Fulfilment Model Sample Clauses

Fulfilment Model the model of Order fulfilment of physical Goods agreed to by the Parties. z. Good: one (1), or several (if sold together under one Listing Price) as the case may be, item(s) owned and offered for sale by Seller under the Agreement. aa. GST: Goods and Services Tax (if any). bb. Handling Fee: a fee payable for handling Goods and supplying packaging materials under Fulfilment By HyperAir (inbound receive and putting away, outbound picking and packing, Customer return processing). cc. Inadequate Product: any wrong, faulty, defective, damaged (excluding any Good or Product damaged due to mishandling by HyperAir, a HyperAir contractor, or the Customer), legally non-compliant Good or Product, or a Good or Product that has been publicly or privately recalled, in accordance with the law or the Policies. dd. Intellectual Property Rights: all copyright, moral rights, trade marks, design rights, rights in or relating to databases, rights in or relating to confidential information, rights in relation to domain names, and any other intellectual property rights (registered or unregistered) throughout the world. ee. SIAC: is defined in Annex 2. ff. Late Payment Interest: is the interest payable by Seller on the overdue sum at the rate of eight per cent (8%) per annum, calculated on daily basis from the date on which such money falls due for payment to the date such money is actually received by HyperAir (as well as after judgment). gg. Laws: the laws of the Territory. hh. HyperAir: means HyperAir Incorporation Limited. ii. Listing Price: the price, including instalments, at which a Good is offered for sale to Customers by Seller as indicated on the Platform at the time the Order is placed. For the avoidance of doubt, the Listing Price includes any tax applicable by the Laws, and excludes any coupons or other discounts provided by HyperAir to the Customer. jj. Minimum Suspension Period: a period of ninety (90) days of which HyperAir is allowed to suspend the Payment to Seller pursuant to the Sales Proceeds – Payment Section of the Terms. kk. Order: the request placed by a Customer on the Platform for the purchase of a particular Good as communicated by HyperAir to Seller. HyperAir reserves the right to unilaterally cancel an Order for any reason. ll. Payment: the Sales Proceeds minus any sums owed by Seller under the Agreement or any other agreement entered into by the Parties and subject to any chargeback, reversal, refund, withholding for anticipated claims, deduction du...