THIS AGREEMENT (the “Agreement”) is made and entered on the date Advisor signs this form on the DadaSoko marketplace between GlobalSoko Foundation, Inc. having its registered office at 3960 Howard Hughes Pkwy, Suite 500, Las Vegas, Nevada 89169 (hereinafter referred to as the MARKETPLACE), which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include its successors and assigns) of the ONE PART and the named Advisor in this Agreement (hereinafter referred to as the Advisor) which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include its successors and assigns) of the OTHER PART.
WHEREAS the Advisor provides business collaboration services to the Marketplace and to manufacturers of unique products that are supplied to the DadaSoko Marketplace.
WHEREAS the Marketplace is a company and has approached Vendors asking them to sell their goods at a wholesale rate. The Advisor is compensated by the Vendor and Marketplace from a determined empowerment split fee percentage of the sale of items that the Vendor sales. If the product is sold at a rate significantly higher than the stated wholesale value, the Advisor will get a higher percentage fee from the sale.
THE PARTIES HERETO agree to abide as under:
1. The Advisor undertakes to advise the Vendor on best product selling and Vendor collaboration practices and methodologies to sell on the Marketplace including how to sell digitally.
2. It shall be the Marketplace's right to examine the goods for its satisfaction at the point of destination. If the goods are not according to the sample or specification, the Marketplace shall have the right to reject the goods at the risk and cost of the Vendor.
3. In the event of any dispute or difference between the parties hereto arising out of or in connection with this deed of whatsoever nature the same shall be referred to the arbitration of a common arbitrator if agreed upon, failing which to two Arbitrators one to be appointed by each party to an Arbitration.