BROKER RELATIONSHIPS

 

OUR MEMBERS

 

TERMS & CONDITIONS

Workville is committed to our broker partnerships. We keep you informed every step of the way, from the introduction to the tour to the membership. We invite you to visit our workspace before even bringing in clients, so you can experience the easy commute and experience working from our sunny offices.

Workville members enjoy our professional, friendly environment and our flexible, helpful management style. Member companies include major disruptors across all industries, satellite offices, and small business leaders. Workville attracts the best of the best. We look forward to working with you.

Subject to the terms and conditions of these rules, Workville will compensate individuals or entities for each qualified member introduction that leads to the execution of a Workville license.

A Qualified Introduction

Subject to this terms and conditions, for any entity (the “Introduced Entity”) to be considered a qualified introduction, such Introduced Entity (or the primary member of such Introduced Entity) must:

  • sign a membership agreement with a right of access to dedicated space or coworking at Worville no later that two (2) months from the date of Submission (as defined below);
  • not be current or previous members of Workville;
  • not have previously contacted Workville for a membership or attended a Worville hosted event or otherwise been submitted in the 60 days prior to your Submission;
  • not be (i) a subsidiary or an affiliate of the entity providing the introduction or (ii) an entity with the same parent entity as the entity providing the introducing; and
  • In the event an Introduced Entity is introduced more than once in a given city, we will honor the Submission we receive earliest for such city, unless an exclusive agreement exists between the Introduced Entity and one of the entities providing the introduction.

B Process

To be eligible to receive the fees (“Fee”) described in these rules, you must accept these terms and conditions. Introductions may be submitted by (i) registering a profile at workvillenyc.com/brokers, and entering all required information or (ii) contacting Workville Management providing:

  • Your first and last name or the first and last name of the primary contact for the entity with which you are affiliated;
  • Introduced Entity’s name;
  • Introduced Entity’s valid phone number;
  • Introduced Entity’s valid email address;
  • Introduced Entity’s city or cities of interest (you may specify up to 5 cities)

You must complete a separate Submission for each Introduced Entity. You may only complete a single Submission per potential member company that you would like to introduce. Incomplete Submissions will result in ineligibility from collecting Fees until a complete Submission is received. The Introduced Entity must have granted consent to you to fill out the Submission or initiate a written or verbal exchange about this matter and you must hold a good faith belief that the Introduced Entity desires to become a member of the Workville community.

Contact with Introduced Entity:

Following a complete Submission, we will contact the Introduced Entity confirming our receipt of the Submission unless otherwise instructed to contact you first. By agreeing to these terms and conditions, you hereby represent that you have obtained consent from the introduced Entity to send the Introduced Entity’s contact information to Workville for the purpose of participating in the Broker Partnership (“Partnership”) Program with Workville described in these Terms and Conditions. The Introduced Entity will have the opportunity to inform us that (a) it is not looking for an Workville membership and/or (b) it has not given authorization to you in connection with the introduction. If the Introduced Entity informs us that it has not given authorization to you, you will not be eligible for the Fee even if such Introduced Entity becomes a qualified introduction. If the Introduced Entity does not so inform us, you may continue to receive email communications.

You will have the opportunity to edit your contact information and bank account information at any time as well as check the status of pending, completed and expired introductions.

C Fee(s) & Payment Terms

Subject to these terms and conditions, Workville will pay you for qualified Introductions a Fee equal to the first full month’s license agreement value. To be eligible to receive a Fee, the License Agreement must be executed in full and be for a minimum 12 month period, the Introduced Entity must provide its full security deposit and Workville must receive an invoice from the Broker within 30 days of License Agreement being signed.

Payments ca be made via ACH/direct deposit (preferred) or check and completed within 30 days of invoice date. In the event that ANY entity introduced by you terminates its License Agreement prior to the Start Date specified within the License Agreement or fails its first month’s payment for any reason, the amount equal to the original Fee must be promptly returned to Workville within 14 days.

All Payment terms are listed here:

Agreement Type & Length Fee Payment Cycle
Shorter than 12 months
(includes month-to-month membership agreements):
Month 1-3 10% 1 upfront payment
Month 4-11 10% Paid Monthly
Month 12
(in the case of moth-to-month membership agreements only)
10% Paid monthly. Fees on month-to-month membership agreements cease at month 12
12 months or longer:
Month 1-12 10% 1 upfront payment
Month 13-36 2% Paid monthly, for up to 24 month

Subject to these terms and conditions, Workville will pay you for qualified introductions a Fee equal to a percentage of the membership fee agreed to in the initial membership agreement and paid in full by the Introduced Entity and received in full by Workville, in accordance with the Fee structure in the table below.

Client Default/Broker Strikes Brokers who introduce clients that either (a) fail to pay Workville the agreed upon Service Retainer when due or (b) fail to pay Worville the agreed upon monthly membership fee when due may receive a ‘Strike’ at the discretion of the Workville Broker Partnership Team. The Workville Broker Partnership Program maintains a “one-strike” policy, wherein if the Broker + Workville Management Team decides a broker has earned a Strike, commissions to that broker relating to the defaulting client will be withheld until the referred client-member clears any and all existing balances with Workville.

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By creating an account, you agree to our Broker Partnership Program Terms of Service