During the Term of the PARTNERNOMICS Consultant Agreement, the Consultant agrees to:
SECTION 5 – PAYMENT & COMMISSIONS:
The Consultant will receive:
- Consultant Delivers Company Organized Bootcamp: The Consultant will receive $200 per hour for leading cohort/bootcamp sessions scheduled by Company. For example, if Consultant successfully leads a 7-week (7 contact hour) cohort/bootcamp program, the Consultant will earn $200 x 7 = $1,400.00.
- Consultant Delivers Coaching or Consulting Engagement:
When an engagement is sold by PARTNERNOMICS and no referral commission is due to a 3rd party (Orchestrator or otherwise), the Consultant will receive 80% of the total engagement fee for leading and delivering the Coaching or Consulting engagement.
When an engagement is sold and a referral commission IS DUE to a 3rd party (Orchestrator or otherwise), the Consultant will receive 70% of the total engagement fee for leading and delivering the Coaching or Consulting engagement, the referral partner will receive 20%, and PARTNERNOMICS will receive 10%. This arrangement is authorized to use PARTNERNOMICS IP without paying an additional right-to-use fee.
All Coaching & Consulting engagements associated with PARTNERNOMICS must have a written Statement of Work (SOW) for the opportunity that is pre-approved by Company CEO before an engagement is finalized with a client. The SOW must be part of the signed client proposal. This will ensure clarity on deliverables for all parties.
- Consultant Referral Commissions & Right-to-Use License: In addition to applicable Cohort/Bootcamp and Coaching/Consulting delivery pay, the Consultant will receive sales commissions based on the net revenue collected by Company (less 3rd party transaction fees) for the referral and subsequent sale (and payment) of the following Services. And Consultant will pay a Right-to-Use license for engagements that use PARTNERNOMICS IP.
A. Consultant refers a purchased Service or Client engagement where Consultant is not delivering the engagement:
- Consulting or Coaching Engagement = Company will pay a 20% commission to the Consultant.
- PARTNERNOMICS Platform Memberships = Company will pay a 20% commission to the Consultant.
- Advanced Courses (DIY) = PARTNERNOMICS will pay a 20% commission (does not include free or subscription courses).
- Bootcamps = PARTNERNOMICS will pay a 20% commission to the Consultant.
- PARTNERNOMICS IQ = PARTNERNOMICS will pay a 20% commission on the first-year software license fee to the Consultant.
B. Consultant refers a purchased Service or Client engagement where the Consultant IS delivering and using PARTNERNOMICS IP in the engagement:
- Consulting or Coaching Engagement = Company receives a 15% right-to-use license and Consultant receives 85%.
- Consultant sells private Bootcamp program (must have at least 5 participants) = PARTNERNOMICS will pay an 80% commission to the Consultant on the per-participant Bootcamp fees, in addition to the Membership/Course commissions.
4. Company-Generated Lead/Prospect where PARTNERNOMICS is delivering: If PARTNERNOMICS generates a prospect lead and the Consultant closes the sale, PARTNERNOMICS will pay the following commissions:
- Platform Membership = 15%.
- Courses = 15%.
- Bootcamp = 15%.
- PARTNERNOMICS IQ = 10% of the first-year software license fee.
5. Company-Generated Prospect for Consultant IP to be sold: If PARTNERNOMICS generated a prospect lead for a Consultant and the Consultant’s Proprietary work will be used:
- Consultant will pay PARTNERNOMICS 20% commission on the engagement.
6. Payments:
- Consultant will be paid within 10 days of the end of the month where a Customer 1) made full payment for the Service(s), and 2) Consultant completing the work associated with the Service(s), where applicable.
- If the delivery time for a Service, such as a Coaching program or Consulting engagement, is greater than one month, payment will be split into equal parts (50/50) and the first payment will be made by Company to Consultant within 10 days of the end of the month where the Consultant completing the first 50% of the engagement as defined by the Program or Statement Of Work schedule.
- Company reserves the right to “set off” payments due to Consultant for situations where Consultant was paid to deliver Services, but for any reason, the Services were not delivered; and/or for Customer bad debt where commissions were paid to Consultant, but payment was not satisfied by the Customer.
- Changes to payments and commission structures may be made from time to time. Any revised payment and commission structure(s) will only be effective on future Services and sales, such changes will not be retroactive.
- Payment to Consultant will be accrued and paid by Company when total amounts due reach $500 or greater.
SECTION 6a – OBLIGATIONS OF CONSULTANT:
- Professionally represent Company and successfully provide the Services to the Customer’s reasonable expectation;
- Use its reasonable efforts to refer, introduce, and sell Company’s Services;
- Participate in regular Consultant calls (>75% participation).
- Have at least 5 communications engagements on the PARTNERNOMICS.com platform (Coffee Shop group, Pro Members group, etc.) per month.
- Pay all personal office, communications, equipment, travel, and entertainment expenses that have not been pre-approved by Company;
- Pay all personal, use, excise, or similar taxes, applicable to the performance of the Consultant Services;
- Submit expense reports within 30 days of the date on which the pre-approved expenses were incurred;
- Follow all internal and Customer facing processes and procedures set forth by Company to foster high-quality customer results;
- Make suggestions, recommendations, and share insights with Company regarding potential improvements to the Services and internal operations processes;
- Not delete, destroy, or diminish the value of Company property, including, but not limited to intellectual property, physical assets, non-physical assets, and/or digital assets (brand, data, information, etc.);
- Maintain marketing standards that are, in the view of Company, appropriate considering the nature, quality, and reputation of Company;
- Acknowledge that strict compliance with Company marketing standards is necessary to properly promote the unique Service qualities of Company;
- Upon notice from Company, Consultant will immediately cease and remove from use, display, and distribution all marketing and sales materials that are, in the sole opinion of Company, not in compliance with Company standards; and
- Immediately report to Company any complaints or adverse claims concerning the Company Services or other subjects of reasonable interest.
- Invite at least 5 partnering professionals to the PARTNERNOMICS platform per month. (below)
SECTION 6b – LinkedIn Engagement (PARTNERNOMICS company or PARTNERNOMICS employee posts)
- Consultant may reference PARTNERNOMICS on his/her LinkedIn background/banner image.
- Consultant will show PARTNERNOMICS as a “current position” on his/her list of job roles on LinkedIn.
- Engage with at least 5 PARTNERNOMICS LinkedIn posts per week, such as “liking” and/or commenting on company posts or customer posts referencing PARTNERNOMICS.
- “Repost” at least 2 PARTNERNOMICS LinkedIn posts or repost customer posts referencing PARTNERNOMICS each week.
- Launch two social posts or emails each week using the PARTNERNOMICS assets in the PARTNERNOMICS Partner Relationship Management system.
These terms and policies are effective: February 23, 2023.
