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63 in the event of online payments foodpanda shall

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6.3In the event of online payments, Foodpanda shall collect money and reconcile in accordance with the provisions of clause 6.6.4The Parties agree and accept that the Restaurant Revenue and the Agency/Aggregator Fees will be calculated and payable in the amount agreedto on the Vendor Registration Form and that no other fees or charges shall apply between the Parties or towards the customers, except asprovided for in this Agreement. Vendor specifically accepts that, if applicable, Foodpanda may set-off the Agency/Aggregator Fee against theRestaurant Revenue.6.5The Parties agree and accept that within five (5) business days from the end of every month, starting from the Commencement Date (each a"Payment Period"), Foodpanda will issue a monthly ordering statement (“Order Statement”) to the Vendor for the orders received duringthe previous month indicating the Restaurant Revenue, VAT, tax, any other applicable govt. charges and any other sums that may be due to theVendor, as well as an invoice for the Agency/Aggregator Fee. Foodpanda shall clearly outline the total sum (if any outstanding) to betransferred to Vendor after any applicable set-off (“Transfer Amounts”), or the total sum due (if any) to be paid by Vendor, as the case maybe.6.6Foodpanda's payment partner, or Foodpanda, as the case may be, shall transfer the Transfer Amounts outstanding if any and/or any othersums due to the Vendor’s bank account listed on the Vendor Registration Form, within 15 business days of claim after acceptance of the OrderStatement by the Vendor.6.7Saving the provisions of clause 3.1, in addition to the above-mentioned invoice, Foodpanda shall also issue the Vendor with an outline ofliquidated damages due by Vendor to Foodpanda and/or Foodpanda to Vendor (“Notification of Damages”).6.8The Vendor shall have the right to appeal the Order Statement and Notification of Damages in accordance with the below:a)Vendor shall object in writing within 7 business days of the issuing date of the relevant Order Statement or Notification of Damages and shallclearly state all the reasons for the appeal, including any supporting documentation;b)Foodpanda shall review the objection within 5 business days and:i.if agreed with, shall adjust the Order Statement or Notification of Damages accordingly;ii.if Foodpanda disagrees with the Vendor, it shall inform Vendor of such and the Parties will attempt in good faith to resolve any disputeor claim arising out of or in relation to this Agreement through negotiations between a director or authorized representative of each ofthe Parties with authority to settle the relevant dispute.c)If the dispute cannot be settled amicably within 14 days of receipt of the appeal will entitle either Party to apply the provisions of clause 24.2.

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Term
Spring
Professor
NoProfessor
Tags
The Delivery, The Order, The Breach, Order of the Garter

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