uTrade Algos

  • Compliance with Financial Regulations: Both Affiliate and the end-user of uTrade Algos must comply with all applicable laws, including those of relevant financial authorities and data protection regulations.
  • Tax Deduction: Payments are subject to tax deductions as per applicable laws, and may require additional documentation to process withdrawals from the referral earnings.
  • Prohibited Activities: Referrers must not engage in misleading or fraudulent activities, including spamming or using the referral link in unauthorised advertising.
  • Grievances and Disputes: Any disputes under this program will be handled internally by uTrade Solutions and must not be escalated to external parties without prior agreement.
  • Audits and Verification: uTrade Solutions reserves the right to audit referral activities and may terminate or withhold rewards based on audit findings.
  • Policy Changes: uTrade Solutions may modify any referral program terms at any time due to regulatory changes or business needs.
  • Program Termination: The referral program can be suspended or terminated at uTrade Solutions’ discretion without any notice period.


Affiliate-Terms

This is a contract between _____________, (the “Affiliate”) and us uTrade Solutions Pvt Ltd. 5th Floor Sebiz Square, IT Park, Sector 67, Sahibzada Ajit Singh Nagar, Punjab 160062. It describes how we will work together and other aspects of our business relationship.

Commission

As defined by the program details, the affiliate will receive 10% of the business brought to uTrade Solutions and the total amount will be calculated at the end of the month and will be shared with the affiliate before releasing the payments.

Non-Exclusivity

This Agreement does not create an exclusive agreement between you and us. Both you and we will have the right to recommend similar products and services and to work with other parties in connection with the design, sale, installation, implementation and use of similar services and products.

Customer Transactions

Acceptance and Validity. An Affiliate Lead will be considered valid and accepted if, in our reasonable determination: (i) it is a new potential customer of ours, and (ii) is not, at the time of submission or one hundred and eighty (180) days prior, one of our pre-existing customers, or involved in our active sales process. Notwithstanding the foregoing, we may choose not to accept an Affiliate Lead in our reasonable discretion. If an Affiliate Lead does not purchase the Subscription Service, you will not be eligible for a Commission.

Requirements for Payment In order to receive payment under this Agreement, you must have: (i) agreed to the terms of this Agreement (communicated via e-mail); (ii) have a valid and up-to-date bank account (iii) completed any and all required tax documentation in order for uTrade Solutions to process any payments that may be owed to you.

Commission Payment. uTrade Solutions, will pay the Commission amount due to you within ten (10) days after the end of each month for any Commission amounts that you become eligible for according to the Eligibility section above via bank transfer to the account shared by the affiliate at the time of onboarding. We will not pay more than one Commission payment or other similar referral fee on any given Customer Transaction (unless we choose to in our discretion).

Taxes. You are responsible for payment of all taxes applicable to the Commission. All amounts payable by us to you are subject to offset by us against any amounts owed by you to us. In case the affiliate is not registered under GST or is not charging any GST on the invoices raised for commission services to Utrade then Utrade will not be liable to pay GST to the affiliate in case a demand is raised by the GST department to the affiliate at a later date.

 

Training and Support

Affiliate Training and Support. We may make available to you, without charge, various webinars and other resources made available as part of our Affiliate Program. If we make such resources available to you, you will encourage your sales representatives and/or other relevant personnel to participate in training and/or other certifications as we recommend and may make available to you from time-to-time. We may change or discontinue any or all parts of the Affiliate Program benefits or offerings at any time without notice.

Trademarks

You grant to us a nonexclusive, nontransferable, royalty-free right to use and display your trademarks, service marks and logos (“Affiliate Marks”) in connection with the Affiliate Program and this Agreement.

During the term of this Agreement, in the event that we make our trademark available to. You must: (i) only use the images of our trademark that we make available to you, without altering them in any way; (ii) only use our trademarks in connection with the Affiliate Program and this Agreement; and (iii) immediately comply if we request that you discontinue use. You must not: (i) use our trademark in a misleading or disparaging way; (ii) use our trademark in a way that implies we endorse, sponsor or approve of your services or products; or (iii) use our trademark in violation of applicable law or in connection with an obscene, indecent, or unlawful topic or material.

Proprietary Rights

uTrade Solutions Proprietary Rights. No license to any software is granted by this Agreement. The uTrade Solutions Products are protected by intellectual property laws. The uTrade Solutions Products belong to and are the property of us or our licensors (if any). We retain all ownership rights in the uTrade Solutions Products. You agree not to copy, rent, lease, sell, distribute, or create derivative works based on the uTrade Solutions Content, or the uTrade Solutions Products in whole or in part, by any means, except as expressly authorized in writing by us.

We encourage all customers, affiliates and partners to comment on the uTrade Solutions Products, provide suggestions for improving them, and vote on suggestions they like. You agree that all such comments and suggestions will be non-confidential and that we own all rights to use and incorporate them into the uTrade Solutions Products, without payment to you.

Confidentiality

As used herein, “Confidential Information” means all confidential information disclosed by a party (“Disclosing Party”) to the other party (“Receiving Party”), (i) whether orally or in writing, that is designated as confidential, and (ii) uTrade Solutions customer and prospect information, whether or not otherwise designated as confidential. Confidential Information does not include any information that (i) is or becomes generally known to the public without breach of any obligation owed to the Disclosing Party or (ii) was known to the Receiving Party prior to its disclosure by the Disclosing Party without breach of any obligation owed to the Disclosing Party. The Receiving Party shall: (i) protect the confidentiality of the Confidential Information of the Disclosing Party using the same degree of care that it uses with its own confidential information, but in no event less than reasonable care, (ii) not use any Confidential Information of the Disclosing Party for any purpose outside the scope of this Agreement, (iii) not disclose Confidential Information of the Disclosing Party to any third party, and (iv) limit access to Confidential Information of the Disclosing Party to its employees, contractors and agents. The Receiving Party may disclose Confidential Information of the Disclosing Party if required to do so under any federal, state, or local law, statute, rule or regulation, subpoena or legal process.

Term and Termination

Term. This Agreement will apply for as long as you participate in the Affiliate Program, until terminated.

No cause Termination. Both you and we may terminate this Agreement on seven (7) days written notice to the other party without any termination fees to the other party.

Upon termination or expiration, you will immediately discontinue all use of our trademark and references to this Affiliate Program from your website(s) and other collateral. For the avoidance of doubt, termination or expiration of this Agreement shall not cause a Customer’s subscription agreement to be terminated.

Governing Laws and Jurisdiction

The courts at Chandigarh, India, shall have exclusive Jurisdiction to determine any question, issue, dispute or claim between the parties including any application to be made under the Arbitration and Conciliation Act, 1996 as amended and re-enacted from time to time.

Notice

All notices, reports, or other correspondence, which may or must be given under this Agreement shall be sent by courier, registered mail, return receipt requested, at the address first mentioned above.