Vendor Agreement Of Flipkart

Given that many start-ups have invested in the development of aggregator platforms and markets, it is important to understand the legal aspects of setting up these platforms, such as. B the legal agreements necessary to reach agreements with suppliers and customers. Although there is a small difference between the operation of an aggregator platform and that of a market place, the contracts to be concluded by both parties are largely identical. This article intends to discuss the types of contracts entered into by an aggregator platform or market platform (hereafter referred to as "online platforms)" for reasons of brevity and convenience with their customers and sellers, as well as some important clauses of these contracts. Another important clause to include in these contracts concerns the types of products authorized and limited to be sold on the online platform. The products are differentiated into the authorized and restricted categories, according to the national laws of the country in which the online marketplace wants to do business. In some countries, for example, it is legal to sell tobacco and alcohol online, in others it is forbidden. It is therefore essential to list the categories of products and services that are offered on the sale or by suppliers. It is very important to discuss in the agreement, the scenarios in which the seller refunds, accepts returns, offer refunds and cancel orders to the placed buyer. For example, Amazon asks a customer to receive refunds, offer refunds or cancel orders if the seller is unable to complete the order, if the buyer does not receive the order, or if the buyer deposits an A-z warranty fee, etc. A clear mechanism for the same thing helps online platforms maintain their reputation in the marketplace and regain the trust of buyers.

In this article, T.H.Vishnu presents market contracts with suppliers and customers. The provision of a structured mechanism for pricing and payment procedures is another important aspect, which is an inevitable part of the contract between the online platform and the provider. The non-supplier seller is generally free to decide the price of the product they wish to sell. As far as the payment mechanism is concerned, online platforms typically charge certain fees for their services. For example, Flipkart charges commissions, collection fees, shipping costs, etc. for the service they provide depending on the product and price. After deducting these fees, payments are usually made to the seller within 7-14 business days from the date the order is sent. An online platform exists only to facilitate business between suppliers and customers. It is therefore very important to provide complete information on scenarios in which the online platform does not provide insurance or guarantees.

Thus, one of the "representations and guarantees" clauses in one of the "representations and guarantees" clauses expressly states that "Flipkart does not accept any assurance or guarantee regarding the details (such as quality, value, sales capacity, etc.) of the products or services to be offered for sale or purchase on the site.