Standard T&C's for Namibia Future Media Holdings (Pty) Ltd
1. FIRST-TIME CLIENTS
- First-time clients are required to complete a Vendor Application Form.
- Monthly advance payment is required for the first three months before 30-day credit terms can be considered.
- After this period, a credit assessment may be conducted. Credit terms will only be granted upon request and at the discretion of Namibia Future Media Holdings Pty Ltd.
2. VALUE ADDED TAX (VAT)
- All Rate Card pricing is exclusive of 15% VAT. VAT is itemized at the bottom of the Costing Estimate.
3. PROPOSAL VALIDITY
- Proposals are valid for 30 days from the date of issue, subject to availability.
- After this period, pricing and placements are subject to change.
4. BOOKING DEADLINES
- Booking deadline: 24 hours before broadcast, Monday to Friday.
- Final cut-off: 12h00 midday. Late bookings may not be accommodated.
- No bookings will be processed on Saturdays, Sundays, or Public Holidays.
5. AGENCY COMMISSION
- Agency commission is only applicable to registered advertising agencies with Namibia Future Media Holdings Pty Ltd.
- We reserve the right to verify agency status before awarding commission.
6. PURCHASE ORDERS
- Where applicable, valid purchase orders must be submitted in full prior to campaign commencement.
- Failure to provide a valid PO may delay or prevent the campaign rollout.
7. PRIZE MONEY
- All prizes or prize money related to campaigns must be delivered or paid in full at least three (3) working days before the campaign launch.
- Failure to do so may result in delays or the forfeiture of promotional elements.
8. CANCELLATION POLICY
- A cancellation fee may apply to confirmed bookings, including (but not limited to):
- Activations
- Interviews
- Long-term campaigns
- Cancellations must be submitted in writing.
- The client will be liable for any costs already incurred, including third-party bookings and production.
- Cancellation fees will be determined based on campaign stage, third-party involvement, and committed media platforms.
9. PAYMENT RESPONSIBILITY
- The undersigned accepts full responsibility for payment.
- If acting on behalf of an entity, the signatory confirms they are duly authorized and accepts liability should the entity default on payment.
10. JURISDICTION
- The client consents to the jurisdiction of the Magistrate’s Court, even if the claim exceeds the court’s monetary limit.
11. INTEREST ON OVERDUE ACCOUNTS
- Interest at 2.5% per month may be charged on all overdue invoices, accruing monthly on the outstanding balance until full settlement.
12. SUSPENSION OR TERMINATION
- Namibia Future Media Holdings Pty Ltd reserves the right to suspend or terminate any campaign in the event of non-payment or breach of agreement.
- All outstanding amounts will become immediately due and payable.
13. LEGAL ACTION
- Should an account remain unpaid for more than 14 days following written demand, the client consents to judgment being obtained in the Magistrate’s Court.
14. LEGAL & ADMINISTRATIVE FEES
- Accounts handed over to Namibia Future Media Holdings Pty Ltd’s Legal Collections Department will incur additional administrative and legal fees.
Should you have any questions about these Terms & Conditions, please contact your Account Executive directly.