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Document Preview Merchant and Partner Network Agreement |
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Title: |
Merchant and Partner Network Agreement |
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Entities: |
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Date: |
2000 |
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Preview shows 5KB of 20KB total |
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Price: |
$40 |
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ID: |
#1167675 |
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<SEQUENCE>11
<FILENAME>0011.txt
<DESCRIPTION>MERCHANT AND PARTNER NETWORK AGREEMENT
<TEXT>
<PAGE>
MERCHANT AND PARTNER NETWORK AGREEMENT
This Merchant and Partner Network Agreement (the "Agreement") is effective
as of the 8th day of May, 2000 (the "Effective Date") by and between Dynamic
Trade Inc. ("Network") and PTN Media ("Merchant").
BACKGROUND
Network is in the business of providing networked services between Internet
commerce Web sites (as such services are described more fully in Section 1(g)
hereof, (the "Services")). Merchant owns and maintains an on-line storefront on
the World Wide Web, accessible to the public with a URL of
www.fragrancedirect.com the "Merchant Site"). Network desires to provide the
Services to the Merchant, and Merchant desires to appoint Network to provide the
Service, all in accordance with the terms of this Agreement.
AGREEMENT
NOW THEREFORE, in consideration of the foregoing and the mutual covenants
and conditions contained herein, the parties agree as follows:
1. DEFINITIONS
(a) "Network Commission" shall mean 3% of the Net Sales Price.
(b) "Network Fee" shall equal $0.00 per month.
One time set up fee equal to $2,500 due at signing.
(c) "Payment Period" shall mean the interval at which payments shall be made
to Network and Partner Sites pursuant to Section 5(o). The Payment Period
shall be Calendar Monthly. Minimum Payment shall be $50.00.
(d) "Net Sales Price" shall mean the price at which Products are actually
sold by Merchant to a Qualified Customer, exclusive of transportation and
packaging costs, insurance, duties, taxes and other governmental charges,
commercial, trade and cash discounts actually granted by Merchant.
(e) "Products" shall mean those products available for sale on the Merchant
Site at any time during the term of this Agreement.
(f) "Qualified Customer" shall be a person who has accessed the Merchant
Site via a link from a Partner Site that is facilitated by Services and
who purchases from the Merchant Site within 90 days of such initial
visit.
(g) "Services" to be performed by Network for Merchant under the
ConnectCommerce(TM) suite of services include (i) working on Merchant's
behalf to secure and enroll appropriate Partner Sites for Merchant; (ii)
providing the system that links the Merchant Site to Partner Sites; (iii)
providing a server upon which the requisite software is housed; (iv)
tracking purchases by Qualified Customers through the Partner Network;
(v) billing Merchant for Partner Site Commissions; and (vi) dispersing
funds delivered to Network as payment of Partner Site Commissions which
meet payment criteria established by Network.
(h) "Partner Site" shall mean sites on the World Wide Web that agree to
provide a hypertext link or links that will direct third parties from
such site to the Merchant Site in exchange for payment by Merchant to
Partner Site of a commission for Products sold by Merchant to Qualified
Customers.
(i) "Partner Site Commissions" shall mean the percentage of Net Sales (as
defined in the respective Partner Agreement) to which each Partner Site
is entitled under its respective Partner Agreement. Standard Partner
Site Commission shall be 5% of Net Sales Price. Partner Site Commissions
shall vary from Partner Site to Partner Site with maximum Partner Site
Commission equivalent to 8%. All Partner Site Commissions above and
beyond this maximum shall be pre-approved by Merchant and have been
adjusted so as to compensate for all returned and canceled orders.
<PAGE>
2. TERM
(a) Term. This Agreement shall commence on the Effective Date and shall
continue for a period of one year (the "Initial Term"). This Agreement shall
automatically renew annually thereafter for one year terms on the same terms and
conditions of this Agreement unless otherwise agreed to in writing by the
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