Policies and Procedures
Policies and Procedures 1. I am of legal age in the state of my residency. I agree that I am an independent contractor responsible for determining my own business activities. I am not an agent, employee or legal representative of 20kBTC, hereafter referred to as “Company”, and will not represent in any manner that I am an agent, employee or legal representative of the Company. I am responsible for the payment of all federal and state self employment taxes and any other tax required under any federal, state or regulatory taxing agency. 2. This position does not constitute the sale of a franchise or a distributorship and no product purchase for participation as an Affiliate has been required of me. 3. I agree that as an Affiliate, I shall place the primary emphasis upon the sale of memberships to customers. The cost to be an Affiliate is below the threshold of all business opportunity statutes. Affiliates’ sales aids purchased during the first six months shall be automatically modified to comply with the exemption requirements set forth in any state’s laws regulating business opportunities. 4. In presenting the Company’s membership and the Affiliate position to prospects, I agree that such presentations shall be strictly according to the following format and that I will be terminated as an Affiliate if I fail to do so: (a) In each presentation of the Affiliate position, the prospect shall be directly informed that no product purchase is required or is ever a means to become an Affiliate. 5. In order to maintain a viable Marketing Program and to comply with changes in federal, state or local laws and economic conditions, the Company may update its Policies and Procedures for Affiliates from time to time, as well as to modify its Affiliate Compensation Plan. Such Policies and Procedures and Compensation Plan modifications, and all changes thereto, shall become a binding part of this Agreement upon publication. 6. I understand that no attorney general or other regulatory authority ever reviews, endorses or approves any company, product or compensation plan, and I will make no such claim to others. 7. I understand that my Affiliate position can be inherited or bequeathed, but cannot be transferred or assigned during my lifetime without written consent of the Company which consent will not be unreasonably withheld. 8. I will not promote my Affiliate position, nor use the Company’s name, or the trade names, logos, sales materials, trademarks or service marks of the Company, except in materials provided by the Company or approved in writing by the Company prior to their use by me. I understand that unauthorized use or duplication of trademarks or copyrighted materials is a violation of federal law. Only the official Company provided Affiliate replicated website or main corporate website may be used to promote the Company’s products or Affiliate program. 9. I am responsible for supervising and supporting Affiliates that I sponsor (or enroll) into the business and in my commissionable sales team. I agree to maintain weekly communication and to support Affiliates in my commissionable sales team by way of any of the following or combination thereof. Personal contact, telephone communication, email, written communication or attendance at Affiliate meetings. Failure to do so may result in termination of Affiliate status. 10. The Company provides the following fulfillment to its Affiliates: Shipment of product and/or ordered sales aids within two (2) business days of receipt of order and clearance of funds, subject to availability of items ordered; calculation and payment of Affiliate commissions. Payment terms on Affiliate or Customer purchases: refer to Company’s website at www.20kBTC.com for details. Commissions are payable to Affiliates according to the Compensation Plan which is incorporated herein by reference. 11. I will not make false or misleading statements about the Company’s products or the Affiliate position. Display of checks and the making of income projections to potential Affiliates is prohibited. 12. Affiliates in the same household or business must be in the same line of sponsorship. Change of original sponsor is not permitted. Affiliate and Customer lists and names are owned by the Company and may never be used for any commercial purpose without prior written consent of the Company. During the term of this Agreement and for one (1) year thereafter, an Affiliate shall not, directly or indirectly, solicit Affiliates of the Company to other network marketing organizations, except as to personally sponsored Affiliates/Customers. 13. I understand that any violation of these Policies and Procedures may result in suspension or termination of my Affiliate position at the Company’s sole discretion. 14. This Agreement is governed by the laws of Texas. The parties agree that any claim, dispute or other difference between them shall be exclusively resolved by binding arbitration pursuant to the Commercial Arbitration Rules of the American Arbitration Association with arbitration to occur at Harris County, Texas. Louisiana Affiliates may choose Louisiana law, and may arbitrate at New Orleans, Louisiana. 15. Affiliates may return literature and sales aids in new, unused and resalable condition at any time within thirty (30) days of purchase and receive a 90% refund. Shipping costs for returned items shall be borne by the Affiliate. Payment will be made within thirty (30) days of actual receipt of returned items. 16. This Agreement shall be deemed in effect upon its receipt and acceptance by the Company at its principal business address. 17. A participant in this affiliate marketing plan has a right to cancel at any time, regardless of reason. Cancellation must be submitted in writing via email to the Company at Corp@20kBTC.com.
I have read and agree to the Policies and Procedures.
My referrer is Gerald Toussaint.
I understand and agree.