1.1.1 “Agreement” shall mean the Agreement set out in this document namely the terms and conditions of the LOLASILK website, application and/or portal applicable to incentivised PARTICIPANTS.
1.1.2 "Business Day" means any day that is not a Saturday, Sunday or official public holiday in the Republic of South Africa;
1.1.3 “Confidential Information” means and includes information about websites, software, screens, specifications, data, methods, processes, procedures, improvements, "know-how," marketing techniques and business plans, strategies, customer names and other information related to customers, price lists, pricing policies and financial information or other business in oral, demonstrative, written, graphic or machine-readable form, which is unpublished, not available to the general public or trade, and which is maintained as confidential and proprietary information by the disclosing party for regulatory, customer relations, and/or competitive reasons. Confidential Information also includes any information described above which the disclosing party has obtained in confidence from another party.
1.1.4 “Incentive” means a credit award that is allocated to a Participant who purchases selected products from LOLASILK, such incentive is in the form of a credit to the PARTICIPANT’s next order;
1.1.5 “Lolasilk” is the trading name, style and brand of PEPPERFLY (PTY) LTD (registration number 2018/323630/07;
1.1.6 “Lolasilk Level” shall be the Incentive scheme in Schedule 1 which the PARTICIPANT is eligible for, based on performance.
1.1.7 “Parties” LOLASILK and the PARTICIPANT collectively and a reference to a "Party" shall mean either LOLASILK or the PARTICIPANT, as determined from the context of this Agreement;
1.1.8 “Participant” is defined in terms of the registration application entered into by the website user. Each PARTICIPANT will be assigned a unique code and website profile The unique code will change every 12 months and may be be valid for longer at the discretion of LOLASILK.
1.1.9 “Wallet” shall mean the online account in the website profile into which a Participant’s Incentive is paid.