Common use of UNDERSTANDING BETWEEN THE PARTIES Clause in Contracts

UNDERSTANDING BETWEEN THE PARTIES. 2.1. Each Party intends to promote its own business by sharing the equipment, technology, experience and other facilities provided or agreed to be provided by a Party to the opposite Party under the terms and conditions of this Agreement to the extent that such promotion is in line with the business activities of the Parties. 2.2. The relationship between the Parties is purely a business relationship based upon Principal-to-Principal arrangements and shall, unless expressly provided otherwise, never be construed as partnership, or joint venture, or employer-employee, principal- agent arrangement between the parties for any purpose whatsoever. 2.3. Home Credit neither guarantees any minimum sale or business to the Merchant nor undertakes to provide any kind of particular service or facility for consideration to the Merchant and the Merchant shall be solely responsible for all its own business and undertakes to bear all losses or profits arising out of its own business. 2.4. All existing Merchant stores will be included in the list of participating branches for promotions. Further, even if a Merchant does not enroll some of its branches for promotions or loyalty programs, qualified transactions using HCC will still be subject to the promotion or loyalty program available at the time of the transaction. 2.5. All transactions processed under the name of the Merchant, as it appears in the statement from the Payment Network, regardless of the branch name, will be billed to the Merchant, if applicable. 2.6. Home Credit reserves the right to decline or terminate the Customer’s participation in any of the promotions or loyalty programs if it finds that the Customer has breached any of the terms and conditions of its card, loan, or financing agreement with Home Credit. 2.7. Merchant agrees that the decision of Home Credit shall prevail in case of any conflict in the promotions or loyalty programs.

UNDERSTANDING BETWEEN THE PARTIES. 2.1. Each Party intends to promote its own business by sharing the equipment, technology, experience and other facilities provided or agreed to be provided by a Party to the opposite Party under the terms and conditions of this Agreement to the extent that such promotion is in line with the business activities of the Parties. 2.2. The relationship between the Parties is purely a business relationship based upon Principal-to-Principal arrangements and shall, unless expressly provided otherwise, never be construed as partnership, or joint venture, or employer-employee, principal- agent arrangement between the parties for any purpose whatsoever. 2.3. Home Credit neither guarantees any minimum sale or business to the Merchant nor undertakes to provide any kind of particular service or facility for consideration to the Merchant and the Merchant shall be solely responsible for all its own business and undertakes to bear all losses or profits arising out of its own business. 2.4. All existing Merchant stores will be included in the list of participating branches for promotions. Further, even if a Merchant does not enroll some of its branches for promotions or loyalty programs, qualified transactions using HCC will still be subject to the promotion or loyalty program available at the time of the transaction. 2.5. All transactions processed under the name of the Merchant, as it appears in the statement from the Payment Network, regardless of the branch name, will be billed to the Merchant, if applicable. 2.6. Home Credit reserves the right to decline or terminate the Customer’s participation in any of the promotions promotions, loyalty programs, QR Payment System, or loyalty programs Home Credit Pay System if it finds that the Customer has breached any of the terms and conditions of its card, loan, or financing agreement with Home Credit. 2.7. Merchant agrees that the decision of Home Credit shall prevail in case of any conflict in the promotions or loyalty programs.