The FundedByMe Referral Partner Program allows a certain person or company (the “Referral Partner”), that has been pointed out by FundedByMe Crowdfunding Sweden AB, 556871-1823 (“FundedByMe”), to earn cash compensation for referring companies to FundedByMe.
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These Terms & Conditions serves to ensure that, and in which cases, the Referral Partner is compensated through a cash payment (“Finder’s Fee”) on the terms as set out below when a company – that the Referrral Partner has introduced to FundedByMe has been accepted by FundedByMe as a referred company (“Referred Company”) – successfully has raised money through a crowdfunding campaign with FundedByMe.
2. QUALIFYING TERMS
FundedByMe will pay the Referral Partner a Finder’s Fee if all conditions a)-e) of this section 2 are met: a) The Referral Partner has identified the Referred Company with name, contact details and contact person, and referred them to FundedByMe by sending the information per mail to: firstname.lastname@example.org) FundedByMe has in writing to the Referral Partner confirmed that the company will be seen as a Referred Company.c) The Referral Partner has informed the Referred Company about FundedByMe’s services, and FundedByMe has been contacted by the Referred Company with the purpose of possibly initiating a campaign at FundedByMe.d) The Referred Company has been successfully funded through a campaign on FundedByMe.e) FundedByMe has been fully paid by the Referred Company.FundedByMe reserves the right to not accept a company as a Referred Company at its sole discretion, thereby not entitling the Referral Partner to any Finder’s Fee from that specific company.
3. SIZE OF FINDER’S FEE
The Referral Partner is entitled to the following Finder’s Fee for the referral of a Referred Company: 10 per cent of Success Fee where “Commitment Fee” is the initial fixed fee, if any, paid by the Referred Company to FundedByMe before the start of a campaign, according to FundedByMe’s terms; and “Success Fee” is the total success based fee in absolute value, paid by the Referred Company to FundedByMe, calculated as a percentage of the capital raised to the Referred Company, according to FundedByMe’s terms and as otherwise agreed between FundedByMe and the Referred Company. All amounts are exclusive of VAT, and must be have been fully invoiced and received by FundedByMe.
FundedByMe shall report the amounts of Commitment Fee and Success Fee to the Referral Partner, when the requirements for the Finder’s Fee payment as stated in section 2 are fulfilled.
5. PAYMENT TERMS
Payment of Finder’s Fee is done by the Referral Partner issuing an invoice to FundedByMe. Such invoice shall be issued by the Referral Partner within thirty (30) days from the report stated in section 4. Payment shall be effected within thirty (30) days of submission of said invoice. The Referral Partner is resposbile for paying any taxes that may be applicable.
6. TERMINATION AND CHANGE
FundedByMe may suspend or terminate the FundedByMe Referral Partner Program or a person’s or company’s ability to participate in the Funded-ByMe Referral Partner Program at any time and for any reason. Require-ments and incentives may also change at any time. FundedByMe may update these Terms & Conditions at any time without prior notice. Contin-ued participation in the Referral Partner Program after any modification shall constitute consent to such modification. If the modified terms are not acceptable, the only recourse is to stop sending Referring Companies or participating in the Referrals Partner Program.
Each party shall indemnify, defend and hold the other party (and any other relation to the other party) harmless against any and all claims of whatso-ever nature arising from misrepresentation, default, misconduct, failure to perform or any other act related to these Terms & Conditions.
8. INDEPENDENCY AND RESPONSIBILITY
The relationship between the FundedByMe and the Referral Partner shall at all times be that of independent contractors. No employment, partner-ship or joint venture relationship is formed by these Terms & Conditions and at no time may the Referral Partner position itself as affiliated to FundedByMe, except as an independent referrer. In view of this independ-ent relationship the Referral Partner shall not enter into any agreements on behalf of FundedByMe, shall make no warranty either expressed or implied on behalf of FundedByMe and shall not incur any expenses on behalf of FundedByMe. The FundedByMe Referral Partner Program does not grant exclusive rights to the Referral Partner to act as referrer on behalf of FundedByMe and the Referral Partner have no rights under any other agreements entered into by FundedByMe with other referral partners. The Referral Partner is responsible for paying all income taxes and other taxes charged to the Referral Partner on amounts earned in accordance with these Terms & Conditions. All financial and other obligations associat-ed with the Referral Partner's business are the sole responsibility of the Referral Partner.
Each party shall keep all information received from the other party under these Terms & Conditions and not disclose it to any third party without the written consent of the other party.
* In order for us to pay you, your invoice needs to be sent from a company. If you are invoicing us in your personal capacity, we will refer you to a service that can assist you with creating this type of invoice.
Referral Partner Program
Your network is full of companies in need of money to grow. If you believe crowdfunding could help, point them in our direction. Tell them about FundedByMe and how crowdfunding may benefit them. Get them to start their application on FundedByMe.com and if your referral leads to a successfully closed campaign, we will share the revenue with you.
10% of our success fee will be yours - simply for making introductions! To qualify for payment, we need you to notify us before the campaign contacts our platform. Be sure to read through the Referral Partner Program Terms & Conditions below.
REFER SOMEONE NOW
DON'T FORGET! Inform your referred company to start their application on FundedByMe. Send them this link:
Send us your referral today. Once they successfully close their crowdfunding round and pay our invoice, we will pay you*. Simple!