ALL EFFORTS HAVE BEEN MADE TO PRECISELY REPRESENT THIS WEBSITE AND THE SERVICES. THERE IS UNEQUIVOCALLY NO GUARANTEE THAT ANY USER WILL EARN ANY AMOUNT OF MONEY OR ATTAIN ANY FINANCIAL GOAL WHILE OR FOR USING THE METHODS, INFORMATION, DATA, RECOMMENDATIONS SUGGESTIONS AND IDEA IN THE CONTENT PROVIDED HEREIN. ANY EXAMPLES OR ILLUSTRATIONS MADE AVAILABLE ARE IN NO WAY A GUARANTEE OR PROMISE THAT ANYONE WILL MAKE ANY FINANCIAL GAIN OF ANY FORM. THE POTENTIAL FOR EARNINGS ENTIRELY DEPENDS ON THE INDIVIDUAL USING THE WEBSITE, SERVICES, METHODS, INFORMATION, DATA, RECOMMENDATIONS, SUGGESTIONS, AND IDEAS OR ANY FORM OF CONTENT. THIS WEBSITE DOES NOT IN ANY WAY OFFER, SUGGEST OR ENDORSE A “GET RICH SCHEME” OR A “MAKE MONEY SCHEME.”
IF REQUESTED, WE CAN PROVIDE AUTHENTICATION FOR ANY PARTICULAR CLAIMS OF GENUINE EARNINGS OR EXAMPLES OF ACTUAL RESULTS. YOUR REAL LEVEL OF SUCCESS IN THE OBTAINING OF THE RESULTS CLAIMED IN OUR MATERIALS IS DEPENDENT ON THE LENGTH OF TIME THAT YOU DEDICATE TO THE METHODS AND IDEAS PROVIDED, YOUR FINANCIAL RESOURCES, YOUR DIFFERENT EXPERIENCES, SKILLS, AND KNOWLEDGE. ALL THESE FACTORS DIFFER FROM ONE PERSON TO ANOTHER. WE OFFER NO GUARANTEE ON THE RESULTS YOU WILL OBTAIN, YOUR SUCCESS, YOUR INCOME LEVEL, OR ANY OTHER OUTCOME YOU WANT. WE TAKE NO RESPONSIBILITY FOR YOUR ACTIONS, EITHER DIRECTLY OR INDIRECTLY.
FUNCTIONALITY AND CONTENT MADE AVAILABLE THROUGH OUR SERVICES, AND WEBSITE MAY HAVE INFORMATION THAT TAKES ACCOUNT OF OR ARE PROVIDED ON FORWARD-LOOKING STATEMENTS. SUCH STATEMENTS SPECIFY OUR EXPECTATIONS OR FORECASTS OF FUTURE OCCURRENCES OR EVENTS. THESE STATEMENTS CAN EASILY BE IDENTIFIED BY THE FACT THAT THEY HAVE NO STRICT RELATIONSHIP WITH CURRENT OR HISTORICAL FACTS. ALSO, THEY USE WORDS LIKE “ANTICIPATE”, “BELIEVE”, “EXPECT”, “PROJECT”, “ESTIMATE”, “MAY”, “POSSIBLE”, “PLAN”, “INTEND” AND OTHER WORDS, PHRASES AND TERMS OF SIMILAR MEANING ALONGSIDE DESCRIPTIONS OF POSSIBLE OR POTENTIAL EARNINGS, INCOME, OR OTHER FINANCIAL INFORMATION.
ANY FORWARD-LOOKING STATEMENTS AVAILABLE ON OUR WEBSITE OR ON ANY OF OUR SALES AND MARKETING CONTENT ARE EXCLUSIVELY TO EXPRESS OUR VIEW OF INCOME POTENTIAL. VARIOUS FACTORS WILL HAVE IMPACT ON YOUR FINANCIAL RETURNS AND ACTUAL RESULTS. WE OFFER NO GUARANTEES THAT YOU WILL GET ANY RESULT LIKE OURS OR ANYONE ELSE’S. THERE IS NO GUARANTEE THAT YOU WILL GET ANY RESULTS AT ALL FROM OUR WEBSITE, SUGGESTIONS, METHODS, OR OUR OTHER CONTENT. ANY FINANCIAL INFORMATION OR RESULTS FOUND ON OUR WEBSITE OR WITHIN ANY OF OUR CONTENT ARE NOT TYPICAL. THIS MEANS THAT YOUR RESULTS WILL DIFFER FROM OTHER PEOPLE’S.
IT IS IMPORTANT FOR YOU TO CARRY OUT YOUR OWN INDEPENDENT RESEARCH BEFORE PERFORMING ANY FORM OF BUSINESS ACTIVITY ON OUR PLATFORM.
Every Potential Member, Free Trial Member, Interested Customer, Member, or Subscriber of any kind, is required to thoroughly and carefully read this legal disclaimer to understand, and agree, to the legal terms set forth.
KINDLY NOTE THAT MAJOR RISKS ARE INVOLVED IN TRADING, DAY TRADING ONLINE, AND INVESTING.
I. Logging onto and using information available on ITGLive.net or applying for any of our services including without limitation to Free Trials, Subscription-Based Services, etc. (henceforth known as “MEMBER,” “SUBSCRIBER,” OR “MEMBERSHIP”), you hereby accept unconditionally to the legal terms and condition set forth herein.
II. The website, ITGLive.net, wholly-owned by of Romcho International Trading Group LTD (Any dispute will be handled in the EU)., is an independent website designed to provide information for certain kinds of people (such as online traders, day traders, day trading “SUBSCRIBERS”, momentum traders, etc.) as well as to distribute and exchange information in different formats on a number of subjects (such as Equities, FOREX, and Futures Trading).
III. Information available on any of the services offered by ITGLive.net is made available only for educational reasons. As such, we do not assume any legal responsibility for such information, and the accuracy or dependability of any information, opinion, quote, or advice that may emanate from any of our services is not in any way guaranteed. Every “SUBSCRIBER” assumes sole and full legal responsibility for his or her decisions to follow and act on suggestions made in any of our services to PURCHASE or SELL Stocks, Futures, FOREX Lots, or Equities.
IV. Romcho International Trading Group LTD (Any dispute will be handled in the EU)., ITGLive.net, and all our subsidiaries offer no guarantee that any “SUBSCRIBER” who follows and acts on any information provided in any of our services, will make profits.
V. Romcho International Trading Group LTD (Any dispute will be handled in the EU)., its staff, consultants, and/or outsourcers, may possess different stakes in various Equities, FOREX Lots, Futures, or Stocks, mentioned in any of the services we provide. We have no obligation in any way to disclose information concerning this including but with no limitation to the time of acquisition of Equities, FOREX, Futures, or Stocks, along with the closing time of a position or the amount of the position held.
VI. We suggest that every “SUBSCRIBER” acquires information from his/her preferred financial or investment advisor before getting into trading Equities, FOREX, Futures, or Stocks. Therefore, ITGLive.net does not in any way, provide any professional services, including financial and investment services, and every prospective “SUBSCRIBER” is advised to get a basic trading education before engaging in any form of trading.
VII. I (“SUBSCRIBER”) understand and accept that ITGLive.net retains every right to terminate my subscription based on its sole discretion, and no kind of refund will be given to me for any reason. I also understand and accept that I retain the right to terminate my membership by the terms stated in the TERMS AND CONDITIONS page. I accept that choosing to cancel my ‘MEMBERSHIP’ before the expiration date of my current subscription gives me the right to no kind of refunds or credits for my unused ‘SUBSCRIPTION’ or ‘MEMBERSHIP.’ I understand and accept that if I terminate my ‘MEMBERSHIP’ before my current subscription period being completed, I have no right to any credits or refunds for my unused ‘SUBSCRIPTION’ or ‘MEMBERSHIP’ term.
VIII. Additionally, ITGLive.net reserves the right to approve or deny the reactivation of a canceled membership. Moreover, ITGLive.net is under no legal obligation to disclose reasoning for any form of denials.
IX. (‘SUBSCRIBER’ is from this point forward known as ‘YOU,’ ‘I,’ ‘ME,’ ‘MY’) I hereby undertake the exclusive responsibility for all the trading – online trading, and online trading administration – and I undertake that the administration of the business is taken by ME alone. All the financial transactions that might take place in MY trading account, with MY preferred broker, are all of MY responsibility, and I take all legal responsibility for them. In the process of selling or buying Equities, FOREX, Futures, or Stocks, heavy losses might be incurred, and YOU need to critically and cautiously analyses YOUR financial circumstances, to decide if trading FOREX, Futures, Stocks, or Equity Contracts, is financially sensible in action and thought for you. I adequately comprehend that FOREX, Futures, or Equities transactions (whether buying or selling) have the probability of exposing me to consequential risks, in addition to the fact that I can be subjected to a loss of some or all percentage of MY assets, cash, and/or capital bound to trade Stocks, Equities, Futures Contracts, or FOREX Lots, through MY legal endorsed broker.
X. I accept that ITGLive.net has no responsibility whatsoever, in any trading transactions that may take place in MY trading account between MY preferred broker and ME. I equally accept that there might be periods when the Market would turn against ME, or comes with very unfavorable Market conditions which may make it difficult, if not entirely impossible, for Me to dissolve a position, and I take full legal responsibility, should such happen. I acknowledge that buying or selling Stocks, Equities, Futures, and FOREX Lots, established in any of the services given by ITGLive.net may bring about a profit or a loss.
XI. I understand that I’m fully responsible for these things as a trader – MY placed orders, MY filled orders, MY Stocks, MY FOREX Lots, MY Futures Contracts, or MY Equities, sold; MY Stocks, MY FOREX Lots, MY Futures Contracts, or Equities, bought; MY profits earned or MY losses incurred.
XII. I understand and accept that while the profits of day trading Equities, FOREX, Futures, or Stocks, can be significant, I am also open to the risk of massive losses of MY cash, assets, or capital, and thus accept not to hold or deem Romcho International Trading Group LTD (Any dispute will be handled in the EU)., and its subsidiaries, responsible or liable for any losses, regardless of how huge they may be. I also understand and fully accept that there also may be other risks included in the Selling/Buying of Equities, FOREX, Futures, and Stocks, online, not mentioned in this DISCLAIMER, and it is my sole legal responsibility to know, probe, research, and take on all additional trading risks. I also accept that the past performance of any of the services provided by ITGLive.net should NOT be the foundation for any expected results of MY own trading.
XIII. Romcho International Trading Group LTD (Any dispute will be handled in the EU)., ITGLive.net, or its subsidiaries, will not be deemed responsible to any ‘SUBSCRIBER’, or any other parties, for damages (consequential/incidental or both), and any losses like expenses or costs, loss of use, arising out of mistakes in, changes to, or omissions from, links, information, downloaded material, or any other materials, a ‘SUBSCRIBER’ may receive or encounter, while accessing or using the website. We offer no guarantee for the correctness or legitimacy of information on any of our services created from generally dependable sources owing to the refusal of such companies to provide legal guarantees for their information.
XIV. This website, ITGLive.net, accepts no liability or legal responsibility for, resulting from the use, online trades, any investment, understanding, or acceptance, of any information provided on the website. YOU accept to access the website at your sole risk, and we give no statutory warranty that information available or acquired via this website is entirely correct and dependable, or that accessing or using our servers cannot make YOU exposed to viruses or other kinds of harm. YOU understand that you are exclusively responsible for costs or damages resulting from damage to YOUR computer and any of its components at all time.
XV. YOU accept to desist from duplicating, copying, and/or lobbying information, material, and other properties owned by ITGLive.net, or any of the services we offer except we offer YOU prior written approval of our assent.
XVI. YOU accept that the sole risk of YOUR trading method in the trading of Equities, FOREX, Futures, or Stocks, lies exclusively with you, and you assume full legal responsibility for it. You retain the right to act based on or reject recommendations provided in our services and in the event that YOU choose to act based on any of them then YOUR actions are entirely YOUR legal decision and Romcho International Trading Group LTD (Any dispute will be handled in the EU)., or any of its subsidiaries, will NOT be held responsible.
XVII. The website, ITGLive.net, recommends all ‘SUBSCRIBERS’ to practice Demo Trading (which involves trading accounts that do not include the use of real cash) UNTIL you develop a strategy that guarantees a constant profit. Remember that Demo Trading is substantially different from real trading. In a way, Demo Trading softens actual market conditions like fast-moving markets, bad market conditions, failure to fill an order, etc. About 30% of your profits during demo trading should be deducted from your earnings for YOU to have a realistic perception of possible earnings in actual trading. Remember that there is no guarantee whatsoever as to how much profits YOU will earn when YOU trade with YOUR own money, even after deducting this figure. YOU are solely responsible for any risks inherent in your trades, and any online trading methods YOU choose by using any of our services can open you to risks.
XVIII. Romcho International Trading Group LTD (Any dispute will be handled in the EU). retains the legal right to review and modify its ‘MEMBERSHIP’ fees at any time based on sole discretion without prior notification to any subscriber of such modifications.
XIV. We have a Zero Tolerance Policy for abusive language, promotion of stocks, or actions that we consider disruptive in our Live Trading Rooms, or other aspects of our website. ITGLive.net reserves the right to terminate ‘SUBSCRIBERS’ found guilty of this policy.
XV. Romcho International Trading Group LTD (Any dispute will be handled in the EU). does not represent itself to be an Investment Advisor or investing in Equities, Futures, or Stocks. We thus do not offer any form, whatsoever, of investing advice or suggestions.
TRADE SIGNALS SERVICE AND FOREX
It is essential for you to carefully think through your investment goals, all potential risks, and the experience you have before you participate in the Futures & Forex market. It is crucial not to invest the kind of money that you cannot afford to lose.
There are significant risks in Futures & Forex transactions. Those risks comprise of creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, leverage, liquidity of a currency or currency pair or Futures Contract.
Due to the variable nature of Futures & Forex trading, any market movement would probably have the same reaction on the funds you deposited. There is, perhaps, a likelihood that you could encounter, in your initial margin funds, a total loss, and you would be demanded to deposit more funds to retain your position. Assuming your default and you’re unable to satisfy any requirement of the margin, your position could be dissolved, and you would take full responsibility for any of the losses. To minimize exposure, we advise that you implement various risk-reduction strategies.
You can also encounter different risks connected with the use of Internet-based trading systems along with the software, the hardware, and the Internet communication inadequacy. Romcho International Trading Group Inc. cannot be held responsible for any connection collapse or interruption in the process of trading by way of the Internet.
Romcho International Trading Group Inc. is not equally responsible for any loss, including without limitation, any loss of profit, which might come up directly or indirectly from the use of or the dependence on systems and authorizations provided by Romcho International Trading Group Inc. Romcho International Trading Group Inc. cannot be held responsible for the accuracy of any signals and systems made accessible through the services of Romcho International Trading Group Inc.
Any news, analysis, research, opinions, prices, or any other information provided by Romcho International Trading Group cannot be established as an investment recommendation. Romcho International Trading Group Inc. cannot be held liable for any form of loss or damage, in addition to without limitation, any loss that may be encountered directly or indirectly from the utilization of or dependency on such information.
Policies & Strategies
Note: Due to high casualties of online fraud, people in any of these countries may be required to send in their certified, original copies of their documents provided: Nigeria, the Philippines, Malaysia, India, Thailand, Pakistan Singapore, Russia, and Indonesia.
In addition, we are not able to render services to the countries listed below:
* Côte d’Ivoire
* the Democratic Republic of the Congo
* Equatorial Guinea
* North Korea
* Montana the USA
SECTION 1: INDEPENDENT AFFILIATE STATUS
1.01 BECOMING AN INDEPENDENT AFFILIATE
For an applicant to become an Independent Affiliate (Independent Sales Representative) of Romcho International Trading Group LTD (Any dispute will be handled in the EU). the applicant must have completed the Application, and the Company must have received and accepted the Agreement, via the Internet or mail, at its Home Office. The Company possesses the right to reject any Agreement for any basis, at its sole judgment.
Independent Affiliate uses his/her best ability to advertise and sell the products and services of the Company to consumers as regards to the Agreement embedded within these Policies and Strategies and within the Terms and Conditions of the Company. By doing so, Independent Affiliate is required to maintain the high standards of truthfulness, and integrity and business ethics when having to deal with the Consumers, the Company, or other Independent Affiliates of the Company.
1.02 CHARGES, MEMBERSHIP FEES, AND/OR PURCHASES
A basic fee, charge and/or purchase may be required for one to become an Independent Affiliate. As an Independent Affiliate, you fully agree to pay and approve any automatic, recurring membership fees billing by any of the acceptable or available payment systems, until when canceled. Any automatic, recurring membership fee billing is non-refundable and will not be allocated. You authorize the Company to initiate debit entries from the provided account for the membership fee, as well as any other investment that is made on the Site.
1.03 INDEPENDENT AFFILIATES OBLIGATIONS & RIGHTS
Independent Affiliates are permitted to sell the Company products and services, as well as to become participants in the Compensation Plan of Independent Affiliate. Independent Affiliates have the right to become sponsors of new or emerging Independent Affiliates.
1.04 LEGAL AGE
For a person to be an Independent Affiliate, he or she must be up to the legal age in the state or province or country of his or her residence.
When a couple sharing an Independent Affiliate entity decide to divorce or separate, the Company, until it receives notice that is signed by both parties involved or from a court decree which indicates how the future commission checks would be paid, will still keep paying commission checks in the same way as before the divorce or separation, provided and if applicable, the couple abides with the stipulations of Section 5.03.
1.06 CORPORATIONS, PARTNERSHIPS AND TRUSTS
Partnerships, corporations, limited liability companies or any other forms of business organizations or trusts may become Independent Affiliates of the Company when the Agreement goes with a federal identification number.
Shareholders, directors, partners, members, officers, beneficiaries, and trustees, as applicable of Independent Affiliate entity, must be able to agree to hold such title, and the Company will hold each personally accountable and bound by the Agreement, the Policies and Procedures, and the Terms and Conditions.
1.06 FICTITIOUS OR ASSUMED NAMES
No fictitious name or assumed name should be used by a person or entity that chooses to apply as Independent Affiliate.
1.08 INDEPENDENT AFFILIATE STATUS
Independent Affiliates are Independent Contractors, and they are responsible for deciding their own activities without the direction or control by the Company. They are not agents, employees, franchisees, joint venture, or partners of the Company and are restricted from declaring or insinuating, be it orally or in writing, otherwise. Independent Affiliates have no rights to bind the Company to any obligation. The Company cannot be deemed or held liable for any payment or co-payment of any employee benefits. Liability, health disability, and worker’s compensation insurance are the responsibility of the Independent Affiliates. Independent Affiliates should set their own hours and be able to decide how they can conduct the business, with regards to the Company Agreement, the Policies and Procedures, and Terms and Conditions.
Independent Affiliates, as Independent Contractors, will not be treated as franchisees, owners, employees or agents of the Company for the sake of federal or state tax including, regarding Social Security Act, the Internal Revenue Code, state unemployment acts, federal unemployment act, or any other local, state, federal ordinance, statute, rules or regulations. At the end of each calendar year, the Company issues, to every Independent Affiliate an IRS Form 1099, as stipulated by law, or other required documentation for non-employee compensation as an Independent Affiliate.
1.10 INDEPENDENT SALES REPRESENTATIVE IDENTIFICATION NUMBER
Independent Affiliates are mandated by federal law to obtain a Social Security number or Federal Identification number. Independent Affiliates will be acknowledged or identified by this number, or by a company assigned a number, for the purpose of the Company’s business. The Independent Affiliate Identification Number must be included on all orders and agreements with the Company.
1.11 LEGAL AGREEMENT
When it comes to the operation of their business, it is crucial for all Independent Affiliates to follow all local, state and federal ordinances, regulations and statutes. Independent Affiliates are solely responsible for any personally made managerial decisions and expenditures, which encompass all estimated income and self-employment taxes.
1.12 NO TERRITORY IS EXCLUSIVE
Aside from no provision for the franchise, no territory is exclusive, whether for the sake of sales or sponsorship. There are no geographical limitations regarding sponsorship or sales within the United States; as long as, however, that the Company retains the right not to sell product or services or contract with Independent Affiliates in certain states/provinces within the United States.
SECTION 2: TERM AND RENEWAL
Subject to the terms set forth in Section 4.01, this Agreement has its terms, which become effective on the date of acceptance by the Company and ceases one year from the date hereof (the “Anniversary Date”).
It is required for Independent Affiliates to renew annually, on the Anniversary Date and the Independent Affiliate, at its sole discretion, can choose to decline any renewal. The Company may require that Independent Affiliates tender a new Agreement upon renewal. Should an Independent Affiliate fail to renew by the renewal date, it shall be considered that the Independent Affiliate has willingly discontinued the relationship they share with the Company, and as such, lose the entity of Independent Affiliate, all sponsorship rights, their position in the Compensation Plan and all rights to commissions and bonuses. Note too that Independent Affiliates who do not to renew their Independent Affiliate status will not be allowed to reapply under a new sponsor for three (3) months after non-renewal.
SECTION 3: SPONSORSHIP
Independent Affiliates may take responsibility for other Independent Affiliates and bring them into the Company’s business. Pertaining that, Independent Affiliates must make sure that each new Independent Affiliate they plan to sponsor is given and has looked through the current Policies and Procedures, Terms and Conditions and Compensation Plan leading to the time when the individual is given an Agreement prior to or when giving the individual an Agreement.
3.02 MULTIPLE AGREEMENTS
In a situation where an applicant presents many Independent Affiliates on which is listed by different sponsors, the Company will only acknowledge and accept the first completed Agreement.
3.03 TRAINING REQUIREMENT
A Sponsor is required to carry on a continuous professional leadership association with Independent Affiliates in his or her organization and must satisfy the requirement of executing a genuine supervisory or sales function when selling or delivering products and services.
3.04 INCOME CLAIMS
Independent Affiliates are obligated to represent the Compensation Plan without alteration There cannot be any past, potential or actual income claims made to prospective Independent Affiliates, neither can Independent Affiliates make use of their own incomes as suggested assurance of success to other people. It is not allowed that Commission checks be used as tools for marketing, and Independent Affiliates may not give assurance of commissions or give estimates of expenses to prospects.
3.05 TRANSFER OF SPONSORSHIP
The transfer of sponsors is not allowed by the Company. The ability to create authentic relationships define network Marketing. Because of that, once an Independent Affiliate is sponsored, the Company recognizes the relationship and believes in its maximum protection. An exception can only be created when there is a prior written approval of the Company to correct ethical violations which determined at the sole discretion of the Company.
3.06 CROSS SPONSORING
Independent Affiliate is not allowed to attempt to sponsor, or sponsor, any Independent Affiliates that is not personally sponsored in any other Network Marketing Company. Furthermore, Independent Affiliates may not take part in any action that leads to the sponsorship of another Independent Affiliate through another person into some other Network Marketing Company.
3.07 CROSS RECRUITING WITHIN ROMCHO INTERNATIONAL TRADING GROUP INC.
An Independent Affiliate may not recruit, hire, or try to sponsor, any non-personally sponsored Independent Affiliate/Customer, whether active or inactive, in Romcho International Trading Group Inc. (ITG), for less than six (6) months. Aside from commissions and/or bonuses being forfeited, cross Recruiting another Independent Affiliate/Customer will also carry a non-negotiable suspension of thirty (30) days. The suspension will be before any investigation, which may lead to termination of the Independent Affiliate. Romcho International Trading Group Inc. has a Zero Tolerance Policy, both for Cross Sponsoring and Cross Recruiting.
SECTION 4: RESIGNATION/TERMINATION
4.01 VOLUNTARY RESIGNATION
a) Independent Affiliate may decide to voluntarily end his/her status as an Independent Affiliate by not renewing or by sending the thirty (30) days written notice of termination or resignation to the Company. The voluntary resignation becomes effective immediately the Company has received the notice.
b) Independent Affiliate who terminates or resigns their Independent Affiliate status may reapply as Independent Affiliate, three (3) months after the termination or resignation.
Independent Sales Representative may face suspension for the violation of the terms of his/her Agreement, which includes the Terms and Conditions, the Policies and Procedures, and the Compensation Plan and any other documents provided by the Company. In the event that a decision to suspend Independent Sales Representative is made, the Company will send a written notice to the Independent Sales Representative stating that the suspension has taken place effective from the day the written notification is given. This notice of suspension will also contain the reason for the suspension and the steps required to get rid of such suspension (if any). The notice will be sent to the Independent Sales Representatives “address on file” in line with the notice stipulations provided in Terms and Conditions and the Policies and Procedures. Such suspension may eventually result in the termination of the Independent Sales Representative based on the sole discretion of the Company as they deem fit. If the Independent Sales Representative desires to appeal, the Company must get a similar appeal in writing not more than fifteen (15) days from the date the notice is given. The suspension will then be considered and reviewed by the Company, and a written notice of its decision will then be sent to the Independent Sales Representative within thirty (30) days from the date of the suspension notice. Any decision made by the Company will be final and subject or open to no further review or questioning. The Company may take some actions during the suspension period, including, but with no limitation to, the following:
a) Withholding commissions and bonuses of the Independent Sales Representative during the suspension period;
b) Barring the Independent Sales Representative from procuring services and products from the Company;
c) Barring the Independent Sales Representative from using any of the Company’s proprietary marks and/or materials or holding himself/herself as Independent Sales Representative;
d) Barring the Independent Sales Representative from sponsoring new Independent Sales Representatives, contacting existing Independent Sales Representatives or coming to the meetings of Independent Sales Representatives.
Based on sole discretion, in the event that the Company observes that the violation which caused the suspension is still ongoing and has not satisfactorily been settled or a new violation relating to the suspended Independent Sales Representative has happened, the suspended Independent Sales Representative may be then terminated merely.
Independent Sales Representative may be instantly terminated for the violation of the terms of his/her Agreement, including the Terms and Conditions and the Policies and Procedures, the Compensation Plan and any other documents provided by the Company upon written notice. Based on the Company’s sole discretion, the Company may terminate Independent Sales Representative for any violation without the Independent Sales Representative first being suspended as a warning. As soon as the decision to terminate the Independent Sales Representative is made, the Company will send a written notice of the termination to the Independent Sales Representative using the address in the Independent Sales Representative’s file.
In the event that Independent Sales Representative desires to appeal the termination, the Company must get the appeal in writing within fifteen (15) days from the date of the termination notice. If no appeal is sent and gotten within that period, the termination will automatically be deemed final. In the event that the Independent Sales Representative files a timely notice of appeal, the Company will, within ten (10) days after getting the appeal, appraise the appeal and inform the Independent Sales Representative of its decision. The decision of the Company will be absolute and subject to no further review or questioning. As long as the termination is not annulled, the termination will stay effective as of the date declared in the original notice of termination.
4.05 EFFECT OF TERMINATION
As soon as the termination becomes effective, the terminated Independent Sales Representative:
a) Must stop representing themselves as Independent Sales Representative of the Company;
b) is mandated to take away and permanently cease the use of the trade names, service marks, trademarks, and any labels, signs, stationary or advertising, which refer or relate to any product, plan or program of the Company.
c) Loses every right to his/her Independent Sales Representative position in the Compensation Plan and all subsequent earnings and commissions;
d) Must carry out all action rationally required by the Company relating to the protection of the Company’s confidential information. The Company retains the right to counterbalance any amounts the Independent Sales Representative owes to the Company including, with no limitation to, any form of indemnity obligation sustained in line with Section 11.01 herein, from commissions or any other compensation owing to the Independent Sales Representative.
The acceptance of any reapplication by a terminated Independent Sales Representative or the application by any family member of such an Independent Sales Representative can be declined, based on the exclusive discretion of the Company.
4.07 STATE/PROVINCE LAWS
In places where state/province laws on termination are not in line with this policy, the applicable state/province law shall become applicable.
SECTION 5: TRANSFERABILITY
5.01 BUSINESS ACQUISITION
Any Independent Sales Representative that wants to obtain any interest in another Independent Sales Representative’s business is required first to terminate his/her Independent Sales Representative status and wait for three (3) months before he/she becomes eligible for such procurement. All such transactions must be entirely unveiled and must be validated by the Company in advance.
5.02 TRANSFERS OF INDEPENDENT SALES REPRESENTATIVES
Unless as expressly stated herein, there may be no selling, assigning or otherwise transferring of Independent Sales Representative entity (or rights thereof) by an Independent Sales Representative to another Independent Sales Representative or any individual with interest in any entity of Independent Sales Representative. Despite the preceding, Independent Sales Representative may transfer his/her Independent Sales Representative entity to his/her sponsor, in line with the stipulations of Section 5.03 and 5.07. If such occurs, the transferring Independent Sales Representatives entity alongside the sponsor’s entity will be combined to create a single entity.
5.03 THE CONDITIONS TO TRANSFERABILITY
Independent Sales Representatives may not assign, sell, transfer or merge his/her Independent Sales Representative entity (or rights thereto) with no prior written authorization of the Company and compliance with the following conditions below:
a) The selling Independent Sales Representative is required to provide the Company with a copy of all documents detailing the transfer, including, with no limitation to, the name of the purchaser, the purchase price and the terms of the purchase and payment;
b) The Company retains the right of first refusal regarding any assignment, sale, transfer or merger of any Independent Sales Representative entity. Independent Sales Representative that wishes to assign, sell, transfer or merge his/her Independent Sales Representative entity is mandated to first provide the Company with the right and choice to make such a purchase or acquire such transfer in writing on the same terms and conditions as any remaining or proposed offer. The Company will provide advice to the Independent Sales Representative within ten (10) business days after receiving such notice and inform the Independent Sales Representative of its decision to accept or decline the offer. In the event that the Company fails to respond within the ten (10) day period or refuses the offer, the Independent Sales Representative may still make the same offer or agree to take any outstanding offer based on the same terms and conditions as the offer to the Company to any individual or entity who is not Independent Sales Representative, married to, or a reliant on Independent Sales Representative or who has any form of interest in Independent Sales Representative;
c) Accompanying the transfer documents should be an office administration transfer fee of $100.00;
d) The documents should include a covenant made by the selling Independent Sales Representative for the benefit of the proposed purchaser so as not to contend with the purchaser or try to avert or sponsor any current Independent Sales Representative for one (1) year from the date of the transfer or sale;
e) As soon as the sale is made with the assignment or transfer authorized in writing by the Company, the procuring Independent Sales Representative must take on the position as well as the terms of agreement of the selling Independent Sales Representative and must thereafter execute the current Agreement and all such other documents as made requisite by the Company; and
f) Based on sole discretion, the Company retains the right to specify additional terms and conditions before the authorization of any proposed sale or transfer. The Company retains the right to disapprove any sale or transfer, where allowed by law.
5.04 CIRCUMVENTION OF POLICIES
In the event that the Company becomes aware, based on sole discretion, that Independent Sales Representative entity was transferred to circumvent conformity with the Agreement, the Terms and Conditions, Policies and Procedures, or the Compensation Plan, the transfer will be professed null and void. This means that the Independent Sales Representative entity will return to the transferring Independent Sales Representative, who will be deemed as if the transfer had never happened from the return day henceforth. If required and based on the Company’s sole discretion, appropriate steps, including, with no limitation to, termination, may be executed against the transferring Independent Sales Representative to ensure there is compliance with the Terms and Conditions as well as with the Policies and Procedures.
Despite any other stipulation of this Section, upon an Independent Affiliate’s death, the Independent Affiliateship will be inherited by his or her successors in interest as is allowable by law. Nevertheless, the Company will not recognize such a transfer until the successor in interest has executed a current Agreement and submitted certified copies of the death certificate, will, trust or other instrument required by the Company. After that, the successor will have the right to all the entitlements and be subject to all the responsibilities required of a Company Independent Affiliate.
For an Independent Affiliate who transfers his or her Independent Affiliate to become eligible to reapply to become an Independent Affiliate, he or she must wait for three (3) months after the effective date of such transfer.
5.07 TRANSFERABILITY OF SPONSORSHIP WHEN AN INACTIVE/CANCELLED IBO POSSESSES A PERSONAL IBO/CUSTOMER HAVING NO SPONSOR.
In the event that an Independent Business Owner (IBO) revokes his/her membership with ITG, and/or turns into an Inactive IBO*, based on ITGL Policies and Procedures, the IBO can within three (3) months still be able to renew his/her membership with ITG, so as to keep his/her current position with ITGL. The provided three (3) months period will offer the Sponsor, of the Cancelled/Inactive IBO, enough time to work with him/her, in order to renew his/her membership with ITGL, and ensure the reactivation of his/her ITGL account., If the Cancelled/Inactive IBO is unable or fails to renew his/her membership with ITG within the three (3) month period, his/her current position with ITGL is lost, and any personal IBO and/or Customer, will be transferred to the next Active IBO, who will be the New Sponsor. NO altering of location/placement in the Unilevel Tree and NO exceptions to this rule will be allowed.
* Any IBO who hasn’t paid his/her IBO Kit within the last 30 days is an Inactive IBO.
5.08 Seven (7) Day Placement Rule
As soon as a new IBO or Customer signs up in ITGL, the Direct Sponsor of the new IBO or Customer can place the new IBO or Customer, in the Direct Sponsor Unilevel Tree, under the Placement Menu from the Back Office. It is only the Direct Sponsor of the new IBO or Customer that can place a new IBO or Customer on the Unilevel Tree, by putting the ID number under whom they would want to place the new IBO or Customer.
The Direct Sponsor may only put the new IBO or Customer below another IBO or Customer on the Direct Sponsor Unilevel Tree, or above or in between any current IBO or Customer. The Direct Sponsor may not place the new IBO or Customer.
After seven (7) days, the Direct Sponsor or the IBO will not be able to effect any placement modifications. In the event that the Direct Sponsor is unable to place the new IBO or Customer within that period of the new IBO or Customer signing up with ITGL, the new IBO or Customer will automatically be put on the Direct Sponsor First Level.
SECTION 6: PROPRIETARY INFORMATION
6.01 AGREEMENT OF CONFIDENTIALITY
While the term of the Agreement is ongoing, the Company may provide the Independent Affiliates with confidential information, including, but with no limitation to genealogical and Downline reports, business reports, customer lists, customer information created by the Company or created for and on the Company’s behalf by Independent Affiliates (including, but with no limitation to, credit data, customer and Independent Affiliate profiles and product purchase information), Independent Affiliate lists, manufacturer and supplier information, commission or sales reports and any other such financial and business information which the Company may label as confidential. All such information (written or electronic) is proprietary and confidential to the Company; therefore, it is transmitted to Independent Affiliates in absolute confidence on a “need to know” basis for use exclusively in Independent Affiliates business with the Company. Independent Affiliates must try all their best to maintain such information confidential and must not reveal such sensitive information to a third party(ies), or use this confidential information for anything that is non-company, whether directly or indirectly, while still an Independent Affiliate or not.
Independent Affiliates must not use such information to contend with the Company or for any reason other than promoting the Company’s products and services and programs. Upon termination, expiration, or non-renewal of the Agreement, Independent Affiliates are mandated to cease the use of such confidential information as well as instantly return any confidential information in their possession to Company.
6.02 COPYRIGHT RESTRICTIONS
In compliance with products purchased from Company, Independent Affiliates must abide by all manufacturers’ use of restrictions and protections of copy write.
6.03 VENDOR CONFIDENTIALITY
Business relationships between the Company and its vendors, manufacturers, and suppliers are strictly confidential. Independent Affiliates should not contact, whether directly or indirectly, or communicate with any manufacturer or supplier of Company unless at Company sponsored events at which the manufacturer or supplier is present at the Company’s request.
SECTION 7: TRADEMARKS, LITERATURE, AND PROMOTION
The trademarks, of the name of the company, service marks and all copyrighted materials belong to and are owned by the Company. The usage of such marks and materials must be in absolute compliance with the Policies and Procedures.
7.02 PROMOTIONAL AND ADVERTISING MATERIALS
Only the promotional and advertising materials provided by the Company or authorized in advance in writing by Company may be utilized for advertising or promoting an Independent Affiliate’s business or to sell any product and service of the Company. Every Company’s literature and material may not be copied, duplicated or reprinted without the prior written authorization of the Company.
7.03 COMPANY NAME USAGE
Independent Affiliates may utilize the Company name only in the following format stated here: “Independent Affiliate for Romcho International Trading Group LTD (Any dispute will be handled in the EU)..”
7.04 BUSINESS CARDS AND STATIONERY
Independent Affiliates are not allowed to “produce” their own business cards, stationery, or letterhead graphics if the Company’s trade name or trademarks are used. Only the approved the Company’s wording, and graphics version is allowable; business cards, envelopes, and letterhead must be ordered with the use of the online/stationery order form.
7.05 ELECTRONIC ADVERTISING
Independent Affiliates may not promote or advertise their Independent Affiliate business or the Company’s business, products or marketing plan or utilize Company name in any electronic format, means or transmission, including on the Internet through websites or otherwise, without the prior written permission of the Company’s legal department.
7.06 TELEPHONE LISTING
An Independent Affiliate is not allowed to utilize the Company’s trade name in advertising their telephone and telecopy numbers in the yellow or white page sections of the telephone book. No Independent Affiliate is allowed to list their telephone numbers under Company’s trade name without first getting Company’s prior written permission. If permission is granted for an “800” listing, it must be declared in the following manner: “Independent Affiliate for Company.”
7.07 ANSWERING THE TELEPHONE
An Independent Affiliate may not answer the telephone by saying “Romcho International Trading Group LTD (Any dispute will be handled in the EU).,” or in any other way that would make the caller believe that he/she has been in contact with the offices of the Company.
7.08 IMPRINTED CHECKS
Independent Affiliates are not allowed to utilize the Company trade name or any of its service marks or trademarks on their personal or business checking accounts.
7.09 MEDIA INTERVIEWS
Independent Affiliates are not permitted from offering television, radio, newspaper tabloid or magazine interviews or using public speaking engagements, public appearances, or proving any form of statement to the public media to publicize the Company, its products or the Company’s businesses, without the clear prior written permission of the Company. All media queries should be in writing and sent to the Company’s corporate office, legal department.
Unless as clearly stated in Company communications and literature, no form of endorsements by a Company officer, an administrator or any third party may be proclaimed. State, provincial and federal regulatory bodies do not support or authorize direct selling programs. For that reason, Independent Affiliates may not imply or represent in any way, whether indirectly or directly, that Company’s products, services or programs have been approved or authorized by any governmental body.
An Independent Affiliates may not create or recreate for sale or personal use products sold by the Company or any Company-created literature, video or audio material, events, presentations, or speeches, including conference calls and so on. Video and/or audio taping of the Company’s meetings and conferences is absolutely not allowed.
7.12 REPACKAGING NOT ALLOWED
Independent Affiliates may not repackage any product or material of the Company.
7.13 INDEPENDENT COMMUNICATIONS
Independent Affiliates, as Independent Contractors, are advised to share information and guidelines to their own Downlines. Nevertheless, it is crucial for Independent Affiliates to identify and differentiate between the official communications of Company and personal communications.
SECTION 8: PAYMENT OF COMMISSIONS
8.01 FOUNDATION FOR COMMISSIONS
Commissions and other compensations cannot be paid until a finalized Agreement has been gotten and accepted by the Company. The company only pays commissions on the sale of its products and services. No commission is paid on the procurement of Sales materials or for Sponsoring Independent Affiliates. To get commissions on products and services sold, the Company must have obtained and accepted an Agreement before the end of the commission period in which the sale is made.
8.02 COMMISSION PERIOD
A business period is a period opening on the first day of the commission period up until the order entry closes on the last business day of the period (by 5:00 pm). Company offices open Monday to Friday from 9 am – 5 pm, except certain holidays as posted by Company.
8.03 COMMISSION PAYMENTS
As set forth in the Compensation Plan, commissions are paid to “qualified” Independent Affiliates. Independent Affiliates are required to check the Compensation Plan for a comprehensive explanation of the commission structure, benefits, as well as the requirements of the Compensation Plan.
8.04 OFFSET OF COMMISSIONS
Any bonuses or commissions earned and paid on products returned is the obligation of, and must be paid back to the Company by, Independent Affiliates earning such bonuses or commissions. The Company possesses the right to counterbalance such amounts against future commissions and other compensations paid or owed to such Independent Affiliates who got commissions.
8.05 PAYMENT OF COMMISSIONS AND BONUSES
To enable any member or independent affiliate to get bonuses or commissions from the Company, the member or independent affiliate ought to be “Active” and in “Good Standing.” “Active” describes any member or independent affiliate whose monthly subscription is duly paid and is utilizing the services and products of the Company on a steady basis. “Good Standing” describes a member or independent affiliate who is not owing to any debt to the Company.
8.06 INACTIVE EWALLET
ITG imposes a strict 90 Day Policy, and all commissions deposited in your eWallet will be reversed after 90 days of inactivity.
As such, ITG strongly recommends that you transfer all commissions from your eWallet without delay. Thus, it is your responsibility to transfer all commissions from your eWallet within 90 days of being deposited on your eWallet.
Kindly note that if your commissions are reverted owing to your eWallet becoming inactive after 90 days, ITGL is not under obligation to pay back any upturned commissions.
8.07 INACTIVE IBO
If you missed your weekly commissions, as a result of your IBO Kit subscription not being paid on your billing date making you become an Inactive IBO before ITGL paid the weekly commissions period, ITGL is under no obligation to make any commissions adjustments because you missed your payment on your billing date.
It is essential to note being an Active IBO before the week that commissions are being paid, and consequently becoming an Inactive IBO the exact week that commissions are paid automatically means that you will not be paid that week.
Make sure to understand only you, not ITG must and will take full responsibility, to ensure that the processing of your IBO Kit subscription payment is on your billing date*.
*Billing Date = Date you signed-up with ITG.
SECTION 9: PURCHASE & SALE OF SERVICES
9.01 PAYMENT OPTIONS
Credit card payments may be subject to up to a 24-hour hold, and during this period we cannot assure your placement in the referral network till verification is given on the payment. If complete payment is not made, the order will not be processed until the Company receives the full amount. If payment is made, but it is more than what is required, the Company will be processing the order and issuing a credit to Independent Affiliate’s account, and this will automatically be refunded on the next commission check paid to Independent Affiliate. There will be no processing of orders if cancellation of a credit card is made. Service orders are not valid until Company has accepted them.
9.02 PROMOTIONAL ITEMS
Any promotional item that carries the Company name or logo must be bought solely from Company unless prior written permission is obtained from the Company.
9.03 SERVICES CLAIMS
Independent Affiliates cannot make any claim, representation or warranty as regards any service of Company, except those who have been authorized in writing by Company or included in conventional Company materials.
9.04 FAX BLASTS, SPAMMING
No Fax blasting and unsolicited e-mailing (SPAMMING) is allowed.
SECTION 10: GUARANTEE AND REFUND POLICY
10.01 MONEY BACK GUARANTEE
The Company provides a two day, 100% Money Back, and Satisfaction Assured to all subscribers. The two days, 100% Money Back and Satisfaction Guarantee, begins from the date of purchase, including weekends, and only has to do with the initial purchase of a Gold or Platinum Package. If for any reason, a subscriber is not satisfied with the service, the subscriber may get a refund within two days of the subscriber’s initial purchase, for a complete refund of the purchased price. All other guarantees are disclaimed. After two days, your purchase will be no longer refundable.
The Company provides a two days Money Back Guarantee for all subscription payments made to ITGL. This entails the date the subscription is due, including weekends, and is applicable only to monthly subscription (“Autoship”) payments. If for any reason, a subscriber is not satisfied with the service, the subscriber may get a refund within two days of the subscriber’s monthly subscription, for a complete refund of the subscription price. All other guarantees are disclaimed. After two days, your purchase will be no longer refundable in any form.
Unless as clearly stated herein, the Company makes no form of representation or warranty regarding fitness for a precise purpose, the merchantability, quality or any other warranty concerning any product or service purchased from or through the Company.
10.03 BUYER’S RIGHT TO CANCEL
In line with the Federal law, a buyer can cancel specific sales without any form of penalty before the midnight of the third business day succeeding the transaction. This rule accommodates retail consumer sales of $25.00 or more that occur away from the seller’s central office. It is required for Independent Affiliates to orally notify the buyer of the three-day right to cancel when the buyer procures the goods, as well as immediate two 3-day cancellation, notices to all customers.
SECTION 11: GENERAL PROVISIONS
11.01 INDEMNITY AGREEMENT
Each Independent Affiliate agrees to indemnify and regard harmless the Company, its agents, directors, shareholders, officers, employees, and successors in interest from and against any demand, claim, loss, liability, expense or cost including, but without limitation to, attorneys’ fees and court costs, affirmed against or acquired by any of them, either directly or indirectly resulting from or in any way relating to allegedly or in any other way, the Independent Affiliates (a) actions as Independent Affiliate; (b) a breach of the terms of the Agreement; and/or (c) breach of or inability to comply with any applicable local, state, or federal law, rule or regulation.
11.02 PROCESSING CHARGES
The company retains the right to institute a processing charge for genealogy requests and/or commission checks.
11.03 OTHER SERVICES
Independent Affiliates may not engage in the promoting or selling another company’s services at functions done to feature Company and its products and services. Independent Affiliates are not limited from selling the products and services of other companies, nonetheless promoting any other companies’ products, services and/or business programs to Company Independent Affiliates or Customers is strictly not allowed.
To the degree allowed by law, the Company shall not be liable for, and each Independent Affiliate frees the Company from, and waives all claims for any loss of profits, direct, indirect, consequential or special damages or any other loss sustained by Independent Affiliate because of (a) the operation of Independent Affiliate’s business; (b) the violation by the Independent Affiliate of the Terms and Conditions and/or the Agreement and/or the Policies and Procedures; (c) any wrong or incorrect information or wrong data that is provided by the Independent Affiliate; or (d) the failure to offer any information or data required for Company to operate its business, including, with no limitation to, the registration and acceptance of the Independent Affiliate into the Compensation Plan or for the payment of bonuses and commissions.
The company advises all Independent Affiliate to keep complete and correct records of all their business dealings.
11.06 FORCE MAJEURE
The Company shall not be responsible for any delays or failure in performance resulting from circumstances beyond the control of a party, such as but with no limitation to: flood, earthquake, fire, government orders or decrees, labor challenges, power outages, strikes, storm, war, and/or curtailment of a party’s typical source of supply.
Every Independent Affiliate is obligated to abide by and keep the integrity of the Policies and Procedures as well as the Terms and Conditions. In the event that an Independent Affiliate observes another Independent Affiliate performing any violation, he/she should have a direct discussion with the offending Independent Affiliate. Should the Independent Affiliate want to report such violation to Company, he/she must detail such violations in writing only and must mark the report correspondence “Attention: Legal Department.”
The company, in its sole discretion, retains the right to amend the Agreement, Terms and Conditions, as well as the Policies and Procedures, its product and service availability, retail prices, and the Compensation Plan options at any time without prior notice as it sees fit. By signing the Independent Affiliate Agreement, an Affiliate agrees to act in accordance with all amendments or modifications that Company decides to make.
Amendments shall be relayed to Independent Affiliate through official Company notifications such as, but not restricted to, posting in Independent Affiliate back office, posting on Company website, special mailings, e-mail or publications. Amendments are valid and obligatory upon submission to the Company website. In the event that any conflict exists between the original documents or policies and any such amendment, the amendment shall supersede.
The continuation of an Independent Affiliate business, the acceptance of any benefits under the Agreement, or acceptance of commissions from the sale of products or services constitutes acceptance of all amendments.
11.09 NON-WAIVER PROVISION
No obligation or provision herein and no custom or practice of the parties at variance with these Policies and Procedures shall constitute a waiver of Company’s right to demand exact compliance with these Policies and Procedures. The Company’s waiver of any particular default by Independent Affiliate shall not in any way affect or mar the Company’s rights regarding any successive default, nor shall it in any way affect the rights or obligations of any other Independent Affiliate. No delay or omissions by the Company to exercise any right resulting from a default effect or mar Company’s rights regarding that or any further or future default. The Company’s waiver can be affected by an authorized officer of the Company in writing only.
11.10 GOVERNING LAW
This Agreement and all incorporated Policies and Procedures shall be exclusively governed by the laws of Vancouver, BC in Canada.
Should there be any dispute between the Company and an Independent Affiliate regarding their respective rights, obligations and duties under this agreement, or if there is a claim of the violation of the Independent Affiliate Agreement, such a dispute must be solely settled in line with binding arbitration based on the Commercial Rules set forth by the Canadian Arbitration Association and the corresponding arbitration will occur at Vancouver, BC, Canada. Aside from declaratory relief, the Arbitrator may award contractual damages as well as award equitable attorney’s fees and costs to the party that prevails. The award of lawyer costs and expenses shall continue through all reviews, appeals or enforcement of such an arbitration decision. Any court of competent jurisdiction may enforce the arbitration decision. This stipulation shall not be interpreted to prohibit either party from gaining permanent or preliminary injunctive relief in any court of competent jurisdiction. Each party expressly waives the right to acquire any punitive, consequential and exemplary damages from each other.
11.12 ENTIRE AGREEMENT
The Policies and Procedures are incorporated into the Agreement and, along with the Terms and Conditions and Compensation Plan, constitute the entire agreement of the parties regarding their business relationship.
If under any applicable and binding law or rule of any applicable jurisdiction, any provision of the Agreement, including these Policies and Procedures and Terms and Conditions, or any specification, standard or operating procedure which Company has prescribed is held to be unenforceable or invalid, the Company retains the right to adjust the unenforceable or invalid provision, standard, specification, or operating procedure or any aspect thereof to the maximum degree necessary to become enforceable and valid, and any such modification shall bind the Independent Affiliate. The modification will be effective only in the jurisdiction in which it is required.
11.14 LIMITATION OF DAMAGES
IN ACCORDANCE WITH APPROPRIATE LAW, COMPANY AND ITS INDEPENDENT AFFILIATES, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS AND OTHER REPRESENTATIVES, SHALL NOT BE IN ANYWAY LIABLE FOR, AND AN INDEPENDENT AFFILIATE FULLY RELEASE THE FOREGOING FROM, AND RELINQUISH ANY CLAIM FOR LOSS OF PROFIT, SPECIAL, INCIDENTAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES WHICH MAY RESULT FROM ANY CLAIM OF ANY KIND REGARDING THE COMPANY PERFORMANCE, NONPERFORMANCE, ACTION OR OMISSION PERTAINING TO THE BUSINESS RELATIONSHIP OR ANY OTHER MATTERS OR ISSUES BETWEEN ANY COMPANY AND COMPANY, WHETHER SOUNDING IN CONTRACT TORT OR FIRM LIABILITY. COMPANY SHALL IN NO WAY SURPASS THE AMOUNT OF UNSOLD COMPANY SERVICES AND/OR PRODUCTS. IT IS HEREBY EXPLICITLY LIMITED TO THE AMOUNT OF UNSOLD COMPANY PRODUCT AND SERVICES OWNED BY THE INDEPENDENT AFFILIATE, AND ANY COMMISSION OWNED TO THE INDEPENDENT AFFILIATE.
Any communication or notice of any kind which either the Independent Affiliate or Company may be required or may wish to serve upon the other shall be in writing and delivered by electronic communication whether by telegram or email (if confirmed in writing sent by registered mail, postage prepaid, return receipt requested). Any such message or notice shall be deemed to have been served on the date dispatch was confirmed or on the date shown on the return receipt or any other evidence, if sent via electronic communication or via mail.
Please take note that any information into Commissions Earnings/Payments, Rank, Placement Requests, and Cancellation/Refund Requests, and Free Status CANNOT be taken care of over the phone – a support ticket will need to be submitted by you.
Romcho International Trading Group LTD (Any dispute will be handled in the EU)
Office Address: 688 Abbott St. Vancouver, BC, Canada
Email Address: [email protected]
FULL RISK DISCLOSURE:
Trading consists of important risks, and it is not for all investors. There’s a possibility of an investor to lose all or more than he initially invested.
Risk capital is that amount of money that one can lose without endangering his or her financial security or way of living. Be able to risk only the capital that should be used for trading, and only the people with adequate risk capital should consider investing. Past performances should not be a significant indication of the future outcome.