ACADEMIC PARTNERSHIP TERMS AND CONDITIONS

PREAMBLE

     These Terms and Conditions constitute valid legal evidence that THE PARTIES have agreed to cooperate in the marketing and sales of ZAHIR ERP software.

ARTICLE 1
Purpose and Objective

     The purpose of this Cooperation is to market, sell, and implement PT Zahir Internasional’s products and services produced by the FIRST PARTY to companies that are clients of the SECOND PARTY by utilizing the respective potential of each party.


ARTICLE 2
Terms and Scope of Cooperation
  1. The SECOND PARTY is obligated to assist clients by conducting sales, designing, implementing, and integrating ZERP solutions.
  2. Pay a Cooperation Commitment Fee of IDR 70,000,000 for the First 2 Years, and subsequently pay IDR 45,000,000 once every 2 Years.
  3. The selling price of the Products shall be determined by the FIRST PARTY.
  4. The FIRST PARTY is obligated to pay a fee of 20% (Twenty Percent) of the product price provided that the SECOND PARTY successfully sells Zahir ERP Products to the SECOND PARTY’s clients within the first 6 (Six) months from the creation of these terms and conditions.
  5. If the SECOND PARTY successfully sells ZAHIR ERP Products within 6 months, in addition to receiving the 20% commission fee, the SECOND PARTY is entitled to receive an additional benefit, namely selling with a Self Mark-Up Pricing Fee in the subsequent months following the previous sales.
  6. The SECOND PARTY reserves the right to determine its own implementation Fee charged to Clients independently from the FIRST PARTY.
  7. The SECOND PARTY is entitled to receive ZAHIR ERP Certified User and ZAHIR ERP Expert Certified Training along with the necessary marketing tools.
  8. The SECOND PARTY is obligated to assist clients by designing, implementing, and integrating ZERP solutions.
  9. The FIRST PARTY grants the opportunity/priority to the SECOND PARTY to market Zahir ERP products in regions where the SECOND PARTY’s branch offices are located.
  10. The SECOND PARTY is required to inform the FIRST PARTY whenever a client wishes to use ZAHIR ERP products, for further follow-up by the FIRST PARTY.
  11. Sales commissions will be disbursed by the FIRST PARTY to the SECOND PARTY after the payment from the SECOND PARTY’s client to the FIRST PARTY has been completed.
ARTICLE 3
Term of Cooperation
This cooperation shall remain valid for 2 (two) years starting from the approval of these terms and conditions by the SECOND PARTY.
ARTICLE 4
Confidentiality

THE PARTIES agree that each party possesses trade secrets, business confidential information, know-how, and processes (collectively referred to as “CONFIDENTIAL INFORMATION”), whether or not marked as confidential, oral or written (in electronic form or otherwise). In this regard, each party is strictly prohibited from disclosing said CONFIDENTIAL INFORMATION to any third party, except as required by applicable laws and regulations or with prior written consent from the other party. All CONFIDENTIAL INFORMATION shall be treated as confidential by THE PARTIES under all circumstances until such time that the other party can prove that such information is no longer confidential.


ARTICLE 5
Dispute Resolution
  1. In the event of a dispute or difference of interpretation arising out of or in connection with this mutual agreement, the parties shall make every effort to resolve such dispute or interpretation amicably. To this end, The Parties shall consult and negotiate in good faith for their mutual benefit to achieve a fair and satisfactory resolution.
  2. If within 30 (thirty) days from the issuance of a complaint The Parties are unable to reach a resolution, all disputes and differences in interpretation shall be unilaterally decided by the FIRST PARTY, meaning that the FIRST PARTY may unilaterally terminate the Partnership cooperation with the SECOND PARTY without any claims or demands whatsoever from the SECOND PARTY.

ARTICLE 6
Closing Provisions
  1. Regarding any issues arising in the future, efforts will be made to resolve them through mutual deliberation, consensus, and an amicable manner.
  2. Any other matters not yet regulated in these terms & conditions shall be governed in additional rules that form an integral and inseparable part of these terms & conditions.
  3. If at a later date there are errors, mistakes, or circumstances that render these terms & conditions no longer applicable/suitable, proper rectifications shall be made accordingly.
  4. These Terms & Conditions are considered legally valid after being approved by the prospective partner and submitted to the FIRST PARTY.