Bermuda: Partner Agreement
1. INTRODUCTION
- This Partner Agreement (the “Agreement”) is made between Advanced Markets (Bermuda) Ltd, incorporated under the laws of Bermuda, under registration number 56562, and having its registered office at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda (the “Company”) and you (the “Partner”).
- In submitting your application to become a Partner of the Company, you agree to this Agreement which enters into force as of the date when the Company agrees to accept you as a Partner (the “Effective Date”).
- The Company and Partner may be referred to individually as a “Party” and collectively as the “Parties” in this Agreement.
- The Company is an investment services provider in relation to derivative-based financial instruments (the “Investment Services”). The Company and the Partner wish to enter into an agreement under which the Partner shall introduce clients and/or other partners to the Company, subject to the terms and conditions set forth in this Agreement.
2. DEFINITIONS
For the purposes of the present Agreement, the following terms shall be interpreted as follows:
- Affiliated Party means a person or entity that is (a) a member of the Partner’s immediate family, and/or (b) an individual, corporation, partnership, joint venture, trust, and/or body corporate or unincorporated organisation, directly or indirectly controlling, controlled by or under common control with the Partner
- Agreement means these terms hereunder agreed by both Parties and any attached schedules
- Client means a person who is a client or potential client of the Company
- Client Agreement means the agreement entered into by the Client and the Company that governs all trading activity of the Client with the Company. The Client Agreement consists of the Company’s Terms and Conditions, Policies, and all other legal documentation as these may be found on the Company’s Website and as may be amended from time to time
- Confidential Information means all non-public information and data (whether in oral, written or electronic form) given by one party to the other under the terms of this Agreement, related to and including without limitation, the delivering party’s business, finance or technology, know-how, intellectual property, assets, strategy, products, clients, management, financial, marketing, technical and any other arrangements or operations of any associate, person, firm, or organisation associated with that party
- Data Protection Laws means all applicable legislation in connection with privacy and the processing, collection, use and protection of personal data in any jurisdiction
- Fraud Traffic means any traffic generated by the Partner in bad faith or via illegal means with intention to defraud the Company, regardless of the consequences. Fraud Traffic includes, but is not limited to, spam, false advertising, deposits generated by stolen credit/debit cards, collusion between Partners, as well as between Clients and Partners, with the sole aim to generate commissions, manipulation of the Investment Services, system, bonuses or promotions, offers to share the Partner’s commission and any other unauthorised use of any third-party accounts, copyrights or trademarks
- Intellectual Property Rights means patents, utility models, rights to inventions, copyright and related rights, moral rights, trademarks and service marks, business names and domain names, rights in get-up[and trade dress, goodwill and the right to sue for passing off or unfair competition, rights in designs, rights in computer software, database rights, rights to use, and protect the confidentiality of, confidential information (including know-how [and trade secrets]), and all other intellectual property rights, in each case whether registered or unregistered and including all applications and rights to apply for and be granted, renewals or extensions of, and rights to claim priority from, such rights and all similar or equivalent rights or forms of protection which subsist or will subsist now or in the future in any part of the world
- Multi-Account Manager (MAM) means a client of the Company authorized by a client account holder to do business on behalf of the client account holder on such terms as the MAM shall determine in their discretion
- Parent Partner means any person or entity that is approved by the Company in its sole discretion as a member of the Partner Programme to refer Sub-Partners to the Company
- Partner Link means the link through which the Client and/or Sub-Partner and/or Parent Partner enters into the registration form to be categorised under the Partner
- Partner Portal means the platform whereby the Partners are registered, their invoices issued and remuneration is calculated
- Partner Programme means the Company’s Partner Programme, as may be amended from time to time at the Company’s sole and absolute discretion
- Promotional Material means promotional, advertising, communication and/or other materials that relate to the Company and its products and services
- Qualified Client means a person or entity that registers with the Company for the first time, and adhering to the following criteria:
- the Client registers a trading account with the Company after entering the Partner Link
- the Client resides in a jurisdiction where the Company provides its Investment Services
- the Client has been approved by the Company
- the Client has an identifiable IP address which should be different from the IP address of the Partner
- is not an Affiliated Party
- Spam means any emails or any other messages that are circulated by the Partner, directly or indirectly, including messages that are posted on social media networks, newsgroups, forums, chat boards and other types of online media which:
- are directed at third parties who have not consented in writing in advance to receive promotional messages from the Partner;
- contain false or misleading statements;
- do not truthfully identify the source of the originating IP address from which it was sent; or
- do not provide the recipient with an option to easily be removed from receiving future mailings or promotions.
- Strategy Provider means a client of the Company participating in the Company’s Copy Trading Programme by providing trading strategies and real-time flow of trades carried out on the basis of such client’s choices, allowing other clients of the Company to replicate the transactions carried out
- Sub-Partner means a person or entity that is referred to the Company by a Parent Partner, and who applies for and is approved by the Company in its sole discretion as a member of the Partner Programme
- Website means advancedmarkets.com and any other website as may be added by the Company, in its sole and absolute discretion, from time to time
- In this Agreement:
- clause and paragraph headings shall not affect the interpretation of this Agreement;
- a person includes a natural person, corporate or unincorporated body (whether or not having separate legal personality);
- unless the context otherwise requires:
- words in the singular shall include the plural and in the plural shall include the singular;
- a reference to one gender shall include a reference to the other genders;
- a reference to a statute or statutory provision is a reference to it as amended, extended or re-enacted from time to time;
- a reference to writing or written includes email; and
- any phrase followed by the terms including, include, in particular, for example or any similar expression shall be construed as illustrative and shall not limit the sense of the words, description, definition, phrase or term preceding those terms.
- In case of conflict or ambiguity between any provision contained in the body of this Agreement and any provision contained in the Schedules, the provision in the body of this Agreement shall prevail.
3. PROGRAMME PARTICIPATION
- The Partner must register and submit all the required information and documentation set forth in Schedule 1 of this Agreement. The Company may, at its sole discretion, either accept, reject or partially approve the Partner for a limited number of products and/or countries.
- In the event that the Company approves the Partner to participate in the Partner Programme, the Company shall provide the Partner with the Partner Link linked to the Website and grant the Partner with a revocable, non-exclusive, non-transferable, non-sub-licensable right to direct Clients and/or Sub-Partners to the Website, subject to the terms and conditions of this Agreement.
- The Partner shall effect introductions to the Company and the Company shall approve such introductions provided they meet its qualifications criteria and suitability standards.
- The Company may, in its sole and absolute discretion, decline to accept any introduction to a Client or other Partner.
- Any introduction by the Partner which is not made in accordance with the terms of this Agreement shall be considered a breach of the Agreement, giving rise to immediate termination in accordance with Clause 14 hereto.
4. PARTNER’S WARRANTIES AND REPRESENTATIONS
- The Partner:
- undertakes to perform its obligations under this Agreement in accordance with all relevant regulatory and legislative requirements and to use its best endeavours to meet its obligations under this Agreement;
- has all requisite authority or applicable license, whether arising under applicable laws, rules and regulations or the rules and regulations of any capital market or other competent authority to which the Partner is subject, to enter into this Agreement.
- shall fairly and accurately describe the Company’s profile and business according to the information provided by the Company;
- shall pass on brief contact details of the Company to Clients and/or other Partners, provided such Clients and/or Partners have consented to this;
- shall inform Clients and/or other Partners who request information regarding the Investment Services to contact the Company;
- shall distribute the Company’s Promotional Material in relation to the Investment Services;
- shall maintain ethical practices, high standards of business, and conduct its business at all times in such a manner so as to reflect favourably on the Company;
- shall comply with any business-related instructions, terms or directions given by the Company in relation to the Partner Programme;
- authorise the Company to inspect or conduct due diligence it may require from time to time, without limitation and means of investigation; and
- agrees to fully cooperate in the investigation and resolution of any complaint from a Client and/or other Partner introduced by the Partner, and to notify the Company immediately in the event that the Partner receives any expression of dissatisfaction about the Investment Services provided as a result of this Agreement.
- The Partner shall not:
- advise or recommend to Clients on any investment business provided by the Company;
- conduct discretionary trading on behalf of Clients without a written and signed power of attorney from the Clients which must be pre-approved by the Company;
- complete registration forms on behalf of Clients relating to the Investment Services;
- hold itself out as being an agent or employee of the Company;
- enter into any contractual arrangement with any third party in relation to the Investment Services without the prior written consent of the Company; and
- give instructions to transfer funds out of a Client’s account, nor accept funds from Clients but must instruct them to deposit directly with the Company.
5. NO AGENCY
6. CONSIDERATION
- In consideration for the introductions the Partner effects, the Company shall pay the Partner remuneration in accordance with Schedule 2 of this Agreement.
- All payments made to the Partner under this Agreement are deemed to be inclusive of any VAT and any other taxes, charges and duties payable in respect thereof. The Partner shall account for any VAT or any other taxes, charges and duties due or payable in relation to any remuneration and indemnify the Company and hold it harmless in relation to such VAT or any other taxes, charges and duties due or payable and any other liability arising in relation thereto.
- The Company is entitled to vary the remuneration, frequency and entitlement criteria at any time in its sole discretion, by providing the Partner with at least five (5) days’ written notice. Such notice will include the general nature of the changes and the updated remuneration schedule. The Partner’s continuing participation in the Partner Programme following expiry of the notice period shall be taken as acceptance of the changes.
- If the Partner is also a Strategy Provider or MAM, the Partner shall not be entitled to remuneration as per Schedule 2 of this Agreement and shall only receive the applicable performance fee in accordance with the Strategy Provider agreement or the MAM agreement, whichever the case may be.
- In the event of termination of this Agreement, no remuneration shall be payable to the Partner in respect of investment business conducted after the date of termination.
7. HOLDOVER
- Notwithstanding any other provision of this Agreement, the Company may at its sole and absolute discretion, withhold, delay or deny remuneration of the Partner in any of the following events:
- The Company has reason to suspect that the Partner’s activity is in breach of this Agreement and/or not in compliance with any applicable laws or regulations;
- The Partner has failed to provide any documentation and/or information as may be demanded by the Company or has provided misleading and/or false information to the Company;
- The Partner has infringed intellectual property rights;
- The Company deems suspicious, in its sole discretion, any activity in the Partner’s account, or in any account which appears to be controlled or managed by the Partner;
- The Company determines that the activity of the Partner constitutes Fraud Traffic;
- The Company determines that the Partner is involved, whether directly or indirectly, in any fraudulent, deceptive, manipulative, or otherwise illegal activity connected to the Partner’s account, or in any account which appears to be controlled or managed by the Partner;
- The Company receives a complaint from a Client caused by the activities of the Partner and refunds and/or settles any amount to such Client; and
- The Company receives a fine from a regulatory authority caused by a wrongful or negligent act of the Partner.
- The Partner hereby irrevocably waives its rights to, and shall indemnify the Company for any claim or demand made against the Company, its directors, officers, shareholders, employees or against the Website in respect of the exercise by the Company of its rights in this Clause.
8. PROMOTIONAL MATERIAL
- The Partner shall not disseminate any Promotional Material via any means without the prior written consent of the Company. In the event such consent is granted, the Partner agrees and hereby assigns and transfers to the Company, its successors, assignees, and/or nominees, all of the Promotional Material’s rights, title and interest created and made by (or on behalf of) the Partner.
- In the event of any use of Promotional Material by the Partner, that has not been approved by the Company, the Company shall have the right, in addition to any other right or remedy available to it under this Agreement or applicable law, to render the Partner Links assigned to the Partner inoperative, and immediately block the Partner’s access to the Partner Programme and deny any remuneration, with no compensation, to the Partner.
- The following criteria are required for any Promotional Material created and made by (or on behalf of) the Partner. The Promotional Material;
- includes the Company’s name and contact point from which the address of the Company is available;
- presents information in a way which is fair, clear and not misleading;
- makes clear the purpose of the Promotional Material at the initial point of communication;
- does not make any statement of fact, promise or prediction that is unclear, unfair or misleading, and/or discloses any relevant assumptions;
- ensures that any statement of opinion must be held honestly and given with the consent of the person concerned;
- gives no false indications regarding the Company’s resources, independence, scale of activities or to the scale of service;
- does not cause the design, content or format to obscure or diminish the significance of any statement or warning;
- makes no reference to approvals by any competent authority, unless such approval has been obtained in writing;
- does not omit any matters that cause the Promotional Material to be unclear, unfair or misleading;
- is able to substantiated as to the the accuracy of statements or facts included; and
- is pre-approved by the Company.
- The Company shall pro-actively manage the duration and withdrawal of Promotional Material to ensure they are:
- fair, clear and not misleading; and
- current and do not contain out of date information.
- The Company may, at its sole discretion, disapprove or revoke approval for any Promotional Material that it deems does not meet the criteria of this clause.
- The Partner and any websites used by the Partner, may not be engaged, directly or indirectly, in conduct that the Company deems illegal, improper, unfair, or otherwise adverse to the operation or reputation of the Company or its Site or detrimental to other users of the Site, including without limitation:
- operation of an illegal business, site or subscription email list;
- operation of a website that contains or promotes content that is libellous, defamatory, obscene, abusive, violent, bigoted, hate-oriented, illegal, pornographic, related to gambling or link to a website that contains or promotes such content; or
- engaging in Spam.
- The Partner shall not engage in mass marketing of the Investment Services offered by the Company, which shall only be marketed to the appropriate target market and territories as pre-defined by the Company.
- The Partner is prohibited from targeting the following jurisdictions: Albania, Afghanistan, Barbados, Bermuda, Canada, Cayman Islands, European Union, Guinea Bissau, Haiti, Iran, Jamaica, Jordan, Lebanon, Libya, Mali, Morocco, Myanmar, Nicaragua, North Korea, Pakistan, Panama, Philippines, South Sudan, Senegal, Somalia, Syria, Uganda, USA, Venezuela, Yemen, Zimbabwe
9. INTELLECTUAL PROPERTY AND PROMOTIONAL MATERIAL
- Nothing in this Agreement shall assign, transfer or vest in the Partner any Intellectual Property Right owned by the Company.
- The Partner shall not use Intellectual Property without the Company’s express prior written consent.
- The Partner acknowledges and agrees that the Promotional Material is, and shall remain, the property of the Company, and nothing in this Agreement shall convey to the Partner any rights of ownership in the Promotional Material.
- The Partner shall not take any action, or inaction, that would impair the value of, or goodwill associated with, the Promotional Material.
- Promotional Material made or created by the Partner (or on behalf of) the Company shall be done so in accordance with Clause 8 of this Agreement.
10. MONITORING RIGHTS
- The Partner agrees that the Company shall monitor the Partner’s marketing methods and procedures by any means known or hereunder developed for purposes of determining the Partner’s compliance with this Agreement, including without limitation, the monitoring of communications with the Clients and social media posts.
- The Company may increase the extent to which it monitors the conduct of the Partner if the Partner fails to fulfil any obligations under this Agreement.
11. DATA PROTECTION, DATA OWNERSHIP AND CONFIDENTIALITY
- The Parties agree to duly observe and adhere to all the requirements of the Data Protection Laws.
- The Partner shall comply with all Data Protection Laws in the processing of the Clients’ personal data and shall implement appropriate technical and organisational measures (including appropriate policies communicated to employees, management and review of ongoing compliance and effective security measures) to prevent any unauthorised or unlawful processing of the Clients’ personal data, and guard it against accidental loss, destruction or damage.
- All introduced Clients shall be considered Clients of the Company only, and the Company shall be the sole and exclusive owner of the database of names and contact information and any other data of all introduced Clients.
- Each Party must keep Confidential Information it receives about the other Party confidential and must not use or disclose that Confidential Information without the prior written consent of the other Party except to the extent that:
- disclosure is required by law;
- the relevant information is already in the public domain.
12.INDEMNIFICATION
- The Partner agrees that the Company shall not be held liable for any and all manner of claims, demands, proceedings, suits or actions, liabilities, losses, expenses and costs (including accountant and attorney fees) (collectively “Loss”) relating to or arising out of:
- the Partner’s failure to perform its obligations under any agreement with the Company;
- any dishonest, fraudulent, negligent or criminal act or omission on the part of the Partner, or any person acting on its behalf, with respect to the Clients and/or other Partners;
- the Partner’s breach of any warranty made by it under any agreement with the Company; or
- the institution of any investigation, claim, suit, action, or other proceeding against the Company relating to or arising out of this Agreement by a Client and/or Sub-Partner and/or Parent Partner, any governmental, regulatory or self-regulatory authority or organisation.
- Upon notice from the Company, the Partner will promptly pay to the Company any amount owed to the Company under this clause. The Partner further agrees that, if any person (natural or legal) has instituted a claim, suit, action, arbitration or other proceeding, or threatened to do so, against the Company which reasonably could expose the Company to Loss or damage to its reputation and that is related to an obligation of the Partner under this Agreement, the Company may withhold any amount equal to the amount of any such claim from sums owed to the Partner by the Company, or from any other funds, securities or other property owned by the Partner and on deposit with the Company for any purpose (including, without limitation, funds, securities or other property held in any account of the Partner), until such claim, suit, action, arbitration or other proceeding has been fully resolved to the satisfaction of the Company.
13. LIMITATION OF LIABILITY
In no event shall the Company, its affiliates, officers, directors, shareholders, employees, service providers or suppliers be liable for lost profits or data, or any special, incidental or consequential damages arising out of or in connection with the Website, the Investment Services or this Agreement (however arising, including negligence), and including without limitation, as a result of any failure or malfunction of any software, hardware, communication technology or other system.
14. TERMINATION
- The Company may terminate this Agreement on one (1) month’s written notice to the Partner, or otherwise at any time by written notice to the Partner to take effect immediately where:
- the Partner is in breach of this Agreement;
- the Partner becomes insolvent, or enters into receivership, liquidation, provisional liquidation, or voluntary arrangement with its creditors; and/or
- the Company is of the view that the Partner is no longer of good repute.
- The Partner may terminate this Agreement on one (1) month’s written notice to the Company.
- Termination of this Agreement shall:
- be without prejudice to and shall not affect any accrued rights, existing commitments or any contractual provision intended to survive termination;
- not in any circumstances give rise to a claim for compensation by the Partner.
- Following termination of this Agreement:
- the Company shall not accept any new introductions from the Partner;
- the Partner proclaims that none of the Clients or Sub-Partners introduced during the term of this Agreement shall be contacted by the Partner over the period of one (1) calendar year since termination;
- the Company shall prepare a statement of account between the Partner and the Company, settlement of which shall be made within thirty (30) business days. Any payment due to the Partner shall be payable unless the Company determines otherwise in its absolute discretion acting reasonably and/or in accordance with the terms of this Agreement.
15. MISCELLANEOUS
- The Company shall not be liable for full or partial non-execution of any obligations under this Agreement if such non-execution results from forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Company shall use reasonable efforts which are consistent with accepted business practices to resume performance as soon as practicable under the circumstances.
- A person who is not a party to this Agreement has no rights to enforce any terms of this Agreement but this does not affect any right or remedy of a third party which exists or is available.
- Neither delay or a default by the Company during the execution or exercise of any right, authority or privilege under this Agreement or to which it is entitled by applicable law, will destroy or impair any such right, authority or privilege or will be considered as a waiver of such right, authority or privilege, nor any or partial execution or exercise of any right, authority or privilege will prevent or exclude any other or further execution or exercise of the execution of any other right, authority or privilege. The rights and remedies that are required by the Agreement are cumulative and do not exclude any rights and remedies required by applicable law.
- This Agreement is personal to the Partner and the Partner does not have the right and will not assign or transfer any rights or obligations under this Agreement. The Company may at any time, at its sole discretion, transfer and/or assign to any person any part or all of its rights and obligations under this Agreement.
- No variation of this Agreement shall be effective unless it is in writing and signed by the Parties (or their authorised representatives).
- If any provision or part-provision of this Agreement is or becomes invalid, illegal or unenforceable, it shall be deemed deleted, but that shall not affect the validity and enforceability of the rest of this Agreement. If any provision or part-provision of this Agreement is deemed deleted, the Parties shall negotiate in good faith to agree to replacement provision that, to the greatest extent possible, achieves the intended commercial result of the original provision.
- Each Party acknowledges that, in entering into this Agreement, it does not rely on any statement, representation, assurance or warranty (whether it was made negligently or innocently) of any person (whether a Party to this Agreement or not) (“Representation”) other an as expressly set out in this Agreement. Each Party agrees that the only rights and remedies available to it arising out of or in connection with a Representation shall be for breach of contract as expressly provided in this Agreement.
- All notices and communicates given under this Agreement must be in writing and will be delivered personally, sent by post or sent by email or at such other address as notified from time to time by the Parties changing address.
- This Agreement and any dispute or claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the law of Bermuda.
- The Parties irrevocably agree that the courts of Bermuda shall have exclusive jurisdiction to settle any dispute or claim arising out of or in connection with this Agreement or its subject matter or formation. Nothing in this clause limits the right of the Company to bring proceedings against the Partner in any other court of competent jurisdiction, and the bringing or continuing of proceedings in any one or more jurisdictions shall not preclude the bringing of proceedings in any other jurisdiction, whether concurrently or not, if and to the extent permitted by applicable law.
By approving the partner agreement on the client portal, the Partner understands the foregoing terms of the Agreement and agrees to be bound thereby.
SCHEDULE 1
Application Questionnaire and Required Documentation
CORPORATE ENTITIES:
Required Information:
Legal Name:
Legal Form: [Limited Liability Company], [Limited Partnership], [Sole Proprietor], [Fund], [Trust], [Public Company], [Investment Firm], [Branch], [Other]
Country of Incorporation:
Date of Incorporation:
Registration Number:
TIN Number:
Company Address:
Company Email:
Website URL:
Website Category: [Finance], [Business], [News], [Other]
Target Jurisdictions:
Required Documentation:
Incorporation Documents indicating date of registration, registered address, directors, and shareholders.
Certificate of Incumbency recently issued (up to 3 months)
Organisational Structure
Employee List
Business Plan to include information on how the Partner will contribute to the Company’s strategy and a description of the Partner’s main functions and objectives
Individual Documentation of Directors and UBOs to include copy of government issued identification, proof of address (not older than 3 months), a power of attorney for the company representative and a board resolution authorising any person to act on behalf of the company.
INDIVIDUALS:
Required Information:
Full Name:
Nationality:
Residence Address:
TIN Number:
E-mail:
Website URL:
Website Category:
Target Jurisdictions: [Finance], [Business], [News], [Other]
Required Documentation:
Copy of government issued identification
Proof of Address (issued up to 3 months ago)
Business Plan to include information on how the Partner will contribute to the Company’s strategy and a description of the Partner’s main functions and objectives
SCHEDULE 2
Remuneration
- Plans:
Levels |
Standard Lots* | Advanced & Advanced Plus | Raw Spread Account | |
| Net Spread Rebate (%) | Net Commission Rebate (%) | |||
| Entry Level for all Partners | Level 1 | 25% | 25% | |
Levels for all Partners
| Level 2 | 50 | 30% | 30% |
| Level 3 | 125 | 35% | 35% | |
| Level 4 | 300 | 40% | 40% | |
The Remuneration Plans are subject to the terms and conditions of the Partner Agreement. The Company offers the following remuneration to the Partner for the introduction of Qualified Clients in relation to executed trades as follows:
*100,000 units of the traded currency
**May be granted to Partners as well at the sole discretion of the Company
Partners on Levels 2 to 5 must maintain the minimum number of trades lots in order to remain in their stage, otherwise they will be downgraded accordingly by the Company. Partners who exceed the minimum number of traded lots will be upgraded accordingly.
The Remuneration Plan set out in this Schedule may be amended and/or individualized by mutual agreement of the Parties upon good faith negotiation.
The Company reserves the right, in its sole and absolute discretion, to change, modify, add or remove, at any time, any criteria applying to any part of the Remuneration Plans, including without limitation, setting any baseline, threshold, minimum earnings/deposits and/or other requirement(s) for qualifying into the Remuneration Plan and/or for receiving payment.
Parent Partners will be offered individualized plans by mutual agreement of the Parties upon good faith negotiation.
Payment Terms:
Partners will be able to request a withdrawal of their remuneration or request an internal transfer between accounts. The withdrawal may take up to one (1) week to be processed.
The Company shall execute withdrawal requests in accordance with paragraph 1 above only if the Partner is fully verified by the Company.
The Company reserves the right to change and/or provide different payment methods to the Partner.
Any transfer charges and/or fees shall be borne by the Partner.
In the event of termination of this Agreement for any reason other than any breach of conditions herein by the Partner, the Company shall pay the Partner the remaining balance due and payable to the Partner at the time of termination of this Agreement within thirty (30) days from the end of the calendar month when such Agreement is terminated.
The Partner shall be responsible for their own tax liabilities in their respective jurisdiction.
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