Last Updated : 6th November 2022
Version 1.1

Terms of Service

The following Terms of Service ("Terms" or "Agreement") govern your use of all websites owned, operated, and services offered by PremiumSide Sdn. Bhd. ("PremiumSide"). By visiting, browsing, using any features made available on the domain, sub-domains, and affiliated domains of www.premiumside.com (collectively, the "Websites"), or by purchasing any Services from PremiumSide, you declare that you have fully read, understood, and agree to be legally bound by and abide by this Terms of Service. This Agreement contains the Terms and Conditions ("T&C") applicable to your use of our online and employee-assisted services ("Service" or "Services") as described and available and is in conjunction with any specific terms and conditions that apply to the particular Services.

If you do not agree to any of these terms listed , you are prohibited from visiting, browsing, using this website or any other Services which PremiumSide made available for our visitors and users.

1. Definition

Visitor

Website visitors who are not registered as a PremiumSide user.

User

Individuals and organizations who apply for a PremiumSide Account, and registering as a user of PremiumSide.

Buyer

User who show interest in any of the business listings and contacted

Seller

a) User who list any businesses with partial or full ownership for sale on the PremiumSide platform.
b) User who list any businesses for sale on behalf of the business owner(s) or organization(s) on the PremiumSide platform.

Broker

User who register as a licensed business broker and list any businesses for sale on behalf of the business owner(s) or organization(s) on the PremiumSide platform.

PremiumSide

The PremiumSide company.

PremiumSide Account

An account used to sign in to your PremiumSide account where you can manage your personal information, listing and services

Services

The Listing Services, Valuation Services, Brokerage Services or any other professional services made available to you through this Website

Listing Service

A professional service carried out by PremiumSide's official business brokers. A service which PremiumSide valuate your business venture based on a number of factors and to provide an estimation of the market value.

Such services are optional and are not included with our Basic, Advance and Premium listing plans.

Valuation Service

A professional service carried out by PremiumSide's official business brokers. A service which PremiumSide valuate your business venture based on a number of factors and to provide an estimation of the market value.

Such services are optional and are not included with our Basic, Advance and Premium listing plans.

Valuation Service

A professional service carried out by PremiumSide's official business brokers. A service which PremiumSide valuate your business venture based on a number of factors and to provide an estimation of the market value.

Such services are optional and are not included with our Basic, Advance and Premium listing plans.

Brokerage Service

A professional services carried out by PremiumSide's official business brokers. The appointed business broker will work on your business for sale and handle everything for you.

Such services are optional and are not included with our Basic, Advance and Premium listing plans.

Listing Fee

A fixed fee which are charged based on each business listing on a one-time, monthly, quarterly or semi-annually basis advertising on the PremiumSide platform.

Affiliates

A third-party officially recognized by PremiumSide

2. General

PremiumSide is an online platform which provide listing advertising, searching and information services to registered users.

  1. PremiumSide does not guarantee or ensure any results from using the Services;
  2. PremiumSide does not guarantee or ensure any business or any transaction between the seller and buyer;
  3. PremiumSide does not act as a business broker, loan broker, money transmitter, payment manager, debt collector, or credit reporting agency;
  4. PremiumSide does not broker or sell any businesses for sale on the Websites.

Data and Information

All data and information provided on the PremiumSide's websites are strictly in a "as-is" basis. Although PremiumSide have taken necessary precautions steps to make sure that all data and information are the most up-to-date, and error free, PremiumSide will not be held legally liable for any inaccurate. As a user, before making any final decisions or going into any agreements with any sellers on the PremiumSide platform, it is your sole responsible to ensure that you have acquire the necessary information that you need.

Enquiries

PremiumSide does not guarantee that the seller or broker in charge of the business for sale will comply with your enquiry.

3. PremiumSide Account

Users must register for a PremiumSide account in order to use the PremiumSide platform and gain full access to all verified business listings. Such account registration is free. Both e-mail address and contact number must be verified before such account can be activate.

Seller Account

For user registering as seller, you will need to provide additional information and documents to prove your true identity before you can start listing any businesses for sale on the PremiumSide platform.

  • SSN / NRIC / Identity Number / Passport Number
  • A coloured photocopy of your SSN / NRIC / Identity Card / Passport
  • Any coloured photocopy of the most recent utility bill (electricity / water / telco)

Broker Account

For user registering as a licensed business broker, you will need to provide additional information and documents to prove your true identity before you can start listing any businesses for sale on behalf of any business owner(s) or organisation(s) on the PremiumSide platform.

  • SSN / NRIC / Identity Number / Passport Number
  • A coloured photocopy of your SSN / NRIC / Identity Card / Passport
  • A coloured photocopy of your valid business broker license (in any forms)
  • Any coloured photocopy of the most recent utility bill (electricity / water / telco)

4. Services
Listing Service

PremiumSide main's service is to provide a safe online platform which allows verified sellers to list their businesses for sale. PremiumSide charge a fixed amount of listing fees depending on the listing period choosen by the seller.

PremiumSide provides no guarantee

5. Seller Terms

Users who are registering as a seller must additionally comply with PremiumSide's Seller Terms listed within this section.

Ownership

All sellers must verify their ownerships towards the for sale businesses, proving that you have the full legal authorisation to list the business for sale. PremiumSide reserve the full rights to on-hold the business listing if such ownership is unable to be verified upon submission. You will be given 72 hours from the notification send by PremiumSide to provide the ownership documents or letter of authorisation. If the required documents or letter of authorisation is still yet to be send to PremiumSide within the given 72 hours, such business listing will be reject and cancelled automatically.

Authentication

It is your sole responsible to ensure that all data, information, documents, reports submitted by you to PremiumSide are true, authentic, original, and should never be falsely altered. If any part of the data, information, documents and reports are deemed to be falsely provided in order to make a sale for the business listed for sale, PremiumSide reserve the full rights to remove your business listing from the PremiumSide platform without prior notice and without any refund. Your PremiumSide account will be suspended or terminated accordingly as such action is strictly prohibited. Furthermore if the listed business have been sold to the buyer thru the PremiumSide platform, you are legally responsible for the consequences and legal actions which might be taken against you by the buyer.

Resubmission

If the business listing that you have submitted have been rejected or cancelled for any reasons listed above, you can resubmit such business listing by providing the unique code included within the e-mail upon rejection or cancellation. Such unique code can be use again to re-list any businesses that you want to sell in the future. The unique code will be valid for 2 years.

Response

As a seller of PremiumSide platform, you are required to respond to any enquiries made by potential buyers.

6. Broker Terms

Users who are registering as a licensed broker must additionally comply with PremiumSide's Broker Terms listed within this section.

Business Listing

By listing any businesses for sale on the PremiumSide platform websites, you acknowledge that such businesses are made available to be enquiry and purchase by any users of PremiumSide. If such businesses have been sold, no longer available for sale or whatsoever, you shall remove such listing as soon as possible.

Ownership

All brokers must provide a letter of consent to prove that you are the appointed business broker and have the full legal authorisation to list the business for sale. PremiumSide reserve the full rights to on-hold the business listing if such ownership is unable to be verified upon submission. You will be given 72 hours from the notification send by PremiumSide to provide the ownership documents or letter of authorisation. If the required documents or letter of authorisation is still yet to be send to PremiumSide within the given 72 hours, such business listing will be reject and cancelled automatically.

Authentication

It is your sole responsible to ensure that all data, information, documents, reports submitted by you to PremiumSide are true, authentic, original, and should never be falsely altered. If any part of the data, information, documents and reports are deemed to be falsely provided in order to make a sale for the business listed for sale, PremiumSide reserve the full rights to remove your business listing from the PremiumSide platform without prior notice and without any refund. Your PremiumSide account will be suspended or terminated accordingly as such action is strictly prohibited. Furthermore if the listed business have been sold to the buyer thru the PremiumSide platform, you are legally responsible for the consequences and legal actions which might be taken against you by the buyer.

Resubmission

If the business listing that you have submitted have been rejected or cancelled for any reasons listed above, you can resubmit such business listing by providing the unique code included within the e-mail upon rejection or cancellation. Such unique code can be use again to re-list any businesses that you want to sell in the future. The unique code will be valid for 2 years.

Response

As a licensed business broker of PremiumSide platform, you are required to respond to any enquiries made by potential buyers.

Contact Information

As a registered licensed business broker, you are require to provide a valid e-mail address or contact number which will be shown on the business for-sale profile. PremiumSide Privacy Protection will not be made available to all registered business broker.

7. Fees

PremiumSide charge a fixed amount of service fees depending on the period of the business listing. All at https://premiumside.com/pricing/ charge by PremiumSide are the fees to list each of the individual businesses for sale. The start date will being on the day when the listing is approved. Such service fees do not include professional services provided seperately by PremiumSide affiliates.

  • Basic Plan (1 month) : $29.00 USD
  • Advance Plan (3 months) : $59.00 USD
  • Premium Plan (6 months) : $99.00 USD

Auto-Renewal

All plans listed above are charge at a one-time fee as default. If you would like the specific business listing to be renew automatically on a recurring period, you will need to turn on the auto-renewal option upon making the payment.

Refund

All PremiumSide's service fees are non-refundable once paid or renewed. Please ensure that your actions and decisions are final.

8. Disclaimers

TO THE FULLEST EXTENT PERMITTED BY LAW AND

9. Limitation of Liability

PREMIUMSIDE® DOES NOT GUARANTEE OR ENSURE ANY BUSINESSES OR ANY TRANSACTIONS BETWEEN THE SELLER AND THE PURCHASER. PREMIUMSIDE DOES NOT ACT AS A BUSINESS BROKER, LOAN BROKER, MONEY TRANSMITTER, PAYMENT MANAGER, DEBT COLLECTOR, OR CREDIT REPORTING AGENCY. PREMIUMSIDE DOES NOT GUARANTEE ANY RESULTS FROM USING THE SERVICE, OR BROKER OR SELL ANY BUSINESSES FOR SALE ON THE WEBSITE.