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What Is a Service Agreement Malaysia

Customers typically raise disputes over the payment card network (also known as « chargebacks ») if a merchant does not provide the product or service to the customer, or if the payment card account holder has not authorized the charge. High litigation rates (usually above 1%) can prevent you from using payment processing services. Failing to handle disputes with your customers in a timely and efficient manner can ultimately prevent you from accepting payment cards for your business. Finally, Section E describes your liability to Stripe for all losses related to your Stripe Account, your agreement to resolve all disputes with Stripe by arbitration and not in the event of a dispute, and other legal terms that apply to you. You acknowledge that you do not knowingly post false or misleading product data or use Stripe Relay to sell or sell illegal products or services through the Applications, and that you are solely for the production, performance, shipping, and provision of ancillary services in connection with transactions you receive through your use of Stripe Relay; are responsible. A service contract can also be a warranty feature offered with a product. This type of service contract means that the manufacturer of the product undertakes to repair or replace the product if it breaks or does not work within a certain period of t. The more detailed this description, the better. This will reduce the likelihood of misunderstandings later. Ownership of the address of documents. The best course of action is to determine which party retains ownership rights over the documents produced during the employment contract.

The rights may remain the property of the service provider or be granted exclusively to the customer in accordance with the contractual agreement. B. Reimbursement of non-terminating services and obligations incurred by the Contractor in connection with the completion of the Project, provided that the Contractor provides the Client with documentation of the completion of the Work or the costs incurred. g. You agree to defend Stripe, our affiliates and their respective employees, agents and service providers (each, a « Stripe Company ») from and against all claims, suits, demands, losses, liabilities, damages, actions or proceedings (each, a « Claim ») brought by a third party against a Stripe Company, and you agree to indemnify the Stripe Companies for all claims arising out of: (i) your breach of any provision of this Agreement; (ii) any fees, fines, disputes, refunds, chargebacks, returns or any other liability arising out of your use of the Payment Processing Services; (iii) negligent or intentional misconduct on the part of your employees, contractors or agents; or (iv) any contractual or other relationship between you and Customers. The network`s rules state that you can only accept payment card payments for legal business transactions in good faith between you and your customers for goods or services free of privileges, claims and fees. You may only use payment network marks or service marks that comply with network rules, and network rules also limit your ability to discriminate by card type or charge additional fees for accepting payment cards. Stripe Connect allows platforms to help you manage your Stripe account and provide additional services directly to you or your customers.

You can connect your Stripe account to platforms when you sign up for your Stripe account or through the dashboard. To use Stripe Connect, you must also agree to the Stripe Connected Account Agreement. If you connect your Stripe Account to a Platform, you authorize Stripe to authorize the Platform to: (i) access your Stripe Account and any information contained in your Stripe Account (as defined in Section D); (ii) help you create and manage transactions with your customers; and (iii) deduct the amounts (e.B Platform Usage Fees) from funds payable to you from transactions related to the Platform (« Platform Fees »). You must separately agree with the platform to pay all platform fees, and all platform fees are in addition to the fees. Stripe has developed and provides access to the API that can be used to access services….

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