Axial Referral Program Terms and Conditions
Last updated: November 17, 2020
The Axial Referral Program (“The Program”) allows Member Accounts (“Members”) to earn discounts on future Success Fees owed to Axial as well as discounts on Premium Product Features by referring Members to become new Users on Axial.
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 Discounts
Members can earn discounts on Success Fees and Premium Product Features owed to Axial if a referred Member complies with our Terms of Service. The referring Member can not earn discounts for any Pursuit (as defined below) that is generated from a Member that was already a Member on the Platform prior to being referred.
The referring Member will earn one (1) Axial Credit for every one (1) Pursuit that occurs on the Platform from a referred Member. A referring Member may earn multiple Axial Credits from referred Members in the amount of one (1) Axial Credit for each Pursuit. A referring Member may only earn Axial Credits from any one (1) referred Member for 12 months beginning the date of the referred Member’s first Pursuit on the Platform.
One (1) Axial Credit is equivalent to either 10 basis points (“bps”) off of the total dollar value of a Success Fee owed to Axial or $10 off of Premium Product Features via Axial PRO. Example: for every 10 deals pursued by your referrals, earn 1% off of your Success Fee, or $100 off of Axial PRO.
The maximum discount a referring Member can use is 50% of the total dollar value of either the Success Fee owed to Axial or the Axial PRO subscription, respectively.
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. Each valid Pursuit is equivalent to one (1) Axial Credit.
Redeeming Success Fee Discounts
Axial Credits may only be redeemed on a success fee that is owed to Axial as a result of a Consummated Transaction. Axial Credits may be applied on up to 5000 bps (50%) of the dollar value of the success fee owed to Axial. Any additional Axial Credit discount in excess of 5000 bps may be applied to subsequent success fees owed to Axial as a result of a Consummated Transaction. Axial Credits have no cash value and may not be transferred or exchanged for cash.
Redeeming Premium Product Feature Discounts
Axial PRO is a subscription membership that includes various Premium Product Features. Discounts on Axial PRO subscriptions may only be redeemed upon the beginning or renewal of a subscription owed to Axial. Axial PRO discounts may be applied on up to 50% of the total dollar value of the Axial PRO subscription owed to Axial. Any additional Axial Credits that are not applied to an Axial PRO subscription may be applied to subsequent Premium Product Features or Success Fee Discounts. Axial Credits have no cash value and may not be transferred or exchanged for cash.
Referring Member Accounts and Deal Opportunities
It is the responsibility 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.
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 Axial Credits total.
We reserve the right to suspend accounts or deduct Axial Credits 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.