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POLICY |
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| Seller Agreement |
| 1. |
A seller must own at least one commercial web business. |
| 2. |
If the seller owns head office and tries to sell the company’s affiliates, the seller must indicate the company title usage allowance – including title usage limitation. |
| 3. |
The head of the company and the head of whole sale must be identical as the business is commercially active. |
| 4. |
The seller must send the recent 3 months inventory as submitting the documentation to the web business company (or the company’s affiliates), and the seller must allow the retails to receive electronic mails. |
| 5. |
The seller must e-mail recent 3 months’ bank statements from the business bank account. |
| 6. |
(4). (5). The previous two statements are used to convince present owner of the company and business activity, and these become determinants of the market price of the company. |
| 7. |
If the submitted documentations are incomplete, the buyer can ask for additional documentations. |
| 8. |
The selling price can be adjusted by the seller, and the seller decides final company price depends on the price offer from the buyer. |
| 9. |
The seller can join the auction and the final selling price is determined by the seller. |
| 10. |
The auction company needs to test the buyer within 3 days during the Buyer Test period, and the auction company may deliver the received money to the buyer after 3% service fee deduction when the auction is complete.*Buyer Test Period – the period when the buyer actually perform business activity. |
| 11. |
The seller must finish paying off the debt to the business clients before the buyer test period, and if any remaining debt is found during the test period, all transactions stop at once. |
| 12. |
The life of the repayment on the debt balance is 24 hours, and the transactions are broken off if the debt is not settled. |
| 13. |
The amount of the business transaction will be returned to the buyer. |
| 14. |
If the seller violates its obligation, it cannot reregister for 3 months. |
| 15. |
The communication between the seller and the company needs to be replied within 3 days of receipt, and if there is no reply until the 2nd inquiry, the transactions are deferred and the business sales are prohibited for the duration of the exclusive sales contract period. |
| 16. |
The contract period is an exclusive sales contract from the first three months to the maximum of 6 months, and after the termination of the contract, the contract is renewed every three months. |
| 17. |
During the exclusive sales contract period, the transactions can occur only through the intermediation of the company. |
| 18. |
When the identity of the client is uncertain and the sales content is unclear in a short sale, the method of the transaction is an Offer Sale or a sale at a price determined by the company according to the wishes of the seller since it is difficult to verify the safety of the business. |
| 19. |
The short cut link to the company must be allowed be embedded on the home page to target sales. |
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