This policy forms part of the Terms and Conditions (the “Contract”). Capitalized terms have the meanings assigned in the Contract and the License. References to the “First Party” and the “Administrator” are as identified therein. By creating an account on the Website, you agree to this policy. In the event of any inconsistency, the Contract shall prevail.

1. ACTIVITIES TAB

• The Activities tab is provided solely for informational and administrative purposes.
• The Activities tab records Recorded Activities, Pending Entitlements, Publication Entitlements, Disbursements, and other publishing-related events and outcomes.
• The Activities tab is not a bank account, payment account, wallet, deposit account, stored-value facility, securities account, or ledger of legally vested rights.
• Amounts displayed within the Activities tab cannot be spent, transferred, withdrawn, pledged, assigned, exchanged, gifted, sold, or otherwise used as a medium of payment.
• No item displayed in the Activities tab shall by itself create a debt, obligation, vested right, accrued right, account balance, Publication Entitlement, or amount payable by the First Party.

2. RECORDED ACTIVITIES AND PENDING ENTITLEMENTS

• Each Acceptance constitutes a Recorded Activity.
• Upon the occurrence of a Recorded Activity, the Administrator may record a Pending Entitlement in the Activities tab.
• Subject to the License, the amount associated with each Pending Entitlement shall be USD $200.00 (two hundred United States dollars) or its equivalent in another currency.
• A Pending Entitlement is an administrative record only.
• A Pending Entitlement:
  • does not constitute a debt;
  • does not constitute a vested right;
  • does not constitute a Publication Entitlement;
  • does not constitute an amount due or payable;
  • may lapse, be reversed, adjusted, deducted, forfeited, expire, or otherwise fail to result in a Publication Entitlement.
• The recording of a Pending Entitlement merely reflects that an Acceptance has occurred and that a Completed Publication Activity may subsequently arise.

3. PUBLICATION ENTITLEMENTS

• A Publication Entitlement arises only upon administrative determination by the Administrator that a Completed Publication Activity exists in accordance with the Contract and the License.
• For the avoidance of doubt, the occurrence of a Publication, Acquisition, Validation, or Completed Publication Activity shall not by itself create a right to immediate payment.
• The Administrator may conduct such reviews, investigations, audits, reconciliations, verifications, and assessments as the Administrator considers necessary before determining whether a Publication Entitlement exists.
• For each Completed Publication Activity, a Publication Entitlement shall be attributed in the amount of USD $200.00 (two hundred United States dollars), or its equivalent in another currency. The amount ultimately Disbursed to the Publisher may be less than such amount as a result of applicable taxes, withholding obligations, currency conversion costs, banking charges, intermediary fees, and other lawful deductions.
• A Publication Entitlement represents the amount attributable to the Publisher in respect of the relevant Completed Publication Activity, subject to this policy, the Contract, the License, and applicable law.

4. ACCOUNTING PERIOD, MINIMUM HOLDING PERIOD, AND MANDATORY CLAIM PERIOD

• All Recorded Activities, Pending Entitlements, Publications, Validations, Completed Publication Activities, and Publication Entitlements shall be reviewed and administered by reference to the applicable Accounting Period.
• Following the conclusion of an Accounting Period, the applicable Minimum Holding Period shall commence.
• During the Minimum Holding Period, the Administrator may review, verify, reconcile, investigate, and determine:
  • Publications;
  • Validations;
  • Completed Publication Activities;
  • Incomplete Publication Activities;
  • refunds;
  • chargebacks;
  • fraud indicators;
  • sanctions compliance;
  • KYC and AML matters;
  • banking information; and
  • any other matter relevant to the administration of the publishing arrangement.
• Publication Entitlements become payable only following expiration of the applicable Minimum Holding Period.
• The Mandatory Claim Period shall operate in accordance with the Contract.

5. CONDITIONS FOR DISBURSEMENT

• No Publication Entitlement shall be Disbursed unless all applicable conditions have been satisfied to the satisfaction of the Administrator.
• Such conditions include, without limitation:
  • maintenance of a valid account in good standing;
  • compliance with the Contract and License;
  • successful completion of all required KYC and AML procedures;
  • successful sanctions screening;
  • verification of identity;
  • verification of country of residence;
  • verification of receiving bank account details;
  • compliance with applicable law; and
  • submission of any information reasonably requested by the Administrator.
• The Mandatory Claim Period is the exclusive period during which a Licensee or Publisher may satisfy the administrative requirements for Disbursement. Failure to satisfy such requirements before expiration of the Mandatory Claim Period may result in any corresponding Publication Entitlement being marked Expired and permanently extinguished.
• Failure to satisfy the applicable requirements may result in the relevant Publication Entitlement being marked Expired, Forfeited, Adjusted, Deducted, or otherwise Resolved in accordance with the Contract.

6. GROSS PUBLISHING RECEIPTS AND ECONOMIC ALLOCATION

• For the purposes of the publishing arrangement established by the Contract, amounts paid by Acceptors in connection with Publications are treated as Gross Publishing Receipts attributable to the relevant Publisher.
• Pursuant to the authority granted under the Contract and the Agency provisions thereof, the First Party and its authorized agents may receive, administer, allocate, apply, deduct, remit, and distribute such amounts on behalf of the Publisher.
• Without limitation, Gross Publishing Receipts may be applied toward:
  • royalties payable to copyright owners;
  • licensing fees;
  • professional fees;
  • legal fees;
  • management fees;
  • production costs;
  • printing costs;
  • fulfillment costs;
  • shipping costs;
  • payment processing charges;
  • banking charges;
  • taxes;
  • regulatory costs; and
  • other costs and expenses arising in connection with Publishing.
• The Publication Entitlement specified in the License represents the Publisher’s contractually attributable amount for each Completed Publication Activity and shall be administered and Disbursed in accordance with the Contract, the License, and this policy.

7. CURRENCY CONVERSION

• Where currency conversion is required, the amount of any Publication Entitlement or Disbursement shall be calculated using the exchange rate applied by the relevant financial institution or payment provider at the time the transfer is initiated.
• The First Party and the Administrator shall not be responsible for exchange-rate fluctuations, intermediary-bank deductions, conversion charges, or similar third-party costs.

8. REFUNDS, CHARGEBACKS, REVERSALS, AND ADJUSTMENTS

• The Minimum Holding Period is intended to permit review of refunds, chargebacks, reversals, fraud indicators, disputes, and other matters that may affect the existence of a Completed Publication Activity.
• The Administrator may reverse, adjust, deduct, recalculate, withhold, forfeit, expire, lapse, or otherwise resolve any Pending Entitlement or Publication Entitlement where circumstances justify such action under the Contract.
• Nothing in this policy shall prevent the Administrator from correcting administrative, accounting, technical, compliance, or legal errors.

9. INVALID OR NON-COMPLIANT PUBLISHING

• No Publication Entitlement shall arise in respect of any Publication that:
  • was not conducted in the Prescribed Manner;
  • violated the Contract or License;
  • involved fraud, deception, or circumvention of the publishing arrangement; or
  • otherwise fails to satisfy the requirements of a Completed Publication Activity.

10. ACTIVITIES TAB STATUS DESCRIPTORS

• The Administrator may use status descriptors including, without limitation:
  • Pending Entitlement Recorded;
  • Pending Entitlement Lapsed;
  • Pending Entitlement Reversed (Refund);
  • Pending Entitlement Reversed (Chargeback);
  • Pending Entitlement Adjusted;
  • Publication Entitlement Resolved;
  • Publication Entitlement Expired;
  • Publication Entitlement Deducted (Fees);
  • Publication Entitlement Forfeited (Breach).
• The foregoing descriptors are administrative classifications only and shall be interpreted in accordance with the Contract.
• The recording of a “Resolved” entry constitutes the final administrative resolution of the corresponding amount for the purpose identified in the relevant descriptor.

11. DEDUCTIONS

• Subject to applicable law, all required deductions may be applied before any Disbursement is released.
• Such deductions may include taxes, governmental levies, banking charges, intermediary fees, currency conversion costs, processing fees, administrative costs, and similar charges.
• No gross-up obligation shall arise.

12. RECOUPMENT AND RECOVERY

• For a period of three (3) years following any Disbursement, the First Party and the Administrator reserve the right to recover, recoup, offset, deduct, or claw back amounts arising from fraud, misrepresentation, accounting errors, system errors, legal requirements, regulatory requirements, court orders, or other circumstances giving rise to a right of recovery under the Contract.

13. TAX OBLIGATIONS

• The Publisher remains solely responsible for determining, reporting, filing, and paying any taxes arising from Publications, Publication Entitlements, or Disbursements.
• The First Party may make any deduction, withholding, reporting, disclosure, or filing required by applicable law.

14. NO INTEREST

• No interest, yield, earnings, return, profit, compensation, or similar amount shall accrue in favor of any Publisher in respect of any Pending Entitlement, Publication Entitlement, Disbursement, Accounting Period, Minimum Holding Period, Mandatory Claim Period, or other amount contemplated by the Contract.
• Any interest or benefit arising from the custody, administration, or holding of such amounts shall belong exclusively to the First Party unless otherwise required by applicable law.

15. NO PROFESSIONAL ADVICE

• Nothing in this policy constitutes legal, accounting, tax, financial, investment, or professional advice.
• Users, Licensees, and Publishers are encouraged to seek independent professional advice appropriate to their circumstances.