- Joined
- Dec 13, 2006
- Messages
- 11,374
- Reaction score
- 3,179
Globet Partners have been marked predatory. We have been unable to come to an agreement on the following terms, which have been voted predatory by the certification team:
[wterm][wtermhead]Commissions - Negative Carryover[/wtermhead][wtermmain] In the event that a Revenue Share in any a calendar month period is a negative amount, Globet shall be entitled but not obliged to carry forward and set off such negative amount against future Revenue Shares which would otherwise be payable to you. However Globet shall also be entitled but not obliged to zero the negative balance that would otherwise be carried forward[/wtermmain][/wterm]
[wterm][wtermhead]Marketing - Maintaining Links[/wtermhead][wtermmain]4.1 Throughout the Term, you shall prominently incorporate and continually display the most up to date Links provided to you by Globet on the Partner Site in a manner and location agreed between you and us and you shall not alter the form, location or operation of the Links without Globet’s prior written consent. If and when we approve your application, the Partner Site should display the appropriate Links within 4 weeks of being notified that you have been accepted. If you fail to so display the appropriate Links we may terminate this Agreement immediately on notice to you[/wtermmain][/wterm]
[bterm][btermhead]Minimum Player Rule[/btermhead][btermmain]12.4 If you do not deliver 1 new customer registration within a calendar month we may terminate this Agreement immediately by written notice to you.
13.13 You must refer a minimum of 1 active player per month (Customer)[/btermmain][/bterm]
[wterm][wtermhead]Strange Term[/wtermhead][wtermmain]13.2 If either party fails to pay by the due date any amount payable by it under this Agreement, the other party shall be entitled but not obliged to charge simple interest on the overdue amount, from the due date up to the date of actual payment, at the rate of 3% per cent per annum above the base rate for the time being of Barclays Bank Plc. [/wtermmain][/wterm]
[wterm][wtermhead]Termination[/wtermhead][wtermmain]12. Term and Events of Default
12.1 This Agreement shall start on the date that we notify you that your application has been successful in accordance with clause 3 above. This Agreement shall continue thereafter unless and until terminated in accordance with clauses 12.2 or 12.3 (“the Term").
12.2 Notwithstanding clause 12.1 above, either party ("the Non-Defaulting Party") may terminate this Agreement with immediate effect by written notice to the other party ("the Defaulting Party") if:
12.2.1 the Defaulting Party commits a breach of its material obligations under this Agreement and in the case of a remediable breach, fails to remedy it within 30 days of the date of receipt of notice from the other; or
12.2.2 the Defaulting Party becomes insolvent or unable to pay its debts, proposes a voluntary arrangement, has a receiver, administrator or manager appointed over the whole or any part of its business or assets or if any petition shall be presented, order shall be made or resolution passed for its winding up (except for the purposes of a bona fide amalgamation or reconstruction), bankruptcy, liquidation (voluntary or under the Courts supervision) or dissolution or if it shall otherwise propose or enter into any composition or arrangement with its creditors or any class of them, or it ceases to carry on business or if it claims the benefit of any statutory moratorium or is otherwise unable to pay its debts as and when they fall due.
12.3 Either party may terminate this Agreement on delivery of four weeks' prior written notice to the other party.
12.4 If you do not deliver 1 new customer registration within a calendar month we may terminate this Agreement immediately by written notice to you.
12.5 Each party shall forthwith give notice in writing to the other party of any event contemplated by clause 12.2.2 above which is anticipated to, or occurs during the Term and which would entitle the other party to bring the Term to an end.
12.6 Without prejudice to clause 12.3, we hereby reserve the right to terminate this Agreement at any time and for any reason immediately by delivery of written notice to you.
12.7 The parties shall have no further obligations or rights under this Agreement after the end of the Term, without prejudice to any obligations or rights which have accrued to either party at the time when the Agreement ends save that those other clauses the survival of which is necessary for the interpretation or enforcement of this Agreement, shall continue to have effect after the end of the Term[/wtermmain][/wterm]
5 attempts to communicate with Globet have met with failure. Our limit and patience are exceeded and these are some of the worst terms I have seen in awhile. It is NOT worth promoting Globet at this time.
[wterm][wtermhead]Commissions - Negative Carryover[/wtermhead][wtermmain] In the event that a Revenue Share in any a calendar month period is a negative amount, Globet shall be entitled but not obliged to carry forward and set off such negative amount against future Revenue Shares which would otherwise be payable to you. However Globet shall also be entitled but not obliged to zero the negative balance that would otherwise be carried forward[/wtermmain][/wterm]
[wterm][wtermhead]Marketing - Maintaining Links[/wtermhead][wtermmain]4.1 Throughout the Term, you shall prominently incorporate and continually display the most up to date Links provided to you by Globet on the Partner Site in a manner and location agreed between you and us and you shall not alter the form, location or operation of the Links without Globet’s prior written consent. If and when we approve your application, the Partner Site should display the appropriate Links within 4 weeks of being notified that you have been accepted. If you fail to so display the appropriate Links we may terminate this Agreement immediately on notice to you[/wtermmain][/wterm]
[bterm][btermhead]Minimum Player Rule[/btermhead][btermmain]12.4 If you do not deliver 1 new customer registration within a calendar month we may terminate this Agreement immediately by written notice to you.
13.13 You must refer a minimum of 1 active player per month (Customer)[/btermmain][/bterm]
[wterm][wtermhead]Strange Term[/wtermhead][wtermmain]13.2 If either party fails to pay by the due date any amount payable by it under this Agreement, the other party shall be entitled but not obliged to charge simple interest on the overdue amount, from the due date up to the date of actual payment, at the rate of 3% per cent per annum above the base rate for the time being of Barclays Bank Plc. [/wtermmain][/wterm]
[wterm][wtermhead]Termination[/wtermhead][wtermmain]12. Term and Events of Default
12.1 This Agreement shall start on the date that we notify you that your application has been successful in accordance with clause 3 above. This Agreement shall continue thereafter unless and until terminated in accordance with clauses 12.2 or 12.3 (“the Term").
12.2 Notwithstanding clause 12.1 above, either party ("the Non-Defaulting Party") may terminate this Agreement with immediate effect by written notice to the other party ("the Defaulting Party") if:
12.2.1 the Defaulting Party commits a breach of its material obligations under this Agreement and in the case of a remediable breach, fails to remedy it within 30 days of the date of receipt of notice from the other; or
12.2.2 the Defaulting Party becomes insolvent or unable to pay its debts, proposes a voluntary arrangement, has a receiver, administrator or manager appointed over the whole or any part of its business or assets or if any petition shall be presented, order shall be made or resolution passed for its winding up (except for the purposes of a bona fide amalgamation or reconstruction), bankruptcy, liquidation (voluntary or under the Courts supervision) or dissolution or if it shall otherwise propose or enter into any composition or arrangement with its creditors or any class of them, or it ceases to carry on business or if it claims the benefit of any statutory moratorium or is otherwise unable to pay its debts as and when they fall due.
12.3 Either party may terminate this Agreement on delivery of four weeks' prior written notice to the other party.
12.4 If you do not deliver 1 new customer registration within a calendar month we may terminate this Agreement immediately by written notice to you.
12.5 Each party shall forthwith give notice in writing to the other party of any event contemplated by clause 12.2.2 above which is anticipated to, or occurs during the Term and which would entitle the other party to bring the Term to an end.
12.6 Without prejudice to clause 12.3, we hereby reserve the right to terminate this Agreement at any time and for any reason immediately by delivery of written notice to you.
12.7 The parties shall have no further obligations or rights under this Agreement after the end of the Term, without prejudice to any obligations or rights which have accrued to either party at the time when the Agreement ends save that those other clauses the survival of which is necessary for the interpretation or enforcement of this Agreement, shall continue to have effect after the end of the Term[/wtermmain][/wterm]
5 attempts to communicate with Globet have met with failure. Our limit and patience are exceeded and these are some of the worst terms I have seen in awhile. It is NOT worth promoting Globet at this time.
