Last updated: April 3, 2020
These Fee Terms (this “Agreement”) governs the pricing terms for offers (“Offers”) made available by third party businesses (each, a “Business”) on Cravve LLC’s (“Cravve”, “we”, “us” and terms of similar meaning) on Craave’s software application (the “App”) platform website at cravveapp.com (the “Website”)(collectively, Website and App is “Site”) and for influencers who are featured on the Site.
1. Commissions From Offers.
1.1 In consideration for allowing a Business to make Offers on the Site, a Business shall pay Cravve commissions on gross revenues generated by the Business from an Offer placed on the Site. For purposes of this Agreement, “gross revenues” means all revenues and income of any nature received by a Business relating to an Offer.
1.2 The rate of commissions shall be as determined by us from time-to-time. The commission rate may be changed at any time in our sole discretion. In the event of a change of commission rate, the new commission rate shall apply to revenues generated as of the effective date of the new commission rate, and prior revenues shall be governed by the previous commission rate then in effect.
1.3 The revenue generated from a Business shall be tracked via a swipe system implemented by us (“Swipe”). In order to complete a Swipe, the user will be required to enter a unique code in the App or on the Website. We will invoice at the end of each month based on the number of Swipes associated with the purchase price and the applicable fixed commission established pursuant to section 1.2 above.
1.4 The Commissions shall be payable to Cravve within thirty (30) days after the end of each calendar month to an account designated by Cravve. Along with payment, the Business shall provide Cravve with a written statement itemizing the calculation of gross revenues derived from Offers made by the Business on the Site during such period. The statement shall provide sufficient detail to show the calculation of gross revenues.
2. Subscriptions for Influencers.
2.1 A Business, at its option, may elect to subscribe to Cravve’s Third Party Business subscription offering for influencers (“Subscription Services”). By subscribing, Cravve will arrange to have at least one influencer in the food industry visit the Third Party Business for photo opportunities with the influencer. However, Cravve cannot guarantee that a particular influencer desired by a Business will be provided.
2.2 Cravve offers monthly and yearly subscriptions at flat fees determined by Cravve from time to time as communicated to you by Cravve. We reserve the right to change the subscription fee at any time.
2.3 If a Business subscribes to the Subscription Services, its subscription will be auto-renewed on a monthly basis in the event of a monthly subscription and on a yearly basis in the event of an annual subscription, at the same subscription rate then in effect. A Business may cancel at any time by contacting . A Business must cancel at least [fifteen (15) days] prior to the commencement of a month or the Business will be charged for the following month. In the event a Business cancels during an annual subscription, we will reimburse the Business for the unused remaining months in the annual period.
3. Influencer Referral Fees.
3.1 Any influencer (“Influencer”) who receives compensation from a third party for providing content through the Site shall be required to pay Cravve a referral fee (“Influencer Referral Fees”) equal to five percent (5%) of all gross proceeds received from the Influencer from the third party. We reserve the right to change the referral fee rate at any time.
3.2 All revenue generated by an Influencer shall be tracked via the Site. All compensation from a third party received shall be initially held by us till the content and related work provided by an Influencer has been completed and verified. Upon completion and our verification of such work, we will add the payment to the Influencer’s account balance less the applicable Influencer Referral Fees. To transfer the funds, the balance amount can be transferred by an Influencer via PayPal, Venmo, or other permitted methods by us.
3.3 The Influencer Referral Fees shall be payable by Cravve within thirty (30) days after the end of each calendar month to an account designated by Cravve. Along with payment, the Influencer shall receive a written statement itemizing the calculation of gross proceeds derived from its sales on the Site. The statement shall provide sufficient detail to show the calculation of gross proceeds.