 |
BECOMING A MEMBER OF
MILLIONAIREX7
An applicant becomes a Member of MillionaireX7 when the applicant's
completed Application has been received and accepted via the
MillionaireX7 online membership system. MillionaireX7 reserves the
right to decline any Application for any reason, at its sole
discretion. Member uses his/her best effort to promote and sell the
product of MillionaireX7 to consumers pursuant to the Agreement
contained within these Policies & Procedures and Terms & Conditions.
In doing so, Member will maintain the high standards of honesty, and
integrity and business ethics when dealing with consumers, the
MillionaireX7 Corporation or other MillionaireX7 Members.
1.02 PRODUCT PURCHASE REQUIRED
A one-time product purchase of the ‘MILLIONIZER 700 DAYS’ product
costing US$700 is required to become a lifetime Member of
MillionaireX7.
1.03 MEMBER OBLIGATIONS & RIGHTS
Members are authorized to sponsor new Members and to sell
MillionaireX7 products and to participate in the MillionaireX7
Compensation Plan for the life of the business.
1.04 LEGAL AGE
Members must be of legal age in the state / province / country of
their residence. MillionaireX7 does not knowingly allow Member
status to people less than 18 years of age. The same policy applies
to sales of MillionaireX7 products; MillionaireX7 does not knowingly
allow sales of MillionaireX7 products to people less than 18 years
of age.
1.05 DIVORCE
When a couple sharing a Member entity divorces or separates,
MillionaireX7 will continue to pay commission payments in the same
manner as before the divorce or separation until it receives written
notice signed by both parties or a court decree which specifies how
future commission payments should be paid.
1.06 CORPORATIONS, PARTNERSHIPS & TRUSTS
Corporations, partnerships, limited liability companies or other
forms of business organizations or trusts may become Members of
MillionaireX7. Shareholders, directors, officers, partners, members,
beneficiaries and trustees, as applicable of Member entity must
agree to hold such title, and MillionaireX7 will hold each
personally liable and bound by the Agreement and these Policies &
Procedures and Terms & Conditions.
1.07 FICTITIOUS OR ASSUMED NAMES
A person or entity may not apply as a Member using a fictitious or
assumed name.
1.08 INDEPENDENT CONTRACTOR STATUS
Members are independent contractors responsible for determining
their own activities without direction or control by MillionaireX7.
They are not franchisees, joint venture, partners, employees or
agents of MillionaireX7 and are prohibited from stating or implying,
whether orally or in writing, otherwise. Members have no authority
to bind MillionaireX7 to any obligation. MillionaireX7 is not
responsible for payment or co-payment of any employee benefits.
Members are responsible for liability, health disability and
worker's compensation insurance. Members set their own hours and
determine how to conduct business, subject to the MillionaireX7
Agreement, Policies & Procedures and Terms & Conditions.
1.09 INTERNAL REVENUE CODE
As independent contractors, Members will not be treated as
franchisees, owners, employees or agents of MillionaireX7 for
federal or state tax purposes including, with respect to the
Internal Revenue Code, Social Security Act, Federal Unemployment
Act, State Unemployment Acts or any other federal, state, or local
statute, ordinance, rules or regulations.
1.10 TAXATION
Members are responsible for any and all taxes payable in their
particular resident domicile or jurisdiction for any income received
either from MillionaireX7 or any programs promoted via
MillionaireX7.
1.11 LEGAL COMPLIANCE
Members must comply with all federal, state and local statutes,
regulations and ordinances concerning the operation of their
MillionaireX7 business. Members are responsible for their own
managerial decisions and expenditures including all estimated income
and self-employment taxes.
1.12 NO EXCLUSIVE TERRITORIES
No franchise is granted and there are no exclusive territories for
sales or sponsoring purposes. No geographical limitations exist on
sponsoring or selling above and beyond the around 200 countries and
territories within which our payment processors allow payment
transactions.
SECTION TWO: TERM & RENEWAL
2.01 TERM
The Agreement shall have a term which shall begin on the date of
acceptance by MillionaireX7 and continue for the life of the
business. However, at any time of their choosing, Members may
voluntarily terminate their Member relationship with MillionaireX7,
and thereby lose their Member entity, all sponsorship rights, their
positions in the Compensation Plans and all rights to commissions
and bonuses.
2.02 RENEWAL
Members pay US$700 one-time only to join MillionaireX7. No further
fees are ever necessary.
SECTION THREE: SPONSORSHIP
3.01 SPONSORING
Members may sponsor other Members into MillionaireX7. Members must
ensure that each potential new Member has reviewed and has had
access to the current Policies & Procedures and Terms & Conditions
prior to joining MillionaireX7.
3.02 TRAINING REQUIREMENT
A Sponsor should maintain an ongoing professional leadership
association with Members in his or her organization and should
fulfill the obligation of performing a bona fide supervisory
function in the sale of products.
3.03 INCOME CLAIMS
Members must truthfully and fairly describe the MillionaireX7
Compensation Plan. No past, potential or actual income claims may be
made to prospective Members, nor may Members use their own incomes
as indications of the success assured to others. Members may not
guarantee commissions or estimate expenses to prospects.
3.04 TRANSFER OF SPONSORSHIP
The company does not permit the transfer of sponsors. Network
marketing is a business of creating relationships. Once a Member is
sponsored, the company believes in maximum protection of that
relationship. The only exception is upon prior written approval of
MillionaireX7 to correct ethical violations as determined at the
sole discretion of MillionaireX7.
3.05 CROSS SPONSORING
Members may not sponsor, nor attempt to sponsor, any non personally
sponsored distributors in any other network marketing company. In
addition, no Member may participate in any action that causes
another Member to be sponsored through someone else into another
network marketing company.
SECTION FOUR: RESIGNATION/TERMINATION
4.01 VOLUNTARY RESIGNATION
Member may voluntarily terminate his or her Member status by sending
written notice of such resignation or termination to MillionaireX7.
Voluntary resignation is effective upon receipt of such notice by
MillionaireX7.
4.02 SUSPENSION
Member may be suspended for violating the terms of his or her
Agreement, which includes these Policies & Procedures and Terms &
Conditions and other documents produced by MillionaireX7. When a
decision is made to suspend Member, MillionaireX7 will inform the
Member in writing that the suspension has occurred effective as of
the date of the written notification, the reason for the suspension
and the steps necessary to remove such suspension (if any). The
suspension notice will be sent to the Member's email address on file
pursuant to the notice provisions contained in the Policies &
Procedures and Terms & Conditions. Such suspension may or may not
lead to termination of the Member as so determined by MillionaireX7
at its sole discretion. If the Member wishes to appeal,
MillionaireX7 must receive such appeal in writing within fifteen
(15) days from the date of the suspension notice. MillionaireX7 will
review and consider the suspension and notify the Member in writing
of its decision within fifteen (15) days after receipt of the
appeal. The decision of MillionaireX7 will be final and subject to
no further review. MillionaireX7 may take certain action during the
suspension period, including, but not limited to, the following:
a) Prohibiting the Member from holding himself or herself as Member
or using any of the MillionaireX7 proprietary marks and/or
materials;
b) Withholding commissions and bonuses that are due the Member
during the suspension period;
c) Prohibiting the Member from purchasing services and products from
MillionaireX7;
d) Prohibiting the Member from sponsoring new Members, contacting
current Members or attending meetings of Members.
If MillionaireX7, at its sole discretion, determines that the
violation which caused the suspension is continuing, and has not
satisfactorily been resolved or a new violation involving the
suspended Member has occurred, the suspended Member may be
terminated.
4.03 TERMINATION
Member may be immediately terminated for violating the terms of his
or her Agreement, which includes these Policies & Procedures and
Terms & Conditions and other documents produced by MillionaireX7
upon written notice. MillionaireX7 may terminate a violating Member
without placing the Member on suspension, at the sole discretion of
MillionaireX7. When the decision is made to terminate Member,
MillionaireX7 will inform the Member in writing at the email address
in the Member's file that the termination has occurred.
4.04 APPEAL
If Member wishes to appeal the termination, MillionaireX7 must
receive the appeal in writing within fifteen days from the date of
notice of termination. If no appeal is received within the fifteen
day period, the termination will automatically be deemed final. If
Member files a timely notice of appeal, MillionaireX7 will review
the appeal and notify the Member of its decision within fifteen days
after receipt of the appeal. The decision of MillionaireX7 will be
final and subject to no further review. In the event the termination
is not rescinded, the termination will remain effective as of the
date stated in the original termination notice.
4.05 EFFECT OF TERMINATION
Immediately upon termination, the terminated Member:
a) Must remove and permanently discontinue the use of the
trademarks, service marks, trade names and any signs, labels,
stationary or advertising referring to or relating to any product,
plan or program of MillionaireX7.
b) Must cease representing themselves as Member of MillionaireX7;
c) Loses all rights to his or her Member position in the
Compensation Plan and to all future commissions and earnings
resulting there from;
d) Must take all action reasonably required by MillionaireX7
relating to protection of MillionaireX7 confidential information.
MillionaireX7 has the right to offset any amounts owed by Member to
MillionaireX7 including, without limitation, any indemnity
obligation incurred, from commissions or other compensation due to
the Member.
4.06 REAPPLICATION
The acceptance of any reapplication of a terminated Member or the
application of any family member of a terminated Member shall be at
the sole discretion of MillionaireX7 and can be denied.
4.07 STATE OR COUNTRY LAWS
Where state or country laws on termination are inconsistent with
this policy, the applicable state or country law shall apply.
SECTION FIVE: TRANSFERABILITY
5.01 ACQUISITION OF BUSINESS
Any Member desiring to acquire an interest in another Member's
business must first terminate his or her Member status before
becoming eligible for such a purchase. All such transactions must be
fully disclosed and must be approved by MillionaireX7 in advance.
5.02 TRANSFERS OF MEMBERSHIPS
Except as expressly set forth herein, Member may not sell, assign or
otherwise transfer his or her Member entity (or rights thereof) to
another Member or to an individual which has an interest in Member
entity. Notwithstanding the foregoing, Member may transfer his or
her Member entity to his or her sponsor, subject to the conditions
of Section 5.03. In such an event, the sponsor's entity and the
transferring Members entity shall be merged into one entity.
5.03 CONDITIONS TO TRANSFERABILITY
Members may not sell, assign, merge or transfer his or her Member
entity (or rights thereto) without the prior written approval of
MillionaireX7 and compliance with the following conditions:
a) MillionaireX7 possesses the right of first refusal with respect
to any sale, assignment, transfer or merger of any Member entity.
Member wishing to sell, assign, transfer or merge his or her Member
entity must first provide MillionaireX7 with the right and option to
make such a purchase or receive such transfer in writing on the same
terms and conditions as any outstanding or intended offer.
MillionaireX7 will advise the Member within ten business days after
receipt of such notice of its decision to accept or reject the
offer. If MillionaireX7 fails to respond within the ten day period
or declines such offer, the Member may make the same offer or accept
any outstanding offer which is on the same terms and conditions as
the offer to MillionaireX7 to any person or entity who is not
Member, married to, or a dependent of Member or who has any interest
in Member;
b) The selling Member must provide MillionaireX7 with a copy of all
documents which detail the transfer, including, without limitation,
the name of the purchaser, the purchase price and terms of purchase
and payment;
c) An office administration transfer fee of US$100 payable to
MillionaireX7 must accompany the transfer documents;
d) The documents must contain a covenant made by the selling Member
for the benefit of the proposed purchaser not to compete with the
purchaser or attempt to divert or sponsor any existing Member for a
period of twelve months from the date of the sale or transfer;
e) Upon a sale, transfer or assignment being approved in writing by
MillionaireX7, the buying Member must assume the position and terms
of agreement of the selling Member and must execute a current
Agreement and all such other documents as required by MillionaireX7;
f) MillionaireX7 reserves the right, at its sole discretion, to
stipulate additional terms and conditions prior to approval of any
proposed sale or transfer. MillionaireX7 reserves the right to
disapprove any sale or transfer, where allowed by law.
5.04 CIRCUMVENTION OF POLICIES
If it is determined, at the sole discretion of MillionaireX7, that
Member entity was transferred in an effort to circumvent compliance
with the Agreement, the Policies & Procedures or Terms & Conditions,
the transfer will be declared null and void. The Member entity will
revert back to the transferring Member, who will be treated as if
the transfer had never occurred from the reversion day forward. If
necessary and at the sole discretion of MillionaireX7, appropriate
action, including, without limitation, termination, may be taken
against the transferring Member to ensure compliance with the
Policies & Procedures and Terms & Conditions.
5.05 SUCCESSION
Notwithstanding any other provision of this Section, upon the death
of Member, the Membership will pass to his or her successors in
interest as provided by law. However, MillionaireX7 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
MillionaireX7. The successor will thereafter be entitled to all the
rights and be subject to all the obligations of a MillionaireX7
Member.
SECTION SIX: PROPRIETARY INFORMATION
6.01 CONFIDENTIALITY AGREEMENT
During the term of the Agreement, MillionaireX7 may supply to
Members confidential information, including, but not limited to
genealogy reports, customer lists, customer information developed by
MillionaireX7 or developed for and on behalf of MillionaireX7 by
Members (including, but not limited to, credit data, customer and
Member profiles and product purchase information), Member lists,
manufacturer and supplier information, business reports, commission
or sales reports and such other financial and business information
which MillionaireX7 may designate as confidential. All such
information (whether in written or electronic format) is proprietary
and confidential to MillionaireX7 and is transmitted to Members in
strictest confidence on a “need to know” basis for use solely in
Members business with MillionaireX7. Members must use their best
efforts to keep such information confidential and must not disclose
any such information to any third party, or use this information for
any non-company activity directly or indirectly while a Member and
thereafter. Members must not use the information to compete with
MillionaireX7 or for any purpose other than promoting the
MillionaireX7 program. Upon expiration, non-renewal or termination
of the Agreement, Members must discontinue the use of such
confidential information and promptly return any confidential
information in their possession to MillionaireX7.
6.02 VENDOR CONFIDENTIALITY
MillionaireX7 business relationships with its vendors, manufacturers
and suppliers are confidential. Members must not contact, directly
or indirectly, or speak to, or communicate with any supplier or
manufacturer of MillionaireX7 except at MillionaireX7 sponsored
events at which the supplier or manufacturer is present at the
request of MillionaireX7.
6.03 COPYRIGHT RESTRICTIONS
With respect to product purchases from MillionaireX7, Members must
abide by all manufacturers' use restrictions and copyright
protections.
6.04 COPYRIGHT
The MillionaireX7 program and materials in its entirety are
copyrighted by James Lee Valentine, the founder of MillionaireX7.
Therefore, unless covered by a separate agreement entered into and
signed by James Lee Valentine, no parts of this program and
materials may be changed in any format, sold independently, or used
in any way other than what is outlined within the MillionaireX7
program and materials. All branding, logos and graphics contained
within MillionaireX7 websites and materials are copyrighted.
Distribution or copying of such content is expressly prohibited
unless the content says otherwise.
SECTION SEVEN: TRADEMARKS, LITERATURE & ADVERTISING
7.01 TRADEMARKS
MillionaireX7 trademarks, service marks and copyrighted materials
are owned by MillionaireX7. The use of such marks and materials must
be in strict compliance with these Policies & Procedures. The
following names are all trademarked by James Lee Valentine and are
synonymous with the MillionaireX7 program: MX7, MillionaireX7,
Millionizer, Empowered Millionaire, Powerizer, Power Library. Their
use by any member of MillionaireX7 is strictly limited to the
MillionaireX7 program.
7.02 ADVERTISING & PROMOTIONAL MATERIALS
Only the promotional and advertising materials produced by
MillionaireX7 or approved in advance in writing by MillionaireX7 may
be used to advertise or promote a Member's business or to sell
products of MillionaireX7. The literature and materials of
MillionaireX7 may not be duplicated or reprinted without prior
written permission.
7.03 USE OF COMPANY NAME
Members may use the name of MillionaireX7 only in the following
format: “Member of MillionaireX7”.
7.04 STATIONERY AND BUSINESS CARDS
Members are permitted to create their own stationery, business cards
or letterhead graphics, but only the approved graphics and wording
of MillionaireX7 are permitted.
7.05 ELECTRONIC ADVERTISING
Members may freely advertise or promote their Member business.
However they may not advertise or promote or use the MX7 or
MillionaireX7 name in any electronic media or transmission,
including on the internet via websites or otherwise, without the
prior written approval of the MillionaireX7 legal department.
7.06 ONLINE SOCIAL MEDIA
Members may not join social media websites, or any online programs,
using the MX7 or MillionaireX7 name as their joining or member
profile name, without the prior written approval of the
MillionaireX7 legal department. If the Member is caught using the
MX7 or MillionaireX7 name, he/she must immediately consign the
rights to that member profile to MillionaireX7 and/or James Lee
Valentine.
7.07 TELEPHONE LISTING
Members are not permitted to use the MillionaireX7 trade name in
advertising their telephone and telecopy numbers in the white or
yellow page sections of the telephone book. Members are not
permitted to list their telephone numbers under the MillionaireX7
trade name without first obtaining prior written approval from
MillionaireX7. If approval is granted for an “800” listing, it must
be stated in the following manner: “Member of MillionaireX7”.
7.08 TELEPHONE ANSWERING
Members may not answer the telephone by saying “MillionaireX7,” or
in any other manner that would lead the caller to believe that he or
she has reached the offices of MillionaireX7.
7.09 IMPRINTED CHEQUES/CHECKS
Members are not permitted to use MillionaireX7 trade name or any of
its trademarks or service marks on their business or personal cheque/check
accounts.
7.10 MEDIA INTERVIEWS
Members are prohibited from granting radio, television, newspaper
tabloid or magazine interviews or using public appearances, public
speaking engagements, or making any type of statement to the public
media to publicize MillionaireX7, its products or MillionaireX7
businesses, without the express prior written approval of
MillionaireX7. All media inquires should be in writing and referred
to the corporate office, legal department of MillionaireX7.
7.11 ENDORSEMENTS
No endorsements by a MillionaireX7 officer or administrator or third
party may be asserted, except as expressly communicated in
MillionaireX7 literature and communications. Federal and state
regulatory agencies do not approve or endorse direct selling
programs. Therefore, Members may not represent or imply, directly or
indirectly, that the programs, products or services of MillionaireX7
have been approved or endorsed by any governmental agency.
7.12 RECORDINGS
Members may not produce or reproduce for sale products sold by
MillionaireX7 or any MillionaireX7 produced literature, audio or
video material, presentations, events or speeches, including
conference calls. Video and/or audio taping of MillionaireX7
meetings and conferences is strictly allowed for personal use only.
7.13 REPACKAGING PROHIBITED
Members may not repackage products or materials of MillionaireX7.
7.14 INDEPENDENT COMMUNICATIONS
Members, as independent contractors, are encouraged to distribute
information and direction to their respective team members. However
Members must identify and distinguish between personal
communications and the official communications of MillionaireX7.
SECTION EIGHT: PAYMENT OF COMMISSIONS
8.01 BASIS FOR COMMISSIONS
Commissions are allocated only on the sale of the MillionaireX7
product. No commissions are paid on the purchase of sales materials
or for just sponsoring Members. All new Members should join
MillionaireX7 first and foremost because of the product.
8.02 COMMISSION PAYMENTS FREQUENCY
Commissions are paid automatically by the MX7 proprietary software
on an INSTANT basis --- meaning that as soon as a commission is
earned it is paid out to the respective Member.
8.03 OFFSET OF COMMISSIONS
MillionaireX7 has a ZERO REFUNDS policy, which is detailed within
this Policies & Procedures document. However, any commissions or
bonuses earned and paid on membership or product refunds is the
obligation of the earning Members and must be repaid to
MillionaireX7 by the Members earning such commissions. MillionaireX7
has the right to offset such amounts against future commissions and
other compensation paid or owed to such Members who received
commissions.
SECTION NINE: PURCHASE & SALE OF PRODUCTS
9.01 MILLIONAIREX7: MILLIONIZER PROGRAM
MillionaireX7 is the exclusive retailer of the personal success
'MILLIONIZER' product for self-improvement. The information
contained within these materials is strictly for personal growth and
coaching and educational purposes. Therefore, if anyone wishes to
apply any of the strategies and principles to their own life, they
are taking full responsibility for their own actions and results.
9.02 MULTIPLE PURCHASE RULES
The success of MillionaireX7 depends on retail sales to the ultimate
consumer of the product. However, MillionaireX7 strictly prohibits
the multiple sales of the same products to the same consumer only or
primarily to qualify for compensation.
9.03 RETAIL SALES RULES
If MillionaireX7 determines that retail sales were not actually
made, the Member must repay MillionaireX7 all commissions earned
during the calendar period in which the retail sales were purported
to have been made.
9.04 ORDERING METHODS
All orders submitted to MillionaireX7 other than via the automated
online systems shall have a Member Identification Number placed
thereon to assist MillionaireX7 in crediting the appropriate Member.
9.05 PAYMENT OPTIONS
Membership purchases are to be paid solely via the approved payment
portals of MillionaireX7. Orders for products are not effective
until accepted by MillionaireX7.
9.06 PRODUCT DELIVERY
Payment for the product shall be made at the time of order. Upon
clearance of payment, delivery of the product ordered shall
commence. The 'MILLIONIZER' program is delivered via email on a
daily basis for 700 consecutive days. The first email is sent to the
consumer starting within one (1) business day of receipt of their
product payment.
9.07 PRICING POLICY
The price for the MillionaireX7 membership is US$700 one time and is
not intended to change. However, always in the best interests of the
Members, MillionaireX7 reserves the right to amend the Agreement,
Policies & Procedures, Terms & Conditions, its retail prices,
membership cost and duration, product and service availability, and
the Compensation Plan types at any time without prior notice as it
deems appropriate.
9.08 PROMOTIONAL ITEMS
All promotional items which bear the MillionaireX7 name or logo must
be purchased solely from MillionaireX7 unless prior written
permission is obtained from MillionaireX7.
9.09 PRODUCTS & SERVICES CLAIMS
Members may make no claim, representation or warranty concerning any
product or service of MillionaireX7, except those expressly approved
in writing by MillionaireX7 or contained in official MillionaireX7
materials.
9.19 SPAMMING
Unsolicited e-mailing (SPAMMING) is prohibited. See our SPAM POLICY
for more details.
SECTION TEN: MEMBER GUARANTEE & REFUND POLICY
10.01 MILLIONAIREX7 ZERO REFUNDS POLICY
MillionaireX7 offers a ZERO REFUNDS POLICY to all members. This is
foremost because new member positions are allocated instantaneously
and commissions on all joining fees are paid instantly as soon as
the joining fee payment is received. Secondly, all members of MX7
receive the daily MILLIONIZER product for the full 700 days after
joining. Therefore, as our systems are fully automated and
irrevocable, no refunds shall be made.
To repeat: MillionaireX7 offers no refunds. So please do not join
MX7 if this zero refunds policy is not agreeable to you or if the
sum of US$700 will place you under any form of financial distress or
is beyond your fiscal means at this time.
MillionaireX7 also has a ZERO CHARGE-BACKS POLICY on all credit card
transactions. So if you decide to join MX7 using a credit card,
please understand that this is a final and irrevocable transaction.
This means that even if you choose to dispute your $700 payment with
your credit card company, your dispute will fail. This is because
during the joining process, you will be required to waive your
charge-back rights by way of agreeing to the Terms and Conditions
policy of MillionaireX7.
Bottom line: If you are in any way unsure about paying the US$700
one-time joining fee, please walk away at this time. The founders of
MillionaireX7 are aiming for this program to be here for the long
haul, so you may always come back and check out this opportunity at
a later date once your financial situation has already improved.
10.02 DO NOT JOIN MILLIONAIREX7 IF ANY OF THESE APPLY TO YOU:
1) You have no interest in furthering your own personal success.
2) You have no access to an internet enabled computer or mobile
device.
3) You lack basic computer knowledge or lack the willingness to
learn.
4) Purchasing the product at US$700 would cause you financial
hardship.
5) You do not agree with the ‘ZERO REFUNDS POLICY’ of MillionaireX7.
6) You do not agree with the ‘ZERO CHARGE-BACKS POLICY’ of
MillionaireX7.
10.03 WARRANTIES
Except as expressly stated herein, MillionaireX7 makes no warranty
or representation as to the merchantability, fitness for a
particular purpose, workmanship or any other warranty concerning any
product or service purchased from or through MillionaireX7.
SECTION ELEVEN: MILLIONAIREX7 PAYMENT PORTALS
11.01 MillionaireX7 uses AlertPay as our primary payment portal
provider of choice.
11.02 Members of MillionaireX7 are required to set up an AlertPay
account for sending funds for the one-time joining fee and for
receiving funds for the commissions. AlertPay accounts are free to
set up.
11.03 AlertPay transaction fees incurred during payment of any
Member purchases to MillionaireX7 will be absorbed by MillionaireX7.
AlertPay transaction fees for receiving any commissions from
MillionaireX7 will be absorbed by the Members receiving the
commissions.
11.04 Payment Processor Disclaimer: MillionaireX7 and AlertPay are
separate independent entities. Any funds in a Member’s AlertPay
account are the full responsibility of the Member and AlertPay. They
are in no way the responsibility of MillionaireX7 in any manner.
11.05 AlertPay is a Canadian registered corporation and a United
States registered corporation and complies with the regulations of
the OSFI (Office of the Superintendent of Financial Institutions,
Canada), FINTRAC (Financial Transactions and Reports Analysis Centre
of Canada) and FinCEN (Financial Crimes Enforcement Network). All
monies deposited with AlertPay are FDIC (Federal Deposit Insurance
Corporation) and CDIC (Canada Deposit Insurance Corporation)
pass-through insured in the U.S.A. and Canada, and are held with
federally chartered and regulated banks.
11.06 MillionaireX7 may change the payment portal provider of choice
or elect to use various other payment portal methods at its
discretion for receiving funds for the products and for sending
funds for the commissions. Notice via email and also posted in the
Members Area will be given to the Members of any changes regarding
the status of any payment portals and payment methods.
SECTION TWELVE: GENERAL PROVISIONS
12.01 INDEMNITY AGREEMENT
Member agrees to indemnify and hold harmless MillionaireX7, its
shareholders, officers, directors, employees, agents and successors
in interest from and against any claim, demand, liability, loss,
cost or expense including, but not limited to, court costs and
attorneys' fees, asserted against or suffered or incurred by any of
them, directly or indirectly arising out of or in any way related to
or connected with allegedly or otherwise, the Members (a) activities
as Member; (b) breach of the terms of the Agreement; and/or (c)
violation of or failure to comply with any applicable federal, state
or local law or regulation.
12.02 PROCESSING CHARGES
MillionaireX7 has a policy of zero extra fees above the one-time
joining fee. However, MillionaireX7 reserves the right to institute
a processing charge for unique requests by any Member.
12.03 OTHER SERVICES & PRODUCTS
Members may not promote or sell another company's products or
services at functions organized to feature the MillionaireX7
program. Members are not restricted from selling other company's
services and products which are not similar to or competitive with
the products of MillionaireX7. However promotion of competitive
services, products and/or business programs with anyone, including
Members, is strictly prohibited.
12.04 LIABILITY
To the extent permitted by law, MillionaireX7 shall not be liable
for, and each Member releases MillionaireX7 from, and waives all
claims for any loss of profits, indirect, direct, special or
consequential damages or any other loss incurred or suffered by
Member as a result of (a) the breach by Member of the Agreement
and/or the Terms & Conditions and/or the Policies & Procedures; (b)
the operation of Member's business; (c) any incorrect or wrong data
or information provided by Member; or (d) the failure to provide any
information or data necessary for MillionaireX7 to operate its
business, including, without limitation, the enrollment and
acceptance of Member into the Compensation Plan or the payment of
commissions and bonuses.
12.05 RECORDKEEPING
MillionaireX7 encourages all Members to keep complete and accurate
records of all their business dealings.
12.06 FORCE MAJEURE
MillionaireX7 shall not be responsible for delays or failure in
performance caused by circumstances beyond a party's control, such
as but not limited to: fire, flood, tsunami, earthquake, storm,
power outages, labor difficulties, strikes, war, government decrees
or orders and/or curtailment of a party's usual source of supply.
12.07 VIOLATIONS
It is the obligation of every Member to abide by and maintain the
integrity of the Policies & Procedures and Terms & Conditions. If a
Member observes another Member committing a violation, he or she
should discuss the violation directly with the violating Member. If
the Member wishes to report such violation to MillionaireX7, he or
she must detail violations in writing only and mark the
correspondence “Attention: MillionaireX7 Legal Department”.
12.08 AMENDMENTS
MillionaireX7 reserves the right to amend the Agreement, Policies &
Procedures, Terms & Conditions, its retail prices, membership cost
and duration, product and service availability and the Compensation
Plan types at any time without prior notice as it deems appropriate.
Amendments will be communicated to Members through the official
MillionaireX7 website and or official MillionaireX7 publications.
Amendments are effective and binding upon submission to the
MillionaireX7 website. In the event any conflict exists between the
original documents or policies and any such amendment, the amendment
will control.
12.09 NON-WAIVER PROVISION
No failure of MillionaireX7 to exercise any power under these
Policies & Procedures or to insist upon strict compliance by Member
with any obligation or provision herein, and no custom or practice
of the parties at variance with these Policies & Procedures, shall
constitute a waiver of MillionaireX7's right to demand exact
compliance with these Policies & Procedures. MillionaireX7's waiver
of any particular default by Member shall not affect or impair the
rights of MillionaireX7 with respect to any subsequent default, nor
shall it affect in any way the rights or obligations of any other
Member. No delay or omissions by MillionaireX7 to exercise any right
arising from a default effect or impair the rights of MillionaireX7
as to that or any subsequent or future default. Waiver by
MillionaireX7 can be affected only in writing by an authorized
officer of MillionaireX7.
12.10 GOVERNING LAW
The Agreement and these Policies & Procedures shall be governed by
the laws of the British Virgin Islands.
12.11 DISPUTES
In the event a dispute arises between MillionaireX7 and a Member
regarding their respective rights, duties under this agreement, or
in the event of a claim of breach of the Member Agreement, it is
agreed that such dispute shall be exclusively resolved pursuant to
binding arbitration under the Commercial Rules of the British Virgin
Islands with arbitration to occur at the British Virgin Islands. The
Arbitrator may award, in addition to declaratory relief, contractual
damages and shall award reasonable attorney’s fees and costs to the
prevailing party. An award of attorney’s fees and costs shall
continue through any review, appeal or enforcement of an arbitration
decision. The arbitration decision may be enforced in any court of
competent jurisdiction. This provision shall not be construed so as
to prohibit either party from obtaining preliminary or permanent
injunctive relief in any court of competent jurisdiction. The
parties each expressly waive their right to collect consequential,
punitive and exemplary damages from the other party.
12.12 ENTIRE AGREEMENT
The MillionaireX7 Policies & Procedures are incorporated into the
Agreement and, along with the MillionaireX7 Terms & Conditions and
MillionaireX7 Earnings Disclaimer and MillionaireX7 Spam Policy and
MillionaireX7 Privacy Policy, constitute the entire Agreement of the
parties regarding their business relationship.
12.13 SEVERABILITY
If under any applicable and binding law or rule of any applicable
jurisdiction, any provision of the Agreement, including these
Policies & Procedures and Terms & Conditions, or any specification,
standard or operating procedure which MillionaireX7 has prescribed
is held to be invalid or unenforceable, MillionaireX7 shall have the
right to modify the invalid or unenforceable provision,
specification, standard or operating procedure or any portion
thereof to the extent required to be valid and enforceable, and the
Member shall be bound by any such modification. The modification
will be effective only in the jurisdiction in which it is required.
12.14 LIMITATION OF DAMAGES
To the extent permitted by law, MillionaireX7 and its Members,
officers, directors, employees and other representatives, shall not
be liable for, and Member hereby release the foregoing from, and
waive any claim for loss of profit, incidental, special,
consequential or exemplary damages which may arise out of any claim
whatsoever relating to MillionaireX7 performance, nonperformance,
act or omission with respect to the business relationship or other
matters between any company and MillionaireX7, whether sounding in
contract tort or strict liability. MillionaireX7 shall not exceed
and is hereby expressly limited to the amount of any commissions
owed to the Member.
12.15 NOTICE
Any communication, notice or demand of any kind whatsoever which
either the Member or MillionaireX7 may be required or may desire to
give or to serve upon the other shall be in writing and delivered by
electronic communication (if confirmed in writing sent by registered
or certified mail, postage prepaid, return receipt requested). Any
such communication, notice or demand shall be deemed to have been
given or served on the date of confirmed dispatch, if by electronic
communication, or on the date shown on the return receipt or by
other evidence if delivery is by mail.
12.16 MILLIONAIREX7: TIME ZONE
MillionaireX7 operates on Eastern Standard Time (EST). All online
transactions are calculated using EST from 00:00:00 hours on the
first day of the month to 23:59:59 hours on the last day of the
month, every month, every year.
12.17 DO NOT JOIN MILLIONAIREX7 IF ANY OF THESE APPLY TO YOU:
1) You have no interest in furthering your own personal success.
2) You have no access to an internet enabled computer or mobile
device.
3) You lack basic computer knowledge or lack the willingness to
learn.
4) Purchasing the product at US$700 would cause you financial
hardship.
5) You do not agree with the ‘ZERO REFUNDS POLICY’ of MillionaireX7.
6) You do not agree with the ‘ZERO CHARGE-BACKS POLICY’ of
MillionaireX7.
12.18 MILLIONAIREX7 REGISTERED OFFICE
MillionaireX7 Global Incorporated
Mill Mall Tower, 2nd Floor
Wickhams Cay 1
Road Town
Tortola
British Virgin Islands 1110
Telephone: +63-939-253-3333
Email: admin@millionairex7.com
Note: This policy document along with all policy documents within
our website must be reviewed and approved prior to use for your
particular purpose. No statement of legality or compliance with any
regulatory agencies is made in providing you with this document.
|
 |
