Valid Vendor Awards
Rules and Disclosure for Quizzify Valid Vendor of the Month Designation
Validation by Validation Institute
The vendor must be validated, and maintain the validation. If the vendor loses the validation, Quizzify will notify any joint customers that Quizzify’s fees are no longer at risk.
The fees are at risk for what the validation says. Example: if the validation promises a 10% reduction in risk but no ROI or savings, fees may be reclaimed for missing that target. Fees may not be reclaimed if that target is hit but the customer determines that costs increased.
Eligibility for offer and partial years
Any joint customer of Quizzify and the Valid Vendor is eligible, from the time the customer contracts with either. If a customer contracts with a Valid Vendor for a year, and Quizzify is added some months into the year, Quizzify’s offer extends to a third of fees earned to that point, rather than projected to an entire year. This is also the case if a year is prepaid to Quizzify.
Timeliness of Claim
Claims must be submitted within 90 days of the end of the year for which the claim is being made.
Disputes not resolved through negotiation will be resolved by binding arbitration, loser to pay costs, by the American Arbitration Association in Boston, MA.
Disclosure of fees paid to Quizzify
Quizzify charges $2000 to $4000 for Valid Vendor endorsement, to cover the actuarial risk of the possibility of having to return fees.