COOKIES POLICY AND PRIVACY NOTICE
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COOKIES NOTICE
PRIVACY NOTICE
Last updated: October 20, 2025
We understand that your trust is our most important asset. As such, your privacy is essential for us, the Vastovers Holdings Ltd or its subsidiaries (hereinafter referred to as “Vastovers”, “we” or “us”). This privacy notice (hereinafter referred to as “Privacy Notice”) is applicable, inter alia, to (i) our website https://www.vastoversholdings.com, including the website of all its subsidiaries and its related web links and mobile apps (hereinafter referred to as the “Website and Mobile Apps”) and all relations between Vastovers and its Partners.
Please read this Privacy Notice together with (i) the Vastovers Cookie (ii) Vastovers Privacy Notice (iii) Vastovers Disclaimer Note (iv) the Vastovers terms and conditions for Partners, in which the terms as used in this Privacy Notice are carefully defined, and (v) the Vastovers terms and conditions for sales
This Website is operated by Vastovers Holdings, a Company incorporated under the Companies and Allied Matters Act, 2020, with its headquarters domiciled in Federal, Capital Territory, Abuja, Nigeria. The Operator and its affiliates recognize their responsibility to protect the data on its cloud database and your privacy.
At all times, our Data Protection Policy complies with all data protection requirements provided by the Nigerian Data Protection Act, 2023 (NDPA) regarding the protection of natural persons in relation to the processing of personal data.
This Privacy Notice includes information about the personal data collected by Vastovers, as well as the manner in which Vastovers uses and processes this personal data.
When spoken about “you”, ‘’your identification’’, etc., this includes (i) you as Vastovers Partner, (ii) when a personal identification is given for and on behalf of a third party/ies intended for relations with Vastovers, and whereby this Privacy Notice is applicable to both you and the third party/ies.
Visiting the Website and Mobile App, creating a Vastovers membership account, registering for an Event, filling out a quiz form, scanning of your badge at an Event, completing a booking form and exchanging business cards implies your express approval (through disclosure of your personal information or opt-in) of the Privacy Notice and consequently how we collect, use and process your personal data.
We shall do our best to prevent unauthorized personal data exchange and manipulation. This notice applies to personal data we collect through this website, other registrations, other websites, mobile applications, online portals, electronic forms, surveys, interactive exhibits, and any other channel or mobile feature we operate (collectively, “our sites”). This notice may be updated to reflect our practices and applicable law changes.
Links to third-party sites. This website may include links to third-party websites, plug-ins, and applications. Clicking or enabling those links may allow third parties to collect or share your data. This notice does not apply to third-party sites that may link to or be accessible from our sites. We are not responsible for the content, features, functionality, or privacy practices of other linked sites or services. We do not control these third-party websites and are not responsible for their privacy statements. When you leave our website, we encourage you to read the privacy policy of every website you visit. I declare the above information is accurate and correct and that I am the person, parent, or guardian of the person whose name appears above.
I have read and consented to the Privacy & Cookies Notice and agree to collect, use, transfer, and process my data for the specified purposes. In particular, I consent to the sharing and cross-border transfer of my data by the Privacy & Cookies Notice for the purposes specified above.
GLOSSARY
Affiliated Third Parties include companies with which we have joint ownership, management, or other contractual strategic support or partnership relationships with our advisers, consultants, bankers, vendors, or sub-contractors.
This Privacy Policy provides information about how we process personal information through the website. Upon reading this Privacy Policy, you will be informed regarding the following:
DATA COLLECTION
We collect your data when you voluntarily provide it to us. For example, you may give us your email address, country of residence, and areas of interest if you choose to receive newsletters, updates, or other information from us; your contact information and any other personal data you choose to include if you send a mail, text, or instant message to us, or contact us through our sites; and any personal data contained in, or included with, any proposal documents, feedback, comments, photos, videos, or other information you submit via online portals, forms, surveys, or interactive portions of our sites. It is always your choice whether to provide this personal data. However, some personal data must be provided to participate in certain programs, activities, or events (such as signing up for a newsletter, applying for a job, getting a grant, or registering to participate in one of our events) so the decision not to provide information might limit or eliminate such functions of our sites or your ability to participate in such programs, activities, or events. Please do not disclose more personal data than is requested, and do not provide personal data about others unless authorized or required by contract or applicable law. You may provide personal data on behalf of another person if you have provided them with a copy of this notice and any applicable supplemental privacy notice and obtained their explicit consent. We may ask you to provide evidence of that notice and consent.
Data that may be requested include:
Please see Cookies & Similar Technologies for more information, including managing cookies, pixels, and similar technologies. You provide this information through direct interaction when you visit our website, sign up for our newsletters or publications, request marketing materials to be sent to you, respond to surveys, complete our feedback or comment form, provide your business card to any of our staff, sign our visitor management form, complete other forms, apply for employment through our careers page, or contact us to request for any information or other correspondence by post, email, our website or otherwise. We do not intentionally or knowingly collect any Sensitive Personal Data. We ask that you do not send to us or disclose such sensitive personal data saved where required for a specific purpose.
MINORS
Our sites are not intended for minors (individuals under 13 or equivalent minimum age, depending on jurisdiction), and we do not knowingly collect personal data from minors. Please contact us for any personal data we collected from a minor. If we learn that we have collected personal data from a minor, we will take steps to delete the data without notice as soon as possible.
USE AND DISCLOSURE OF DATA
Purpose
We may use your personal data to:
Change of Purpose
We will only use your Data for the purposes above unless we reasonably consider that we need to use it for another reason and that reason is compatible with the original purpose. If we need to use your Data for an unrelated purpose, we will notify you and request your express consent. If you wish to explain how the processing for the new purpose is compatible with the original purpose, please contact us.
Additional purposes
Additional purposes for using your personal data may be described in a supplemental privacy notice. Persons who have access to your Personal Data
We may share your personal data with our employees, agents, and affiliates who have a business need to know, our services providers (including contingent workers, consultants, contractors, vendors, and out-sourced service providers) to process it for us based on our instructions and for no other purpose, and with partners that are collaborating with us to fund projects or host events. We do not share your personal data with any third party (including our service providers) for marketing purposes unless you have provided consent for us to do so. If you believe personal data you provided to us is being misused by a third party, please contact us right away. We will transfer your Personal Data to only those Affiliated Third Parties who we are sure can offer the required level of protection to your privacy and information and who are also contractually obligated to us to do so. We do not and will not at any point in time sell your Personal Data. We require all Affiliated Third Parties to respect the security of your personal data and to treat it in accordance with the law. We do not allow our professional service providers to use your Personal Data for their own purposes and only permit them to process your Personal Data for specified purposes and in accordance with our instructions.
The release of purchased items to customers is contingent upon the Company receiving confirmation of the actual payment amount. As payments may be processed through third-party financial institutions or payment gateways, we have limited control over these transactions until we obtain the confirmed payment. Therefore, we encourage customers to direct any inquiries regarding payments not yet received by the Company to the respective third-party financial institution or payment gateway. As a result, the Company cannot accept responsibility for any payments that remain unsettled, unsuccessful, or unconfirmed.
As a member of Vastovers Partners, you may be introduced to various social groups, including but not limited to WhatsApp, Instagram, X, Facebook, LinkedIn, and others, to facilitate achieving our collective goals and objectives. By joining Vastovers Partners, you acknowledge that you may be automatically added to these social groups without prior consent. However, you retain the right to continue your membership or opt-out if you feel uncomfortable remaining in any particular group. Your comfort and preferences in this regard are vital to us.
STORAGE AND PROTECTION OF DATA
Information submitted by you is stored on secure servers we have which are encrypted and access is restricted to only authorized persons in charge of maintaining the servers. We have put in place physical, electronic and procedural processes that safeguard and protect your information against unauthorized access, modification or erasure.
The personal data we collect may be transferred to and processed in another country other than your country of residence for the purposes stated above. The data protection laws in those countries may be different from, and less stringent than the laws applicable in your country of residence. Your personal data may be stored in your region or in any other country where we or our service providers have facilities. We may also allow employees and service providers located around the world to access personal data as provided in this notice. Our staff also have an obligation to maintain the confidentiality of any Personal Data held by us. If your personal data is subject to GDPR, UK GDPR, or POPIA, we will ensure your legal rights and protections travel with any such “transfer” of your personal data as required by applicable law. We will also comply with similar applicable laws regarding the storage and transfer of personal data in other jurisdictions where your personal data may be collected or provided. By accepting this Policy or by providing your Personal Data to us, you expressly consent to such transfer and Processing. However, we will take all reasonable steps to ensure that your data is treated securely and transfer of your Personal Data will only be done in accordance with the requirements of applicable laws and to parties who have put in place adequate controls to secure and protect your Personal Data.
Unless a longer storage period is required or justified (i) by law or (ii) through compliance with another legal obligation, Vastovers will store your personal data until it is no longer needed to fulfill the purpose(s) for which it was collected or as otherwise required or permitted by law. After such time, we will either delete or anonymize your personal data or, if this is not possible, we will securely store your personal data and isolate it from any further use until deletion is possible.
Software and/or computer interactions, screen captures, recorded events and video recordings taken and/or recorded before, during and after a Vastovers event (whether physical or virtual), as well as any detected suspicious behavior and/or patterns in particular, will be stored for a minimum of sixty (60) days. After sixty (60) days, video recordings may be deleted or stored by Vastovers and/or the third party or affiliate organization for a maximum period of two (2) years.
We may dispose of any data in our discretion without notice, subject to applicable law. We may retain your Personal Data for a longer period in the event of a complaint or if we reasonably believe there is a prospect of litigation in respect to our relationship with you. To determine the appropriate retention period for personal data, we consider the amount, nature and sensitivity of the Personal Data, the potential risk of harm from unauthorized use or disclosure of your Personal Data, the purposes for which we process your Personal Data and whether we can achieve those purposes through other means, and the applicable legal, regulatory, tax, accounting or other requirements. Where your Personal Data is contained within a document, the retention period applicable to such type of document in our document retention policy shall apply. Please contact us if you would like more details regarding our retention periods for different categories of personal data.
Other Websites
The Vastovers Website and Mobile App may contain links to other websites or Mobile Apps. In no event, Vastovers is responsible for the privacy policies or practices of any third party.
Update Privacy Declaration
Vastovers may update this Privacy Notice by posting a new version on the Website and Mobile Apps, and all such update is binding on you. As such, it is strongly recommended to regularly consult the Website and Mobile Apps and more specifically the page explaining the Privacy Notice, to make sure that you are aware of any changes.
DATA RIGHTS
Data Protection Laws provides you with certain rights in relation to the information that we collect about you:
(a) revealing racial or ethnic origin, political opinions, religious or philosophical beliefs, or trade union membership; or
(b) concerning health or data concerning a natural person’s sex life or sexual orientation.
CONTACT VASTOVERS
We welcome any queries, requests you may have regarding our Data Protection Privacy Policies, or our privacy practices. Contact us at privacy@vastovers.com or by completing the Contact Us Form stating your concern. By post to: Vastovers, Suite 36A, Lebrex Plaza, $6 Ajose Adeogun Street, Utako, Abuja, Nigeria.
Newsletters, auto-generated emails, and updates from us often include links to access, correct, or delete your personal data and to manage any subscriptions directly. If you do not wish to receive promotional communications from us, you can opt-out by following the instructions contained in the messages you receive. Even if you opt-out of receiving these promotional communications, we reserve the right to send you certain communications relating to our sites, including administrative messages. We do not offer you the opportunity to opt-out of receiving those communications. For more information about interest-based advertising, including how you can manage advertising, please see above “Interest-based advertising.”
In case you are not satisfied with the way Vastovers handled your question and/or remark or have any complaints about the way Vastovers collects, uses and/or processes your personal data, note that you have the right to lodge a complaint with the Data Protection Authority.
SUBJECT ACCESS REQUEST RESPONSE PROCEDURE
Fees and Timeframe
We shall ensure that we provide the information required by you within a period of one month from the receipt of the request. Occasionally, it could take us longer than a month if your request is particularly complex or you have made a number of requests. In this case, we will notify you and keep you updated. However, where we are unable to act on your request, we shall inform you promptly at least within one month of receipt of the request of the reasons for not taking action and give you the option of lodging a complaint with the NDPC. Where the request relates to any perceived violation of your rights, we shall take appropriate steps to remedy such violations, once confirmed. Remedies shall include but not limited to the investigation and reporting to appropriate authorities, recovering the personal data, correcting it and/ or enhancing controls around it. You shall be appropriately informed of the remedies employed. Any information provided to you by us shall be provided free of charge. However, where requests are manifestly unfounded or excessive in particular because of their repetitive or cumbersome nature, we may:
Data Privacy Request Form
Please complete this form to help us respond to your data privacy request. Include details in the Additional Information field to explain your request further.
If you are submitting multiple requests, please complete a separate form for each request.
Note: This form may be used only for inquiries relating to the Privacy & Cookies Notice, and we can only review privacy inquiries received in English. See the Contact page for help with other types of inquiries.
What is the nature of your request? *
–Select—from options
Additional information about the nature of your request* ________________
Relationship*
–Select—from options
Additional information about your relationship with us*
Please enter details to explain your relationship further and help us locate your data. For example, if you selected “Employment/Job Applicant” above, are you a current or former employee, non-employee staff member, or job applicant?
First name* _____________
Last name*____________
Email*_____________
Country*
–Select–
I understand and agree that this request will be processed in accordance with applicable law(s), and therefore it is possible that my request may not be fulfilled, in whole or in part.
DISCLAIMER NOTE
This is not an offer; offers will be made only by means of the Regulation D Offering Documents (available at https://doc.vastovers.com) or the Regulation A+ Offering Circular (available at https://paper. vastovers.com), either of which may be updated or amended from time-to-time with the most recent Offering Circular or Offering Documents. The Regulation D offering under Rule 506(c) is for accredited investors only.
The acquisition of any property identified in this communication is subject to various contingencies and may not be consummated. Past performance is not an indication of future results. Investing involves risk and may result in partial or total loss. Prospective investors should consider carefully investment objectives, risks, charges and expenses, and should consult with a tax, legal and/or financial adviser before making any investment decision. For additional information, visit www. vastovers.com/disclosures.
GENERAL DISCLOSURE
PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS, AND ANY EXPECTED RETURNS OR HYPOTHETICAL PROJECTIONS MAY NOT REFLECT ACTUAL FUTURE PERFORMANCE. FURTHERMORE, PAST RETURNS MAY REFLECT THE PERFORMANCE OF ASSETS FOR A FINITE TIME, OR DURING A PERIOD OF EXTREME MARKET ACTIVITY. ALL INVESTMENTS INVOLVE RISK AND MAY RESULT IN PARTIAL OR TOTAL LOSS.
There can be no assurance that an investment mix or any projected or actual performance shown on the Site will lead to the expected results shown or perform in any predictable manner. It should not be assumed that investors will experience returns in the future, if any, comparable to those shown or that any or all investors on the Site experienced such returns.
Historical and Projected Performance Disclosure
In considering any performance information shown on the Site, one should bear in mind that past or targeted performance is not indicative of future results, and there can be no assurance that any issuer will achieve comparable results or that target returns will be met. One should also bear in mind that targeted portfolio characteristics are not indicative of future results, and there is no assurance that target portfolio characteristic will be achieved.
References to “Targeted IRR” and “Targeted Equity Multiple” represents a property’s internal rate of return (“IRR”) or equity multiple based on such property’s forecasted cash flows generated over a period of time and the amount invested in the property. This is different from the forecasted IRR or Equity Multiple to the investor in an applicable fund or other investment vehicle.
PROJECTED AND/OR HYPOTHETICAL PERFORMANCE DOES NOT REPRESENT AN ACTUAL INVESTMENT IN ANY OF THE OFFERINGS SPONSORED BY VASTOVERS, MAY NOT REFLECT THE POTENTIAL EFFECT OF MATERIAL ECONOMIC AND MARKET RELATED FACTORS, AND DO NOT REPRESENT THE ACTUAL PERFORMANCE OR EXPERIENCE OF ANY GIVEN INVESTOR ON THE VASTOVERS WEBSITE.
Nothing contained on the Site should be deemed to be a prediction for projection of future performance of any issuer. Prospective investors should make their own investigations and evaluations of the information contained herein. Each prospective investor should consult its own attorney, business adviser and tax adviser as to legal, business, tax and related matters concerning the information contained herein and such offering.
The information shown on the Site uses or includes information compiled from sources outside of Vastovers and its affiliates. While such information is believed to be reliable for the purposes used herein, neither Vastovers, nor any of its affiliates or partners, members or employees, assume any responsibility for the accuracy of such information. Unless otherwise indicated, the information on the Site has not been reviewed, compiled or audited by any independent third-party or public accountant.
Actual investors on the Site may experience different results from any hypothetical results shown. There is a potential for loss, as well as gain, which is not reflected in the hypothetical information portrayed. The hypothetical performance results shown do not represent the results of actual investment activity but were achieved by means of the retroactive application of a model designed with the benefit of hindsight. Investors should carefully review the additional information presented on the Site as part of any hypothetical calculation.
Offering Disclosure
The offerings available on the Site, except where otherwise indicated (i.e. Regulation A offerings), are only open to independently verified “accredited investors,” in accordance with Rule 506(c) under Regulation D of the Securities Act of 1933, pursuant to each issuer’s private placement memorandum, or prospectus. Prior to investing, you will be asked to independently verify your “accredited investor” status, except where otherwise indicated.
For our current Regulation A offering(s), no sale may be made to you in this offering if the aggregate purchase price you pay is more than 10% or the greater of your annual income or net worth (excluding your primary residence, as described in Rule 501(a)(5)(i) of Regulation D). Different rules apply to accredited investors and non-natural persons. Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 251(d)(2)(i)(C) of Regulation A. For general information on investing, we encourage you to refer to www.investor.gov.
Offers to sell, or solicitations of offers to buy, any security can only be made through official offering documents that contain important information about investment objectives, risks, fees and expenses. Investors are encouraged to consult with a financial advisor, attorney, accountant, and any other professional that can help you to understand and assess the risks associated with any investment opportunity.
Some of the statements contained on the Site are forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause the project’s actual results, levels of activity, performance, or achievements to be materially and adversely different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. An investment in any issuer available on the Site involves substantial risks, including risk of partial or total loss of investment, and each investor should carefully consider the Risk Factors contained in each issuer’s offering circular, private placement memorandum, or prospectus. Except as required by law, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. We undertake no obligation to update publicly any forward-looking statements for any reason to conform these statements to actual results or to changes in our expectations.
The information presented regarding each issuer’s offering, including information regarding financial status, business strategy, investment objectives, historical performance, projections, redemption plans, etc., merely constitute a summary of such information and is qualified in its entirety by the disclosure contained in each issuer’s offering circular, private placement memorandum, or prospectus. There can be no guarantee that any issuer available on the Site will achieve its business objectives or that it will become or continue to be profitable.
Securities sold by Vastovers are not publicly traded and, therefore, are illiquid. Additionally, securities sold through private placements may be subject to restrictions on resale or transfer including holding period requirements. Investing in private placements requires high risk tolerance, low liquidity need, and long-term commitments. Users must be able to afford to lose their entire investment.
All information contained in the Site has been prepared without reference to any particular investor’s investment requirements or financial situation. The Site may not be used by any person or entity in any jurisdiction where the use thereof would be contrary to applicable laws, rules or regulations of any governmental authority, regulatory or self-regulatory organization or clearing organization.
Neither the SEC nor any state securities commission or regulatory authority approved, passed upon or endorsed the merits of any investment on the Site.
Reviews and Comments Disclosure
All ratings and reviews are provided to various independent social media sites voluntarily. The average rating review is determined by the various independent social media sites, and not by Vastovers or any of its affiliates. Ratings and reviews are added continuously to the independent social media sites and average ratings are updated by the independent social media websites and not by Vastovers.
The ratings and experience of investors may not be representative of the experiences of all investors and is not indicative of any future success. The accuracy of information included in the ratings and reviews cannot be guaranteed by Vastovers or any of its affiliates.
VASTOVERS TERMS AND CONDITIONS FOR PARTNERS
Vastovers Partners Membership
Your subscription to the Vastovers automatically validates your membership as a Vastovers Partner. Read the Vastovers Partners Terms and Conditions, here, or from the website of Vastovers Partners.
THE POLICY STATEMENT FOR THE VASTOVERS PARTNERS LOYALTY PROGRAM
QUALIFICATION CRITERIA
PARTNER ENGAGEMENT AND COMMISSION PAYMENTS
REFERRAL POLICY
CONDITIONS FOR TERMINATION OF THE VASTOVERS PARTNERS LOYALTY PROGRAM.
PAYMENT BY INSTALMENT/REFUND POLICY FOR A PRODUCT
A Partner must read through this Installment Payment/Refund Policy before subscribing to a Vastovers Product.
Vastovers Holdings or its subsidiaries is called Vastovers. An investor or client of Vastovers is called a Partner. A Product refers to a property or a piece of commodity, luxury goods, or an item the Partner subscribes to purchase from Vastovers.
The Instalment Payment/Refund Policy aims to inform a Partner who chooses to pay for a Product in installments of the plans available to them under such circumstances. And better educate a Partner who chooses payment by installments on the terms and conditions of their choice. This document is an agreement between Vastovers and the Partner regarding installment payment.
This Policy will commence when a Partner subscribes to a Vastovers Product.
This Policy applies to a Partner of Vastovers who chooses the installment payment plan.
For a Partner to be eligible for the payment by installment, such a Partner must:
BY CHOOSING THE INSTALMENT PAYMENT PLAN, THE PARTNER MUST UNDERSTAND THAT:
i i. The period to complete all installments is at least three (3) months and a maximum of twelve (12) months.
iii. Default to make the balance payment within the agreed period shall attract a Ten percent (10%) increase on the balance for every month that such Partner defaults. The ten percent (10%) increase on the balance is an administrative charge against the defaulting Partner.
Vastovers does not refund any advanced payment.
However, funds transferred for the purchase of a Product shall be refundable to the Partner subject to the following terms and conditions:
i i. The Partner asking for a refund shall give Vastovers at least three months’ written notice to notify them of their intention to get a refund.
iii. Only the amount requested for refund shall be paid after deducting all applicable charges.
vii. The refund balance shall be subject to all the conditions of installment and refund, including the applicable charges mentioned above for default.
viii. Vastovers shall complete a requested refund within two months after the elapse of the 3-month notice period within which the refund request is made.
Vastovers reserves the right to vary, replace, or terminate this policy at any time.
The Partner acknowledges that they have read and understood the Vastovers Instalment Payment/Refund Policy and agrees to comply with its Terms and Conditions.
CONDITION FOR WITHDRAWAL OF CAPITAL BEFORE MATURITY OF INVESTMENT TENURE.
DISCLAIMER REGARDING DIETARY SUPPLEMENTS, MEDICINAL PRODUCTS OR OTHER CONSUMER PRODUCTS.
This disclaimer pertains to the use, prescription, recommendation, and all promotional, marketing, and sales activities associated with dietary supplements and medicinal products intended for specific consumer groups or patients and the prevention, management, or treatment of designated health conditions.
TERMS OF ENGAGEMENT OF PARTICIPANTS IN CONTENT CREATION, PROMOTIONAL, ADS CAMPAIGNS AND MEDIA CHALLENGES.
If you’re interested in participating in our social media campaigns for pharmaceutical and medical products, effective content creation and advertising are essential for building trust and ensuring that patients receive accurate information. We follow the ethical guidelines set by the Pharmacists Council of Nigeria (PCN) and the National Agency for Food and Drug Administration and Control (NAFDAC). It is crucial to prioritize transparency, accuracy, and patient education while adhering to these ethical standards.
Recommended Practices:
It’s essential to provide clear and factual information about pharmaceutical products, including their benefits and potential risks.
Offering resources that explain various medical conditions and treatment options helps patients make informed decisions about their health.
Highlighting the effectiveness of products can significantly enhance the patient experience and inform their choices.
Collaborating with experts in the field can help establish credibility and build trust with the audience.
Utilizing online channels is an effective way to disseminate information and connect with a wider audience.
Gathering feedback from patients and healthcare professionals is vital for understanding needs and improving services.
Compliance with advertising regulations is non-negotiable and ensures responsible marketing practices.
Practices to Avoid:
Exaggerated claims about product efficacy can mislead patients and create distrust.
It is important not to influence a patient’s choice of healthcare provider, allowing them to make decisions that are best for their health.
All communications should ensure that patients understand their treatments thoroughly.
Avoid manipulative marketing practices that could compromise integrity.
Always prioritize adherence to advertising regulations to uphold industry standards.
Listening to concerns and suggestions from patients is essential for improving services and products.
Ensuring accuracy and relevance in all communications is critical for maintaining trust.
Marketing communications should avoid nudity and seductive remarks to maintain professionalism and respect for the audience.
Participation Criteria:
Winning Criteria:
To be considered for winning, participants must fully meet the established criteria, which may vary based on current terms. Typically, winning is determined by factors such as the level of engagement on posts, including likes, comments, and shares, with specific targets set for each campaign. Additionally, success may be assessed based on the number of product packs sold or the expected sales amount for the target products.
VASTOVERS SUPPLIER AGREEMENT
THIS SUPPLIER AGREEMENT {“Agreement”} is made the day you execute it and as captured on our application.
Vastovers (Vastovers Stemordz Ltd, Vastovers Fromatoz Ltd or any other subsidiary of Vastovers Holdings or Affiliates), a Company incorporated under the Laws of the Federal Republic of Nigeria and having its office at suite 36a Lebrex Plaza, 47 Ajose Adeogun Street, Utako, Abuja, hereinafter referred to as “Vastovers” (which expression shall, where the context so admits, include its successors-in-title and assigns), of the one part.
AND
Your Entity as named in your sign-up data, a Company incorporated under the Laws of the Federal Republic of Nigeria and having its registered office as indicated in the sign-up data hereinafter called “the Supplier” (which expression shall where the context so admits include its successors-in-title and assigns) of the other part.
Vastovers and the Supplier named above, and their respective successors and assignees (if any), may sometimes individually be referred to as “Party” and collectively as “Parties”.
WHEREAS:
Vastovers desires to purchase Products from the Supplier and the Supplier has agreed to supply them to Vastovers subject to the terms and conditions contained in this Agreement.
NOW, THEREFORE, in consideration of the premise and the mutual promises and covenants contained herein, the Parties hereby agree as follows:
1.0. PURCHASE OF PRODUCTS
Products shall refer to any item or commodity or service intended to be purchased by Vastovers and to be supplied by you. Except to the extent that the Parties may otherwise agree with respect to a particular order, the Products shall be ordered by Vastovers pursuant to written Purchase Orders. Upon the receipt of each Purchase Order by the Supplier hereunder, the Supplier agrees that it shall supply the Products, in such quantities and use its best efforts to deliver such products to Vastovers no later than four (4) days.
2.0. DELIVERY TERMS
2.1. The Supplier hereby agrees with Vastovers that the Products specified in any Purchase Order shall be delivered to Vastovers’ warehouse free of any charge and title to the Products shall pass to Vastovers subject. The Supplier further agrees that the product shall be ethically prepared, packaged for safe delivery and transported by the Supplier in such manner as to enable them reach their destination in good condition. Parties agree that each order shall be accompanied by a delivery note from the Supplier, evidencing the Purchase Order Number, the date of the Purchase Order, Date of the Delivery of the Products, the type of the Products, quantity of the Products and specification of the Products, and in the case of an Order being delivered by installments, the outstanding balance of Products remaining to be delivered within the expected time of the delivery of the outstanding products.
3.0. PRICING, INVOICING AND PAYMENT TERMS
3.1. The Parties hereby agree that the Supplier shall give to Vastovers the best price in the market, according to the Supplier’s published and approved price list in force as at the date of each purchase order. The said price list shall be on the Supplier’s letter head paper and signed by its authorized signatory.
Parties also agree that the Supplier shall give Vastovers at least one (1) week notice prior to any price change. For the avoidance of doubt, the one (1) week will begin to count from the date on which Vastovers is informed of the change in price.
For the avoidance of doubt, the business transaction will be on sales or return. Monthly reconciliation will be done by the end of each month and Vastovers shall pay for only goods that have been sold. This is to enable
Vastovers understand the demand pattern and trend for the Products and stock accordingly.
4.0 ACCEPTANCE AND DEFECTIVE GOODS
4.1. Upon delivery, all items must be duly checked and all non-conforming products must be retrieved on the spot by the Supplier.
4.2. Vastovers will report in writing or in any other official means of communication any hidden or latent defects within Seven (7) days following the discovery of the defects.
5.0 RETURNS AND PRODUCT RECALL
5.0.1. The Supplier and Vastovers mutually agree that the grounds upon which Vastovers may return Products include but are not limited to:
5.0.2. Where the Products are received damaged, defective or non-conforming with regulatory standards.
5.0.3. Where the Products do not meet the minimum shelf-life.
5.0.4. Where the Products are recalled by the Supplier or any regulatory authority.
5.0.5. The Supplier may, where necessary or at the request of a regulatory authority, recall certain batches of a product from the market or implement such other measures that it determines appropriate. In such an event, the Supplier will inform Vastovers as soon as possible and Vastovers will provide the Supplier with all necessary assistance upon request, including tracing or recalling particular batches of product and, as necessary, identifying the relevant end consumers to whom the product from that batch had been delivered”.
6.0. QUALITY ASSURANCE, CERTIFICATION AND ETHICAL BEHAVIOUR
The Supplier shall provide evidence that the Products being provided by the Supplier have adequate certification and records to establish that the Products have been manufactured to an acceptable standard and subjected to adequate quality assurance procedures. The Supplier represents and warrants that it has conducted and shall conduct its business in accordance with the highest ethical standards and it shall comply with all applicable laws in the performance of its obligations under this Agreement, but not limited to, legislation dealing with ethical business practices.
7.0. INDEMNITY
Parties shall indemnify, defend and hold harmless the other Party and each of its subsidiaries and affiliates, and each of their respective officers, directors, employees, agents, representatives and shareholders, predecessors and successors, from and against any and all claims, demands, causes of action, damages, losses, liabilities, judgments, costs, fees and expenses (including, without limitation, reasonable costs and expenses of investigation and settlement and reasonable attorneys’ fees and expenses) (collectively, “Losses”), to the extent arising out of or relating to any breach by the defaulting Party of its representations, warranties, covenants or obligations set forth in this Agreement. Such indemnification obligations shall survive the expiration or termination of this Agreement for any reason.
8.0. TERM AND TERMINATION
8.1. This Agreement shall be effective for an initial period of 1 year commencing on the day of execution hereof and unless terminated in accordance with the terms of this Agreement, it shall be automatically renewed for further terms of 1 year each without the need to re-execute the terms herein or such other or additional terms as may be agreed by parties from time to time.
8.2. This Agreement can be terminated at any time by either party under one of the following paragraphs hereof, that is:
8.2.1. For breach of any of the terms by the other party hereto and the breach has not been remedied within thirty (30) days of notice.
8.2.2. In the event that either party becomes bankrupt or insolvent or goes into liquidation or shall enter into any arrangements for composition with creditors or is otherwise prohibited from trading.
8.3. Parties may by mutual agreement, terminate this Agreement, upon thirty (30) days advance written notice to the either party.
9.0. INDEPENDENT CONTRACTOR
The relationship between the Parties is that of independent contractors. Nothing contained in this Agreement shall be construed as creating any agency, partnership, joint venture or other form of joint enterprise, employment or fiduciary relationship between the parties, and neither party shall have authority to contract for or bind the other party in any manner whatsoever.
10.0. FORCE MAJEURE
Neither Party shall be liable for any delay or failure in performing any of its obligations under this Agreement if the delay or failure results from events or circumstances beyond its reasonable control (including, any acts or restraints of governments or public authorities, war, revolution, riot or civil commotion, acts of God or fire but excluding strikes and lockouts) (“Force Majeure”) provided that the Party so affected shall send to the other Party, a written notice within three (3) days of becoming aware of such Force Majeure giving full particulars thereof including the date of first occurrence, the circumstances giving rise to it and an indication of the duration of such circumstances. If the duration of delays or failures due to such events exceeds a period of two (2) weeks, the Parties shall meet to agree the actions to be taken in order to either continue with the performance of this Agreement to the best extent possible or decide to terminate the Agreement.
11.0. ANTI-BRIBERY, CONFIDENTIALITY AND DATA PROTECTION
11.1. Neither Party shall in any circumstances whatsoever make any payment or gift or promise or offering to any person or entity whomsoever for purposes of influencing any act or decision of such officer staff or of any such person or such entity in respect of the provision of this Agreement.
11.2. The provisions of this Agreement and its existence shall be kept confidential by both parties and parties shall not make any unauthorized disclosure in respect of the terms of this Agreement to any third party, except as otherwise permitted by law. This Clause shall bind the parties’ agents, representatives, staff, directors, assigns, and successor in title, and the aforementioned person shall be informed and bound by the terms of this confidentiality provision. The Parties agree that the unauthorized disclosure or use of any Confidential Information may cause immediate and irreparable injury to the Disclosing Party which could not be adequately compensated by monetary damages. The Receiving Party therefore authorizes the Disclosing Party to seek any temporary or permanent injunctive relief necessary to prevent such disclosure or use, or threat of disclosure or use.
11.3. The Parties shall ensure compliance with the Nigerian Data Protection Act. 2023, Nigerian Data Protection Regulation 2019, and other applicable legislation relating to privacy or data protection in force in Nigeria regarding information which may be acquired or processed by any of the Parties within the scope of this Agreement. Any party which is in breach of any law or regulation on data usage and/or protection shall indemnify the other parties for any claims or damages arising from the breach.
12.0. WAIVER
The failure of either Party to exercise any right, or claim any remedy, contingent upon the default of the other Party in performing any of its obligations under this Agreement, shall not be deemed or construed as a waiver of such right or remedy under this Agreement.
13.0. LEGAL COMPLIANCE AND AUTHORISATION
Each Party shall comply in all material respects with all federal and state laws and regulations applicable to the conduct of its business pursuant to this Agreement. Parties hereby represent and warrant that all corporate action on their part and their officers and directors necessary for the authorization, execution and delivery of this Agreement and the performance of all obligations hereunder.
14.0. ENTIRETY AND AMENDMENT OF AGREEMENT
This Agreement represents the entire agreement of the Parties and supersedes and replaces all prior understandings and agreements concerning the subject matter hereof. This Agreement can only be amended or varied in a supplemental agreement in writing, signed by both Parties.
15.0. NOTICES
Any notice, demand or request which is given in connection with this Agreement shall be given in writing to the applicable Party via electronic means (including e-mail) or by personal delivery at the business address indicated herein above for that party, or such other address as the party may have notified in writing to the other Party. Any notice, demand or request given pursuant to this Agreement shall be deemed given as of the date delivered in case of personal delivery and the date sent in case of electronic communication, provided that the correct delivery address is used in either case.
16.0. ASSIGNABILITY
This Agreement may not be assigned or otherwise transferred by either Party without the prior written consent of the other Party, which consent shall not unreasonably be withheld.
17.0. DISPUTE RESOLUTION AND GOVERNING LAW
If any dispute arises as to the validity, interpretation, effect, rights and/ or obligations of the Parties under this Agreement, the Parties shall use their best endeavours to reach an amicable settlement of the dispute, failing which they shall resort to mediation or conciliation by their legal representatives within Fourteen (14) days of the dispute being declared or any extension thereof by consent of both Parties, and failing which, the parties are at liberty to commence an action before a competent court in Nigeria for the resolution of their disputes.
18.0. COUNTERPARTS
This Agreement and any amendment or supplement hereto may be executed in any number of counterparts and any Party hereto may execute any such counterpart, each of which when executed and delivered shall be deemed to constitute one and the same Agreement.
19.0 EXECUTION
This agreement becomes effective upon your acceptance of Vastovers’ policies, terms, and conditions during the sign-up process. This acceptance will make the agreement binding for both you and Vastovers from the date of sign-up.
CONTINUING PROFESSIONAL EDUCATION (CPD) FOR HEALTHCARE PROFESSIONALS
CPD Details, Participation, and Policy
The Company organizes a series of educating Continuing Professions Development programs for healthcare professionals, including doctors, pharmacists, nurses, and others. This initiative is part of Vastovers’ commitment to capacity building, medical education, and career progression. We partner with relevant ministries, regulatory agencies, professional groups and associations, technical and academic institutes, as well as public- and private-sector stakeholders, and industry leaders and experts.
These CPD programs are intended solely for educational purposes and do not compel participants to promote or purchase any of the Company’s products. The CPD series is organized into titles, themes, and topics, which may change periodically based on identified needs. An example of this classification is provided below:
Program Title:
Alcohol Disease Burden Reduction Academy
Theme:
Advancing Physicians’ Leadership in Reducing Alcohol-Related Diseases (Total CPD credits -10)
Note: the total CPD credit assigned to this theme represents the cumulative sum of the CPD credits designated for each of the associated topics.
Topics:
1. Alcohol Consumption: A Neglected Global Public Health Issue. (2.5 Points)
2. Patient-Centered Strategies for Alcohol-Related Disease Reduction and Clinical Care. (2.5 Points)
3. Standardized Patient Clerking Protocols in Alcohol Use. (2.5 Points)
4. Pharmacotherapy Options in Alcohol Toxicity. (2.5 Points)
Please note that the allotted CPD points may change from time to time.
Criteria for Awarding CPD Points
1. Training participation certificates reflecting the allocated CPD credits will be prepared and dispatched following the conclusion of each webinar.
3. CPD participation certificates with awarded CPD points, will be issued exclusively to participants who have registered, attended the webinar, and achieved a comprehension score of no less than 60%.
4. The allocation of CPD points is based on the points designated for each attended topic. Therefore, mere registration for the webinar series does not guarantee the issuance of a participation certificate or the awarding of CPD points unless all specified criteria are met.
Webinar Duration and Frequency
Each webinar is scheduled for a duration of one and a half hours. During each session, a single topic will be addressed. Throughout the calendar year when a CPD webinar course is scheduled, online webinars will be held weekly. To stay informed about program updates, registered participants should follow the prompts and reminders for each webinar sent via WhatsApp, SMS, or email invitations.
Qualifications of Speakers
Consultant physicians, medical educators or professors in medicines etc. are engaged as speakers to present the selected subtopics. This approach is intended to ensure a high-quality delivery of each session, drawing on their practical experience and professional expertise.
Independent Contractor
The relationship between you and the Company organising this Webinar is that of independent contractors. Nothing contained in your registration, participation or contact to the Company shall be construed as creating any agency, partnership, joint venture or other form of joint enterprise, employment or fiduciary relationship between, and neither you nor the Company shall have authority to contract for or bind the other party in any manner whatsoever.
Correspondence and Feedback
The company may communicate with participants using the contact information you provided during your registration process for any of the webinar series. This communication may occur via phone calls, SMS, WhatsApp, or email, both before, during, and after the webinar.
Pre-Webinar Communication: This includes reminders, prompts, and notifications related to the upcoming webinar.
On-Webinar Communication: This encompasses all forms of interaction that take place during the live session, including lectures, assessments, and important announcements.
Post-Webinar Communication: This refers to the follow-up communications that occur after a webinar has concluded. These interactions may include requests for feedback on the application and usefulness of the knowledge gained during the session. Feedback can cover practical experiences, prescription pattern, medication-use outcomes, consumers’ response, findings, statistics, data, or suggestions for further studies related to the webinar series.
If you wish to opt out of receiving any of the correspondence mentioned above, you can do so by sending a written request to the company at reports@vastovers.com or by using the opt-out option available in our emails.