- Joined
- Dec 13, 2006
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Terms look friendly, but note they do have Negative Carry Over:
Negative Carryover
Where Commission is payable on a revenue share basis as set out above, the Company will apply a negative balance carry-over policy (the Policy). The Policy provides that: (i) in calculating the total Commission amount owed to you in a calendar month, the Company shall calculate all Commissions, both positive and negative, generated by Money Players via the Sites; and (ii) if at the conclusion of a calendar month the Commission generated by Money Players via the Sites is a negative amount, the Company shall deduct such negative amount from the Commission calculation for the subsequent calendar months until such time as the negative balance has been fully set-off against future positive Commission amounts generated or any other payment payable to you by any entity in the Companys group.
Negative Carryover
Where Commission is payable on a revenue share basis as set out above, the Company will apply a negative balance carry-over policy (the Policy). The Policy provides that: (i) in calculating the total Commission amount owed to you in a calendar month, the Company shall calculate all Commissions, both positive and negative, generated by Money Players via the Sites; and (ii) if at the conclusion of a calendar month the Commission generated by Money Players via the Sites is a negative amount, the Company shall deduct such negative amount from the Commission calculation for the subsequent calendar months until such time as the negative balance has been fully set-off against future positive Commission amounts generated or any other payment payable to you by any entity in the Companys group.
