This Admin Agreement (“Agreement”) is made and entered into as of 01- 01- 2022, by and between.
Westcombe Technologies Ltd as Bano Live. (Reg #11578662), operating from UK,
Authorized representative of the company to execute this Agreement (hereinafter referred as (“WCTL”, which expression shall mean and include its successors-in-interest and permitted assigns) of the FIRST PART.
[Insert Name of Talent Recruiter] ,-------------------- of CNIC resident of, ----------------------------
which shall include his legal heirs, successors and assigns (hereinafter referred as “Talent Recruiter”, which expression shall mean and include its successors-ininterest, legal heirs and permitted assigns), of the SECOND PART. WHEREAS
NOW, THEREFORE, on the basis of representative and warranties, consideration, and mutual covenant contained herein, with the intent to be legally bound, the parties, hereby covenant and agree as follows:
Some specific terms used in this Agreement, not specifically defined in the body of Agreement, shall have the following meanings:
|means this Agreement and all provisions contained herein. and any Exhibits/schedules attached thereto signed and efective between the parties, which shall be treated as an integral document to this Agreement.
|means Bano live in-app purchase units (purchased by the End-Users to be used within the Bano live App).
|Means any other Live Streaming App/platform of substantially identical or any similar model including but not limited to the likeness (e.g., Mico, Uplive, BIGO etc.) and/or any other future application.
|Company / WCTL
|Westcombe Technologies Ltd as Bano Live.
|shall mean a calendar day of 24 hours
|means any confidential, trade secret, know-how or other intellectual
proprietary information and know-how, disclosed by one party to the
other under this Agreement or which may be obtained directly or
indirectly by one Party hereto from the other Party hereto, whether in
writing or in electronic format, or pursuant to discussions held between
the Parties, or which is marked confidential or if disclosed orally,
expressed to be confidential at the time of disclosure, and subseuuently
confirmed as confidential in writing to the other party, or which can be
obtained by examination, testing, visual inspection or analyses,
without limitation terms of this Agreement, Intellectual Property,
and documentation, technical information, software, applications,
business information or other materials of a confidential nature except
any information that:
|means online live streaming session of the talents on Bano live App by logging in from their respective IDs allotted by Bano live
|Bano live or Bano live App
|means the cellular application of the Company which any user will use as per defined terms and conditions.
|means the employee(s) streamer(s) recruited by the Talent Recruiter for his/her Talent Recruitment Firm.
|means the in-app conversion of Coins into Beans.
|means Bano live in-app gifted unit (post gifting)
|means 60 minutes as per the systematic calculations within Bano live App.
|Intellectual Property Right(s)
|means any patent, petty patent, copyright, design right, community design right, registered design, rights in knowhow, or any similar right in any part of the world and shall include any applications for the registration of any patents or registered designs or similar rights capable of registration in any part of the world.
|mean English Calendar month.
|means payment received by the Talent Recruitment Firm or talents of TalentRecruitment Firm in return of their services.
|means head hunting services including but not limited to persuading Talent recruiter(s) and/or Talent(s) working with and/or Talents streaming on other Competitor platforms other to join Bano live.
|means the Talent Recruitment Firm opened upon submission of security depositamounting to USD 300$/−.
|means Party of the Second Part specified in the title of thisAgreement.
|Talent Recruitment Firm
|means a talent recruiters firm registered with Bano live inaccordance with Section 2 below.
|means any day in which the talent completes at least 1 hour of continuous streaming session from his/her respective ID on the Bano live App.
|means the end product and/or the content produced and developed by the Talent Recruiter through its Talents or otherwise in the performance of this Agreement.
Bano live haired admin.
Admin Responsibilties targets requirmints
|Salary in USD
Must be add 50 Agencies and Targets
|Salary in USD
Must be add 100 active agencies and targets.
|Salary in USD
Must be add 200 active agencies and targets.
|Salary in USD
2.1.This Agreement shall come into efective the upon the generation of the firm code as provided for under Clause 3.3 (“Efective Date”) and shall continue in full force and efect, unless earlier terminated as per Section (xx) of this Agreement.
Bano live Admin shall be eligible to register for Bano live as a Admin Firm subject to, and conditional upon, the provision and clearance of the following documents:
Upon submission of the required documents, must be a point Agent shall choose to appoint themselves for either a Probation Agent Firm (with security deposit of an or a Standard Agent Firm (with security deposit of an amount of USD 300$).new for agency .(apply fee)The security deposit shall be deposited by the Talent Recruiter in the bank account provided by the WCTL. The Security deposit shall be refundable, at the time of termination of contract, pending any clearance from Lt, subject to any set-of, deductions and counterclaim.
Admin Recruitment Firm Code:
After submission and clearance of the reuuisite documents, the Admin Recruitment Firm code shall be generated for Talent Recruiter and communicated to the Agent within 3 working days.
Number of Active Agencies:
It shall be mandatory for Admin Recruitment Firm to have at least 25 active agencies. If the AdminRecruitment Firm fails to maintain at least 25 active agencie. by the end of the 3rd month of its registration, the admin Recruitment Firm shall not be eligible for a share in rewards, hence the Agent shall only be eligible for basic pay, as per the applicable thresholds.
NOTE: Policy 25 hired agencies in bano live app.
Talent Recruiter shall be eligible to register for Bano live as a Talent Recruitment Firm subject to, and conditional upon, the provision and clearance of the following documents:
Upon submission of the reuuired documents, Talent Recruiter shall choose to appoint themselves for either a Probation Talent Recruitment Firm or a Standard Talent Recruitment Firm (with security deposit of an amount of USD 300$). (apply fee)The security deposit shall be deposited by the Talent Recruiter in the bank account provided by the WCTL. The Security deposit shall be refundable, at the time of termination of contract, pending any clearance from Lt, subject to any set-of, deductions and counterclaim.Talent Recruitment Firm Code:
After submission and clearance of the reuuisite documents, the Talent Recruitment Firm code shall be generated for Talent Recruiter and communicated to the Talent Recruiter within 3 working days.Number of Active Talents:
It shall be mandatory for Standard Talent Recruitment Firm to have at least 10 active Talents. If the Talent Recruitment Firm fails to maintain at least 10 active talents by the end of the 3rd month of its registration, the Talent Recruitment Firm shall not be eligible for a share in rewards, hence the Talent Recruiter shall only be eligible for basic pay, as per the applicable thresholds.
The Talent Recruiter’s income and reward(s) shall consist of 2 categories:
Subject to all talents streaming for 25 hours, all the categories of rewards shall be given as per the following terms:
|Talent Requirement 25+ hours of online streaming and 10 active host any month
|Reward per talent In PKR
|Streaming+15 talent share on social media day
The Talent Recruitment Firm shall be eligible for a reward of 20% of coins earnings of each of its Talent every month, as a commission, present in Talent Recruiter’s portal. Requirements of eligibility are explained in the table below:
|Commission per talent (based on earnings) (In usd)
|Talents share on social media/day
The Talents working for the Talent Recruiter shall be eligible for reward, provided that he/she has 25+ hours and 10+ valid days of streaming in a month.