Membership Contract

General
 
1. Member agrees to sell products or services at the advertised or prevailing rate for 100% iTrade trade dollars. If the member’s account balance reaches a balance of $5,000, member may notify iTrade that he/she wishes to be temporarily placed on hold/standby. (Member will not accept iTrade sales until he/she has had an opportunity to spend credits).

2. Member agrees not to demand any portion of a sale in cash without prior approval of iTrade and only then if the sale amount exceeds the above noted sales limit. Gratuities are to be paid in cash.

3. Member agrees to pay a one-time setup fee of $495.00 and annual dues of $ 195.00 ($100 may be paid in iTrade trade dollars if available).

4. The member agrees to pay a 6% cash fee on all transactions (gross monthly sales and purchases) within 30 days of statement/invoice date. A 2% monthly late fee will apply to all accounts over 30 days past due. iTrade may close accounts that are 60 days or more past due.

5. iTrade may establish a line of credit for member subject to a separate credit application and agreement.

6. Member or iTrade may cancel this contract at any time providing all fees are paid and no trade dollars are owed. Notice must be given in writing at least 7 days prior to cancellation.

7. Member accepts responsibility to report all income for tax purposes.