1. I understand that as an Independent Distributor for Global Bitcoin Community (the "Company"):
I. I have the right to offer for sale the Company's products and services in accordance with these Terms and Conditions.
II. I have the right to enroll persons in the Company.
III. If qualified, I have the right to earn commissions pursuant to the Company's Bonus Plan.
2. I agree to present the Company's Marketing, Bonus Plan, products and services, among other revenue generating instruments offered by the Company as set forth in official Company literature, as may be amended from time-to-time.
3. I agree that as a Distributor for the Company, I am an Independent Contractor, and NOT an employee, partner, legal representative, or franchisee of the Company. I agree that I will be solely responsible for paying all expenses incurred by myself, including but not limited to travel, food, lodging, secretarial, office, long distance telephone and other expenses. I UNDERSTAND THAT I SHALL NOT BE TREATED AS AN EMPLOYEE OF THE COMPANY FOR ANY COUNTRY TAX PURPOSES. The Company is not responsible for withholding and shall not withhold or deduct from my bonuses and commissions, if any taxes of any kind. I further understand that I will be required to report my earnings according to the local tax laws of my legal Distributor address/location of formation.
5. In rendering the services hereunder and in connection with my agreement in Section 2 above to present the Company's Marketing, Bonus Plan, products and services, among other revenue generating instruments offered by the Company as set forth in official Company literature, I agree to comply with all applicable local country laws and the rules and regulations of self-regulatory agencies applicable to the presentation and sale of the Company's Marketing, Bonus Plan, products and services, among other revenue generating instrument
6. The term of this agreement is one year (subject to prior cancellation pursuant to the Policies and Procedures). If I fail to annually renew my business, or if it is canceled or terminated for any reason, I understand that I will permanently lose all rights as a Distributor. I shall not be eligible to sell the Company's products and services, nor shall I be eligible to receive commissions, bonuses, or other income resulting from the activities of my former sales organization. In the event of cancellation, termination or nonrenewal, I waive all rights, including but not limited to property rights, to my former sales organization and to any bonuses, commissions or other remuneration derived through the sales and other activities of my former organization. The Company reserves the right to terminate all 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. A Distributor may cancel this Agreement at any time, and for any reason, upon written notice to the Company through the Company's support ticketing system which is accessed via the website and mobile app.
7. I may not assign any rights under the Agreement without the prior written consent of the Company. Any attempt to transfer or assign the Agreement without the express written consent of the Company renders the Agreement voidable at the option of the Company and may result in termination of my business.
8. I understand that if I fail to comply with the terms of the Agreement, the Company may, at its discretion, impose upon me disciplinary sanctions as set forth in the Policies and Procedures. 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 the sales for such bonuses or commissions have been completed. I agree that the Company may deduct, withhold, set-off, or charge to any form of payment I have previously authorized, any amounts I owe or am indebted to the Company.
9. The Company, its parent or affiliated companies, brands, directors, officers, shareholders, employees, assigns, and agents (collectively referred to as "affiliates"), shall not be liable for, and I release and hold harmless the Company and its affiliates from, all claims for consequential and exemplary damages for any claim or cause of action relating to the Agreement. I further agree to release and hold harmless the Company and its affiliates from all liability arising from or relating to the promotion or operation of my business and any activities related to it (e.g., the presentation of the Company's products or Compensation and Marketing Plan, the operation of a motor vehicle, the lease of meeting or training facilities, etc.), and agree to indemnify the Company and its affiliates for any liability, damages, fines, penalties, or other awards arising from any unauthorized conduct that I undertake in operating my business.
10. The Agreement, in its current form and as amended by the Company, at its discretion, constitutes the entire contract between the Company and me. Any promises, representations, offers, or other communications not expressly set forth in the Agreement are of no force or effect.
11. Any waiver by the Company of any breach of the Agreement must be in writing and signed by an authorized officer of the Company. Waiver by the Company of any breach of the Agreement by me shall not operate or be construed as a waiver of any subsequent breach.
12. If any provision of the Agreement is held to be invalid or unenforceable, such provision shall be severed, and the severed provision shall be reformed only to the extent necessary to make it enforceable. The balance of the Agreement shall remain in full force and effect.
13. This Agreement will be governed by and construed in accordance with the laws of The United Kingdom without regard to principles of conflicts of laws. In the event of a dispute between a Distributor and the Company arising from or relating to the Agreement, or the rights and obligations of either party, the parties shall attempt in good faith to resolve the dispute through nonbinding mediation as more fully described in the Policies and Procedures. The Company shall not be obligated to engage in mediation as a prerequisite to disciplinary action against a Member. If the parties are unsuccessful in resolving their dispute through mediation, the dispute shall be settled totally and finally by arbitration as more fully described in the Policies and Procedures.
14. Notwithstanding the foregoing, either party may bring an action before the courts seeking a restraining order, temporary or permanent injunction, or other equitable relief to protect its intellectual property rights, including but not limited to customer and/or distributor lists as well as other trade secrets, trademarks, trade names, patents, and copyrights. The parties may also seek judicial enforcement of an arbitration award. In all actions before the courts, the parties consent to exclusive jurisdiction and venue before the Courts of The United Kingdom.
Consent to Electronic Record
The term of the Distributor Agreement is one year and may be renewed for successive one-year terms on each anniversary date of the Agreement. If the Agreement is not renewed on each anniversary date, it will be cancelled, and you will lose all rights as a Distributor for the Company. So that you do not inadvertently forget to renew and lose these benefits, the Company offers an optional automatic renewal program. This Application will not be "signed" in the sense of a traditional paper document. To "sign" this Application, please check the indicated "Agree" button.