AFFILIATE AGREEMENT
This Affiliate Agreement ("Agreement") is made by and between Web-Pro
Marketing Ltd. ("WPM"), and the entity registered to be a "FOREX
Affiliate" ("AFFILIATE") on the registration page (the "Registration
Page") located at FOREX-AFFILIATE.COM and FOREXAFFILIATE.COM (the "FOREX
Site"). This Agreement shall govern the terms and conditions pursuant to
which AFFILIATE shall promote and market the "Partner Forex Trading Platforms",
including but not limited to, the Easy-Forex™ Platform (collectively, the "Platforms").
1. RESPONSIBILITIES OF AFFILIATE.
1.1. Activities. AFFILIATE will use its best efforts and shall
devote reasonable amounts of its time, personnel and resources to (a) promote
and market, within such territory as may be specified by WPM, in its sole
discretion, and communicated to AFFILIATE via e-mail ("Territory"), the
Platforms on those websites with respect to which AFFILIATE has or will have a
marketing arrangement (the "Websites"), and (b) identify for WPM
prospective users of the Platforms within the Territory to which AFFILIATE has
actively promoted the Platforms via the Websites (each, a "Lead"). In no
event shall AFFILIATE engage in any marketing or promotional activity related to
WPM, any WPM Related Entity (as hereinafter defined) and/or any Platform in any
area, location, territory or jurisdiction outside of the Territory. In no event
shall AFFILIATE engage in any offline marketing or promotional activity related
to WPM, any WPM Related Entity and/or any Platform (“Offline marketing”). In the
event AFFILIATE is engaging in Offline Marketing, WPM will transfer AFFILIATE
with immediate effect and without notice to an offline AFFILIATE account manager
whereby AFFILIATE will be given the option to become an offline AFFILIATE or
have his/her AFFILIATE account closed. Subject to Section 1.2.1,
AFFILIATE shall bear all costs and expenses for such activities unless otherwise
determined by WPM, in its sole discretion. As used herein, "Related Entity"
shall mean, with respect to a Party, any entity that, directly or indirectly,
controls, is controlled by, or is under common control with, such Party; where
"control" means the possession, directly or indirectly, of the power to direct
or cause the direction of the management policies of another, whether through
the ownership of voting securities, by contract, as trustee or executor, or
otherwise.
1.2. Creative.
1.2.1. Provided by WPM. WPM will provide to AFFILIATE copies of or
access to such creative or other marketing and/or promotional materials relating
to WPM, WPM Related Entities and/or the Platforms as WPM deems necessary or
appropriate (the "Creative"). The Creative shall be accessible from the
"Promo Tools" located on the FOREX Site. The Creative is provided AS IS AND
WITHOUT WARRANTY of any kind.
1.2.2. Use of Creative. AFFILIATE may display the Creative on the
Websites solely for the purpose of marketing and promoting WPM, WPM Related
Entities and the Platforms in the Territory during the term of this Agreement,
or until such earlier time as WPM may, upon reasonable prior notice, instruct
AFFILIATE to cease displaying the Creative. AFFILIATE may not (a) alter, amend,
adapt or translate the Creative without WPM's prior written consent or (b)
remove or alter any "TM," "™," copyright or other proprietary notice or
designation, including without limitation, any FOREX Mark (as defined in
Section 4.2 below) contained in or displayed on any Creative. Nothing
contained within any Creative shall in any way be deemed a representation or
warranty of WPM or any WPM Related Entity with respect to the Platforms.
1.3. Restrictions on E-Mail Marketing. In no event shall AFFILIATE
engage in any e-mail marketing or promotion with respect to WPM, any WPM Related
Entity and/or any Platform except as expressly set forth herein. In the event
that AFFILIATE has an "opt-in" e-mail address list whereby the individuals or
entities on the list have expressly elected to receive e-mails from AFFILIATE
(an "Opt-in List"), AFFILIATE may make a written request to WPM to send
e-mails regarding WPM, WPM Related Entities and/or the Platforms to the
individuals or entities on the Opt-in List, in each instance. If WPM has not
responded in writing within twenty (20) business days after receipt of such
request, AFFILIATE shall provide WPM with written notice of such failure to
respond, and such request shall be deemed to have been denied if WPM has not
responded within ten (10) business days of receiving such notice. In the event
WPM approves such request, AFFILIATE shall comply with all applicable laws,
rules, regulations and directives, including but not limited to those relating
to e-mail marketing and "spamming". Without limiting the generality of the
foregoing, AFFILIATE shall (a) not send any e-mail regarding WPM, WPM Related
Entities and/or the Platforms: (i) to any individual or entity that has not
requested such information; (ii) to any type of "Safe List" or through any type
of "Safe List" service; or (iii) as part of a confirmation or thank you letter
as a result of a posting to a classified advertisement website or a "Free for
All Links" website and (b) always include "unsubscribe" information at the top
and bottom of any e-mail regarding WPM, WPM Related Entities and/or the
Platforms.
1.4. Other Prohibited Activities. In addition to the restrictions
of Section 1.3 above, AFFILIATE shall not (a) engage in any fax,
broadcast or telemarketing with respect to WPM, WPM Related Entities and/or the
Platforms, (b) make any "use of scumware" (as hereinafter defined) or use
any other predatory advertising or marketing methods in any of its dealings
relating to WPM, WPM Related Entities and/or to the Platforms, (c) make any
false, misleading or disparaging representations or statements with respect to
WPM, WPM Related Entities or the Platforms or (d) engage in any other practices
which may affect adversely the high image, credibility or reputation of WPM, WPM
Related Entities or the Platforms, including but not limited to, using any
Website in any manner, or having any content on any Website, that (i) promotes
sexually explicit materials, violence, discrimination based on race, sex,
religion, nationality, disability, sexual orientation or age and/or any illegal
activities or (ii) violates any intellectual property or other proprietary
rights of any third party. As used herein, "use of scumware" shall mean the use
of pop-up banners that hide banners that are displayed on a website, the
placement of icons beside keywords found in text that if clicked will take the
visitor to another website, and other similar practices.
1.5. Compliance with Laws. In addition to, and without limiting
the provisions of Sections 1.3 and 1.4 above, AFFILIATE shall
perform its obligations hereunder in accordance with the highest applicable
industry standards and in compliance with all applicable laws, rules and
regulations.
1.6. Duty to Inform. AFFILIATE shall promptly inform WPM of any
information known to AFFILIATE related to any Leads or the Platforms that could
reasonably lead to a claim, demand or liability of or against WPM and/or the WPM
Related Entities by any third party.
2. COMMISSIONS. With respect to each Active Lead (as hereinafter
defined), AFFILIATE shall be entitled to receive the Commissions as set forth on
Exhibit 1 hereto (the "Commissions"). The Commissions set forth on
Exhibit 1 may be increased based on high performance of AFFILIATE according to
management discretion. In this case, AFFILIATE will be advised directly by
email. The Commissions shall be due and payable within forty five (45) days
after the end of the applicable month provided all AFFILIATE account details as
stated in the registration page are correct. Payment has to be made to the owner
of the AFFILIATE account only. If a company name is entered into the company
name field, the company has to issue an invoice by the 5th day of the applicable
month. WPM reserves the right to modify the Commissions and/or the payment terms
at any time upon reasonable advance notice to AFFILIATE. As used herein, an "Active
Lead" shall mean a Lead that (a) WPM has attributed to AFFILIATE pursuant to
WPM's customary tracking protocols, including but not limited to, the use of
AFFILIATE-specific "gateway" identifications, the use of separate reference
pages, cookies, attributions questions or otherwise, (b) has successfully
registered with the applicable Platform(s), (c) has deposited appropriate
monetary funds with the applicable Platform(s), using the payment methods
designated by the applicable Platform(s)' management and (d) has complied with
all applicable legal, administrative and regulatory requirements.
3. TERMINATION..
3.1. Termination may terminate this Agreement at any time, with or
without cause, effective immediately upon notice by email to AFFILIATE.
3.2. Consequences of Termination Upon expiration or termination of
this Agreement: (a) each Party shall return to the other Party all property of
the other Party in its possession or control (including all Creative and all
Confidential Information, as defined in Section 5); (b) AFFILIATE shall
immediately cease displaying any Creative on any Website or otherwise and (c)
all rights granted to AFFILIATE hereunder will immediately cease. AFFILIATE
shall be entitled to receive any Commissions owing to AFFILIATE up to the
effective date of termination pursuant to terms and conditions of this
Agreement, during the three (3) month period immediately following the effective
date of termination of this Agreement unless termination is due to fraudulent
accounts/activity. If an account is closed due to fraudulent activity,
Commissions received from the lifetime trading activity of the closed account
will be withdrawn.
3.3. Survival. Sections 3.2, 3.3 and 4 through 9
shall survive the termination or expiration of this Agreement.
4 PROPRIETARY RIGHTS.
4.1. Proprietary Rights of WPM. As between AFFILIATE and WPM, the
FOREX Marks (defined below), the Creative, all demographic and other information
relating to Leads, Active Leads, the Platforms and all software, documentation,
hardware, equipment, devices, templates, tools, documents, processes,
methodologies, know-how, web sites, and any additional intellectual or other
property used by or on behalf of WPM or otherwise related to the Platforms,
together with all copyrights, trademarks, patents, trade secrets and any other
proprietary rights inherent therein and appurtenant thereto (collectively, "WPM
Property") shall be and remain the sole and exclusive property of WPM. To
the extent, if any, that ownership of any WPM Property does not automatically
vest in WPM by virtue of this Agreement, or otherwise, AFFILIATE hereby
transfers and assigns to WPM, upon the creation thereof, all rights, title and
interest AFFILIATE may have in and to such WPM Property, including the right to
sue and recover for past, present and future violations thereof.
4.2. FOREX's Marks. During the term of this
Agreement, WPM hereby grants to AFFILIATE a limited, revocable, non-exclusive
and non-transferable license to display the names and trademarks associated with
the Platforms (collectively, the "FOREX Marks"), solely as necessary to
perform AFFILIATE's obligations under this Agreement. AFFILIATE acknowledges and
agrees that: (a) it will use the FOREX Marks only as permitted hereunder; (b) it
will use the FOREX Marks in a lawful manner and in strict compliance with all
format(s), guidelines, standards and other requirements prescribed by WPM; (c)
the FOREX Marks are and shall remain the sole property of WPM; (d) nothing in
this Agreement shall confer in AFFILIATE any right of ownership in the FOREX
Marks and all use thereof by AFFILIATE shall inure to the benefit of WPM; and
(e) AFFILIATE shall not, now or in the future, contest the validity of any FOREX
Mark or use any term or mark confusingly similar to any FOREX Mark.
5. CONFIDENTIALITY. Each Party acknowledges
and agrees that any and all information associated with the other Party's
business and not publicly known, including, but not limited to, the contents of
this Agreement, specific trading information, technical processes and formulas,
source codes, customer lists, prospective customer lists, names, addresses and
other information regarding customers and prospective customers, product
designs, sales, costs, and other unpublished financial information, business
plans and marketing data, is confidential and proprietary information ("Confidential
Information"), whether or not marked as confidential or proprietary. Each
Party agrees to use the other Party's Confidential Information solely as
necessary for performing its obligations hereunder. Each Party agrees that it
shall take all reasonable steps, at least substantially equivalent to the steps
it takes to protect its own proprietary information, to prevent the duplication,
disclosure or use of any such Confidential Information, other than (a) by or to
its employees, agents and subcontractors who must have access to such
Confidential Information to perform such Party's obligations hereunder, who each
shall treat such Confidential Information as provided herein; or (b) as required
by any law, regulation, or order of any court of proper jurisdiction over the
Parties and the subject matter contained in this Agreement. Confidential
Information shall not include any information which is: (i) in the public
domain, or is already known by or in the possession of the non-disclosing Party,
at the time of disclosure of such information; (ii) is independently developed
by the non-disclosing Party without breaching any provisions of this Agreement;
or (iii) is thereafter rightly obtained by the non-disclosing Party from a
source other than the disclosing Party without breaching any provision of this
Agreement.
6. DISCLAIMER OF WARRANTY. WPM MAKES NO
WARRANTIES HEREUNDER, AND WPM EXPRESSLY DISCLAIMS ALL WARRANTIES, EXPRESS OR
IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY AND
FITNESS FOR A PARTICULAR PURPOSE. WITHOUT LIMITING THE FOREGOING, WPM FURTHER
DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES, EXPRESS OR IMPLIED, THAT THE
PLATFORMS DO NOT INFRINGE OR OTHERWISE VIOLATE ANY INTELLECTUAL PROPERTY OR
OTHER PROPRIETARY RIGHT OF ANY THIRD PARTY IN ANY JURISDICTION, INCLUDING, BUT
NOT LIMITED TO, THE TERRITORY. AFFILIATE UNDERSTANDS AND AGREES THAT THE
PLATFORMS MAY NOT SATISFY ALL OF THE LEADS' REQUIREMENTS AND MAY NOT BE
UNINTERRUPTED OR ERROR-FREE.
7. LIMITATION OF LIABILITY AND INDEMNIFICATION.
7.1. Limitation of Liability. WPM SHALL HAVE
NO LIABILITY WITH RESPECT TO THE PLATFORMS OR ITS OBLIGATIONS UNDER THIS
AGREEMENT OR OTHERWISE FOR ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, SPECIAL,
INCIDENTAL OR PUNITIVE DAMAGES EVEN IF WPM HAS BEEN ADVISED OF THE POSSIBILITY
OF SUCH DAMAGES. IN ANY EVENT, WPM'S LIABILITY TO AFFILIATE UNDER THIS AGREEMENT
FOR ANY REASON WILL BE LIMITED TO THE AMOUNTS PAID TO AFFILIATE BY WPM DURING
THE SIX (6) MONTH PERIOD IMMEDIATELY PRECEEDING THE EVENT GIVING RISE TO THE
CLAIM FOR DAMAGES. THIS LIMITATION APPLIES TO ALL CAUSES OF ACTION IN THE
AGGREGATE, INCLUDING, BUT NOT LIMITED TO, BREACH OF CONTRACT, BREACH OF
WARRANTY, NEGLIGENCE, STRICT LIABILITY, MISREPRESENTATIONS, AND OTHER TORTS.
7.2. Indemnification
7.2.1. AFFILIATE. AFFILIATE agrees to
indemnify, defend and hold harmless WPM and the WPM Related Entities and the
directors, officers, employees, subcontractors and agents thereof (collectively,
the "Indemnified Party"), with respect to any claim, demand, cause of
action, debt or liability, including reasonable attorneys' fees, to the extent
that such action is based upon or arises out of: (a) AFFILIATE's breach of any
representation, warranty, obligation or covenant under this Agreement; (b)
AFFILIATE's gross negligence or willful misconduct; or (c) any warranty,
condition, representation, indemnity or guarantee relating to WPM, WPM Related
Entities and/or the Platforms granted by AFFILIATE to any Lead or other third
party.
7.2.2. Notice. In claiming any
indemnification hereunder, the Indemnified Party shall promptly provide
AFFILIATE with written notice of any claim which the Indemnified Party believes
falls within the scope of the foregoing paragraphs. The Indemnified Party may,
at its own expense, assist in the defense if it so chooses, provided that
AFFILIATE shall control such defense and all negotiations relative to the
settlement of any such claim and further provided that any settlement intended
to bind the Indemnified Party shall not be final without the Indemnified Party's
written consent, which shall not be unreasonably withheld.
8. NON-EXCLUSIVE REMEDIES. In the event (a)
AFFILIATE markets or promotes WPM, any WPM Related Entity or any Platform to any
person or entity outside of the Territory or (b) of any breach or threatened
breach of any provision of Sections 1.2.2, 1.3, 1.4, 1.5, 4 and/or 5
above, in addition to all other rights and remedies available to WPM under this
Agreement and under applicable law, WPM shall have the right to (i) immediately
enjoin all such activity, without the necessity of showing damages or posting
bond or other security, (ii) immediately terminate this Agreement and
AFFILIATE's engagement hereunder, (iii) receive a prompt refund of all amounts
paid to AFFILIATE hereunder and (iv) be indemnified for any losses, damages or
liability incurred by WPM in connection with such violation, in accordance with
the provisions of Section 7 above.
9. GENERAL PROVISIONS.
9.1. Force Majeure.
If the performance of any part of this Agreement by either Party is prevented,
hindered, delayed or otherwise made impracticable by reason of any flood, riot,
fire, judicial or governmental action (including, but not limited to, any law,
regulation or embargo prohibiting the performance contemplated hereunder and/or
the failure or refusal of a government agency to issue a license required for
any performance pursuant to this Agreement), labor disputes, act of God or any
cause beyond the reasonable control of that Party, the Party shall be excused
from such performance to the extent that it is prevented, hindered or delayed by
such cause. Notwithstanding anything herein to the contrary, the Party prevented
from performing hereunder by a force majeure event shall nevertheless use its
best efforts to recommence its performance hereunder as soon as reasonably
practicable and to mitigate any damages resulting from its non-performance
hereunder.
9.2. Independent Contractors. The Parties to
this Agreement are independent contractors. Neither Party is an agent,
representative or Related Entity of the other Party. Neither Party shall have
any right, power or authority to enter into any agreement for, or on behalf of,
or incur any obligation or liability of, or to otherwise bind, the other Party.
This Agreement shall not be interpreted or construed to create an association,
agency, joint venture or partnership between the Parties or to impose any
liability attributable to such a relationship upon either Party.
9.3. Notice. Any notice, approval, request,
authorization, direction or other communication under this Agreement shall be
given in writing and shall be deemed to have been delivered and given for all
purposes (a) by e-mail to the Party to which the same is directed and/or(b) by
telephone call to the respective telephone numbers of the Parties as set forth
on the Registration Page.
9.4. No Waiver. The failure of either
Party to insist upon or enforce strict performance by the other Party of any
provision of this Agreement or to exercise any right under this Agreement shall
not be construed as a waiver or relinquishment to any extent of such Party's
right to assert or rely upon any such provision or right in that or any other
instance; rather, the same shall be and remain in full force and effect. Each
waiver shall be set forth in a written instrument signed by the waiving Party.
9.5. Entire Agreement. This Agreement,
including all Exhibits hereto, sets forth the entire agreement and supersedes
any and all prior agreements, written or oral, of the Parties with respect to
the subject matter hereof as set forth herein. Neither Party shall be bound by,
and each Party specifically objects to, any term, condition or other provision
that is different from or in addition to the provisions of this Agreement
(whether or not it would materially alter this Agreement) and which is proffered
by the other Party in any correspondence or other document, unless the Party to
be bound thereby specifically agrees to such provision in writing.
9.6. Amendments and Modifications. WPM
reserves the right at all times to vary, change, alter, amend, add to or remove
any of these terms and shall be valid with immediate effect once posted on the
FOREXsite. By browsing the Website you accept that you are bound by the current
terms and conditions and notices and we therefore recommend that you check these
each time you revisit the site. The current draft of these terms and conditions
was adopted and published on the 29th October 2008. OR We may modify any of the
terms and conditions contained in this Agreement, at any time and in our sole
discretion, by posting a change notice on the FOREX site. Modifications may
include, for example, changes in the scope of available referral fees, referral
fee schedules, payment procedures, and Program rules. IF ANY MODIFICATION ARE
UNACCEPTABLE TO YOU, YOUR ONLY RECOURSE IS TO TERMINATE THIS AGREEMENT. YOU’RE
CONTINUED PARTICIPATION IN THE PROGRAM FOLLOWING POSTING OF THE NEW TERMS AND
CONDITIONS OR FOLLOWING POSTING OF A CHANGE NOTICE THE FOREX SITE WILL
CONSTITUTE BINDING ACCEPTANCE OF THE CHANGE.
9.7. Assignment. All the terms and provisions
of this Agreement shall be binding upon and inure to the benefit of the Parties
to this Agreement and to their respective heirs, successors, assigns and legal
representatives. AFFILIATE shall have no right to assign or otherwise transfer
this Agreement, or any of its rights or obligations hereunder, to any third
party without WPM's prior written consent, to be given or withheld in WPM's sole
discretion.
9.8. Applicable Laws. This Agreement shall be
governed, construed and enforced in accordance with the laws of the Republic of
Cyprus. Each Party agrees that any legal action, proceeding, controversy or
claim between the Parties arising out of or relating to this Agreement may be
brought and prosecuted only in a court of law in the Republic of Cyprus, and by
execution of this Agreement each Party hereto submits to the exclusive
jurisdiction of such court and waives any objection it might have based upon
improper venue or inconvenient forum.
By marking the "I accept" checkbox, AFFILIATE hereby fully agrees with all terms
and provisions.
Exhibit 1
Commissions
|
CPA |
Commission |
|
Monthly |
$250 |
|
EV (USD) |
Commission |
|
Monthly |
10% |
PA – Definition
CPA is defined as Cost per Active client. This is based on the margin trading of
the Active Lead/Leads referred.
EV – Definition
Economic Value is defined as the direct value of each referred Active Lead/Leads