Terms & Conditions for Invite and Earn Academy Program

Published on: Oct 20th, 2023
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These terms & conditions (“T&C”) are for the purpose of the Invite and Earn Academy Program (hereinafter referred to as “Program”) offered by NxtWave Disruptive Technologies Private Limited (hereinafter referred to as “NxtWave” or “Company”).

Please read these T&C carefully before participating in the Program. By participating in the Program, you agree to be bound by these T&C, which are in addition to and subject to Nxtwave’s “Terms of Use” and “Privacy Policy”.

Agreeing to the T&C hereby means that you consent, agree and undertake to participate in the Program in accordance with the agreed terms and conditions. If you do not agree with any part of the T&C, please do not participate in the Program. 
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These T&Cs are effective from 1st August 2023.

1. Definitions & Interpretation 

For the purposes of this T&C, unless there is anything in the subject or context inconsistent therewith, the capitalized terms listed below shall have the following meanings:

“Participant” shall mean any individual who is a user of CCBP 4.0 Academy and promotes the CCBP 4.0 Academy to earn Incentive.

“Bonus” shall mean any additional amount other than the Incentive given to the Participant by the Company, based on the performance of the Participant and at the sole discretion of the Company.

“CCBP 4.0 Academy” shall mean any of the below programs: 

  • CCBP 4.0 Academy Smart
  • CCBP 4.0 Academy Genius
  • CCBP 4.0 Academy Edge

“Incentive” shall mean the amount earned by Participants for promoting and enrolling new users into the Program through their Invitation Link.

“Confidential Information” shall mean any confidential or proprietary information or/and data, disclosed by the Company to the recipient, whether owned by the Company and its associates or a third party obtained through a confidential arrangement, whether disclosed in oral or written form, including but not limited to any kind of business, commercial or technical information and data such as trade secrets, know how, technology, software, customer information, business plans, processes and ideas.

“Enrollment” shall mean the completion of following steps for each payment plan:

  • Full Payment Plan: Payment of the entire Program Fee before accessing the CCBP 4.0 Academy content.
  • Loan Payment Plan:
  • Payment of the Seat Reservation Amount (If opted for)
  • Payment of the Down Payment Amount
  • Application for a loan and completion of the verification process
  • Loan disbursement, if approved.
  • Installment Payment Plan:
  • Payment of the Seat Reservation Amount (if opted for)
  • Payment of the Down payment Amount (if opted for)
  • Payment of the first installment amount as defined by the Company from time to time.
  • Monthly Installments Payment Plan:
  • Payment of the Seat Reservation Amount (if opted for)
  • Payment of the  down payment Amount
  • Application for an auto-debit facility to facilitate monthly installment payments.
  • Verification and approval of the auto-debit facility

“Program Fee” shall mean the fee charged by the Company for CCBP 4.0 Academy.

“Invitation Link(s)” shall mean the weblink(s) with Participant’s unique code embedded in them, for the purpose of webinar registration or Career Guidance Expert call request or payments by the Referral.

“Referral” shall mean any individual referred by the Participant who has successfully completed the Enrollment process of the Program through Participant’s unique Invitation Link.  

2. Terms related to Incentive and Bonus

  • The Incentive shall be disbursed in tranches (Transaction 1, 2 and 3) as per the terms mentioned below
  • In case the Referral opts for Full Payment Plan, Loan Payment Plan or Installment Payment Plan, the Participant shall receive Incentive in following manner
CCBP 4.0 Academy Genius & CCBP 4.0 Academy Smart
No of Referral Eligible Points given on each Enrollment ** Incentive in 1st Transaction (in INR)* Incentive in 2nd Transaction (in INR)*
1st Referral 4000
1000
3000
2nd Referral 5000
1000
4000
3rd Referral 6000 1000 5000
4th Referral 7000
1000
6000
5th Referral onwards 8000
1000
7000
CCBP 4.0 Academy Edge
No of Referral Eligible Points given on each Enrollment ** Incentive in 1st Transaction (in INR)* Incentive in 2nd Transaction (in INR)*
1st Referral 4000
1000
3000
2nd Referral onwards 5000
1000
4000

*TDS Applicable

**Each Eligible point shall be redeemed in the form of cash upon the request of the Participant wherein 1 Incentive Point is equal to Rs. 1

  • 3. If the Referral opts for Monthly Installments Payment Plan, the Participant shall receive Incentive in following manner
CCBP 4.0 Academy Genius & CCBP 4.0 Academy Smart
No of Referral Eligible Points given on each Enrollment** Incentive in 1st Transaction (in INR)* Incentive in 2nd Transaction (in INR)* Incentive in 3rd Transaction (in INR)*
1st Referral 4000
1000
1500 1500
2nd Referral 5000
1000
2000 2000
3rd Referral 6000
1000
2500 2500
4th Referral 7000
1000
3000 3000
5th Referral onwards 8000
1000
3500 3500
CCBP 4.0 Academy Edge
No of Referral Eligible Points given on each Enrollment ** Incentive in 1st Transaction (in INR)* Incentive in 2nd Transaction (in INR)* Incentive in 3rd Transaction (in INR)*
1st Referral 4000
1000
1500 1500
2nd Referral onwards 5000
1000
2000 2000

*TDS Applicable

**Each Eligible point can be redeemed in the form of cash upon the request of the Participant wherein 1 Incentive Point is equal to Rs. 1

  • 4. The detailed terms related to each transaction are as follows:
  • Transaction 1:
              i.  All Payment Plans:  Incentive is payable upon receipt of down payment amount from the Referral to the Company. In case the Referral does not opt for down payment (which can happen in Full Payment Plan and Installments Payment Plans), both Transaction 1 and Transaction 2 shall be released together subject to fulfilling the prerequisites for Transaction 2 as defined below.
         
  • Transaction 2:
              i.  Full Payment Plan, Loan Payment Plan and Installments Payment Plan:  Incentive is payable after completion of Enrollment process, completion  of the refund  period as per the terms and conditions of the CCBP 4.0 Academy at https://www.ccbp.in/terms-and-conditions provided no refund was given by the Company during this period. 
         ii.  Monthly Installments Payment Plan: Incentive is payable after completion of Enrollment process, completion of the refund period as per the terms and conditions of the Program at https://www.ccbp.in/terms-and-conditions provided no refund was given by the Company during this period and payment of 1st Monthly Installment by the Referral.
  • Transaction 3: Incentive is payable after the payment of 2nd Monthly Installment by the referral. 2nd transaction is applicable only for Referrals opting for Monthly Installments Payment Plan.
  • 5. Incentive shall not be paid if the Referral claims the refund before the disbursal of Incentive.
  • 6. Bonus or Incentive shall be subjected to applicable Statutory Deductions such as TDS as per relevant tax laws and regulations.
  • 7. The Company reserves the right to provide Scholarship to the Referrals at its sole discretion.
  • 8. The Incentive and other benefits are inclusive of all applicable taxes, duties and levies.
  • 9. The Participant shall be eligible for Incentive only if the Referral uses the Participant’s Invitation Link for 
  • Webinar registration, Career Guidance Expert Call request and
  • All payments. Incentive shall not be granted to the Participant for enrollments made through any other Participant’s Invitation Link.
  • 10. If the Participant doesn't raise the invoice within 90 days from the last day of the month in which the Participant becomes eligible to earn the final tranche of Incentive (Transaction 2 or 3, as the case may be) with respect to a Referral, the Participant shall forfeit the right to claim or receive the unclaimed Incentive for that Referral.
  • 11. If the Company receives more than three refund requests from Referrals of a particular Participant and/or suspects misuse of the Program, the Company may immediately suspend their participation in the Program at its sole discretion. The Company may also withhold any amounts to be paid, recover the amounts paid or adjust in future invoices.
  • 12. Payment Timeline 
  • The Participant shall generate and submit invoices for the commision accrued during a specific month after the conclusion of that respective month. The payment will be processed within 14 days of receiving the invoice, provided the Company didn’t seek any clarification or further information related to the invoice.
  • 13. The Participant will not receive any additional Incentive if their Referral, who is an existing customer of a Program, upgrades/changes to any other Program in future.

3. Confidentiality

  • The Participant shall maintain the confidentiality of any proprietary or confidential information provided by the Company, in written or verbal form, during the course of their association with the Company and shall not disclose such information to third parties without prior written consent of the Company. The Participant shall immediately return or destroy the Confidential Information upon the Company's request. Confidential Information shall include any copies or abstracts made thereof as well as any modules, samples, prototypes or parts thereof. The terms and conditions of this Participant Program shall be treated as confidential.

4. Indemnification 

  • Participants agree to indemnify and hold the Company harmless from any claims, damages, losses, liabilities, and expenses (including reasonable legal fees) arising out of or related to their participation in the program. Participant shall indemnify the Company against any claims or actions brought by third parties arising from their breach of confidentiality obligation, unauthorized use or disclosure of confidential information, or any other violation of the terms and conditions of the program. The indemnification obligations shall survive the completion or termination of the Program. Company shall promptly notify Participant of any claims or actions subject to indemnification, and Participant shall cooperate fully in the defense of such claims.

5. Intellectual Property Rights

  • Any intellectual property created, developed, or produced by participants in the Program shall be the sole and exclusive property of the Company. Participants hereby assign, transfer, and convey all rights, titles, and interests in and to such intellectual property to the Company without any additional compensation. Company shall have the right to use, modify, reproduce, distribute, display, and sublicense the intellectual property for any purpose, including but not limited to commercialization, marketing, and promotion, without any obligation to compensate participants. Participants warrant and represent that their participation in the program and the creation of intellectual property do not infringe upon any third-party rights. Participants shall indemnify and hold Company harmless against any claims or actions arising from the infringement of intellectual property rights. This intellectual property clause shall survive the completion or termination of the program, and its terms and conditions shall be binding upon participants.

6. General Obligations

  • Company reserves the right to select the Participants of the Program at its sole discretion. 
  • Participants shall accept the T&C and complete the onboarding formalities to claim their Incentives
  • Company reserves the right to substitute, change, cancel or add to any part of these terms at any time, including terminating the Program. The continued participation of the Participant shall be considered as deemed acceptance to the updated terms and conditions. 
  • The Participant acknowledges and accepts that the Incentive may vary from time to time.
  • Any Invitation Link change request from the Referral will only be considered within 7 days from the date of registration of the Referral and the company’s decision shall be final. The request has to be sent according to the latest format prescribed by the Company. 
  • Company reserves the right to decline or cancel your participation in the Program, with or without any advance notice, if the Company believes that;
        a. If the Participant in any way is impairing the brand and/or goodwill associated with any of the Intellectual Property
        b. If the Participant is involved in any suspicious activity.
  • The company holds the power to block the Invitation Link in case of any misuse, at the sole discretion of the Company. In such a case, the Company reserves the right to withhold the Incentive/Bonus to be paid, to recover any paid amounts or to adjust in future invoices. Decision of the Company will be final in this case.
  • The Participant cannot use his own unique Invitation Link to register to any other program for themselves.
  • The Participant shall adhere to any promotional guidelines, policies, or instructions provided by the Company from time to time. This includes maintaining the integrity and reputation of the Company and its courses while promoting them.
  • The Participant shall accurately represent the Company's courses and initiatives, ensuring that the information provided to potential referrals is truthful, transparent, and not misleading.
  • The Participant must refrain from sharing his/her link publicly on social media platforms or sharing it over groups in Whatsapp, Telegram or such other platforms.

7. Governing Law, Jurisdiction & Dispute Resolution:

  • These Terms & Conditions shall be governed by the laws of India only.
  • Both Parties hereby irrevocably agree to submit all disputes to the exclusive jurisdiction of Hyderabad Courts.
  • Any dispute or disagreement arising from or related to this agreement shall be resolved through mutual discussion in the first instance, failing which it shall be resolved through arbitration in accordance with the Indian Arbitration and Conciliation Act, 1996. The arbitration shall be conducted by a mutually agreed single arbitrator. The arbitration proceedings shall take place in Hyderabad, India and be conducted in English. The arbitrator's decision shall be final and binding.
  • NxtWave shall not be liable in the event it fails to fulfill any of its obligations under these terms and conditions due to flood, earthquake, storm, cyclone or any other acts of god of similar nature, war, strike, lockout, quarantine, lockdown, or governmental or judicial or quasi-judicial policies/intervention/direction /prohibition or change in law or for any other reasons beyond its control.