Axial Referral Program Terms and Conditions
Last updated: February 19, 2020
The Axial Referral Program (“The Program”) allows Member Accounts (“Members”) to earn discounts on future success fees owed to Axial by referring Members to become new Users on Axial. Additionally, The Program allows Members to earn discounts on future success fees owed to Axial by referring Deal Opportunities that become Shared Deal Opportunities on the Platform.
To participate, Members must agree to these terms, which become part of the Axial Terms of Service. Capitalized terms that are not defined here will have the same meaning given to them in the Axial Terms of Service.
How to Earn Success Fee Discounts
Members can earn Success Fee Discounts if: (i) a referred Member complies with our Terms of Service; or (ii) a referred Deal Opportunity becomes a Shared Deal Opportunity on the Platform. The referring Member can not earn Success Fee Discounts for any Pursuits (as defined below) that are generated from a Member or Deal Opportunity that was a Member or Shared Deal Opportunity on the Platform prior to being referred.
The referring Member will earn 10 basis points (“bps”) off of the total dollar value of a Success Fee owed to Axial for every Pursuit that occurs on the Platform from a referred Member or Deal Opportunity. A referring Member may earn multiple Success Fee Discounts from referred Members and Deal Opportunities in the amount of 10 bps for each Pursuit. A referring Member may only earn Success Fee Discounts from any one (1) referred Member and Deal Opportunity for 12 months beginning the date of the referred Member’s or Deal Opportunity’s first Pursuit on the Platform.
A referring Member will earn thirty percent (30%) of the dollar value from any Success Fee owed to Axial a result of a Pursuit that a Member referred, whether that be from a referred Member or Shared Deal Opportunity.
The maximum Success Fee Discount that a referring Member can use on Consummated Transaction is 50% of the total dollar value of the Success Fee owed to Axial.
A Pursuit is defined as the action a Member takes in expressing interest in a Shared Deal Opportunity by clicking “Pursue” on a Shared Deal Opportunity received on Axial.
Redeeming Success Fee Discounts
Success Fee Discounts may only be redeemed on a success fee that is owed to Axial as a result of a Consummated Transaction. Success Fee Discounts may be applied on up to 5000 bps (50%) of the dollar value of the success fee owed to Axial. Any additional Success Fee Discounts in excess of 5000 bps may be applied to subsequent success fees owed to Axial as a result of a Consummated Transaction. Success Fee Discounts have no cash value and may not be transferred or exchanged for cash.
Referring Member Accounts and Deal Opportunities
It is the burden of the referring Member to ensure the referred Member discloses you or the company that you represent in the Membership Agreement as the Referring Member Account.
Members may email any Deal Opportunity to firstname.lastname@example.org. A Deal Opportunity is eligible for the referring Member’s Success Fee Discount total only if the Deal Opportunity had not already been referred to Axial by another Member or had not otherwise been discovered by Axial first.
Termination and Changes
If any referred Member Account violates or otherwise fails to comply with our Terms of Service, all pursuits generated from that referred Member are retroactively void from your Success Fee Discount total. Similarly, if any referred Deal Opportunity receives a Report a Concern or otherwise is found to be in violation of Acceptable Use as defined by our Terms of Service, all pursuits generated from that Deal Opportunity are retroactively void from your Success Fee Discount total.
We reserve the right to suspend accounts or remove Success Fee Discount bps if we notice any activity that we believe is fraudulent or in violation of Axial’s Terms of Service or Code of Conduct. We reserve the right to review and investigate all referral activities and to suspend accounts or modify referrals in our sole discretion as deemed fair and appropriate.
Updates to the Terms
We can update these terms at any time without prior notice. If we modify these terms, we will post the modification on the Axial.net website, applications, or services, which are effective upon posting. Continued participation in the Program after any modification shall constitute consent to such modification.