Terms & Conditions
Unless otherwise specifically agreed to in writing by MBuy, these Standard Advertising Terms and Conditions ("Terms ") shall govern any and all media buys, which include but are not limited to, insertion orders ("IO"), requests for pricing, and the MBuy Authorization agreement(s) ("MBA"). The submission of an executed IO or an MBA shall be deemed consent to the Terms set forth below. Each IO and/or MBA shall, except to the extent it expressly provides to the contrary, be deemed to incorporate these Terms and, together with them, may be referenced herein or therein as the "Agreement". Agents for one or more third parties are deemed to have agreed to ensure that each third party complies with these Terms as if each third party was the Agent. Each Agent represents that he/she/it has the authority to bind itself and each third party it represents to these Terms.
1.1 “Ad” or “Advertisement” means any means any print, television, radio, out of home, and transit advertising, and shall also include digital ad placements, banners, pop-unders, pop-ups, lead generation interactions, interstitials or email content, and any other display of content provided by Agency on behalf of an Advertiser.
1.2 “Advertiser” means the individual or entity whose product or service is the subject of the Ad.
1.3 “Advertiser-Agency” means the third-party Agency that is listed as the agent for Advertiser under an applicable IO and/or MBA.>
1.4 “Advertiser-MBuy” means an advertiser that is submitting IOs directly to MBuy, without the use of an Agency.
1.5 “Advertiser-Agency/MBuy” refers to, as applicable, Advertiser-Agency or Advertiser-MBuy.
1.6 “Advertising Materials” includes any and all information, copy, graphics, artwork, logos, trademarks, active URLs or other material provided by Advertiser or authorized by Advertiser for dissemination in the course of an Advertisement, including, but not limited to, a campaign consisting of multiple media buys (multiple Advertisements shall also collectively be called a "Campaign"), together with any content or materials on any Network Properities, whether or not visible or otherwise apparent to a visitor.
1.7 “Affiliate” means, as to an entity, any other entity directly or indirectly controlling, controlled by, or under common control with, such entity.
1.8 “Agency” means the advertising agency listed on the applicable IO and/or MBA, where said agency is not MBuy.
1.9 “Agreement” means the Terms, the IO and, if applicable, the MBA.
1.10 “CPA Deliverables” means Deliverables sold on a cost per acquisition basis.
“CPC Deliverables” means Deliverables sold on a cost per click basis.
1.12 “CPL Deliverables” means Deliverables sold on a cost per lead basis.
1.13 “CPM Deliverables” means Deliverables sold on a cost per thousand impression basis.
1.14 “Deliverable” or “Deliverables” means the inventory delivered by MBuy (e.g., impressions, clicks, or other desired actions).
1.15 “IO” means a mutually agreed insertion order that incorporates these Terms, under which MBuy will deliver Ads either as direct buys or programmatic buying platforms for the benefit of Agency or Advertiser.
1.16 “Makegoods”, where applicable, additional ad impressions which are negotiated in order to make up for the shortfall of ads delivered versus the commitments outlined in the approved insertion order.
1.17 “Network Properties” means websites specified on an IO and/or MBA that are not owned, operated, or controlled by MBuy, but on which MBuy has a contractual right to serve Ads.
1.18 “Publisher” An individual or organization that prepares, issues, and disseminates content for public distribution or sale via one or more media.
1.19 “Representative” means, as to an entity and/or its Affiliate(s), any director, officer, employee, consultant, contractor, agent, and/or attorney.
1.20“Site” or “Sites” means any inventory purchased on behalf of Agency or Advertiser, whether that be direct buys or programmatic buying platforms or traditional media purchases.
1.21 “Third Party” means an entity or person that is not a party to an IO and/or MBA; for purposes of clarity, MBuy, Agency, Advertiser, and any Affiliates or Representatives of the foregoing are not Third Parties.
1.22 “Third Party Ad Server” means a Third Party that will serve and/or track Ads.
2. ORDERS AND INVENTORY POLICIES AND PROCEDURES
2.1IO Details. As applicable, each IO submitted by Advertiser-Agency/MBuy will specify: (a) the type(s) and amount(s) of Deliverables; (b) the price(s) for such Deliverables; (c) the maximum amount of money to be spent pursuant to the IO; (d) the start and end dates of the campaign; and (e) the name and contact information for any Third Party Ad Server. Advertiser-Agency/MBuy shall include in each IO submitted any reporting requirements (targeting, placements, destination URL, impressions, etc.), any special Ad delivery scheduling, any Ad placement requirements, any specifications concerning ownership of data collected, and any other instructions or specifications that MBuy should consider when purchasing media under said IO. Notwithstanding the foregoing, MBuy has the right to collect and use aggregate data for its business purposes.
2.2Availability of Inventory. MBuy will make commercially reasonable efforts to notify Advertiser-Agency/MBuy within two (2) business days of receipt of an IO signed by Advertiser-Agency/MBuy if the specified direct or programmatic inventory is not available. Acceptance of the IO and these Terms will be deemed the earlier of (a) written approval of the IO by MBuy and Agency (which, unless otherwise specified, for purposes of these Terms, will include paper, fax, or e-mail communication), or (b) the display of the first Ad impression by MBuy, unless otherwise agreed upon in the IO.
2.3 Revisions. Revisions to accepted IOs must be made in writing and acknowledged by Advertiser-Agency/MBuy in writing before they become binding.
3.1Submission of Ad Materials. Advertiser-Agency/MBuy will be responsible for submitting all Advertising Materials to MBuy.
3.2Acceptance of Advertising Materials. Acceptance of all Advertising Materials is subject to review and approval by MBuy and/or the Third-Party Ad Server and/or the Publisher. Unless an insertion order or written instructions that clearly states which advertisement should run is received by the Advertising Materials closing date for advertisements under contract or unless specified in the Advertising Materials, the previously run advertisement will be repeated. If no prior Advertisement is available, MBuy will run a house advertisement and Advertiser will be responsible for the cost of the original insertion order.
3.3Specifications. These Terms and the IO are final as to the size, shape, color, length placement, and/or any other attributes of the Advertisement Material(s) as set forth above. All changes thereafter must be approved by MBuy by the Ad space closing deadline and a new IO must be signed. MBuy will not be bound by any condition appearing on IO/contracts or copy instructions submitted by or on behalf of the Advertiser-Agency/MBuy, when such condition conflicts with the Terms and is not signed by MBuy.
3.5Late Creative. If Advertising Materials are not received by the IO start date, MBuy will charge Advertiser-Agency/MBuy on a pro rata basis the fee specified on the IO, calculated based on the duration of the full running of the IO, excluding portions consisting of performance-based, non-guaranteed inventory, for each full day the Advertising Materials are not received. If Advertising Materials are late based on the Policies, MBuy is not required to guarantee full delivery of the IO. MBuy and Agency will negotiate a resolution if MBuy has received all required Advertising Materials in accordance with Section 5.1 but fails to commence a campaign on the IO start date.
3.6Ad Tags. Notwithstanding the foregoing, when applicable, Third Party Ad Server tags will be implemented so that they are functional in all aspects.
3.7 Advertising Material Deadline. All appropriate Advertising Material must be provided in electronic format as outlined in the 2009 AASM Media Guide with accompanying high resolution proof by the ad materials deadline.
3.8Incorrect Ad Materials and Ad Runs. MBuy is not responsible for incorrect ad materials run when Ad Materials or instructions are not received by the Ad Material deadline. MBuy does not make corrections to Ad artwork. All Ad artwork must be submitted in final format. MBuy will not be held responsible for incorrect ad sizes or incorrect copy in artwork that is submitted from a previous placement. MBuy is not responsible for clerical errors, nor will any credits be given for advertising errors not reported after the first issue in which the ad is published.
3.9Ad Placement. MBuy is not responsible for Ad placements near competing products unless a prior agreement has been made in writing between MBuy and Advertiser-Agency/MBuy. MBuy is not responsible for the final reproductive quality of any materials that do not meet the defined specifications of the vendor.
4.AD PLACEMENT AND POSITIONING
4.1Compliance with IO. MBuy will comply with the IO, including all Ad placement restrictions, and, will create a reasonably balanced delivery schedule. MBuy will complete media buys and provide, within the scope and specifications of the IO, and Ads on the Site specified on the IO that will display when such Site is visited by an Internet user or specific audience. Any exceptions will be approved by Agency in writing.
4.2 Changes to Site(s). MBuy will use commercially reasonable efforts to provide Advertiser-Agency/MBuy at least 10 business days prior notification of any material changes to each Site that would materially change the target audience or materially affect the size or placement of the Ad specified on the applicable IO or, if MBuy does not receive notification until after the foregoing described material change occurred, MBuy will notify Advertiser-Agency/MBuy within 5 business days of it being notified that the foregoing material change to a Site has occurred. Should such a modification occur after MBuy has provided notice to Advertiser-Agency/MBuy that a material change is going to occur to each Site, then Advertiser-Agency/MBuy’s sole remedy for such change will be the right to cancel the remainder of the affected placement without penalty, provided Advertiser-Agency/MBuy cancels the affected placement within fiftteen (15) days of receipt of notice of the material change from MBuy. If MBuy has failed to provide Advertiser-Agency/MBuy with notification of a material change to each Site before the material change to the Site(s) occurs, then Advertiser-Agency/MBuy’s sole remedy will be the right to cancel the affected placement effective the date of the material change to each Site, provided Advertiser-Agency/MBuy cancel the affected placement within thirty (30) days of the modification of each Site taking effect. Advertiser-Agency/MBuy will be entitled to a refund of any prepaid fees based upon the effective date of cancellation of the affected Ad.
5.1.Confirmation of Campaign Initiation. MBuy will, within two (2) business days of the start date on the IO, provide confirmation to Agency, either electronically or in writing, stating whether the components of the IO have begun delivery.
5.2MBuy Reporting. If MBuy is serving/managing the campaign, MBuy will make reporting available, either electronically or in writing, unless otherwise specified on the IO. Reports may be broken out and summarized by creative execution, content area (Ad placement), impressions, clicks, spend, and other variables as may be defined on the IO (e.g., keywords).
5.3.Makegoods for Reporting Failure. If Advertiser-Agency/MBuy informs MBuy that it has delivered an incomplete or inaccurate report, or no report at all, MBuy will have five (5) business days upon receipt of notice to cure the deficiencies in the report (“Report Cure Period”). If MBuy fails to deliver an accurate and complete report within the Report Cure Period, Agency may initiate makegood discussions.
6. THIRD PARTY AD SERVING AND TRACKING (Only Applicable if Third Party Ad Server is used)
6.1 Although MBuy uses commercially reasonable efforts to provide Advertiser-Agency/MBuy with accurate and up-to-date reports on Advertiser-Agency/MBuy’s ad campaigns, MBuy is dependent upon third parties (such as the Publishers) for components of the reports made available to Advertiser-Agency/MBuy, and such third parties do not always provide their reporting components to MBuy in a timely or error-free manner. MBuy updates the reports made available to Advertiser-Agency/MBuy via MBuy’s platform several times a day; however Advertiser-Agency/MBuy acknowledge that such reporting is not provided to Advertiser-Agency/MBuy in real-time. To account for corrections and updates that may be provided to MBuy by Publishers from time-to-time, MBuy employs a 48 hour look-back period in which MBuy may make adjustments or updates to Advertiser-Agency/MBuy’s reports. Therefore, reports will not be deemed final until 48 hours after such reports are first made available to Advertiser-Agency/MBuy (Final Reports), and Advertiser-Agency/MBuy should not rely on any reports issued prior to the Final Reports.
7. FEES; INVOICES; PAYMENT (Advertiser-Agency, Advertiser-MBuy and Publisher)
7.1Fees. A completed and duly signed IO guarantees advertising rates for the period identified in the IO.
7.2Planning Fees. If MBuy’s services are requested for strategy/media planning where no media execution occurs, an FTE rate is applied, as follows: Director+ at $125/hour and Account Manager/Lead at $80/hour.
7.3 Payments from Advertiser-Agency or Advertiser-MBuy. Advertiser-Agent/MBuy is directly liable to both MBuy and the relevant advertising medium/publisher for the cost of and expenses related to all media buys and related purchases. Unless alternate arrangements are agreed to in writing, payment to MBuy must be received in full prior to final media placement. In the event Advertiser-Agency/MBuby fails to make payment, MBuy in its sole and absolute discretion may discontinue or suspend or cancel all advertising or a particular advertising campaign from the Advertiser-Agency/MBuy until payment is received in full. For accounts that are not prepay or for services or products provided that were not prepaid, invoices will be sent by MBuy upon completion of and/or the delivery of the Deliverable, or within 30 days of completion of the IO. Invoices will be sent to the billing address as set forth on the IO and will include reference information reasonably specified and requested by Advertiser-Agency/MBuy. For those accounts that are not prepay accounts, Advertiser-Agency/MBuy will make payment within 30 days from its receipt of each invoice (“Invoice Due Date”). Advertiser-Agency will be responsible for the payment of all invoices by the Invoice Due Date regardless of whether or not it has been paid by Advertiser.
7.4 Invoices to MBuy. Payment from MBuy for media invoices shall not be due until after MBuy receives payment from the Advertiser-Agency or Advertiser-MBuy for said media buy.
7.5 Application of Payment. All payments received and/or paid through or by MBuy shall be applied only to the designated MBuy purchase order, regardless of whether or not Advertiser-Agency/MBuy has a previous outstanding balance for one or more media buys or services.
8.CANCELLATION AND TERMINATION
8.1 Upon execution of the media buy between MBuy and the advertising medium/publisher, MBuy has fully performed its obligation to purchase media on behalf of Advertiser-Agency/MBuy. As the obligation has been fulfilled at time of the media purchase, the payment cannot be cancelled or refunded for any reason and Advertiser-Agency/MBuy acknowledges that MBuy has performed its obligations in full.
8.2 Termination Without Cause.
8.2.1 By MBuy: MBuy may cancel this Agreement without cause and without cost with 14 days’ prior written notice to Advertiser-Agency/MBuy.
8.2.2 By Advertiser-Agency/MBuy: Unless designated on the IO as non-cancelable, Advertiser may cancel the entire IO, or any portion thereof, as follows: (a) with 14 days’ prior written notice to MBuy, without penalty, for any guaranteed Deliverable, including, but not limited to, CPM Deliverables (for clarity and by way of example, if Advertiser-Agent/MBuy cancels the guaranteed portions of the IO eight (8) days prior to serving of the first impression, Advertiser-Agent/MBuy will only be responsible for the first six (6) days of those Deliverables); (b) with seven (7) days’ prior written notice to MBuy, without penalty, for any non-guaranteed Deliverable, including, but not limited to, CPC Deliverables, CPL Deliverables, or CPA Deliverables, as well as some non-guaranteed CPM Deliverables; and (c) with 30 days’ prior written notice to MBuy, without penalty, for any flat fee-based or fixed-placement Deliverable, including, but not limited to, roadblocks, time-based or share-of-voice buys, and some types of cancelable sponsorships.
8.2.3 Effect of Termination. Advertiser-Agency/MBuy will remain liable to MBuy for amounts due for any custom content or development (“Custom Material”) provided to Advertiser-Agency/MBuy or completed by MBuy or its third-party vendor prior to the effective date of termination. For IOs that contemplate the provision or creation of Custom Material, MBuy will specify the amounts due for such Custom Material as a separate line item. Advertiser-Agency/MBuy will pay for such Custom Material within 30 days from receiving an invoice therefore.
8.3 Termination For Cause.
8.3.1 By Either Party. Either MBuy or Agency-Agent/MBuy may terminate an IO at any time if the other party is in material breach of its obligations hereunder, which breach is not cured within 10 days after receipt of written notice thereof from the non-breaching party, except as otherwise stated in these Terms with regard to specific breaches. Additionally, if Advertiser-Agency/MBuy breaches any of its obligations under the Agreement three (3) times and receives timely notice of each such breach, even if Advertiser-Agency/MBuy cures each such breach, MBuy may terminate the IO or placements associated with such breach upon written notice. If Agency- Advertiser/MBuy does not cure a violation of the Agreement within the applicable 10-day cure period, then MBuy may terminate the IO and/or placements associated with such breach upon written notice.
8.3.2 Effect of Termination. MBuy will be obligated to refund any prepaid fees paid for any IO or placements that were in violation of the Agreement. Agency-Agent/MBuy will not be entitled to any refund of prepaid fees and will be obligated to pay in full the fees for all IOs or placements. Short rates will apply to cancelled buys to the degree stated on the IO.
9. PROPRIETARY RIGHTS; INFORMATION; INTELLECTUAL PROPERTY RIGHTS
9.3 Ownership; MBuy Platform. MBuy at its sole discretion and subject to Advertiser-Agency/MBuy compliance with the terms and conditions of this Agreement, MBuy may grant to Advertiser-Agency/MBuy a non-exclusive, nontransferable, nonsublicensable license to access and use, by means of a web browser and unique password, the MBuy platform solely in connection with accessing and generating customized reporting related to Advertiser-Agency/MBuy advertising campaigns. Advertiser-Agency/MBuy acknowledges that the license set forth above conveys no title or ownership rights to the MBuy platform. MBuy retains all right, title and interest in and to the MBuy Services, the MBuy platform, and all information displayed within the MBuy platform, including without limitation, all trademarks, service marks, logos and content, together with all intellectual property rights thereto. Advertiser-Agency/MBuy may not modify, reproduce, copy, reverse engineer, decompile, reverse assemble or otherwise attempt to discover the source code or algorithms for the MBuy platform or the MBuy services. Advertiser-Agency/MBuy may not rent, sell, sublicense, assign, or otherwise transfer Advertiser-Agency/MBuys right to access and use the MBuy platform or the MBuy services. Advertiser-Agency/MBuy agrees that Advertiser-Agency/MBuy will not use any device, software or routine to interfere with the proper working of the MBuy platform or the MBuy services. Advertiser-Agency/MBuy further agrees that Advertiser-Agency/MBuy will not use any automated means, including, without limitation, agent, robots, scripts or spiders to access Advertiser-Agency/MBuy account or to monitor or copy the MBuy platform or the MBuy services, or any component thereof.
9.4 Password; Access to MBuy Platform. At MBuy’s sole discretion, MBuy may grant Advertiser-Agency/MBuy a password to the MBuy platform, which Advertiser-Agency/MBuy will then be solely responsible for maintaining the confidentiality of Advertiser-Agency/MBuy user name and password, and for all activities that occur under Advertiser-Agency/MBuy user name and password. Advertiser-Agency/MBuy is solely responsible for all third party access to Advertiser-Agency/MBuy MBuy account by any person, whether authorized or not, unless unauthorized access was caused by MBuy’s willful misconduct or gross negligence. If Advertiser-Agency/MBuy becomes aware of any unauthorized use of Advertiser-Agency/MBuy account or password, Advertiser-Agency/MBuy agrees to provide MBuy with written notice via email to accounts@MBuy.com as soon as possible so that MBuy can suspend use of Advertiser-Agency/MBuy account and password until a new password is issued.
9.5 For the purpose of performing this Agreement, Advertiser-Agency/MBuy hereby grants MBuy a limited, non-exclusive, royalty-free, world-wide right and license to market, to use, market, display, publish, perform, transmit distribute and or authorize the use of any content, marks, logos, trade dress or Advertising Material for the purpose of executing or performing the terms of this Agreement on its network or any third-party network or website(s) or throughout the MBuy Inventory.
9.6 Trademark Usage. MBuy, on the one hand, and Advertiser-Agency/MBuy, on the other, will not use the other’s trade name, trademarks, logos, or Ads in any public announcement (including, but not limited to, in any press release) regarding the existence or content of these Terms or any IO without the other’s prior written approval. Neither party shall use, display, or modify the other party's logos, trademarks or trade dress in any Advertisement or any related Advertising Materials in any manner without the prior written consent of the other party.
9.7 Advertiser-Agency/MBuy will remain at all times the owner of its Advertising Materials and all intellectual property rights therein, and MBuy will not acquire any interest therein by reason of any this Agreement. These Terms do not affect or modify ownership interest in Advertising Materials between Advertiser and Agency.
9.8 Reservation of Rights. Each party reserves all rights not expressly granted hereunder.
10.1 Advertiser-Agency/MBuy will keep the existence and terms of any I/O or MBA it enters into confidential and shall not publish any press release or make any other public announcement with respect hereto without the prior written consent of MBuy. Advertiser-Agency/MBuy will not use any confidential information of MBuy, which includes the terms of any I/O or MBA, except solely for the purposes contemplated by the I/O or the MBA and will refrain from disclosing such confidential information to any third party unless such disclosure is necessary and permitted in connection with Advertiser-Agency/MBuy's obligations or exercise of its rights under this Agreement or otherwise by agreement between the parties. If disclosure of such confidential information is required by applicable law, Advertiser-Agency/MBuy and/or Publisher/advertising medium will (a) promptly notify MBuy so as to afford MBuy a reasonable opportunity to seek an order or other appropriate relief for the protection of its confidential information from any unauthorized use or disclosure, (b) cooperate with MBuy in any effort it may wish to undertake to obtain such relief, and (c) only disclose so much of such confidential information as it is advised by counsel in writing is necessary to comply with applicable law and avoid sanctions. For purposes of this Agreement, "confidential information" is any proprietary or confidential information of MBuy that is identified as such by MBuy, or which Advertiser-Agency/MBuy should recognize by its nature as likely to be such, including without limitation, the terms of this Agreement (including pricing). The following information will not be deemed confidential: (w) information that is already known to Advertiser-Agency/MBuy, (x) information that is generally available to the trade, (y) information that is received by Advertiser-Agency/MBuy from another without any obligation to maintain its confidentiality, or (z) information that is subsequently developed by Advertiser-Agency/MBuy independent of confidential information belonging to the provider. Advertiser-Agency/MBuy and will return or destroy such Confidential Information upon demand and otherwise upon expiration of the terms of this Agreement, or any I/O or MBA.
11. REPRESENTATIONS AND WARRANTIES
11.1 Advertiser-Agency/MBuy Representations. Advertiser-Agency/MBuy represents and warrants at all times that (a) Advertiser-Agency/MBuy has all necessary right, power and authority to enter into this Agreement, or any I/O, and to grant the right and license to publish the Advertisements and all related Advertising Materials set forth herein pursuant to this Agreement, or any I/O, (b) the execution of this Agreement, or any I/O by Advertiser-Agency, and the performance of its obligations and duties hereunder, do not and will not violate any agreement to which Advertiser-Agency/MBuy is a party or by which it is otherwise bound; (c) the links contained in any Advertisement or Campaign are directed to the intended and agreed upon destination; (d) the Advertisements are accurate and complete, and are supported by competent and reliable prior substantiation in advance of their publication and dissemination, and are in compliance with all applicable federal, state, and local laws regarding deceptive trade practices, fair competition and consumer protection; (e) the Advertisements, the use and display thereof, and the content linked to and from the Advertisements, do not and will not: (i) infringe or violate the patents, copyrights, trademarks, rights of publicity, music performance or other music-related rights, or any other right of any third party, (ii) be misrepresentative, libelous, defamatory, or obscene, (iii) violate any applicable law or regulation, or (iv) advertise any unlawful product or service or the unlawful sale of any product or service; and (f) Advertiser-Agency/MBuy has the authority to authorize MBuy to act as its agent for the purpose of placing media buys or any other action required under any agreement between MBuy and Advertiser-Agency/MBuy.
11.2 MBuy Representations. MBuy makes no representation or warranty, express or implied, with respect to the subject matter hereof, including without limitation any media buys, Advertisement, Advertising Materials, the Network Properites, any Leads or their respective business practices, and expressly disclaims the implied warranties of merchantability or fitness for a particular use. In particular, and without limitation, MBuy makes no representation or warranty with respect to the quality or responsiveness of any Advertisement or any media buy.
11.3 Designation as Agent. Advertiser-Agency/MBuy designates and authorizes MBuy to act as its agent for the purpose of bidding on inventory, placing media buys or Advertisements on its behalf, and any other related purchases and performing all other actions required under any agreement between MBuy and Advertiser-Agency/MBuy. Advertiser-Agency/MBuy shall be deemed the principal for all such purchases.
12. LIMITATION OF LIABILITY; DISCLAIMER; INDEMNIFICATION
12.1 Lost Profits, Incidental and Consequential Damages. NEITHER PARTY SHALL BE LIABLE FOR ANY LOST PROFITS OR SPECIAL, INDIRECT, EXEMPLARY, CONSEQUENTIAL OR PUNITIVE DAMAGES, EVEN IF SUCH DAMAGES ARE FORESEEABLE AND WHETHER OR NOT THE OTHER PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
12.2 MBuy Limitation of Liability. EXCEPT AS IT RELATES TO MBUY’S INDEMNIFICATION OBLIGATIONS, MBUY’S ENTIRE LIABILITY HEREUNDER (OTHER THAN FOR THE PAYMENT OF FEES) SHALL IN ALL EVENTS BE LIMITED TO AN AMOUNT NOT TO EXCEED THE AMOUNT ACTUALLY PAID BY ADVERTISER-AGENCY/MBUY IN THE SIX (6) MONTHS PRIOR TO THE EVENT GIVING RISE TO A CLAIM.
12.3 Advertiser-Agency/MBuy Limitation of Liability. EXCEPT AS IT RELATES TO ADVERTISER-AGENCY’S/MBUY’S CONFIDENTIALITY AND INDEMNIFICATION OBLIGATIONS AND EXCEPT FOR THE AMOUNTS OWED ON UNPAID INVOICES, ADVERTISER-AGENCY’/MBUY’S ENTIRE LIABILITY HEREUNDER (OTHER THAN FOR THE PAYMENT OF FEES) SHALL IN ALL EVENTS BE LIMITED TO AN AMOUNT NOT TO EXCEED THE AMOUNT OWED BY ADVERTISER-AGENCY/MBUY IN THE SIX (6) MONTHS PRIOR TO THE EVENT GIVING RISE TO A CLAIM.
12.4 Disclaimer of Warranties. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, MBUY DOES NOT MAKE, AND IT SPECIFICALLY DISCLAIMS, ANY AND ALL REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION THE IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR USE
12.5 Advertiser-Agency/MBuy shall indemnify, defend and hold harmless MBuy and its affiliates, successors and assigns, and the members, shareholders, officers, directors, agents, distributors, franchisees and employees ("Released Parties") of any of them, from and against any and all liabilities, losses, expenses, damages and costs (including, without limitation, reasonable attorney's fees) that may at any time or from time to time be incurred by any of the Released Parties by reason of any third party claims, suits, actions, causes of action or proceedings arising out of any breach by the Advertiser-Agency/MBuy of any representation or warranty or other term or condition hereunder or, as a result of the products and services advertised in the Campaigns and the offer, sale, delivery, use and disposal thereof. Advertiser-Agency/MBuy shall defend any such claim, etc. with counsel of its choice, reasonably acceptable to the other party, which other party will reasonably cooperate in the defense of any such claim.
13.1 Insurance. Advertiser-Agency/MBuy shall at all times maintain insurance in at least the minimum amounts and coverages as are standard in its industry.
13.2 Entire Agreement. This Agreement, along with the executed I/O and/or MBA, sets forth the entire agreement between Advertiser-Agency/MBuy and MBuy and publisher/advertising medium and MBuy with respect to the subject matter hereof, and supersedes any and all prior agreements, understandings or undertakings with respect thereto. If an advertising agency, broker or other intermediary signs an I/O or MBA on behalf of Advertiser-Agency/MBuy, the agency thereby represents and warrants that it has full authority to bind Advertiser-Agency/MBuy to the terms of this Agreement and that it will ensure that Advertiser-Agency/MBuy complies with all such terms.
13.3 Assignment. Neither Advertiser-Agency/MBuy, nor publisher/advertising medium shall make any assignment of this Agreement, or any of its rights, benefits or obligations hereunder (including, without limitation, by way of merger or consolidation), without the prior written consent of MBuy and any purported assignment in violation hereof shall be void. In the event of a permitted assignment, this Agreement shall be fully binding upon, inure to the benefit of and be enforceable by the parties hereto and Advertiser-Agency/MBuy's successors and assigns.
13.4 Governing Law and Venue. Any agreements between MBuy and Advertiser-Agency/MBuy and between MBuy and publisher/advertising medium shall be governed by the laws of the State of Illinois, without giving effect to any principles that may provide for the application of the laws of another jurisdiction. The parties hereby consent to the jurisdiction of the state and federal courts located in Cook County, Illinois, with respect to any claim arising under or by reason of this Agreement. The Parties will not prosecute any action, suit, proceeding or claim arising under or by reason of this Agreement except in such courts.
13.5 Force Majeure. No party shall be responsible for any delay or failure to perform hereunder by reason of any technical failure or errors, network disruption, labor shortage or difficulty, act of god, war or civil disorder, governmental act or any other thing beyond its reasonable control.
13.6 Notice. Any notice required or permitted to be given to MBuy or Advertiser-Agency/MBuy or publisher/advertising medium shall be in writing and shall be delivered by courier to the contact person for that party specified on the I/O or MBA or, if none, the person signing the I/O on behalf of the party. All notices to MBuy shall be delivered to 444 North Michigan Avenue Chicago, IL 60611, and to Advertiser-Agency/MBuy at the address specified in the I/O or MBA, if none specified, then to the last known address of the Advertiser-Agency/MBuy.
13.7 Revisions. MBuy reserves the right to modify, amend or revise the Terms and Conditions at any time without notice. It is Advertiser-Agency/MBuy's and/or publisher/Advertiser-Agency/MBuy medium/vendor's responsibility to review the Terms and Conditions periodically in order to stay current on any modifications, amendments or revisions.
13.8 Conflicts In the event of any inconsistency between the terms of an IO and these Terms, the terms of the IO will prevail, if executed by MBuy.
13.9 Headings. Section or paragraph headings used in these Terms are for reference purposes only, and should not be used in the interpretation hereof.
13.10 Attorney’s Fees; Costs. The prevailing party will be entitled to recover its reasonable attorney’s fees and costs associated with any dispute involving or that arises out of this Agreement.
13.11Survival. Sections 7-13 will survive termination or expiration of these Terms.