Commission & Clawback Terms
These Commission Terms form a legally binding schedule to your Agent or Agency Agreement with Newotion IT Solutions LTD.
1. Commission Entitlement Criteria
- Stage 1 Qualification: Payable once the prospect has been verified by our sales desk as an authentic trading hospitality enterprise with valid ownership.
- Stage 2 Go-Live: Payable once the customer completes installation, signs their subscription contract, and conducts verified live sales through the POS.
- Hardware Sales Bonus: Payable on net paid hardware purchases excluding shipping and sales taxes.
- Monthly Recurring Residual: Payable on a monthly schedule provided the referred venue maintains an active, non-delinquent subscription account.
2. Clawback Provisions
To safeguard against fraudulent referral activity or premature merchant churn, all upfront Stage 1 and Stage 2 commissions are subject to a 12-month pro-rata clawback provision:
- If a referred venue cancels their contract within months 1–6: 100% of upfront commissions paid are subject to recovery or offset against future earnings.
- If cancellation occurs within months 7–12: 50% pro-rata clawback applies.
- No clawback applies after 12 continuous months of verified subscription operation.
3. Payout Schedule & Minimum Threshold
Commission balances are settled monthly. Payments are disbursed on the final working day of each calendar month via direct bank transfer (BACS) once your approved account balance meets or exceeds the standard minimum payout threshold of £50.00.