OUR PAYMENT TERMS
This Payment Terms Agreement (“Agreement”) is entered into by and between Genplus Training And Consulting Services Private Limited (hereinafter referred to as “Training Provider”) and the Client (hereinafter referred to as “Client”) for the provision of technical training, placement training, and consulting services. This Agreement outlines the terms and conditions under which the Client will make payments to the Provider for the services provided.
- Services Provided: Provider agrees to provide technical training, placement training, and consulting services to the Client as outlined in the Service Agreement. The services will be provided by qualified and experienced professionals in the field.
- Payment Schedule: Client agrees to pay Provider for the services provided according to the following payment schedule:
– 50% of the total fee is due upon signing this Agreement as a deposit.
– 25% of the total fee is due at the midpoint of the service period.
– The remaining 25% of the total fee is due upon completion of the services
Payments can be made via check, wire transfer, credit card, or any other mutually agreed-upon payment method. Late payments will incur a late fee of 1.5% per month. - Taxes: The Client agrees to pay any applicable taxes, including but not limited to sales tax, that may be incurred as a result of the services provided. Provider will not be responsible for any taxes associated with the Client’s payment to the Provider.
- Cancellation Policy: If the Client decides to cancel the services before completion, the Client will forfeit the deposit paid at the time of signing this Agreement. If the services are cancelled by the Provider, the Provider will refund any payments made by the Client for services not yet rendered.
- Changes to the Services: Provider reserves the right to make changes to the services outlined in the Service Agreement. If changes are made that result in additional costs to the Client, the Client will be notified in writing and required to approve the additional costs before the changes are implemented.
- Confidentiality: Both parties agree to keep confidential any information shared during the provision of the services outlined in this Agreement. This includes but is not limited to business strategies, financial information, and proprietary information.
- Termination: Either party may terminate this Agreement with written notice if the other party breaches any terms outlined in this Agreement. In the event of termination, the Client will be responsible for any fees owed for services rendered up to the termination date.
- Dispute Resolution: Any disputes of or related to this Agreement will be resolved through negotiation between the parties. If the parties are unable to reach a resolution through negotiation, the dispute will be referred to mediation with a mutually agreed-upon mediator.
- Governing Law: This Agreement will be governed by and construed in accordance with the laws of Karnataka. Any legal action or proceeding arising out of or related to this Agreement will be brought in the courts of Bangalore.
- Entire Agreement: This Agreement constitutes the entire agreement between the parties and supersedes any prior agreements or understandings, whether oral or written, relating to the subject matter of this Agreement. This Agreement may only be modified in writing signed by both parties.
By signing below, both parties acknowledge that they have read, understood, and agreed to the terms outlined in this Payment Terms Agreement.