount is not refunded, the Company shall be entitled to pursue all remedies available in law for recovery of such moneys and the said moneys shall act as a secured debt on the Channel Partner.The Company shall be entitled to adjust such refund amount against the subsequent bookings.
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In case of any dispute in relation to the source of the booking, the Channel Partner confirms that the decision of the Company shall be binding and he/she/they shall not raise any dispute in this regard.
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The Channel Partner confirms that he/she/they have no authority to accept any payment or issue any receipt on behalf of the Company.The Company shall not be responsible for any payment(s) till such time that receipt for the said payment is issued by the Company.
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The Channel Partner confirms that he/she/they are not authorized to issue any statement or make any written communication in relation to the Company and/or its Project.All bookings shall solely be governed by the terms of theApplication Form and/or Agreement signed between the Company and the Customer.
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The Channel Partner confirms that he/she/they will not represent themselves as being part of the Company or as being employed by the Company.
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The Channel Partner confirms that the Company has considered his/her/their application for being enrolled as SQUAREAChannel Partneron the basis of the application made by the Channel Partner and the documents provided by them.The Channel Partner confirmsthat the Company shall be entitled to verify the said declaration & documents, directly or through any 3rd party and also carry outbackground verification of the Channel Partner. Further, the Channel Partner confirms that the enrollment as SQUAREA ChannelPartner is subject to the Channel Partners compliance with all laws and regulations; and in the event that the Channel Partnertransgresses any law or regulation, enrolment with the company shall automatically end.
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The Channel Partner is aware that the enrolment as SQUAREA Channel Partner is only for a period of 12 months from the date of Company accepting this application in writing.Any renewal shall be subject to the Company confirming the same in writing and the Channel Partner having done business of at least 1 (one) unit in the last 12 months before renewal.
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Any incentive scheme, commission variation, or promotional offer shall be solely at the discretion of the Company, project-specific, and shall be effective only upon formal written confirmation. No verbal assurances or past practices shall be construed as binding.
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SQUAREA holds the right to suspend or terminate the registration of any Channel Partner, at its discretion, in the event of a material breach of thisAgreement or if any activity is found to be fraudulent, unethical, unlawful, or otherwise harmful to SQUAREA's interests, operations, or reputation. While we strive to maintain open communication and provide support, such action may be taken without prior notice, if deemed necessary. SquAREA SHall not be held liable for any loss or claims resulting from such termination.
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We encourage our Channel Partners to actively promote their association with SQUAREA. However, to maintain consistency and brand integrity, we kindly request that any marketing, promotional, or creative materials referencing SQUAREA be shared with us for prior written approval. Once the necessary approval is obtained, you are most welcome to proceed with distribution. This simple step helps ensure alignment with our brand standards and strengthens the impact of your outreach efforts.
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The Company is authorized to make any changes to theTerms & Conditions of this application as it may deem fit and the Channel Partner confirms that all such changes shall be binding on him/her/they.
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The relationship between the Company and the Channel Partner shall be governed by the laws of India.The Courts of Pune/ Maharashtra shall have exclusive jurisdiction.