These Terms and Conditions ("Terms") govern the relationship between Brandsquare and its Chinese suppliers ("Supplier"). By engaging with Brandsquare, the Supplier agrees to comply with these Terms.
1. Definitions
Brandsquare: Refers to the Brandsquare Company, which operates an e-commerce platform.
Supplier: Refers to the Chinese company providing products to Brandsquare.
Products: Refers to the goods supplied by the Supplier for sale on the Brandsquare e-commerce platform.
2. Roles and Responsibilities
2.1 Role of the Supplier
Quality Products: The Supplier shall provide quality and affordable products to Brandsquare.
Product Confirmation: The Supplier must provide product pictures and pricing to Brandsquare for confirmation before shipment.
2.2 Role of Brandsquare
Receiving Products: Brandsquare will receive products when they arrive in Nigeria and will send picture proof confirming all products received.
Product Photography: Brandsquare will take professional photos of the products, edit them, and upload them to the e-commerce website.
Marketing Campaigns: Brandsquare will set up weekly and monthly social media campaigns to create awareness and engagement on the e-commerce store.
Onsite Marketing: Brandsquare will carry out onsite marketing to increase product purchases from the e-commerce store.
Event Organization: Brandsquare will organize events to onboard new wholesalers to the platform.
3. Financial Responsibilities
3.1 Supplier Responsibilities
The Supplier is fully responsible for providing, branding, and packaging the products before shipment to Brandsquare's warehouse.
3.2 Brandsquare Responsibilities
Brandsquare is responsible for all online and offline advertising related to the products.
Brandsquare will handle shipping the products to customers.
Brandsquare is responsible for providing warehouse facilities and maintenance.
4. Product Orders and Payment System
4.1 Sample Shipment
The Supplier shall first ship product samples to Brandsquare's warehouse for product confirmation. Brandsquare will take pictures of the samples and upload them to the e-commerce store, then send a link to the Supplier for confirmation of product placement.
4.2 Advertising and Product Listings
Brandsquare will commence advertising using the product samples sent by the Supplier while both parties finalize the next set of products to be shipped.
4.3 Commission Structure
Brandsquare will take a 13% commission on all sales made from products supplied by the Supplier. For example, if a product sold for RMB 500, Brandsquare will retain RMB 65 as commission.
4.4 Pricing
The product price listed on the website will be determined solely by Brandsquare.
4.5 Payment Process
Payments will be made to the Supplier in Naira through the PingPong payment system. A 40% upfront payment will be made to the Supplier before the products are shipped to Brandsquare's warehouse. Upon receipt of the products at Brandsquare's warehouse, the Supplier will be notified via the suppliers dashboard. The remaining 60% will be paid to the Supplier within three (3) weeks of receipt.
4.6 Storage of Goods
Goods will remain in Brandsquare's warehouse until the customer makes complete payment.
5. Agreement Acknowledgment
By entering into this agreement, both Brandsquare and the Supplier acknowledge that they understand their roles and responsibilities as outlined in these Terms.
6. Contact Information
For any questions or concerns regarding these Terms and Conditions, please contact Brandsquare at:
Email: support@brandsquare.store