TERMS & CONDITIONS
STRATEGUS INSERTION ORDER TERMS AND CONDITIONS
Except as otherwise set forth herein, this Insertion Order “(IO”) is governed by the IAB/AAAA Standard Terms and Conditions for Media buys One Year or less Version 3.0 ("IAB T&Cs) found at https://www.iab.com/wp-content/uploads/2015/06/IAB_4As-tsandcs-FINAL.pdf, and as may be updated by the IAB/AAAA from time-to-time, with Strategus as “Media Company” and you the Customer as either Advertiser or Agency. To the extent you the Customer are, in fact, an Advertiser and not an Agency, then all terms and conditions contained in the IAB T&Cs for an Agency shall also apply to you in your role as Advertiser including, but not limited to, all representations, warranties, indemnities, and liabilities of an Agency. All capitalized terms not specifically defined in this Insertion Order shall have the meaning as set forth in the IAB T&Cs.
Section III of the IAB T&Cs is hereby replaced with the following:
III. PAYMENT AND PAYMENT LIABILITY
a. Invoices. The initial invoice will be sent by Media Company upon completion of the first month’s delivery, or within 30 days of completion of the IO, whichever is earlier. Invoices will be sent to Agency’s billing address as set forth on the IO and will include information reasonably specified by Agency, such as the IO number, Advertiser name, brand name or campaign name, and any number or other identifiable reference stated as required for invoicing on the IO. All invoices (other than corrections of previously provided invoices) pursuant to the IO will be sent within 90 days of delivery of all Deliverables.
Upon request from the Agency, Media Company should provide proof of performance for the invoiced period, which may include access to online or electronic reporting, as addressed in these Terms, subject to the notice and cure provisions of Section IV. Media Company should invoice Agency for the services provided on a calendar-month basis with the net cost (i.e., the cost after subtracting Agency commission, if any) based on actual delivery, flat-fee, or based on prorated distribution of delivery over the term of the IO, as specified on the applicable IO.
b. Payment Liability and Payment Date. Agency is responsible for all payments due in accordance with the IO. Agency will make payment 30 days from its receipt of invoice, or as otherwise stated in a payment schedule set forth on the IO. Media Company may notify Agency that it has not received payment in such 30-day period and whether it intends to seek payment directly from Advertiser. Media Company may do so five (5) business days after providing such notice.
c. Upon request, Agency will make available to Media Company written confirmation of the relationship between Agency and Advertiser. This confirmation should include, for example, Advertiser’s acknowledgement that Agency is its agent and is authorized to act on its behalf in connection with the IO and these Terms. In addition, upon the request of Media Company, Agency will confirm whether Advertiser has paid to Agency in advance funds sufficient to make payments pursuant to the IO.
d. Media Company may require payment in advance at its sole discretion.
In addition to the IAB T&Cs, the following Strategus provisions (“Strategus Provisions”) provided below shall govern the Insertion Order:
Customer, whether an Agency or Advertiser will be responsible for furnishing Strategus with all data and information required by Strategus, including but not limited to the Advertising Materials, necessary for Strategus to execute the IO in accordance with the IAB T&Cs and these Strategus Provisions. Strategus will be entitled to rely upon such Advertising Materials, data, and information and will not be responsible for the sufficiency or accuracy thereof. In addition, Customer shall be solely responsible for ensuring that the Advertising Materials comply with all applicable laws and regulations, shall not be misleading or deceptive, shall not offer or disseminate fraudulent goods, services, schemes, or promotions, and shall not include malicious code, including but not limited to viruses, trojan horses, worms, time bombs, or any other computer programming routines that may damage, interfere with, surreptitiously intercept, or expropriate any system, program, data, or personal information of Strategus or any other third party. Customer agrees to indemnify and hold harmless Strategus and its suppliers and vendors from any and all claims arising from the violation of the IAB T&Cs or the Strategus Provisions specifically including, but not limited to, any third party intellectual property right over the Creative Assets, data, and information provided by Client.
Strategus reserves the right to suspend performance of services under the IO, at any time, and with no notice to Customer, in the event that Strategus determines, in its sole discretion, that: (i) Client is in material breach of the Agreement; (ii) the Advertising Materials are unlawful, not permitted, not approved by an appropriate regulatory authority, obscene, indecent, defamatory, harassing, threatening, harmful, explicit, pornographic, hateful, violent, racist, sexist, genderist, invades the privacy rights or publicity rights of others, abusive, inflammatory, or otherwise inappropriate; (iii) the Client Assets infringe the intellectual property rights or other rights of any person or entity; and (iv) any other reason in Strategus’ reasonable business judgment is necessary to protect Strategus.
Customer understands and acknowledges that this IO is for the purchase and delivery of Impressions to Customer’s target audience as specified in the IO, nothing more. Strategus agrees to use commercially reasonable methods to deliver the Impressions specified in the IO. Strategus will provide Customer a Performance and Delivery Report showing the number of impressions delivered during a Campaign. Customer agrees the Strategus performance and delivery report shall constitute satisfactory proof of the impressions delivered during a campaign and Strategus shall not be under any obligation to provide additional proof of the impressions delivered during a campaign. Customer may always use its own independent third party verification tools at its own expense. For purposes of the Strategus Provisions and this IO, “Impressions” means the number of times a creative asset, or Advertising Material, was delivered. Customer acknowledges and agrees that upon receipt of the Strategus Performance and Delivery Report, all amounts quoted to the Customer in the IO are and shall be immediately due and payable.
In the event that any suit or action is instituted to enforce any provision in the IAB Terms and Conditions or the Strategus Provisions, the prevailing party in such dispute shall be entitled to recover from the losing party all fees, costs and expenses of enforcing any right of such prevailing party under or with respect to the IAB Terms and Conditions or the Strategus Provisions, including without limitation, such reasonable fees and expenses of attorneys and accountants, which shall include, without limitation, all fees, costs and expenses of appeals.
Warranty Disclaimer – Read Carefully!
THE SERVICES TO BE PROVIDED UNDER THIS AGREEMENT ARE FURNISHED AS IS, WHERE IS, WITH ALL FAULTS, AND WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE.
Damages Limitation – Read Carefully!
NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN ANY PROVISION OF THE IAB T&Cs, THE IO, OR THE STRATEGUS PROVISIONS, CUSTOMER AND STRATEGUS AGREE THAT STRATEGUS LIABILITY FOR ANY CLAIMS ARISING OUT OF THE BREACH OR NONFULFILLMENT OF THE IAB T&Cs, THE IO, OR THE STRATEGUS PROVISIONS SHALL BE LIMITED TO THE TOTAL PRICE LISTED IN THE SUMMARY AND THAT NEITHER PARTY SHALL BE ENTITLED TO RECOVER ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO ANY DAMAGES ON ACCOUNT OF LOST PROFITS, LOST OPPORTUNITIES, BUSINESS INTERRUPTION, OR DIMINUTION IN VALUE.
This Agreement and the rights of the parties hereunder shall be governed by and construed in accordance with the laws of the State of Colorado without giving effect to the principles of conflicts of laws. Any action brought by any party hereto shall be brought in the District Court for the City and County of Denver, Colorado. This Agreement, including the referenced terms and conditions, constitutes the entire agreement between the parties and supersedes any and all prior written and/or oral agreements. This Agreement may be altered or modified only by a writing signed by the parties.
In the event of a conflict between the IAB T&Cs and the Strategus Provisions, the Strategus Provisions shall control.