Partnership Programme Regulations

Article I

The Partnership Programme Regulations set out the principles of cooperation in the Partnership Programme between the Operator and the Partner. The Partner accepting the terms of these Rules agrees to cooperate with the Operator under the terms of this privacy policy.

Article II

Definitions

The terms used herein shall be understood as follows:

Regulations – this document;
Partnership Programme – a programme that rewards Partners for referring new Users to the Service through various forms of online advertising;
Partner – A Partnership Programme participant who signed up in the Partnership Programme, providing service to the Organizer by referring Users to the Service under the terms of these Rules;
Operator – Welmory Limited with its registered office in Nicosia (Cyprus) P.C. 1065 Arch. Makariou III, 2-4/703, formed under the laws of Cyprus and registered in the register held by the Ministry of Commerce, Industry and Tourism, Department of Registrar of Companies and Official Receiver Nicosia, under No. HE 245903
Service – on-line transactions carried out by the Operator maintained in the domain www.wellbid.com in which the Operator arranges the sale of items presented by the Presenter and provides information on the current prices of items sold through the portal;
Service Regulations – the Service Regulations posted on http://www.wellbid.com;
User – a person who has registered with the Service;
Partner Panel – the "Partner" tab in User's Account;
Bidding – the use of the Service function enabling those willing to purchase a given item offered in the Auction and offer a higher price than the current price for it, thus allowing for the conclusion of a sales agreement for the given item;
BID – the right to a single Bid, a Bid by the Autobid or other action described in the regulations of the wellbid.com Service;
Referred User – a person who has become a User of the Service as a result of activities of the Partner conducted under the terms of this Regulation;
Partner ID – the individual code of a Partner;
Partner Account – the page on which the commission of the Partner is calculated, located in the Partner Panel;
Following Partner – a Referred User who has been a Partner;
Table of Commissions – a tab in the Partner Panel.

Article III

General Provisions

1. A Participant of the Partnership Programme may be an adult individual. A legal person or entity without legal personality may become a member of Partnership Programme after having acquired the Operator's permission which may be either an adequate e-mail message or an additional, signed contract (contact our Customer Service office).
2. A Partner may have only one account in the Partnership Programme. Each subsequent new account of the same Partner in the Partnership Programme beyond the limit specified in point 2 will be blocked by the Operator without warning.
3. A Partner may place advertising forms only on the internet:
   1. in domains to which he/she has a legal title,
   2. or on other sites, in which the regulations of other entities allow the use of the space, without breaking the rules of these Regulations.
4. The website where the Partner places advertising forms must be a complete site, in terms of functionality and aesthetics, it should include themes capable of being clarified, which also does not violate the provisions of these Regulations, English law and moral norms of behaviour.
5. The website must be available for the Operator at any time to verify whether the individual provisions of these Regulations are obeyed.
6. Violation of the provisions of paragraphs 3-5 of this article may result in immediate termination of the Agreement and other sanctions as provided for in these Regulations.
7. If in the present Regulations there are phrases or words used and they are not defined, they should be interpreted in accordance with the Regulations of the Service.

Article IV

Beginning of cooperation

1. In order to join the Partner Programme anyone interested in participating in the programme should read the Regulations of the Partnership Programme and confirm acceptance by checking "I Accept" placed under the content of the Regulations. By selecting "I Accept" an account in the Partnership Programme will automatically be set up.
2. By performing the actions indicated in section 1, the potential Partner submits an offer to make an Agreement, which shall be immediately confirmed automatically via electronic communication to an e-mail address provided in the registration form.
3. Upon activation the Partner will receive access to the Partner Panel.

Article V

Limitations

The Operator reserves the right to monitor activities of the Partner and terminate the Agreement with immediate effect, in the following cases:

1. 1. including in promotional materials content that infringes the law or moral standards, in particular:
   2. pornographic and erotic content,
   3. content that is abusive, defamatory, infringing the personal rights of others,
   4. content that encourages the development of hate, racism, xenophobia or conflicts between nations or religions,
   5. content that infringes copyrights or other intellectual property rights, or encourages copyright infringement, including by providing information or material which may involve an infringement of copyright or other intellectual property rights.
2. the use of websites for illegal purposes or against moral standards, in particular:
   
   1. unauthorized access in any way to files or hyperlinks of graphic files, music or literary texts and other works covered by copyrights or as intermediaries in the illegal sharing of materials protected by copyrights,
   2. sharing harmful content, such as viruses, "Trojan horses", containing "bugs" or other harmful destructive elements or hyperlinks to them;
   3. placing content or taking other actions violating the principle of fair competition;
   4. misleading website visitors, in particular as to its representative, the origin of the goods and services presented or in another manner,
3. detecting illegal activities of the Partner affecting the operation of the Service or the charging of commissions in the Partnership Programme,

Article VI

The calculation and payment of commission

1. The clicking by any person in the advertising form of the Partner will cause:
   1. redirecting to the Service
   2. designation of such a person with the Partner ID and saving this information in a cookie his/her computer.
2. The User will be assigned to the Partner as a Referred User, subject to paragraph 3, if the person with the Partner ID, who has not been up until now a User, registers with the Service and becomes a User, until the expiration of the cookie.
3. In the situation when a person has been designated with the Partner ID later clicks on an advertising form of another Partner, the Partner ID changes to the Partner ID of the person whose advertising form was last clicked, prior to registration on the Service .
4. The cookie is valid for 30 days.
5. The Shares belonging to the Invited User in the Partner Service for which the commission is calculated in favor of the Partner and the rates of the commission are specified in the Commissions Table.
6. Our system keeps every Partner's Shares' and Commissions' record.
8. The Partner commission will be paid as follows:
   1. Non-cash payment. The Partner may convert resources accumulated in his/her account in the Partnership Programme for BIDs. The conversion of the commission (or a part thereof) for BIDs is made in accordance with Commissions Table.
9. Each payment is dependent on the positive verification of the settlement and the Partner (and verification of the amount of Referred Users). Verification is made by the Operator and shall include checking compliance with these conditions of the Regulations by the Partner. In the case of a negative verification (finding a violation of the Regulations), the Partner may be charged a contractual penalty, which will be subject to a deduction of Partner’s payables. In such a case the Operator may terminate the Agreement immediately.
10. The Operator reserves the right to manually adjustment of the amount of the commission payable to the Partner Account in the event of an error in calculating the commission associated with an error of the Service or the detection of illegal activities affecting the operation of the Service.

Article VII

Limitation of Liability

1. The Operator is not responsible for:
   1. the inability to register the Referred person in the Service,
   2. the inability to recognize the person registered as a Referred User caused by removing / modifying a file containing the cookie with information about how the referral, obtained by clicking a banner or passing through an advertising panel or the User not using the "cookie" technology,
   3. technical problems related to the display of banners, the calculation of Bids or redirecting visitors from the Partner website.
   4. any irregularities associated with accounting under the Partnership Programme, for reasons attributable to the Partner.
   5. loss of benefits associated with participation in the Partner Programme and others;
   6. damage indirectly related to participation in the Partnership Programme (in particular for loss of potential profits by the Partner).
2. The Operator shall have the right to charge the Partnership Programme Participant for possible costs of court proceedings, damages, penalties, supervision and technical repair as well as other consequences incompatible with the Regulations or the Law from the activities of the Partner.
3. The Partner shall be liable for any damages caused by a violation of the Agreement and Regulations.
4. In the event of a violation of the provisions of these Regulations, in addition to other consequences provided for in the Regulations, the Operator may require the Partner to pay a contractual penalty to equal to the value of the funds in his account. A contractual penalty does not exclude the Operator from seeking damages in excess of the amount of the penalty.

Article VIII

Privacy Policy

1. The Partner at the time of registration agrees to storing and processing his/her personal data information by the Operator, on the terms described in these Regulations.
2. Any personal data entered by the Partner will be processes according to the Law on electronic services and the Law on personal data protection.
3. The Partner agrees for the Operator to processes his/her personal data for the purposes of the Partnership Programme and for marketing purposes.

Article IX

Final Provisions

1. The Operator reserves the right to change these Regulations at any time.
2. The new version of the Regulations will be made available on the website. The Partner will be notified about any changes in the Regulations via e-mail on the e-mail address defined in the registration process on the Service. Possible changes in the relationship between the Operator and the Partner are valid from the time of this notification, unless the Partner within seven days of receiving notification of the change in the Regulations terminates the agreement. In this case the Partner has the right to request payment of all accumulated funds in his/her account regardless of the balance.
3. Changing the Commissions Table, it is not a change of the Regulations.
4. Each party may terminate the agreement with one month notice without stating a reason.
5. The Operator reserves the right to temporarily suspend or close the Partnership Programme in its entirety. In such a case the Partner has the right to request payment of all accumulated funds in his/her account, regardless of the balance.
6. At the end of the agreement the Partner is entitled to payment of commissions charged to the last day of the agreement period. The entitlement is valid for 30 days since the conclusion of the agreement. After this period the gathered but not withdrawn resources will be lost.
7. In matters not covered by these Regulations the provisions of the Civil Code and relevant laws shall apply.
8. The Partner may transfer the rights and obligations under this Agreement only with the prior written consent of the Operator.
9. Any dispute which may arise from the application of the provisions of these Regulations and cooperation in the Partnership Programme will be settled by a competent court of law.