STANDARD TERMS AND CONDITIONS FOR AFFILIATES
These standard Terms and Conditions together with the insertion order (“IO”)
(collectively, the
“Agreement”), executed by and between Avronim Media Kft. (“Avronim”) and the entity or
person detailed in
the applicable IO (the “Company”) (together with Avronim, the “Parties”, and each party
separately
shall be refenced herein as a "Party").
Whereas, Company possesses specialized knowledge, skills and experience in the field of
online
advertising and campaign management; and
Whereas, Avronim wishes to retain Company’s service to promote Avronim’s products and
services
through online advertising ;
Therefore, in consideration of the mutual covenants and undertakings hereinafter set
forth, the Parties
agree as follows:
- DEFINITIONS
- “Advertising Material” means all text, images, sound, video, other content
and URLs used by
Avronim for advertising purposes, including any Intellectual Property
incorporated therein.
- “Confidential Information” means any information of the disclosing Party
whether or not in
tangible form, of a private, secret, proprietary or confidential nature, or
treated by the
disclosing Party as such (including by marking such information as
confidential or by informing
the receiving Party in writing of such disclosure of Confidential
Information), including but not
limited to: (1) any deliverables provided by a Party under this Agreement;
(2) any reports or
invoices delivered by a Party under this Agreement; (3) information relating
to a Party’s
business or financial affairs; (4) marketing strategies of a Party; (4)
lists of customers, suppliers
and service providers of a Party; or (5) any information of any Third Party
as to which the
disclosing Party owes a duty of confidentiality. Confidential information
shall not include any
information that the non-disclosing Party can verify with substantial proof:
(1) is generally
available or known to the public through no wrongful act of the
non-disclosing Party; (2) was
independently developed by the non-disclosing Party; or (3) was disclosed to
the non-disclosing
Party by a Third Party under no obligation of confidentiality to such Party.
- “End Users” means any Third Party who is an individual person.
- “Intellectual Property” means trade names, logos, trademarks, service
marks, trade dress,
internet domain names, copyrights, patents, trade secrets, know-how and
proprietary
technology, either registered or unregistered which is currently owned by a
Party or which may
be developed and/or owned by it in the future.
- "Product(s)" means the platform, products, services, documentation and
related components
offered by a Party.
- “Prohibited Activity” means any illegal or questionable activity including
without limitation: (a)
using deceptive or false representations and/or notifications to End Users;
(b) using automated
or direct installation of a program or using any automated program intended
to generate nonhuman
clicks (this may include by using scripts, web crawlers, spiders, bots or
other similar nonhuman
programs); (c) hacking, interfering, uninstalling or disabling any Third
Party content,
application, widget or any part thereof ; (d) generate, use, distribute or
propagate viruses,
worms, Trojan horses, or any other malicious code, file or program; (e) use
the End User’s
device for purposes that are unwarranted and unexpected by the end user
(such as consuming
bandwidth or computer resources, spamming or obtaining personal information
from an end
user’s device); (f) act in a fashion that may harm or dilute Avronim’s
reputation; (g) take any
action that may harm the security of End User’s device or the privacy of the
End User, or
materially interfere with or disrupt web navigation or browsing; (h) using
any misleading,
deceptive or fraudulent practices whatsoever, including but not limited to
non-human traffic
(e.g. bots), inflating views, clicks or actions, etc..
- “Prohibited Content” means any content that is: (a) false, deceptive,
misleading, infringing
upon any applicable law, fraudulent, libelous, defamatory, abusive, violent,
prejudicial,
obscene, sexually explicit; (b) excessively profane, racist, ethnically
offensive, threatening,
infringing, excessively violent, discriminatory, hate-mongering or otherwise
objectionable
content; (c) defame, abuse, or threaten physical harm to others; (d) any
type of harmful
applications or components which intentionally create or exploit any
security vulnerabilities in
an End User’s device, including without limitation: viruses, spyware,
malware, Trojan horses,
spamware, worms or any other malicious code or conduct; (e) advocate or
facilitate violence
of any kind; (f) any other content that would otherwise be considered as a
criminal offense or
could give rise to a civil liability, or considered questionable or illegal
in any fashion according
to applicable laws in the relevant jurisdictions or that is infringing upon
Third Party right.
1.8. “Company Guidelines” shall mean the most current version of Company’s
industry standard
guidelines or policies as specified in an IO, which may be updated by
Company from time to
time.
- “Third Party” means an individual or entity that is not a party to this
Agreement.
-
SERVICES
- During the term of this Agreement, the Company agrees to: (1) use its
knowledge, skills and
experience to purchase online media and to utilize media placement and other
methods of
online advertising to generate Internet traffic to promote Avronim’s
Products (the
“Campaign”); and (2) manage the online advertising campaign associated with
the Campaign
(collectively, the “Company Services”).
- As part of the Company Services, Company will direct End Users to certain
sites and landing
pages designated by Avronim, whereby End users will be able to use certain
services and/or
products (the "Products").
- The Campaign underlying any respective IO may include Company’s purchase of
online
advertising for the purpose of displaying Advertising Materials provided by
Avronim. The
Advertising Materials shall be provided according to the terms set forth in
the Agreement.
- Avronim reserves the right to suspend or cancel any Campaign for any
reason, including but
not limitation if Company does not comply with applicable law and/or deemed
by Avronim as
in breach of its obligations.
- LICENSE GRANT AND CONDITIONS
Avronim grants to Company during the term of this Agreement a worldwide, royalty
free, nonexclusive
license to use, reproduce, distribute and create derivative works of the Advertising
Materials as required to fulfill Company’s obligations under this Agreement.
Notwithstanding the
above and/or anything to the contrary in this Agreement, Avronim may restrict the
campaigns to
certain geo locations or revise the aforementioned grant of license, within the
commercial scope of
an applicable IO and/or upon the parties’ mutual written consent.
- PAYMENT AND REPORTING
- In consideration for Company’s performance of the Company Services, Avronim
shall pay to
Company any non disputed amount based on the mechanism stipulated in the
applicable IO,
and solely upon Avronim’s receipt of applicable payments from its partners
(the
“Consideration” or “Company Fee”). The information upon which the
Consideration shall be
determined, shall be calculated exclusively by Avronim, as its resolution in
respect thereof shall
be final. The Company Fees include any and all sales, use, value added,
excise or similar tax
(and any related duties, tariffs and similar charges) that may be due under
this Agreement.
- In the event that Company disputes the calculation made by Avronim, it
shall notify Avronim in
writing and indicate the reasons for the dispute. The Parties thereafter
shall work together in
good faith to resolve the dispute and to come to a common ground and
mutually acceptable
calculation. In the event the Parties are unable to come to an agreement,
Avronim’s
information and numbers shall control.
- All payments under this Agreement will be made in such currency as
indicated in the applicable
IO.
-
TERM AND TERMINATION
- This Agreement shall commence on the Effective Date and shall continue
terminated as set
forth herein.
- Any IO entered into by the Parties shall terminate on the termination date
specified in the IO
unless earlier terminated by the Parties as set forth in this Section. For
clarification, all portions
of this Section relating to termination of the Agreement shall equally apply
to the termination
of an IO, unless specified otherwise in such IO.
- Either Party may terminate this Agreement without liability, for any reason
or no reason upon
two (2) days written notice.
- Avronim may terminate this Agreement immediately with notice if the other
Party becomes
insolvent, ceases to do business as a going concern, makes an assignment,
composition or
arrangement for the benefit of its creditors, or admits in writing its
inability to pay debts, or if
proceedings are instituted by or against it in bankruptcy under applicable
insolvency laws, or
for receivership, administration, winding-up or dissolution (other than in
the course of a solvent
reorganization or restructuring approved by the other Party to this
Agreement).
- Notwithstanding the foregoing, Avronim may immediately terminate this
Agreement if
Company engages in any action or activity that, in Avronim’s sole
discretion, reflects poorly on
Avronim or devalues Avronim’s reputation or goodwill, or should Company
breaches the
provisions of this Agreement, including but not limited to, any of its
representations and
warranties.
- Upon termination of this Agreement: all licenses granted hereunder will
terminate, and each
Party will promptly return to the other any Confidential Information or
copies thereof received
from the other.
- All provisions of the Agreement relating to data ownership or intellectual
property,
confidentiality, indemnification, disclaimers of warranties, limitations of
liability and General
terms will survive termination of this Agreement.
- Sections 4, 5.8, 7, 8, 9, 10, 11, 12 and 13 shall survive the expiration or
termination of this
Agreement.
-
REPRESENTATIONS
- General Representations. Each Party hereby represents and warrants that:
(a) it has the full
corporate right, power and authority to enter into this Agreement and to
perform the acts
required hereunder; (b) it owns or has the legal right to distribute any
Advertising Material and
to grant any Intellectual Property licenses granted hereunder; (c) the
execution of this
Agreement by each Party and the performance of its obligations and duties
hereunder does
not and will not violate any law, statute or regulation, or any agreement to
which it is a party
or by which it is otherwise bound; and (d) when executed and delivered, the
Agreement will
constitute the legal, valid and binding obligation of each Party,
enforceable against each Party
in accordance with its terms.
- By Company. Company hereby represents and warrants that:
-
Company’s performance of the Company Services shall not violate any
applicable laws,
statutes, or Third Party rights, including rights of privacy and
intellectual property rights;
- Company shall not engage in any action or activity that reflects
poorly on Avronim or
otherwise disparages or devalues Avronim’s reputation or good will,
its performance
under this Agreement does not violate any applicable laws, statutes
or Third Party rights,
including rights of privacy and intellectual property rights, and
shall no not engage in any
Prohibited Activity or preform the Company Services by using a
Prohibited Content;
- If Company becomes aware of any legal restriction regarding the
distribution of any
Advertising Materials in any of the agreed territories it will
immediately notify Avronim
and Avronim and Company will immediately cease such distribution;
- It acknowledges that, without limiting any other terms of this
Agreement or other
remedies available to Avronim, in the event Company or any other
Third Party engages in
any fraudulent activity, Avronim will have the sole and exclusive
right to terminate the
applicable campaign or take any other applicable measures at its
sole discretion.
- Without derogating from the generality of the above, Company will
not, directly or
through a Third Party, engage in any other harmful or deleterious
programming routines
or otherwise interfere with the function or performance of Avronim
Products;
- Company shall make no representations, warranties or agreements on
behalf of
Avronim;
- Company shall only use Advertising Materials within the scope of
this Agreement.
Subject to the Advertising Materials as may be forwarded by Avronim,
the Company shall
not use the Advertising Materials or any other terms, trademarks or
other intellectual
property rights of Avronim and/or its partners unless Avronim and/or
its applicable
partner consents to such use in writing. For avoidance of doubt, the
Company may not use
the Advertising Materials, Avronim and/or its partners’ name or
intellectual property
rights (including but not limited to graphics and design material)
in any bulk emails unless
against prior written consent of Avronim and/or its applicable
partner;
- Company shall at all times comply with data protection and privacy
regulations,
legislation and subsidiary legislation as may be applicable from
time to time, e.g. Company
shall always inform its End Users that tracking technology will be
installed on the End
Users’ hard drive when the user clicks on the links which underlay
the Advertising Material,
and provide such End Users with an option to reject such
installation;
- Company shall maintain at least an opt-in facility for the End
Users to subscribe to the
receipt of Advertising Material from the Company via SMS or email;
and
- Company shall ensure that for Advertising Material sent to End
Users by the Company,
an unsubscribe facility shall always be in place whereby an End User
can opt to stop
receiving Advertising Materials from the Company.
- Company's Obligations
- Company hereby agrees to use the Avronim’s Products and/or Advertising
Material and all
related software and documentation, as well as process all personal data, in
compliance with
all applicable laws and regulations, including but not limited to applicable
data security and
privacy laws, which apply to the Company and/or to its products or services,
and/or to any
users or potential users of its services and/or products.
- Company represents and warrants that no third party agreement prevents it
from using the
Avronim’s Products and/or Advertising Material as contemplated hereunder.
- Company shall not, directly or indirectly: (i) attempt to infiltrate, hack,
reverse engineer,
decompile, or disassemble the Avronim’s Products and/or Advertising Material
or any part
thereof for any purpose; (ii) interfere with, modify, disrupt or disable
features or functionality
of the Avronim’s Products and/or Advertising Material; (iii) represent that
it possesses any
proprietary interest in the Avronim’s Products and/or Advertising Material,
documentation or
any part or derivative thereof; (iv) take any action to contest Avronim's
intellectual property
rights or infringe them in any way; (v) remove or use the name, trademarks,
trade-names, logos
and other proprietary notices of Avronim contained on or in the Avronim’s
Products and/or
Advertising Material or documentation (except as specifically authorized by
Avronim in
writing); (vi) copy any part or content of the Avronim’s Products and/or
Advertising Material or
of the documentation other than for Company’s own internal business purposes
(except as
specifically permitted herein); (vii) use the Avronim’s Products and/or
Advertising Material or
any part thereof to build a competitive product or service or provide any
service or product
which is not in accordance with the laws applicable to it; (viii) sell,
rent, lease, sublicense,
distribute, redistribute, syndicate, create derivative works of, assign or
otherwise transfer or
provide access to, in whole or in part, the Avronim’s Products and/or
Advertising Material or
any Avronim’s Products and/or Advertising Material data to any third person
(except as
specifically permitted herein); (ix) permit other individuals or entities to
create links to the
Avronim’s Products and/or Advertising Material, or “frame” or “mirror” the
Avronim’s Products
and/or Advertising Material on any other server, or wireless or
Internet-based device, or
otherwise make available to a third party any token, key, password, or other
login credentials
to the Avronim’s Products and/or Advertising Material or any users or
potential users referred
through Avronim’s Products and/or Advertising Material; (x) transmit
software viruses or any
other computer code, files, or programs designed to interrupt, destroy, or
limit the
functionality of any computer software or hardware or telecommunications
equipment into
the Avronim’s Products and/or Advertising Material or Avronim’s network
environment or any
users or potential users referred through Avronim’s Products and/or
Advertising Material; (xi)
misrepresent the source or ownership of Avronim’s Products and/or
Advertising Material data;
(xii) use the Avronim’s Products and/or Advertising Material or Avronim’s
Products and/or
Advertising Material data in any manner or for any purpose that violates any
applicable law or
regulation or any rights of any person. Company shall provide commercially
reasonable
assistance to Avronim to prevent the occurrence of any such activities by
any third parties and
any approvals thereof reasonably required by Avronim.
- Company shall abide by all Anti Money Laundering (AML) and Know Your
Clients (KYC)
requirements and legislation, and shall provide Avronim with all reasonably
required KYC and
AML materials requested by Avronim.
-
PROPRIETARY RIGHTS
- Each Party retains all right, title, and interest in and to its
Intellectual Property rights and
nothing contained in this Agreement will grant either Party any right, title
or interest in the
trademarks, trade names, service marks, copyrights or other Intellectual
Property rights of the
other Party other than the limited license grants provided herein.
- Without derogating from the generality of the foregoing, Avronim retains
all ownership and
Intellectual Property rights in any deliverables, software, reports,
documentation and other
materials furnished in connection with its performance under this Agreement.
Avronim or
Avronim’s respective Partner, shall retain and own all rights to and for any
amendment,
addition, modification, enhancement, and/or derivative work with respect to
the Advertising
Materials.
-
CONFIDENTIALITY
- During the Term of this Agreement and thereafter, each Party agrees: (a)
not to disclose a
disclosing Party’s Confidential Information to any Third Parties other than
to its shareholders,
directors, officers, partners employees, advisors or consultants
(collectively, the
"Representatives") on a “need to know” basis only and provided that such
Representatives are
bound by written agreement to comply with the confidentiality obligations
contained herein;
(b) not to use any of the disclosing Party’s Confidential Information for
any purposes except to
carry out its rights and responsibilities under this Agreement; and (c) to
keep the disclosing
Party’s Confidential Information confidential using at least the same degree
of care it uses to
protect its own confidential information, which shall in any event not be
less than a reasonable
degree of care.
- The parties agree that the content and existence of this Agreement and the
nature of the
relationship between the parties shall not be disclosed to a Third Party
without the mutual
written consent of both parties prior to such disclosure.
- This Confidentiality section shall survive any termination or expiration of
this Agreement.
-
INDEMNIFICATION
- Company will be liable for, defend, hold harmless, and indemnify Avronim
and its
subsidiaries, affiliates, directors, officers, employees and agents
(collectively " Avronim
Parties") against any and all claims, demands, suits, actions, costs,
expenses, losses, damages
and/or liabilities of any kind (including but not limited to reasonable
attorney's fees) which are
threatened, asserted or filed, brought, commenced or prosecuted by any Third
Party against
the Avronim Parties or in which any of the Avronim Parties may be involved
in consequence of
or relating to: (a) Company’s performance of this Agreement; (c) any
fraudulent or negligent
acts or omissions by Company; or (d) Company’s failure to comply with any of
the Avronim
Guidelines and/or applicable laws.
- Company will fully cooperate with Avronim in the defense and settlement of
any Third
Party claim, and at Avronim's demand will assume responsibility for the
investigation,
preparation, defense, trial and settlement of such claim, with the express
provision that
Avronim will not settle the claim without Avronim's prior written explicit
approval.
-
WARRANTY DISCLAIMERS
ALL PRODUCTS AND ADVERTISING MATERIALS AND ANY RELATED MATERIALS ARE PROVIDED BY
AVRONIM ON AN “AS-IS” AND “AS AVAILABLE” BASIS, AND AVRONIM SPECIFICALLY DISCLAIMS
ALL
WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION ANY IMPLIED WARRANTY OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NONINFRINGEMENT OF INTELLECTUAL
PROPERTY RIGHTS, AND ANY IMPLIED WARRANTIES ARISING FROM COURSE OF DEALING OR COURSE
OF PERFORMANCE. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, AVRONIM
SPECIFICALLY DISCLAIMS ALL WARRANTIES REGARDING ANY BENEFIT COMPANY MAY OBTAIN FROM
THIS AGREEMENT.
-
LIMITATION OF LIABILITY
IN NO EVENT SHALL AVRONIM BE LIABLE TO THE COMPANY FOR ANY CONSEQUENTIAL, INDIRECT,
SPECIAL, INCIDENTAL, EXEMPLARY OR PUNITIVE DAMAGES ARISING OUT OF OR RELATED TO THIS
AGREEMENT, INCLUDING BUT NOT LIMITED TO DAMAGES FOR LOST DATA, LOST PROFITS, LOSS OF
GOODWILL, LOST REVENUE, SERVICE INTERRUPTION, COMPUTER DAMAGE OR SYSTEM FAILURE OR
COSTS OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES, ARISING OUT OF OR IN
CONNECTION
WITH THIS AGREEMENT. THE LIABILITIES LIMITED BY THIS SECTION 12 APPLY: (I) TO
LIABILITY FOR
NEGLIGENCE; (II) REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT, TORT, CIVIL,
CRIMINAL, OR OTHERWISE; (III) EVEN IF A PARTY IS ADVISED IN ADVANCE OF THE
POSSIBILITY OF THE
DAMAGES IN QUESTION AND EVEN IF SUCH DAMAGES WERE FORESEEABLE; AND (IV) EVEN IF
RECIPIENT’S REMEDIES FAIL OF THEIR ESSENTIAL PURPOSE. If applicable law limits the
applicability of
this Section 12, then the liability shall be limited to the maximum extent possible.
THE TOTAL LIABILITY OF AVRONIM UNDER THIS AGREEMENT SHALL NOT EXCEED THE TOTAL
AMOUNT
OF PAYMENTS MADE UNDER THIS AGREEMENT DURING THE THREE (3) MONTHS IMMEDIATELY
PRECEDING ANY CLAIM UNDER WHICH SUCH LIABILITY SHALL ARISE.
-
GENERAL
- Relationship of Parties. The Parties are independent contractors and will
so represent
themselves in all regards. Neither Party is the agent of the other and
neither may bind the
other in any way.
- Assignment. Neither this Agreement nor any interest herein may be assigned
by either
Party without the prior written consent of the other Party, which consent
shall not be
unreasonably withheld. Notwithstanding the foregoing, either Party may
assign any of its rights
and obligations under this Agreement without the consent of the other in the
event of a
merger, consolidation, change of control or sale of all or substantially all
of the Party’s assets.
Any unauthorized assignment or transfer shall be null and void. This
Agreement shall be
binding upon and insure to the benefit of each of the parties and their
respective successors
and permitted assigns.
- Entire Agreement. This Agreement sets forth the entire agreement of the
Parties and
supersedes all prior or contemporaneous writings, negotiations, and
discussions with respect
to the subject matter hereof. Neither Party has relied upon any such prior
or contemporaneous
communications.
- Amendments. No modification or other amendment to this Agreement shall be
valid
unless reduced to writing and signed by authorized representatives of both
parties.
- Severability. In the event that a provision of this Agreement is held to be
invalid or
otherwise unenforceable, such provision will be interpreted to fulfill its
intended purpose to
the maximum extent permitted by applicable law, and the remaining provisions
of this
Agreement will continue in full force and effect.
- No Waiver. No waiver, forbearance, indulgence or consent by either Party to
deviate
from the provisions of this Agreement shall operate as a waiver of any
subsequent right and no
analogy shall be made from any such waiver, forbearance, indulgence or
consent to any
subsequent event.
- Notices. All Notices pursuant to this Agreement will be sent to the
contacts specified in
each applicable IO, or to such others as either Party may provide in
writing.
- Conflict in Terms. In the event of any conflict or inconsistency between
these terms and
conditions and any IO, the terms of the IO shall prevail.
- Force Majeure. Neither Party shall be liable for any delay or failure in
performance due
to events outside the defaulting Party's reasonable control, including,
without limitation, acts
of God, disasters, terrorism, fire, or other circumstances beyond its
reasonable control. The
obligations and rights of the defaulting Party shall be extended for a
period equal to the period
during which such event prevented such Party's performance
- Jurisdiction and Governing Law. This Agreement will be interpreted,
construed and
enforced in all respects in accordance with the laws of the State of Israel,
without regard to
conflict of laws or to the actual state or country of incorporation or
residence of the parties.
The parties irrevocably consent to the exclusive jurisdiction of the courts
of Tel Aviv-Jaffa in
connection with any action arising under this Agreement.
INSERTION ORDER #__
TERMS AND CONDITIONS MEDIA BUYING AGREEMENT
These standard Terms and Conditions together with the Insertion Order (“IO”)
(collectively, the “Agreement”), executed by and between Avronim Media Kft. (“Avronim”)
and the entity or person detailed in the applicable IO (the “Company”) (together with
Avronim, the “Parties”, and each party separately shall be referenced herein as a
"party").
Whereas, Avronim possesses specialized knowledge, skills and experience in the field of
online advertising and
campaign management; and
Whereas, Company wishes to retain Avronim’s service to
promote Company’s products and services through online advertising ;
Therefore, in consideration of the mutual covenants and undertakings hereinafter set
forth, the Parties agree as follows:
-
DEFINITIONS
- “Advertising Material” means all text, images, sound, video, other content,
and URLs used by Company for advertising purposes, including any
Intellectual Property incorporated therein.
- “Confidential Information” means any information of the disclosing Party
whether or not in tangible form, of a private, secret, proprietary or
confidential nature, or treated by the disclosing Party as such (including
by marking such information as confidential or by informing the receiving
Party in writing of such disclosure of Confidential Information), including
but not limited to: (1) any deliverables provided by a Party under this
Agreement; (2) any reports or invoices delivered by a Party under this
Agreement; (3) information relating to a Party’s business or financial
affairs; (4) marketing strategies of a Party; (4) lists of customers,
suppliers and service providers of a Party; or (5) any information of any
Third Party as to which the disclosing Party owes a duty of confidentiality.
Confidential information shall not include any information that the
nondisclosing Party can verify with substantial proof: (1) is generally
available or known to the public through no wrongful act of the
non-disclosing Party; (2) was independently developed by the non-disclosing
Party; or (3) was disclosed to the non-disclosing Party by a Third Party
under no obligation of confidentiality to such Party.
- “End Users” means any Third Party who is an individual person.
- “Intellectual Property” means trade names, logos, trademarks, service
marks, trade dress, internet domain names, copyrights, patents, trade
secrets, knowhow and proprietary technology, either registered or
unregistered which is currently owned by a Party or which may be developed
and/or owned by it in the future.
- "Product(s)" means the platform, products, services, documentation, and
related components offered by a Party.
- “Guidelines” shall mean the most current version of Avronim’s industry
standard guidelines or policies as specified in an IO, which may be updated
by Avronim from time to time.
- “Third Party” means an individual or entity that is not a party to this
Agreement.
- SERVICES
- During the term of this Agreement Avronim agrees to: (1) use its knowledge,
skills and experience to purchase online media and to utilize media
placement and other methods of online advertising to generate Internet
traffic to promote Company’s Products (the “Campaign”); and (2) manage the
online advertising campaign associated with the Campaign (collectively, the
“Avronim Services”).
- As part of the Avronim Services, Avronim will direct End Users to
designated landing pages owned, operated, or hosted by Company from which
End Users will be able to use Company’s products and/or services (the
"Products").
- The Campaign underlying any respective IO may include Avronim’s purchase of
online advertising for the purpose of displaying Advertising Materials
provided by Company. The Advertising Materials shall be provided according
to the terms set forth in the Agreement.
- Avronim shall be entitled to modify, change, alter or edit any of the
Advertising Material as required for marketing or distribution purposes,
upon Company’s written approval which shall not be unreasonably withheld.
- Avronim reserves the right to reject, suspend or cancel any campaign for
any reason, including but not limitation if Company’s Advertising Materials,
Products, or landing pages do not comply with any of this Agreement's
provisions and/or applicable law.
- Company understands that, as a result of Avronim’s performance of the
Avronim Services, Company’s Advertising Materials may appear on various
site(s) and in various forms selected by Avronim in its sole discretion but
not without obtaining the written approval of the Company. The breadth and
type of media selected by Avronim during the term may change at any time
whilst adhering to the Company’s guidelines, and Avronim cannot guarantee
that Company’s Advertising Materials will appear in any particular type of
placement, or position, or that it will be displayed in any particular
context. Company understands and agrees that Avronim shall have sole
discretion over the placement of media and management of the campaign during
the term.
- LICENSE GRANT AND CONDITIONS
- Company grants to Avronim during the term of this Agreement a worldwide,
royalty free, non-exclusive license to use, reproduce and distribute
derivative works of the Company’s Advertising Materials as required to
fulfill Avronim’s obligations under this Agreement. Notwithstanding the
above and/or anything to the contrary in this Agreement, the Company may
restrict the campaigns to certain geo locations or revise the aforementioned
grant of license, within the commercial scope of an applicable IO and/or
upon the parties’ mutual written consent.
- Except as expressly provided in this Agreement, Company will be responsible
for the Company's Advertising Material, including its content and design,
and shall ensure that the Company's Advertising Material and any other
materials provided to Avronim comply with all applicable laws, which apply
to the Company and/or to its products or services, and/or to any users or
potential users of its services and/or products.
- Except as expressly provided in this Agreement, Company will be responsible
for any landing pages associated with the campaign and shall ensure that the
landing pages comply with the applicable law.
- PAYMENT AND REPORTING
- In consideration for Avronim’s performance of the Avronim Services, Company
shall pay to Avronim as stipulated in the applicable IO (the “Avronim Fee”).
- Avronim’s Fee shall be calculated solely based on the information which is
shall be tracked and maintained by Avronim.
- Company will pay to Avronim the Avronim Fee promptly upon the issuance of
the applicable invoice.
- The Avronim Fees exclude any and all sales, use, value added, excise or
similar tax (and any related duties, tariffs and similar charges) that may
be due under this Agreement. Company will be responsible for paying all such
taxes and charges, which shall be added to the Avronim Fees.
- It is hereby clarified that in case this Agreement and/or any applicable
campaign and/or IO was terminated or expired, then the Company will then
have to complete any payment against all sums generated by Avronim's
performance of this Agreement until such termination or expiration date, as
applicable. Without prejustice to the aforementioned, it is hereby clarified
that the Company shall only for services that Avronim had already provided
up to the time of terimation/expiry date. The Company may not, under any
circumstance, deduct, set-off or withhold any sums due to Avronim if any.
- In the event that Company disputes the calculation made by Avronim, it
shall notify Avronim in writing and indicate the reasons for the dispute.
The Parties thereafter shall work together in good faith to resolve the
dispute and to come to a common ground and mutually acceptable calculation.
- All payments under this Agreement will be made in such currency as
indicated in the applicable IO.
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TERM AND TERMINATION
- This Agreement shall commence on the Effective Date and shall continue
terminated as set forth herein.
- Any IO entered into by the Parties shall terminate on the termination date
specified in the IO unless earlier terminated by the Parties as set forth in
this Section. For clarification, all portions of this Section relating to
termination of the Agreement shall equally apply to the termination of an
IO, unless specified otherwise in such IO.
- Either Party may terminate this Agreement without liability, for any reason
or no reason upon seven (7) days written notice.
- Notwithstanding the foregoing, Avronim may immediately terminate this
Agreement if: (a) Company’s Advertising Materials, Products, or landing
pages do not comply with any applicable law; (b) if Company engages in any
action or activity that, in Avronim’s sole discretion, reflects poorly on
Avronim or devalues Avronim’s reputation or goodwill; (c) Company fails to
pay any amounts owing under this Agreement when due. Avronim shall not be
liable to Company or any Third Party for the termination of this Agreement;
or (d) the
Company breaches any of its representations and warranties as stipulated in
Section 6.2 to this Agreement.
- Upon termination of this Agreement: Avronim shall cease rendering the
Avronim Services to Company, all licenses granted hereunder will terminate,
and each Party will promptly return to the other any Confidential
Information or copies thereof received from the other.
- Termination or expiration shall not affect the Company’s obligation to pay
any Avronim Fees accrued prior to termination or thereafter, which shall
remain owing pursuant to Section 4 of this Agreement.
- All provisions of the Agreement relating to data ownership or intellectual
property, confidentiality, indemnification, disclaimers of warranties,
limitations of liability and General terms will survive termination of this
Agreement.
- Sections 4, 5.8, 7, 8, 9, 10, 11, 12 and 13 shall survive the expiration or
termination of this Agreement.
-
REPRESENTATIONS AND WARRANTIES
-
General Representations. Each Party hereby represents and warrants that: (a)
it has the full corporate right, power and authority to enter into this
Agreement and to perform the acts required hereunder; (b) it owns or has the
legal right to distribute any Advertising Material and to grant any
Intellectual Property licenses granted hereunder; (c) the execution of this
Agreement by each Party and the performance of its obligations and duties
hereunder does not and will not violate any law, statute or regulation, or
any agreement to which it is a party or by which it is otherwise bound; and
(d) when executed and delivered, the Agreement will constitute the legal,
valid and binding obligation of each Party, enforceable against each Party
in accordance with its terms.
- By Company. Company hereby represents and warrants that:
- (a) there are no legal, commercial, contractual or other
restrictions which preclude or might preclude the Company from
performing its obligations pursuant to this Agreement, and that
Company’s Advertising Materials, Products and other materials do not
violate any applicable laws, statutes, or Third Party rights,
including rights of privacy and intellectual property rights;
- Company shall not engage in any action or activity that reflects
poorly on the Avronim or otherwise disparages or devalues Avronim’s
reputation or good will, and its performance under this Agreement
does not violate any applicable laws, statutes or Third Party
rights, including rights of privacy and intellectual property
rights;
- Company owns or holds the legal rights to use and distribute all
Advertising Material, and that such use or distribution will not
infringe any intellectual property or other priority rights of any
Third Party or otherwise violate any applicable laws;
- The distribution of the Advertising Materials is not legally
prohibited according to the applicable law in each territory agreed
by the Parties (as stipulated in the IO).
- If Company becomes aware of any legal restriction regarding the
distribution of any Advertising Materials in any of the agreed
territories it will immediately notify Avronim and Avronim will
immediately cease such distribution;
- It acknowledges that, without limiting any other terms of this
Agreement or other remedies available to Avronim, in the event
Company or any other Third Party engages in any fraudulent activity,
Avronim will have the sole and exclusive right to terminate the
applicable campaign or take any other applicable measures at its
sole discretion.
- Without derogating from the generality of the above, Company will
not, directly or through a Third Party, engage in any other harmful
or deleterious programming routines or otherwise interfere with the
function or performance of Avronim's Advertising Modules;
- Company shall make no representations, warranties or agreements on
behalf of Avronim;
- Any special offers, promotions, incentives or commitments contained
in any Advertising Material or otherwise made by Company or are the
sole responsibility of Company and not Avronim. Company is solely
responsible for the accuracy, quality, integrity, reliability and
legality of all Advertising Material, including, but not limited to,
any associated terms, conditions, representations or warranties (as
applicable); and
- Company's Products are as claimed to be in any offer displayed to
End Users, and that Avronim will not be responsible for any
discrepancy thereof;
-
Company's Obligations
- Company hereby agrees to use the Avronim Services and all related software
and documentation, as well as process all personal data, in compliance with
all applicable laws and regulations, including but not limited to applicable
data security and privacy laws, which apply to the Company and/or to its
products or services, and/or to any users or potential users of its services
and/or products.
- Company represents and warrants that no third party agreement prevents it
from using the Avronim Services as contemplated hereunder.
- Company shall not, directly or indirectly: (i) attempt to infiltrate, hack,
reverse engineer, decompile, or disassemble the Avronim Services or any part
thereof for any purpose; (ii) interfere with, modify, disrupt or disable
features or functionality of the Avronim Services; (iii) represent that it
possesses any proprietary interest in the Avronim Services, documentation or
any part or derivative thereof; (iv) take any action to contest Avronim's
intellectual property rights or infringe them in any way; (v) remove or use
the name, trademarks, trade-names, logos and other proprietary notices of
Avronim contained on or in the Avronim Services or documentation (except as
specifically authorized by Avronim in writing); (vi) copy any part or
content of the Avronim Services or of the documentation other than for
Company’s own internal business purposes (except as specifically permitted
herein); (vii) use the Avronim Services or any part thereof to build a
competitive product or service or provide any service or product which is
not in accordance with the laws applicable to it; (viii) sell, rent, lease,
sublicense, distribute, redistribute, syndicate, create derivative works of,
assign or otherwise transfer or provide access to, in whole or in part, the
Avronim Services or any Avronim Services data to any third person (except as
specifically permitted herein); (ix) permit other individuals or entities to
create links to the Avronim Services, or “frame” or “mirror” the Avronim
Services on any other server, or wireless or Internet-based device, or
otherwise make available to a third party any token, key, password, or other
login credentials to the Avronim Services or any users or potential users
referred through the Avronim Services; (x) transmit software viruses or any
other computer code, files, or programs designed to interrupt, destroy, or
limit the functionality of any computer software or hardware or
telecommunications equipment into the Avronim Services or Avronim’s network
environment or any
users or potential users referred through the Avronim Services; (xi)
misrepresent the source or ownership of Avronim Services data; (xii) use the
Avronim Services or Avronim Services data in any manner or for any purpose
that violates any applicable law or regulation or any rights of any person.
Company shall provide commercially reasonable assistance to Avronim to
prevent the occurrence of any such activities by any third parties and any
approvals thereof reasonably required by Avronim.
- Company shall abide by all Anti Money Laundering (AML) and Know Your
Clients (KYC) requirements and legislation, and shall provide Avronim with
all reasonably required KYC and AML materials requested by Avronim.
-
PROPRIETARY RIGHTS
- Each Party retains all right, title, and interest in and to its
Intellectual Property rights and nothing contained in this Agreement will
grant either Party any right, title or interest in the trademarks, trade
names, service marks, copyrights or other Intellectual Property rights of
the other Party other than the limited license grants provided herein.
-
Without derogating from the generality of the foregoing, Avronim retains all
ownership and Intellectual Property rights in any deliverables, software,
reports, documentation and other materials furnished in connection with its
performance under this Agreement.
- CONFIDENTIALITY
- During the Term of this Agreement and thereafter, each Party agrees: (a)
not to disclose a disclosing Party’s Confidential Information to any Third
Parties other than to its shareholders, directors, officers, partners
employees, advisors or consultants (collectively, the "Representatives") on
a “need to know” basis only and provided that such Representatives are bound
by written agreement to comply with the confidentiality obligations
contained herein; (b) not to use any of the disclosing Party’s Confidential
Information for any purposes except to carry out its rights and
responsibilities under this Agreement; and (c) to keep the disclosing
Party’s Confidential Information confidential using at least the same degree
of care it uses to protect its own confidential information, which shall in
any event not be less than a reasonable degree of care.
- The parties agree that the content and existence of this Agreement and the
nature of the relationship between the parties shall not be disclosed to a
Third Party without the mutual written consent of both parties prior to such
disclosure.
- This Confidentiality section shall survive any termination or expiration of
this Agreement.
-
INDEMNIFICATION
- Indemnification by Avronim. Avronim shall indemnify and hold the Company
harmless from and against any loss, cost, or expense (including reasonable
attorneys’ fees) related to any act or omission in connection with the
performance or nonperformance of Avronim’s duties under the terms of this
Agreement. The Company shall reasonably cooperate with Avronim in its
defense against any of the foregoing claims.
- Indemnification by the Company. The Company shall indemnify and hold
Avronim harmless from and against any loss, cost, or expense (including
reasonable attorneys’ fees) related to any act or omission in connection
with the performance or nonperformance of the Company’s duties under the
terms of this Agreement. Avronim shall reasonably cooperate with the Company
in its defense against any of the foregoing claims.
- Each Party will fully cooperate with the other Party in the defense and
settlement of any Third Party claim that may arise against a Party in
connection to this Agreement.
-
WARRANTY DISCLAIMERS
ALL AVRONIM SERVICES AND ANY RELATED MATERIALS ARE PROVIDED BY AVRONIM ON AN “AS-IS”
AND “AS AVAILABLE” BASIS, AND AVRONIM SPECIFICALLY DISCLAIMS ALL WARRANTIES, EXPRESS
OR IMPLIED, INCLUDING WITHOUT LIMITATION ANY IMPLIED WARRANTY OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE, NONINFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS,
AND ANY IMPLIED WARRANTIES ARISING FROM COURSE OF DEALING OR COURSE OF PERFORMANCE.
WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, AVRONIM SPECIFICALLY DISCLAIMS ALL
WARRANTIES REGARDING ANY BENEFIT COMPANY MAY OBTAIN FROM THIS AGREEMENT, INCLUDING
THE VOLUME OF TRAFFIC GENERATED UNDER THIS AGREEMENT, THE PERFORMANCE OF ANY
CAMPAIGN, PERFORMANCE OF ANY ADVERTISEMENT OR MEDIA PLACED BY AVRONIM, OR THE
QUALITY OF ANY TRAFFIC OR LEADS GENERATED BY AVRONIM.
-
LIMITATION OF LIABILITY
NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR ANY CONSEQUENTIAL, INDIRECT,
SPECIAL, INCIDENTAL, EXEMPLARY OR PUNITIVE DAMAGES ARISING OUT OF OR RELATED TO THIS
AGREEMENT, INCLUDING BUT NOT LIMITED TO DAMAGES FOR LOST DATA, LOST PROFITS, LOSS OF
GOODWILL, LOST REVENUE, SERVICE INTERRUPTION, COMPUTER DAMAGE OR SYSTEM FAILURE OR
COSTS OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES, ARISING OUT OF OR IN
CONNECTION WITH THIS AGREEMENT. THE LIABILITIES LIMITED BY THIS SECTION 12 APPLY:
(I) TO LIABILITY FOR NEGLIGENCE; (II) REGARDLESS OF THE FORM OF ACTION, WHETHER IN
CONTRACT, TORT, CIVIL, CRIMINAL, OR OTHERWISE; (III) EVEN IF A PARTY IS ADVISED IN
ADVANCE OF THE POSSIBILITY OF THE DAMAGES IN QUESTION AND EVEN IF SUCH DAMAGES WERE
FORESEEABLE; AND (IV) EVEN IF RECIPIENT’S REMEDIES FAIL OF THEIR ESSENTIAL PURPOSE.
If applicable law limits the applicability of this Section 12, then the liability
shall be limited to the maximum extent possible.
WITH THE EXCEPTION OF CLAIMS ARISING OUT OF SECTION 9 (CONFIDENTIALITY) OF THIS
AGREEMENT, THE TOTAL LIABILITY OF AVRONIM UNDER THIS AGREEMENT SHALL NOT EXCEED THE
TOTAL AMOUNT OF PAYMENTS MADE UNDER THIS AGREEMENT DURING THE THREE (3) MONTHS
IMMEDIATELY PRECEDING ANY CLAIM UNDER WHICH SUCH LIABILITY SHALL ARISE.
-
GENERAL
- Relationship of Parties. The Parties are independent contractors and will
so represent themselves in all regards. Neither Party is the agent of the
other and neither may bind the other in any way.
- Assignment. Neither this Agreement nor any interest herein may be assigned
by either Party without the prior written consent of the other Party, which
consent shall not be unreasonably withheld. Notwithstanding the foregoing,
either Party may assign any of its rights and obligations under this
Agreement without the consent of the other in the event of a merger,
consolidation, change of control or sale of all or substantially all of the
Party’s assets. Any unauthorized assignment or transfer shall be null and
void. This Agreement shall be binding upon and insure to the benefit of each
of the parties and their respective successors and permitted assigns.
- Entire Agreement. This Agreement sets forth the entire agreement of the
Parties and supersedes all prior or contemporaneous writings, negotiations,
and discussions with respect to the subject matter hereof. Neither Party has
relied upon any such prior or contemporaneous communications.
- Amendments. No modification or other amendment to this Agreement shall be
valid unless reduced to writing and signed by authorized representatives of
both parties.
- Severability. In the event that a provision of this Agreement is held to be
invalid or otherwise unenforceable, such provision will be interpreted to
fulfill its intended purpose to the maximum extent permitted by applicable
law, and the remaining provisions of this Agreement will continue in full
force and effect.
- No Waiver. No waiver, forbearance, indulgence or consent by either Party to
deviate from the provisions of this Agreement shall operate as a waiver of
any subsequent right and no analogy shall be made from any such waiver,
forbearance, indulgence or consent to any subsequent event.
- Notices. All Notices pursuant to this Agreement will be sent to the
contacts specified in each applicable IO, or to such others as either Party
may provide in writing.
- Conflict in Terms. In the event of any conflict or inconsistency between
these terms and conditions and any IO, the terms of the IO shall prevail.
- Force Majeure. Neither Party shall be liable for any delay or failure in
performance due to events outside the defaulting Party's reasonable control,
including, without limitation, acts of God, disasters, terrorism, fire, or
other circumstances beyond its reasonable control. The obligations and
rights of the defaulting Party shall be extended for a period equal to the
period during which such event prevented such Party's performance
- Jurisdiction and Governing Law. This Agreement will be interpreted,
construed and enforced in all respects in accordance with the laws of the
State of Hungary, without regard to conflict of laws or to the actual state
or country of incorporation or residence of the parties. The parties
irrevocably consent to the exclusive jurisdiction of the courts of Budapest
in connection with any action arising under this Agreement.