Affiliate Agreement
Last updated August 25th, 2023.
- Services to be performed
www.worldadventuretravel.net offers travel and accommodation-related services under the name "WORLD ADVENTURE TRAVEL". WORLD ADVENTURE TRAVEL will provide the Travel Agency with a non-exclusive license to offer WORLD ADVENTURE TRAVEL's services. WORLD ADVENTURE TRAVEL further agrees to provide sales and marketing materials to promote WORLD ADVENTURE TRAVEL.
The Travel Agency shall:
- Offer WORLD ADVENTURE TRAVEL services to business and consumer clients as part of travel packages;
- Offer WORLD ADVENTURE TRAVEL services at prices approved by WORLD ADVENTURE TRAVEL without exception;
- Report all sales to WORLD ADVENTURE TRAVEL on a weekly basis; and
- Provide WORLD ADVENTURE TRAVEL with complete contact information for each customer purchasing a Tour or Package.
- Payment
In consideration for the services to be provided by the Travel Agency, WORLD ADVENTURE TRAVEL agrees to pay the Travel Agency commissions with the following percentages:
Ten percent (10%) of WORLD ADVENTURE TRAVEL's gross sales are sold by the Travel Agency. Commission invoices will be generated each month and will be paid by WORLD ADVENTURE TRAVEL no earlier than 60 days prior to travel and no later than the 15th day of the month in which travel commences.
In the event that a reservation associated with the Travel Agency is canceled by the Agency or by the traveler 60 days prior to the trip, no commission will be paid.
No commission will be paid for travel booked by the Travel Agency using any offer, discount coupon, or code that does not explicitly provide for the payment of a commission.
- State and federal taxes
WORLD ADVENTURE TRAVEL will not do any of the following:
- withholding taxes from Travel Agency payments or making tax payments on behalf of the Travel Agency
- make state or federal unemployment compensation contributions on behalf of the Travel Agency, or
- withhold state or federal income tax from Travel Agency payments.
The Travel Agency shall pay all taxes incurred in the course of providing services under this Agreement, including all applicable income taxes and, if the Travel Agency is not a business, self-employment (Social Security) taxes. Upon request, the Travel Agency shall provide WORLD ADVENTURE TRAVEL with proof that such payments have been made.
- Indemnification
The Travel Agency shall indemnify and hold WORLD ADVENTURE TRAVEL harmless for any loss or liability arising out of the provision of services under this Agreement.
The Travel Agency agrees to obtain and maintain adequate insurance with WORLD ADVENTURE TRAVEL as "Other Insured" during the term of this contract.
At WORLD ADVENTURE TRAVEL's request, the Travel Agency shall provide proof of insurance for each month during the term of this travel agency contract.
- Term of Program
The Program shall become effective upon signature by both parties and shall terminate on the earlier of:
One year from the date of this Agreement; or
The date on which one of the parties terminates the Agreement, as indicated below.
This Agreement may be renewed for subsequent periods of one year, subject to the agreement of both parties.
- Terminating the Program
With reasonable cause, either WORLD ADVENTURE TRAVEL or Travel Agency may terminate the commercial relationship, effective immediately upon giving written notice.
Reasonable cause includes:
- a material breach of this Agreement, or
- any act that exposes the other party to liability to third parties for personal injury or damage to property.
However, either party may terminate this Agreement at any time by giving written notice to the other party of its intention to terminate this Agreement.
- Exclusive agreement
This is the complete Agreement between the Travel Agency and WORLD ADVENTURE TRAVEL.
- Modifying the Agreement
This Agreement may only be amended in writing and signed by both parties.
- Resolving Disputes
In the event a dispute arises under this Agreement, the parties agree to first attempt to resolve the dispute with the assistance of a mutually agreed upon mediator in the appropriate jurisdiction. All costs and fees, except attorneys' fees, associated with the mediation shall be shared equally by the parties. If it proves impossible to reach a mutually satisfactory solution through mediation, the parties agree to submit the dispute to a mutually agreed arbitrator. Judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction to do so. The costs of the arbitration, including attorneys' fees, shall be allocated by the arbitrator.
- Proprietary information.
Travel Agency acknowledges that it will be necessary for WORLD ADVENTURE TRAVEL to disclose to Travel Agency certain confidential and proprietary information for Travel Agency to perform its obligations under this Agreement. Travel Agency acknowledges that disclosure to a third party or misuse of this confidential or proprietary information would irreparably harm WORLD ADVENTURE TRAVEL. Accordingly, Travel Agency shall not disclose or use, either during or after the term of this Agreement, any proprietary or confidential information of WORLD ADVENTURE TRAVEL without the prior written authorization of WORLD ADVENTURE TRAVEL, except to the extent necessary for the performance of services on behalf of WORLD ADVENTURE TRAVEL.
- Written, printed, graphic, or electronically recorded materials provided by WORLD ADVENTURE TRAVEL for the Travel Agency to use
- Any written or tangible information stamped "confidential," "proprietary" or similar legend, or any information that WORLD ADVENTURE TRAVEL makes reasonable efforts to keep secret
- Business or marketing plans or strategies, customer lists, operating procedures, trade secrets, design formulas, technical know-how and processes, computer programs and inventories, discoveries and improvements of any kind, sales projections, and pricing information Agency has no authority to enter into contracts on behalf of WORLD ADVENTURE TRAVEL.
- Information pertaining to customers and suppliers of WORLD ADVENTURE TRAVEL about whom the Travel Agency became aware as a result of services provided by the Travel Agency to WORLD ADVENTURE TRAVEL, who are not customers of the Travel Agency, and
- Information related to sale dates, special rate changes, and availability
Upon termination of the Travel Agency's services to WORLD ADVENTURE TRAVEL, or WORLD ADVENTURE TRAVEL's request, the Travel Agency shall turn over to WORLD ADVENTURE TRAVEL all materials in the Travel Agency's possession relating to WORLD ADVENTURE TRAVEL's business.
Travel Agency acknowledges that any breach or threatened breach of Section 14 of this Agreement will result in irreparable harm to WORLD ADVENTURE TRAVEL for which an award of damages would be an inadequate remedy. Therefore, WORLD ADVENTURE TRAVEL shall be entitled to equitable relief, including an injunction, in the event of a breach or threatened breach of Section 14 of this Agreement. Such equitable relief shall be in addition to WORLD ADVENTURE TRAVEL's rights and remedies available at law.
- No Partnership
This Agreement does not create a partnership relationship. The Travel Agency has no authority to enter into contracts on behalf of WORLD ADVENTURE TRAVEL.
- Applicable Law
This Agreement shall be governed by the law of Panama, without giving effect to principles of conflict of laws.
- Contact
In case of any questions or concerns about this Agreement/Policy, please contact us at: