Stockist Agreement

Introduction

This Stockist Agreement ("Agreement") outlines the terms and conditions governing your participation as a Stockist in Richlance International's direct sales program.


Definitions
  • "Stockist" refers to an individual or business that has registered for the Stockist membership.
  • "Program" refers to Richlance International's direct sales program.
  • "Products" refers to digital and physical products offered through the Program.
  • "Website" refers to www.richlance.com.
  • "Local Government" refers to a geographical area designated by the government.

Membership Requirements
  • 1. Age: You must be at least 18 years old to become a Stockist.
  • 2. Registration: You must register with accurate and complete information.
  • 3. Payment: You must pay the registration fee (₦1,500,000 - ₦5,000,000).
  • 4. Location: Only one Stockist will be allowed per Local Government.

Membership Benefits
  • 1. Earning Potential: Earn up to 7% of monthly sales.
  • 2. Unlimited Earning Potential: Based on sales performance.
  • 3. Business Growth Support: Exclusive benefits to drive business growth.

Earning Structure
  • 1. Sales Commission: 4-7% on each product dispatched.
  • 2. Monthly Sales Bonus: Calculated based on total monthly sales.

Obligations
  • 1. Compliance: You must comply with all applicable laws and regulations.
  • 2. Program Rules: You must adhere to the Program's rules and guidelines.
  • 3. Confidentiality: You must maintain confidentiality of proprietary information.
  • 4. Inventory Management: You must manage inventory levels to ensure timely product delivery.
  • 5. Customer Support: You must provide excellent customer support.

Territorial Rights

As a Stockist, you will have exclusive territorial rights to operate within your designated Local Government.


Termination

We reserve the right to terminate your Stockist agreement at any time due to:

  • 1. Non-compliance with Program rules.
  • 2. Breach of confidentiality.
  • 3. Lack of inventory management.
  • 4. Other reasonable grounds.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the federal republic of Nigeria.


Dispute Resolution

Any disputes arising from this Agreement shall be resolved through arbitration.


Changes to Agreement

We reserve the right to update this Agreement. Changes will be effective upon posting.


Acceptance

By registering as a Stockist, you acknowledge that you have read, understood, and agree to this Agreement.


Contact Us

For questions or concerns regarding this Agreement, please contact:

Richlance International
Support@richlance.com