Seller Agreement

Date:-

Location:-

Seller Name:- 

GST Company:-

Company Address:- 

Email:- 

Mobile:- 

Our (Vatsn Tecnic) Liability:- 

1. The sale of your machinery is much faster in comparison to any other means or seller. 
2. Marketing your machinery on every digital platform.
3. Directory submissions for selling your Machinery globally.
4. Classified listing of your machinery globally.
5. Machinery listing on Google for maximum reach.
6. Connecting to potential buyers across India and worldwide.
7. Specific targeting of industry owners with similar requirements.
8. Communication with only serious buyers and hassle-free dealings for your machinery.
9. Vatsn Tecnic’s selling ratio after the visit of the potential buyer is 1 out of 5 buyers.

Vatsn Tecnic Terms Dual Selling Method –

(1) Vatsn-Tecnic Consultancy charges: Our minimum consultancy charges will be 3% of the selling price of the machinery which can extend to a maximum of 9% depending upon different factors like the selling price of the machinery, condition of the machinery, and mutual agreement between Vatsn-Tecnic and the seller. The agreement, signed by both parties authorized signatories, states that machinery under 10 years old will be sold with a minimum consultancy charge.

Consultancy Charge at time of agreement –

(2) Machinery older than 10 years (from the manufacturing): The price of machinery that is older than 10 years will be decided between the seller and Vatsn-Tecnic on the date of the agreement. After the agreement, the machinery will be sold by Vatsn-Tecnic to potential buyers on their Prices and terms & conditions. Vatsn-Tecnic will pose as the owner of the mentioned machinery in front of their potential buyer.

Conditions –

1. Vatsn-Tecnic will be allowed inspection of the machinery for a minimum number of 3 times with potential buyers.
2. After the third inspection, Vatsn-Tecnic will pay 10% of the agreed machinery price for each additional visit.
3. If Vatsn-Tecnic fails to pay 10% of the machinery’s price for a third inspection, it will be sold on a consultancy basis at a fixed commission agreed upon with the seller.

4. The seller will grant Vatsn-Tecnic and their buyer full privacy during the first three inspections and thereafter, provided Vatsn-Tecnic pays 10% of the agreed machinery price before the fourth visit.

    
5. No individual, seller, or any other 3rd party will communicate with the buyer of Vatsn-Tecnic or disclose the prices of the machinery mutually decided at the time of agreement between the seller and Vatsn-Tecnic.
6. No individual, seller, or any other 3rd party will ask the potential buyer of Vatsn-tecnic about the prices on which Vatsn-tecnic and their potential buyer are negotiating the deal for the machinery.
7. All the communication related to the machinery sale & purchase between the seller and Vatsn-tecnic will be done through Email or any other mode digitally.

Prebooked status at the time of Agreement –

Machine deal process:-

• Buyer Details: Buyer details will be shared at the time of inspection through Email or digitally.
• Machinery information: Seller should provide complete and correct information related to the name of the manufacturer, year of manufacturing, and the condition of machinery.
• Machinery ownership: Machinery should not be under any kind of loan or liability, if so then any kind of advances, payments, and expenses will be bear by the sellers.
• Fraudulent activity:  If the seller hides any kind of facts related to loan/liability on machinery, any kind of issues in the machinery parts, working and condition, the seller would be liable for the amount paid for the machinery by Vatsn-Tecnic or buyer including charges for loading/unloading, transportation, and 3% commission on the price of the machinery to Vatsn-Tecnic.
• Time frame: The time frame of the deal will be mutually decided by the Buyer/Vatsn-tecnic and the seller. Once the timeframe is decided it will not be altered unless in case of any unforeseen conditions such as illness, Weather, government policies, etc. In such cases, a grace period of a minimum of 7 days extending to a maximum of 30 days may be provided according to the situation.
• Loading and Transport: Loading and Transportation will be bear by Buyer
• Some Buyer or Selling Information:  We will provide information regarding the location and further inspection once you agree with us.

Machine Deal Process –

1. Billings Details:- A tentative price of the machinery will be provided through Email or Digital media. The final billing amount will be decided after the inspection and negotiation and the same will be communicated through email or digital media mentioning 18% GST on Billing. 
2. The procedure for a complete Deal:- 10 % should be paid in advance as the booking amount. 50% of the amount should be paid before loading of machinery. The remaining amount should be paid at the time of loading of the machinery. (Note- amount should be paid within the time frame mutually decided as per agreement) 
3. Billing Party:- Billing Will be provided by Vatsn Tecnic as we are a third-party medium. We are responsible for selling machines through our consultancy or ownership policy. If there are any changes in terms and conditions, they will be mutually decided and communicated through email or other digital media.
4. If the seller/Vatsn-Tecnic defaults on the agreement, they must refund the advance amount, pay a penalty equal to the advance, and cover a 3% machinery price commission for third-party deals.

Penalties and Security –

1. Selling directly from Buyer:- In case of third-party deals where Vatsn-Tecnic provides consultancy services and Introducing Interested Buyer, The Seller is bound to pay our commission charges as communicated through email or digital media at the time of providing machinery details like machinery condition, location, and Buyer details. In case the Seller Sells the same machinery to the Buyer without informing Vatsn-Tecnic and without paying our commission charges, the Seller will have to pay 12% amount of the billing amount of the machinery as penalty charges.
2. Billing on a different firm:- If the Seller Sells the same machinery on the billing of another firm related to him such as his other firm/company, His partner’s firm/company, his friend’s firm/company, or any other firm/company owned by his relatives.
3. Interest:- If the Seller does not pay our commission or purchase the machinery from the specified firms/companies, a monthly interest rate of 3% will be charged on 12% of the machinery billing amount.
4. Security:- If the Seller fails to pay Vatsn Tecnic’s commission or purchase machinery, Vatsn Tecnic may request and must be provided with the Seller’s current account statement.

Legal conditions:-

1. If the seller fails to pay our commission (12% penalty with interest) or provide their firm’s account statement, they will face IPC penalties. Selling the machinery to a third party after Vatsn Tecnic notifies the buyer will also result in legal action.

2. All our communication made through email or digital media will be considered as evidence in a court of law. In case of legal action, Vatsn-Tecnic will file the case from Delhi and the Seller will have to appear for the court hearing in Delhi even if the buyer and seller and the machinery belong to a different state or country.

Payment Terms:

Vatsn Technic Policy:

Buyers must promptly settle bills issued by Vatsn Technic without bypassing or delaying machinery purchases.

Note: Communications via email, social media platforms (such as Facebook and LinkedIn), text messages, and WhatsApp messages will be admissible as evidence in legal proceedings, if necessary.