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Seller Agreement

CODIFYSCRIPT SELLER SERVICE AGREEMENT

This Seller Service Agreement (the "Agreement") is a legal contract between CodifyScript (a Proprietorship firm, hereinafter referred to as the "Marketplace") and you (hereinafter referred to as the "Seller" or "Vendor").

By registering as a Seller on CodifyScript, you agree to be bound by the following terms:

1. Nature of Marketplace

CodifyScript provides a platform for Sellers to list, market, and sell digital assets, specifically readymade coding scripts, software, and themes ("Products").

2. Intellectual Property & Warranties

  • Ownership: The Seller warrants that they are the original creator of the Product or possess all necessary licenses to resell the code.

  • Prohibited Content: Sellers shall not upload "Nulled" scripts, GPL-violating code, or software containing malware/viruses.

  • Indemnity: The Seller agrees to indemnify CodifyScript against any legal claims regarding copyright infringement related to the Seller's Products.

3. Commission & Fee Structure

  • Marketplace Commission: CodifyScript will retain a 20% platform fee (the "Commission") on the gross sale price of every transaction.

  • Payment Gateway Fees: Any transaction fees charged by Easebuzz or other payment processors are deducted from the gross sale amount before the final split.

4. Payouts & KYC Threshold

  • Minimum Payout: Sellers are eligible to request a payout once their "Current Balance" reaches $100 (USD) or its equivalent in INR.

  • Mandatory KYC: Upon reaching the $100 threshold, the Seller must provide:

    1. Identity Proof: PAN Card (Mandatory for Indian Tax compliance).

    2. Address Proof: Aadhaar Card or Voter ID.

    3. Bank Proof: A cancelled cheque or bank statement matching the Seller's name.

  • Payout Processing: Once KYC is verified, payouts will be processed to the Seller’s registered bank account within 3–5 business days.

5. Indian Tax Compliance

As per Indian Law (Finance Act), CodifyScript is required to deduct the following before remitting payments:

  • GST TCS (Section 52): 1% Tax Collected at Source (TCS) will be deducted from the net taxable value.

  • Income Tax TDS (Section 194-O): 0.1% (or 5% in absence of PAN) will be deducted as TDS for e-commerce transactions.

  • Tax Invoices: CodifyScript will provide monthly tax certificates for all deductions made, which the Seller can use to claim tax credits.

6. Customer Support & Refunds

  • Support: The Seller is responsible for providing basic installation support or bug fixes for their Products.

  • Refund Policy: If a Product is found to be "Broken" or "Not as Described," CodifyScript reserves the right to issue a full refund to the buyer and debit the Seller’s account.

7. Termination

CodifyScript reserves the right to ban any Seller and freeze their funds if they are found engaging in fraudulent activities, selling pirated code, or bypassing the marketplace to sell directly to users.

 

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