“RESIDUALINCOME Feeder Programme”

TERMS AND CONDITIONS

”RESIDUALINCOME Feeder Programme” Policies.

These Policies and Procedures were formulated for the purpose of ensuring growth and practical business operations, for you to use on a regular basis. Please refer to them when you have questions about ”RESIDUALINCOME Feeder Programme” or need to clarify any concerns about your business practices.

”RESIDUALINCOME Feeder Programme” reserves the right to revise this information at any time.

”RESIDUALINCOME Feeder Programme” uses the term Member, Independent member, Investor as one and the same.

When you register as an Independent Member of ”RESIDUALINCOME Feeder Programme” you agree to follow and be bound by the Company Code of Ethics and all the Policies and Procedures, which are incorporated into the Member Application.

Violations of the Company Code of Ethics, Member Agreement, or the written Policies and Procedures may be cause for cancellation of Membership. Please read through these Policies and Procedures carefully to fully benefit and understand your rights and responsibilities as a ”RESIDUALINCOME Feeder Programme” member.

1. CODE OF ETHICS

1. I will follow the highest standards of honesty and integrity in all that I do.
2. I will not make negative or disparaging remarks about ”RESIDUALINCOME Feeder Programme”, their officers and employees, other people, products or firms.
3. I will present our marketing plan accurately and honestly, clearly portraying the level of effort required achieving success.
4. I will carry out all the duties of sponsorship and responsible leadership as I build my business. I will treat everyone, whether they are in my sales team or not, with the same courtesy.
5. I will not promote ”RESIDUALINCOME Feeder Programme” as a Tax avoidance scheme.
6. I will not produce marketing or training aids of any kind for sale to other members without the prior written permission from the “RESIDUALINCOME Feeder Programme”.
7. I will consistently put forth my best efforts to promote the success of my business. I will not engage in activities that will cause loss to another member or ”RESIDUALINCOME Feeder Programme”.
8. I will not use the “RESIDUALINCOME Feeder Programme“ name, information literature, gatherings of people or other Company Resources to further other business interests (i.e. selling insurance etc. or sponsoring into other companies).
9. I will abide by all Policies and Procedures that pertain to the operation of my business.

2. POLICIES AND PROCEDURES

1. An applicant is considered to be a duly authorized Independent Member, herein after called the Member, if ”RESIDUALINCOME Feeder Programme” accepts the completed Member Application and Agreement.
2. Company reserves the right to accept or reject any Member Application and Agreement form without having to assign any reason for its acceptance or rejection.
3. All Members are independent contractors and are neither agents nor employees of ”RESIDUALINCOME Feeder Programme”.
   
4. The Member is responsible for bearing all costs and expenses incurred in the conduct of their Membership.
   
5. An Applicant must be 18 years of age.
   
6. A Member must have only one sponsor.
   
7. Husbands and wives, married or de facto, may sponsor each other or have different sponsors. This also applies to any interlocking directorships or share holdings that may exist from a business/ Member relationship.

However it should be noted, that all Members must meet their own personal qualification levels to receive Income.

If a married couple have joined as one Applicant and become divorced, the Membership shall be maintained in the name of the principal Applicant on the Member Application unless the company receives a certified copy of Divorce Decree which orders otherwise. A Member cannot resign and rejoin under a different name.

3. SPONSORING
All Members have the right to sponsor others. A sponsoring Member has the responsibility to assist, train, develop and monitor a person they introduce, in the various aspects of the program.

A sponsoring Member must not exaggerate the earning potential that may result from this business opportunity.

A sponsoring Member is obliged to fairly and fully explain the marketing plan to all prospective Members, making sure to stress that the degree of success is directly related to individual effort and ability.

4. THE SALE OF A MEMBERSHIP
A Membership may be sold with the written approval of ”RESIDUALINCOME Feeder Programme”. Therefore, it can be sold to any other member or prospective Member, but the position of that membership for sale in the Team will remain unchanged and the rest of Team shall remain at their current position.

Members who sell their ”RESIDUALINCOME Feeder Programme” business can rejoin Company as soon as the sale has been executed and has been authorized by the Company.

5. DEATH
In the event of death, a membership may be willed. Official proof of the inheritors must be provided to Company However, Company will not be party to division and will only recognize one inheritor, be it individual, married couple, or a Business.

6. MISREPRESENTATION
Members will not misrepresent ”RESIDUALINCOME Feeder Programme” in any manner whatsoever at any time. For purposes of this policy, misrepresentation includes, but is not necessarily limited to the following:

1. Reviewing the marketing plan with any person without clearly advising them that no remuneration is received solely for enrolling or sponsoring new members.
2. Stating that any person has made or may make any specific income through the use of the marketing plan and by the generation of income, whether by specific example, geometric progression, or otherwise. Unless in the same presentation it is stated that said hypothetical or potential earnings, as earnings may vary due to individual efforts, geographic location, timing and many other factors.

7. ADVERTISING
Advertising in any form is strictly prohibited without written authorization from Company. This includes advertising business opportunity or income benefits whether or not Company name or logo is used. This includes advertising in; newspapers, magazines, on flyers, letterbox drops, radio, television, recorded messages on answering machines, barter card type systems and the like, any telephone directories, White Pages, Yellow Pages, local directories and the like. Members are only permitted to promote and/or advertise themselves as Independent Members of ”RESIDUALINCOME Feeder Programme”.

Members are not permitted to take advantage of Company’s name and are therefore not permitted to either infer or imply that they have a direct association or affiliation with Company by promoting themselves by way of ”RESIDUALINCOME Feeder Programme” or name variations.

All advertising and promotional material authorized by Company can be used by Members. No Member will be permitted to have exclusive rights to approved advertising and promotional material. Failure to comply will result in the immediate cancellation of the offending membership.

8. LITERATURE
Solely Company produces the only literature approved for use by members.

All promotional material appearing on the Web Site is approved for downloading to print and copying onto disc for promotional use to prospective members however it may not be altered or added to in any way.

9. MEDIA
No Member may speak for ”RESIDUALINCOME Feeder Programme” by way of an interview on radio, television or through the press, including any periodical. If approached for such purpose the Member should contact Company.

10. CHANGE OF ADDRESS AND/OR PHONE NO - EMAIL ADDRESS
It is the responsibility of the member to Edit and update any change of address, telephone number, or E-mail address. This can happen by going into the member’s area on your website using the username and password that was given by you upon registration - this will ensure that all members’ details are kept up to date.

11. DOWNLINE REPORTS
Members can view their personal downline report online anytime by entering their member’s area with password.

12. CANCELLATION
Should a Member wish to cancel their Membership Agreement with Company the Member should notify ”RESIDUALINCOME Feeder Programme” by E-mail. If the Membership is cancelled, that member may not apply for a new membership for at least 6 months after Company has received the notice of cancellation.
Company reserves the right to cancel a membership Agreement should there be any breach by the member of the Agreement.