Service Specific - TERMS OF USE
These Service Specific Terms of Use are a part of and incorporated by reference into the main Vyapardost General Terms of Use. By using vyapardost, you agree to the following terms in addition to the general Terms of Use.
1 Quotation, Bidding & Auction.
Vyapardost allows Buyers and Sellers to engage in real-time negotiations or auctions for products or services on the platform.
Buyer Terms :
Buyers can initiate a negotiation or auction by creating a request for quotations (RFQ).
Buyer details will be shared with Sellers participating in the auction, and Seller bids will be displayed in ascending order, with the lowest bid shown first.
Buyers have the right to reject any Seller’s bid without providing any reasons. Rejected Sellers will no longer be visible in the auction for that RFQ.
Buyers are not obligated to select the lowest bid or any specific Seller during the auction process.
Seller Terms
Sellers can participate in a live negotiation or auction by submitting bids for RFQs.
Each Seller will be given an opportunity to revise their bids based on their subscription plan's "Price Revision in Live Bid" feature. The number of allowed revisions will depend on the plan selected.
Sellers will be displayed to Buyers in ascending order based on the quoted price, with the lowest bid shown first. If there is a tie in bids, the Seller who submitted the bid first will appear higher in the list.
Vyapardost reserves the right to determine the number of visible Sellers to Buyers, which may vary based on the Seller's subscription plan.
General Terms
The Buyer has the option to accept or reject any quote, and Sellers are not guaranteed any business simply by participating in the auction.
If the Seller does not appear as a “Visible Seller to Buyer” in the auction, their bid will not be displayed to the Buyer.
Buyers are responsible for completing the negotiation or auction process within a reasonable timeframe. If no selection is made, the auction may expire after a set period determined by Vyapardost.
Vyapardost reserves the right to modify the rules for Negotiation/Auction without prior notice.
2 Smart Analytics Terms
Vyapardost provides Buyers and Sellers with Smart Analytics tools to help analyze pricing trends, vendor performance, and other key metrics.
Data Availability
The availability of Smart Analytics depends on the data provided by users and system-generated metrics. Vyapardost does not guarantee the accuracy or completeness of analytics data.
Analytics may be subject to the subscription plan chosen by the user, with certain premium features only available to users with higher-tier subscriptions.
Usage
Smart Analytics is designed to assist in the decision-making process by providing comparisons, pricing trends, and vendor ratings.
Users acknowledge that Smart Analytics is a tool for reference purposes only and does not guarantee any specific outcomes or savings.
Vyapardost is not liable for any decisions made by users based on the provided analytics.
3 Vendor Comparison Terms
Vyapardost allows users to compare multiple vendors based on pricing, service quality, delivery times, and other factors to aid in procurement decisions.
Comparison Features
Vendor Comparison allows Buyers to view multiple quotations or offers side-by-side to assist in evaluating vendors based on multiple factors (e.g., price, ratings, delivery terms).
The comparison tool uses data from user-submitted quotes and past transactions, but Vyapardost does not verify the accuracy or validity of vendor claims.
Vendor Ratings
Ratings and reviews are generated from user feedback and transactions conducted through the platform. Vyapardost does not endorse or guarantee the quality of any vendor listed on the platform.
Vendors may receive ratings based on their service history, product quality, and fulfillment capabilities. These ratings are dynamic and subject to change based on new user feedback.
Buyers must independently verify all vendor credentials and performance metrics before entering into a transaction.
4 Inventory Management Terms
Vyapardost’s Procurement SaaS includes an inventory management feature that allows businesses to track stock levels, orders, and deliveries.
Inventory Accuracy
The inventory data entered by the user is the sole responsibility of the user. Vyapardost is not responsible for any inaccuracies, discrepancies, or losses resulting from incorrect inventory entries.
Users are required to regularly update their inventory information to ensure it reflects actual stock levels and orders.
Inventory Tracking
The system provides real-time tracking for orders and deliveries, but any delays or inaccuracies in tracking caused by third-party logistics providers are beyond Vyapardost’s control.
Subscription Limits
The number of items that can be tracked and managed in the system may vary based on the user’s subscription plan.
5 Order and Contract Drafting Terms
Vyapardost’s Procurement SaaS allows users to draft orders and contracts directly on the platform.
Drafting Terms
Users can draft contracts or orders based on standard templates provided by Vyapardost or use custom templates.
Vyapardost is not responsible for the legal validity or enforceability of any contracts or orders created using its platform. Users should consult with legal professionals before executing any contract.
Contracts and orders are stored in the system for future reference, but Vyapardost is not responsible for any loss of data.
6 Vendor Discovery Terms
Vyapardost helps businesses discover and connect with vendors through its built-in marketplace.
Vendor Search
Users can search for vendors based on specific criteria such as industry, product categories, and geographical location.
Vyapardost provides vendor details based on information provided by vendors themselves, and the platform does not verify the authenticity or qualifications of any vendors listed.
Vendor Invitation
Buyers can invite vendors to participate in auctions or submit quotes. Inviting vendors does not obligate them to submit a response, and no guarantee is made that all invited vendors will participate.
Certain subscription plans may offer premium features for vendor discovery, such as advanced filtering and search options.
7 Subscription Plans and Feature Access
Vyapardost offers multiple subscription plans with varying access to features such as Negotiation, Smart Analytics, Vendor Comparison, and Inventory Management.
Plan Limitations
Feature access is determined by the user’s subscription plan. Basic plans may not have access to advanced features like Smart Analytics or multiple vendor comparisons.
Users can upgrade or downgrade their subscription plans at any time, but no refunds will be provided for unused features.
Changes to Plans
Vyapardost reserves the right to modify the features available in each subscription plan without prior notice. Any changes will be effective at the end of the user’s current billing cycle.
8 Leads & Lead Validity Terms
The terms listed below apply to both paid and free leads provided by Vyapardost.
Lead Visibility:
Sellers can access all available leads by navigating to the "Leads" tab on the platform.
The number of leads visible to a Seller depends on the product category and geographical location selected by the Seller.
Vyapar Leads in Paid Plans:
The number of “Vyapar Leads” included in paid plans represents the maximum number of leads Sellers can quote within the plan's validity period.
Vyapardost does not guarantee that all leads provided will result in successful business for the Seller. Leads are opportunities, not guaranteed transactions.
Lead Availability:
Vyapardost does not guarantee the availability of a specific number of leads mentioned in the paid plans. The number of leads depends on product/service demand and the selected geographical location.
If the Seller does not receive enough leads, no refunds will be issued, and lead validity will not be extended.
Lead Validity:
Vyapar Leads have a set validity period based on the purchased subscription plan.
Once the lead validity expires, leads will also expire and cannot be used. Expired leads will no longer appear in the Seller’s Vyapar Lead Balance.
9 Vyapardost Wallet Terms
Non-Refundable Deposits:
When a user adds money to the Vyapardost Wallet, they agree that the funds cannot be withdrawn or refunded under any circumstances.
Usage of Wallet Funds:
Wallet funds can only be used for purchasing Vyapardost services available within the Vyapardost app.
Wallet funds can only be applied to the following services:
Purchasing advertisements on Vyapardost.
Making payments to invite Sellers to quote on inquiries.
GST and Invoicing:
GST will be applied when adding funds to the Vyapardost Wallet, and a tax invoice will be provided to the user.
No additional tax will be applied when purchasing services using Vyapardost Wallet funds, and no invoice will be generated for services purchased with wallet funds.
10 Advertisement on Vyapardost Terms
Advertisement Placement:
Users can advertise their products or services on Vyapardost by bidding for available advertisement slots on selected pages and locations within the app.
Bidding for Advertisement Slots:
The bid amount for advertisements will be deducted from the Vyapardost Wallet.
Before the end of each month, Vyapardost will select a limited number of advertisements to display on the app. If the user's advertisement is not selected, the entire bid amount will be returned to the user's Vyapardost Wallet.
Advertisement Selection:
Vyapardost reserves the right to accept or reject any advertisement without providing a reason.
Priority for advertisement display will be given to the highest bids.
11 Amendments to Feature-Specific Terms
Vyapardost reserves the right to modify or update these Feature-Specific Terms at any time. Such changes will be effective upon posting on the Vyapardost website. Continued use of the affected features constitutes acceptance of the modified terms.
Conclusion
These Feature-Specific Terms govern your use of Vyapardost’s various features. By using these features, you agree to comply with these terms. If you have any questions regarding these terms, please contact us at info@vyapardost.com.
This document covers the essential rules for each feature offered by Vyapardost while maintaining a clear structure. You can expand or adjust specific sections as needed, based on the evolving functionality of the platform. Let me know if you'd like any further modifications!