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 and not an agent or employee of Wealth Builders Network Educational Services (WBNES, Inc.). I will not represent in any manner that I am an agent or employee of (WBNES, Inc.) 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.
I understand that WBNES, Inc. is providing me with a subscription to access its Education & Training information, and I understand that WBNES, Inc. makes no verbal, written, or implied guarantees in regards to the compensation of any WBNES, Inc. programs that I may join. As a Independent Member you are restricted to one (1) Membership.
No refunds: Membership payments will not be refunded . All information will be provided in an electronic format, which is non-refundable. (I.e. E-books, Wave files, PDFs and Word documents and any other electronic formats .
This agreement does not constit ute the sale of a franchise or distributorship. I agree that as a WBNES, Inc. Independent Member, I shall place primary empha sis upon the obtaining of customers who are not Independent Members. Independent Members who reside in the States of Maine, North Dakota, Michigan, Indiana, Iowa, and West Virginia are limited to the purchase of $849.00 in company products and services during the first six months of Independent Member status. Also as an Independent Member, I am restricted to one (1) Infinity Compensation Plan membership plan per Tax, EIN ID or W-8 on file.
In presenting WBNES, Inc. Membership Plans to prospects, I agr ee that such presentations shall be performed using company provided materials (Web presentation, flip chart, CD's, brochures', and future company materials) or I stand the chance of termination as an Independent Member if I fail to do so. In each presentation of the WBNES, Inc. program, the prospect shall be informed that there is no fee to listen to the Opportunity Calls of WBNES, Inc., but at no time will they receive any products, services or commissions until a Membership Plan is purchased.
In order to maintain a viable Marketing Program and to comply with changes in federal, state, local laws and economic conditions, WBNES, Inc. may provide Policies and Procedures for Independent Members from time to time, as well as to modify WBNES's Compensation Plans. Such Policies and Procedures and Compensation Plan modifications, and all changes thereto, shall become a binding part of this Agreement upon publication on the official WBNES, Inc. Internet website or Member Newsletter.
I understand that no attorney general or other regulatory authority ever reviews, endorses, or approves any product, compensation program, or company, and I will make no such claim to others .
I understand that my Independent Membership Subscription can be inherited or bequeathed, but cannot be transferred or assigned during my lifetime without written consent of WBNES, Inc. at which time conse nt will not be unreasonably withheld.
This a greement shall be deemed in effect , upon its receipt and acceptance by Wealth Builders Network Educational Services, Inc . at its Corporate Office.
I will not promote my Independent Member business nor use the Company name, trade names, logos, sales materials, trademarks o r service marks of WBNES, Inc. except in materials provided by the Company or approved in writing by WBNES, Inc. prior to my use. I understand that unauthorized use or duplication of trademarks or copyrighted materials is a direct violation of federal law.
The following sales practices are prohibited: Use of automated phone dialing machine; the sending of unsolicited e-mail messages (spam) and, phone solicitations of persons on any state or federal (do not call) list. Independent Members wishing to use e-mail solicitations from lists provided by others must first register with the company and agree to company e-mail rules applicable to such solicitations.
I am responsible for supervising and supporting Independent Members I sponsor into the program. I agree to maintain monthly c ommunication and support to those Independent Members by way of any of the follow ing, or combination thereof: Personal contact, telephone communication, written communication, email, and attendance at Independent Member meetings or company based functions.
WBNES, INC. provides the following fulfillment to its Independent Members: Sales literature for sale and free by Internet download; and calculation & payment of Independent Member commissions (via back office). Payment terms on Independent Member and customer purchases: check, money order, or credit card with order (No credit purchases or C.O.D. available). Commissions are payable to Independent Members according to the Compensation Plan which is incorporated herein by reference.
All Independent Members must purchase a Wealth Builders Network Educational Services, Inc. Membership . This includes AN ANNUAL renewal membership fee.
I will not make false or misleading statements about WBNES, Inc. membership, services, or any of its programs. Display of co mmission checks, the making of income projections and the use of income testimonials to prospective WBNES , Inc. Independent Members is prohibited.
Independent Members in the same household or business can have the same sales re pre sentative (Change of original sponsor is not permitted). Independent Member and customer lists and names are owned by Company and may never be used for any commercial purpose without prior written consent of Company. During the active status term(s) of this Agreement and for 6 months thereafter, Independent Members shall not, directly or indirectly, solicit Independent Members of WBNES, Inc. to other network marketing organizations, except to those members whom they have made direct sales to.
The laws of California govern this agreement . 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 San Diego, California. Louisiana Independent Members arbitrate at New Orleans, Louisiana.
This agreement supersedes any agreements, either verbal or written, between the parties hereto with respect to the rendering of services by the IM for WBNES , Inc. and contains all of the covenants and agreements between the parties with respect to the rendering of such services in any manner whatsoever. Each party to this agreement acknowledges that no representations, inducements, promises, or agreements, orally or otherwise, have been made by any party, or anyone acting on behalf of any party and that of other agreements, statements, or promise not contained in this agreement shall not be valid or binding. Any modification of this agreement will be effective only if it is in writing signed by the parties. This includes deducting WBNES Membership Program If I used the Flex Plan Payment Option upon initial enrollment with the company.
WBNES , Inc. reserves the right to accept or deny any Membership Subscription and/or application without reason . If any provision in this agreement is held by a court of law competent jurisdiction to be invalid, void or unenforceable, the rema ining provisions will nevertheless continue in full force without being impaired or invalidated in any way.
I understand that my participation in the TARRP Program, I will be purchasing coins, and the market price for coins can f luctuate. The amount of coins that I may receive can be affected by the market price of coins. ______ 21 . I acknowledge that I will be receiving coins via WBNES, Inc. ICPSP Auto Purchase Coin Program, these purchases will automatically be deducted from my earnings.
Received by: WBNES, Inc. on Date: ____/_____/______ Processed By: ________________________________________ (Print Name) ________________________
A C ertified Presenter T raining Program is a course an Independent Member is entitled to attend as an optional training course and is not a paid position in WBNES, Inc. Program. Upon completion of the course, no refunds will be given.
Indemnification – Independent Members (IM) agrees to indemnify and hold harmless Wealth Builder Network (Company) from all claims, losses expenses, fees including attorney fees, costs, and judgments that may be asserted against the Company that result from the acts or omissions of the IM, the IM’s employees, if any, and the IM’s agents. Additionally IM’s the do not maintain active Memberships after 61 Days will forfeit all earnings.
Reactivation - If the Member’s Account becomes inactive, they can reactivate it within 15 days after the 61 days for a total of a consecutive 76 Days of inactivity. Once the Member makes their TARRP Payment of $65.00 plus a reactivation fee of $15.95 for a total amount owed of $80.95 their Account will be reactivated.
Cleared Accounts - If the Member remains inactive for a consecutive 77 days, their Account will be permanently deactivated and or removed, and all Earnings or other items accrued will be forfeited. In the event of a death of any Member, Members will have the ability to set distributed portions or all of their earnings to named beneficiaries, if no persons are named, WBNES will make every effort to contact the Members descendants, if any are living to discuss how the funds will be distributed or how the account can be settled. If no kin can be contacted, the funds will remain in an escrow account for up to 1 year before funds are forfeited and returned to company.