Rewards

RED DOT REWARDS TERMS & CONDITIONS

Introduction

Red Dot Distribution is constantly looking to add value to you our customers through various customer centric projects such as the Red Dots Channel Rewards Program. It is designed to make your experience more enriching. Earn Red Dots (the “Points) on every purchase. You will start earning points once you subscribe to Red Dots Rewards Program.

Benefits of the Red Dots Channel Rewards Program

Earn Reward Points after every $1000 purchase you make.
Earn 250 Reward Points on initial subscription to Red Dot Reward Program.
Points are redeemed by choosing from an exclusive Rewards Catalogue available in the Partner Portal.

Restrictions

Accrued Points means points or Red Dots that are earned on purchase of goods from the Company. These cannot yet be redeemed as they are not yet Confirmed Points.
Confirmed Points means that the Accrued Points or Red Dots may be used to purchase goods in the Redeem Catalogue because the invoices have been paid in line with the payment terms provided. This term also refers to all points that have been accrued and paid on time in the history of the Partner's enrolment in the Program.
Expired Points means the Redeemable Points or Red Dots that can no longer be used due to the passing of a period of time.
Lost Points means Accrued Points or Red Dots that can no longer be redeemed because of a failure to abide by payment terms on which the Accrued Points were granted.
Redeemable Points means the Confirmed Points or Red Dots that are available at that point in time that have not yet expired.
Redeemed Points means the Redeemable Points or Red Dots that have been spent in the Redeem Catalogue.

This Conditions are as follows

The Applicant agrees that completing this form is not a guarantee that Red Dot Distribution Limited (the "Company") will approve the application for credit facilities.
The Applicant agrees that if any credit terms are provided by the Company, then these credit terms are only valid for one (1) year, after which a renewal of the credit limit along with resubmitting necessary documentation will be, by default, required.
The Applicant agrees that all invoices issued to their business will be made in United States Dollars (USD) and will be either paid in USD or the equivalent local currency value at the selling rate of a Bureau de Change (or Bank Treasury Department) preferred by the Company.

Terms of credit are strictly as approved, and all accounts must be paid before the end of the credit days for each invoice. It is the responsibility of the Applicant to ensure receipt of invoice, delivery note and/or statements or any document relating to any purchases made by him/her/the Applicant. Payments should be made to the Company as per the approved payment method.

The risk of the products purchased by the Applicant (the "Goods") shall pass to the Applicant at the earliest of delivery or collection of the Goods, but the Goods shall remain the sole and absolute property of the Company as legal and equitable owner until payment of the purchase price in full. The Applicant acknowledges that possession by it of the Goods will be solely as bailee for the Company until payment of the purchase price in full. The Company shall have the right in case of any payment default to enter the premises of the Applicant and remove any Goods which is still unpaid for in full.

The Applicant will indemnify and keep the Company fully and effectively indemnified from and against any loss suffered or incurred by the Company arising out of the provision of credit facilities to the Applicant.

If goods acquired on credit are not paid for, then the Company has the option to impound the Goods. However, the Goods given to the Applicant are the responsibility of the Applicant and if damaged or stolen while in the Applicant's possession, the Applicant shall be responsible for their damage or loss. Hence all goods purchased from the Company must be fully insured by the Applicant for this purpose.

Interest at the rate of 2.5% per month will be charged on all overdue accounts (at the discretion of the Company).

The Applicant agrees to any inverse of prices due to fluctuations in the exchange rates or for any other reason which is beyond control of the Company on parts or equipment which are in the Company's possession and which have not been paid for yet.

Discounts given at time of purchase will be forfeited if payment is not received before the due date.

No discounts will be granted whilst an account is on hold.

If the credit limit has been reached and/or is surpassed, then the balance beyond the credit limit will be paid in cash.

Any dispute regarding accounts and/or concerning Goods sold or services rendered will not be accepted unless received by the Company in writing by registered letter within 30 days of the date of invoice.

A good faith attempt to resolve any disputes or claims that arise from these terms and conditions against the Company or the Applicant through mediation must be made within thirty (30) days' notice of a dispute or claim, failing which, both parties shall refer the dispute to arbitration.

Where arbitration is triggered, unless otherwise agreed, the arbitration shall be referred to and resolved under the rules of arbitration of the DIFC - LCIA Arbitration Centre. The number of arbitrators shall be three, the seat of arbitration shall be Dubai and the language in the proceedings shall be English.

The Applicant warrants that the information given in this application form is true and complete and authorizes the Company to make any enquires necessary in connection with this application.

The Applicant confirms that he or she has authorized the Company to share the Applicant's credit information/access the Applicant's credit profile and those of the Directors/Guarantors for credit appraisal with licensed Credit Reference Bureaus (CRBs).

The Applicant releases the CRB and the Company and its officers, employees and agents from all claims, actions or proceedings of whatsoever nature and howsoever arising, suffered or incurred in connection with this sharing and access for the purpose afore stated.

By signing below, the Applicant on behalf of the company/organization seeking credit, guarantees to make payments for all purchases made from the Company, as per the terms finally approved by the Company in writing.

Unless otherwise explicitly agreed by both parties in writing, where an invoice is issued, the only applicable terms and conditions are contained therein. Where there is a conflict between these standard terms and conditions and the terms offered on the final invoice, the terms offered on the final invoice shall prevail.

The Applicant understands the Company also reserves the right to revoke or put on hold any/all credit without any prior notice and without reason.

The Applicant also understands that all approvals/rejections with respect to a credit application are at the sole discretion of the Company.

No failure to exercise and no delay in exercising on the part of the Company any right, power or privilege hereunder shall operate as a waiver of such right, power or privilege.

Neither party will be liable for performance delays nor for non-performance due to causes beyond its reasonable control, except for payment obligations owed to the Company.

The Company shall be relieved of liability for any loss or damage if and to the extent that such loss or damage is caused by an event including but not limited to strike, lockout, stoppage or restraint of labour of which the Company is unable to avoid by the exercise of reasonable diligence.

The Company's liability howsoever arising and notwithstanding that the cause of loss or damage be unexplained, shall in case of claims for loss or damage to cargo and other claims not exceed the value of the cargo lost or damaged. The value of the cargo refers to the cost price of the Goods.

Either party may change their address, bank details, contact information or any other particulars by serving written notice to the other party within 14 days of such change.

All notices and other communications shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by email and where sent by email, it must be acknowledged to be considered served.

The Company reserves the right to claim legal costs in addition to any overdues incurred in pursuit of remedies for breach of this Agreement.

The Company reserves the right to vary any of the terms and conditions governing the credit offered to the Applicant by giving two weeks' notice and where there is no objection, the new terms and conditions shall take effect immediately thereafter.

These terms and conditions will apply until all outstanding payments owed to the Company by the Applicant have been settled even where the credit facility has been withdrawn.

These terms and conditions constitute the entire Agreement between the parties with respect to the subject matter hereof and supersedes all other prior agreements and understandings, both written and oral, between the parties. Any amendments to these terms and conditions must be with express mutual consent and contained in writing, signed and witnessed by both parties.

Any of the terms and conditions or part thereof that are held to be invalid, void or illegal shall in no way affect, impair or invalidate any other term and condition and the other terms and conditions shall remain in full force and effect.

Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned, in whole or in part, by operation of law or otherwise by the Applicant without the prior written consent of the Company. Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties and their respective successors and assigns.

By completing, signing and submitting this form, I/we and my company/organization has understood and agree to all terms and conditions guiding this credit facility.

Restrictions

This Conditions are as follows

Terms & Conditions Apply | © Red Dot Distribution Limited. All Rights Reserved.

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