INDEPENDENT BUSINESS OWNER AGREEMENT
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 the Tradeknology LLC (herein also referred to as COMPANY). I am responsible for the payment of all federal and state self-employment taxes and any other tax including sales tax that may be required under federal, state or regulating taxing agency. I understand that this position does not constitute the sale of a franchise or of a Business Ownership and that a membership and an IBO fee is required for me to participate as an Independent Business Owner of the COMPANY. I further acknowledge and understand that the purchase of the IBO program is optional and not required of me in order to participate as a customer of the COMPANY. I understand that throughout the platform and legal documents an Independent Business Owner may be referred to as a REP or as an IBO or member; I understand that these titles are all one in the same.
I agree that as a Tradeknology LLC Independent Business Owner or REP, I shall place primary emphasis upon the promotion and support for the stated goals of the COMPANY and the solicitation of non-REP individuals, businesses and organizations as customers. I agree to have a distribution in my personal organization of over 50% of my production as customers who are not REPs and to submit proof of such efforts upon request by COMPANY. Permissible REP purchases shall be automatically modified to comply with the exemption requirements set forth in any state’s laws regulating business opportunities, should such apply. In presenting COMPANY’s stated vision and mission, I agree that such presentations shall be strictly according to the following format and that I will be terminated as a REP if I fail to comply.
In each presentation given, I agree that the prospect shall be directly informed that a monthly IBO fee of $20.00 in US dollars will be charged by the COMPANY per month to become a REP of the COMPANY and that its explicit purpose is to support the software and products the REP will have the option of representing. I understand that Tradeknology may change the monthly IBO fee at any time.
I have carefully read, understood, and I agree to comply with the COMPANY’s Terms and Conditions, Policies and Procedures and this IBO Agreement. I further agree and understand that the COMPANY’s Policies and Procedures are a binding part of this agreement.
I understand that I must be in good standing and not in violation of any of the terms of this agreement in order to be eligible to receive any bonuses or commissions from the COMPANY. The continuation of my COMPANY Independent Business Owner program or my acceptance of bonuses or commissions shall constitute my acceptance of the Terms and Conditions, the Policies and Procedures and any and all amendments pertaining to both.
In order to maintain a viable Marketing Program and to comply with the changes to federal, state and local laws and economic conditions, the COMPANY may provide additional Terms and Conditions for REPs from time to time, as well as to modify its REP Compensation Program and Policies and Procedures. Such additional Terms and Conditions, Policies and Procedures and Compensation Plan modifications, and all changes thereto, shall become a binding part of this Agreement upon publication on the official COMPANY website or other official COMPANY publications.
I understand that no Attorney General or other regulatory authority ever registers or reviews, endorses or approves any product, compensation program or COMPANY, and I will make no such claim to others.
I agree that I will not make any claims, statements, or representations about the COMPANY’s products that are not found on the COMPANY’s websites or official marketing materials or are not specifically approved by the COMPANY. I agree to indemnify the COMPANY and hold it harmless in the event I make any such unapproved statements that result in government investigation, government or private litigation, claims, regulatory action, or any other adverse event relating to the COMPANY or its products.
I understand that my 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. The COMPANY reserves the right to charge a transfer fee cover its costs.
This Agreement shall be in effect upon its receipt and acceptance by the COMPANY either in written form, or through the COMPANY’s website.
I am responsible for supervising and supporting the REPs I refer or enroll into Tradeknology and in my commissionable down-line. I agree to maintain monthly communication and support with the REPs in my commissionable down-line by the way of any of the following or combination thereof: Personal contact, telephone communication, written communication, social media and/or attendance at REP meetings.
As an REP of the COMPANY, I will be provided a personalized, replicated website and access to the Training Resources section where basic tools can be found to help me in my capacity as an REP. COMPANY will provide its REPs some marketable material digitally. Commissions are payable to REPs according to the current Compensation Plan which is incorporated herein by reference. COMPANY will provide web-based, back office administration to all REPs for the first month of their REP status. I agree to pay a monthly renewal fee of the IBO Program fee in US dollars to continue my status as a REP in good standing with the COMPANY. This fee will cover my replicated website for the next 1-month period along with additional training and access to the REP digital wallet.
I will not make false, misleading, or disparaging statements about the COMPANY, its employees or founders, the compensation plan, REP positions or the COMPANY mission and vision. Display of commission checks, the making of income projections and use of income testimonials to prospective REPs is strictly prohibited. I will conduct myself as a REP in a courteous, fair, professional and ethical manner.
Change of original enroller is not permitted. REP and customer lists and names are owned by the COMPANY and may never be used for any commercial or business purpose without prior written consent of the COMPANY in writing.
I understand that all promotional materials and online products may change and be updated by the COMPANY at any time.
I understand that any cancellation of product or membership in my downline or customer base may result in a charge back against commissions or bonuses paid to me by the COMPANY.
I authorize the COMPANY to use my name, photograph, personal story and/or likeness in advertising or promotional materials and waive all claims for remuneration for such use.
I agree that I will be solely responsible for paying expenses incurred by myself, including but not limited to travel, food, lodging, secretarial office, telephone, cell phone and other expenses in the process of building my Tradeknology business.
I give permission to the company to contact me by email or text messaging for reasons including, but not limited to COMPANY announcements, bonus programs and promotions, changes in policy, etc.
I understand that the company may charge a fee for the processing of any payment made to me. I further understand that the company may implement payment minimums and transactions fees when withdrawing commissions.
I understand and agree that I will not solicit another Tradeknology Independent Business Owner/ REP or entity that is a member of Tradeknology or has been in the last 90 days to join another network marketing opportunity. I agree to follow these terms as long as I am a Tradeknology Independent Business Owner and for a period of one year after. Violation of this company policy may result in immediate termination. In addition, I may be subject to injunctive relief including possible civil penalties and monetary damages for engaging in such conduct.
I understand that the COMPANY provides me with a replicated website for the promotion of my Tradeknology business. I agree that I will not use the replicated website for any purpose other than the promotion of my Tradeknology Independent Business Ownership. I further understand and agree that I will not use the Tradeknology name, logo, pictures or trademarks as part of a website or URL that I either own or am associated with. In addition, I agree not to use the COMPANY name, logo, pictures, trademarks or any of the COMPANY’s published written content to optimize any other website position in a search engine search (other than the COMPANY provided replicated website). I further understand that doing any of the above may cause financial harm to the COMPANY which may result in me being required to pay damages to the COMPANY for such actions and may also result in termination of my status as an REP of the COMPANY.
I understand and agree that I will not market or promote any outside service or product to any other COMPANY REPs. These include but are not limited to internet capture pages, and sales leads. It is further understood that in the course of my status as a REP of the COMPANY, I may produce marketing tools to assist my downline organization to grow their COMPANY Independent Business Ownership. In doing so, I agree that such marketing tools must first be approved by the COMPANY in writing and I will not charge for any such marketing tools at any time. Further to this, I understand that although I am allowed to conduct independent training events for the COMPANY, I may charge an admission fee for such events, however I will not charge more than necessary to cover my expenses and will not make a profit in doing so.
I understand that if I fail to comply with the terms of this agreement or Policies and Procedures of the COMPANY or any part of this agreement, the COMPANY, at its discretion, may terminate my Independent Business Ownership or impose upon me other disciplinary action, including but not limited to, forfeiture of bonuses and commission, loss of all or part of my down-line marketing organization or customer base list. If I am in breach, default, or violation of the agreement at termination, I shall not be entitled to receive any further bonuses or commissions, whether or not the sales of such bonuses or commissions have been completed. If this agreement is terminated for any reason, I will forever lose my rights as an REP, including rights to my down-line marketing organization and customer base list, and rights to compensation pursuant to the COMPANY’s Compensation Plan. If I wish to disassociate myself with the COMPANY and cancel my Independent Business Ownership, I may not be eligible to rejoin the company for a period of up to 12 (twelve) months.
This Agreement is governed under the Laws of the State of Texas and internationally under International Fair Business Practices. The Parties agree that any claim, dispute or other difference between them shall be exclusively resolved by binding arbitration pursuant to the Commercial Rules of the American Arbitration Association with arbitration to be held in Houston, Texas.
The term of this agreement is one year (subject to prior cancellation as provided in the Terms and Conditions and Policies and Procedures). If I fail to renew my Tradeknology Independent Business Ownership, or if it is cancelled or terminated for any reason, I understand that I will permanently lose all rights as a REP. I shall not be eligible to sell the COMPANY’s products and/or services, nor shall I be eligible to receive commissions, bonuses or other income resulting for the activities of my former down-line sales organization or customer base list. In the event of cancellation, termination or non- renewal, I waive all rights I have, including but not limited to property rights, to my former down-line organization or customer base list and customer base list and to any bonuses, commissions or other remuneration derived through the sale sand other activities of my former down-line organization and customer base list. The COMPANY reserves the right to terminate all IBO Agreements upon 30 days’ notice if the COMPANY elects to: (1) cease business operations; (2) dissolve as a business entity; or (3) terminate distribution of its products and/or services via direct selling channels. REPs MAY CANCEL THIS AGREEMENT AT ANY TIME, AND FOR ANY REASON, UPON WRITTEN NOTICE TO THE COMPANY.
I agree that I am competent and of legal age to enter into a binding contract in the state or province in which I enter this Agreement with Tradeknology.
I agree that Tradeknology is not responsible for the loss of any commissions and bonuses or other payments now or in the future because of errors or delays in the registration process, the use of an incorrect link, the placement settings or any other user error.
Upon 7 days’ notice to all IBOs, Tradeknology may at its sole discretion, amend the Compensation Plan, Policies & Procedures, Business Owner Agreements and any other agreement (herein referred to as the “Tradeknology Agreements”). By agreeing to these terms, IBO agrees to abide by any and all such amendments and that the only remedy for an IBO not accepting any such amendments is to immediately terminate this Agreement prior to the conclusion of the 30-day notification period. The continuation of my Tradeknology business or my acceptance of commissions and/or bonuses from Tradeknology after the 30-day notification period constitutes my acceptance of any such amendments. I agree that Tradeknology’s interpretation of the Tradeknology Agreements will be final and binding.
By agreement to these terms, IBO agrees to indemnity, defend and hold harmless Tradeknology and its affiliates, shareholders, officers, directors and employees from and against any and all claims or liabilities arising from the operation or promotion of my Tradeknology Business. TRADEKNOLOGY SHALL NOT BE LIABLE FOR ANY CONSEQUENTIAL, SPECIAL, OR EXEMPLARY DAMAGES FOR ANY REASON WHATSOEVER.
Cancellation notice as it pertains to a refund of my IBO fee, product purchases and marketing materials purchases: I understand that I may cancel my enrollment fee transaction, without penalty or obligation, for a full refund, within three (3) business days from the date of my registration, exclusive of the date of signing or if processed electronically the date this Agreement is submitted to Tradeknology for processing. I understand that if I cancel after the three (3) day period, I am not entitled to a full refund. This limitation is not applicable if superseded by any state law. If I cancel within the three (3) business days from the date of this Agreement, any payments made by me under this Agreement and any instrument executed by me will be returned within three (3) business days following receipt by Tradeknology of my Cancellation Notice. To cancel this Agreement, I must email Tradeknology’s Customer Success Department at [email protected]
I understand that, due to the nature of the Tradeknology Compensation Plan, all purchases could be subject to a cancellation fee.
It is also agreed that due to the nature of Tradeknology products, I understand that as a REP, there are inherent risks in conducting business and I will not hold the Company liable for actions that may occur outside of the control of the Company. I understand that if any such actions occur, none of the Tradeknology memberships, will be eligible for refund. These actions include, but are not limited to, governmental intervention (foreign or domestic), media reports regarding our products or similar products offered in the marketplace, acts of nature, acts of war, acts of conflict or trade dispute.
It is understood and agreed by you that you will have 90 days to fully activate and go through the KYC process in order to receive any commissions and bonuses after earning commissions. If Tradeknology is unable to communicate with you and/or you are unable to setup your payout dashboard to receive payment, Tradeknology will charge a $250 fee or 50% of your earned commissions or bonuses, whichever is greater, in order to reinstate your account. Any monies uncollected after three (3) months will go back to Tradeknology LLC.
It is understood and agreed by you that you will not use your credit card or debit card in any way that is contrary to the laws of the United States. You further agree that your use of your credit card relative to conducting any business with the COMPANY or purchasing any product or services binds you to the agreement between you and your credit card holder and the laws that are applicable for credit card use in the United States.
In order to maintain a viable marketing program COMPANY reserves the right to enforce a stop-loss mechanism that prohibits commission payouts from exceeding sixty (60%) to seventy (70%) percent of the allocated membership revenues received within a weekly commission period. This cap shall include all travel incentives, car bonus, global leadership pool or any other compensation to the REPs not paid automatically through the system.
I understand that failure to comply with the above COMPANY Terms and Conditions may result in termination, the COMPANY may suspend my REP status and any payments due to me may be held until final resolution has been achieved. I acknowledge that in the event of my violation of this Agreement and/or the COMPANY’s Terms and Conditions and/or Policies and Procedures, my REP rights may be terminated without further commission or payments of any kind.
I agree to indemnify and hold the COMPANY, its directors, officers, contractors or employees harmless from any and all claims, damages or expenses (including attorney fees) that may arise out of my actions or conduct in violation of this Agreement.
I acknowledge the COMPANY’S Compensation Plan is based on current products and is subject to change with or without notice.
© Tradeknology, LLC. All rights reserved.
Policies and Procedures
These Policies and Procedures as presented here and as amended from time to time at the sole discretion of Tradeknology LLC (hereafter “Tradeknology” or “COMPANY”), are incorporated into, and form an integral part of, the Tradeknology IBO Agreement, Compensation Plan and Terms and Conditions. Throughout these Policies and Procedures, when the term “Agreement” is used, it collectively refers to the Tradeknology IBO Agreement, the Tradeknology’s Policies and Procedures, the Tradeknology Compensation Plan and Tradeknology’s Terms and Conditions.
It is the responsibility of each Independent Business Owner to read, understand, adhere to, and ensure that he or she is aware of and operating under the most current version of these Policies and Procedures. When enrolling a new Independent Business Owner, it is the responsibility of the enrolling Independent Business Owner to provide the most current version of these Policies and Procedures, the Tradeknology Terms and Conditions and the Tradeknology Compensation Plan to the applicant prior to his or her execution of the IBO Agreement. Tradeknology reserves the right to change these Policies and Procedures, Terms and Conditions, Compensation Plan and marketing policies at any time.
The COMPANY conducts business in an ethical and credible manner and requires its Independent Business Owners to deal ethically with their customers, with each other and with the COMPANY. The COMPANY permits no unethical or illegal activity and will intercede when such behavior may exist, and the COMPANY reserves the right to use its best judgment in deciding whether certain Independent Business Owner activities are unethical. Furthermore, the COMPANY may use its own discretion in determining the appropriate course of action. If the COMPANY determines that unethical activities may exist, then it reserves the right to suspend or terminate Independent Business Owner status, including but not limited to all commissions and payments of any kind. Under no circumstances is an Independent Business Owner who is terminated for unethical or illegal activity entitled to a refund of their renewal fee, nor are they entitled to sell or transfer their position.
Examples of unethical behavior include but are not limited to the following:
Making any false or misleading remarks, statements, innuendos, or rumors that may disparage the COMPANY, its products or services, its compensation plan, its employees, its founders, staff or another COMPANY Independent Business Owner
Making any claim regarding the COMPANY’s products that are not found on the COMPANY’s current websites or official, current marketing material
Making unapproved income claims or revealing the amount of income you are or have received through the COMPANY or other network marketing opportunities that you may or may not have been involved in currently or previously
Re-labeling, altering in any way or repackaging any of the COMPANY’s products for financial gain or COMPANY’s financial loss
Directly or indirectly disclosing any information in your back office to a third party other than an official COMPANY authorized employee for the purpose of assisting you with a specific issue that is related to your Tradeknology Independent Business Ownership
Use any of the information in your back office or activity report in a manner to influence another Tradeknology Independent Business Ownership to alter their relationship with the Company in any way
Use the information in your back office or activity report to compete with the COMPANY in any way
Providing, selling, or revealing any customer lists and/or their contact information that appears in your activity report or downline report to a third party. This includes the customer lists and/or their contact information that belongs to the COMPANY or appears in any other Independent Business Ownership’s activity report or downline report.
Directly or indirectly disclosing the password or other access code to your back office or activity report
Use of another person’s credit card without express written permission
Forging any signature on any document physically or digitally
Depositing any check made out to the COMPANY into another account instead of immediately forwarding it to the COMPANY
Any unauthorized use of the COMPANY’s name, logos, photos, videos, trademarks or copyrighted material in any way or fashion
Violation of any state or federal laws or regulations
Competing with the COMPANY’s products or services directly or indirectly through association with another business or through your own personal efforts
Aggressive or abusive language, behavior or treatment or any inappropriate behavior toward any COMPANY employee, contractor, founder, or another COMPANY Independent Business Owner
The COMPANY does not extend coverage under any of its polices or products to Independent Business Owners. If you use your personal property (such as your car or computer, home, etc.) for business use, such property may not be covered for loss or damage.
Cross-line recruiting: An Independent Business Owner may not solicit an individual or entity that has been previously sponsored by another Tradeknology Independent Business Owner (or that is considering joining the COMPANY and being sponsored by another Independent Business Owner) to join their Tradeknology business as their direct enrollee.
The Independent Business Owner may not solicit any Tradeknology Independent Business Owner or entity to join another network marketing opportunity offered by another company during the term of their Tradeknology Independent Business Ownership and for a period of one year after unless it is partially owned or officially associated with Tradeknology, LLC. Violation of this company policy may result in immediate termination.
Cash or Monetary Incentives
The COMPANY strictly prohibits Independent Business Owners from offering cash or monetary incentives, promotions, prizes, or bonuses to members of their downline or upline organizational members, or customers as a method of influencing customer acquisition.
To eliminate crossline recruiting practices, the COMPANY strictly prohibits the use of cash or monetary incentives/promotions/prizes/bonuses for purposes of recruiting new Independent Business Owners.
The COMPANY has put in place a specific sales model and strongly encourages its Independent Business Owners to promote customer acquisition and recruiting by adhering to this sales model.
Territorial Rights/Conducting Business Across International Borders
Independent Business Owners can market services and products and sponsor new Independent Business Owners in any country where the COMPANY conducts business, without exclusivity. Independent Business Owners may only promote the COMPANY in countries where the COMPANY currently operates.
Independent Business Owners conducting business in foreign countries must adhere to the COMPANY Policies and Procedures governing activities in that country. Furthermore, compensation will be based on the current Compensation Plan of that specific country and be subject to conversion to U.S. funds.
Independent Business Owners are responsible for knowing and adhering to all laws and accepted business practices in the countries they choose to market. This includes but is not limited to immigration laws and accepted marketing practices.
Qualification Requirements for Payment
The COMPANY offers a variety of different ways that allows the Independent Representative to earn income through its Compensation Plan. Some of these payment plans require that the Independent Representative be Qualified. Qualification requirements are defined in the Compensation Plan. It is the responsibility of the Independent Representative to continually check to make sure that they are qualified for each individual pay plan that requires qualifications. The COMPANY will not be obligated to pay for any pay plan when an Independent Representative falls out of qualification.
Marketing Advertising Policy
Tradeknology, LLC offers a variety of different marketing tools that are provided by the company to help you build your business. These materials such as, presentations, videos, brochures and business cards are available through your replicated web site. There are those Independent Representatives who prefer to use their own materials or create materials for certain special events. In the event that this is the case, we have outlined our policy and procedures for personalized marketing materials.
Tradeknology, LLC requires that all personalized marketing material be approved, in writing by the COMPANY before an Independent Representative can DISTRIBUTE such material. Any request from an Independent Representative must be in writing and include the following:
Independent Representative Name
Independent Representative Username
Address and telephone number
The complete copy or material that you wish to submit
When you will use the material
Where it will be distributed
How you will distribute the material
Please email this request to: [email protected]
Once the materials are received, please allow 5 to 10 business days for processing. If you have not received a response in this time, please contact us via email at [email protected]
Under no circumstances may an Independent Representative place an ad to promote the COMPANY’s Products and/or Compensation Plan in a national publication without prior, written approval from the COMPANY.
Always introduce and refer to yourself as an Independent Business Owner, REP, Representative or Member of Tradeknology. You must never give the impression that you represent the COMPANY in any way as an employee or official agent.
The use of Tradeknology’s logos and trademarks or service marks is strictly forbidden without prior, written approval from the COMPANY.
Make sure that when you design the material, it clearly shows that it is coming from you as an Independent Business Owner and not produced by Tradeknology in any way shape or form.
You may use COMPANY written information that is commonly found in our current marketing materials but may not do so word for word without prior, written approval from the COMPANY as our materials are protected by copyright laws.
You must never make any promises of income.
You must always include on all your advertising of any form the following disclaimer:
WE PROVIDE ABSOLUTELY NO GUARANTEE THAT YOU WILL EARN ANY MONEY OR ACHIEVE A FINANCIAL GOAL USING THE METHODS, INFORMATION AND SUGGESTIONS IN THE CONTENT PROVIDED. ANY EXAMPLES OR DEMONSTRATIONS PROVIDED ARE IN NO WAY A GUARANTEE OR PROMISE THAT AN INDIVIDUAL WILL MAKE FINANCIAL GAINS OF ANY KIND. THE POTENTIAL FOR EARNINGS IS TOTALLY DEPENDENT ON THE PERSON USING OUR WEBSITE, SERVICES, METHODS, AND IDEAS. TRADEKNOLOGY DOES NOT PROVIDE OR RECOMMEND A "GET RICH SCHEME" OR A "MAKE MONEY SCHEME". YOUR LEVEL OF SUCCESS IN OBTAINING THE RESULTS CLAIMED IN OUR MATERIALS DEPENDS ON THE TIME YOU DEVOTE TO THE METHODS AND IDEAS PROVIDED, YOUR OWN FINANCIAL RESOURCES, YOUR VARIOUS EXPERIENCES, SKILLS, KNOW HOW AND YOUR OWN KNOWLEDGE. ALL THESE FACTORS VARY FROM ONE INDIVIDUAL TO ANOTHER. WE CANNOT GUARANTEE THE RESULTS YOU OBTAIN OR YOUR SUCCESS OR YOUR INCOME LEVEL OR ANY OTHER OUTCOME YOU DESIRE. WE DO NOT TAKE ANY RESPONSIBILITY FOR YOUR ACTIONS.
If you choose not to use the business cards produced by Tradeknology, LLC, you must then follow the following procedures:
You may not use the Tradeknology logo, however, you may use the Tradeknology name.
Refer to yourself as an Independent Representative or IBO or Representative.
Do not make any promises or claims of income, ever.
The Promotion of International Expansion
Tradeknology, LLC has plans to enter into the international world by marketing our products into other countries. It is important to point out that every country has its own established rules and regulations that companies must follow in order to market their products. The process can be very precise. It is therefore important that all Independent Business Owners of Tradeknology refrain completely from trying to market our product in other countries at this time. Tradeknology will announce to our Independent Business Owners as we receive individual approvals to market our products, one country at a time. Upon those announcements, Independent Business Owners will then be allowed to market our product in those countries. In keeping with this policy, Independent Business Owners must:
Not market our product or opportunity to anyone in a country that is not approved by Tradeknology, LLC.
Not market in any form to prospects in a country that is not approved by Tradeknology, LLC.
When developing personal marketing materials for any country that is approved by Tradeknology, please refer to the appropriate guidelines the COMPANY sets forth for that country.
Direct Mail Pieces, Fliers and Brochures
Independent Business Owners will not be allowed to substitute their names on any materials that have been previously approved for other Independent Business Owners
Photocopying of any marketing materials provided by Tradeknology, LLC. is not permissible, however, Independent Business Owners my print any current material that is provided by the company off of our website.
Tradeknology, LLC does not permit Independent Representatives to send unsolicited e-mails. Any e-mail sent by an Independent Representatives that promotes Tradeknology, the Tradeknology Opportunity, or Tradeknology products and services must comply with the following:
There must be a functioning return e-mail address to the sender that includes a request that future e-mail solicitations or correspondence not be sent to him or her (a functioning “opt-out” notice).
The use of deceptive subject lines and/or false header information is prohibited.
All opt-out requests, whether received by e-mail or regular mail, must be honored.
All emails sent that promote Tradeknology, its Opportunity or products, must adhere to all the other marketing and advertising guidelines in this policy.
Trademarks and Copyrights
The COMPANY will not allow the use of its trade names, trademarks, designs, photos, videos, audio recordings or symbols by any person, including a COMPANY Independent Business Owner, without its prior, written permission by the COMPANY. Independent Business Owners may not produce for sale or distribution any recorded company events and speeches without written permission from the COMPANY; nor may Independent Business Owners reproduce for sale or for personal use any recording of company-produced audio or video presentations.
Media and Media Inquiries
Independent Business Owners must not attempt to respond to media inquiries regarding the COMPANY, its products, or their independent businesses. All inquiries by any type of media must be immediately referred to COMPANY Public Relations Department. This policy is designed to assure that accurate and consistent information is provided to the public as well as a proper public image.
CANCEL: The termination of an IBO’s business. Cancellation may be either voluntary, involuntary, or through non-renewal.
COMPENSATION PLAN: The guidelines and referenced literature for describing how IBOs can generate commissions and bonuses.
CUSTOMER: A Customer who purchases a Tradeknology membership and does not sign up as an IBO or engage in building a business or selling the services of Tradeknology.
INDEPENDENT BUSINESS OWNER (IBO): An individual who subscribes to the IBO Program Fee and agrees to the Business Owner Agreement and the Policies and Procedures of Tradeknology, which gives the individual the ability to build a business promoting the products and services and Tradeknology and earn Commissions and Bonuses per Tradeknology’s Compensation Plan.
ORGANIZATION: The Customers and IBOs placed below a particular Independent Business Owner in Tradeknology’s Binary and Unilevel structures.
PLACEMENT: Your position inside your Sponsor’s organization.
RECRUIT: For purposes of Tradeknology, LLC’s, the term “Recruit” means the actual or attempted solicitation, enrollment, encouragement, or effort to influence in any other way, either directly, indirectly, or through a third party, another person to enroll or participate in a multilevel marketing, network marketing, or direct sales opportunity.
SPONSOR: An IBO who enrolls a Customer or another IBO into the Company and is listed as the Sponsor in the backoffice. The act of enrolling others and training them to become IBOs is called “sponsoring.”
UPLINE: This term refers to the IBO(s) above a particular IBO in a sponsorship line up to the COMPANY. It is the line of sponsors that links any particular IBO to the COMPANY.
TEAM GENEALOGY: It is the binary organization that lives in the IBOs backoffice that does not represent the referral timeline but instead places people according to the placement settings from the IBO and his/her upline within the COMPANY binary structure.
REFERRAL GENEALOGY: It is the direct referral organization that shows all directly referred IBOs on their level 1 and their direct referrals on level 2 and so on. This organization is also shown in the IBOs backoffice under Referral Genealogy.
The COMPANY supports the practice of Regional and local Training Events, Super Saturdays, "Personal Business Opportunity Meetings” and Private Business Receptions, as they are valuable educational tools when held properly with both professionalism and integrity. Under no circumstances are any type of meeting/training session intended to provide any additional income stream to those who are sponsoring the events and must be offered as non-profit activities at all times.
All Regionals, "Super Saturdays,” private marketing events, or on-line webinars must be submitted to the COMPANY for approval in conjunction with the current terms of hosting such events. Events that do not receive prior approval will be considered operating outside of the COMPANY’s approval and philosophy and will not be promoted or endorsed by the company in any manner. Any Tradeknology supported event must be led by a Master Builder 2000 or above. Person responsible must email [email protected] for coordination and COMPANY support approval.
Attendance at COMPANY events is not a requirement for being an Independent Business Owner, nor a prerequisite for success in this business.
The COMPANY reserves the right to pursue the remuneration of any legal or operational fees or the recovery for any damages as a result of any policy violation by the COMPANY Independent Business Owners. The COMPANY also reserves the right to recoup such costs from future bonuses, commissions, or other payments.
The COMPANY reserves the right to limit or disallow any marketing activities that cast negative aspersions on the integrity, truthfulness, and/or reputation of the COMPANY.
Transfer/Disposition of Independent Representatives Business
An Independent Business Owner’s position can be inherited or bequeathed but cannot be transferred or assigned during his or her lifetime without written consent of the COMPANY, which consent will not be unreasonably withheld. The COMPANY may charge a transfer fee.
Upon the death or incapacity of an Independent Business Owner, or of its principals, the rights to the commission and marketing position shall pass to the designated successor, provided said successor complies with all the terms of the COMPANY agreement, the COMPANY’s Policies and Procedures and fulfills the duties and obligations required of an Independent Business Owner herein. In the case of a transfer to an existing Independent Business Owner, or to an individual listed as a partner/shareholder/trustee in an existing Independent Business Owner status, the individual will need to contact the COMPANY at [email protected] to discuss his/her options in either maintaining the status or transferring it. If the transfer is of a temporary nature (i.e. the Independent Business Owner is temporarily incapacitated), the subsequent activation and deactivation will likewise be temporary.