TECH
GUARD LABS FOUNDATION
MASTER
ELECTRONIC AFFILIATE AND REVENUE ALLOCATION AGREEMENT
THIS
ELECTRONIC CONTRACT (the
"Agreement") constitutes a legally binding corporate instrument
effective immediately upon the digital execution by the user via the
proprietary portal of TechGuard Labs Foundation.
BETWEEN:
TECHGUARD
LABS FOUNDATION,
a Section 8 Company incorporated under the Companies Act, 2013, maintaining its
registered corporate office at 395, Sarojini Naidu Road, Siddhapudur,
Coimbatore – 641044, Tamil Nadu, India (hereinafter referred to as the "Company");
AND
THE
ENROLLED USER,
being the individual or corporate entity whose legal identity and operational
credentials are authenticated during the digital registration sequence on the
Company’s platform (hereinafter referred to as the "Affiliate").
(The
Company and the Affiliate are hereinafter collectively referred to as the
"Parties" and individually as a "Party".)
RECITALS: A. The Company is a
specialized provider of advanced cybersecurity auditing, vulnerability
assessments, and compliance consulting. B. The Affiliate operates within a
commercial network and seeks to digitally refer prospective enterprise
clientele to the Company’s platform. C. The Parties execute this Agreement to
codify the operational guidelines, data protection mandates, and multi-tiered
financial distributions governing this digital affiliation.
IT
IS HEREBY AGREED AS FOLLOWS:
1. STATUTORY ELECTRONIC
FORMATION
1.1
Digital Execution (IT Act, 2000): This
Agreement is formulated as an electronic click-wrap contract. In strict
accordance with Section 10A of the Information Technology Act, 2000, the
Affiliate’s affirmative action of checking the requisite consent box and
activating the submission control on the Company's portal constitutes a valid,
legally enforceable electronic signature. 1.2 Evidentiary
Admissibility: The Company shall algorithmically log the Affiliate’s
IP address, temporal timestamp, and session metadata at the exact moment of
execution. The Parties mutually acknowledge that such cryptographic logs shall
operate as conclusive evidentiary proof of contract formation under Section 65B
of the Indian Evidence Act, 1872.
2. OPERATIVE DEFINITIONS
- "Authorized
Prospect" means
a third-party commercial entity submitted exclusively via the Company’s
digital portal, provided the Company possesses no prior active commercial
nexus with said entity.
- "Realized
Conversion" means
an Authorized Prospect that successfully executes a definitive commercial
contract or purchase order with the Company.
- "Net
Cleared Receipts" means
the gross funds actually realized and deposited into the Company’s bank
accounts stemming from a Realized Conversion, expressly excluding any
statutory taxes (including GST), refunds, or third-party pass-through
licensing fees.
- "Tier-2
Affiliate" means
a secondary referral partner independently sourced and successfully
onboarded to the Company's portal directly by the primary Affiliate.
3. REFERRAL PROTOCOL AND
COMMERCIAL AUTONOMY
3.1
Strict Portal Routing: To
establish causation and financial entitlement, all prospect data must be
submitted through the designated architecture of the Company's portal.
Extraneous communications (e.g., verbal introductions, direct emails, or SMS)
shall be deemed legally void for the purposes of commission calculation. 3.2
The Exclusivity Lock-In: Upon the Company’s formal digital validation
of an Authorized Prospect, the Affiliate is granted a protected lead window
of Three (03) months. If a Realized Conversion occurs within this
timeframe, the Affiliate’s right to remuneration is absolute. Expiration of
this window instantly dissolves the Affiliate's financial nexus to the
prospect. 3.3 Absolute Discretion: The Company reserves the
unilateral right to determine pricing matrices, negotiate contract terms, or
reject any Authorized Prospect based on capacity constraints, conflict of
interest, or strategic misalignment.
4. MULTI-TIERED REMUNERATION
ARCHITECTURE
4.1
Direct Origination Commission: For
every Realized Conversion directly originating from the Affiliate, the Company
shall disburse a contingent commission calculated against the Net Cleared
Receipts. The payout structure applies uniformly across all Company services
and is predefined as follows:
- Standard
Direct Commission: 10%
4.2
Tier-2 Override Mechanism (Strictly Single-Level): To foster network
proliferation, the Affiliate is entitled to an override bonus generated by
their directly recruited Tier-2 Affiliates, structured precisely as follows:
- Direct
Payout: The
Company shall directly disburse the standard origination commission to the
Tier-2 Affiliate who generated the deal.
- Override
Payout: Concurrently,
the Company shall remit an override bonus of Two (02) % of
the Net Cleared Receipts to the primary Affiliate.
- Absolute
Depth Limitation: This
override incentive is strictly capped at one downstream vector. The
primary Affiliate possesses zero legal or financial claim to revenues
generated by third-tier or subsequent recursive referrals.
4.3
Annuity Clause (Follow-On Revenues): Should
a Realized Conversion execute subsequent contracts or expand their service
scope within Three (03) months of their initial billing event,
the Affiliate shall remain entitled to proportional commissions on such
subsequent Net Cleared Receipts.
5. FINANCIAL SETTLEMENT, KYC,
AND STATUTORY COMPLIANCE
5.1
Settlement Trigger: All
financial obligations under this Agreement are strictly contingent upon the
Company’s actual receipt of cleared client funds. 5.2 Invoicing and TDS
Deduction: Upon digital notification of a settlement trigger, the
Affiliate shall generate a compliant tax invoice. The Company shall execute
electronic remittance within Thirty (30) business days of
invoice validation. The Company retains the absolute right to deduct Tax
Deducted at Source (TDS) and any other applicable statutory levies under the
Income Tax Act, 1961, prior to disbursement. 5.3 Mandatory KYC &
Anti-Money Laundering (AML) Lock: No commissions shall be disbursed
until the Affiliate has uploaded verified KYC documentation (PAN, GSTIN if
applicable, and certified bank details) matching their registered entity name
exactly. The Company reserves the right to freeze funds indefinitely if
discrepancies indicating proxy accounts or money laundering risks are
detected. 5.4 FEMA & Cross-Border Transmittals: For
international Affiliates, all remittances are subject to the Foreign Exchange
Management Act (FEMA), 1999, and Reserve Bank of India (RBI) guidelines. The
international Affiliate bears sole responsibility for providing valid Tax
Residency Certificates (TRC) to claim DTAA benefits. All cross-border banking
fees and currency conversion losses shall be borne exclusively by the
Affiliate. 5.5 Right of Set-Off: The Company is legally
authorized to unilaterally deduct, set-off, or withhold any quantified damages,
regulatory fines, or indemnification obligations caused by the Affiliate’s
breach of this Agreement directly from any accrued, unpaid commissions. 5.6
No Audit Rights: The Affiliate acknowledges that the Company's
internal financial records, client ledgers, and portal analytics are
proprietary. The Affiliate possesses no legal right to audit, inspect, or
demand the financial ledgers of the Company under any circumstance.
6. DATA PRIVACY AND DPDP ACT
(2023) MANDATES
6.1
Fiduciary Classification: For
the purposes of the Digital Personal Data Protection (DPDP) Act, 2023, the
Company shall act as the primary Data Fiduciary regarding all corporate contact
data injected into the portal. 6.2 Lawful Sourcing Covenant: The
Affiliate hereby warrants that all prospect data is acquired lawfully and
organically. The Affiliate is strictly prohibited from utilizing illicit data
scraping, purchasing unverified contact lists, or employing deceptive
data-harvesting methodologies. The Company shall process submitted data
strictly for the evaluation of the commercial referral.
7. RESTRICTIVE COVENANTS AND
BRAND PROTECTION
7.1
Anti-Spam Prohibition: The
Affiliate shall not initiate unsolicited bulk digital communications (spam) or
deploy deceptive algorithmic marketing that artificially inflates referral
metrics. 7.2 Intellectual Property & Trademark: The
Affiliate is expressly barred from bidding on the Company’s trademarked terms
across search engines (e.g., Google Ads), domain squatting, or visually
misrepresenting themselves as an official corporate organ of TechGuard Labs
Foundation.7.3 Non-Circumvention: During the Exclusivity Lock-In,
the Affiliate shall not attempt to directly bypass the Company to execute
private cybersecurity engagements with submitted Authorized Prospects. 7.4
Absolute Ownership of Client Nexus: The Parties agree that once an
Authorized Prospect executes a contract, the commercial relationship belongs
exclusively and perpetually to the Company. The Affiliate waives any right to
solicit, transition, or redirect said client to competing cybersecurity
providers during or after the term of this Agreement. 7.5 Strict
Non-Disparagement: The Affiliate shall not, at any time, publish,
communicate, or disseminate any defamatory, derogatory, or disparaging
statements regarding the Company, its executives, or its services on any
public, private, or digital forum (including social media). Breach of this
clause grants the Company the immediate right to seek injunctive relief and
liquidated damages.
8. CONFIDENTIALITY
8.1
Non-Disclosure: The
Affiliate acknowledges that they may gain visibility into the Company’s
proprietary cybersecurity frameworks, pricing models, and the identity of
high-security enterprise clients ("Confidential Information"). The
Affiliate shall maintain absolute secrecy of such data and shall not
disseminate it to any third party. This obligation shall survive the
termination of this Agreement for Three (03) years.
9. RISK ALLOCATION: LIABILITY
AND INDEMNITY
9.1
Unconscionability Shield (Liability Floor/Cap): The Company shall bear no
liability for indirect, punitive, or consequential damages (including lost
anticipated profits). To ensure statutory validity under the Indian Contract
Act, 1872, the Company’s absolute aggregate liability arising from any dispute
shall be strictly capped at the total commissions disbursed to the Affiliate in
the preceding three (3) months, or a nominal floor of INR 1,00,000,
whichever is higher. 9.2 Technological Force Majeure & Portal
Uptime: The Company provides the referral portal on an
"as-is" basis and guarantees no specific server uptime. The Company
bears zero liability for lost commissions, unlogged leads, or financial damages
resulting from portal downtime, cloud server outages, cybersecurity incidents,
or scheduled maintenance. 9.3 Unilateral Indemnity: The
Affiliate agrees to unconditionally indemnify, defend, and hold the Company
harmless from any third-party litigation, regulatory DPDP Act penalties, or
reputational damages arising directly from the Affiliate’s breach of the
Restrictive Covenants or unlawful business practices.
10. TERM, SUSPENSION, AND
TERMINATION
10.1
Duration: This
Agreement operates continuously from the execution date until terminated by
either Party via a Thirty (30) day written/electronic
notice. 10.2 Summary Digital Suspension: The Company reserves
the unilateral right to instantly suspend portal access and freeze pending
remittances if it detects fraudulent lead generation, data privacy violations,
or a breach of the Anti-Spam Prohibition. 10.3 Tail-Period Entitlement: Upon
standard termination, the Affiliate retains the right to commission for any
pending Authorized Prospects that successfully convert into Realized
Conversions within the subsequent One (01) month.
11. GOVERNING LAW AND TIERED
DISPUTE RESOLUTION
11.1
Jurisdiction: This
Agreement shall be governed by, and construed in accordance with, the
substantive laws of the Republic of India. 11.2 Stamp Duty Evidentiary
Compliance: The Parties recognize the validity of electronic
contracts. However, to cure any evidentiary defects under the Indian Stamp Act,
1899, the Company reserves the explicit right to halt payouts and compel the
Affiliate to execute a digitally stamped (e-stamped) counterpart of this
Agreement before releasing any cumulative commissions exceeding INR Three
Hundred Thousand (3,00,000). 11.3 Tiered Dispute Matrix: Following
a mandatory thirty (30) day good-faith mediation period, any unresolved dispute
shall be subject to the following jurisdictional thresholds:
- Civil
Litigation Threshold: If
the quantified claim is below INR 3,00,000, the Parties submit
to the exclusive jurisdiction of the competent civil courts situated
in Coimbatore, Tamil Nadu.
- Arbitration
Threshold: If
the quantified claim exceeds INR 3,00,000, the dispute shall
be finally resolved by ad-hoc arbitration under the Arbitration and
Conciliation Act, 1996. The arbitral tribunal shall consist of a Sole
Arbitrator appointed by mutual consent. The legal seat and physical venue
of arbitration shall be Coimbatore, Tamil Nadu, and the
proceedings shall be conducted in English.
12. GENERAL PROVISIONS
12.1
Unilateral Amendment: The
Company reserves the right to modify the commission structures or legal terms
of this Agreement by publishing an updated version on the portal. The
Affiliate’s continued submission of new Authorized Prospects following such
publication shall constitute binding digital acceptance of the amended
terms. 12.2 Severability: If any provision of this Agreement is
deemed invalid or unenforceable by a court of competent jurisdiction, the
remaining provisions shall remain in full force and effect, and the invalid
provision shall be modified to the minimum extent necessary to render it
enforceable.
18.
Acceptance
This
Agreement does not require a wet-ink or separately countersigned
signature. It is accepted electronically as follows:
18.1 The full text of this
Agreement is presented to the prospective Affiliate on Company's online
partner portal during registration, with a mandatory checkbox
confirming the Affiliate has read and agrees to its terms.
18.2 The Affiliate must
affirmatively check that box and click the confirmation button
(e.g., "I Agree & Submit Application") before
registration can be completed. Registration cannot proceed without
this affirmative action.
18.3 Upon acceptance, Company's system
logs the date, time, IP address, and version of the Agreement
accepted. This record constitutes conclusive evidence of the
formation of this Agreement between Company and that Affiliate, absent
manifest error.
18.4 Company confirms its own
acceptance by activating the Affiliate's account and portal access,
and/or by sending a confirmation email to the Affiliate's registered
email address.