This Vendor Agreement (“Agreement”) is entered into as of the Effective Date by and between Justwomanly, a company duly registered with the Corporate Affairs Commission of Nigeria, with its registered office located at Victoria Island, Lagos, in the future referred to as the “Company,” and the undersigned merchant or vendor, in the future referred to as the “Merchant.”
1. Payment Terms
1.1 Payment Timing: The Company will make payments to the Merchant for products sold through the Justwomanly platform after 15 days following the purchase. These 15 days are provided to allow buyers to request returns and refunds.
1.2 Sales Confirmation: If, within 15 days, the buyer does not request a return or refund, the transaction shall be categorized as a sale to the Merchant, and the Company shall initiate payment within 7 business days to the merchants business account.
2. Vendor Account Requirements
2.1 Verification: The Merchant must have a verified Justwomanly merchant account.
2.2 Business Account: The Merchant shall provide their business account number to the Company for payment processing.
2.3 KYC Process: The Merchant is required to complete the Know Your Customer (KYC) process by submitting valid identification documents to the Company.
3. Product Delivery
3.1 Delivery Requirement: The Merchant agrees to deliver the products ordered by the buyer to Justomanly terminals or operation centers, to enable Justwomanly with the aid of its logistics partners, to deliver to the designated delivery address before payment is released by the Company. This condition is essential to ensure consumer protection and build trust with merchants.
4.1 Official Channels: All communications between the Company and the Merchant shall be conducted through official Justwomanly communication channels. These channels include email, internal vendor communication systems, or any other officially designated means of communication. This is to streamline communication and prevent fraudulent activity.
5. Governing Law
5.1 Jurisdiction: This Agreement shall be governed by and construed following the laws of the Federal Republic of Nigeria.
6. Price Updates
6.1 Price Adjustment: Merchants are responsible for regularly updating the prices of their products on the Justwomanly platform. The prices displayed on the platform should accurately reflect the current pricing of the products. The Company will act in line with the prices set by the Merchant.
7. Account Officers
7.1 Contact Person: Merchants will have access to dedicated account officers at Justwomanly for assistance with internal and business-related issues. This service enhances operational efficiency and strengthens the partnership between the Company and its Merchants.
8. Good Faith
8.1 Good Faith Actions: Both parties, the Company and the Merchant, agree to conduct their activities under this Agreement in good faith, to promote a strong compliance standard in the fashion and technology ecosystem, particularly within Nigeria.
IN WITNESS of which, the parties hereto have executed this Vendor Agreement as of the Effective Date.
Justwomanly Technology Limited
9th November, 2023