Terms for Sellers
This document is an electronic record in terms of Information Technology Act, 2000 and rules there under as applicable and the amended provisions pertaining to electronic records in various statutes as amended by the Information Technology Act, 2000. This electronic record is generated by a computer system and does not require any physical or digital signatures.
Please read the following terms of service very carefully as these terms of service, as amended from time to time (the "Terms with sellers"), are a legal agreement between ourselves, i.e., Recode("we," "us," and/or "our"), and "you", i.e, the "seller" of the product through the "site"(that is Recode).
You must read and agree to be bound by the Terms with Sellers, before using the Site or subscribing to any products or service made available through or on the Site, including the sale, supply, payment, delivery, return or rejection of the products or services made available on, through or in connection with this Site (collectively the "Services").
Whereas, the parties to the contract do hereby agree to the following terms and conditions with respect to sale.
- 1. We are online platform, where products of registered Sellers are displayed for sale. We are the mediators (i.e., Agent of the seller) in the process of a Sale and we are not the actual owners of the product in any manner and do not take any recourse on the title of the product.
- 2. All the products that are showcased on our website are primarily owned by the sellers. product. We being the agents are only bound for all the acts done as an agent and nothing beyond that we strictly discourage fake branded items and other similar misrepresentations. In the event of such misrepresentation we reserve the right to deny access to our portal and initiate appropriate legal proceedings.
- 3. Final price of the product will be determined and fixed by the seller which will be displayed on our website. We help you in determining the current approximate price band consisting of minimum and maximum value that your product may possess based on our experience and study/research conducted by us on the user of the website for which we will collect the commission which is part of the total commission charged for the service that we provide.
- 4. The approximate price band suggested by us will be valid only for that particular item and only for 2 months and thereafter a fresh assessment will be made and new approximate price band may be determined. Our assessment and quote is purely basis the pictures and information provided. The quote may vary after seeing the actual products, if there is a discrepancy in the details provided and the actual product.
- 5. We reserve the right to reject the contract between us if final condition of the product on our physical quality check does not concur with the photo and the description given to us. All the rejected products will be delivered back to you after 100 days from the date it is delivered to us subject to shipping charges. Final condition means the condition of the product at the time of delivery by the courier agency to us.
- 6. Recode's responsibility of the products commence from the time we receive the products via courier as is. Till such time the responsibility lies with the Seller. In rare circumstance, if a product gets damaged by Recode, Recode shall indemnify the Seller considering the product is sold at the minimum amount quoted.
- 7. All the sale transaction will be updated to the seller only after the lapse of duration of the return policy with the buyer. Upon lapse of such return time available to the buyer, the seller gets an update of the sale via electronic sources. Sellers account gets credited with Recode points post deducting our commission. Recode points can be encashed by filling a form on the Recode website. All dues are remitted to Seller's bank account on 14th and 29th of every month. The time that it may take to reach Seller's account may vary by bank. Payments are made directly to your bank account that you have shared with us through ECS or on your request cash payment may also be made. We will never ask for your Bank passwords, CVV etc. You need to only email/ fill details in the form on our website related to your Full Name, Bank Name, Branch Name, IFSC Code. Reward points are virtual cash that will be credited to your account which will have a validity of one year. You can utilise these points for purchase of products from our website. You can even redeem the points by encashing it at an exchange rate of one rupee for every one RECODE point.
- 8. Recode would attempt to sell your products for a period of atleast 100 days. In case if the product is not sold within such time we will intimate you for further actions. You may choose to continue the service or request for the return of the product. In which case we will collect the appropriate charges for the service and return the product to you.
- 9. All the rejected and unclaimed products will be held in our possession for 6 months and thereafter will be donated to the NGOs and other similar organisations.
- 10. All the communications on this website will be through email and messages, therefore you need to update us if there is any change in your email or phone numbers.