Vendor Agreement
Introduction:
This Vendor Agreement ("Agreement") is entered into by and between Faulcon Enterprises LLC ("Company," "we," "us," or "our"), the operator of i Am iKon Marketplace, and the individual or business entity registering as a vendor ("Vendor," "you," or "your"). By using our platform, you agree to comply with the terms outlined in this Agreement.
Scope of Agreement
This Agreement governs the relationship between the Company and the Vendor regarding the listing, promotion, and sale of services/products through the i Am iKon Marketplace.
Vendor Eligibility & Registration
Eligibility
To become a vendor, you must:
- Be at least 18 years old.
- Own a legally registered business (if applicable) or operate as a sole proprietor.
- Provide accurate and verifiable business and banking information.
Registration Process
Vendors must complete the online registration form.
Vendors must provide valid identification, business verification documents (if required), and tax-related information.
The Company reserves the right to approve or reject any Vendor application at its sole discretion.
Vendor Obligations
Product & Service Listings
Vendors are responsible for accurately describing their products/services.
Vendors must ensure that listings comply with applicable laws and regulations.
Any misleading, false, or prohibited listings will be removed immediately.
Pricing & Payments
Vendors set their own pricing for products/services.
All transactions will be processed through Stripe, our third-party payment provider.
Vendors will receive payouts on a [weekly/bi-weekly/monthly] basis, subject to Stripe's processing timeline.
Fulfillment & Customer Service
Vendors must fulfill all accepted orders within the agreed-upon timeline.
Vendors are responsible for handling customer inquiries, refunds, and disputes professionally.
Consistent failure to meet order fulfillment standards may result in account suspension or termination.
Fees & Commissions
Platform Fees
Vendors must fulfill all accepted orders within the agreed-upon timeline.
Vendors are responsible for handling customer inquiries, refunds, and disputes professionally.
Consistent failure to meet order fulfillment standards may result in account suspension or termination.
Payout Structure
Earnings will be deposited into the Vendor's designated Stripe account.
Vendors must maintain accurate and up-to-date payout details.
Vendor Conduct & Compliance
Compliance with Laws
Vendors must adhere to all applicable federal, state, and local laws and regulations.
Vendors are responsible for ensuring they have the necessary permits, licenses, and approvals to operate.
Prohibited Activities
Vendors may not:
- Sell counterfeit, illegal, or unauthorized products/services.
- Engage in fraudulent or deceptive business practices.
- Use the platform for illegal activities or promote harmful content.
Failure to comply with these rules may result in immediate removal from the marketplace and potential legal action.
Intellectual Property & Branding
Vendors grant the Company a non-exclusive, royalty-free license to use their logos, images, and descriptions for promotional purposes.
Vendors may not use the i Am iKon or Faulcon Enterprises LLC brand in any misleading or unauthorized manner.
Termination & Suspension
7.1 Termination by Vendor
Vendors may terminate their agreement with 30 days' written notice.
All pending transactions must be fulfilled before account closure.
7.2 Termination by Company
The Company reserves the right to terminate or suspend a Vendor's account for:
- Breach of this Agreement
- Fraudulent activity
- Customer complaints or repeated non-compliance
Limitation of Liability
The Company is not liable for any losses incurred due to operational failures, vendor misconduct, or third-party service disruptions.
Vendors agree to indemnify and hold harmless the Company from any claims arising from their activities on the platform.
Dispute Resolution
Any disputes between the Vendor and the Company will be resolved through negotiation and mediation before legal proceedings.
If a dispute cannot be resolved, it will be subject to the laws of Washington, D.C..
Amendments & Updates
The Company reserves the right to update this Agreement at any time.
Vendors will be notified of material changes via email or platform notifications.
Continued use of the marketplace after changes take effect constitutes acceptance of the revised terms.
Contact Information
If you have any questions about this Privacy Policy or contractual terms outlined in our Terms and Conditions, please contact us:
Faulcon Enterprises LLC
Address: 222 S Church St STE 215M, Charlotte, NC 28202
Phone: (123) 456-7890
Email: Customer.Service@FaulconEnterprises.com
Website: www.ikonmarketplace.com
Thank you for trusting i Am iKon. Your privacy is our priority.