Angel Solution

Terms and Conditions

 1. Term of Agreement

The Company appoints the “Business Associate” for the term of one year from the date hereof for the procurement of new business and the Business Associate shall book/business for/and in accordance with the terms and conditions stipulated by the company from time to time. The term of agreement can be renewed annually on fulfilling terms and conditions of company.

2. Business Associates to serve faithfully and devote full time

During the term of this agreement, the Business Associate shall serve the company faithfully, diligently and according to best of his/her abilities in all respects and shall at all time obey the directions given to him by the Company. Further, during the term of this agreement, he/she shall devote the whole of his time, attentions and energies to the performance of the duties as a Business Associate of the Company.

 3. Business Associate’s Covenants

(I) Business Associate shall devote whole time and energy to the business of the company and shall carry it earnestly and honestly.

(II) That Business Associate is authorized to recruit honest and sincere persons to work under his Unit as sub Business Associate on such rate of booking expense/commission as may be approved by the company from time to time. The appointment of such sub Business Associate will be issued on Business Associate’s recommendation and their booking commission will be paid: Business Associate will get the over riding booking expense/commission only. Business Associate will, however, be responsible for their conduct. Business Associate will be liable to any money misappropriated, by fraud and dishonesty by them and company will have right appropriate that amount from his incentive and other dues. Business Associate, while recruiting should ensure that the new agent is not associated with any anti law activities.

(III) The Business Associate shall stand automatically terminated if the Business associate accept the Business of other company/concern/organization/firm (whether intentionally or unintentionally) carrying on the competitive business.

(IV) That the remuneration i.e. Business booking expense/commission/over riding booking expense/commission, prize and incentive etc, include all expenses, such as traveling, postage, stationery, entertainment etc. No separate allowance reimbursement is payable to agent for any such expenses expect the commission as stipulated above.

(V) The discretion in the matter of appointment, promotion, retention and dispensing with the service of any matter of field force under Business Associate will rest entirely with the Company and decision of management shall be final and binding upon Business Associate.

(VI) The Company shall have the first lien over business associate’s incentive/or other dues for business associates indebtedness or indebtedness of any of business associate’s sub workers. The Company shall have authority to apply and appropriate business associate’s dues directly towards the liquidation of such debts.

(VII) Business Associate shall not pledge the credit of the company or shall enter into any contract of any kind for and on behalf of the Company unless a specific written permission to that effect has been obtained from the Company Authority. Business Associate shall maintain full secrecy about the business and the affairs of company.

(VIII) The person should be minimum 18 years old while applying for Business Associate Code of the Company.

(IX) The books of account of the Company shall be conclusive evidence of the business of dealing and accounts between Business Associates and the Company. All accounts are to be rendered at the Corporate Office and all disputes, if any, shall be subject to Mandi, Himachal Pradesh, Indiajurisdiction only.

(X) Business Associate shall comply with the circulars, instruction(s) and order issued by the Company from time to time. In the case of difference in the interpretation of the clause(s) of this appointment or in any other matter the decision shall be final and binding.

(XI) That Business Associate shall see that the work of existing Business associates and field officers of the Company in particular Area is not disturbed in any way by Business Associate himself/herself or his/her under worker(s).

(XII) That this appointment shall be automatically cease in case of fraud, dishonesty, misappropriation, misconduct or misdemeanor and he/she shall also forfeit all claims against the Company without prejudice to the Company’s legal rights. This Contract may be terminated by either side by giving no legal notice. This contract also terminated automatically, if he/she fails to place at least 10%/15%,20% as per level, of the current annual business targets as fixed by the Company.

(XIII) That Business Associate will provide necessary service to his sub-business associates frequently and submit periodical reports to the company as directed.

(XIV) That Business Associate’s promotion to the next higher rank will be considered after expiry of the business year or on fulfillment of the yearly targets.

(XV) The contract will come to an end with death of business/field worker or early determination of contract whichever is earlier.

(XVI) The business Associate ID is not transferable. But will be transferable only on the name of nominee, which is selected by our Business Associate on the time of purchasing our business plan.

(XVII) All incentive/commission are payable only to our business associate, we can’t pay commission or incentive to any one at any condition.

(XVIII) That business associate shall abide by the rules and regulations of any promotion scheme that may be formulated by the Company at its discretion from time to time.

(XIX) Before submitting any new case, the business associate should ensure that all particulars are correctly furnished and the application form is duly signed by the applicant and the Introducer or sinner business associate. In the case of a minor (below age of 18) the form is to be signed by the parents/legal guardian only; stating his relationship with the applicant.

(XX) (a) The Company accepts cheques drawn by the business associates only. Cheques drawn by any other person are not accepted.

(b) Outstation cheques will not be accepted.

(c) Before drawing any cheque the drawer of the cheque should ensure the following:

(I) Name of the Managing Director is correctly written.

(II) Amount in words and figures should agree.

(III) Date is correctly written. Post-dated cheques will not accepted.

(XXI) In case a cheque is received against a new application, only an acknowledgement will be issued and sent to business associate directly. Final Receipt will be issued on the realization of cheque(s) only. The date of commencement of the ID NO. Allotment letter will the date on which the company will receive the advice from the concerned bank and not the date of deposit.

(XXII) Separate letters should be addressed for different subject matters to ensure prompt disposal and attention.

(XXIII) Business Associate are strictly forbidden to print any receipt or any other literature or to insert advertisement and to display any signboard or nameplate using Company’s name without prior written permission from the corporate office.

(XXIV) The rate of booking expense/commission payable to the field staff and the targets of minimum business that will make a field worker eligible for promotion to the next higher rank will be specified from time to time.

(XXV) Every Business Associates have to join new Business Associates in their down line within 45 days. If any business group or Business Associate don’t work in any 45 days of any month the payments were not be made to them at any cost.

(XXVI) The business associate, irrespective of his/her rank should carry the Identity Card while visiting field and must produce his identity on demand.

The management reserves the right to change, modify, alter any of the clauses stated here through office orders/circulars etc.

Determination of Agreement

Either party hereto may, at any time, determine this agreement by giving to the other party one month’s notice in writing. The Company may, however, determine this agreement immediately without giving any notice to the Business Associates if the Business Associate willfully fails to perform his obligations under this Agreement or is found guilty of any misconduct on his part.