Article 1 (Purpose)
The purpose of this Agreement is to stipulate the rights, obligations, and related matters between Open Rhapsody Co., Ltd. (hereinafter referred to as the “Company”) and the Applicant (hereinafter referred to as the “Advertiser”) regarding the selection of advertising media and the use of advertising placement services (hereinafter referred to as the “Ad Campaign”) through the advertising platform provided by the Company (Ad Note, hereinafter referred to as the “Platform”).Article 2 (Service Contents)
- The Company shall support the Advertiser in selecting desired media from multiple advertising media available on the Platform to conduct Ad Campaigns.
- The Company shall provide additional services necessary for the overall Ad Campaign, such as ad delivery, performance analysis, and operation optimization. However, the Company does not guarantee the results of ad performance.
- Conditions for ad placement (period, budget, billing method, etc.) shall follow the terms specified by the Advertiser upon selecting media and making a reservation on the Platform.
Article 3 (Advertiser’s Obligations)
- The Advertiser shall pay the advertising fees in accordance with the method and deadline set by the Company.
- The Advertiser warrants that the ad creatives and related information provided do not infringe upon relevant laws, the Platform’s ad policies, or the rights of third parties, including intellectual property rights.
- The Advertiser must comply with the ad policies and review procedures required by the Publisher (Media Partner). The Company shall not be liable for any issues arising from the violation thereof.
- Any suspension of ads or underperformance caused by failure to comply with modification requests or policies required by the Publisher shall be the responsibility of the Advertiser.
Article 4 (Company’s Obligations)
- The Company shall support the Advertiser in freely selecting advertising media and smoothly conducting Ad Campaigns through the Platform.
- The Company shall not use the information provided by the Advertiser for purposes other than service provision and shall securely manage it in accordance with relevant laws.
- Upon receiving the advertising fees from the Advertiser, the Company shall deduct 20% of the amount as a Platform Service Fee and settle the remaining amount to the Publisher on a monthly basis. The Platform Service Fee rate is subject to change, and any changes shall be applied after prior notice to the Advertiser and the Publisher.
Article 5 (Payment Methods)
5.1. Selection of Payment Method
The Advertiser may select one of the following payment methods on the Platform:- Manual Payment: Post-payment settlement within 5 business days of the beginning of the month following the Ad Campaign end date.
- Automatic Payment: Pre-payment of the estimated ad budget at the reservation stage of the Ad Campaign.
5.2. Manual Payment
- Issuance of Settlement Statement: The Company shall issue a settlement statement to the Advertiser within 2~3 days of the beginning of the month following the Ad Campaign end date.
- Issuance of Tax Invoice: The Company shall issue a tax invoice on the 5th day of the month following the Ad Campaign end date. Details are as follows:
- Amount: Final spent amount of the completed Ad Campaign.
- Date: The last day of the month in which the Ad Campaign ended.
- Recipient Email: Emails of the Advertiser’s contract manager and settlement manager.
- Payment Schedule and Method:
- Due Date: Payment shall be made within 30 days from the tax invoice issuance date, provided that the deadline may vary upon mutual agreement.
- Bank Account: KB국민은행 231404-04-333374 (Account Holder: 주식회사 오픈랩소디)
5.3. Automatic Payment
- The Advertiser must pre-pay the estimated ad budget to proceed with the Ad Campaign.
- The estimated budget is determined based on the campaign goals set by the Advertiser (e.g., media, ad product, period, targeting, etc.).
- The pre-paid budget is consumed (billed) according to the actual progress of the Ad Campaign.
- Billing Criteria:
- CPC: Billed based on the actual number of clicks.
- CPM: Billed based on the actual number of impressions.
- CPP: Billed based on the number of days the ad is executed (execution is counted if there is at least 1 impression per day).
- Refund of Unused Budget:
- After the Ad Campaign ends, any unused amount of the estimated budget shall be refunded to the payment method used by the Advertiser within 3~5 business days from the end date.
- The Ad Campaign operates within the pre-paid budget and will not be billed in excess of that budget.
Article 6 (Payment Gateway Service)
- The Advertiser agrees that payments may be processed through a Payment Gateway (PG) provider (e.g., Toss Payments) contracted by the Company.
- Any errors or disputes arising during the payment process shall be subject to the terms and conditions of the PG provider, and the Company shall not be liable therefor.
Article 7 (Cancellation and Penalty)
7.1. Cancellation Penalties
In the event of Ad Campaign cancellation after the contract is finalized, a penalty shall be charged according to the following criteria:| Cancellation Timing | Penalty |
|---|---|
| 15 business days or more before the Start Date | No Penalty |
| Within 14 business days before the Start Date | 50% Penalty |
| Within 7 business days before the Start Date | 100% Penalty |
| On or after the Start Date | 100% Penalty |
7.2. Calculation Basis
The penalty is calculated based on the Ad Campaign budget specified in the contract.7.3. Business Days
Business days are defined as Monday through Friday, 09:00 to 18:00, excluding weekends and public holidays.7.4. Penalty Processing
If a penalty is incurred due to cancellation, it shall be processed as follows depending on the payment method:- Manual Payment: The Advertiser must pay the penalty amount to the Company’s designated account within 5 business days from the cancellation date.
- Automatic Payment: The amount excluding the penalty shall be refunded to the payment method used by the Advertiser after the cancellation approval.
Article 8 (Late Payment Interest)
- If the Advertiser fails to pay advertising fees, penalties, or other outstanding amounts within the deadline specified in this Agreement, the Advertiser shall pay late payment interest calculated at a rate of 12% per annum on the delayed amount.
- Late payment interest is calculated on a daily basis from the day following the payment deadline to the actual payment date and will be added to the invoice for the following month.
Article 9 (Limitation of Liability)
- The Company shall not be liable for service interruptions or degradation of ad performance caused by reasons attributable to third parties.
- The Company shall not be liable for issues arising within the scope of the Publisher’s responsibility, such as policy changes, review delays, or ad delivery failures, nor for damages caused by the Advertiser’s failure to comply with the Publisher’s policies and conditions.
- In the event of a dispute with a third party regarding the ad content provided, the Advertiser shall resolve it at its own responsibility and expense, and the Company shall bear no liability therefor.
Article 10 (Confidentiality)
Neither party shall disclose any confidential information obtained during the execution and performance of this Agreement to any third party.Article 11 (Termination)
- Either party may terminate this Agreement by providing 30 days’ prior written notice to the other party.
- Upon termination, the Advertiser must settle all costs incurred and outstanding amounts up to the date of termination.
Article 12 (Intellectual Property Rights)
All intellectual property rights regarding the Platform and related software, technology, and documents belong to the Company. The Advertiser may not reproduce, modify, distribute, or provide them to third parties.Article 13 (Dispute Resolution)
Any dispute arising in connection with this Agreement shall be resolved by mutual consultation. If not resolved, the Seoul Central District Court shall be the competent court of the first instance.Article 14 (Composition of Agreement)
Attachment 1, the Terms and Conditions prepared by individual Publishers (hereinafter “Publisher Terms”), constitutes an integral part of this Agreement. The main text of this Agreement and the Publisher Terms are considered a single integrated contract; however, in case of any conflict between the two documents, the content of the Publisher Terms shall prevail.Article 15 (Miscellaneous)
- This Agreement becomes effective on the date the Advertiser agrees to the terms on the Platform.
- Details regarding the Ad Campaign (reservation date, amount, product name, advertiser name, targeting info, etc.) shall follow the content specified in the attached “Ad Campaign Reservation Details.”