|
Legal Name of
Business________________________________________________________________________________________
Federal Taxpayer ID Number___________________________________Sole Owner_______Partnership_____Corporation_________
Doing Business
As____________________________________________________________________________________________
Address___________________________________________________City_________________________State______Zip_________
Bus. Phone____________________ Bus. Fax ___________________ Cell
___________________ Res. Phone __________________
E-Mail
____________________________________________Website___________________________________________________
President/Owner/Partner___________________________________________________Title_________________________________
Home
Address______________________________________City____________________________State________Zip___________
Goods & Services Available at 100% Trade________________________________________________________________________
Trade Contact Person___________________________________________________ Trade Limits____________________________
Who referred you to The Crescent City Trade Exchange? _____________________________________________________________
_____Plan A (High Volume) (or) _____Plan B (Low Volume)
a.
Initiation Fees $489.00 trade dollars a.
No Initiation Fees
b.
Monthly Dues $12 cash & $12 trade b.
No Monthly Dues
c.
Service Fees 12% in cash on purchases only c.
Service Fees 16% in cash on purchases only
(Auto Pay – monthly fees are $10 cash &
$10 trade, (Auto Pay – service fees are 14% cash on purchases)
and
service fees are 10% cash on purchases)
_____Auto Pay –I Authorize cash fees to be automatically charged to my credit card
after the first of each month.
Auto pay will remain in effect until written
cancellation is received. (Valid
Auto-Pay must be
in
place each month in order to receive the lower cash percentage rate.)
Card
Number
_______________________________________________ Exp. Date_________________
4.
Member and/or CCTE have
the option to cancel this agreement as specified on the reverse side of this
agreement.
5.
In the event of and
breach of agreement by Member, Member agrees to pay reasonable attorney fees,
court costs, collection costs and interest.
6.
This agreement cannot be
assigned, transferred, or sold without prior written consent of CCTE and is
binding upon heirs, successors, assigns, and administrators of Member.
7.
Overdrafts may be
available upon CCTE approval. This overdraft privilege, if used, will
constitute a debt to the system.
8.
CCTE shall bring Member
new business during initial 12 month period, or return initiation fees.
9.
The names listed below
are authorized users of the Member’s trade account.
10.
The above information is
true and correct to the best of my knowledge.
SIGNATURE______________________________________
TITLE______________________________ DATE_____________
Card Name________________________________ Card
Name___________________________________
Card
Name________________________________ Card
Name___________________________________
www.crescentcitytrade.com
Member
of the National Association of Trade Exchanges
1.
Members
will sell goods and/or services for 100% trade at their prevailing
non-discounted retail prices, to other Members in good standing, up to their
trade ceiling. Members may submit in writing requests for consideration of a
surcharge to be applied to sales or products that have an abnormally low margin
of profit. Written requests must contain sufficient documentation and evidence
to fully substantiate the request. The decision of the CTTE , in respect to
such requests, will be final.
2.
Trade
transactions between Members are entered into on a voluntary basis. CCTE bears
no responsibility for the quality of the products or services, timely delivery,
prices, warranties, or any problems that arise from the transaction. Disputes
between Members may be arbitrated by CCTE upon request of either Member in the
dispute. Any dispute between members shall have no effect on the indebtedness
due to the CCTE. Any refunds and/or adjustments will be made by means of a
credit voucher signed by seller and upon receipt by the CCTE will be reflected
in the monthly statement.
3.
All
purchases must be approved by the CCTE prior to the sales and have a purchase
authorization number assigned to each transaction. Purchases by Members,
partners the Exchange, and Exchange personnel will be limited to the buyer’s
current trade balance unless prior arrangements have been approved and
authorized by an Officer of the CCTE. Members agree that such authorization is
given to CCTE, its partners and Officers. Such authorization will be granted
when it is considered in the best interest of the Exchange. A financial
statement, promissory note, or equivalent collateral may be required by the
CCTE prior to approval. Only by separate agreement or approval by the CCTE will
a Member be granted an extension of its already designated line of credit.
4.
Members
wishing to make a trade purchase must call the Exchange prior to each and every
purchase. The Exchange reserves the right to decline to issue a purchase
authorization when prior clearance to trade was not sought by the buyer, when
the buyer had insufficient credits to make the purchase, or when the
transaction is disputed by either party. Members that circumvent these
procedures and rules while trading with other Exchange Members are subject to
permanent cancellation of membership and/or payment of transaction fees on
circumvented trades, at CCTE’s option.
5A. A Member may cancel
his/her membership in the CCTE at any time without cause by giving written
notice of cancellation. Effective date of cancellation will be the date of
receipt of cancellation by the Exchange. When canceling membership, the Member
shall pay all fees or charges due or yet to become due to the CCTE. Members
will have ninety (90) days from receipt by the Exchange of notice of
cancellation to zero balance its trade credits account by making offsetting
sales to Members in good standing. At the end of ninety (90) days, all debit
balances shall be paid in cash. Any credit balances shall become the property
of CCTE.
5B. CCTE may cancel a
Member’s membership at any time with cause by giving written notice to Member,
at which time all fees or charges whether due or yet to become due will
immediately become due and payable in cash. At the discretion of CCTE, Member
shall have ninety (90) days from effective dates of cancellation to zero
balance its trade credits account with offsetting sales to Members in good
standing. At the end of ninety (90) days any debit balances shall be paid in
cash. Any credit balances shall become the property of CCTE. Cause shall mean a
breach of any of the covenants contained in the Agreement.
6. Seller must submit to
the Exchange copy of the invoice/purchase order to the Exchange within seven
(7) days of the sale so that the buyer and seller accounts may be maintained in
a current status. The seller is responsible for acquiring the purchase
authorization number and securing the signature of the buyer on the purchase
order. Purchase orders received by the Exchange without the buyer’s signature
and/or an authorization number, may be returned to the seller for appropriate
action. The seller in all instances will furnish all expertise required and
must include sales and excise taxes, as appropriate, and all other charges
pertinent to the purchase.
7. Members must report to
the Exchange any discrepancies in their monthly statement within fourteen (14)
days of receipt; otherwise statement will be deemed correct.
8. Trade credits are not
intended, nor should they be considered to be legal tender or a form of
securities. Members are advised that transactions involving trade credits are
generally treated as taxable events for federal, state, and local tax purposes.
Members should consult their tax advisors for appropriate tax treatment. CCTE
will issue a 1099-B report at the end of each calendar year.
9. CCTE trade
identification cards are not transferable and are to remain the property of the
CCTE and as such may be canceled and the privileges thereof revoked at any time
by CCTE, with cause, and all CCTE cards issued shall be surrendered to the CCTE
or its agent on demand.
10. In the event of a breach
of the Membership Application and Agreement or these Trading Rules, Regulations
and Procedures, CCTE may, in addition to all its other rights, do one or more
of the following:
A.
Cancel
or suspend privileges of membership and/or demand payment in full of debit
balances in cash.
B.
Notify
other Members that they are no longer to trade through CCTE with the defaulting
Member.
C.
Require
that all, or a portion of the Member’s cash fees be paid in advance.
11. CCTE reserves the right
to add, change or delete any rules, should such changes, additions or deletions
be to the benefit of the Trade Exchange System. CCTE shall give ten (10) days
written notice of such changes, additions or deletions. Acceptance thereof by
Member will be effected, whether in writing, or by failure to give the Exchange
written notice of objection within ten (10) days.
12. In the event the Barter
system of the CCTE terminates, or ceases to do business, or ceases to exist or
function, all Members in a debit position with respect to their trade balance,
that is – owing trade dollars (one trade dollar being equal and equivalent for
these purposes, to one dollar in cash in U.S. currency) will contribute that
amount of cash into a fund. The fund, less expenses, will be distributed pro
rata to all Members who are in a credit position with respect to their trade
balance. Thus, all Members in a credit position will receive cash for their
trade dollars to the extent the fund permits. CCTE shall not be liable to any
Member in a trade dollar credit position for cash or trade dollars beyond the
distribution of such fund aforementioned.
13. Members agree to abide
by these Trading Rules, Regulations and Procedures and the Membership
Application and Agreement.
14. Throughout this
agreement the word “Exchange” refers to the Crescent City Trade Exchange, Inc.