Annual Package 2025 - Terms & Conditions
Annual Bulk Package – Terms & Conditions
Payment Plan – Deposit Payment
Initial Deposit: Customers can secure their package by paying a 25% deposit on the total discounted price upfront. This deposit will be added to a deposit wallet and can be used only after the customer has exhausted 75% of the quota of the selected package.
Coupons and Discounts:
Customers will receive Plan Set, PE Stamp or both combo coupons to avail discount off the services and will continue to pay for services at the discounted price.
Customers can purchase combo services included in the package and apply the discount code during checkout to avail the discount.
Example:
- You want to purchase the 500 Plan Set + PE Stamp (Electrical + Structural) combo package for $87,000.
- You will pay 25% of this cost as a deposit – $21,750.
- You will receive 500 coupons for Plan Set + PE Stamp (Electrical + Structural) combos.
- These coupons will give you a 40% discount when applied during the checkout screen while purchasing Plan Set + PE Stamp (Electrical + Structural).
- After completing 75% of the coupon usage, i.e., 375 Plan Set + PE Stamp (Electrical + Structural) services, your deposit will then be used for remaining 25% purchases, i.e. 125 Plan Set + PE Stamp (Electrical + Structural).
- The $21,750 will be used to purchase Plan Set + PE Stamp (Electrical + Structural) combos and the payment for each purchase will be deducted from the deposit amount.
Refund Policy
This Bulk Purchase Refund Policy (“Policy”) governs the refund terms applicable to the deposit paid by customers (“Customer” or “You”) as part of the Wattmonk Technologies Pvt. Ltd. (Hereinafter, the “Company”) Bulk Purchase Agreement (“Agreement”). By entering into the Agreement, you acknowledge and agree to the terms and conditions outlined herein.
1, Refund Eligibility
Refunds of the deposit paid under the Agreement are determined based on two factors:
1.1. Time-Based Refund
The percentage of the deposit eligible for a refund is determined by the quarter in which cancellation occurs, as follows:
• Quarter 1 (before 3 months of purchase): 75% of the deposit is refundable.
• Quarter 2 (before 6 months of purchase): 50% of the deposit is refundable.
• Quarter 3 (before 9 months of purchase): 25% of the deposit is refundable.
• Quarter 4 (before 12 months of purchase): 0% of the deposit is refundable.
1.2. Usage-Based Adjustment
The refund amount determined under Section 1.1 will be reduced by the percentage of the services utilized under the bulk purchase package. I.e. If you have used 50% of the package, 50% of the time-based refund will be further deducted
2, Calculation of Refund
The refundable amount is calculated in the following steps:
- Determine the eligible percentage of the deposit based on the quarter of cancellation (Section 1.1).
- Subtract a percentage of the eligible refund based on the services consumed (Section 1.2).
Example:
- You have purchased the Plan Set + PE Stamp (Electrical + Structural) Combo plan for $87,000 and have paid $21,750 (25%) as the deposit on 6th March 2025.
- You have raised a cancellation request on 2nd August 2025 and have consumed 20% of your package.
- Basis time of cancellation you are eligible for a refund of $10,875 (Q2 – 50%).
- Basis the usage-based adjustment, additional $2,175 (20% of time-based refund) will be reduced from the $10,875 as you have consumed 20% of the package.
- Final refund = $10,875 – $2,175 = $8,700
3, Non-Refundable Deposits
3.1. In the event of cancellation during Quarter 4, no refund shall be issued, irrespective of the services consumed.
3.2. Any services utilized beyond the initial deposit value shall be invoiced separately and are not subject to this Policy.
4, Perks
Perks included in the selected package are non-refundable and will be invalid on cancellation of the package. Any unredeemed coupons as part of the perks will be terminated on cancellation of package. Customers must utilize perks in accordance with the terms provided by the Company.
5, Notification of Cancellation
To initiate a refund request, you must provide written notice of cancellation to the Company via email at accounts@wattmonk.com. The effective date of cancellation shall be the date on which the Company receives your written notice.
6, Limitation of Liability
The Company shall not be held liable for any indirect, incidental, or consequential damages resulting from the enforcement of this Policy. Refunds are limited to the terms set forth herein and apply solely to the deposit under the Agreement.
7, Governing Law
This Policy shall be governed by and construed in accordance with the laws of India. Any disputes arising under this Policy shall be subject to the exclusive jurisdiction of the courts located in India.
8, Amendments
The Company reserves the right to amend this Policy at any time. Any amendments shall become effective upon notification to the Customer.
Acknowledgment
By entering into the Agreement, you acknowledge that you have read, understood, and agreed to the terms of this Policy.
Terms and Conditions (“Terms”)
These Terms and Conditions (“Terms”) govern the use, validity, and management of packages purchased from Wattmonk Technologies Pvt. Ltd. (hereinafter, the “Company” or “We”). By purchasing a package, you (“Customer” or “You”) agree to comply with the terms outlined below.
1, Validity
1.1. Discount packages purchased are valid until 1 year from date of purchase.
2, Service Utilization
2.1. Customers who have purchased 300+ service packaages (40% off coupons), may carry forward 10% of unused service discounts to the next year. Such carry-forward discounts will be issued in the form of coupons.
2.2. Coupons issued under Section 2.1 will remain valid for 3 months beyond date of expiry.
3, Transferability
3.1. Packages purchased from the Company are non-transferable and non-shareable.
3.2. Perks associated with packages are non-transferable and non-shareable.
4, Upgrades and Changes
4.1. Mid-year upgrades, downgrades, or cancellations are not permitted under any circumstances.
5, Perks Usage:
5.1. Perks are non-transferable and non-refundable. They cannot be redeemed for cash or substituted for any other benefit.
5.1. Customers must comply with any additional terms associated with specific perks, as outlined by the Company.
6, Amendments
6.1. The Company reserves the right to modify package details, policies, and pricing at its sole discretion.
6.2. Any amendments to these Terms shall become effective upon providing 14 days’ notice to the Customer. Any such amendments will not affect services already paid for or utilized, except as required by law.
7, Disputes
7.1. Any disputes concerning the services or payments provided under these Terms must be submitted in writing to the Company (accounts@wattmonk.com) within 14 days of the occurrence of the issue.
7.2. The parties agree to attempt to resolve disputes amicably. If an amicable resolution cannot be reached, each party reserves the right to seek appropriate legal remedies.
8, Limitation of Liability
8.1. The Company shall not be held liable for indirect, incidental, or consequential damages arising from the use of packages purchased.
9, Governing Law
9.1. These Terms shall be governed by and construed in accordance with the laws of India.
9.2. Any disputes arising from these Terms shall be subject to the exclusive jurisdiction of the courts located in India.
10, Severability
10.1. If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be struck, and the remaining provisions shall be enforced to the fullest extent permissible under law.
11, Entire Agreement
11.1 This Agreement, together with any documents incorporated herein by reference, constitutes the entire agreement between the parties and supersedes all prior negotiations, representations, or agreements, either written or oral.
12, Acknowledgment
12.1. By purchasing a package from the Company, you acknowledge that you have read, understood, and agreed to the Terms set forth above.