Partner Terms And Conditions 15th October 2014
1. Definitions and Interpretation
1.1. The following terms when used in this Agreement or any document referred to herein shall have the following meaning:
MyfxPlay Service means MyfxPlay company and any services provided by MyfxPlay under this agreement, including Search for clients, free products for clients, calculation of your commission, and any other service as agreed between the parties from time to time;
Product is trading systems provided by partners. Technically, it is the transmission of signals for opening and closing trades;
Partner means a partner of the company that provides their products to MyfxPlay service in exchange for a commission from trades of his products in the accounts of customers;
Clients means the people who came to MyfxPlay service, thanks to them we have a commission from the brokers;
Agreement means this agreement between MyfxPlay service and the partner as amended from time to time including the cover pages and any schedules and the Terms and Conditions(as amended from time to time) as referred to in clause 2.2hereof;
Business Day means any day other than a Saturday or a Sunday or a public or bank holiday;
Signature means acceptance of the terms of the contract at the time of registration on the MyfxPlay site;
Confidential Information means any information which is marked as “Confidential” or “Proprietary” or should be reasonably expected to be confidential having regard to the context of disclosure or the nature of the information; including, without prejudice to the generality of the fore going, the terms of this agreement as well as business plans, data, strategies, methods, customer and client lists, technical specifications, transaction data and customer data shall be deemed confidential.
1.2. Headings are for convenience only and shall not affect the construction or interpretation of this agreement;
1.3. Unless the contrary intention appears, words in the singular include the plural and vice versa; words importing the masculine gender include the feminine and neuter and vice versa; references to persons include bodies corporate, unincorporated associations, partnerships or an authority.
2.1. This agreement contains the terms for the provision of Service as currently described in clause 4 and such other services as agreed between the parties from time to time;
3.1. The Agreement commences on the date of signature of this Agreement;
3.2. This Agreement will continue in full force and effect unless and until either party terminates this Agreement by giving notice to the MyfxPlay company or partner;
3.3. If statistics of a Product is negative for a long period or most of the deposit was lost, the MyfxPlay has the right to stop spreading of this product;
3.4. In case of violation of any of the clauses of the contract, the MyfxPlay company has the right to terminate partnership unilaterally;
3.5. In case of supply interruption signal from your Product for more than 2 business days, the MyfxPlay company can remove the product from the store;
3.6. We reserve the right to change the terms of this agreement without notice. Partner can always see the current agreement on this page http://myfxplay.com/info/partner-terms-and-conditions;
3.7. Both sides Partner and MyfxPlay company are required to maintain honest cooperation. In case of any fraud, hacking intellectual property or attempts to circumvent the inherent rules and mechanisms of MyfxPlay, may result in termination of the contract unilaterally and confiscation not honestly earned profits in favor of the injured party.
4.1. MyfxPlay service find customers willing to sign up with brokers on the affiliate link, allowing brokers charge a commission from trades clients to accounts of MyfxPlay;
4.2. Partner provides a signal of its product for Clients through MyfxPlay service; instead he gets the main part of the commission gained by selling customers using its product. Details are in paragraph 7.4;
4.3. Customers get unlimited access to all Products, and have the ability to test every product on the demo account for 30 days.
5.1. During the term of this agreement and thereafter, each party shall use and reproduce the other party’s confidential Information only for purposes of this agreement and only to the extent necessary for such purpose and will restrict disclosure of the other party’s confidential Information to its employees, consultants or independent contractors with a need to know and will not disclose the other party’s confidential Information to any third party without the prior written approval of the other party;
5.2. MyFxPlay company agrees do not disclose to the third parties any Confidential Information. We may share information with governmental agencies or other companies assisting us in fraud prevention or investigation. We may do so when: 1. permitted or required by law; or, 2. Еrying to protect against or prevent actual or potential fraud or unauthorized transactions; or, 3. investigating fraud which has already taken place. The information is not provided to these companies for marketing purposes;
5.3. Partner agrees do not disclose to the third parties any information which he received as a partner and which is not a public on MyfxPlay service.
6. Obligations of the Parties
6.1. MyfxPlay Service agree to pay all earned dividends of Partner in the terms and conditions specified in Section 7;
6.2. MyfxPlay Service agree to provide all necessary technical support to partner, until the agreement is valid;
6.3. When submitting a request to add a new Product from Partner, MyfxPlay Service must respond no later than 15 business days;
6.4. Partner agrees to provide signals of its product without interruption and ensure that its trading platform is always on and connect to the Internet;
6.5. Partner agrees to update the program signal transmitter, which is provided to MyfxPlay if necessary;
7. Partner Commissions - Delivering and Rules
7.1. MyfxPlay Service charges partnerships rewards through one of the three payment systems: PayPal, Skrill (MoneyBookers), Payoneer (card to card);
7.2. Accrual Partner profits are calculated on the 1-5th day of each month. If payments received on account are less than $ 50, they remain on the balance of the partner to the next accrual of profits. When the amount of funds in the account partner will be more than $ 50, they will be automatically transferred to the specified method of payment;
7.3. Each broker has an individual cost of 1 lot, and it depends on the currency pair. For this reason, calculation conducted by the average value of the lot for the current month;
7.4. All earned volumes gained by advisor divide between Partner and Myfxplay Service respectively in the ratio of 80% and 20%.