SETUBUZZ PLATFORM TERMS AND CONDITIONS
Effective: 7 March 2026
1. INTRODUCTION AND SCOPE
1.1 Platform Description: SetuBuzz is a B2B digital marketplace for
sourcing, RFQ management, and supply chain collaboration. 1.2 Purpose: Legally binding master
agreement governing the platform relationship. 1.4 Binding Effect: Valid contract under Indian
Contract Act, 1872.
2. DEFINITIONS
"Agreement", "Confidential Information" (drawings, specs, CAD, RFQ),
"Content", "DPDP Act 2023", "GST", "Personal Data", "RFQ".
3. PLATFORM ROLE
Intermediary status. No ownership of goods. Not a party to sales
contracts between Users. No agency relationship.
4. ELIGIBILITY & KYC
Business entities only. Mandatory PAN, GST, and IEC. KYC involves
verification of Incorporation, PAN, and OVD documents.
5. ACCOUNT SECURITY
Users responsible for credentials and all activities. Prohibited
credential sharing or unauthorized third-party access.
6. DATA PROTECTION (DPDP ACT)
Compliance with DPDP Act 2023. Rights to access, correction, erasure,
and redressal for Data Principals.
7. USER CONDUCT
No false, malicious, libelous, or infringing content. No price-fixing,
bid-rigging, or platform circumvention.
8. RFQ & TRANSACTIONS
Buyers post RFQs; Suppliers provide quotations. Contracts formed
directly between parties without SetuBuzz liability.
9. CONFIDENTIALITY & IP
Mutual confidentiality for engineering data. IP owned by relevant
parties (User content vs Platform assets).
10. FEES & TAXES
Subscription, Listing, and Commission fees. Users responsible for GST.
SetuBuzz complies with 194O TDS and GST TCS.
11-22. LEGAL PROVISIONS
Limited liability (capped at 12mo fees). Indemnification. Dispute
resolution via Pune arbitration. Governing Law: Indian Law. Resolution within 15 days for
grievances.
For exhaustive details, please visit the Full Master Agreement.