Effective Date: 1st July 1, 2024
Introduction
Welcome to the Gruvest Referral Program (“Connect&Earn”). This Agreement outlines the terms under which you, the “Referrer,” may recommend potential investors (“Investors”) to Gruvest (“Company”) and earn referral commissions. By participating, you agree to be bound by these terms.
Eligibility
- Referrer: To participate, you must be at least 18 years old and a legal resident of a jurisdiction where the Program is allowed. Gruvest reserves the right to determine eligibility at its sole discretion.
- Investor: Investors must meet Gruvest’s criteria for participation in investment opportunities. Eligibility is determined by Gruvest.
Referral Process
- Introduction: Introduce potential Investors to Gruvest through the designated referral process on our platform.
- Registration: Investors must register using your unique referral link or code.
- Tracking: Gruvest will track each referred Investor’s activity to confirm eligible investments for referral commissions.
Commission Structure
- You will earn commissions as follows, based on the commissions Gruvest receives from developers for eligible investments:
- Tier 1 (Direct Referrals): 25%
- Tier 2 (Referrals by Your Direct Referrals): 15%
- Tier 3 (Referrals by Your Second-Tier Referrals): 10%
Payment Terms
- Timing: Commissions are paid within 30 days following the end of the month in which Gruvest receives payment from the developer for an eligible investment.
- Method: Payments are made via [bank transfer, PayPal, etc.] based on preferences indicated in your Referrer account.
- Taxes: You are responsible for any taxes applicable to referral commissions.
Referrer Responsibilities
- Compliance: Comply with all applicable laws, regulations, and ethical standards.
- Disclosure: Disclose your role as a Gruvest Referrer and the potential compensation you may receive.
- Accuracy: Ensure all claims about Gruvest and its investment opportunities are truthful and substantiated.
- Marketing: Adhere to Gruvest’s marketing guidelines.
Conflicts of Interest
- Disclose any pre-existing relationships with potential Investors to avoid conflicts of interest.
Amendments and Termination
- Amendments: Gruvest reserves the right to modify this Agreement at any time. Changes will be effective upon posting on our website or via email notification.
- Termination: Either party may terminate this Agreement with written notice. Upon termination, any accrued, unpaid commissions will be paid.
Governing Law & Dispute Resolution
- Governing Law: This Agreement is governed by the laws of Hungary.
- Dispute Resolution: Disputes will be resolved first through negotiation, and if necessary, through [mediation, binding arbitration].
Contact Information
For questions about the Gruvest Referral Program, please contact us:
- Email: support@gruvest.com
- Phone: +36 70 674 8005
- Address: 1134 Budapest, Váci út 47/B. Ü-1.
Acknowledgement
By registering for the Gruvest Referral Program, you acknowledge that you have read, understood, and agree to be bound by the terms of this Referral Agreement.
