PARTNERSHIP AGREEMENT

Between Tripsora Capitals Ltd and Premium Local Travel Partner

Last Updated: November 2024

1. PARTIES TO THIS AGREEMENT

This Partnership Agreement ("Agreement") is entered into between:

TRIPSORA CAPITALS LTD
Company Number: 16549250
Registered Office: 124 City Road, London EC1V 2NX, United Kingdom
(hereinafter referred to as "Tripsora", "we", "us", or "our")

AND

THE PARTNER
As identified in the Partner Registration Form
(hereinafter referred to as "Partner", "you", or "your")

(Collectively referred to as the "Parties")

2. RECITALS

WHEREAS:

3. DEFINITIONS

"Agreement"
means this Partnership Agreement including all schedules, appendices, and amendments;
"Confidential Information"
means all non-public information disclosed by one Party to the other, including but not limited to business plans, customer data, pricing structures, technology, and trade secrets;
"Partner Portal"
means Tripsora's online platform accessible to Partners for managing connections, accessing tools, and viewing reports;
"Services"
means premium travel-related services provided by Partner to consumers including but not limited to lodging arrangements, resort bookings, transportation services, airport pickup, tour guide services, local experiences, and travel consultation;
"Consumer" or "Traveler"
means any individual using the Tripsora platform to build personalized trip itineraries who requests connection with premium local travel partners;
"Connection Request"
means a consumer's explicit request through the Tripsora platform to be connected with premium local travel partners for their planned destination;
"Connection"
means the introduction and facilitation by Tripsora of communication between a consumer and Partner following a successful bid;
"Connection Fee"
means the fee paid by Partner to Tripsora for being connected with a consumer who has requested partner services;
"Region of Expertise"
means the geographic regions where Partner operates and provides specialized local knowledge and services;
"Intellectual Property"
means all patents, trademarks, service marks, copyrights, trade secrets, and other proprietary rights;
"Term"
means the duration of this Agreement as specified in Section 18.

4. PURPOSE AND SCOPE OF PARTNERSHIP

4.1 Partnership Objectives

The purpose of this partnership is to:

4.2 Business Model - How Tripsora Works

Tripsora operates as an AI-powered travel planning and connection platform where:

4.3 Nature of Relationship

This Agreement creates an independent contractor relationship. Partner is not an employee, agent, or legal representative of Tripsora. Partner has no authority to bind Tripsora to any obligation without express written consent. Tripsora facilitates connections but is not involved in the direct provision of travel services to consumers. All services, bookings, and transactions are conducted directly between Partner and consumer.

Understanding the Value Proposition

For Consumers: Access to vetted premium local experts who can enhance their trip with professional services and insider knowledge.

For Partners: Qualified connections with travelers who have actively requested professional assistance for your region, providing opportunities to showcase expertise and upsell premium services.

For Tripsora: Creating value by matching travelers with the right local experts at the right time in their planning journey.

5. PARTNER OBLIGATIONS AND RESPONSIBILITIES

5.1 Licensing and Compliance

Partner represents, warrants, and agrees that:

5.2 Regional Expertise

Partner represents and warrants that:

5.3 Service Standards

Partner agrees to:

5.4 Insurance Requirements

Partner must maintain adequate insurance coverage including:

5.5 Data Protection and Privacy

Partner agrees to:

5.6 Consumer Connection Requirements

Upon being connected with a consumer, Partner agrees to:

5.7 Service Upselling and Offerings

Partner may offer and upsell the following services to connected consumers:

All upselling must be done ethically, with clear value proposition and transparent pricing.

5.8 Marketing and Branding

Partner agrees to:

6. TRIPSORA'S OBLIGATIONS AND RESPONSIBILITIES

6.1 Platform Access and Tools

Tripsora agrees to:

6.2 Consumer Itinerary Building Platform

Tripsora commits to:

6.3 Connection Request Quality

Tripsora commits to:

6.4 Fair Bidding Process

Tripsora will:

6.5 Payment Processing and Billing

Tripsora will:

6.6 Support and Communication

Tripsora commits to:

6.7 Marketing and Platform Promotion

Tripsora will:

7. FEE STRUCTURE AND PAYMENT TERMS

7.1 Partnership Fees Overview

Partner agrees to pay Tripsora the following fees:

7.2 One-Time Admin Fee

Details of the admin fee:

7.3 Connection Fees - Bidding System

Partner pays connection fees for being introduced to consumers according to the following model:

7.4 Connection Fee Categories

Connection fees are structured based on request characteristics:

Specific fee ranges for each category are communicated through the Partner Portal and may be adjusted with 30 days' written notice.

7.5 Bidding Process - How It Works

The connection bidding process operates as follows:

  1. Notification: Partner receives notification when a consumer requests connection for a destination matching Partner's region of expertise;
  2. Request Review: Partner reviews connection request details including consumer's itinerary, trip dates, budget range, requested services, and travel preferences;
  3. Bid Submission: Partner submits bid amount within specified timeframe (typically 2-24 hours depending on request urgency);
  4. Evaluation: Tripsora evaluates all bids considering: bid amount, Partner rating, regional expertise, specialization match, and response time;
  5. Selection: Highest bidding qualified Partner is selected for connection;
  6. Connection: Winning Partner receives full consumer details including contact information and complete itinerary;
  7. Payment: Partner is charged the bid amount upon acceptance of the connection;
  8. Engagement: Partner must contact consumer within committed response time to begin service discussion.

7.6 Payment Terms

Partner agrees to the following payment terms:

7.7 What Connection Fees Cover

Connection fees paid by Partner cover:

7.8 What Connection Fees Do NOT Guarantee

Partner acknowledges and understands:

7.9 Refund Policy

Refunds or credits may be issued in the following circumstances:

Refund requests must be submitted within 7 days of connection assignment with supporting documentation. Tripsora will investigate and respond within 10 business days.

7.10 Non-Refundable Scenarios

No refunds are provided if:

7.11 Fee Disputes

Fee disputes must be raised within 14 days of charge date. Tripsora will investigate and respond within 15 business days. During dispute resolution, Partner remains obligated to pay other undisputed fees.

7.12 Promotional Rates and Incentives

Tripsora may occasionally offer:

⚠️ Important Notice - Connection Quality and Conversion

Tripsora connects Partners with genuine consumers who have explicitly requested to work with premium local travel experts. However, Tripsora does not guarantee that any connection will result in a booking or revenue for Partner. Partner acknowledges that:

8. ACCOUNT MANAGEMENT AND BALANCE

8.1 Partner Account

Upon approval and payment of admin fee, Partner will receive access to a Partner Account which includes:

8.2 Account Funding

Partners may fund their account through:

8.3 Automatic Payments

Partners may set up automatic payment methods where:

8.4 Account Balance Withdrawal

Partners may request withdrawal of unused account balance:

8.5 Account Suspension

Tripsora may suspend Partner account if:

During suspension, Partner cannot bid on new connections but must fulfill obligations for already accepted connections.

9. PROHIBITED ACTIVITIES

9.1 Bidding Violations

Partner specifically agrees not to:

9.2 Consumer Data Misuse

Partner agrees not to:

9.3 Platform Abuse

Partner must not:

9.4 Unethical Practices

Partner must not engage in:

9.5 Consequences of Violations

Violation of these prohibitions may result in:

10. CONFIDENTIALITY

10.1 Confidential Information

Each Party agrees to:

10.2 Exceptions

Confidentiality obligations do not apply to information that:

10.3 Duration

Confidentiality obligations survive termination for 5 years.

11. INTELLECTUAL PROPERTY RIGHTS

11.1 Tripsora IP

Tripsora retains all rights to:

11.2 Partner IP

Partner retains all rights to:

11.3 License Grant

Partner grants Tripsora a limited, non-exclusive license to:

This license terminates upon Agreement termination.

11.4 Restrictions

Partner may not:

12. QUALITY ASSURANCE AND PERFORMANCE STANDARDS

12.1 Performance Metrics

Partner performance will be evaluated based on:

12.2 Reviews and Ratings

Tripsora operates a review and rating system where:

12.3 Quality Audits

Tripsora reserves the right to:

12.4 Improvement Plans

If performance falls below standards, Tripsora may require:

13. LIABILITY AND INDEMNIFICATION

13.1 Partner Liability

Partner is solely responsible and liable for:

13.2 Tripsora Liability

Tripsora is responsible for:

Tripsora is NOT responsible for:

13.3 Indemnification by Partner

Partner agrees to indemnify and hold harmless Tripsora, its directors, officers, employees, and agents from:

13.4 Indemnification by Tripsora

Tripsora agrees to indemnify Partner from claims arising from:

13.5 Limitation of Liability

Except for breaches of confidentiality, IP infringement, or indemnification obligations:

Consumer Rights: Nothing in this Agreement limits or excludes liability for death or personal injury caused by negligence, fraud, or any other liability that cannot be limited by law. Both parties acknowledge that consumers retain all statutory rights.

14. COMPLAINTS AND DISPUTE RESOLUTION

14.1 Consumer Complaints

Partner agrees to:

14.2 Disputes Between Parties

In the event of disputes between Tripsora and Partner:

14.3 Continuing Obligations

During dispute resolution, both Parties agree to:

15. TERMINATION

15.1 Termination by Either Party

Either Party may terminate this Agreement:

15.2 Termination for Cause

Either Party may terminate immediately if the other Party:

15.3 Immediate Termination by Tripsora

Tripsora may terminate immediately without notice if Partner:

15.4 Effect of Termination

Upon termination:

15.5 Transition Period

For terminations with notice, Parties will cooperate on:

16. FORCE MAJEURE

Neither Party is liable for failure to perform obligations due to circumstances beyond reasonable control, including:

The affected Party must:

If force majeure continues for more than 90 days, either Party may terminate this Agreement without penalty.

17. ANTI-BRIBERY AND CORRUPTION

Both Parties agree to:

Violation of anti-bribery provisions is grounds for immediate termination and may result in legal action.

18. TERM AND RENEWAL

18.1 Initial Term

This Agreement commences upon Partner's acceptance of these terms and payment of the admin fee, and continues for an initial term of 12 months ("Initial Term").

18.2 Renewal

This Agreement automatically renews for successive 12-month periods unless:

18.3 Modification Upon Renewal

Tripsora may modify terms upon renewal by providing 60 days' notice. Partner may:

No additional admin fees are charged upon renewal.

19. MISCELLANEOUS PROVISIONS

19.1 Entire Agreement

This Agreement, together with the Partner Registration Form and incorporated policies, constitutes the entire agreement and supersedes all prior agreements, whether written or oral.

19.2 Amendments

Modifications must be in writing and signed by authorized representatives of both Parties, except as provided in Section 18.3 regarding renewal modifications.

19.3 Assignment

Partner may not assign this Agreement without Tripsora's prior written consent. Tripsora may assign to:

19.4 Severability

If any provision is found invalid or unenforceable:

19.5 Waiver

Failure to enforce any provision does not constitute waiver of that provision or any other provision. Waivers must be in writing.

19.6 Notices

All notices must be in writing and sent to:

Notices are effective upon receipt.

19.7 Independent Contractors

This Agreement does not create:

Each Party is an independent contractor. Partner operates their own independent travel business.

19.8 No Third-Party Beneficiaries

This Agreement is for the benefit of the Parties only. No third party has any rights under this Agreement, except consumers retain all statutory consumer rights.

19.9 Survival

The following provisions survive termination:

19.10 Counterparts

This Agreement may be executed in counterparts, each constituting an original but together one agreement. Electronic signatures are valid.

20. GOVERNING LAW AND JURISDICTION

20.1 Governing Law

This Agreement is governed by the laws of England and Wales.

20.2 Jurisdiction

The courts of England and Wales have exclusive jurisdiction over disputes arising from this Agreement.

20.3 Language

This Agreement is in English. Any translation is for convenience only. In case of conflict, the English version prevails.

21. DATA PROTECTION ADDENDUM

21.1 Data Processing

To the extent Partner processes personal data received through connections:

21.2 Consumer Consent

By requesting connection, consumers consent to:

Partner must respect consumer data rights and preferences at all times.

21.3 International Transfers

If Partner transfers personal data outside the UK/EEA, Partner must ensure:

⚠️ Acceptance of Terms

By submitting the Partner Registration Form, paying the admin fee, and checking the acceptance box, you acknowledge that:

22. ACKNOWLEDGMENT AND ACCEPTANCE

FOR TRIPSORA CAPITALS LTD:

By approval of the Partner Registration Form and activation of Partner account upon admin fee payment, this Agreement becomes effective.

Authorized Signatory: Tripsora Partnership Team

Date: Upon approval of Partner application and receipt of admin fee

FOR PARTNER:

By checking the acceptance box in the Partner Registration Form and paying the admin fee, Partner acknowledges acceptance of all terms and conditions of this Partnership Agreement.

Authorized Signatory: As provided in Partner Registration Form

Date: Date of Partner Registration Form submission and admin fee payment