The Trade Alliance® on-line MEMBERSHIP AGREEMENT
on-line MEMBERSHIP AGREEMENT
You understand that you own your own company and domain and are free to operate with your own rules and regulations.
The Trade Alliance
A. CONTRACT AND MODIFICATION OF CONTRACT
The following terms & conditions constitute the contract by and among Member and The Trade Alliance®, a Corporation. Any use of The Trade Alliance®, hereafter referred to as TTA, to facilitate a transaction by a Network Member (hereinafter referred to as Member) constitutes acceptance of all terms, conditions, policies and procedures as most recently adopted by TTA. They apply to all TTA Member's and to all transactions facilitated by TTA. At its sole discretion, TTA may amend this agreement by giving Member thirty (30) days written notice via e-mail. TTA may amend the Policies and Procedures with seven (7) days written notice via e-mail. Any purchase or sale by Member, which makes use of TTA after these time frames constitutes acceptance by Member of such change(s) and the agreement of Member to abide by the same.
B. PARTICIPATION IN THE EXCHANGE
- NATURE OF THE PARTIES
- A. TTA is an association of barter exchanges who have joined together to do business among themselves through the organized system which is regulated by the record-keeping and administrative services of TTA or its designee and through the medium of TTA Trade Dollars. TTA functions as a clearinghouse for the transactions of the Network membership.
- B. TTA regulates the network and acts as a third party record-keeper and administers the clearinghouse function of the network for the Members'.
- C. Member is a bona fide and legal business that desires to do business with other members of the network and hereby subscribes to TTA services. Member warrants that it is in compliance with all State, Federal, industry and professional laws and regulations.
- D. TTA reserves the right of final approval of this agreement and may refuse to accept anyone as a Member for any reason it deems necessary.
- E. The signer of this agreement hereby acknowledges that they are over 18 years of age.
- DISCLAIMER OF WARRANTY AND LIABILITY
TTA makes no representation or warranty, either express or implied, and disclaims all liability, as to the fitness, quality, delivery date, prices or any term of any trade transaction. Member agrees to indemnify and hold TTA harmless with respect to any claim, debt, or liability whatsoever, arising out of any transaction wherein Member is a Buyer or Seller. Member acknowledges that any transaction facilitated by the Network, in which Member participates is entered into by Member on a voluntary basis. Member agrees to waive any claim, debt, or liability whatsoever against TTA because of any computer or software malfunction or processing errors.
Seller shall be solely responsible to collect and remit to the appropriate taxing authorities the applicable taxes and shall collect and record these as required by law. Under no circumstances is TTA responsible to pay any taxes on behalf of any Member. Transactions involving TTA Trade Dollars are generally treated as taxable events for federal, state or provincial, and local tax purposes and TTA reports Trade Dollar sales to the appropriate government taxing authority. The declaration and reporting of applicable taxes resulting from trade transactions rests solely with the Member. Member agrees to indemnify and hold TTA harmless for any actions TTA takes to comply with federal, state or provincial, and local laws.
C. ADMINISTRATION OF THE EXCHANGE AND TTA TRADE DOLLARS
- NATURE OF TTA Trade Dollars
- Member's conduct transactions (purchases or sales of goods or services) using the TTA online system. Payments are made by posting debits and credits to the buying and selling Member's respective accounts, pursuant to these Rules and in the form of TTA Trade Dollars or the trade dollars of the barter exchange using TTA software.
- TTA Trade Dollars are a private currency which operates as contractually accepted tender for specified private debts only, between exchange members, backed only by the goods and services available within the Network, and regulated by TTA. These Trade Dollars denote value received for goods or services sold, and may be exchanged for other goods or services made available by TTA Member's. Trade Dollars may be used only in the manner and for the purposes set forth in this agreement and the Policies & Procedures. Neither TTA nor Member shall consider TTA Trade Dollars as legal tender, securities, or commodities. TTA disclaims any and all responsibility for the acceptance or negotiability of TTA Trade Dollars or for the availability of goods or services from any source. Barter dollars are not exchangeable for cash in US Dollars or any other currency.
- LIABILITY FOR TTA Trade Dollars
- Member acknowledges that TTA Trade Dollars in the Network (positive balances) are the liabilities of persons who have spent more than their earnings (negative balances); that there is a creditor/debtor relationship between such persons, and that TTA transactions incur the normal business risks associated with any credit transaction. Any negative trade balances are solely the liability of Members' who owe TTA Barter Dollars to the Exchange and are not the liability of TTA. When sales to other exchanges or their members exceed purchases from other exchanges or their members it is the exchanges responsibility to ficilatate purchases with other exchanges and their members.
- a. Member acknowledges and grants to TTA the right and power to regulate and control the number of TTA Trade Dollars within the Network.
- b. Member is NOT authorized to sell TTA Trade Dollars for cash or trade them for another barter currency at a discounted rate.
D. SUSPENSION OR TERMINATION
- If Member violates this Agreement or the currently effective Policies and Procedures or is past due more than 30 days for fees due, TTA may at it's discretion immediately terminate Member's account or may freeze all activity in the account without notice and/or make immediate adjustment to the transactions involved. At its sole discretion, TTA may reinstate Member or unfreeze Members' account.
- Either party may terminate this Agreement upon seven (7) days written notice to the other party. ( Fax or E-mail is an acceptable notification) Upon termination:
- A. All cash and TTA Trade Dollar service fees outstanding become due and payable. No service fees will be refunded. No exchange shall have access to any stored data as long as any fees due are not paid in full.
- B. Any Member with a negative account balance (where purchases exceed sales) must balance their account with TTA Trade Dollars within thirty days of termination date. After said thirty day period, Member must immediately pay to TTA any remaining negative trade balance in cash. No data stored by TTA will be released to any exchange that has a negative account balance until such negative balance is paid by sales or cash.
- C. Any Member with a positive balance (where sales exceed purchases) must spend out their account within ninety days of termination. Any trade dollars remaining after ninety days will become the property of TTA.
- D. Access to any information contained within The Trade Alliance database is given only to the exchange owner and is not allowed to be copied or released to any party that is not a member in good standing within The Trade Alliance
- 3 An exclusive Member Protection Plan protects your members in the event your exchange goes out of business. The Trade Alliance® guarantees your members will be placed with another exchange in or near their area or to a national exchange. Changing the name of your exchange or selling your exchange does not constitute going out of business. As the owner of the exchange you have the right to first place your members elsewhere should you go out of business. We consider an exchange out of business if owner or owners abandon all their members for a period of 3 months or more or notify us of intent to cease operation and have not sold their exchange or member exchange is 60 days or more past due on fees owed to The Trade Alliance®.
E. FEES For those using the full software management package.
- There is a 1 time, non refundable sign up fee of $200.00 for barter exchanges with less than 50 members.
- Funds for any cash fees must be available at the time of the transaction or it will not be processed. You may do this by having a debit or credit card on file.
- Any cash fees paid to TTA are non-refundable. If buyers or sellers do not complete a transaction, or if performance of Members' obligations to each other is disputed, TTA will not be obligated to refund any fees it has received.
Usage fees payable are due at the end of each month and fees due for more than 10 days will be assessed a late fee of $25.00 per month, or 1.50% of the unpaid balance, whichever is more.
Ongoing services fees are 0.50% (1/2%) of members transaction volume per month, payable in cash and charged to members credit card on file.
- Ongoing services fees are a minimum of $35.00 US dollars per month, payable in cash and charged to members credit card on file.
- Ongoing services fees are a maximum of $500.00 US dollars per month, payable in cash for up to 5 websites.
- We do NOT offer to keep geographic areas exclusive.
- By acceptance of this agreement the Member agrees personally and corporately to guarantee payment of all cash fees and is responsible for all negative barter dollars, if any and any negative barter dollars become due and payable in cash 30 days after termination of their use of TTA software.
- Should a user of TTA software have fees due at the termination of the agreement those fees must be paid before any data is released.
- LEGAL REQUIREMENTS
Member shall abide by applicable international, federal, state or provincial, and local laws or regulations pertaining to exchange transactions. TTA shall not be responsible for any failures on the part of Member to comply with such laws and regulations. Member agrees not to hold TTA liable for any action TTA takes to comply with applicable laws or regulations.
- NO WAIVER OF RIGHTS
TTA failure or delay in exercising any right, will not operate as a waiver of that right, nor shall the partial exercise of a right preclude any other or further exercise of any right. TTA remedies are cumulative and are not exclusive of any remedies provided by law.
- SEVERABILITY; ATTORNEY'S FEES
Every item contained in this agreement is separate from every other term herein. If any term should be judged unenforceable, it shall not affect the enforceability of other terms outlined in this Agreement or the Policies and Procedures. If legal action must be taken by TTA, Member shall pay TTA reasonable attorney's fees, costs, plus interest from the date of default until payment in addition to any other judgment as granted by a court of law or an acceptable arbitration.
If TTA terminates or otherwise ceases to do business, all Members' in a negative TTA Trade Dollar position will pay amounts they owe in cash (one TTA TradeDollar being equal to one United States dollar in cash) into a fund. The fund, less expenses, will be distributed pro rata to all Members' who are in a positive TTA Trade Dollar position. TTA is not liable to any Member's for cash or TTA Trade Dollars beyond the distribution of such funds.
- SECURITY INTEREST
Member hereby grants TTA a security interest in all Trade Dollars in Member's account for the amount of all unpaid cash fees. If Member becomes insolvent or bankrupt all cash fees shall be due and payable in full. TTA shall have the option in lieu of filing as a creditor of treating the Trade Dollar balance as equal in value to the amount of cash fees owed, and terminating the account; provided however, that if TTA does receive all of its cash fees in full, TTA shall reinstate the Trade Dollars to the Member's account.
- WARRANTY OF INFORMATION
Member warrants that it provides all information to TTA in good faith and that such information is accurate to the best of Member's knowledge.
- FAX & E-MAIL SIGNATURES
TTA will, and Member agrees, that TTA may, accept a faxed or e-mailed signature as an original, legal signature.
- ENTIRE AGREEMENT
Member acknowledges that it is not relying on any oral representations concerning this Agreement and that the complete agreement between the parties is contained in the Member Application, this Agreement and the Policies & Procedures.
- NO WAIVER OF RIGHT
TTA's failure or delay in exercising any right, will not operate as a waiver of that right, nor shall the partial exercise of a right preclude any other or further exercise of any right. TTA remedies are cumulative and are not exclusive of any remedies provided by law.
MEMBER AGREES TO HOLD HARMLESS TTA, IT'S OFFICERS, AGENTS, REPRESENTATIVES, ASSOCIATES AND ASSIGNS FROM ANY LOSSES, LIABILITY OR DAMAGES WHICH MAY RESULT FROM MEMBERS' PARTICIPATION IN ANY OF TTA's TRANSACTIONS, ACTIVITIES, PROGRAMS, PROMOTIONS, OR ADVERTISING, INCLUDING THE COSTS OF LITIGATION AND ATTORNEYS FEES.
- JUDGMENT SETTLEMENT
In the event of a dispute between TTA and Member resulting in a judgment entered on behalf of the Member against TTA, Member agrees that TTA shall have the right to satisfy said judgment in TTA Trade Dollars.
G. APPLICABLE LAW
- This agreement shall in all respects be construed under the laws of the State of FL.
- Venue shall be Citrus County, Florida USA.
- Statute of Limitations. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of The Trade Alliance® services or the Terms must be filed within one (1) year after such claim or cause of action arose or be forever barred.