RECITAL

  1. Secanity and the Participant intend to discuss certain matters regarding business, whereas each party may disclose to the other party certain information relating to their core business, and financial status, some of which information the transmitting party deems to be confidential, and trade secrets; and whereas, each party is willing to receive from the other party such information for the purpose of determining whether the parties wish to enter into a business relationship (“Opportunity”).
  1. In connection with the business-related Opportunity, certain confidential and proprietary information regarding each party (such party, a “disclosing party”) may be disclosed to the other party (such party, the “recipient”) in order for each party to evaluate the Opportunity.
  1. The parties desire to establish the terms under which they will disclose certain confidential and proprietary information.

The parties agree as follows:

Affiliate Agreement

This Affiliate Agreement (the “Agreement”) is made and entered into between Secanity (“Company”), and you, the Affiliate (“Affiliate”). This Agreement sets forth the terms and conditions governing your participation in the Company’s affiliate program (the “Program”).

Program Participation

  1. The Affiliate agrees to participate in the Program and to promote the Company’s products or services by displaying links or banners provided by the Company on the Affiliate’s website, social media channels or other online platforms. The Affiliate agrees to only promote the Company’s products or services in accordance with this Agreement, and in compliance with all applicable laws, rules, and regulations.

Commissions

  1. The Company agrees to pay the Affiliate a commission for any sale of Company products or services made by customers referred to the Company’s website through the Affiliate’s unique referral link. The commission rate is 10% of the total product sales price. The Affiliate is responsible for ensuring that their referral link is properly implemented on their website, social media channels or other online platforms.

Payment

  1. The Company shall pay the Affiliate all commissions due and payable to the Affiliate within 30 days of the end of the month in which the commission was earned. Payment will be made via the method mutually agreed upon by the parties.

Term and Termination

  1. This Agreement shall begin upon the Affiliate’s acceptance into the Program and shall continue until terminated by either party. Either party may terminate this Agreement at any time, with or without cause, by providing written notice to the other party.

Confidentiality

  1. The Affiliate acknowledges that, while participating in the Program, it may receive confidential information from the Company. The Affiliate agrees to keep this information confidential and not to disclose it to any third party without the Company’s prior written consent.

Intellectual Property

  1. The Company grants the Affiliate a non-exclusive, non-transferable, revocable license to use the Company’s trademarks, logos, and other intellectual property solely for the purpose of promoting the Company’s products or services as provided for in this Agreement. The Company provides content and visual assets to support the Affiliate. If the Affiliate wishes to create its own design assets, the Affiliate must obtain the Company’s approval prior to publication. The Affiliate agrees not to use the Company’s intellectual property in any way that could harm the Company or its reputation.

Limitation of Liability

  1. The Company shall not be liable for any damages or losses arising from the Affiliate’s participation in the Program. The Affiliate shall indemnify and hold harmless the Company and its officers, directors, employees, and agents from any and all claims, liabilities, damages, and expenses (including reasonable attorneys’ fees) arising from the Affiliate’s participation in the Program.

Competitive Products or Services.

  1. Each party acknowledges that either of them may not market or may have under-development products or services which are competitive with products or services offered or which may be offered by the other party. Subject to the express obligations set forth in this Agreement, neither this Agreement nor discussions or communications between the parties hereto will impair the right of either party to develop, make, use, procure and market any product or service or to pursue other business transactions or relationships, alone or with others, now or in the future, including those which may be competitive with those offered by the other party and those similar in nature to the Opportunity.

Governing Law and Jurisdiction

  1. This Agreement shall be governed by and construed in accordance with the laws of South Africa, without giving effect to any principles of conflicts of law. Any disputes arising under this Agreement shall be resolved in the courts of South Africa.

Entire Agreement

  1. This Agreement constitutes the entire agreement between the parties and supersedes all prior and contemporaneous agreements and understandings, whether written or oral, relating to the subject matter of this Agreement. No modification or amendment to this Agreement shall be binding unless in writing and signed by both parties.

By participating in the Program, the Affiliate acknowledges that it has read, understood, and agrees to be bound by the terms and conditions of this Agreement.

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