Terms and Condition
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The applicant must be 18 years or above of age and shall be competent to enter into
contract as provided in the Indian Contract Act.
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OWM HEALTH & WEALTH PRIVATE LIMITED (herein after referred as the
“Company”) reserves all rights whether to accept the application of applicant to become an
Independent Distributor (herein after referred as the “Distributor”) or reject whatsoever and it
is final and binding on the applicant. On selection as Distributor a unique identification no.
will be issued. He/She from thenceforth is eligible for certain incentives like discounts,
bonuses, Rewards or any other income as detailed in the business plan of the Company.
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Distributor is a non-exclusive contractor. Distributor is not an agent, employee, partner or
legal representative of the Company for any purpose whatsoever. He/She shall be responsible
for his/her own business and compliance of the central, state and local statues and regulations
and all applicable laws.
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Distributor shall abide by sales policy, Rules, Procedures, Terms and Conditions of the
Company in vogue or as amended anytime in the future.
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There is no any kind of fixed income. Commission, Bonuses, Rewards, Incentives etc. all
are based on the sale volume generated by the Distributor himself/herself as well by his/her
team and are calculated as per pay plan of the Company. Company reserves the right to
change Business Pulse Points (Pulse), Point Value (PV), P : PV Ratios, other components of
pay plan and method of Pay Plan at any point of time without prior notice
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Without prior approval from the Company, Distributor shall refrain from:
- Promoting Company’s products/activities through any form of advertisement.
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Recruiting new Distributor through any type of media.
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Company shall no way be responsible for any past, present or future liability incurred by
the Distributor while conducting business with the Company.
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Distributor can purchase Company’s products at Distributor price and shall sale to
customers at MRP (Maximum Retail Price) printed on the product pack label.
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All taxes, duties, government levies applicable to sales made by the Distributor shall be
payable by the Distributor as per the procedure and law of the land.
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Goods and Services Tax (GST) on the income of the Distributor (if applicable) will be
duly paid by the Distributor to the Government on due basic as per applicable norms.
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Distributor shall promote Company’s products in accordance with the contents of
Company’s printed document & support material supplied by the Company and prohibited to
make any amendments thereto or revision thereof by the Distributor.
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Distributor is bound to resell, distribute and market Company’s products within the
territory of India only.
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Distributor shall not sale Company’s products to or through retail outlets/shops as it is
contrary to the Sales Policy of the Company.
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Distributor will seek prior permission of the Company before selling or supplying
products to or through E-Comm. Companies and Online Marketplace.
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TDS will be deducted as per the prevailing rules and regulations formulated by the
Government.
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Company is having the absolute rights to terminate the Distributorship, in the event of
failure on part of the Distributor, to comply with the terms and conditions and code of ethics.
Prior notice will be served in such cases.
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A terminated Distributor can join fresh with a new application only after 6 months from
the date of termination.
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Return Policy:
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In case Distributor has received any damaged product, he/she can exchange it from where
he/she has got the delivery of the same within 10 Days of the delivery.
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Distributor can return unsold products to Company within 30 days from the date of
purchase with original Invoice as per return policy of the Company. Such products are must
be into resalable condition.
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Cooling off Period
Distributor can surrender his/her business within 30 days from the
date of sign up under Cooling off Period. They can return unsold products to Company with
original Invoice as per return policy of the Company. Such products are must be into
resalable condition.
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Distributor will never make any false claims of high incentives, income and about
business opportunities. He/she has to communicate Company’s business plan in Toto without
any changes.
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For all purposes, only English version of printed material from the Company will be
taken as an official copy.
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Company is the authority to interpret the rules, regulations, instructions and sales policy
applicable to and governing the conduct of the Distributor.
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Before visiting any prospect, for product selling or business presentation, Distributor will
always take prior appointment as well will carry his/her Distributor identity card.
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If there is no any business transaction continuously for 2 Years, the Distributorship will
be terminated. Prior notice will be served in such cases.
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Distributor cannot become distributor with as well actively participate in any role into
activity of any other direct selling entity, violation of this will result into termination from
being a Distributor with the Company. Prior notice will be served in such cases.
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Distributor must not make any negative or disparaging remarks about the Company.
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Company reserve the right to change, modify and alter the business plan, rules,
regulations, prices, terms, conditions and code of ethics without any prior notice or intimation
to the Distributor.
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The applicant should read, understand all the Rules, Policies, Terms, Conditions and code
of ethics mentioned in this agreement and seek all clarification and explanations from his
sponsor before signing up this application form.
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Any dispute, differences or claims arising out of as in connection with this agreement is
subject to Arbitration and shall be referred to the sole Arbitrator under the Arbitration Act
and Rules. The venue of such arbitration shall be at Kolkata-West Bengal and the award of
the Arbitrator shall be final and binding on all parties. The courts at Kolkata-West Bengal
shall alone have jurisdiction in relation to this Arbitration Agreement and any award arising
there from.
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OWM HEALTH & WEALTH PRIVATE LIMITED is a Company incorporated
under The Companies Act - 1956, registered with the Registrar of Companies, Kolkata and
having its registered office at Kolkata-West Bengal. All disputes or differences shall be
adjudicated upon by a court of an appropriate jurisdiction at Kolkata-West Bengal only
