Topic: Solvemedia info (Read 181 times)

Payment Terms. Each Party's share of Net Revenue shall be determined by Solve Media (in its sole discretion) on a calendar monthly basis. Solve Media shall pay Publisher within sixty (60) days after the close of each Monthly Cycle for the Inventory Solve Media sold during the previous Monthly Cycle. In the event Solve Media has not received complete payment from advertisers within one (1) year after the month in which such Inventory was sold, future amounts due to Publisher hereunder shall be subject to a setoff, reduction, and/or recoupment by Solve Media in the amount of such shortfall. For Inventory sold by Publisher, Publisher shall pay Solve Media within thirty (30) days of Publisher's receipt of payment from the advertiser. Publisher shall pay Solve Media the fees associated with any House Ads within thirty (30) days after receiving Solve Media's invoice. Notwithstanding anything to the contrary herein, if a Party's earned balance is less than Two Hundred Fifty Dollars ($250), no payment shall be made until the amounts owed by the other Party exceed such amount. If a Party disputes any payment made hereunder, it must notify the other Party in writing within thirty (30) days of any such payment. Failure to so notify the other Party shall result in the waiver by the Party of any claims related to such disputed payment. Payments shall be calculated solely based on records maintained by the Parties. To ensure proper payments, each Party is responsible for providing and maintaining accurate contact and payment information with the other Party regarding its account. If Publisher fails to provide Solve Media with proper payment information (i.e., an address to send a check, or ACH information, AND a completed W-9/W-8BEN/W-8BENc) within thirty (30) days after the commencement of the Term, Solve Media may, in its sole discretion, terminate this Agreement, in which case Publisher forever waives and forfeits any rights to payment under this Agreement.