Instructor Revenue Share
This sections potraits on Novedemy’s distribution plan for premium instructors. Novedemy seeks to make a sustainable partnership with instructors, where instructors are rewarded for creating amazing content and bringing students to the platform, and Novedemy is rewarded for driving sales for our instructors.
There is no fee to make and host a course on Novedemy, and you’ll publish as many free and paid courses as you wish
Instructor revenue share overview
Revenue Sharing and Payments
When an instructor or a publisher hosts a course or an eBook on our website and we sell that course or eBook to our students, the revenue generated by the paid courses will have 45% revenue share for the company and the remaining 55% revenue will be shared with the instructor or the publisher.
If a student purchases a course or an eBook in India, then it requires us to remit sales taxes, good and service tax (GST), or other similar transaction taxes (“Transaction Taxes”), under applicable law, we will collect and remit those Transaction Taxes to the competent tax authorities for those sales. If the student purchases the course from outside India through Paypal/Stripe GST is not applicable, but paypal/Stripe gateway charges would be applicable.
When a student purchases a course, we calculate the gross amount of the sale as the amount actually received by Novedemy from the student (“Sale Amount”). From this, the applicable taxes and payment gateway transaction charges are deducted to calculate the net amount of the sale (“Net Amount”).
If we make a sell through our any of our affiliates, we calculate the gross amount of the sale as the amount actually received by Novedemy from the student (“Sale Amount”). From this, the applicable affiliate commission, taxes and payment gateway transaction charges are deducted to calculate the net amount of the sale (“Net Amount”).
Your revenue share will be 55% of the Net Amount. Tutor or Publisher residing in India will have to furnish PAN card details for TDS deduction of 10% as per government norms. For Tutor or Publisher based outside India, TDS will not be deducted from your revenue share.
We process the payments in the 2nd week of every month. Any sell becomes mature after its 30 days guarantee period is over. Once a sell is matured, we credit the payments of that sell in the first week of the subsequent month. We reserve the right not to pay out funds in the event of identified fraud, violations of intellectual property rights, or other violations of the law.
We have the following two methods to remit your payments based on your locality:
· If you are an instructor/publisher residing in India, we remit your payments directly in your bank account through online bank transaction. To process your payments, we will require your bank account details such as account number, account holder’s name, bank name, branch name, and IFSC code.
· For instructors/publishers who reside outside India, we disburse the payments in U.S. dollars (USD), through PayPal/Stripe, regardless of the currency with which the sale was made. You must own a PayPal/Stripe account and keep us informed of the correct email associated with your account, in order for us to release your payments in a timely manner. We will assume transaction processing fees excluding foreign currency conversion fees. Your revenue report will show the sales price in Indian Rupees (INR) and your converted revenue amount in US Dollar (USD).
If required by the government agencies, we may demand any tax or other related documents from you. We reserve the right to withhold payments or impose other penalties if we do not receive proper identifying information or any other related documentation from you.
You understand and agree that you are ultimately responsible for any applicable taxes on your income to your local authorities.
All transaction details pertaining to the sales of the courses and eBooks that the Instructor/Publisher owns, and uploads will be provided inside user account.
When creating a course on our website, you will be prompted to set a price for your course and how much discount you want to offer. You may alternatively choose to offer your course for free. Company holds the right to revise the price if you opt to include your course for promotional activities.
If we make any change in our Revenue Sharing and Payments policy, we will inform you the same through email or posting a notice through our Services and provide you 30 days’ notice.
We use third-party advertising companies to serve ads when you visit our Web site. These companies may use aggregated information (not including your name, address, email address or telephone number) about your visits to this and other Web sites in order to provide advertisements about goods and services of interest to you.
We do not guarantee correctness, viability, validity and availability of information displayed on our website in the form of advertisements. We do not guarantee merchantability or fitness of the advertised information for any particular purpose.
We declare the advertisers and their clients or allied partners are neither our agents, nor partners. We do not provide guarantee for any published information on behalf of any of the advertisers and their clients or allied partners.
If you would like more information about this practice and to know your choices about not having this information used by these companies, please see: http://www.networkadvertising.org/managing/opt_out.asp
We are not liable to any user for:
· Any loss or damages of any kind, as a result of using our products and services or other information provided on the website.
· Special, direct, incidental, punitive, exemplary or consequential damages of any kind whatsoever in any way due, as a result of using or inability for using the website or its contents.
· Any third party websites or contents therein directly or indirectly accessed through links in the Site, including but not limited to any errors in or omissions.
· The unavailability of our website continuously or for any period of time.
Connectivity and Equipment Costs
If you avail our services as an Instructor, publisher or a registered user, then you are solely responsible to bear any costs arising out of the equipment required for providing or accessing such services. You are solely responsible for all costs related to connectivity and data access, and/or other fees and costs associated with your access to and use of the Company Products, including, but not limited to, any data charges imposed by a wireless carrier or Internet Service Provider, and for obtaining and maintaining all telephone, computer hardware, and other equipment required for such access and use.
As a user of this website, you agree to protect and fully compensate us and our associates, namely, service providers and technology partners, from any and all third party claims, liabilities, damages, expenses and costs, including, but not limited to, all legal expenses, arising from your misuse of our services.
Relationship Between Us
You and we agree that no joint venture, partnership, employment, contractor, or agency relationship exists between us.
Instructors/Publishers don’t have a direct contractual relationship with students, so the only information you’ll receive about students is what is provided to you through the Services. You agree that you will not use the data you receive for any purpose other than providing your services to those students on our platform. You will indemnify Novedemy against any claims arising from your use of students’ personal data.
Copyright and Trademarks
The web pages, tutorials, code snippets, graphics, diagrams, artwork and study material (referred to as “contents”) are the copyrighted property of KLMS HANDS-ON SYSTEMS PRIVATE LIMITED unless you have uploaded/hosted it yourself. It is strictly prohibited to retain, reuse, reproduce or publish the contents or a portion of contents in any format, without our written consent.
We use various third party logos or trademarks in our products like Tutorials Library, and Coding Ground and other hosted courses. These logos and trademarks have been taken from various technology inventors GNU, Oracle, Microsoft, SAP, IBM, Google etc. We strongly state that such logos and trademarks have no relation with Novedemy and they are property of their respective owners and they hold their copyrights.
Claims of Infringement
If you find your work has been duplicated in any hosted course, text tutorials, shared tutorials, white papers or any other part of the website and you believe it constitutes copyright infringement, or your intellectual property rights are violated, please bring it to our notice us to claim for copyright or other intellectual property infringement. Kindly send a mail to [email protected] You can claim for the infringement by producing valid and correct proofs of your work.
You understand that while using the resources of this website or participating in a course, you may be exposed to content from a variety of sources, and that we are not to be held responsible for the accuracy, quality, legality, or usefulness of such content.
We strive continuously to provide as precisely and as timely contents as possible, however, we do not guarantee the accuracy, completeness, correctness, timeliness, validity, non-obsolescence, non-infringement, non-omission, merchantability or fitness of the contents of this website for any particular purpose.
You further acknowledge that while using our services, you may be exposed to products, content or materials that are inaccurate, offensive, indecent, or objectionable, and you agree to indemnify us against any legal or equitable rights or remedies you may have against the company with respect thereto.
To the fullest extent permissible pursuant to applicable law, company and its affiliates, partners, licensors, and suppliers hereby disclaim all express, implied, and statutory warranties of any kind, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose, and non-infringement. No information, oral or written, obtained by you from company, an employee or representative of company or through the services will create any warranty not expressly stated herein.
We do not warrant that our services or any part thereof including any content or products offered through our services will be uninterrupted, or free of errors, viruses or other harmful components and do not warrant that any of the foregoing will be corrected. You understand and agree that you use, access, download, or otherwise obtain information, materials, or data through the company products, any associated sites or applications, and any third party sites at your own discretion and that you will be solely responsible for any damage to your computer system used in connection with the company products or loss of data that results from the download or use of such material or data.
We are not responsible, if the information contained in a material is altered, removed or deleted, after its complete or partial downloading by the user. Any material downloaded or referred shall be at the risk of the user.
Modification of Services
We may modify the features, pricing, and other aspects of our products and services at our discretion and these terms will continue to apply for the modified products and services. You further understand that we reserve the right to modify or discontinue, temporarily or permanently, our products and services (or any part thereof) with or without notice. You agree that we will not be liable to you or to any third party for any such modification including suspension or discontinuance of all or any portion of our products or services.
Termination of Agreement
We may at our discretion terminate your use of our products and services immediately without notice for any breach of these terms or any of our applicable policies, as posted on the site from time to time. We may discontinue offering a product or service at any time which will terminate your right to access our resources.
You are within your rights, unless you are an instructor, to terminate your use of our products and services at any time, either by not visiting our site, or by contacting us at [email protected]
If you have registered with us as an instructor and have users enrolled in your course(s), then it becomes your obligation to complete all the stipulated sessions and notify us through email before terminating this agreement.
Upon termination, we have no obligation to retain any of your account or submitted content for any period of time beyond what may be required by applicable law.
If you having some payment related questions please email us on [email protected]