Referral Program Participation Agreement
1. General ProvisionsThis Agreement constitutes an offer by the Service for the Referrer to participate in the Service’s referral program.
The Service and the Referrer are each hereinafter referred to individually as a 'Party' and collectively as the 'Parties', as appropriate by context.
2. Procedure for Concluding the Agreement
2.1. This Agreement shall be considered concluded upon the Referrer’s full and unconditional acceptance of all its terms, without the need for the Parties to sign a written version.
2.2. This Agreement has full legal force and is equivalent to a written agreement signed by the Parties.
2.3. The Referrer confirms their familiarity with and acceptance of all terms and conditions of the Agreement in full by accepting it.
2.4. Any of the following actions shall constitute acceptance of this Agreement:
- A written (including electronic) notice from the Referrer confirming agreement with the terms of this Agreement and the Order, sent to the Service’s email address;
- Sending a scanned copy of the Order signed by the Referrer to the Service’s email address.
2.5. The Service’s email address for communications under this Agreement: partners@valut.net
2.6. By concluding this Agreement, the Referrer automatically agrees to all its provisions, the agreed remuneration, and any appendices, which are integral parts of the Agreement (if any).
2.7. The Service reserves the right to amend this Agreement at any time at its sole discretion. The Referrer must periodically review the Agreement, the current version of which is always available at: https://valut.net/en. If the Referrer does not accept the updated terms, they must immediately cease interaction with the Service under this Agreement.
2.8. If the Referrer does not agree with the terms of the Agreement, they are not entitled to enter into it.
3. Terms and Definitions3.1. Valut.net Service (the “Service”) — the solution available at https://valut.net/ that provides Users with access to Digital Tools and related services.
3.2. Digital Tool — a tool that enables Users to manage their funds electronically within the Service ecosystem. It is integrated with the Personal Account for ease of use.
3.3. Personal Account — the secure section of the Service available to a User after authentication, providing access to manage Digital Tools and other Service features.
3.4. Reporting Period — a calendar month beginning at 00:00:00 on the first calendar day and ending at 23:59:59 on the last calendar day of the month (UTC+3 time zone), during which all balance top-up transactions made by Referred Users are recorded for the purpose of calculating the Referrer’s remuneration.
3.5. Referrer — a person participating in the referral program to attract new Users and receiving remuneration from the Service for doing so.
3.6. Referred Users — new Users who register with the Service as a result of the Referrer’s efforts.
4. Conditions of Participation in the Program4.1. To participate in the referral program, the prospective Referrer must provide their email address, all information and documents requested by the Service (including payment details for receiving remuneration1), and accept this Agreement.
4.2. Individual commercial cooperation terms shall be sent to the Referrer’s email. These terms may be revised by the Parties depending on achieved targets or by the Service unilaterally.
4.3. Referrers are strictly required to use only those User acquisition methods and traffic sources that are listed as permitted in the Annex to this Agreement. The use of any prohibited methods or sources specified in the Annex is strictly forbidden. The Service reserves the right to monitor the methods and sources used by Referrers.
4.4. The process for acquiring new Users is as follows: The Referrer must submit the email address that the User plans to use for registration. A User is considered referred upon registration using the email address previously provided by the Referrer.
5. Referrer Remuneration5.1. Remuneration Calculation
5.1.1. The Referrer’s remuneration is calculated at the end of each Reporting Period. It is based on all top-up transactions2 made by Referred Users during that period, attributable to the Referrer’s efforts.
5.1.2. The Service’s calculation is final and binding and may not be disputed by the Referrer.
5.1.3. Remuneration is credited monthly during the month following the Reporting Period.
5.2. Remuneration Payment
5.2.1. Remuneration is transferred to the Referrer based on the payment details provided by them.
5.2.2. At the time of payment, the Service may request identification documents and may suspend payment until such documents are provided.
5.3. Tax Reporting
5.3.1. The Referrer is solely responsible for managing their tax obligations, including timely declaration and payment of applicable taxes in accordance with the laws of their country of residence.
5.3.2. The Service is not responsible for the Referrer’s tax obligations.
6. Termination
6.1. The Service reserves the right to unilaterally terminate the Referrer’s participation in the program in the following cases:
- Use of prohibited user acquisition methods or traffic sources;
- Falsification of data regarding Referred Users;
- Violation of applicable law during user acquisition or other activities related to the program;
- Breach of security or confidentiality procedures resulting in potential data leakage;
- Failure to provide tax documentation in a timely manner if such failure could impact the operation of the Service;
- Fraud, deception, or attempts to manipulate the system;
- Use of bots or automated systems to generate fake registrations;
- Mass complaints from Referred Users regarding the Referrer’s actions;
- Unauthorized use of the Service’s brand or intellectual property;
- Use of spam messaging or intrusive advertising that may negatively affect the Service’s reputation;
- Aggressive user acquisition tactics, false promises or misleading offers made on behalf of the Service;
- Creation of fake accounts in the Service for the purpose of receiving rewards;
- Sharing of personal data without the User’s consent.
6.2. The Service also reserves the right to terminate this program and the Agreement unilaterally in the event of significant changes in market conditions, its business model, or for any other business reason. Referrers will be notified in advance.
6.3. The Referrer may unilaterally withdraw from the Agreement by notifying the Service via email.
6.4. As of the date of termination, remuneration accrual to the Referrer ceases.
6.5. Final settlements between the Parties for any remuneration accrued up to the termination date shall be completed within thirty (30) days from the date of termination.
7. Amendments to the Terms
7.1. The Service reserves the right to amend the terms of this Agreement unilaterally at any time.
7.2. Such amendments may affect various aspects of the program, including but not limited to remuneration amounts, eligibility criteria, and operational procedures.
7.3. All amendments shall be communicated to the Referrer via email, enabling them to familiarize themselves with and adjust to the new terms.
7.4. If the Referrer disagrees with the amended terms, they may cease participation in the program by notifying the Service accordingly.
8. Personal Data Protection8.1. All personal data received from Referrers and Referred Users shall be processed in accordance with the Service’s privacy policy.
8.2. The Referrer undertakes to ensure that any provision of personal data of Referred Users to the Service (prior to the User’s registration) is made only with the Users’ prior consent.
8.3. The Referrer must inform Users about the purposes of processing their data and obtain their consent for the transfer of such data to the Service.
9. Miscellaneous
9.1. Relationship of the Parties
The relationship between the Parties is that of independent contractors. Nothing in this Agreement shall be construed to create an agency, partnership, joint venture, or any other form of joint activity between the Parties.
9.2. Notices
Notices shall be deemed received on the date they are sent to the Party’s email address.
9.3. Interpretation
The headings used in this Agreement are for convenience only and shall not affect the interpretation of any provision herein.
9.4. Entire Agreement
This Agreement constitutes the entire agreement between the Parties regarding its subject matter and supersedes and merges all prior proposals, understandings, agreements, and warranties, whether written or oral.
9.5. Assignment
The Referrer may not assign or otherwise transfer any of their rights or delegate their obligations under this Agreement, whether voluntarily, involuntarily, by operation of law, or otherwise, without the prior written consent of the Service. No delegation or transfer shall relieve the Referrer of their obligations under this Agreement.
The Service may assign any or all of its rights and obligations under this Agreement without the Referrer’s prior consent.
9.6. Severability
If any provision of this Agreement is held to be invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other provision, nor render the entire Agreement invalid or unenforceable in any other jurisdiction. In such case, the Parties shall negotiate in good faith to modify the Agreement to reflect as closely as possible the original intent of the Parties in an enforceable manner.
Annex 1
Permitted User Acquisition Methods and Traffic Sources:
- Websites, Doorways, Contextual advertising, Teaser advertising, Banner advertising, Targeted advertising, Adult traffic, Push notifications, Facebook, Native advertising, SEO, Public pages, Games, Applications, Instagram, TikTok.
Prohibited User Acquisition Methods and Traffic Sources:
- Installs, ClickUnder, PopUnder, Email marketing (unless pre-approved), Cashback, Incentivized traffic, Spam via Viber, WhatsApp, Telegram, etc., Traffback, PWA (Progressive Web Apps), Classifieds platforms.
The Service and the Referrer are each hereinafter referred to individually as a 'Party' and collectively as the 'Parties', as appropriate by context.
2. Procedure for Concluding the Agreement
2.1. This Agreement shall be considered concluded upon the Referrer’s full and unconditional acceptance of all its terms, without the need for the Parties to sign a written version.
2.2. This Agreement has full legal force and is equivalent to a written agreement signed by the Parties.
2.3. The Referrer confirms their familiarity with and acceptance of all terms and conditions of the Agreement in full by accepting it.
2.4. Any of the following actions shall constitute acceptance of this Agreement:
- A written (including electronic) notice from the Referrer confirming agreement with the terms of this Agreement and the Order, sent to the Service’s email address;
- Sending a scanned copy of the Order signed by the Referrer to the Service’s email address.
2.5. The Service’s email address for communications under this Agreement: partners@valut.net
2.6. By concluding this Agreement, the Referrer automatically agrees to all its provisions, the agreed remuneration, and any appendices, which are integral parts of the Agreement (if any).
2.7. The Service reserves the right to amend this Agreement at any time at its sole discretion. The Referrer must periodically review the Agreement, the current version of which is always available at: https://valut.net/en. If the Referrer does not accept the updated terms, they must immediately cease interaction with the Service under this Agreement.
2.8. If the Referrer does not agree with the terms of the Agreement, they are not entitled to enter into it.
3. Terms and Definitions3.1. Valut.net Service (the “Service”) — the solution available at https://valut.net/ that provides Users with access to Digital Tools and related services.
3.2. Digital Tool — a tool that enables Users to manage their funds electronically within the Service ecosystem. It is integrated with the Personal Account for ease of use.
3.3. Personal Account — the secure section of the Service available to a User after authentication, providing access to manage Digital Tools and other Service features.
3.4. Reporting Period — a calendar month beginning at 00:00:00 on the first calendar day and ending at 23:59:59 on the last calendar day of the month (UTC+3 time zone), during which all balance top-up transactions made by Referred Users are recorded for the purpose of calculating the Referrer’s remuneration.
3.5. Referrer — a person participating in the referral program to attract new Users and receiving remuneration from the Service for doing so.
3.6. Referred Users — new Users who register with the Service as a result of the Referrer’s efforts.
4. Conditions of Participation in the Program4.1. To participate in the referral program, the prospective Referrer must provide their email address, all information and documents requested by the Service (including payment details for receiving remuneration1), and accept this Agreement.
4.2. Individual commercial cooperation terms shall be sent to the Referrer’s email. These terms may be revised by the Parties depending on achieved targets or by the Service unilaterally.
4.3. Referrers are strictly required to use only those User acquisition methods and traffic sources that are listed as permitted in the Annex to this Agreement. The use of any prohibited methods or sources specified in the Annex is strictly forbidden. The Service reserves the right to monitor the methods and sources used by Referrers.
4.4. The process for acquiring new Users is as follows: The Referrer must submit the email address that the User plans to use for registration. A User is considered referred upon registration using the email address previously provided by the Referrer.
5. Referrer Remuneration5.1. Remuneration Calculation
5.1.1. The Referrer’s remuneration is calculated at the end of each Reporting Period. It is based on all top-up transactions2 made by Referred Users during that period, attributable to the Referrer’s efforts.
5.1.2. The Service’s calculation is final and binding and may not be disputed by the Referrer.
5.1.3. Remuneration is credited monthly during the month following the Reporting Period.
5.2. Remuneration Payment
5.2.1. Remuneration is transferred to the Referrer based on the payment details provided by them.
5.2.2. At the time of payment, the Service may request identification documents and may suspend payment until such documents are provided.
5.3. Tax Reporting
5.3.1. The Referrer is solely responsible for managing their tax obligations, including timely declaration and payment of applicable taxes in accordance with the laws of their country of residence.
5.3.2. The Service is not responsible for the Referrer’s tax obligations.
6. Termination
6.1. The Service reserves the right to unilaterally terminate the Referrer’s participation in the program in the following cases:
- Use of prohibited user acquisition methods or traffic sources;
- Falsification of data regarding Referred Users;
- Violation of applicable law during user acquisition or other activities related to the program;
- Breach of security or confidentiality procedures resulting in potential data leakage;
- Failure to provide tax documentation in a timely manner if such failure could impact the operation of the Service;
- Fraud, deception, or attempts to manipulate the system;
- Use of bots or automated systems to generate fake registrations;
- Mass complaints from Referred Users regarding the Referrer’s actions;
- Unauthorized use of the Service’s brand or intellectual property;
- Use of spam messaging or intrusive advertising that may negatively affect the Service’s reputation;
- Aggressive user acquisition tactics, false promises or misleading offers made on behalf of the Service;
- Creation of fake accounts in the Service for the purpose of receiving rewards;
- Sharing of personal data without the User’s consent.
6.2. The Service also reserves the right to terminate this program and the Agreement unilaterally in the event of significant changes in market conditions, its business model, or for any other business reason. Referrers will be notified in advance.
6.3. The Referrer may unilaterally withdraw from the Agreement by notifying the Service via email.
6.4. As of the date of termination, remuneration accrual to the Referrer ceases.
6.5. Final settlements between the Parties for any remuneration accrued up to the termination date shall be completed within thirty (30) days from the date of termination.
7. Amendments to the Terms
7.1. The Service reserves the right to amend the terms of this Agreement unilaterally at any time.
7.2. Such amendments may affect various aspects of the program, including but not limited to remuneration amounts, eligibility criteria, and operational procedures.
7.3. All amendments shall be communicated to the Referrer via email, enabling them to familiarize themselves with and adjust to the new terms.
7.4. If the Referrer disagrees with the amended terms, they may cease participation in the program by notifying the Service accordingly.
8. Personal Data Protection8.1. All personal data received from Referrers and Referred Users shall be processed in accordance with the Service’s privacy policy.
8.2. The Referrer undertakes to ensure that any provision of personal data of Referred Users to the Service (prior to the User’s registration) is made only with the Users’ prior consent.
8.3. The Referrer must inform Users about the purposes of processing their data and obtain their consent for the transfer of such data to the Service.
9. Miscellaneous
9.1. Relationship of the Parties
The relationship between the Parties is that of independent contractors. Nothing in this Agreement shall be construed to create an agency, partnership, joint venture, or any other form of joint activity between the Parties.
9.2. Notices
Notices shall be deemed received on the date they are sent to the Party’s email address.
9.3. Interpretation
The headings used in this Agreement are for convenience only and shall not affect the interpretation of any provision herein.
9.4. Entire Agreement
This Agreement constitutes the entire agreement between the Parties regarding its subject matter and supersedes and merges all prior proposals, understandings, agreements, and warranties, whether written or oral.
9.5. Assignment
The Referrer may not assign or otherwise transfer any of their rights or delegate their obligations under this Agreement, whether voluntarily, involuntarily, by operation of law, or otherwise, without the prior written consent of the Service. No delegation or transfer shall relieve the Referrer of their obligations under this Agreement.
The Service may assign any or all of its rights and obligations under this Agreement without the Referrer’s prior consent.
9.6. Severability
If any provision of this Agreement is held to be invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other provision, nor render the entire Agreement invalid or unenforceable in any other jurisdiction. In such case, the Parties shall negotiate in good faith to modify the Agreement to reflect as closely as possible the original intent of the Parties in an enforceable manner.
Annex 1
Permitted User Acquisition Methods and Traffic Sources:
- Websites, Doorways, Contextual advertising, Teaser advertising, Banner advertising, Targeted advertising, Adult traffic, Push notifications, Facebook, Native advertising, SEO, Public pages, Games, Applications, Instagram, TikTok.
Prohibited User Acquisition Methods and Traffic Sources:
- Installs, ClickUnder, PopUnder, Email marketing (unless pre-approved), Cashback, Incentivized traffic, Spam via Viber, WhatsApp, Telegram, etc., Traffback, PWA (Progressive Web Apps), Classifieds platforms.
1 The Service may support only certain payment instructions when disbursing the Referrer’s remuneration. If a prospective Referrer provides payment details that are not compatible with the Service’s capabilities, the Service reserves the right to refuse to enter into the Agreement with such prospective Referrer.
2Top-Up Operation – an operation that increases the balance of a Referred User within the Service.