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User agreement

Wall Marketings', hereinafter 'Agent,' in the name of its Director, considers itself to be bound by this Partnership Agreement if the aforesaid agreement has been duly ratified by a physical person or by a legal entity; hereinafter 'Partner.'

Mutual Business
The Partner and the Agent hereby agree to develop joint business in the field of Information Technology and other computerrelated technologies, particularly in the following areas:

  • Offering of services in the field of electronic commerce via the Internet;
  • Offering of other services, and manufacturing of goods, which is not contrary to current laws and regulations.

Agent's Rights and Obligations
The Agent undertakes the obligations in regards to distribution, sales, and marketing of services and goods, which will be produced and provided jointly. In addition, the Agent undertakes the obligation, when necessary, to negotiate with clients, to bill the clients, and to invoice payments.

The Agent shall be responsible for purchasing of the materials, necessary for work; for payment for services; for entering into contracts with suppliers; and for monitoring the payment process.

The Agent under this Agreement, shall not participate in manufacturing of goods and in direct offering of services. Additionally, the Agent shall not be liable to contractors and partners for the quality of work performed by the Partner, as well as for complying deadlines and for the conformity of goods and services.

The Agent has the right to transfer a part of his obligations to third parties without the approval of the Partner, on a condition that the third parties will comply with the terms of the present Agreement. The Agent has the right to use services of banks, insurance companies, investment funds, and other financial organizations in connection with performing its duties under the Present Agreement.

Rights and Obligations of the Partner
The Partner undertakes the obligation to produce goods and offer services. Furthermore, warranty servicing is a responsibility of the Partner. The Partner undertakes to comply with the rules of business ethics and to complete all tasks and service-requests at a highly professional level.

The Partner has the right to transfer a part of its obligations to third parties without the approval of the Agent, on a condition that the third parties will comply with the terms of the present Agreement.

The Partner undertakes to comply with the rules of business ethics, to complete tasks on time, to ensure proper quality and conformity of supplied goods and services. The partner undertakes to personally fulfill all reclamations of clients and contractors.

Financial Transactions Between Parties
Whereas the Agent simultaneously has several similar Partnership Agreements; the Agent has created an electronic Internet System for monitoring all tasks and operations performed by the Agent under the present Agreement.

Access to the system is provided through the website www.p8q.net using a unique login and password, which are assigned to the Partner after the present Agreement is executed.

Profits from each line of business activities shall be distributed in accordance with further agreements. Standard terms and prices for Agent's work are also available through the Internet system.

Expense reimbursements and billing invoices shall be paid at the request of the Partner within two banking days.

In the event of termination of the present Agreement for any reason, each Party is obligated to satisfy all outstanding debts to the other Party within 10 business days.

Local Taxes
Partners agree to comply with local legislation and to pay local taxes in accordance with local tax laws.

The Agent is not liable for any violations by the Partner of local or any other tax law; similarly, the Partner is not liable for the violations of tax laws by the Agent.

Limitations and Intellectual Property Rights
Services, under this Agreement, cannot consist of services and goods, whose use is contrary to international and / or local legislation; including, but not limited to: weapons; narcotics and pharmaceutical products; illegal pornographic materials; photo and video materials depicting violence; internet traffic, which consists of unsolicited mailing (SPAM); materials inspiring terrorism, racism, nazism, and violence.

If the Agent learns that the Partner is providing services or producing goods, which violate the present Agreement, the Agent reserves the right to immediately terminate the present Agreement, and to immediately undertake measures to prevent such actions by the Partner, including reporting to government and law-enforcement authorities.

Intellectual property rights for materials and products, used under this Agreement, belong to their rightful owners.

The Agent is not liable for possible violations of copyright laws by the Partner; however, the Agent undertakes to use best efforts to prevent such violations.

The Parties undertake to maintain confidentiality of trade secrets, and not to disclose information, which became known to them in the course of business under the present Agreement, without the written permission of the other Party.

Terms
The Agreement shall enter into force once it is signed and stay in effect for one year. If neither Party expresses the desire to terminate the Agreement at least 30 days before its term

Force Majeure
Partners shall not be liable for a partial or complete non-compliance with the obligations under the present Agreement, which occurred due to acts of force majeure, including but not limited to: natural forces, wars and military actions, strikes, civil unrest and disorder, acts of the government and governmental agencies, which make it impossible to comply with obligations under the present Agreement.

Miscellaneous
Once this Agreement is signed, all prior communications and correspondence, related to the Agreement, shall be deemed without force.

The Section headings contained in this Agreement are for reference only and shall not affect the meaning or interpretation of this Agreement.

This Agreement may be executed in counterparts, each of which shall constitute an original and all of which together shall be deemed to be one and the same instrument.

The present Agreement is composed in English. There are 2 copies of this Agreement, one for each Partner. The text of this Agreement may be found on the Internet system of the Agent.

 

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