Merchant shall Clause Samples
The 'Merchant shall' clause sets out specific obligations or actions that the merchant is required to perform under the agreement. Typically, this clause details duties such as delivering goods, providing services, maintaining certain standards, or complying with applicable laws and regulations. For example, it may require the merchant to process orders within a set timeframe or to ensure that products meet quality specifications. The core function of this clause is to clearly define the merchant's responsibilities, thereby ensuring accountability and reducing the risk of misunderstandings or disputes between the parties.
Merchant shall use the Confidential Information only for the purposes of this Agreement;
Merchant shall a) Not use the Confidential Information for any purpose other than what has been specifically stated and authorised by Simsim;
b) keep and maintain confidentiality of all the Confidential Information of the Company or any information contained in this Agreement and all data, information and materials provided to it by Simsim from time to time, whether of a commercial, technical or any other nature;
c) ensure that its directors, employees, agents, representatives and its affiliates and their respective directors, employees, agents and representatives retain all such data, information and materials as confidential; and
d) at all times take all necessary precautions to ensure that no third party has access to this Agreement and Confidential Information unless authorised by the other Party in writing, and in such cases only to the extent necessary to carry out its obligations in terms hereof.
Merchant shall. 4.1.1. Observe, maintain and comply with Applicable Law, any and all policies, guidelines and reasonable instructions Solidgate may reasonably issue or make available from time to time with respect to privacy, security, compliance, risk, Chargebacks, Website monitoring and other matters. Merchant acknowledges that certain countries have distant selling laws and regulations with which it is Merchant’s sole responsibility to become familiar and fully compliant.
4.1.2. Assist Solidgate in the verification and due diligence process as shall be required, by providing the Merchant Information requested by Solidgate within five (5) Business Days of receiving Solidgate’s request, unless different period is reasonably provided. Merchant warrants unconditionally that all the information it provides to Solidgate is correct and up to date, and undertakes to provide Solidgate with at least five (5) Business Days written notice of any material change of the provided information, unless different period is reasonably required.
4.1.3. Assist Solidgate in further checks on ▇▇▇▇▇▇▇▇’s identity, creditworthiness and background. ▇▇▇▇▇▇▇▇ hereby authorizes Solidgate to contact and consult relevant registries and governmental authorities or any other relevant sources, to submit Merchant Information, or any other relevant information received from Merchant, to the relevant Card Scheme to obtain a permission for providing access to their payment methods for Merchant, or for any ongoing monitoring related purpose.
4.1.4. Upon Solidgate’s reasonable request, disclose such information and/or allow access and fully cooperate, at Merchant’s own expense, with any financial, security and/or procedural inspection, investigation and/or audit that may be conducted by or for Solidgate, Card Schemes, regulatory authorities/agencies, and/or other relevant payment providers, in each case necessary for the purposes of the performance of this Agreement.
4.1.5. Immediately but not later than 2 business days inform Solidgate on any changes regarding the Merchant in particular changes regarding its legal form, address, bank data, significant changes in the terms and conditions of delivery of goods or provision of services or other Merchant Information.
4.1.6. Meet all costs associated with its compliance with the law and other applicable provisions relevant to the performance of this Agreement.
4.1.7. Be liable and responsible for the actions of its officers, directors, employees, agents, contracto...
Merchant shall i. maintain a fair return, cancellation, or adjustment policy in accordance with type of business;
ii. disclose its return or cancellation policy to Customers at the time of purchase/enrolment/payment;