Terms of Service
TERMS OF SERVICE
Unpaid invoices can result in account termination. Payments must be made within 48 hours. To avoid account termination, you must pay a small fee to keep your account active. Be sure that all invoices are paid in a timely manner. E-mail firstname.lastname@example.org if you have any issues with payment processing.
Invoices of $0-$5,000 = $100 Fee
Invoices of $5,000-$10,000 = $150 Fee
Invoices of $10,000-$25,000 = $300 Fee
This website is operated by Honcho Wholesale. Throughout the site, the terms “we”, “us” and “our” refer to Honcho Wholesale. Honcho Wholesale offers this website, including all information, tools and services available from this site to you, the user, conditioned upon your acceptance of all terms, conditions, policies and notices stated here.
By visiting our site and/ or purchasing something from us, you engage in our “Service” and agree to be bound by the following terms and conditions (“Terms of Service”, “Terms”), including those additional terms and conditions and policies referenced herein and/or available by hyperlink. These Terms of Service apply to all users of the site, including without limitation users who are browsers, vendors, customers, merchants, and/ or contributors of content.
Please read these Terms of Service carefully before accessing or using our website. By accessing or using any part of the site, you agree to be bound by these Terms of Service. If you do not agree to all the terms and conditions of this agreement, then you may not access the website or use any services. If these Terms of Service are considered an offer, acceptance is expressly limited to these Terms of Service.
Any new features or tools which are added to the current store shall also be subject to the Terms of Service. You can review the most current version of the Terms of Service at any time on this page. We reserve the right to update, change or replace any part of these Terms of Service by posting updates and/or changes to our website. It is your responsibility to check this page periodically for changes. Your continued use of or access to the website following the posting of any changes constitutes acceptance of those changes.
Our store is hosted on Shopify Inc. They provide us with the online e-commerce platform that allows us to sell our products and services to you.
SECTION 1 - ONLINE STORE TERMS
By agreeing to these Terms of Service, you represent that you are at least the age of majority in your state or province of residence, or that you are the age of majority in your state or province of residence and you have given us your consent to allow any of your minor dependents to use this site.
You may not use our products for any illegal or unauthorized purpose nor may you, in the use of the Service, violate any laws in your jurisdiction (including but not limited to copyright laws).
You must not transmit any worms or viruses or any code of a destructive nature.
A breach or violation of any of the Terms will result in an immediate termination of your Services.
SECTION 2 - GENERAL CONDITIONS
We reserve the right to refuse service to anyone for any reason at any time.
You understand that your content (not including credit card information), may be transferred unencrypted and involve (a) transmissions over various networks; and (b) changes to conform and adapt to technical requirements of connecting networks or devices. Credit card information is always encrypted during transfer over networks.
You agree not to reproduce, duplicate, copy, sell, resell or exploit any portion of the Service, use of the Service, or access to the Service or any contact on the website through which the service is provided, without express written permission by us.
The headings used in this agreement are included for convenience only and will not limit or otherwise affect these Terms.
SECTION 3 - ACCURACY, COMPLETENESS AND TIMELINESS OF INFORMATION
We are not responsible if information made available on this site is not accurate, complete or current. The material on this site is provided for general information only and should not be relied upon or used as the sole basis for making decisions without consulting primary, more accurate, more complete or more timely sources of information. Any reliance on the material on this site is at your own risk.
This site may contain certain historical information. Historical information, necessarily, is not current and is provided for your reference only. We reserve the right to modify the contents of this site at any time, but we have no obligation to update any information on our site. You agree that it is your responsibility to monitor changes to our site.
SECTION 4 - MODIFICATIONS TO THE SERVICE AND PRICES
Prices for our products are subject to change without notice.
We reserve the right at any time to modify or discontinue the Service (or any part or content thereof) without notice at any time.
We shall not be liable to you or to any third-party for any modification, price change, suspension or discontinuance of the Service.
SECTION 5 - PRODUCTS OR SERVICES (if applicable)
Certain products or services may be available exclusively online through the website. These products or services may have limited quantities and are subject to return or exchange only according to our Return Policy.
We have made every effort to display as accurately as possible the colors and images of our products that appear at the store. We cannot guarantee that your computer monitor's display of any color will be accurate.
We reserve the right, but are not obligated, to limit the sales of our products or Services to any person, geographic region or jurisdiction. We may exercise this right on a case-by-case basis. We reserve the right to limit the quantities of any products or services that we offer. All descriptions of products or product pricing are subject to change at anytime without notice, at the sole discretion of us. We reserve the right to discontinue any product at any time. Any offer for any product or service made on this site is void where prohibited.
We do not warrant that the quality of any products, services, information, or other material purchased or obtained by you will meet your expectations, or that any errors in the Service will be corrected.
SECTION 6 - ACCURACY OF BILLING AND ACCOUNT INFORMATION
We reserve the right to refuse any order you place with us. We may, in our sole discretion, limit or cancel quantities purchased per person, per household or per order. These restrictions may include orders placed by or under the same customer account, the same credit card, and/or orders that use the same billing and/or shipping address. In the event that we make a change to or cancel an order, we may attempt to notify you by contacting the e-mail and/or billing address/phone number provided at the time the order was made. We reserve the right to limit or prohibit orders that, in our sole judgment, appear to be placed by dealers, resellers or distributors.
You agree to provide current, complete and accurate purchase and account information for all purchases made at our store. You agree to promptly update your account and other information, including your email address and credit card numbers and expiration dates, so that we can complete your transactions and contact you as needed.
For more detail, please review our Returns Policy.
SECTION 7 - OPTIONAL TOOLS
We may provide you with access to third-party tools over which we neither monitor nor have any control nor input.
You acknowledge and agree that we provide access to such tools ”as is” and “as available” without any warranties, representations or conditions of any kind and without any endorsement. We shall have no liability whatsoever arising from or relating to your use of optional third-party tools.
Any use by you of optional tools offered through the site is entirely at your own risk and discretion and you should ensure that you are familiar with and approve of the terms on which tools are provided by the relevant third-party provider(s).
We may also, in the future, offer new services and/or features through the website (including, the release of new tools and resources). Such new features and/or services shall also be subject to these Terms of Service.
SECTION 8 - THIRD-PARTY LINKS
Certain content, products and services available via our Service may include materials from third-parties.
Third-party links on this site may direct you to third-party websites that are not affiliated with us. We are not responsible for examining or evaluating the content or accuracy and we do not warrant and will not have any liability or responsibility for any third-party materials or websites, or for any other materials, products, or services of third-parties.
We are not liable for any harm or damages related to the purchase or use of goods, services, resources, content, or any other transactions made in connection with any third-party websites. Please review carefully the third-party's policies and practices and make sure you understand them before you engage in any transaction. Complaints, claims, concerns, or questions regarding third-party products should be directed to the third-party.
SECTION 9 - USER COMMENTS, FEEDBACK AND OTHER SUBMISSIONS
If, at our request, you send certain specific submissions (for example contest entries) or without a request from us you send creative ideas, suggestions, proposals, plans, or other materials, whether online, by email, by postal mail, or otherwise (collectively, 'comments'), you agree that we may, at any time, without restriction, edit, copy, publish, distribute, translate and otherwise use in any medium any comments that you forward to us. We are and shall be under no obligation (1) to maintain any comments in confidence; (2) to pay compensation for any comments; or (3) to respond to any comments.
We may, but have no obligation to, monitor, edit or remove content that we determine in our sole discretion are unlawful, offensive, threatening, libelous, defamatory, pornographic, obscene or otherwise objectionable or violates any party’s intellectual property or these Terms of Service.
You agree that your comments will not violate any right of any third-party, including copyright, trademark, privacy, personality or other personal or proprietary right. You further agree that your comments will not contain libelous or otherwise unlawful, abusive or obscene material, or contain any computer virus or other malware that could in any way affect the operation of the Service or any related website. You may not use a false e-mail address, pretend to be someone other than yourself, or otherwise mislead us or third-parties as to the origin of any comments. You are solely responsible for any comments you make and their accuracy. We take no responsibility and assume no liability for any comments posted by you or any third-party.
SECTION 10 - PERSONAL INFORMATION
SECTION 11 - ERRORS, INACCURACIES AND OMISSIONS
Occasionally there may be information on our site or in the Service that contains typographical errors, inaccuracies or omissions that may relate to product descriptions, pricing, promotions, offers, product shipping charges, transit times and availability. We reserve the right to correct any errors, inaccuracies or omissions, and to change or update information or cancel orders if any information in the Service or on any related website is inaccurate at any time without prior notice (including after you have submitted your order).
We undertake no obligation to update, amend or clarify information in the Service or on any related website, including without limitation, pricing information, except as required by law. No specified update or refresh date applied in the Service or on any related website, should be taken to indicate that all information in the Service or on any related website has been modified or updated.
SECTION 12 - PROHIBITED USES
In addition to other prohibitions as set forth in the Terms of Service, you are prohibited from using the site or its content: (a) for any unlawful purpose; (b) to solicit others to perform or participate in any unlawful acts; (c) to violate any international, federal, provincial or state regulations, rules, laws, or local ordinances; (d) to infringe upon or violate our intellectual property rights or the intellectual property rights of others; (e) to harass, abuse, insult, harm, defame, slander, disparage, intimidate, or discriminate based on gender, sexual orientation, religion, ethnicity, race, age, national origin, or disability; (f) to submit false or misleading information; (g) to upload or transmit viruses or any other type of malicious code that will or may be used in any way that will affect the functionality or operation of the Service or of any related website, other websites, or the Internet; (h) to collect or track the personal information of others; (i) to spam, phish, pharm, pretext, spider, crawl, or scrape; (j) for any obscene or immoral purpose; or (k) to interfere with or circumvent the security features of the Service or any related website, other websites, or the Internet. We reserve the right to terminate your use of the Service or any related website for violating any of the prohibited uses.
SECTION 13 - DISCLAIMER OF WARRANTIES; LIMITATION OF LIABILITY
We do not guarantee, represent or warrant that your use of our service will be uninterrupted, timely, secure or error-free.
We do not warrant that the results that may be obtained from the use of the service will be accurate or reliable.
You agree that from time to time we may remove the service for indefinite periods of time or cancel the service at any time, without notice to you.
You expressly agree that your use of, or inability to use, the service is at your sole risk. The service and all products and services delivered to you through the service are (except as expressly stated by us) provided 'as is' and 'as available' for your use, without any representation, warranties or conditions of any kind, either express or implied, including all implied warranties or conditions of merchantability, merchantable quality, fitness for a particular purpose, durability, title, and non-infringement.
In no case shall Honcho Wholesale, our directors, officers, employees, affiliates, agents, contractors, interns, suppliers, service providers or licensors be liable for any injury, loss, claim, or any direct, indirect, incidental, punitive, special, or consequential damages of any kind, including, without limitation lost profits, lost revenue, lost savings, loss of data, replacement costs, or any similar damages, whether based in contract, tort (including negligence), strict liability or otherwise, arising from your use of any of the service or any products procured using the service, or for any other claim related in any way to your use of the service or any product, including, but not limited to, any errors or omissions in any content, or any loss or damage of any kind incurred as a result of the use of the service or any content (or product) posted, transmitted, or otherwise made available via the service, even if advised of their possibility. Because some states or jurisdictions do not allow the exclusion or the limitation of liability for consequential or incidental damages, in such states or jurisdictions, our liability shall be limited to the maximum extent permitted by law.
SECTION 14 - INDEMNIFICATION
You agree to indemnify, defend and hold harmless Honcho Wholesale and our parent, subsidiaries, affiliates, partners, officers, directors, agents, contractors, licensors, service providers, subcontractors, suppliers, interns and employees, harmless from any claim or demand, including reasonable attorneys’ fees, made by any third-party due to or arising out of your breach of these Terms of Service or the documents they incorporate by reference, or your violation of any law or the rights of a third-party.
SECTION 15 - SEVERABILITY
In the event that any provision of these Terms of Service is determined to be unlawful, void or unenforceable, such provision shall nonetheless be enforceable to the fullest extent permitted by applicable law, and the unenforceable portion shall be deemed to be severed from these Terms of Service, such determination shall not affect the validity and enforceability of any other remaining provisions.
SECTION 16 - TERMINATION
The obligations and liabilities of the parties incurred prior to the termination date shall survive the termination of this agreement for all purposes.
These Terms of Service are effective unless and until terminated by either you or us. You may terminate these Terms of Service at any time by notifying us that you no longer wish to use our Services, or when you cease using our site.
If in our sole judgment you fail, or we suspect that you have failed, to comply with any term or provision of these Terms of Service, we also may terminate this agreement at any time without notice and you will remain liable for all amounts due up to and including the date of termination; and/or accordingly may deny you access to our Services (or any part thereof).
SECTION 17 - ENTIRE AGREEMENT
The failure of us to exercise or enforce any right or provision of these Terms of Service shall not constitute a waiver of such right or provision.
These Terms of Service and any policies or operating rules posted by us on this site or in respect to The Service constitutes the entire agreement and understanding between you and us and govern your use of the Service, superseding any prior or contemporaneous agreements, communications and proposals, whether oral or written, between you and us (including, but not limited to, any prior versions of the Terms of Service).
Any ambiguities in the interpretation of these Terms of Service shall not be construed against the drafting party.
SECTION 18 - GOVERNING LAW
These Terms of Service and any separate agreements whereby we provide you Services shall be governed by and construed in accordance with the laws of 1919 N Springfield Ave Chicago Illinois US 60647.
SECTION 19 - CHANGES TO TERMS OF SERVICE
You can review the most current version of the Terms of Service at any time at this page.
We reserve the right, at our sole discretion, to update, change or replace any part of these Terms of Service by posting updates and changes to our website. It is your responsibility to check our website periodically for changes. Your continued use of or access to our website or the Service following the posting of any changes to these Terms of Service constitutes acceptance of those changes.
SECTION 20 - CONTACT INFORMATION
Questions about the Terms of Service should be sent to us at email@example.com.
Honcho Wholesale Marketplace Services Terms and Conditions for Sellers
PLEASE READ THESE HONCHO WHOLESALE MARKETPLACE TERMS AND CONDITIONS CAREFULLY. This document contains very important information regarding your rights and obligations, as well as conditions, limitations, and exclusions that might apply to you. These Terms and Conditions require the use of arbitration to resolve disputes, rather than jury trials.
BY PLACING INVENTORY FOR THE MARKETPLACE SERVICES FROM THIS WEBSITE OR APPLICATION, YOU AFFIRM THAT:
YOU ARE OF LEGAL AGE TO ENTER INTO THESE TERMS AND CONDITIONS, AND YOU ACCEPT AND ARE BOUND BY THESE TERMS AND CONDITIONS; AND
IF YOU PLACE AN ORDER ON BEHALF OF AN ORGANIZATION OR COMPANY, YOU HAVE THE LEGAL AUTHORITY TO BIND ANY SUCH ORGANIZATION OR COMPANY TO THESE TERMS AND CONDITIONS.
YOU MAY NOT PLACE INVENTORY OR OBTAIN MARKETPLACE SERVICES FROM THIS WEBSITE OR APPLICATION IF YOU (A) DO NOT AGREE TO THESE TERMS AND CONDITIONS, (B) ARE NOT THE OLDER OF (i) AT LEAST 18 YEARS OF AGE OR (ii) LEGAL AGE TO FORM A BINDING CONTRACT WITH HONCHO WHOLESALE, OR (C) ARE PROHIBITED FROM ACCESSING OR USING THIS WEBSITE OR APPLICATION, OR ANY OF THIS WEBSITE'S OR APPLICATION’S CONTENTS OR SERVICES BY APPLICABLE LAW.
These Honcho Wholesale Marketplace Terms and Conditions for Sellers (these “ Terms and Conditions”) apply to the purchase and sale of services and use of such services through a website or application owned, operated, hosted or managed by Honcho Wholesale, such as Smashlots LLC, and related services (“Marketplace Service”) to facilitate business-to-business sales of excess physical goods (“ Inventory”) in the United States. These Terms and Conditions are a binding legal agreement between you or the entity you represent (“Seller”, “you”, or “ your”) and Smashlots LLC doing business as Honcho Wholesale, an Illinois corporation, with a principal place of business located at 1919 N Springfield Ave 2-12 Chicago, IL 60647 (“Honcho Wholesale”, “ we”, “us”, “our”).
Please note: These Terms and Conditions may have changed. Though your access and use of the Services is governed by these Terms and Conditions effective at the time, Honcho Wholesale may revise and update these Terms and Conditions from time to time in our sole discretion. If we make material changes to these Terms and Conditions, we will notify you by email or by posting a notice on the Marketplace Service prior to the effective date of the changes. We will also indicate at the top of this page the date that revisions were last made.
Appointment. Seller appoints Honcho Wholesale as a provider of online, e-commerce marketplace services for the sale of excess Inventory, within the United States, and Honcho Wholesale accepts such appointment.
Inventory Listing. Seller will, or Honcho Wholesale may on Seller’s behalf, create and post Inventory listings on the Marketplace Service.
Seller shall provide the following information about its Inventory to Honcho Wholesale, as an excel file (or other mutually agreed format) uploaded to the Marketplace Service, for the purpose of creating Inventory listings: product names and descriptions, suggested resale price, quantity, condition of products, product images (in the format and resolution requested by Honcho Wholesale), location of Inventory and any other information about the Inventory required by Honcho Wholesale (“ Inventory Information”). Subject to these Terms and Conditions, Seller hereby grants to Honcho Wholesale a non-exclusive, non-transferable right and license to use and display Seller’s logo, name, and any product images and names provided by Seller in connection with the promotion, listing, advertising and sale of the Inventory.
Seller may list duplicate or the same Inventory on the Marketplace Service that is simultaneously listed on another resale channel or elsewhere; provided that Seller shall immediately remove any listings of Inventory that have sold on another resale channel or elsewhere to avoid disputes arising from Seller’s inability to fulfill orders for Inventory listed on, but no longer available through, the Marketplace Service. Notwithstanding the foregoing and subject to the provisions of these Terms and Conditions, Seller shall remain responsible and liable for fulfilling any sales for Inventory on the Marketplace Service even if such Inventory was also sold on another channel or platform, or compensate Honcho Wholesale for the actual sale value of such listed Inventory, unless determined otherwise by Honcho Wholesale.
Honcho Wholesale reserves the right to refuse or remove any listing for Inventory at any time for any reason as solely determined by Honcho Wholesale.
Use of the Marketplace Service. Subject to these Terms and Conditions, Honcho Wholesale hereby grants to Seller: (a) the right to access and use the Marketplace Service solely for the purpose of listing Inventory for potential sale to end users of the Marketplace Service; and (b) a limited, non-exclusive, non-transferable license to download, install and use software in object code form only, including documentation, to access and use the Marketplace Service through a mobile device (the “Application”). Honcho Wholesale reserves the right to improve, change, modify or discontinue the Marketplace Service (including any features or functionality) or any portion thereof at any time.
Seller shall not, and shall not permit any third party to: (i) copy, modify, adapt or create any derivative work of the Marketplace Service or Application, or any part thereof; (ii) market, sell, license, sublicense, distribute, publish, display, reproduce, rent, lease, loan, assign or otherwise transfer to a third party the Marketplace Service or Application or any copy thereof, in whole or in part; (iii) reverse engineer, disassemble, or decompile the Marketplace Service or Application or otherwise attempt to derive or gain access to the Honcho Wholesale code of the Marketplace Service or Application, unless expressly permitted or required by law; (iv) employ any robot, spider, data miner, crawler or other automatic device or manual process to copy or monitor the Marketplace Service; or (v) use the Marketplace Service or Application in any manner or for any purpose not expressly permitted in these Terms and Conditions.
Seller shall not: (i) offer or deliver Inventory or upload images or any content that in any way violates or infringes upon the intellectual property, personal, proprietary or other rights (such as copyrights, trademarks, patents, trade secret or confidential information) of any third party (including without limitation counterfeit goods); (ii) offer or deliver Inventory that is illegal in any jurisdiction where the Inventory is offered or delivered; or (iii) engage in any other illegal or fraudulent activities.
Seller shall not circumvent, or attempt to circumvent (including by providing promotional materials for Seller in any pallets, lots or packaging prepared for shipping of Inventory), the Marketplace Service to sell Inventory directly to any buyer that Seller is introduced to, becomes aware of or has previously completed a transaction with as a result of or in connection with Seller’s use of the Marketplace Service. In the event of such circumvention, actual or attempted, Honcho Wholesale may immediately terminate Seller’s account and these Terms and Conditions, and Seller will be liable for any resulting loss or damages suffered by Honcho Wholesale.
Support. Honcho Wholesale shall provide support services for the Marketplace Service to Seller, provided that Seller maintains a valid account and abides by these Terms and Conditions. Honcho Wholesale will respond to and address bona fide end user questions or comments related to the use of the Marketplace Service. For questions or comments related to Inventory or shipping, Honcho Wholesale will forward such questions and comments to Seller, and Seller agrees to promptly respond to and address such questions or comments.
Fulfillment and Shipping .
Fulfillment. Seller shall fulfill accepted orders for listed Inventory promptly after such Inventory is purchased on the Marketplace Service. If Inventory is listed for sale via an auction, Seller cannot cancel such auction once it begins, and must accept and agree to the final auction sale price and fulfill the Inventory in accordance with these Terms and Conditions even if such final auction sale price is lower than the suggested resale price. Honcho Wholesale reserves the right to determine, in its sole discretion, whether or not to cancel any order for Inventory. In the event Honcho Wholesale allows Seller to cancel an order for Inventory, Seller shall pay to Honcho Wholesale an Inventory Cancellation Fee as detailed in the then-current fee schedule in addition to the Fees detailed in Section 5.1, which are non-refundable even in the event of a cancellation.
Shipping. Buyer is responsible for all packing and shipping costs associated with purchased Inventory. Unless expressly agreed to by the Parties in writing, Honcho Wholesale shall select and arrange the method of shipment of Inventory purchased on the Marketplace Service to an applicable buyer, including creation of shipping labels (which may not be altered by the Seller) and selecting and arranging the freight carrier to deliver the purchased Inventory to the buyer. Seller shall provide accurate shipping weight, dimensions and other relevant freight information to Honcho Wholesale for shipping of purchased Inventory. If such freight is reassessed or the package is re-labeled at a different cost, Seller agrees to be charged by Honcho Wholesale for the revised cost even if such cost is higher than the Seller expected. Seller shall promptly prepare Inventory for shipment and honor and abide by any handling and shipping times and arrangements otherwise communicated by Honcho Wholesale to Seller.
Ownership of Inventory. Title to all Inventory or other materials that are shipped by Honcho Wholesale on behalf of Seller will at all times remain with Seller. Seller shall at all times be the owner of record of such Inventory or other materials and shall be solely responsible for any matters arising from or relating to such Inventory or other materials.
Customized Services. If any customized services will be provided to Seller by Honcho Wholesale, the Parties shall document such customized services in a mutually agreed upon, signed writing and the provision of such services will be subject to these Terms and Conditions.
Additional Seller Obligations.
Seller Cooperation. Seller shall: (a) respond promptly to any reasonable requests from Honcho Wholesale for information or approvals required by Honcho Wholesale in connection with the Marketplace Service; (b) cooperate with Honcho Wholesale in its performance of its obligations and the services detailed in these Terms and Conditions (including assisting with and cooperating during any Buyer dispute) and provide access to Seller's premises, employees, and contractors as required to enable Honcho Wholesale to provide such services; (c) take all steps necessary, including obtaining any required licenses or consents, to prevent Seller-caused delays in Honcho Wholesale's provision of any services related to the Marketplace Service and these Terms and Conditions.
Fees and Payment.
Fees. Subject to the terms of this Section, Seller shall pay the following fees to Honcho Wholesale for each sale of Inventory through the Marketplace Service: (a) a commission in the amount equal to 10% of the total sale price (exclusive of sales tax) of such Inventory; and (b) a payment processing fee in the amount equal to 2.9% of the total sale price (exclusive of sales tax) of such Inventory (collectively, the “Sale Transaction Fees”). The total “Sale Transaction Fee” calculates to 12.9% and will be deducted whether the payment is by credit card, wire transfer, cash, or any other alternative payment methods. In addition to the Sale Transaction Fees, Seller shall pay any other fees associated with each sale of Inventory that are paid by Honcho Wholesale on behalf of Seller and listed in these Terms and Conditions (if applicable) (collectively (including Sale Transaction Fees), the “Fees”. All Fees are non-refundable, even in the case of a dispute, and subject to change. Any changes to Fees will be effective on Seller at a reasonable date following notice of such change. The Fees are listed in the fee schedule provided by and updated from time to time by Honcho Wholesale. Contact Honcho Wholesale for the most up to date fee schedule.
Payment to Seller. Seller appoints Honcho Wholesale as its limited agent solely for the purpose of collecting payments from buyers for Inventory. Honcho Wholesale shall remit to Seller payment received by Honcho Wholesale from buyers who purchase Inventory on the Marketplace Service, less any Fees or other fees owed by Seller to Honcho Wholesale. Honcho Wholesale shall make payments to Seller twice a month (exact dates during each month to be determined by Honcho Wholesale at its sole discretion) and in US dollars by electronic transfer to the Seller’s PayPal or bank account on file with Honcho Wholesale. Seller is responsible for providing valid, current and accurate PayPal or bank account information to Honcho Wholesale and maintaining such account information. In the event that invalid, expired or inaccurate information is provided by the Seller, Honcho Wholesale is not responsible or liable for payments being sent to an incorrect account or any resulting delay in payment to Seller.
Taxes and Resale Certificates. Seller shall be responsible for all sales, use and excise taxes, and any other similar taxes, duties and charges of any kind imposed by any federal, state or local governmental entity on any amounts payable by Seller hereunder; provided that in no event shall Seller pay or be responsible for any taxes imposed on, or regarding, Honcho Wholesale's income, revenues, gross receipts, personnel, or real or personal property or other assets. Notwithstanding the foregoing, Honcho Wholesale will request a copy of the resale certificate for buyers using the Marketplace Service and will use commercial reasonable efforts to provide a copy of each relevant resale certificate to Seller.
Seller’s Account Balance. Seller shall maintain a positive account balance in connection with the Marketplace Service. Seller is required to provide and keep a valid credit card on file for its Marketplace Service account to cover any amounts owed to Honcho Wholesale and that are not covered by proceeds from a sale of Inventory on the Marketplace Service. Seller authorizes Honcho Wholesale to charge Seller’s credit card on file, or by any other authorized method if necessary, if Seller’s account balance becomes negative. All late payments will bear interest at the lesser of the rate of 1.5% per month or the highest rate permissible under applicable law, calculated daily and compounded monthly. During the first three months of Seller having a valid account for and using the Marketplace Service (or longer if necessary and as solely determined by Honcho Wholesale), Honcho Wholesale may withhold any amount of Seller’s account balance for a reasonable period of time until Seller’s purchased Inventory is delivered to and accepted by the respective buyer.
Buyer Disputes. Honcho Wholesale is solely responsible for managing and resolving any disputes relating to purchased Inventory filed by buyers on the Marketplace Service. Seller is responsible for any costs arising from any buyer disputes related to Inventory. Honcho Wholesale may withhold any amount of a Seller’s account balance until a buyer dispute is resolved. Seller agrees to cooperate with the dispute resolution process of Honcho Wholesale, including providing any requested information and responding to related requests in a timely manner, in accordance with Section 4.2.
Sales Data and Metrics. Honcho Wholesale shall provide to Seller through a dashboard in the Marketplace Service completed sales and other metrics, as solely determined by Honcho Wholesale, regarding Inventory listed and purchased through the Marketplace Service.
Relationship Managers . Each Party shall designate a primary contact to act as its authorized representative with respect to all matters pertaining to these Terms and Conditions (“Relationship Manager”), with such designation to remain in force unless and until a successor Relationship Manager is appointed by the respective Party.
Ownership of User Information. Seller retains ownership of any intellectual property rights that it holds in any files, materials, information, data, text or other user-uploaded content (“ User Information”) that it posts, uploads or transmits to or through the Marketplace Service. Seller represents and warrants that it has full rights to post, upload or transmit any and all User Information.
Responsibility for User Information. Given the nature of the Marketplace Service and the volume of information submitted, Honcho Wholesale cannot and does not monitor all User Information posted or transmitted by Seller and materials or information submitted by other users or third-parties via the Marketplace Service. Honcho Wholesale is not responsible or liable for User Information or other information submitted to the Marketplace Service for any reason.
Honcho Wholesale Data and Information. Honcho Wholesale shall exclusively own all information, metrics and data generated or tracked by the Marketplace Service as a result of Seller’s use of the Marketplace Service, and Seller acknowledges and agrees to such exclusive ownership by Honcho Wholesale. Honcho Wholesale may use such information for any purpose. Information contained in the Marketplace Service may contain errors. Honcho Wholesale may also make changes and improvements to the information provided in the Marketplace Service at any time. Honcho Wholesale is not responsible for any errors or delays caused by such errors or other technical problems beyond Honcho Wholesale's reasonable control.
Intellectual Property. Honcho Wholesale and its licensors reserve and retain all rights, title and interest, including all patent, copyright, trade secret, know-how, design rights, trademark, and other intellectual property rights, in and to the Marketplace Service and Application, and any changes, corrections, enhancements, updates and other modifications thereto. The Parties reserve the right to control and use their respective names, symbols, trademarks and service marks (“Marks”), and neither party shall use the other party’s Marks without such party’s prior written consent. Notwithstanding the foregoing, Honcho Wholesale may use and include Seller’s name and logo on its websites or applications and in marketing, promotional, case study or publicity materials created for the Marketplace Service or Honcho Wholesale, and Seller consents to such use of Seller’s name and logo. Any rights not expressly granted to a party herein are reserved by the other party or its third-party providers.
Confidentiality. Each Party undertakes that it shall not at any time use or disclose to any person (and shall use its best endeavors to prevent the use, publication or disclosure of) any information concerning the business, financial information, customers, price list, clients, suppliers, intellectual property, or other sensitive or proprietary information (whether orally or in writing) (“ Confidential Information”), except as permitted by this Section 10. Neither party shall use the other party's Confidential Information for any purpose other than to perform its obligations under the Agreement.
Each party may disclose the other party's Confidential Information: (i) to its employees, officers, representatives, subcontractors or advisers who need to know such information for the purposes of carrying out the party 's obligations under the Agreement, provided that such party shall ensure that its employees, officers, representatives, subcontractors or advisers to whom it discloses the other party 's Confidential Information comply with this Section 10; and (ii) as may be required by law, a court of competent jurisdiction or any governmental or regulatory authority.
Each party agrees and acknowledges that any breach or threatened breach of this Section 10 may cause irreparable injury to the disclosing party and that, in addition to any other remedies that may be available, in law, in equity or otherwise, the disclosing party shall be entitled to seek injunctive relief against the threatened breach of these Terms and Conditions or the continuation of any such breach by the receiving party, without the necessity of proving actual damages or posting any bond, in addition to any other rights or remedies provided by law.
Survival. Sections 10, 11, 14, 15, 17 through 27, and any right or obligation of the parties in these Terms and Conditions which, by its nature, should survive termination or expiration of these Terms and Conditions, will survive any such termination or expiration of these Terms and Conditions.
Force Majeure . Honcho Wholesale shall not be liable or responsible to Seller, nor be deemed to have defaulted or breached these Terms and Conditions, for any failure or delay in fulfilling or performing any term of these Terms and Conditions to the extent such failure or delay is caused by or results from acts or circumstances beyond the reasonable control of Honcho Wholesale including, without limitation, acts of God, flood, fire, earthquake, explosion, governmental actions, war, invasion or hostilities, terrorist threats or acts, civil unrest, national emergency, strikes or other labor disputes, or restraints or delays affecting carriers; provided that, if the event in question continues for a continuous period in excess of 30 days, Seller shall be entitled to give notice in writing to Honcho Wholesale to terminate these Terms and Conditions.
Compliance with Law. Each party shall comply with all laws, rules, regulations or other requirements imposed by any governmental body or entity that are applicable to the Inventory or performance of the services.
Representations and Warranties. Each party represents and warrants that (a) it has the full and unrestricted right, power and authority to enter into these Terms and Conditions; and (b) its performance of its obligations under these Terms and Conditions and provision of any and all information (including User Information, account information and Inventory listings) do not and will not violate any applicable law or regulation, separate agreement to which it is a party, or any third party’s intellectual property rights or other property rights. Seller represents and warrants that (i) it is lawfully in possession of the Inventory; (ii) has all necessary authority, rights and permissions to submit any User Information and grant the licenses described in these Terms and Conditions; (iii) Seller’s registration information and any User Information is truthful, accurate, current and complete; and (iv) Seller is not located in or listed on any U.S. Government list of prohibited or restricted parties and country.
Insurance . Seller shall, at its own expense, maintain and carry insurance in commercially reasonable amounts on its Inventory to protect against risk of loss and/or damage that includes, but is not limited to, commercial general liability in a sum no less than US$1,000,000.00 with financially sound and reputable insurers. Upon Honcho Wholesale's request, Seller shall provide Honcho Wholesale with a certificate of insurance from Seller's insurer evidencing the insurance coverage specified in these Terms and Conditions, and name Honcho Wholesale as additional insureds. Seller shall require its insurer to waive all rights of subrogation against Honcho Wholesale's insurers and Honcho Wholesale as it relates to Inventory. For clarity, Honcho Wholesale will not provide any insurance coverage for Inventory. The Parties agree that with respect to any loss which is covered by self-insurance, insurance then being carried by each party respectively, or required to be carried hereunder, the party self-insuring, carrying or required to carry such insurance and suffering said loss hereby releases the other party of or from any and all claims with respect to such loss.
No Guarantees. Honcho Wholesale does not guarantee or promise any specific results from using the Marketplace Service, including but not limited to certain profit margins, cost recovery or similar impacts to Seller’s business or inventory management.
Limitation of Liability.
EXCEPT FOR BREACH OF CONFIDENTIALITY (SECTION 10) AND EACH PARTY’S INDEMNIFICATION OBLIGATIONS (SECTION 18), IN NO EVENT SHALL EITHER PARTY NOR ANY OF ITS DIRECTORS, OFFICERS, EMPLOYEES OR AGENTS BE LIABLE TO THE OTHER PARTY OR TO ANY THIRD PARTY FOR ANY LOSS OF USE, REVENUE, OR PROFIT OR DIMINUTION IN VALUE, OR FOR ANY CONSEQUENTIAL, INCIDENTAL, INDIRECT, EXEMPLARY, SPECIAL, OR PUNITIVE DAMAGES WHETHER ARISING OUT OF BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE), OR OTHERWISE, IN CONNECTION WITH THE MARKETPLACE SERVICE OR THESE TERMS AND CONDITIONS REGARDLESS OF WHETHER SUCH DAMAGE WAS FORESEEABLE AND WHETHER OR NOT THE OTHER PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, AND NOTWITHSTANDING THE FAILURE OF ANY AGREED OR OTHER REMEDY OF ITS ESSENTIAL PURPOSE.
EXCEPT FOR BREACH OF CONFIDENTIALITY (SECTION 10) AND EACH PARTY’S INDEMNIFICATION OBLIGATIONS (SECTION 18), IN NO EVENT SHALL EITHER PARTY'S AGGREGATE LIABILITY ARISING OUT OF OR RELATED TO THE MARKETPLACE SERVICE OR THESE TERMS AND CONDITIONS, WHETHER ARISING OUT OF OR RELATED TO BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE), OR OTHERWISE, EXCEED THE AGGREGATE AMOUNTS PAID BY SELLER OR PAYABLE TO HONCHO WHOLESALE IN THE 12-MONTH PERIOD PRECEDING THE EVENT GIVING RISE TO THE CLAIM.
Indemnification . Subject to the exceptions and limitations in this Section, each party (“Indemnifying Party”) shall indemnify and hold harmless the other party and its directors, officers, employees or agents (collectively, “Indemnified Party”) from and against any and all losses, damages, liability and expense (including, without limitation, reasonable attorneys’ fees and expenses in connection with any action, suit or proceeding) (“ Losses”) incurred or suffered by the Indemnified Party arising from a claim by a third party in connection with or arising out of Indemnifying Party’s breach of these Terms and Conditions (including its representations and warranties set forth in these Terms and Conditions), violation of law, or Indemnifying Party’s gross negligence or willful misconduct. Notwithstanding anything to the contrary in these Terms and Conditions, Indemnifying Party is not obligated to indemnify or hold harmless Indemnified Party against any claim (whether direct or indirect) if such claim or corresponding Losses arise out of or result from, in whole or in part, Indemnified Party’s gross negligence recklessness or willful act or omission or use of the Marketplace Service or Application in any manner not authorized under these Terms and Conditions. Furthermore, Seller shall indemnify and hold Honcho Wholesale and its Indemnified Party harmless from and against any all Losses incurred or suffered by Honcho Wholesale arising from a claim by a third party in connection with or arising out of any product liability claims related to the Inventory (including personal injury, death or damage to property caused by or in connection with any Inventory or its packaging).
Notices . We may provide any notice to you under these Terms and Conditions by (i) sending a message to the email address you provide or (ii) by posting to the website or Application. To give us notice under these Terms and Conditions, you must contact us at firstname.lastname@example.org or by registered or certified mail to 1919 N Springfield Ave 2-12 Chicago, IL 60647. Notices sent by email will be effective when we send the email and notices we provide by posting will be effective upon posting or the posted effective date. Notices provided by registered or certified mail will be effective three business days after they are sent.
Assignment . Seller shall not assign, transfer or delegate any of its rights or delegate any of its obligations under these Terms and Conditions without the prior written consent of Honcho Wholesale. Any purported assignment or delegation in violation of this Section will be null and void. No assignment or delegation will relieve you of any of its obligations under these Terms and Conditions. Honcho Wholesale may assign any of its rights to any affiliate or to any entity acquiring all or substantially all of its assets without your consent, provided that Honcho Wholesale promptly notify you of such assignment. These Terms and Conditions are binding on and inure to the benefit of the parties to these Terms and Conditions and their respective permitted successors and permitted assigns.
Binding Arbitration. The parties agree that any dispute, claim or controversy arising out of or relating to these Terms and Conditions or the existence, breach, termination, enforcement, interpretation or validity thereof, or the Seller’s access to or use of the Marketplace Service at any time will be settled by binding arbitration between Seller and Honcho Wholesale, and not in a court of law. Seller acknowledges and agrees that Seller and Honcho Wholesale are each waiving the right to a trial by jury or to participate as a plaintiff or class member in any purported class action or representative proceeding. Seller and Honcho Wholesale each retain the right to seek injunctive or other equitable relief in a court of competent jurisdiction to prevent the actual or threatened infringement, misappropriation or violation of a Party’s copyrights, trademarks, trade secrets, patents or other intellectual property rights. The award rendered by the arbitrator will be final, non-reviewable, and non-appealable and binding on the Parties and may be entered and enforced in any court having jurisdiction.
Arbitration Rules. The arbitration will be administered by the American Arbitration Association (“AAA”) in accordance with the AAA’s Commercial Arbitration Rules and Mediation Procedures (the “AAA Rules”) then in effect. There will be one arbitrator agreed to by the Parties within 20 days of receipt by respondent of the request for arbitration or in default thereof appointed by the AAA in accordance with the AAA Rules.
Governing Rules and Law. You agree that: (i) the Marketplace Services shall be deemed solely based in Illinois; and (ii) the Marketplace Services shall be deemed a passive one that does not give rise to personal jurisdiction over us, either specific or general, in jurisdictions other than Illinois. These Terms and Conditions shall be governed by the internal substantive laws of the State of Illinois, without respect to its conflict of laws principles. You agree to submit to the personal jurisdiction of the federal and state courts located in Cook County, Illinois for any actions for which we retain the right to seek injunctive or other equitable relief in a court of competent jurisdiction to prevent the actual or threatened infringement, misappropriation or violation of a our copyrights, trademarks, trade secrets, patents, or other intellectual property or proprietary rights, as set forth in the Arbitration provision below, including any provisional relief required to prevent irreparable harm. You agree that Cook County, Illinois is the proper forum for any appeals of an arbitration award or for trial court proceedings in the event that the arbitration provision below is found to be unenforceable.
Relationship of the Parties. These Terms and Conditions do not create, and nothing contained in these Terms and Conditions will be construed as creating any agency, partnership, joint venture or other form of joint enterprise, employment or fiduciary relationship between the parties, and neither party shall have authority to contract for or bind the other party in any manner whatsoever.
No Third-Party Beneficiaries . These Terms and Conditions solely benefit the parties to these Terms and Conditions, and nothing in these Terms and Conditions, express or implied, confers on any other person or entity any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of these Terms and Conditions.
Severability . If any term or provision of these Terms and Conditions is found by a court of competent jurisdiction to be invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability will not affect any other term or provision of these Terms and Conditions or invalidate or render unenforceable such term or provision in any other jurisdiction.
Amendments . No amendment to or modification of these Terms and Conditions is effective unless it is in writing and signed by an authorized representative of each party.
Waiver . No waiver by any party of any of the provisions of these Terms and Conditions will be effective unless explicitly set forth in writing and signed by the party so waiving. Except as otherwise set forth in these Terms and Conditions, no failure to exercise, or delay in exercising, any right, remedy, power or privilege arising from these Terms and Conditions will operate or be construed as a waiver thereof, nor will any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.
Entire Agreement . These Terms and Conditions, including and together with any related schedules, attachments and appendices, constitutes the sole and entire agreement of the Parties with respect to the subject matter contained herein, and supersedes all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral, regarding such subject matter.