Scope of Platform (Intermediary Clause): Explicitly state that www.mylocalbazaar.in provides a technology platform connecting local buyers and sellers. You are not a party to the actual sale contract between vendor and buyer.
- Direct Payment & Taxation Disclaimer: State that payments are currently settled directly between buyer and vendor (e.g., via vendor’s UPI, QR code, or direct bank transfer). The vendor is solely responsible for issuing tax invoices (GST), filing tax returns, and handling refunds.
- Unilateral Modification Right (Crucial for Future Pivot): Include a clause stating:
“My Local Bazaar reserves the right to revise platform fee structures, introduce commission rates, update payment gateway routing, and modify terms with 15–30 days prior written/email notice.”
- Product Authenticity & Liability: Vendors must guarantee they own or are authorized to sell the items, and they accept 100% legal and financial liability for defective products, fake goods, or copyright infringement.
- Indemnification Clause: Vendors agree to hold www.mylocalbazaar.in harmless against any legal claims, losses, or buyer disputes.
