This is the first step to becoming an affiliate of ibiza-hotels and start earning revenue from reservations made from your website. Please read the agreement below and, if you are in agreement, click on the 'I agree' button below to set up your Affiliate Account. AGREEMENT: The following agreement is freely entered into by the server side represented by ibiza-hotels.com...and on the other by the owner of the website which will hereinafter be known as the 'affiliate' site, and whose contact details will be recorded in the next step. Both parties to this agreement warrant possession of adequate authority for intering into said agreement. Term: The term of this agreement is monthly from the date of becoming an affiliate, and shall be automatically renewed unless either of the parties announces express desire for termination at least 30 days prior to the renewal date. Definitions: Reservation: A reservation is formal request for accomodation in a hotel or establishment listed in ibiza-hotels.com which may or may not include additional services such as meals plans. The request must be accompanied by the required data of the client's credit card, and an authorization for the hotel or service providing establishment to charge the said credit card a confirmation deposit, in order to guarantee compliance with the reservation request. Commission: The commission is the percentage of the pre-tax cost of the reservation paid by the accomodations establishment for the use of the software known as the 'reservation engine'. Due date: The 15th day of the month following departure of the guest. Minimum amount: The minumum pay-out to be made by ibiza-hotels.com will be 100 Euros. Affiliate comissions which do not add up to at least 200 Euros wil accrue until the accrued sum reaches at least 100 Euros. Comission Amount: The amount of comission pay-out shall be equal to 5% of the pre-tax cost of all reservations generated form the affiliate site, once the total pre-tax affiliate sales minimum of 2,000 Euros has been reached. In the event that the total pre-tax affiliate sales of 1,000 Euros is not reached, ibiza-hotels shall have no obligation to any dispersements under this agreement.