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Party has made another change in their affiliate agreement besides the one discussed in the other thread.
They have changed so that if they terminate the affiliate contract they no longer have to pay anything for the players sent to them.
An extract from their present T & C:
5.3 Termination By Us. We may terminate this Agreement, without cause at any time, upon written notice to you which we may send by email to such email address you have provided to us or by fax to such fax number you may have provided to us. In the event we terminate, we shall be entitled to automatically render such Trackers inoperative.
d. Provided that we have paid or do pay to you such sums as are due at the date of termination which shall be subject to any rights we have to make deductions hereunder, we will have no further liability to pay you any further sums.
This makes for a nice combo of theirs.. They can cancel the contract without reason and then they wouldn’t have to pay any more. Before those changes I think it was that if they cancelled the contract you would still get money from the players you’ve sent to them.
The sad fact is that any of these programs could just stop paying. What recourse do you have if a program stops paying? Now any program that did this would receive bad press from affiliates and no more exposure from affiliates, but beyond that there is little that can be done. Affiliate programs are based on trust. We trust the programs to report our stats correctly and pay us on time. And as always, actions speak louder than words. That’s why the honest and reliable companies do well.
Yeah you are right.. Most programs have something like this in their contracts. The thing that deserves attention here is that they changed from having a better than average policy to having a “normal” in this respect (Not taking into consideration their 60 days rule).
Seems their lawyers are having a field day.
This is getting worse and worse – they are likely the single most awful to promote program.
The have changed the T&C around in a way that every way they reimburse you for your work is a favor, not something they have to do.
I suppose it gives them quite some power over affiliates who are unfortunate enough to have become dependent on them.
They want something, like better exposure, a little pressure will yield the proper results.
I can’t say I didn’t see it coming from this group where their evil past
has already spoken about what the future will hold for their affiliates.
This clause does not bother me too much. I believe almost all other programs have a similar clause. I guess the lawyers wanted to revise the wording before they launched their IPO. I am still waiting for an official statement regarding the 60 day policy.
This situation is alarming. I’d certainly love to hear from Satya!
acesup wrote:I am still waiting for an official statement regarding the 60 day policy.Me too. But I don’t expect to hear anything soon — if we’re lucky, maybe we’ll get some answers by September or October. :woo-hoo:Pokermonger does bring up a good point, say PP decided that they no longer needed the affiliate program, they could just end it and stop paying everyone, and what recourse would we all have? Especially when they go public and are flush with a ton of cash, they could just advertise like crazy and decide to keep all of the earnings themselves. They will certainly be pressured by the investors to improve their bottom line.
On the flip side, by becoming a public company, it probably wouldn’t look to good for them to reneg on contracts they have made with all of their affiliates. By becoming a publicly traded company, they are actually self regulating, at least to the point where they have to answer to their investors, and in a public forum.
It will be intesting to see in the coming years how things shake out for affiliates, hopefully most of the programs will do the right thing and honor their agreement to pay lifetime revenue on players sent.
