FRANCHISE PARTNERSHIP AGREEMENT

Indian Institute of Ecommerce Foundation, an online business school registered under the Companies Act 2013 (CIN: U74140DL2015NPL286582) having its registered address 55 2ND Floor, Lane no.2 Westend Marg Saidulajab Saket South West Delhi DL 110030 IN, which includes its heirs and assigns of the first part, through its Director/ Authorised Signatory Mr. Sumit Pareek (hereinafter called as IIEC). 

and an ________________Individual or Company who want to partner with IIEC to market IIEC’s certification programs (hereinafter called as Franchise). 

After you agree to Indian Institute of E-Commerce Franchise Partnership terms & have paid the fees you will get the Following: 

Step 1: We will arrange One on One Video Call:

Once you have paid the fees online: IIEC will schedule a 1 on 1 Video Call to discuss on the steps forward regarding the dedicated store in iiec’s website, Courses, Marketing Plan, Do’s and Don’ts. This Video will be recorded and shared to you for your reference. 

Step 2: Marketing Collaterals:

After the Video Call, You will get Access to IIEC’s Course Specific Marketing Collaterals ( Eg: Brochure, Creatives, Affiliate Code, official email ID at iiec.edu.in and dedicated store in iiec’s e-learning portal, lead forms, payment gateway integration etc.) 

Step 3: Franchise Training Access:

You will also get free access to the Course so you can learn the whole program and make notes. This will be useful as a Train the Trainer Video Course, so you can market the program effectively. 

Step 4: Payment Collection:

You can share your bank account details at franchise@academy.iiec.co so we can process the payment within 7 working days for any fees that we receive using your Affiliate code. 

Step 5: Ongoing Support for you and all your students. 

 

Franchise Terms Conditions & Rights

Indian Institute of E-Commerce ( IIEC) is an E-Learning (Online Institute) which develops in-house online certification courses and some courses in partnership with e-commerce brand partners eg: amazon, tata group, alibaba, etc.

IIEC will provide access to all certification programs which are currently listed in IIEC website under this agreement.

Franchise will not be the exclusive online course marketing Partner of IIEC. 

IIEC agrees to provide 5 year Franchise rights to the Partner for all courses

Franchise has adequate infrastructure and sales resources to provide IIEC certification programs to the aspiring candidates. 

IIEC has agreed to take Franchise as its authorised Course marketing partner to Enroll students in IIEC’s Certification Programs based on the below terms and conditions: 

• Franchise is authorised to promote courses both in B2C & B2B Markets.
• The Franchise is free to promote the program across the world without any geographical restriction.
• The Franchise will get access to “Course Marketing Webinars” from IIEC to help franchise in increasing course sales.
• Franchise is authorised to directly use the IIEC Logo and can use marketing creatives provided by IIEC which Franchise can use for marketing the course.
• Training content will be hosted at https://courses.iiec.edu.in and cannot be modified. The IPR of the training contents shall vest with IIEC
• IIEC will provide Online Training access only to students and Franchise partners cannot  provide offline training or merge the iiec’s course as a bundle for a value added program elsewhere. 
• Train the Trainers program will be provided by IIEC through Online Video based Training at iiec.edu.in website within 7 working days of the finalisation of this agreement.
• Franchise will have no role in post student’s enrolment in iiec.edu.in because the student will agree to iiec.edu.in‘s terms & conditions once the student starts learning online.
• Certificates to the successful candidates shall be provided by IIEC and IIEC Partners.
• The candidates will be provided support by Indian Institute of E-Commerce in the form of support mail, Help-desk, knowledgeable, course updates, live chat etc. 
• Once the Franchise rights are granted, Indian Institute of E-Commerce will not refund the Franchise partnership fees if for any personal reason the Franchise partner does not want to continue. If the certification course is paused or terminated by the E-Commerce companies / brand Partner then IIEC will provide an alternative course access to the Franchise at no extra cost, IIEC will also develop new courses which will be made available to the franchise partner. IIEC can pause or remove an existing course or create new courses without permission from the franchise partners. 
• Franchise will sell the course at the course fees fixed by Indian Institute of E- Commerce in iiec.edu.in, Franchise cannot modify the course fees, while IIEC may provide Franchises discount coupon codes that students can use to get discount on the fees and the financial sharing will be based on the discounted fees in case the students is enrolling discount coupons.
• Courses cannot be sold at higher or lower prices as fixed by Indian Institute of E-Commerce. 

General Terms

• Franchise agrees to arrange and attend online meetings at regular intervals to discuss and to provide monthly reports of the progress, achievements and developments and seek to resolve any issues arising in connection with the Program.
• Franchise agrees to comply with all applicable laws and regulations, including but not limited to marketing and direct selling laws and regulations.
• IIEC & Franchise Further agree that Franchise shall maintain its marketing centres as per the rules and regulations laid by IIEC and shall maintain changes in courses and infrastructure as per Requirements of IIEC within mutually agreed time and framework.
• Franchise shall provide service/assistance for implementing any new projects by the other division of IIEC, subject to terms and conditions as mutually discussed and agreed.
• Franchise shall not reproduce the materials supplied by Indian Institute of Ecommerce or partner brands, such as course materials, slides, overhead, videos, manuals, workbook etc. as all the materials supplied by IIEC are copyrighted.
• Franchise shall allow the personnel and duly authorized by IIEC to inspect the premises, financial records relating to Courses, software and hardware at any time.

Franchise Validity

As a Franchise you will be able to get 5 years validity for selling IIEC’s certification programs such as Certified E-Commerce Professional, Post Graduate Program and various certification programs currently listed in our website. If a franchise is inactive for 6 month the franchise will be considered dormant and the account will be suspended automatically.

 

Course Fee Collection Terms 

Users will make payment to IIEC Pvt Ltd and IIEC Pvt Ltd will release the payout to the franchisee as and when IIEC receives the payout from online payment gateways or the users bank. All payments will be done to the company IIEC Pvt Ltd.

Course Fee sharing Breakup

Franchise Type I – DSA-Profit sharing

80% Profit Sharing Programs 

Course Name	Course Fee	Sharing %	Franchise Share	Monthly Sales	Annual Sales	Revenue / Year	Franchise Profit
E-Commerce Certification For Students	₹1,000	80%	₹800	30	360	₹3.6 Lacs	₹2.88 Lacs
E-Commerce Certification For Working Professionals	₹2,000	80%	₹1,600	30	360	₹7.2 Lacs	₹5.76 Lacs
E-Commerce Certification For Freelancers	₹3,000	80%	₹2,400	30	360	₹10.80 Lacs	₹8.64 Lacs
E-Commerce Certification For Startups	₹4,000	80%	₹3,200	30	360	₹14.40 Lacs	₹11.52 Lacs
Total						₹36 Lacs	₹28.80 Lacs

 

 

45% Profit Sharing Programs 

Course Name	Course Fee	Sharing %	Franchise Share	Monthly Sales	Annual Sales	Revenue / Year	Franchise Profit
E-Com Sellers (100 programs)	₹5,000	45%	₹2,250	200	2400	₹1.20 Cr.	₹54 Lacs
CEP Self-Paced	₹25,000	45%	₹11,250	30	360	₹90 Lacs	₹40.50 Lacs
CEP Practical	₹99,000	45%	₹44,550	30	360	₹3.56 Cr.	₹1.60 Cr.
Total						₹5.66 Cr	₹2.54 Cr.

 

 

 

 

 

20% Profit Sharing Programs 

Course Name	Course Fee	Sharing %	Franchise Share	Monthly Sales	Annual Sales	Revenue / Year	Franchise Profit
PGP Entrepreneurship	₹4 lacs	20%	₹80,000	2	24	₹96 Lacs	₹19.20 Lacs
PGP in Digital Marketing & Sales	₹2 lacs	20%	₹40,000	5	60	₹1.20 Cr.	₹24 Lacs
Total						₹2.16 Cr.	₹43.20 Lacs

NET PROFIT: ₹28.80 Lacs + ₹2.54 Cr. + ₹43.20 Lacs = ₹3.26 Cr.

 

 

_____________________________________________________________________________________________

Franchise Type II – IBC-Profit sharing

50% Profit Sharing Programs 

Course Name	Course Fee	Sharing %	Franchise Share	Monthly Sales	Annual Sales	Revenue / Year	Franchise Profit
E-Commerce Certification For Jobseekers	₹1,000	50%	₹500	10	120	₹1.20 Lacs	₹60,000
E-Commerce Certification For Working Professionals	₹2,000	50%	₹1000	10	120	₹2.40 Lacs	₹1.20 Lacs
E-Commerce Certification For Freelancers	₹3,000	50%	₹1500	10	120	₹3.60 Lacs	₹1.80 Lacs
E-Commerce     Certification For Startups	₹4,000	50%	₹2,000	10	120	₹4.80 Lacs	₹2.40 Lacs
Total						₹12 Lacs	₹6 Lacs

 

 

30% Profit Sharing Programs 

Course Name	Course Fee	Sharing %	Franchise Share	Monthly Sales	Annual Sales	Revenue / Year	Franchise Profit
E-Com Sellers (100 programs)	₹5,000	30%	₹1,500	10	120	₹6 Lacs	₹1.80 Lacs
CEP Self-Paced	₹25,000	30%	₹7,500	8	96	₹24 Lacs	₹7.20 Lacs
CEP Practical	₹99,000	30%	₹29,700	5	60	₹59.40 Lacs	₹17.82 Lacs
Total						₹89.40 Lacs	₹26.82 Lacs

 

 

15% Profit Sharing Programs 

Course Name	Course Fee	Sharing %	Franchise Share	Monthly Sales	Annual Sales	Revenue / Year	Franchise Profit
PGP Entrepreneurship	₹4 lacs	15%	₹60,000	1	12	₹48 Lacs	₹7.20 Lacs
PGP in Digital Marketing & Sales	₹2 lacs	15%	₹30,000	2	24	₹48 Lacs	₹7.20 Lacs
Total						₹96 Lacs	₹14.40 Lacs

NET PROFIT: ₹6 Lacs + ₹26.82 Lacs + ₹14.40 Lacs = ₹47.22 Lacs

 

 

Confidentiality:

• Franchisees must make sure that the agreed financial sharing between Indian Institute of E-Commerce & Franchise needs to be kept fully confidential and no one except the Authorised Franchise Partner & Chairman of Indian Institute of E-Commerce should know about the agreed financial terms.
• IIEC and Franchise shall maintain strict confidentiality of each other’s confidential information which is so described as confidential. Confidential Information means the terms of this agreement and all information concerning IIEC & Franchise or either Party to which the other Party is provided access by virtue of its activities as a result of this agreement. Confidential Information does not include information that has been publicly disseminated in writing by the owner, in which the receiving Party can show it knew prior to disclosure, or which was rightfully received by a Party from a third Party without restriction.
• Confidential Information acquired hereunder by either Party will be treated as proprietary information of the disclosing Party and shall not be used for any purpose other than the collaborations between IIEC & Franchise or disclosed to any third Party, except such Party’s professional advisers, affiliates, consultants, or its employees on a “need to know” basis. Neither Party shall, without the prior written consent of the other, make any public announcement or issue any press release disclosing Confidential Information, provided that either Party may make any disclosure required, in the opinion of its legal counsel, by applicable securities laws or stock rules or regulations

Validity, Disputes Resolution and Jurisdiction

• The agreement shall be valid for a period of 5 years from the date of signing and can be renewed by paying further renewal fees which can be mutually decided at that point in time.
• The agreement can be terminated from either side by giving three months notice, subject to and such that candidates already undergoing training will be enabled to complete the training and its certification by Indian Institute of E-Commerce.
• If there is any dispute, efforts shall be made to resolve the same through mutual discussions to avoid legal recourse as far as possible.
• If the dispute still persists, the area of jurisdiction shall be the courts of Delhi only.
• If any clause of the agreement is considered to be invalid/ unlawful subsequently, the other clauses of the agreement shall continue to be valid and enforceable and the operation of the agreement will not be affected.

Force Majure

Neither party shall be responsible for delay in performance of its obligations due to occurrence of an event which is beyond the reasonable control of a party, is not foreseeable and makes a party’s performance of its obligations hereunder impossible or so impracticable as reasonably to be considered as impossible under the circumstances and includes events but not limited to server downtime, war, riots, earthquake, fire, floods, civil disorder, strike, lockout, storm, adverse weather conditions or any other natural calamity or any orders of closure by government authorities.

Communication:

All communication including notices under this agreement by one party to the other party shall be given through registered/ speed post/ courier/ Email to the following:To IIEC:

Name: Sumit Pareek

Address: 55 2ND Floor, Lane no.2 Westend Marg Saidulajab Saket South West Delhi DL 110030 India.

Email ID: franchise@academy.iiec.co

Contact Person for operational Issues: Sumit Pareek

Contact Numbers:+919731508888 

 

All payments will be done to IIEC Pvt Ltd ( Indian Institute of E-Commerce® ) 

Franchise Fees: 

For DSA: The franchisee has agreed to make a payment of ₹590000 inclusive of 18% GST to IIEC Pvt Ltd

For IBC: The franchisee has agreed to make a payment of ₹177000 inclusive of 18% GST to IIEC Pvt Ltd

 

Pay to,

IIEC Private Limited

Ac no. 174805008356 

Didwana Branch, Bhawani Garhmarket,

near Bus stand, Didwana Rajasthan 341303

RTGS/NEFT IFSC: ICIC0001748