Vendor Agreement

Governing Vendor Participation on the LQTTA Marketplace Platform

This Vendor Agreement governs participation of vendors on the LQTTA digital marketplace platform. By creating an account and electronically accepting this Agreement, the Vendor agrees to be legally bound by the terms below.

LQTTA operates exclusively as a digital marketplace technology platform and limited commercial collection agent. LQTTA is not a retailer, reseller, distributor, manufacturer, payment service provider, money transmitter, escrow agent, or financial institution.

1. Platform Role

The sales contract is formed directly between Vendor and Customer. Vendor remains the seller of record for all products and services listed on the Platform.

2. Payment Processing

All payments are processed through licensed third-party payment service providers. Vendor authorizes LQTTA to receive payments solely as a limited commercial collection agent. Receipt of funds by LQTTA constitutes receipt by Vendor.

LQTTA does not hold funds as trustee, fiduciary, deposit-taking institution, or regulated financial intermediary.

3. Commission

Platform commission is 2% of the gross transaction value unless otherwise agreed in writing. LQTTA reserves the right to modify commission rates upon notice.

4. Payout Terms

Vendor earnings become eligible for payout seven (7) days after confirmed delivery. Payouts are subject to fraud screening, dispute review, chargeback exposure, and compliance verification. LQTTA may delay or temporarily withhold payouts where reasonably necessary to mitigate financial or regulatory risks.

5. Vendor Responsibilities

Maintain a valid UAE trade license
Comply with UAE commercial and consumer protection laws
Provide accurate product descriptions and pricing
Ensure lawful sourcing of products
Fulfill orders in a timely manner
Handle warranties and after-sales obligations
Maintain tax compliance

6. Chargebacks and Financial Liability

Vendor remains financially responsible for refunds, chargebacks, payment reversals, customer disputes, and regulatory penalties related to Vendor products. LQTTA may deduct such amounts from pending or future payouts.

7. No Financial Services Representation

LQTTA does not provide regulated financial services, issue electronic money, operate wallets, or offer deposit services. LQTTA does not guarantee Vendor performance or sales volume.

8. Compliance and AML

Vendor agrees to provide documentation required for identity verification and compliance review. LQTTA may monitor transactions and suspend accounts upon suspected illegal activity.

9. Electronic Acceptance and Legal Validity

By electronically accepting this Agreement, the Vendor confirms that it has full legal authority to bind its business entity. Electronic acceptance constitutes a legally binding signature.

LQTTA may retain electronic records of acceptance, including timestamp, IP address, account identifier, and related metadata, as evidence of agreement.

10. Governing Law

This Agreement shall be governed by the laws of the United Arab Emirates. Disputes shall fall under the exclusive jurisdiction of UAE Courts.