Declaration

DECLARATION

I, the undersigned. confirm that I have completed 18 yrs of age. I understand that a purchase of diagnostic, medical treatment Product as listed on the website, will make me eligible for a relationship as an Independent Business Associate with the Company. My Associate relationship cannot be transferred/sold, assigned to any person without the prior written consent of the company. I am responsible to pay all my applicable taxes from time to time and the Company will not be held liable for the same. I have no objection and I agree to the Company deducting tax at source from my weekly /monthly accrual cheque as per rates prescribed under the Income Tax Act. 1961 or pay the same as prescribed under any other law for the time being in force or any modification thereof.
I confirm that the information set forth is accurate to the best of my knowledge and belief and have read, understood and hereby agree to the terms and conditions given on the reverse side of this form and those prevalent / updated on the company's website, a copy of which has been made available to me by Company. I also confirm and agree to abide by such terms and conditions modified or amended by the said company from time to time.

TERMS AND CONDITIONS

The applicant shall act as an Independent Business Associate, hereinafter referred to as ' associate 'for Meditation Health Care (OPC) Private Limited, hereinafter referred to as the said 'Company'. The applicant must be a major (18 years) as at the date of application in order to be eligible to become an Associate of the said Company and be competent to sign this agreement. This document including the IBA (Independent Business Associate) Application overleaf shall be fully completed and signed by the applicant and accepted by Meditation Health Care (OPC) Private Limited. The said Company has the option to reject any Application without assigning any reasons for the same and the decision of the said Company will be final and binding. The duly completed Application Form may constitute an IBA Agreement ("Agreement") between Meditation Health Care (OPC) Private Limited and the applicant(s) whose signature and other identification data appear overleaf.

  • 1. The Business Opportunity is purely optional and Independent Business Associate is not compelled to bring or sponsor any other Independent Business Associate. He /She can do so if they wish for their own gain.
  • 2. The Company's diagnostic, medical treatment Product, will be delivered ONLY on receipt of the application form with respective payment of fees, in original and is for his / her personal use.
  • 3. Independent Business Associate hereby confirms that he/she has entered into this Agreement as an Independent Business Associate. Nothing in this Agreement shall establish as employment, or any other labour relationship between the Independent Business Associate and the Company, and nothing shall establish the IBA 's position as a partner, procurer, broker, and / or representative of the Company.
  • 4. When purchasing and selling the Company's products, the Independent Business Associate shall act as an independent business Associate; acting in his/her own name, at his/her own responsibility and for his/her account and the Company shall not be liable for the same.
  • 5. IBA hereby agrees to become the Company's Independent Business Associate and to participate in its Plan as chosen by him / her which is understood by him / her in their vernacular language & agree to abide with the same. IBA's membership fee is valid for one year from date of issuance of membership receipt by Company. IBAs will renew their membership annually on or before seven days before the expiry of validity period. Non-Compliance of the same will be treated as termination of the IBA Agreement. The said Company will not be responsible for any acts of the Independent Business Associate.
  • 6. Independent Business Associate will not use the Company Trade name or trademark except in the advertisement provided to Independent Business Associate by the Company or on the written consent by the Company. Independent Business Associate is however permitted to promote the same through his / her personal contacts & word of mouth.
  • 7. The Company will make all payments on account of commission and/or incentives through account payee Cheques drawn in favour of the Applicant only or deposit the said amount into the Applicant's Account only after deduction of all applicable fees and statutory requirements as governed by the law of the land.
  • 8. The Company shall as and when required at its option and sole discretion amend the Rules, Regulation, Policies & Procedures and Terms & Conditions of this Business Relationship and shall notify any amendments, alterations, deletions or additions by updating in the Rule Book and/or its Website. It is the Independent Business Associate responsibility to keep track of the same.
  • 9. All disputes are subject to Pune jurisdiction. The Company can terminate this relationship with Independent Business Associate at any time (without assigning any reasons to the Applicant for the same), if the Company is of the opinion that the provisions of the Rules of Conduct are not being followed and / or any anti- Company activities are being carried out.
  • 10. The Company can alter the terms and conditions of this relationship with Independent Business Associate at any time without assigning any reasons to the Independent Business Associate for the same .
  • 11. The Company can alter the scheme of health plan on the website and the Independent Business Associate is ready to accept such change for the same.


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