About the Company
Name: LLC MYSEED
Identification Code: 405 483 481
Brand Name: MYSEED.GE
Terms of Partnership
1.1. The supplier agrees to sell goods to MYSEED.GE under the agreed terms, and MYSEED.GE agrees to pay for the goods.
1.2. The cooperation also includes other interactions related to purchasing items, specifically:
- 1.2.1. Myseed.Ge will display products pre-agreed with the supplier on its website, Myseed.Ge.
- 1.2.2. When an order is placed by a customer, MYSEED.GE will notify the supplier about the order through the vendor account registered on the website.
- 1.2.3. Upon the supplier’s confirmation of the order, MYSEED.GE will transport the item to the customer.
2. Service Fee and Payment Terms
2.1. The cost of goods or the discount percentage is determined in the purchase document.
2.2. MYSEED.GE will transfer the payment for the goods to the supplier no later than the 15th calendar day of the following month.
2.3. Payment requires issuing a tax invoice (if the supplier is VAT registered), a delivery note (for legal entities), or a purchase act (for individuals).
2.4. Payments are made exclusively via non-cash transaction.
3. Delivery Terms for Goods
3.1. When delivering goods, the supplier must provide MYSEED.GE with the following documents:
- Delivery note
- Tax invoice
- Purchase act (for individuals.
4. Rights and Obligations of the Parties
4.1. The supplier is obligated to:
4.1.1 Provide MYSEED.GE with detailed product information, such as location, description, photos, availability/quantity, condition, price and etc.
4.1.2 Provide the information outlined in subparagraph “a” to the Buyer at the close of each business day. Additionally, promptly notify MYSEED.GE of any decisions regarding price changes.
4.1.3 Provide additional information or documents upon MYSEED.GE’s request.
4.1.4 Confirm item availability within one business hour upon receiving an order notification.
4.1.5 Store the item for 48 hours if available.
4.1.6 Deliver a legally and physically flawless item to MYSEED.GE.
4.1.7 Share contact details of personnel responsible for fulfilling these obligations.
4.1.8 Together with a representative of MYSEED.GE, the supplier’s representative will verify the conformity of the movable item with the order, in accordance with the previously agreed format.
4.1.9 GrantMYSEED.GE the right to conduct its advertising campaign through the website and/or various marketing channels, with the Supplier agreeing to provide MYSEED.GE with its logo, images, or other information upon request. The Supplier also assumes full responsibility for the accuracy of the provided information and its copyrights.
4.1.10 Fulfill all obligations above; otherwise, reimburse MYSEED.GE for the item’s value.
4.2. MYSEED.GE is obligated to:
4.2.1 Inform the supplier about ongoing operations, including providing reports and other necessary details.
4.2.2Through its representative, verify the item on-site to ensure it complies with the received order, taking into account the previously agreed-upon format.
4.2.3 Assign a contact person from the company to manage the cooperation.
4.3. MYSEED.GE has the right to:
Restrict the visibility of the supplier’s products on the website in case of any detected issues. Once resolved, visibility will be restored.
5. Cooperation Duration and Termination
5.1. The agreement is effective from the registration date on the website and remains valid until all obligations are fulfilled.
5.2. The agreement may be terminated by mutual consent at any time.
5.3. Either party may unilaterally terminate the agreement with 30 calendar days’ prior written notice.
6. Force Majeure
6.1. Both parties are released from their obligations if circumstances such as natural disasters, war, sabotage, or government acts prevent fulfillment.
6.2. Obligation deadlines are automatically extended for the duration of force majeure events.
6.3. Each party must immediately notify the other in writing about force majeure circumstances preventing fulfillment.
6.4. If the force majeure persists for over 30 calendar days, the agreement is considered terminated unless otherwise agreed. Obligations prior to the force majeure must still be fulfilled.
7. Confidentiality
7.1. The Parties agree to keep confidential any information considered confidential (including, but not limited to, trade secrets, as defined by applicable law), which holds commercial value because it is unknown to third parties and access to which is legally restricted. The Parties shall take measures to ensure its confidentiality and will not disclose it to any third party without the prior written consent of the other Party to this Agreement.
8. Protection of Personal Data
8.1. Personal data (including, but not limited to: name, surname, date of birth, place of residence, marital status, health status, salary, bonus, or other financial information) that becomes known to the Parties (“Information”) may be collected or processed (including actions such as collection, systematization, accumulation, storage, classification (updates, changes), use, dissemination, statistical analysis, depersonalization, blocking, and destruction by any means) by the representative of the Parties and/or their agent/contractor, provided that the data recipient ensures the implementation of appropriate protection mechanisms during the use of the information, as required by the activities of the Parties and the applicable legislation of the relevant jurisdiction.
9. Governing Law and Dispute Resolution
9.1. We will make every effort to resolve any dispute that may arise through prompt negotiation. If we are unable to reach an agreement, we will refer the matter to the Court of Georgia.
10. Additional Conditions
10.1. The agreement will be printed in Georgian in two copies, both having equal legal power.
10.2. Each party will retain one copy.
10.3. Amendments to the agreement must be made in writing and signed by both parties.
10.4. Invalidity of any clause does not invalidate the entire agreement.