This is a sample three-way Override Agreement for reference. An override only takes effect once all three parties have signed an executed copy. Reach out to support@capitalfleettracker.com to put one in place.
This Override Agreement (the “Agreement”) is a joint agreement among Capital Fleet Tracker (the “Company”) and two or more referral parties forming a referral chain — each Referring Party who makes an introduction and each Recruited Party who is introduced. The simplest chain has three parties (Company + a referrer + the recruit). Longer chains add tiers: a four-party chain has two referral tiers, and a five-party chain has three. It only takes effect when every party named below has signed.
List every party in the chain, top to bottom. A three-party chain uses the first two referral lines; four- and five-party chains add the lower tiers.
Each percentage above is that party's share of the same Net Revenue from the customers referred by the lowest party in the chain. The lowest (customer-referring) party's percentage is its revenue share; every party above it earns an override percentage, which diminishes the higher up the chain you go (see Section 4). The parties' percentages and the Company's retained share together total 100% of Net Revenue, so the figures filled in above must sum to 100%.
An override is a small additional share of the Net Revenue generated by the Recruited Party's own referrals, paid by the Company to the Referring Party as a thank-you for the introduction. It is separate from, and does not reduce, the Recruited Party's own revenue share.
Because an override connects every party in the chain, it cannot be created by any one party alone or by any party's individual partner agreement. It exists only under this Agreement, signed by the Company and every Referring and Recruited Party named above, together. Without every signature, no override is owed in any direction.
The Company will pay each Referring Party the override rate stated in the signed copy of this Agreement, calculated on the Net Revenue from the relevant Recruited Party's referred customers, for as long as those customers maintain a paid subscription. “Net Revenue” has the same meaning as in the parties' partner agreements: the amount a customer actually pays after any customer discount, less payment-processor or app-store fees.
Tiered, diminishing rates. In chains of four or more parties, the override rate decreases at each tier farther down the chain: each tier earns a fraction — by default one-half — of the rate of the tier directly above it. For example, on a 5% base override, the Tier 1 Referring Party earns 5% on its direct recruit's Net Revenue, the tier above that earns about 2.5%, and the next about 1.25%. Because each successive tier's share shrinks, the combined overrides across the whole chain stay well within the Company's margin — no single customer ever generates more total payout than the Company can sustain. The exact base rate, the decay between tiers, and the number of tiers are set in the signed copy of this Agreement.
Override amounts are calculated, accrued, and paid on the same monthly schedule and by the same methods as ordinary revenue share. If an underlying customer payment is refunded or charged back, the override attributable to it is reversed and deducted from a future payout, the same way revenue share is.
There is no fee to any party for entering into or maintaining this Agreement. As with everything in Capital Fleet Tracker, money only ever flows to the parties, never from them.
Each party is an independent contractor. Nothing in this Agreement creates an employment, agency, partnership, or joint-venture relationship among the parties.
This Agreement begins on the date the last party signs and continues until terminated by any party with thirty (30) days' written notice to the others. Overrides earned before termination on then-active customers will be honored per the Company's standard payout terms, subject to the refund and chargeback provision above.
This Agreement is governed by the laws of the State of Texas, without regard to its conflict-of-laws rules.
By signing below, all three parties agree to the terms of this Agreement. It is not effective until every signature is present.