Effective Date: 15 Of August, 2025
This Payment Terms Acknowledgment ("Acknowledgment") is entered into by and between Ventally Limited Liability Company, a corporation duly organized and existing under the laws of its jurisdiction, with its principal place of business in the State of Connecticut ("Ventally" or the "Company"), and the undersigned individual ("Listener"). Ventally and the Listener are hereinafter collectively referred to as the "Parties."
By executing this Acknowledgment, the Listener expressly affirms that they have thoroughly reviewed, fully understood, and voluntarily accepted the terms, policies, and procedures governing compensation and financial obligations applicable to their engagement as an independent contractor on the Ventally platform.
1. INDEPENDENT CONTRACTOR STATUS
1.1 The Listener acknowledges and agrees that their engagement with Ventally is that of an independent contractor. Nothing in this Acknowledgment shall be construed to establish an employment, agency, fiduciary, or partnership relationship between the Parties.
1.2 The Listener is solely and exclusively responsible for the reporting and payment of all applicable taxes, withholdings, levies, and other government-imposed charges related to the compensation received from Ventally.
2. PAYMENT STRUCTURE
2.1 Compensation is strictly performance-based and calculated according to the number and type of eligible sessions completed in accordance with platform standards, as verified by Ventally’s internal systems.
2.2 Ventally provides no assurance or guarantee of any minimum earnings, hours, or session volumes. Compensation is contingent upon verified service delivery and does not include retainers or guaranteed base pay.
2.3 All rates, bonuses, and incentive structures are subject to modification at the sole discretion of Ventally, with reasonable advance notice provided through written communication or platform alerts.
3. ELIGIBILITY FOR PAYMENT
3.1 The Listener shall only be entitled to payment for sessions that are fully compliant with Ventally's quality standards, technical protocols, and behavioral expectations, and which have been properly recorded and verified.
3.2 Sessions that are incomplete, cancelled, disputed, or fail to meet platform requirements may be withheld from payment eligibility, subject to further investigation or clarification.
3.3 Payment shall not be issued for any session during which the Listener has violated platform rules, provided inadequate service, or failed to uphold professional obligations, as determined solely by Ventally.
3.4 In instances of misconduct, fraud, misrepresentation, or willful breach of this Acknowledgment or related agreements, the Listener shall forfeit all rights to pending or accrued compensation, and Ventally shall be entitled to recover any overpayments or unearned disbursements by offset or other lawful means.
4. PAYMENT TIMING AND METHOD
4.1 Payment disbursements shall be processed through authorized third-party providers (e.g., Stripe, PayPal, ACH), on a recurring basis as outlined in the Listener’s dashboard or official communication.
4.2 The Listener bears the responsibility to maintain current, accurate, and secure payment credentials. Ventally shall not be held liable for any failed, delayed, or misdirected payments resulting from user error.
4.3 The Listener shall bear any applicable transaction fees, processing charges, foreign exchange deductions, or platform-imposed service costs associated with payment receipt.
5. DISPUTES AND RECONCILIATION
5.1 Any discrepancies or concerns regarding payment must be reported in writing to Ventally within seven (7) calendar days from the issuance date of the disputed transaction. Claims submitted beyond this period are irrevocably waived.
5.2 The Listener agrees to cooperate fully with any investigation, audit, or review initiated by Ventally relating to financial activity, and to furnish any requested records, logs, or documentation as reasonably required.
5.3 Ventally may, in its discretion, suspend or withhold payments during investigations of suspected errors, irregularities, or misconduct.
5.4 Any claim for missing, delayed, or unpaid compensation must be submitted no later than ninety (90) calendar days from the date payment was due. After such period, the claim is permanently barred.
6. NON-CIRCUMVENTION AND NON-SOLICITATION
6.1 The Listener shall not accept, solicit, or facilitate payments, gifts, or monetary benefits from any user of the platform outside of the official payment infrastructure.
6.2 Any attempt to bypass Ventally’s payment system, whether directly or indirectly, constitutes a material breach of this Acknowledgment and may result in immediate suspension, termination, and potential legal liability.
7. MODIFICATION AND TERMINATION
7.1 Ventally reserves the right to revise, update, or modify its compensation policies, including but not limited to rates, timing, qualification criteria, and incentive structures, with reasonable prior notice.
7.2 Upon termination of the Listener’s access to the platform, payment shall only be issued for fully completed and verified sessions delivered before the effective termination date. No compensation shall be due for any session canceled or invalidated due to breach.
8. GOVERNING LAW AND DISPUTE WAIVER
8.1 This Acknowledgment shall be governed by and construed under the laws of the State of Connecticut, without regard to conflict of laws principles.
8.2 The Parties expressly waive any right to initiate or participate in class, collective, or representative actions in relation to any dispute arising out of this Acknowledgment. All disputes shall be resolved individually through the applicable dispute resolution procedures.
8.3 Any arbitration or legal proceeding arising from this Acknowledgment shall be conducted in Connecticut, where Ventally maintains its principal place of business. The Listener irrevocably consents to such venue and also agrees to comply with the applicable laws of their state of residence, where relevant. The Listener waives objections based on forum non conveniens.
9. RIGHT TO SUSPEND PAYMENTS
9.1 Ventally retains the right to suspend or withhold any disbursements during the pendency of any investigation related to platform violations, fraud, abuse, or operational irregularities linked to the Listener’s activity.
9.2 Such withholding is precautionary and shall not be interpreted as a finding of guilt or liability on the part of Ventally. Payment shall resume or be adjusted once the matter is resolved.
10. LIMITATION OF LIABILITY
10.1 Ventally shall not be liable for any indirect, incidental, consequential, or punitive damages, including but not limited to lost profits, delays in payment, or technical malfunctions of external payment processors.
10.2 In no event shall Ventally’s aggregate liability exceed the verifiable amount of unpaid compensation due under this Acknowledgment, based on valid and documented activity within the preceding ninety (90) days.
ACKNOWLEDGMENT AND SIGNATURE
By signing below, the Listener affirms that they have reviewed and understood the foregoing Payment Terms Acknowledgment, and agrees to be legally bound by its terms as a condition of continued participation on the Ventally platform.