These Standard Terms of Use (“Terms”) apply in respect of all work carried out by FRANCHISEBAZAR, except to the extent that they otherwise agree with the Registered Member in writing.

1. The Registered Member certifies that the details mentioned herein are true and complete to the best of his knowledge and belief.
2. The Registered Member agrees not to post, email, display, upload, modify, publish, transmit, update or share any information on the site, or otherwise make available content that violates any law or regulation or that is false, deceptive, misleading or deceitful.
3. The Registered Member agrees to promptly disclose in absolute good faith the correct transaction value and transaction closure date and other material terms to FRANCHISEBAZAR by promptly sending an email to client.servicing@franchisebazar.com within 2 business days of transaction closure to enable FRANCHISEBAZAR to raise an invoice.

4. The Registered Member agrees to pay a finder's fee of 2% of total investment amount or 20% of any non-refundable franchise fee or INR 25,000 (or USD 400), whichever is higher, plus taxes as applicable to FRANCHISEBAZAR on transaction closure with franchisors/ manufacturers/ companies (or related parties) introduced by FRANCHISEBAZAR. If the total investment is lesser than Rs 1 crore and Upto Rs 50 Lakhs, you will be charged a min of 3% of the total investment. For Investments between Rs 50L-30L Fees will be Rs 100,000/-, between Rs 20-30L Fees will be Rs 75000/-, between Rs 20L-10L Fees will be Rs 50,000 and for all investments below Rs 10L, the min fees payable will be Rs 25000/.

   Investments here means the total money needed to start the new business including the deposits you give to landlords for taking up a property on rent & working capital provisions done to run the business for a minimum of 1 year from the start of the business. It also includes payments against stocks, Interiors, furniture & fixtures, deposits & franchise fees paid to the franchisor & all other refundable/non refundable investments required to start the business. Investments here include capital/monies borrowed, liquid/own capital put in, franchisors investment in the unit franchise and all amounts that are put into the unit franchise.

5. The transaction shall be deemed closed on the date on which the Registered Member and the franchisors/ manufacturers/ companies (or related parties) sign the final version of the definitive agreement amongst themselves or on making any payment pertaining to the transaction by the Registered Member to the franchisors/ manufacturers/ companies (or related parties), whichever is earlier.
6. Failure to disclose accordingly in good faith within the aforesaid timeframe would entitle FRANCHISEBAZAR to be indemnified to an amount that is not less than 2% of total investment amount or 20% of FranchiseFee or INR 25,000 (or USD 400), whichever is higher.
7. Invoices are payable within 5 days of the date of the invoice, unless alternative arrangements have been made with FRANCHISEBAZAR. Invoices outstanding for more than 5 days shall attract a simple interest of 4% per month.
8. The Registered Member shall use information received from prospective franchisors/ manufacturers/ companies (or related parties) and FRANCHISEBAZAR only for evaluation of the transaction in question and not for any other purpose. Further, the Registered Member shall not disclose, directly or indirectly, any such information received, including contact information, to any person other than his representatives who are directly participating in the evaluation of this transaction.

9. FRANCHISEBAZAR will hold in confidence all information concerning the Registered Member or his affairs that is acquired during the course of acting for the Registered Member. FRANCHISEBAZAR will not disclose any of this information to any other person except:

   • to the extent necessary or desirable to enable FRANCHISEBAZAR to carry out the Registered Member’s instructions; This may include having the member in the requisite city, investment, industry interested in databases for franchisors/ manufacturers/ companies (or related parties) to contact them if they fit their requirements or
   • to the extent required by law
10. The Registered Member understands that FRANCHISEBAZAR doesn’t provide any representation or warranty as to completeness or accuracy of any information received from prospective franchisors/ manufacturers/ companies (or related parties). The Registered Members are responsible for the accuracy and content of the listing.
11. In addition, to the extent permitted by law, FRANCHISEBAZAR is not liable, and the Registered Member agrees not to hold them responsible, for any damages or losses (including, but not limited to, loss of money, goodwill or reputation, profits, or other intangible losses or any special, indirect, or consequential damages) resulting directly or indirectly from the use of their services.
12. If the Registered Member has a dispute with one or more of other Registered Members, the Registered Member releases FRANCHISEBAZAR from claims, demands and damages (actual and consequential) of every kind and nature, known and unknown, arising out of or in any way connected with such disputes.
13. The Registered Member will indemnify and hold FRANCHISEBAZAR harmless from and against any and all claims, damages, obligations, losses, liabilities, costs or debt, and expenses (including but not limited to legal fees), arising from the Registered Member’s use of and access to the Website and/or the Service, violation of any of the terms of these Terms, claims made by any third party due to or arising out of the Registered Member’s breach of this Agreement, improper use of FRANCHISEBAZAR’ Services or breach of any law or the rights of a third party. This defence, duty of confidentiality and indemnification obligations will survive termination, modification or expiration of these Terms and your use of the Service and the Website.
14. Although, the Registered Member may expect to be reimbursed by a third party for FRANCHISEBAZAR’ fees and expenses, and although the invoices may, at the request of the Registered Member or with his approval be directed to a third party, nevertheless the Registered Member remains responsible for payment to FRANCHISEBAZAR if the third party fails to pay them.
15. The Registered Member agrees and consents to receive Phone calls, SMS, WhatsApp and Emails that FRANCHISEBAZAR’ sends in connection with his account at FRANCHISEBAZAR. The registered member allows to send them SMS though they may have DND activated and permit FRANCHISEBAZAR and its registered members to contact them via the registered mobile numbers and email ID’s.
16. The Registered Member agrees that FRANCHISEBAZAR can use its best efforts to advertise, market and promote their requirements/profiles on various platforms and social media in order to maximize the introductions they receive. The Registered member understands that they will have to be presented across all platforms that FRANCHISEBAZAR may deem fit to be able to get the maximum number of business proposals or prospects that they may be seeking.
17. The Registered Member acknowledges and agrees that FRANCHISEBAZAR, may establish limits from time to time concerning use of the Service, including among others, the maximum number of days that Content will be maintained or retained by the Service, the maximum number and size of postings, e-mail messages, or other Content that may be transmitted or stored by the Service, and the frequency with which the Registered Member may access the Service or the Website.
18. The Registered Member acknowledges and agrees that FRANCHISEBAZAR has no responsibility or liability for the deletion or failure to store any Content maintained or transmitted by the Website or the Service.
19. If FRANCHISEBAZAR believes that the Registered Member is abusing FRANCHISEBAZAR in any way, FRANCHISEBAZAR may, in their sole discretion and without limiting other remedies, limit, suspend, or terminate the user account(s) and access to their Services, delay or remove hosted content, remove any special status associated with the user’s account(s) and take technical and/or legal steps to prevent the User from using the Services.
20. FRANCHISEBAZAR is not liable for any infringement of intellectual property rights arising out of materials posted on or transmitted through the site, or items advertised on the site, by end users or any other third parties. Furthermore it will not be responsible for any reviews, comments or anything posted by members on any opportunity or any part of the website as it is purely a personal comment and all responsibility for the same will stay with the Registered Member.
21. In the event of any dispute of any nature whatsoever, whether in any court or otherwise, the liability of FRANCHISEBAZAR would be restricted to the fee paid under this engagement.
22. These Terms apply to any current engagement and also to any future engagement, whether or not FRANCHISEBAZAR send another copy to the Registered Member. FRANCHISEBAZAR is entitled to change these Terms from time to time, in which case they shall send out the amended Terms.
23. Any disputes, differences or question between the parties arising out of, or in connection with, these Terms of Use , or the commission of any breach of any terms thereof or of compensation payable thereof or in any manner whatsoever in connection with it, shall be decided through Arbitration by a sole arbitrator. The decision of such an arbitrator shall be final and binding on the parties. The venue of the arbitration proceedings shall be Bangalore and the provisions of the Arbitration and Conciliation Act, 1996, shall be applicable to such proceedings.
24. This engagement shall be governed by and construed in accordance with the laws of India. The exclusive venue for all actions related to or arising out of this engagement shall be the Courts of Bangalore, India.

Acceptance of the Terms mentioned herein shall constitute a valid contract that is binding on the parties.