Vested Business Brokers Referral Program
Terms and Conditions
The following terms and conditions (“terms”) govern your participation in the Vested Business Brokers Referral Program, referred herein as the “referral program”.
1) Any person who submits required information referring a Business Seller or Buyer to Vested Business Brokers, LTD. shall be eligible to participate in the Referral Program (referred to herein as “participants”). Each participant represents and warrantsthat:
- a. They are legal residents of the United States and are eighteen (18) years of age or older at the time of submitting a referral.
- b. The referral is personally known to participant.
- c. The contact information that the participant provides regarding a referral is the true contact information for such referral.
2) A “Qualifying Referral” is defined as(i)a participant successfully submitting,via the Vested Business Brokers, LTD. website (Vestedbb.com) contact information for a business seller or buyer known to participant (including company name, name of owner or principal of company, company phone number, and company email address; or buyer name, phone number, address and email address). A referral, which is not a “duplicate listing” or “duplicate registered buyer” as defined below; and (ii) where the referral subsequently list’s their business or registers with Vested Business Brokers, LTD. as a buyer would be considered a referral, Vested Business Brokers. LTD. reserves the right, in its sole discretion to approve or deny a referral for listing or registering with Vested Business Brokers, LTD. A duplicate referral is defined as a listing or registered buyer that is currently or formerly a listing of Vested Business Brokers. In the event that two or more referrers refer a potential seller or buyer, Vested Business Brokers, LTD. will accept the first referral.
3) For each qualifying referral, the participant may be eligible to receive certain compensation. Compensation under the Terms and Conditions to Qualified Referral is twelve percent (12%) of the total commission earned and collected by Vested Business Brokers.
4) Referrals with incomplete information will not be eligible to participate in the Vested Business Brokers Referral Program.
5) Compensation will be issued with in ten (10) days of the date that the Qualifying Listing Closes and the payment of commission clears Vested Business Brokers, LTD. bank account.
6) All referral contact information and e-mail addresses become the property of Vested Business Brokers,LTD. and Vested Business Brokers,LTD. reserves the right to market such referrals.
7) Vested Business Brokers reserves the right, in its sole discretion to modify this program at any time by posting a revised version of those terms. In addition, Vested Business Brokers may cancel, or suspend this program in its sole discretion at any time, without notice.
8) Vested Business Brokers,LTD. makes no representations or warranties regarding the seller listing referral program other than as specifically set forth in these terms and conditions. Without limiting the forgoing, Vested Business Brokers,LTD. makes no representation or warranties that referrals will be come qualifying referrals.
Vested Business Brokers, LTD. Reserves the right, in its sole discretion to exclude or remove any participant or seller listing from program.
Vested Business Brokers, LTD. Reserves the right to modify or supplement the terms of the referral program at any time, including, without limitations. The procedure and eligibility requirements set forth herein, provided that referrer will be notified in writing of any such modifications. Referrals received and acknowledged by Vested Business Brokers, LTD. prior to such modifications will be held to the terms pursuant to the referral program terms enforced at the time the referral was received. If any modification of this agreement is unacceptable to you, your only recourse is to terminate this agreement. Your continued participations in the referral program following such a change will be constituted binding acceptance of the change. Any action or dispute between the Referral Participant and Vested Business Brokers, including issues of arbitrability, shall, at the option of either party, be determined by arbitration administered by the Arbitration Services Inc, under its Commercial Arbitration Rules, www.arbitr8ors.com.
Void where prohibited or restricted by law, statute, regulation or other appropriate authority. Program is open to legal residents of the United States who are eighteen (18) years or older at the time of referral submission, proof of age, eligibility and identity must be furnished with a W9 form filed out for payment.
Payment of all applicable Federal, State and local taxes resulting for compensation is the sole responsibility of the participant and will be 1099 from Vested Business Brokers, LTD.
The terms of this agreement have been accepted by you and signed electronically on the referral program registration page of the Service – see our website www.vestedbb.com. By using and participating in our referral program, you have agreed to the terms of use of the Service and the terms and conditions of this agreement.