Scope of the Agreement

This Agreement applies to all verified accounts on the RushRooms platform and shall be binding on every lessor who verifies their account or lists products on the platform.

Nature of the Platform

1. The RushRooms platform operates as a technical intermediary between the lessor and the renter.
2. The platform shall not be considered the owner, lessor, or seller of any products, nor a party to any rental or ownership agreement.
3. The Second Party shall bear full responsibility for the product, its terms, and its execution.

Authorization

1. The Second Party hereby grants RushRooms a non-exclusive authorization to list products, manage bookings, and collect payments on their behalf, without any transfer of ownership.
2. This authorization shall not create any legal or financial obligation on the First Party beyond technical mediation and payment management.

Rights and Obligations of the First Party

1. Allowing the Second Party to list products after fulfilling verification requirements.
2. Managing booking and payment collection through the platform.
3. The First Party reserves the right to suspend or disable any product or account at any time without providing justification.
4. The First Party reserves the right to update operational and regulatory policies of the platform as deemed appropriate.

Obligations of the Second Party (Lessor)

1. Ensuring the accuracy and validity of all data, documents, and product information.
2. Providing the product in the agreed condition and at the specified time.
3. Updating product information immediately upon any change.
4. Strictly refraining from collecting payments or communicating financially with renters outside the platform.
5. The Second Party bears full legal and operational responsibility for the product.

Payments and Commission

1. All payments and financial collections shall be conducted exclusively through the RushRooms platform.
2. The First Party shall be entitled to a commission of 11% of the rental value, inclusive of VAT, unless otherwise agreed.
3. Amounts collected from customers shall be deemed funds collected on behalf of the Second Party.
4. The Second Party's dues shall be transferred within 48 hours from the booking date to the registered bank account.

Dispute Management

1. In the event of a dispute between the lessor and the renter, the First Party may manage the dispute administratively within the platform.
2. The First Party may temporarily suspend or halt the booking until the circumstances of the dispute are clarified.
3. The platform's intervention shall not constitute a judicial ruling, and the First Party shall bear no legal liability for the outcome.

Freezing of Funds

1. The First Party may temporarily freeze the Second Party's dues in the event of a dispute, suspected fraud, or violation.
2. The freeze shall remain in effect until verification is completed, without any obligation to a specific timeframe.
3. No financial liability or compensation shall arise against the First Party as a result of such freezing.

Rent-to-Own (Lease-to-Own)

1. The Second Party may offer certain products under a rent-to-own model upon approval by the First Party.
2. All payments related to rental or ownership shall be processed exclusively through the platform.
3. The product description and terms displayed on the product page shall constitute a binding contract for the renter.
4. The First Party's role shall be limited to technical mediation and payment management only.
5. Ownership shall not be transferred until the rental period ends and all amounts are fully paid.

Liability

The First Party shall bear no responsibility for damage, loss, accidents, or misuse, and the renter shall bear full responsibility for such matters.

Term and Termination

This Agreement shall remain valid as long as the account is verified and products are listed. The First Party may terminate the Agreement or suspend the account at any time.

Amendments

The First Party reserves the right to amend this Agreement at any time, and such amendments shall become effective immediately upon publication on the platform.

Tax Treatment

1. The parties acknowledge that RushRooms currently benefits from a tax exemption in accordance with Saudi Arabian laws.
2. If the platform becomes subject to taxes in the future, the Second Party shall bear any taxes due on their profits.
3. The First Party's tax obligation shall be limited to its commission only.
4. The First Party shall bear no tax liability related to the products or income generated therefrom.

Jurisdiction

This Agreement shall be governed by the laws of the Kingdom of Saudi Arabia, and the competent courts shall have exclusive jurisdiction.

Acceptance

Account verification or continued use of the RushRooms platform shall constitute final and binding acceptance of this Agreement in its entirety.