Freeworld Trade Partnership Agreement and Terms of Use for Trading Software Products
This Partnership Agreement is entered into as of [26-05-2025] (“Effective Date”) between Freeworld Trade, a LLC with its principal place of business at freeworldtrade.shop, and You, the Developer or merchant of the trading software programs.
- Purpose
The purpose of this Agreement is to establish a partnership whereby Freeworld trade is granted non-exclusive rights to promote and sell Developer’s trading software products, including but not limited to Expert Advisors (EAs), indicators, scripts, and utilities (“Products”), on Freeworldtrade.shop in exchange for a commission of 10–12% per sale, while Developer retains full ownership and intellectual property rights to the Products.
- Grant of Rights
2.1. Non-Exclusive License: Developer grants Us a non-exclusive, non-transferable license to market, promote, and sell the Products on our website to end-users (“Customers”) worldwide, subject to the terms of this Agreement.
2.2. Ownership: Developer retains all rights, title, and interest in the Products, including all intellectual property rights (e.g., copyrights, trademarks, source code). We acknowledges that it does not acquire any ownership rights to the Products.
2.3. Product Delivery: Developer shall provide Us with necessary files, or access to demo versions of the Products for promotion and sale. For EAs, Developer shall provide a licensing mechanism (e.g., unique license keys) to ensure compliance with MetaTrader 5 (MT5) activation requirements, if applicable.
- Commission Structure
3.1. Commission Rate: Us shall receive a commission of 10–12% of the net sale price (excluding taxes, fees, or discounts) for each Product sold through Our website. The specific commission rate (within 10–12%) shall be agreed upon for each Product and documented in Schedule A.
3.2. Payment Terms: We shall pay the Developer the commission within 10 business days of the end of each calendar month for all verified sales made during that month. Payments shall be made via [e.g., PayPal, bank transfer, or MQL5 account top-up] to your designated account.
3.3. Sales Tracking: We shall provide a unique identifier (e.g., referral link, customer code) for each sale to track purchases. Developer shall verify sales and provide a monthly report detailing the number of Products sold, sale prices, and commissions owed.
- Responsibilities
4.1. Our Responsibilities:
- Promote the Products on Our website through detailed descriptions, backtest results, screenshots, videos, or demo links.
- Provide first-line customer support for inquiries related to product promotion and sales (e.g., demo access, installation guidance).
- Ensure all promotional materials comply with Developer’s branding guidelines and do not misrepresent the Products’ functionality or performance.
- Process payments from Customers securely via Reseller’s payment gateway (e.g., Stripe, PayPal) and remit the Developer’s share (88–90% of the sale price) within 7 business days of receipt.
- Provide Customers with up-to-date Product files, documentation, demo versions, and licensing mechanisms (e.g., license keys for EAs).
4.2. Developer Responsibilities:- Handle technical support for Customers post-purchase, including issues related to Product functionality, licensing, or MT5 integration.
- Maintain the Products’ quality and ensure compatibility with the latest MT5 versions.
- Verify sales and pay commissions promptly as per Section 3.2.
- Pricing and Sales
5.1. Pricing: Developer shall set the retail price for each Product, and We shall sell the Products at these prices unless otherwise agreed in writing. We may offer limited-time discounts with Developer’s prior approval.
5.2. Taxes and Fees: We are responsible for collecting and remitting any applicable sales taxes or transaction fees. Developer is responsible for any taxes on their share of the revenue.
5.3. Refunds: We shall handle refund requests in accordance with its refund policy, notifying Developer of any refunds issued. Commissions for refunded sales shall be deducted from the next payment cycle.
- Intellectual Property and Confidentiality
6.1. Intellectual Property: We shall not modify, reverse-engineer, decompile, or distribute the Products beyond the scope of this Agreement without Developer’s written consent.
6.2. Confidentiality: Both Parties agree to keep confidential any proprietary information shared under this Agreement, including but not limited to Product source code, sales data, and customer information, except as required by law.
- Term and Termination
7.1. Term: This Agreement shall commence on the Effective Date and continue until terminated by either Party.
7.2. Termination: Either Party may terminate this Agreement with 30 days’ written notice. Upon termination, Reseller shall cease selling and promoting the Products and return or destroy any Product files or license keys provided by Developer.
7.3. Post-Termination: Developer shall pay any outstanding commissions for sales made prior to termination within 30 days of the termination date.
- Representations and Warranties
8.1. Developer represents that they have full rights to license the Products to Us for sale and that the Products do not infringe on any third-party intellectual property rights.
8.2. We represents that it will promote and sell the Products in compliance with applicable laws and regulations, including consumer protection and data privacy laws.
- Indemnification
Each Party shall indemnify and hold harmless the other Party from any claims, damages, or liabilities arising from their breach of this Agreement or misrepresentation of the Products.
- Governing Law
This Agreement shall be governed by and construed in accordance with the laws of Lagos, Nigeria, without regard to its conflict of law principles.
- Miscellaneous
11.1. Amendments: This Agreement may only be amended in writing signed by both Parties.
11.2. Entire Agreement: This Agreement constitutes the entire understanding between the Parties and supersedes all prior agreements.
11.3. Dispute Resolution: Any disputes arising under this Agreement shall be resolved through good-faith negotiation or, if necessary, mediation in Nigeria.
Example: Product and Commission Details
Product NameRetail PriceCommission RateNotes[Robo Liqui][$100][10%][Gold trading EA, demo available][Quantum Queen][$150][12%][Scalping EA, license key required][Add more products as needed][][][]
