Nothing - Demo Policy for Phone 1

Policy

Phone (1) demos will be invoiced at 100% and CN @ 50% (of the normal billing value) will be issued. However, if in case during the audit the demo unit is found to have been sold/mis-utilised before the end of the demo period, then the debit note for the 50% value will be issued to the retail partner.
Demo should be in the outlet for a period till 30th June ‘23 or till the end of life cycle of the product whichever is earlier.
Outlet potential of INR 1 Cr plus/monthly or if otherwise approved by a company official in writing prior to deployment.
Demo devices should be available in store at all points in time during the store operating hours. It should be displayed in the manner specified by the brand as per the planogram.
The company will be conducting mystery audits and if the demo unit is not found during working hours in the store necessary action will be taken.
Only one demo device (8/256 Black) variant will be issued during the entire Life cycle unless otherwise specified.

In case of any damage to the unit visible or otherwise (physical, liquid, theft etc), the company reserves the right to debit the partner.
Handset shouldn’t be used with a SIM card and for any personal use. Partner to ensure the same. Warranty of the product starts from the date of issue or activation whichever is earlier.
Monthly sales of a minimum of 10 Phone (1) devices from the 3rd month (from the issued date) onwards should be achieved in order for continued engagement with the Nothing brand
No box or cable to be provided along with the demo unit.
Demo device picture captured inside the store to be shared on every 2nd Monday of the month with the company representative as per the process. The picture should capture Latitude, Longitude & time stamp and it should reflect the same for every picture sent.
Demo unit’s software needs to be kept upgraded at all points in time connected through a WiFi network.
Settlement of the demos issued will be done by issuing a Credit note at the end of every month. The data of demo deployed should come by 23rd of every month to enable payouts in the following month.
Non-adherence to any of the above listed terms during the periodic audits conducted by a company representative would result in cancellation of the demo unit and the partner will be debited accordingly for the said unit.