Terms and Conditions

1. Intermediary Status & Section 79 IT Act

AssetPay (referred to as the "Platform" or the "Company") acts strictly as an "Intermediary" under Section 79 of the Information Technology Act, 2000.

The Platform only provides hosting, peer-to-peer chat, wallet escrow accounts, and billing settlement infrastructure. The Company has no ownership, control, or authorship over the subscription credentials hosted by sellers ("Hosts") or the academic notes uploaded by creators ("Uploaders"). The Platform does not select, edit, or modify any files, logins, or contents uploaded by users. Consequently, the Company holds absolute immunity (Safe Harbor) from any civil, criminal, or intellectual property liabilities.

2. Peer-to-Peer (P2P) Premium Subscription Sharing Rules

The Subscription Sharing Marketplace allows Hosts to list spare seats on their premium accounts (e.g. Netflix, ChatGPT Plus, Canva, OTT plans) and allows Buyers to acquire access.

• Host Assurances: Hosts represent that their sharing activities do not breach their local ISP contracts or platform rules. All credentials and invites must remain valid for the duration of the subscription period sold.
• Zero Platform Liability: If a shared subscription is revoked, suspended, or experiences credential changes by the host or the original OTT service provider, the buyer's sole recourse is through the Platform's Escrow Dispute system. The Platform itself is not responsible for refunding or replacing revoked subscriptions from its own funds.

3. P2P Student Notes & Assignments Marketplace Rules

The Student Notes Marketplace allows creators to upload study guides, lecture summaries, class notes, previous year question papers, and assignment solutions for sale.

• Compulsory College ID Upload: Creators agree that uploading a clear photo/scan of their active **College Student ID Card (I-Card)** is absolutely compulsory to publish materials. This image is stored securely and used exclusively to audit academic authenticity.
• No Plagiarism & Intellectual Integrity: Uploaders represent that they own the complete copyright to their files. Sharing official university exams with active grading keys, textbook scans, or copyrighted research papers is strictly prohibited. The uploader accepts **sole and absolute legal liability** for copyright lawsuits or academic suspensions.

4. Zero Government KYC Policy (Aadhaar / PAN Exemption)

To ensure student privacy and protect your digital identity, **AssetPay never requests, collects, or stores government identification documents** (such as Aadhaar Card, PAN Card, passports, or driver's licenses) anywhere on the platform.

User registration is open to standard email addresses (Gmail, Yahoo, etc.). Account trust is maintained purely via university email domain verification (.edu or college mail), mobile OTP verification, and instant UPI bank account binding for payout settlements.

5. Wallet Escrow System, Fees, & Dispute Settlements

The Platform operates a proprietary Wallet Escrow System to guarantee trust and prevent fraud under the Indian Contract Act, 1872:

• Escrow Locks: When a buyer purchases a subscription seat or study guide, their funds are locked in the escrow ledger. Payouts are credited to the host/uploader wallet only after the buyer confirms active delivery or the protection period matures.
• Commission Splits: The Platform retains a flat 10% administrative commission fee for billing, support, and hosting. The host/uploader receives 90% net earnings.
• Dispute Resolutions: In the event of invalid subscription logins or corrupted notes files, the buyer can file a dispute. AssetPay’s dispute management team acts as a peer arbitrator. All arbitration choices made by AssetPay are final and binding on both buyers and sellers.

6. Platform Indemnity & Liability Cap

You agree to **fully indemnify, defend, and hold harmless** the Company, its parent entities, directors, partners, and employees from any third-party claims, liabilities, lawsuits, copyright infringement claims, academic disciplinary penalties, financial losses, or attorney fees arising from your use of the subscription marketplace, your student note uploads, or your wallet transactions.

The Platform's cumulative, maximum aggregate liability to any user for any legal claim shall not exceed ₹1,000.

7. Multi-Tier Referral & Affiliate Chain Program Rules

The Platform operates a multi-tier product-based affiliate referral program. Participation is completely free and voluntary:

• No Entry / Registration Fees: No user is required to pay any entrance, training, signup, or registration fee to acquire a referral code or link. The program is 100% free to join.
• No Money Circulation or Pyramid Scheme: In strict compliance with the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 and the Consumer Protection (Direct Selling) Rules, 2021, the Platform strictly prohibits money circulation. Referral bonuses and multi-level chain commissions are only paid upon actual, genuine, and successful peer-to-peer transactions (such as subscription seat bookings or study note sales). No commissions are paid for simply recruiting new users.
• Anti-Abuse & Fraud Protection: To prevent exploitation, the ₹10 sign-up bonus is credited to the wallet but is withdrawable only after the user's total recharges/top-ups or real sales exceed ₹50, and their wallet reaches the minimum withdrawal limit of ₹100. Any self-referral, fake registration bot-chaining, or transaction pooling will result in permanent wallet freezing and balance forfeiture under Section 6 of this Agreement.

8. Governing Law & Jurisdiction

This Master Agreement is governed exclusively by the laws of the Republic of India. Any legal dispute, action, or claim arising under these terms shall be submitted to the exclusive jurisdiction of the courts located in New Delhi, India.