Terms of Service

THESE TERMS (Partnership Agreement) are between BAYZ PARKING SDN. BHD. (Bayz), and you (Host).

By using the Application, Site or Services as an end-user or host, you agree to comply with and be legally bound by the Terms of Service ("Terms"), whether or not you become a registered user of the Services. These Terms govern your access to and use of the Application, Site and Services.

BAYZ PARKING SDN. BHD., as the proprietor of the BayzTM app and service, is responsible for the design, maintenance and remote operations troubleshooting for the BayzTM app and service.

You are a private condominium or residence resident, tenant or owner, making one or more parking spaces available through the BayzTM app and service.

RECITALS:

  1. Bayz and the Host (the Parties) mutually intend to bring together their resources and expertise to offer one or more parking spaces to the general public (End-users) through the BayzTM app-based parking service (Service) developed and owned by Bayz (the Partnership).
  2. Details of the responsibilities of each of the Parties and the specifics of this agreement are provided in Appendix A of these Terms
  3. The Parties hereby recognise the requirement of each of Bayz, the Host and the Host’s building or complex management to generate revenue and income from the Partnership which is reflective of each of the Parties’ level of direct investment in the Partnership, which can otherwise be referred to as the spirit of this agreement.
  4. Joint operating activities between the Parties will commence at the discretion of Bayz, subject to any other agreement between the Parties.

NOW, THEREFORE, Bayz and the Host agree as follows:

Article 1 – SCOPE OF WORK

1.1. Outline and Responsibilities

The Objectives, Key Tasks and Deliverables for each of the Parties are described in Appendix A.

Article 2 – PAYMENT

2.1. Payment Amount

Payment will be from Bayz to the Host on a monthly basis as described in Appendix A, and will typically be according to the schedule of fees provided in Appendix A.

2.2. Statements and Invoicing

Invoicing will be managed automatically and monthly statements will be issued from Bayz to the Host upon closing of each monthly account.

Article 3 – SUPERSEDING EFFECT

This Partnership Agreement, together with all attachments, supersedes all written or oral agreements, and in conjunction with Appendix A constitutes the entire agreement between the parties hereto.

Article 4 – INTERPRETATION

In the event of any conflict or inconsistency between the terms of this Partnership Agreement and the terms of an attachment hereto or any document referred to herein or in the terms of any attachment thereto, the terms of this Partnership Agreement shall prevail and govern the interpretation thereof.

Article 5 – AMENDMENT

This Partnership Agreement and the attachments hereto shall not be deemed or construed to be modified, amended or waived, in whole or in part, except by written agreement duly executed by the parties to this Partnership Agreement.

Article 6 – TERMINATION

Either party may terminate this agreement through a formal communication to the other party, effective immediately. In the event of termination by either party, any reinstatement of the Host premises to its original state will be the responsibility of the Host.

Article 7 – EXCLUSIVITY

7.1. Exclusive Negotiating Rights

For a period of time defined as the “Exclusivity Period”, the Host shall not approach or engage with any provider of, or develop or adopt, any competing product or service (“App-based parking solution”) other than the Service offered by Bayz.

7.2. Exclusivity Period.

The Exclusivity Period shall mean at any time during which this agreement remains in place. During the Exclusivity Period, the Host will not directly or indirectly and will not permit any of its agents to solicit, initiate or encourage, any alternative offers or proposals similar to or relating to the nature of this Partnership Agreement. The Host and Bayz agree that during the Exclusivity Period, the Host shall engage in Partnership Negotiations exclusively with Bayz and not any other provider in relation to the offered product. The Host hereby gives Bayz exclusive rights to negotiate a future Partnership Agreement.

Article 8 – LIABILITY AND INDEMNITY

8.1. Liability

The Host’s building or complex management and/or security sub-contractor remain liable for any and all activity taking place on or around its premises either in direct or indirect relation to the Service, and any injury or property damage which may occur thereof.

8.2. Responsibilities

At all times, the Host’s building or complex management is solely responsible for assigning its own security and administration staff that are either directly or indirectly involved with the Service, in compliance with all legal requirements and internal policies as required. This is not the responsibility of the Host or of Bayz.

Article 9 – GOVERNING LAW AND VENUE

This Partnership Agreement shall be governed by and construed in accordance with the laws of Malaysia. The venue for any legal action shall be in Kuala Lumpur.

Article 10 – INTELLECTUAL PROPERTY

10.1. Intellectual Property

In the event that either party shall create or invent, or cause to be created or invented, in connection with the Service, any process, material or device protected under any patent or copyright law ("Intellectual Property"), the parties agree that the other party shall have the right to use, at no expense to such other party, such Intellectual Property.

10.2. Exclusive Rights

In the event that the Host shall create or invent, or cause to be created or invented, in connection with the Service, any Intellectual Property, the parties agree that Bayz has exclusive rights to use it and that no competing business product or service shall gain those rights whatsoever.

Article 11 – DISPUTES

Any dispute between the parties or their assigns arising out of this Partnership Agreement shall be subject to binding arbitration. Any dispute arising under or relating to this Partnership Agreement which is not settled by agreement of the parties shall be referred for adjudication by either party to a court of competent jurisdiction.

Article 12 – FORCE MAJEURE

Performance of a party shall be excused hereunder, and such party shall not be considered to be in breach hereof, in the event that such party's performance is rendered impossible or impracticable due to causes beyond the control of such party and not caused by the negligence or intentional act of such party, including such things as fires, floods, strikes, or embargos.

Article 13 – OFFICIAL NOTICES

Unless otherwise provided in this Partnership Agreement or its Attachments, any communication provided or permitted hereunder shall be in writing and addressed to the party for which it is intended. The Host shall forward official notices or feedback to Bayz as follows:

E-mail: partner@bayzparking.com

APPENDIX A – OUTLINE AND RESPONSIBILITIES

Article 14 – INTRODUCTION

Bayz is pleased to present a proposal whereby Bayz is exclusively allocated one or more parking spaces that you are solely responsible for. Bayz will make your allocated parking available to the general public through its mobile app.

Article 15 – SCOPE OF SERVICE

The scope of the BayzTM service is to make additional revenue for you from your allocated parking spaces through the BayzTM mobile app. This will be on an exclusive basis and the clear aim will be to maximise Private Host parking allocation in your building or complex over time to maximise parking space utilisation and income for all parties. The objectives, key tasks and deliverables of the Bayz service are as follows:

15.1. Objectives
  1. Provide you with additional income from your unutilised parking space(s).
15.2. Key Bayz Tasks
  1. Supply your building or complex with a prominent marker on the Bayz in-app map1 ;
  2. Provide you with stickers to clearly identify allocated Bayz parking spaces;
  3. Fully train your building or complex staff involved in the process; and
  4. Assess and monitor parking behaviour on an ongoing basis.
15.3. Bayz Deliverables
  1. A parking app;
  2. Stickers to be located at the allocated parking spaces; and
  3. Periodic reports and assessments of revenue generated by Bayz for you (in addition to monthly statements).

Article 16 – HOTEL REQUIREMENTS

You will be required to do the following:

  1. Allocate one or more parking spaces to Bayz on an exclusive basis;
  2. Allow and support the location of Bayz stickers at the allocated parking spaces;
  3. Allow and support the posting of Bayz promotional material;
  4. Ensure the purchase of twin tablets for running the host Bayz app by operational staff of your building or complex; and
  5. Ensure location management and operation of the host app and devices.


1 This is subject to sufficient uptake of the Bayz app by condominium residents, tenants or owners within your building or complex.

Article 17 – PRICING AND INCOME

Bayz will, in consultation with your building or complex, price its parking fees so as to attract additional parkers.

Bayz Parking reserves the right to adjust pricing and offer discounts to strategic hosts and other individuals.

Article 18 – CHANGING THE AVAILABILITY OF YOUR PARKING SPACES

You have the flexibility to make your allocated parking spaces available or unavailable through the Bayz service at any time, through the Bayz Parking website at www.bayzparking.com. Changes will be effective immediately.

An example of when you may wish to make your allocated parking temporarily unavailable is when friends or relatives are visiting and will require parking.

Article 19 – PAYMENT

Parking fees will be collected from parkers by the Bayz app when they check out from your parking. Bayz will make payments to you on a monthly basis. Payments will be made within 20 working days from the end of each calendar month. With every monthly payment, you will also receive an E-mailed PDF statement for each of its Bayz locations showing a clear illustration of the income received through the use of the Bayz app.

In the event that there is any delay in processing a monthly payment (e.g. if parkers fail to check out before midnight on the last calendar day of the month), there may be delays in monthly payment of fees to private hosts in your building or complex.