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Terms and Conditions

DIAMOND CITY BUSINESS MODEL

This instrument hereafter referred to as the agreement executed between Applicant and DIAMOND CITY GROUP LTD. The Company is engaged in the business of Real Estate through networking and in other business activities as stated in the object clauses of Memorandum and Articles of Association of the Company. The Company authorises SUBSCRIBERS across the country for marketing and sale of its Products call TEAM. An individual intended to become SUBSCRIBERS can apply for the same in prescribed online membership form of the Company. There is a non-refundable fee or charge for becoming a SUBSCRIBER of the Company. The applicant must be 18 years of age or above. The Company exclusively uses its website to display the details of the products, marketing methods and business monitoring. It also uses verbal publicity to promote its business. For smooth running, simplifying, keeping transparent, prevention of fraudulent practices and betterment of the business of TEAM, the Company has framed certain rules and regulations, marketing plan, terms and conditions etc.

WHEREAS the applicant has gone through the Company's official website and read printed documents, brochures including stipulated terms and conditions for becoming SUBSCRIBERS. The Company and SUBSCRIBER have clearly understood and agreed to abide by the terms and conditions as laid down herein at the time of agreement.

NOW THIS AGREEMENT OF TEAM WITNESSES AS FOLLOWS:
  1. DEFINITIONS:

      The following words used in these agreement shall have the meaning as defined hereunder: -

    • TEAM: Means Together Everyone Achieves More. This is a special business model of Diamond City Group Limited, a real estate and property Development Company in Abuja Nigeria with RC number 1674580 and office located at No 4 Patrick O. Bokkor Crescent, Jabi Abuja.
    • SUBSCRIBERS: Means a person authorised, directly or indirectly, by Diamond City Group Limited through a legally enforceable written contract to subscribe into an online DIAMOND CITY TEAM BUSINESS MODEL.
    • REFERENCE ID: Means the link issued by the DIAMOND CITY to the SUBSCRIBERS as token of acceptance for TEAM.
    • Password: Means unique password awarded to each SUBSCRIBERS to allow him to log on to the website of the Company.
    • Website: Means the official website of the Company i.e. www.diamondcities.org
  2. THE AUTHORISATION OF SUBSCRIBERS SELLER AND UNDERSTANDING:
    • After submitting the online membership form to the Company by the applicant, the Company upon scrutiny and verification of the details submitted by the applicant in the online membership form may register as "SUBSCRIBERS" and authorise him to subscribe into DIAMOND CITY TEAM BUSINESS PLAN. The Company exclusive reserves the right to accept or reject or decline the application at its discretion without assigning any reason whatsoever.
    • The SUBSCRIBERS shall enjoy the following privileges: -
      1. Incentive for effecting subscription.
      2. No territorial restriction to DIAMOND CITY TEAM BUSINESS products and services.
      3. Search and inspect his/her account on website of the Company through I.D. and password.
      4. Incentive of the SUBSCRIBERS shall be in proportion to the Business Volume of the SUBSCRIBERS either by his personal efforts or through team as stipulated in the marketing plan of DIAMOND CITY.
      5. SUBSCRIBERS shall be entitled to a Business Cycle of 24 months from the date of execution of Agreement between SUBSCRIBERS and DIAMOND CITY.
      6. SUBSCRIBERS has the option of Buy back with 30 days’ notice terms and condition apply.
    • An individual, upon signing up online membership form shall be deemed to have accepted the terms and conditions stipulated herein. Upon registration after scrutiny of the details submitted by applicant in online membership form, he shall become a SUBSCRIBERS of DIAMOND CITY TEAM PRODUCT. Creation of ID and password shall be construed as registration by the SUBSCRIBERS.
  3. The applicant hereby covenants that as under: -
    • That he has clearly understood the marketing methods/plan, the compensation plan, its limitations and conditions. He/She agrees that he/she is not i.relying upon any misrepresentation or fraudulent inducement or assurance that is not set out in terms and conditions or other officially printed or published materials of the Company.
    • Relation between the Company and the SUBSCRIBERS shall be governed, in addition to this agreement, by the rules and procedure mentioned in the marketing plan available on website. The SUBSCRIBERS further confirms that he/she has read and understood guidelines and terms & conditions carefully and agrees to be bound by them.
    • SUBSCRIBER shall act as freelancer. He shall not commit any misfeasance or malfeasance to create any liability/obligation on the Company of whatsoever nature.
    • SUBSCRIBERS shall be responsible for paying all taxes whether direct or indirect taxes upon withdrawal. All legal, statutory, financial and other obligations associated with SUBSCRIBERS business shall be the sole responsibility of SUBSCRIBERS.
    • It is made and understood in very clear terms that SUBSCRIBERS is not an agent, employee, an authorised representative of the Company or its service provider and shall not be entitled to any employee's benefits. He/She is not authorised to receive/accept any amount/payment for and on behalf of the Company. Any payment/amount received by him/her will not be deemed to be received by the Company and the Company shall take necessary action against such SUBSCRIBERS.
    • SUBSCRIBERS shall keep proper book of account stated in his/her back office.
    • SUBSCRIBERS hereby declare that all the information furnished by him to the Company are true and correct to his/her best of knowledge and nothing is concealed. Company reserves the right to take any action against the SUBSCRIBERS in the event of it is discovered that the SUBSCRIBERS furnished any wrong/false information to the Company’s lead to forfeiture of the subscription rights.
  4. GENERAL TERMS:
    • SUBSCRIBERS are required to visit their back office on the Company's official website from time to time.
    • SUBSCRIBERS shall use his/her best efforts to promote TEAM and maximize them. SUBSCRIBERS shall also provide reasonable assistance to Company in promotional activities.
    • The SUBSCRIBERS will be eligible for COMMISSION as per business volume of sale of products and services done by him/her subject to the eligibility of norms formulated by the Company from time to time according to marketing plan and not in any other form/manner is payable/given.
    • iv.Reference ID has to be quoted by the SUBSCRIBERS for all his/her transactions and correspondence with the Company. The Reference ID once chosen cannot be altered at any point of time.
    • No communication will be entertained without Reference ID and password. SUBSCRIBERS shall preserve the ID and password properly as it is "must" for logging on website.
    • Commission and Profits to the SUBSCRIBERS shall be subject to statutory deductions under income tax and other acts as applicable from time to time.
    • The Company reserves right to withheld/block/suspend I.D. of the SUBSCRIBERS in the event of the SUBSCRIBERS fails to provide any detail as desired by the Company from time to time.
    • SUBSCRIBERS undertakes to adhere to policies, procedures, guidelines and rules & regulations formed by the Company.
    • The SUBSCRIBERS shall be faithful to the Company and uphold the integrity and decorum of the Company and shall maintain good relations to other SUBSCRIBERS and his/her clients.
    • Company reserves the right to modify the terms and conditions, Products, Marketing Plan, Business and other policies at any time without any prior notice. Modification shall be published through the official website of the Company or any other mode as Company may deem fit and proper and such modification/ alteration and amendments made by the Government from time to time, shall be applicable and binding upon the SUBSCRIBERS from the date of such modification/alteration.
    • xi.If any SUBSCRIBERS loses his contractual capacity due to any reason or in case of death of SUBSCRIBERS either his nominee or one of the legal heir with consent in writing of all the legal heirs, may join the Company as SUBSCRIBERS in place of incapable or the deceased provided he executes written agreement and undertakes to abide by all rules and regulations and terms & conditions etc. in the same manner as that in case of original SUBSCRIBERS. In case of failure to arrive at such consent within six months from the incapability or death of the SUBSCRIBERS, the Company shall be at liberty to terminate the Reference I.D. and for this period the Company will keep his Reference ID in abeyance.
    • SUBSCRIBERS shall be abided by all statutory, central, state and local body laws, rules and regulations and guidelines in operation of Company's business. SUBSCRIBERS shall not engage in any deceptive or unlawful trade practices as defined under different statutes.
    • SUBSCRIBERS shall not manipulate the Company's marketing plan, products and services, rate, etc. in any way.
    • SUBSCRIBERS shall not send, transmit or otherwise communicate any message to anybody on behalf of the Company without any authority from the Company.
    • SUBSCRIBERS or any other person under him is strictly prohibited to use promotional material, other than the developed and authorised by the company.
    • xvi.SUBSCRIBERS shall not use the design anywhere without written permission of the Company and the said permission can be withdrawn at any time by the Company.
    • SUBSCRIBERS shall be self-responsible for all arrangements, expenses and permissions from Government and local bodies for conducting meetings or seminars.
    • SUBSCRIBERS shall bear the cost and expenses of conducting its business in accordance with these terms and conditions. The Company will not entertain any reimbursement on any expense made by the SUBSCRIBERS other than sales incentive earned by the SUBSCRIBERS as per the marketing plan.
  5. PROHIBITIONS/ RESTRICTIONS:
    • The subscribers hereby undertakes not to compel or induce or mislead any person with any false statement or promise from the Company or to become SUBSCRIBERS of the Company.
  6. DUTY AND CONFIDENTIALITY:
    • SUBSCRIBERS shall keep and maintain secrecy and confidentiality and shall not disclose the secret information to anybody.
  7. SPECIAL CONDITIONS:
  8. Notwithstanding anything stated or provided herein, the Company shall have all powers and discretion to modify, alter or vary the terms and conditions in any manner or mode as the Company deems fit and proper and shall be communicated through official website. If any SUBSCRIBERS does not agree to such modifications/ alterations, he may terminate his agreement within 30 days of such publication by giving a written notice to the Company. Without any objection to such modifications/alterations, if SUBSCRIBERS continues his/her business activities, it will be deemed that he/she has accepted all modifications/alterations for future.
  9. TERMINATION:

    Company may terminate this agreement on ground of any reason which shall not be limited to the following: -

    • On non-compliance with the provisions of the marketing plan and discipline of the Company.
    • For reason of non-performance with the business activities of the Company.
    • For any unethical or prejudicial work to the interest of the Company.
    • For breach of any term and condition of this agreement and marketing plan.
    • In case information given by subscriber’s is found to be misleading/wrong/false.
    • If he/she is found to be convicted on any offence punishable under law for the time being in force.
    • g.If he/she is declared bankrupt/insolvent.
    • If he/she is not mentally sound or physically fit to handle the business.

    The SUBSCRIBERS may terminate this agreement at any time by giving written notice to the Company.

    Termination of a SUBSCRIBERS means termination of.

    • All rights and entitlements as SUBSCRIBERS of Company.
    • ii.Personal information given on website
    • Identification as SUBSCRIBERS of Company
    • Right to go at any Company's office and attend Company's meetings/seminars.

    All the Company's trademarks, trade names, data, photographs, literature, sales aids and all kinds of customer related database and any other information generated shall always remain the property of Company. Within five (5) days after the termination of SUBSCRIBERS, he/she shall return all such items to Company. SUBSCRIBERS shall not make or retain copies of any confidential item or information that may have been entrusted to him/her and upon the termination of the SUBSCRIBERS, he/she shall cease to use all trademarks and trade names of Company.

  10. RENEWAL / AGREEMENT PERIOD:

    SUBSCRIBERS authorisation shall continue till the end of twenty four months from the date of acceptance of application by Company. To continue the authorisation as subscribers of Company, the SUBSCRIBERS shall have to renew his/her authorisation on or before the last date of expiry of twenty four months. In case of failure in submission of renewal application within stipulated period, the authorisation shall be ceased automatically.

    The automated notice for Renewal shall be sent to the subscriber’s at expiration of the business cycle of the current business plan. Renewal application is available on Company's website in personal information. SUBSCRIBERS has to apply for renewal through his/her login.

    Company reserves the right to refuse any renewal request and can revoke agreement if, in Company's opinion, the activities of the SUBSCRIBERS are not in the interest of Company or the SUBSCRIBERS has failed to comply with the rules, procedures, guidelines, terms & conditions etc. during the twenty four proceeding months.

    The agreement will automatically come to an end in case of non-compliance of renewal formalities.

  11. FORCE MAJEURE:

    The Company shall not be liable for any failure to perform its obligations where such failure has resulted due to acts of nature (including fire, flood, earthquake, storm, hurricane or other natural disaster), war, invasion, act of foreign enemies, hostilities (whether war is declared or not), civil war, rebellion, revolution, insurrection, military or usurped power or confiscation, terrorist activities, nationalization, Government sanction, blockage, embargo, labour dispute, strike, lockout or interruption or failure of electricity, any type of redirection by Government etc.

  12. DISPUTE SETTLEMENT AND ARBITRATION:
    • If any dispute or difference arises out of or in relation to this agreement including any question regarding its existence, validity, termination or terms and conditions, the company and subscribers shall endeavour to settle through mutual discussions within 30 days of such dispute arising. In case of dispute or difference is not mutually settled within period, it shall be referred to Grievance Redressal Committee of the Company. If subscribers is not satisfied with the decision of Grievance Redressal Committee and dispute or difference is remaining unsolved, the same shall be referred to sole Arbitrator appointed by the Company in accordance with the provisions of Arbitration and conciliation Act from time to time. The decision of Arbitrator will be final and shall have binding effect on the both parties to the agreement.
    • The terms and conditions stipulated in the forgoing paragraphs shall be governed in accordance with the law for the time being in force in Nigeria. Disputes, either civil or criminal in nature, shall be subject to the exclusive jurisdiction of the court.