STANDARD TERMS
- DESCRIPTION1.1 TravelPerk aggregates and displays a variety of business travel services offered by Travel Suppliers and provides its customers the opportunity to book and administer those services through its Platform.1.2 This Agreement shall govern all bookings for business travel services made by the Customer (through its Travellers) on the Platform (or via a TravelPerk support channel) for the duration of the Agreement.1.3 In these Terms capitalised terms shall have the meanings given to them in the Appendix.
- PLATFORM SERVICES2.1 TravelPerk will provide to Customer the Services selected by the Customer on the Platform or as may be indicated in the Order Form. Any terms and conditions set forth in this Agreement regarding each Service shall only be applicable to Customer to the extent that Customer has hired that specific Service. A description of the Services is set out in Schedule 1 below.2.2 TravelPerk will provide the Services:
- a) with reasonable skill and care; and
- b) in accordance with all laws and regulations.
- TRAVEL SUPPLIER SERVICESThe parties shall follow the required process and terms of the Travel Supplier for modification and cancellation of bookings. If a booking is refundable and Customer wants to modify or cancel a booking, TravelPerk will refund to Customer the corresponding booking charge less any applicable TravelPerk service fees. Information regarding such deductions shall be made available to Travellers via the Platform. Any refund(s) shall be applied to the original payment method for automatic payment methods or, for other payment methods, by discounting such charge from Customer’s next invoice or by credit note. Notwithstanding, if Customer has hired FlexiPerk, the specific terms of such Service shall apply.
- CUSTOMER RESPONSIBILITIES4.1 To benefit from the Services, Customer (through its Travellers) must create accounts.4.2 Customer shall be responsible for:
- a) its compliance with this Agreement;
- b) procuring that each account is unique to a specific Traveller;
- c) procuring that bookings for Trips are made and arranged by Travellers who are not under the age of 16, and that any children travelling on a relevant Customer booking are accompanied by an adult;
- d) procuring that Customer account credentials (i.e. logins/passwords) are kept safe and confidential;
- e) the quality, legality and accuracy of Customer and Traveller data uploaded to the Platform;
- f) promptly notifying TravelPerk if Customer discovers that the security of any Traveller access credential or integrated third party service may have been compromised;
- g) the integration and operation of any third-party service with which Customer uses or receives the benefit of the Services, including Customer’s compliance with the terms of such third-party service; and
- h) its compliance with all applicable laws and regulations.
- a) the Developer and Marketplace Terms shall apply (and shall be deemed incorporated automatically into this Agreement from the date and time that the Customer's access commences); and
- b) any exchange of data between Customer and any third-party product provider shall be solely between Customer and such provider.
- FEES5.1 Customer shall pay for all Services (and bookings shall be paid by Customer) in accordance with the fees and payment terms indicated through the Platform (or in any Order Form executed by TravelPerk and Customer),, and subject to the terms and conditions of this Clause 5 and Schedule 2 (which sets out the terms relevant to each payment method).5.2 TravelPerk will invoice Customer (and, where agreed to by TravelPerk, its Affiliate(s)) for all Services and bookings made during the applicable period. Customer acknowledges and understands that it shall remain responsible for the timely payment of all invoices, including any agreed by TravelPerk to be addressed to a Customer Affiliate. TravelPerk acknowledges that an Affiliate’s timely payment of an invoice will discharge Customer’s payment obligations under this Agreement (in respect of such invoice only). Customer confirms that its relevant Affiliates have been notified of the invoicing and payment terms indicated in the Order Form, together with these Terms and shall procure the Affiliates’ compliance with any terms that apply to it.5.3 If the Customer disputes any invoice, it must:
- a) promptly notify TravelPerk in writing, specifying the reasons for disputing the invoice;
- b) provide all evidence as may be reasonably necessary to verify such reasons for dispute;
- c) pay all amounts not disputed on the due date; and
- d) attempt to resolve the dispute reasonably, proactively and in good faith.
- INTELLECTUAL PROPERTY6.1 TravelPerk or its licensors own all intellectual property rights in the Platform and the Services. Except for Customer’s right to access and procure use of the relevant Service(s) for the benefits of itself and its Travellers, Customer is not granted any rights in or to TravelPerk’s intellectual property.6.2 Customer grants TravelPerk, its Affiliates and TravelPerk’s appointed representatives (worldwide) a limited term licence to host, copy, transmit and display (as appropriate) any Customer data strictly as required to deliver the Services. Such right shall extend to include (only where applicable) any Customer data obtained by TravelPerk (upon the instruction of the Customer) through a third-party service that is integrated with the Platform (typically through the TravelPerk Marketplace).6.3 Customer acknowledges and agrees that TravelPerk may freely use or exploit any feedback, suggestion or request that it provides in respect of the Services. Any intellectual property rights which come into existence because of the delivery by TravelPerk of the Services will be the exclusive property of TravelPerk or its licensors.6.4 Customer authorises TravelPerk to use Customer’s name, trademark, and logo (according to the designs and guidelines communicated by Customer to TravelPerk from time to time), solely for the purpose of identifying Customer as a customer of TravelPerk. Any further use of Customer’s name, trademark and logo for promotional purposes shall be subject to Customer’s prior written approval.6.5 TravelPerk will defend Customer (and to the extent relevant its Affiliate(s)) against any claim, demand or proceeding made or brought against Customer by a third party alleging that any Service infringes or misappropriates such third party’s intellectual property rights, and will indemnify Customer from, subject to the limits set out at Clause 8.5 (below), any damages, legal fees and costs finally awarded against Customer, or for amounts paid by Customer under a settlement approved by TravelPerk in writing. This indemnification undertaking shall be subject to the Customer providing TravelPerk with:
- a) prompt written notice of a relevant claim;
- b) sole control of the defence and settlement of the claim; and
- c) all its reasonable assistance.
- a) modify the Services so that they are no longer claimed to infringe or misappropriate;
- b) obtain a license for Customer’s continued use of that Service in accordance with this Agreement; or
- c) terminate the relevant Service and refund Customer any prepaid fees (in respect of any future period of supply).
- WARRANTIES7.1 Each party warrants, represents and undertakes to the other that:
- a) it has full capacity and authority to enter into this Agreement, to perform any of its obligations and to consummate all the transactions contemplated by this Agreement, and that no consent of any other person or entity is required by it to fully perform as contemplated by this Agreement.
- b) the person executing or accepting the terms of this Agreement is duly authorised to do so and (to the fullest extent possible under applicable law) waives its right to claim or subsequently rely on any argument that such person was not duly authorised to bind it to the terms of this Agreement.
- c) this Agreement will constitute its legal, valid, and binding obligations.
- d) it is not aware of any matters which might adversely affect its ability to perform its obligations under or in connection with this Agreement.
- a) its Services will always be available, or Customer’s use will be uninterrupted;
- b) it will have particular types of content or travel inventory available; or
- c) unless expressly stated otherwise in the Agreement, that Customer will be able to integrate the Services with those of a third party.
- LIABILITYWhere this Agreement is governed by Spanish or German law (see Clause 16), please note jurisdiction specific provisions, as per Clauses 17.2 and 17.4 below.]8.1 Each party shall be liable for wilful intent, fraud or theft by it or its employees; death or personal injury caused by its negligence or that of its employees; fraudulent misrepresentation and for any other liability that cannot by law be excluded or limited.8.2 TravelPerk is not liable for Travel Supplier acts or omissions. Once a travel service is booked (including any Element) and confirmed by TravelPerk, all terms and conditions of the Travel Supplier apply to the Customer. TravelPerk will not be liable for any breach, delay, default or deficiency of the services provided by the Travel Suppliers.8.3 Neither Customer or TravelPerk will have any liability arising out of or related to this Agreement for indirect, special, incidental, reliance or consequential damages or damages for loss of use, lost profits, or interruption of business, even if informed of their possibility in advance.8.4 Subject to Clause 8.1 and Clause 8.5, the aggregate liability of each party together with all its respective Affiliates arising out of or related to this Agreement shall not exceed the greater of:
- a) total amount paid by Customer hereunder for the Services giving rise to the liability in the twelve months preceding the first incident out of which the liability arose; or
- b) ten thousand euros (€ 10,000), (the General Cap). The General Cap will apply whether an action is in contract or tort and regardless of the theory of liability but will not limit Customer's payment obligations under Clause 5 (Fees) above.
- a) TravelPerk of Clause 6.1 (Intellectual Property) which leads to a claim, demand or proceeding made or brought against Customer (or a Customer Affiliate), and for which the Customer has recourse to the IP indemnity set out at Clause 6.5;
- b) either party (including any of its Affiliates) of Clause 10 (Confidential Information); or
- c) Customer of the Developer and Marketplace Terms (where applicable by reference to Clause 4.4), the aggregate liability of each party together (or solely TravelPerk, in respect of Clause 8.5) with all its Affiliates arising out of or related to the relevant incident (out of which the liability arose) shall not exceed the amount equivalent to three (3) times the value of the General Cap, up to a maximum liability of €50,000 (fifty thousand Euros).
- DATA PROTECTIONThe parties have considered the means and purpose of the data processing activity that is contemplated by the provision and receipt of Services under this Agreement and have put in place the data processing agreement at https://www.travelperk.com/legal/data-processing-agreement/ (the DPA). Customer acknowledges that, unless otherwise agreed in writing between the parties, the DPA is applicable to Customer and, where applicable, its relevant Affiliates and confirms that such Affiliates are aware of and agree to the DPA.
- CONFIDENTIAL INFORMATION10.1 Each party and its respective Affiliates (for the purposes of this Clause 10, each a Discloser) may disclose Confidential Information to the other party (for the purposes of this Clause 10, each a Recipient) in the context of the Services. Confidential Information shall be deemed to include information disclosed whether orally or in writing, that is designated as confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure. Confidential Information shall not include information which (i) is publicly available at the time of its disclosure; (ii) becomes publicly available (other than as a result of disclosure by the Recipient contrary to the terms of the present Clause); (iii) was lawfully in the possession of the Recipient free of any restriction as to its use or disclosure prior to its being so disclosed; (iv) was independently developed by the Recipient without any breach of the terms of this Clause; or (v) is required by law or regulator or by any court of competent jurisdiction to be disclosed.10.2 The Recipient shall: (i) keep the Confidential Information disclosed by Discloser private and confidential and not disclose any of it to any person other than to the persons who need to know the same for the arrangement of the Services, including, but not limited to Travel Suppliers; (ii) ensure that all persons to whom the Recipient discloses the Confidential Information (in accordance with this Clause) are informed of the terms of this Clause and that such persons are required, prior to disclosure: to observe the terms of this confidentiality Clause or are bound by no less restrictive terms than those contained herein; (iii) use the Confidential Information for the sole purpose of providing or receiving the Services stated in this Agreement; (iv) keep the Confidential Information and any copies thereof secure and in such a way so as to prevent unauthorised access by any third-party.10.3 If, for any reason, the Discloser requests in writing the return of the Confidential Information, the Recipient agrees to return as soon as reasonably practicable or confirm in writing that it has been destroyed. To the extent that such Confidential Information has been stored on the Recipients’ archive or back up electronic systems, the Recipient shall not be required to delete the Confidential Information but shall make reasonable efforts to have the Confidential Information deleted from such systems. The obligations of confidentiality set out in this Clause shall continue to apply in relation to any Confidential Information retained.
- TERM AND TERMINATION11.1 This Agreement shall be effective from the Effective Date and shall remain in force until it is terminated (the Term).11.2 Either party may terminate the Agreement without cause by giving the other party not less than thirty (30) calendar days’ notice in writing of its intent to terminate the Agreement.11.3 The Agreement may be terminated by either party by giving notice in writing:a) if the other party is in material breach and such breach is not remediable; orb) if the other party is in material breach and the breach is remediable, but the breach is not remedied within 14 days of being notified in writing of the breach; orc) the other party begins insolvency proceedings or becomes the subject of a petition in liquidation or any other proceeding relating to insolvency, liquidation, or assignment for the benefit of creditors or, in relation to the Customer, any analogous event in any relevant jurisdiction.
- EFFECTS OF SUSPENSION OR TERMINATION12.1 All payments due under the Agreement shall become payable on the suspension or termination date.12.2 All bookings made by the Customer or Affiliates prior to the suspension or termination will remain in full force and effect under this Agreement and subject to the terms and conditions of the Travel Supplier. Payment of such bookings will be made according to the terms of this Agreement.12.3 Upon termination, each party will, at the request of the other party, destroy or deliver up all marketing or promotional material bearing the logo of or any reference to the other party and all the other party’s proprietary and Confidential Information.12.4 Within thirty (30) days of termination, Customer will delete, remove and disable all links and access to all Services and notify its employees, Travellers and Affiliates. Such obligation shall not prevent the Customer utilising any Element confirmed as booked prior to the termination taking effect.
- ANTI-BRIBERY, ANTI-CORRUPTION, SANCTIONS COMPLIANCE13.1 Neither TravelPerk, nor any TravelPerk Affiliate, their respective directors, officers, employees or, to TravelPerk’s knowledge, agents or any other person acting on their behalf has directly or indirectly made any bribes, illegal payments, illegal political contributions, in the form of cash, gifts, or otherwise, or taken any other action, in violation of any applicable anti-bribery or anti-corruption law.13.2 The Services, including the technology on which they operate and any related software applications, may be subject to export control laws and sanctions of the United States, the European Union, the United Kingdom (collectively, Sanctions Authorities) and other jurisdictions. TravelPerk and Customer (on behalf of itself and its Affiliates) each represent that they are not: (i) targeted by sanctions administered by any Sanctions Authority; (ii) organized under the laws of or located in a country or territory targeted by comprehensive sanctions administered by any Sanctions Authority (each a Sanctioned Country); (iii) the government of a Sanctioned Country; or (iv) owned, controlled, or acting on behalf of any person or government described in (i), (ii), or (iii). Customer agrees that it shall not use or access, or permit any Traveller to use or access, the Platform or any Services from any Sanctioned Country.
- MISCELLANEOUS PROVISIONS14.1 This Agreement contains the entire agreement between the parties in relation to its subject matter and supersedes any prior arrangement, understanding, written or oral agreements between the parties in relation to the subject matter thereof.14.2 If any Clause under this Agreement is deemed null and void, it shall not be considered effective. Such a declaration of invalidity shall have no bearing on the rest of the Agreement, which will continue to be applicable and binding on the parties.14.3 The parties are each independent contractors, and shall not be deemed partners, franchisees, agents, joint ventures or legal representatives of each other, and neither party hereto is authorised to bind the other party or otherwise act in the name of or on behalf of the other party.14.4 There are no third-party beneficiaries under this Agreement.14.5 Notices may be delivered by email to the email-address indicated by Customer in signing up to the Platform or within the Order Form, and in the case of TravelPerk, to legal@travelperk.com.14.6 The Customer may not assign or transfer this Agreement, or any portion thereof, to any third party without TravelPerk’s express written consent (consent not to be unreasonably withheld). TravelPerk may assign or transfer this Agreement, by giving prior notice to Customer, to TravelPerk Affiliates, or any successor in connection with its merger or the sale of all or substantially all its assets.
- DISPUTE RESOLUTION15.1 The parties shall endeavour to resolve amicably and expediently any disputes arising from or relating to this Agreement. Where a party becomes aware that such a dispute has arisen, it shall notify the other party in writing of the dispute and any steps which it considers the other party should take to resolve it (such written notification comprising a Dispute Notice). Following the issue of a Dispute Notice, the parties shall convene promptly and in good faith for the purpose of resolving the dispute stated in the Dispute Notice (or any other matter reasonably related thereto). Should the parties fail to resolve their differences in writing within twenty-one (21) days of issue of the Dispute Notice, either party may consider alternative forms of legal resolution.15.2No part of this Clause 15 shall prevent a party from seeking injunctive or interlocutory relief.
- GOVERNING LAW AND JURISDICTIONThis Agreement shall be governed by and construed in accordance with the laws of the territory set out in the table below. The parties shall submit any dispute arising out of or any claim related to this Agreement to the exclusive jurisdiction of such territory.
Customer’s business domicile
TravelPerk Contracting Entity
Governing law and jurisdiction
North America
TravelPerk America Inc.
Governed by and construed in accordance with the laws of the State of Delaware, whose courts shall have exclusive jurisdiction to settle any dispute arising out of or related to these Terms.
Germany, Switzerland or Austria
TravelPerk S.L.U.
Governed by and construed in accordance with the laws of the Federal Republic of Germany. Unless otherwise stipulated by mandatory law, the place of jurisdiction shall be Berlin.
France
TravelPerk S.L.U.
Governed by and construed in accordance with the laws of France. Unless otherwise stipulated by mandatory law, the place of jurisdiction shall be Paris.
United Kingdom
TravelPerk UK IRL Limited
Governed by and construed in accordance with the laws of England and Wales, whose courts shall have exclusive jurisdiction to settle any dispute arising out of or related to these Terms.
Any jurisdiction not specifically identified above
TravelPerk S.L.U.
Governed by and construed in accordance with the laws of Spain. Any dispute arising out of or related to these Terms shall be submitted to the exclusive jurisdiction of the Courts of Barcelona, Spain.
- Clause 8.1 is replaced as follows:
Each party shall be liable without limit for wilful intent, gross negligence, fraud or theft by it or its employees; death or personal injury caused by its negligence or that of its employees; fraudulent misrepresentation and for any other liability that cannot be excluded or limited according to Spanish statutory law.17.3 France. Where this Agreement is governed by and construed in accordance with the laws of the France the following terms shall be deemed incorporated and apply:
- a) to the extent permitted (under applicable law) the provisions of Article 1222 and 1223 of the French Civil Code shall in no event be applicable.
- b) in the event of any conflict between any statutory law in France applicable to Customer, and the terms and conditions of this Agreement, the applicable statutory law shall prevail.
- a) Clause 5.6 is replaced as follows:
TravelPerk reserves the right to review the fees annually (maximum once per calendar year) to adjust them at its reasonable discretion taking into account the development of general market conditions and running costs. Adjustments may result in fee increases or reductions. TravelPerk will notify Customer in advance of any fee change at least 30 days in advance of the fee change taking effect. Customer has the right to object to the fee adjustment in text form within 30 days of the notification. In such case, fees shall remain unchanged and TravelPerk has the right to terminate the Agreement pursuant to Clause 11.2.
- b) Clause 8 is replaced in its entirety as follows:
8.1 Each party and its legal representatives or vicarious agents shall be liable without limitation in case of intent, gross negligence, according to the provisions of the Product Liability Act, for injury to life, body or health as well as within the scope of warranties expressly assumed by it.
8.2 TravelPerk is not liable for Travel Supplier acts or omissions. Once a travel service is booked (including any Element) and confirmed by TravelPerk, all terms and conditions of the Travel Supplier apply to the Customer. TravelPerk will not be liable for any breach, delay, default or deficiency of the services provided by the Travel Suppliers.
8.3 Notwithstanding Clause 8.1, the parties and their legal representatives or vicarious agents shall be liable in cases of slight negligence only in case of breach of material contractual obligations, i.e. such obligations the fulfilment of which enables the proper performance of this Agreement in the first place and on the compliance with which the Customer may regularly rely. The parties’ liability in this case shall be limited to the foreseeable and typical damage according to the type of contract concerned.
8.4 Beyond Clause 8.1 and Clause 8.3, the parties’ liability for slight negligence shall be excluded. These limitations of liability shall also apply in favour of the parties’ legal representatives or vicarious agents.
8.5 The DPA governs conclusively the parties’ liability (including their Affiliates) in respect of breaches by either party of Clause 9 (Data Protection), and the DPA.
8.6 Each party acknowledges and agrees that the exclusions and limitations set forth herein represent the agreement of the parties as to the allocation of risk between them in connection with their obligations under this Agreement.
- c) Clause 14.5 shall be replaced in its entirety as follows:
In writing in this Agreement means in text form (§126b BGB). Notifications shall be sent by email to the email address provided by the Customer when registering on the Platform or in the Order Form and, in the case of TravelPerk, to legal@travelperk.com.
SCHEDULE 1 | SERVICES
Corporate travel management
Consolidated invoicing
Labels and multiple cost centres: organize your bookings and travel spend for better analysis and administrative tracking
Approval processes: set up approval workflows for all trips or only those that are out of policy
Multiple policies
Travel optimization insights
SCIM user provisioning
Advanced travel data reports: receive monthly visual reports with travel spend broken up by department, projects, etc
Advanced TravelCare risk management: A complete suite of Traveller safety features including alerts, tracking, notifications, and contact options
North Travel assistance
Dedicated 24/7 Customer Care: Get fast-track access to our experienced staff at any time
Concierge: Ask us for anything related to your trip that our Platform doesn’t offer and we’ll book it if we can
Target Service Level
Email: response within 2 hours for 90% of requests
Phone: response within 20 seconds for 90% of calls
Chat: response within 3 minutes for 90% of chat messages
Access to third party travel inventory
Flights, hotels, trains, cars
Airbnb
Book from TravelPerk’s exclusive rates
Integrations
Connect TravelPerk to any app on our marketplace
Corporate travel management
Budgets
Additional labels, number of cost centres, approval processes and policies
Custom travel data reports: In addition to our advanced visual report in Premium, we’ll create customized, detailed reports quarterly, or as requested.
Access to third party travel inventory
Book your corporate negotiated rates
Rates negotiation service
Integrations
Customise your workflows with our Developer Tools, including our APIs
- Hotels: 4 pm of the first day of the booking at the latest.
- Flights: 2 hours before the departure time of the flight at the latest.
- Trains: 2 hours before the departure time of the train at the latest.
- Car rental: 2 hours before the agreed pick-up time of the car at the latest.
- Partial cancellations of flights or Travellers that are part of the same Trip are not refundable (for instance, a return flight when the outward journey has been taken would not be refundable).
- Group Bookings and payments made by Customer to Travel Suppliers directly are not covered by FlexiPerk Service.
- (i) Conditions applicable to FlexiPerk Trips:
- Can be selected by Travellers individually for applicable bookings;
- Is subject to a variable fee (on average 15% of costs of the selected Trip) as indicated during the booking process;
- Is not available to Customers that have hired FlexiPerk Company.
- (ii) Conditions applicable to FlexiPerk Company:
- All Trips are subject to FlexiPerk Service;
- 10% fee over the entire cost of all Trips.
- (i) any transportation booking made for a group of more than ten (10) Travelers from a single point of origin to a single destination, on the same dates; and/or
- (ii) any accommodation booking made for a group of more than nine (9) Travellers at the same property, where such Travellers share at least one (1) common date.
Group Accommodation, Meetings and Events
Group Transportation
Any event or accommodation venue which attracts a “TravelPerk Group Rate” will be exempt from any TravelPerk service fee on top of the total cost of the booking.
Alternative venues and group accommodation where “TravelPerk Group Rate” is not available will attract an 8% service fee of the total booking cost.
Group transportation will attract an 8% service fee of the total booking cost.
- (i) TravelPerk requires Travellers who shall participate in a Group Booking be confirmed no fewer than fifteen (15) days for Group Accommodation, Meetings and Events and no fewer than thirty (30) days for Group Transportation prior to the first relevant travel date. TravelPerk does not warrant or guarantee the availability of changes requested to a Group Booking (including any capability to modify at a particular price or provide full or partial refunds);
- (ii) FlexiPerk does not apply to Group Bookings;
- (iii) it shall take responsibility to receive and relay any correspondence (concerning changes, amendments and cancellations) from TravelPerk or Travel Suppliers to all Travellers named in the Group Booking; and
- (iv) its responsibility to ensure that all Travellers take such actions as are reasonably necessary to facilitate completion of the Group Booking (including, complying with the procedures and terms of the relevant Travel Suppliers).
SCHEDULE 2 | PAYMENT METHODS
- CREDIT CARD AND AUTOMATIC SEPA1.1 Where the agreed payment method is credit card or automatic SEPA, Customer will be charged for all Services and bookings immediately at the time of purchase, unless a deferred charge is agreed with the Supplier (or in the case of a TravelPerk charge) to be expedient for the purposes of customer's recovery of VAT. TravelPerk reserves the right to, in accordance with the applicable legislation, charge additional costs that may arise as a result of using this payment method.1.2 Customer is solely responsible to implement internal policies to determine which credit cards may be used by Customer’s and Affiliates’ employees, directors and any other individuals. Where a personal credit card is used to make payments, this shall not affect or alter Customer’s obligations and, as applicable, Affiliates’ obligations towards TravelPerk, nor the commercial nature of this Agreement, which shall in any event be deemed to have been entered into solely between TravelPerk and Customer. For the purposes of FlexiPerk, TravelPerk shall only administer and issue refunds to corporate card/account profiles.
- DIRECT DEBIT AND WIRE TRANSFER2.1 TravelPerk may, at its sole discretion and subject to a prior credit evaluation, allow Customers and, where applicable, Affiliates, to make and pay bookings and fees via direct debit (SEPA) or wire transfer up to a certain amount (the Limit). TravelPerk may set a Limit per Customer and per Affiliate. Customer and Affiliates may not make bookings that exceed the existing Limit at a given time.2.2 TravelPerk may modify, suspend or cancel the Limit at any time at its sole discretion upon prior written notice to Customer. Customer may terminate this Agreement immediately if TravelPerk exercises its right to modify, suspend or cancel the Limit, unless such changes are due to a breach of the Agreement by Customer or Affiliates.
- PREPAYMENTS3.1 Where agreed to by TravelPerk, Customer and, if applicable, Affiliates, may prepay the Services and bookings by transfer of certain amount of cash to TravelPerk in advance. Number and amounts of prepayments are at Customer’s sole discretion and shall be made by wire transfer to a bank account as indicated by TravelPerk in writing from time to time.3.2 Prepayments will be credited to the Customer’s account and applied exclusively towards charges for Services and bookings under the Agreement. Customer and Affiliates may not make bookings or use the Services in excess of prepayments.3.3 TravelPerk shall refund to Customer any unused prepayments net any outstanding Customer debts by wire transfer to the account indicated by Customer, subject to Paragraph 3.4.
- (i) at Customer’s request. Such voluntary refunds are limited to once per calendar quarter;
- (ii) should the parties agree in writing on a different payment method; or
- (iii) within thirty (30) days of the termination effective date.
- SECURITY DEPOSIT4.1 At the request of TravelPerk, Customer may be required to provide a security deposit to guarantee the performance of its obligations under this Agreement. The amount of the security deposit will be specified in the Order Form and may vary depending on the nature of the services provided and Customer's creditworthiness from time to time. Customer shall transfer such security deposit to a bank account as specified by TravelPerk.4.2 TravelPerk may utilize the security deposit to satisfy any outstanding payments owed by Customer to TravelPerk under this Agreement.4.3 Where TravelPerk has utilized the security deposit resulting in a difference between the amount of the security deposit as specified in the Order Form and the actual balance of the security deposit, TravelPerk shall notify Customer of such difference. Customer shall settle the difference by payment to the bank account specified by TravelPerk within 5 business days of the notice. Should Customer fail to settle the difference within such time period, TravelPerk reserves the right to suspend the Services or terminate the Agreement.4.4 TravelPerk will return the security deposit to Customer, less any amounts deducted for outstanding payments or damages caused by the Customer, within 5 business days after the termination or expiration of this Agreement, or until such time as TravelPerk determines that the security deposit is no longer required. TravelPerk reserves the right to withhold or retain the security deposit, in whole or in part, if the Customer breaches any of its obligations under this Agreement.4.5 Customer acknowledges that the security deposit does not limit or restrict the liability of the Customer under this Agreement and that TravelPerk may pursue any other remedies available to it under this Agreement or under applicable law.4.6 Customer may not assign, transfer or otherwise dispose of the security deposit without the prior written consent of TravelPerk.