Payment Structure Terms & Conditions for Creators on Commission

Basis These terms and conditions ("Agreement") govern the payment structure for creators ("Creator") who sell their products through a commission-based model ("Commission Model") with Madras Da Owned By I Clothing. By accessing or using the Commission Model, Creators agree to be bound by this Agreement.

Commission Basis

The Commission Model enables Creators to sell their products through the Company's platform, and receive payment for such products based on a commission structure. The commission percentage ("Commission Percentage") payable to Creators for their products sold through the Commission Model will be [Percentage], subject to change by the Company from time to time.

Payment Structure

Payment to Creators for their products sold through the Commission Model shall be made on a monthly basis, within 30 days after the end of the month in which the sale was made. Payment shall be made via the payment method selected by the Creator during registration, subject to the Company's payment policies.

Calculation of Payment

Payment to Creators for their products sold through the Commission Model shall be calculated based on the Commission Percentage and the net revenue ("Net Revenue") earned by the Company from the sale of such products. The Net Revenue is defined as the gross revenue received by the Company from the sale of the products, less any taxes, shipping, refunds, and chargebacks.

Reporting

The Company shall provide the Creator with regular reports on the sales of their products through the Commission Model, including the total sales revenue, the Commission Percentage, and the resulting commission payments due to the Creator.

Taxes

Creators shall be responsible for reporting and paying all applicable taxes on their commission payments, and shall indemnify and hold the Company harmless from any liability arising from such taxes.

Termination

The Company may terminate this Agreement and the Creator's use of the Commission Model at any time for any reason, with or without notice. Upon termination, the Creator shall be entitled to receive payment for any outstanding commission payments earned prior to the termination date.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of Tamilnadu, without regard to its conflicts of laws principles.

Entire Agreement

This Agreement contains the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior negotiations, understandings, and agreements between the parties, whether written or oral.

By accessing or using the Commission Model, Creators acknowledge that they have read and understand this Agreement and agree to be bound by its terms and conditions.