Effective Date: 2024-01-01
These terms and conditions ("Terms") govern your participation in the affiliate program ("Program") offered by Hummbud ("Company," "we," "us," or "our"). By participating in the Program, you agree to be bound by these Terms. Please read them carefully.
Anyone referred to as signing up for this affiliate program will be hereinafter referred to as ("Referee").
1.1 Commissions start at 2% for non-recurring referrals (Code Z) and can increase up to 4% with each new client.
1.2 If a referral secures a quarterly recurring client, they can upgrade to Code Y and earn commissions of up to 7% with each new client.
1.3 Access and perks to Code X are exclusive to affiliates with clients who have signed up for 12 months or longer.
1.4 We work on PPS (Pay Per Sale), which is an affiliate marketing commission model where affiliates earn a commission when a customer makes a purchase through their personal referral or referral link.
1.5 The commission is a percentage of the sale price and is only paid upon successful transactions without any refund requests.
2.1 Commissions are only sanctioned for each month a client is active without canceling.
2.2 Commissions are valid after the 14-day money-back period, provided there is no refund request.
3.1 The commission payout is monthly.
3.2 Commissions are calculated based on the total sale value.
4.1 Partner Type X: Eligible for 12-month recurring referrals. (8-10% commission)
4.2 Partner Type Y: Eligible for 3 months of recurring referrals. (5-7% commission)
4.3 Partner Type Z: Eligible for monthly recurring referrals. (2-4% commission)
5.1 Either party may terminate this agreement at any time, with or without cause, by giving prior notice to the other party.
5.2 Upon termination, all accrued but unpaid commissions will be paid in the next scheduled payout.
6.1 We use third-party software to run our affiliate program.
6.2 The use of third-party software ("Software") mentioned or recommended on our platform is entirely at your own risk. We do not assume any responsibility or liability for the performance, functionality, or reliability of such Software.
6.3 It is your responsibility to carefully review and comply with the terms of use and licensing agreements associated with any third-party Software. By using such Software, you agree to abide by the terms and conditions set forth by the respective third-party providers. You may review the software's terms and conditions and privacy policy here: https://tolt.io/
6.4 Under no circumstances shall we be liable for any direct, indirect, incidental, special, consequential, or exemplary damages, including but not limited to damages for loss of profits, goodwill, use, data, or other intangible losses, even if we have been advised of the possibility of such damages.
6.5 We reserve the right to update, modify, or remove information related to third-party Software on our platform at any time without prior notice. It is your responsibility to stay informed about any changes or updates.
1. Travel and Accommodation:
The Company acknowledges that certain business requirements for Code X perks may include travel tickets, hotel stays, and local commutes as suggested by the Company. It is explicitly stated that the Company will not reimburse any costs or bookings made by the Referee.
2. Additional Commissions:
In consideration of Code X perks, additional commissions for the Referee may be granted, and such commissions can go up to a maximum of 10%. The determination of the commission percentage is at the sole discretion of the Company.
3. Gift Cards:
The Company may provide gift cards to Referees in Code X perks, and the maximum value of such gift cards shall not exceed $100. Any deviation from this maximum value is solely at the discretion of the Company.
4. Vacation Offers:
The Company may choose to offer vacations to Referees in Code X perks. It is expressly stated that the decision to offer vacations, including the destination, duration, and booking arrangements, is at the sole discretion of the Company. The Referee acknowledges that they have no right to dictate or influence such decisions made by the Company.
5. General Provisions:
5.1 All benefits, including but not limited to travel, accommodation, additional commissions, gift cards, and vacations, are provided at the discretion of the Company.
5.2 The Company shall not be liable for any costs or expenses incurred by the Referee in relation to the aforementioned perks.
5.3 The Referee acknowledges and agrees that the terms and conditions of Code X perks are subject to change by the Company at any time without prior notice.
5.4 Any disputes arising out of or in connection with Code X perks shall be resolved in accordance with the dispute resolution mechanism specified in the general terms and conditions of the Company.
8.1 We reserve the right to modify or terminate the Program at any time without notice.
8.2 You agree to comply with all applicable laws, rules, and regulations in promoting our products.
8.3 These Terms constitute the entire agreement between you and us and supersede any prior agreements or understandings.
By participating in the Program, you acknowledge that you have read, understood, and agree to these Terms. We may update these Terms from time to time. Your continued participation in the Program after the effective date of such changes constitutes your acceptance of the modified Terms.
Thank you for being a valued affiliate partner with Hummbud.
