NetLeaders Rules and Regulations
1.0 - Introduction
CL Singapore Pte. Ltd., a Singapore corporation (hereafter “Company” or “NetLeaders” ), manages a network of Advocates and Customers called NetLeaders™ and markets the NetLeaders Licenses and Products ( “Products and Services” ). The Products and Services associated with the DasNet proprietary blockchain are described in more detail on the Company’s website: www.netleaders.com (the “Site” ) and in the Company’s authorized literature.
The Company is a member of an international alliance of companies (the “DasNet Alliance” ) which are independently managed and controlled, comprising of DasCoin limited, the Company, DasFinancial AG, WebWallet Pte. Ltd., and TechSolutions.
Combining vision, talent, state of the art block chain technology and business coordination the DasNet Alliance works together to support the value of the ecosystem’s digital asset system through a global network of hardware and software systems, as well as associated products and services that are offered within this system, including trading exchange functions, smart contracts and payment solutions. The Company in collaboration with several associated companies ensures that the DasNet digital asset system will operate smoothly and efficiently for its Customers and Advocates.
Independent Advocates are offered the opportunity to receive referral based commissions and bonuses by promoting / reselling the Products and Services (see NetLeaders Compensation Plan or Opportunity).
Unless otherwise mandated by the context, all references hereunder to the term NetLeaders shall mean the Company.
1.1 - Governing Structure
BlockChain Governance: The DasCoin Blockchain will be managed by a governing board voted to office to regulate the parameters of the network. Experienced board members will be elected by the system’s Voting Nodes which are operated within the wallet accounts of the members. The role of the Board will be to propose and modify chain parameters to support the normal functionality and growth of the network, delegate certain executive roles to chain executives (such as issuing licenses and authenticating said licenses), and act as a check on the power of said executives.
Network Governance: Advisory Councils (ACs) associated with the Company and consisting of designated Advocates and officers of the Company will provide advice and assist in promulgating and administering the NetLeaders Rules and Regulations. The NetLeaders Compliance Department (NCD) will monitor and ensure compliance with the published NetLeaders Rules and Regulations.
1.2 - Governance and Enforcement
The Rules and Regulations contained herein, as may be amended from time to time, provide a code of ethics for all members of NetLeaders. They will govern the marketing of the Company’s Products and Services and to ensure the integrity and longevity of the system, they will be strictly enforced by the NCD. Any reported infringement will be documented, logged and brought to the Compliance and Culture AC for a decision. Decisions arrived at by the AC will be strictly implemented and depending on severity, disciplinary action may include fines, suspension or termination. Decisions made by the AC are final and binding on all NetLeaders members.
In this document, any reference to “You” , “I” , “Licensee” or “Advocate” shall mean, when applicable, the person intending to join DasNet as a member, by either becoming a Licensee an Advocate or a Marketing Advocate.
1.3 - Becoming a Licensee
To become a member of the DasNet community and to benefit from the Products and Services offered by the system, a prospective user (Licensee) must acquire a license from the Company by submitting an online Application, agree to be bound by the License Agreement and the associated compliance terms and conditions listed below, and pay the applicable license fee.
By purchasing a license, the Licensee qualifies as a Customer of the Company, and no additional action is required on his/her part to access the Products and Services, nor is there a requirement to sign up as an Advocate.
All licensees must be 18 years of age and above.
- The NetLeaders License Agreement
- The NetLeaders Licensee Statement of Understanding
- Any and all amendments to the above made by the Company from time to time
- Applicable laws and regulations in Licensee’s country of residence
1.4 - Becoming an Advocate
- The Advocate with license Track is offered to Advocates opting to purchase a License and also participate in the Opportunity as described below
- The Marketing Advocate Track is offered to Advocates opting to participate in the Opportunity only without purchasing a License
- The NetLeaders License Agreement
- The NetLeaders Advocate Statement of Understanding
- Any and all amendments to the above made by the Company from time to time
- Applicable laws and regulations in Licensee’s country of residence
- The NetLeaders Advocate Statement of Understanding
- Any and all amendments to the above made by the Company from time to time
- Applicable laws and regulations in Licensee’s country of residence
In this agreement the term Advocate shall include all Advocates with licenses as well as Marketing Advocates.
Once an Advocate application has been accepted by the Company coupled with electronically executed documents plus a payment in full of the Opportunity enrolment fee, the following benefits shall be available to the Advocate:
- Market and sell NetLeaders Products and Services;
- Participate in the NetLeaders Compensation Plan (receive bonuses and commissions, if eligible);
- Sponsor other individuals as Advocates into the NetLeaders business and thereby, build a marketing organization and progress through NetLeaders Compensation Plan;
- Receive periodic NetLeaders literature and other NetLeaders communications;
- Participate in NetLeaders-sponsored support, service, training, motivational and recognition functions, upon payment of appropriate charges, if applicable; and
- Participate in promotional incentives and programs sponsored by NetLeaders for its Advocates.
Advocates understand that they are required to review the term of the Site periodically and participate in training sessions. Advocates further understand that failure to comply with any law, regulation, or the policies provided hereunder may be grounds for disciplinary action including the possible suspension of Advocate status.
Please note that no License or Product purchase is required to become an independent NetLeaders Marketing Advocate.
All Advocates must be 18 years of age and above.
1.5 - Prohibited Sales Practices
It is important to understand that your success and the success of your fellow Advocates depend on the integrity of those who market our Products and Services. Because you may be unfamiliar with many of the standards of practice contained herein, it is very important that you read and abide by the policies itemized in this document. Please review the information in this document carefully, as it explains and governs the relationship between you, as an independent contractor, and the Company. If you have any questions regarding any policy or rule, do not hesitate to seek an answer from the NetLeaders corporate office by sending an email to [email protected].
- At all times an Advocate shall NOT promote the License, Cycles or DasCoin as an investment which will increase in value,
- An Advocate shall only promote the Cycles and DasCoin based on their functionality and use,
- An Advocate shall avoid associating the Licenses, Cycles and DasCoin with existing investment language and processes, and
- An Advocate shall refer all interested parties to the appropriate disclaimers on the Site about the NetLeaders licenses as a product, and NOT as an investment.
1.6 - Business entities
- Business is registered legally under the local jurisdiction and is allowed to conduct business legally in the country of incorporation.
- Payment and bonuses will be issued to the business entity and not to any shareholder or director of the entity.
- One participant to be deemed to be the primary contact for the entity as provided in a Board Resolution from the entity and all information provided to or received from that person will be deemed to be information provided / received by the entity.
Note: No person with an interest of debt or equity in the business will have an interest in another NetLeaders business with a different Upline above him in the Network Tree other than that which the business entity is registered under. “Upline” shall mean the organization of Advocates enrolled and placed above any NetLeaders business.
1.7 - Rules and Regulations incorporated into Advocate Agreement
The Rules and Regulations stated herein, in their present form and as amended at the sole discretion of NetLeaders, are incorporated into, and form an integral part of, the NetLeaders Advocate Agreement. Throughout these Rules and Regulations, when the term “Agreement” is used, it collectively refers to the NetLeaders Advocate Application and License, these Rules and Regulations, NetLeaders Policies and Procedures and the NetLeaders Compensation Plan. These documents are incorporated by reference into the NetLeaders Advocate Agreement (all in their current form and as may be amended by NetLeaders).
1.8 - Changes to the Agreement
Because laws and the business environment periodically change, NetLeaders reserves the right to amend the Agreement, the Products and Services offered, the compensation plan, and associated pricing at the Company’s sole and absolute discretion. By signing the Agreement, Advocates agree to abide by all amendments or modifications that NetLeaders elects to make. Amendments shall be effective 30 days after publication of notice of amendments. The Company shall provide or make available to all Advocates a complete copy of the amended provisions by one or more of the following methods: (a) posting on the Company’s official website or member dash board; (b) electronic mail (e-mail); (c) inclusion in Company periodicals; (d) inclusion with commissions or bonus checks; or (e) special mailings. The continuation of your NetLeaders business and marketing the Products and Services or your acceptance of bonuses or commissions constitutes acceptance of any and all amendments.
1.9 - Policies and Provisions Severable
If any provision of the Agreement, in its current form or as may be amended, is found to be invalid, or unenforceable for any reason, only the invalid portion(s) of the provision shall be severed and the remaining terms and provisions shall remain in full force and effect and shall be construed as if such invalid or unenforceable provision never comprised a part of the Agreement
1.10 - Waivers
The Company never gives up its right to insist on compliance with the Agreement and with the applicable laws governing the conduct of a business. No failure of NetLeaders to exercise any right or power under the Agreement or to insist upon strict compliance with any obligation or provision of the Agreement, and no custom or practice of the parties at variance with the terms of the Agreement, shall constitute a waiver of NetLeaders’ right to demand exact compliance with the Agreement. Waiver by NetLeaders can be affected only in writing by an authorized officer of the Company. NetLeaders’ waiver of any particular breach by an Advocate shall not affect or impair NetLeaders’ rights with respect to any subsequent breach, nor shall it affect in any way the rights or obligations of any other Affiliate. Nor shall any delay or omission by NetLeaders to exercise any right arising from a breach affect or impair NetLeaders’ rights as to that or any subsequent breach.
1.11 - Governmental Approval or Endorsement
No government or state regulatory agencies or officials approve or endorse any direct selling program. Therefore, Advocates shall not represent or imply that NetLeaders or its Compensation Plan have been “approved” , “endorsed” or otherwise sanctioned by any government agency
2.0 - Operating an Advocate account
It is your duty to ensure that accurate information is provided on setting up of your account and to keep the information updated to reflect any change to your personal information / status. Any falsification of identity records will be a serious infringement which may lead to suspension or termination of your license.
2.1 - Bonus and Commission Qualifications
Advocates must be active and in compliance with the Agreement and these Policies to qualify for bonuses and commissions. So long as an Advocate complies with the terms of the Agreement and these policies, NetLeaders shall pay commissions to such Advocates in accordance with the Compensation Plan. The minimum amount for which NetLeaders will issue a commission payment is S$25.00. If bonuses and commissions do not equal or exceed S$25.00, the Company will accrue the commissions and bonuses until they total S$25.00. Commissions will be issued once S$25.00 has been accrued via check, paycard or direct deposit.
2.2 - Commission Payments and Promotions
Commissions will be wired out or credited out in accordance with the Compensation Plan. Commissions will be calculated according to the level for which an Advocate actually satisfied all of the requirements according to the Compensation Plan rather than the highest rank or title achieved. Commission reports will be provided to Advocates on-line, via web access.
2.3 - Adherence to NetLeaders Compensation Plan
Advocates must adhere to the terms of the NetLeaders Compensation Plan as set forth in official NetLeaders literature.
Advocates shall not offer the NetLeaders opportunity through, or in combination with, any other system, program or method of marketing other than that specifically set forth in official NetLeaders literature. Advocates shall not require or encourage others to participate in NetLeaders in any manner that varies from the program as set forth in official NetLeaders literature. Advocates shall not require or encourage others to execute any agreement or contract other than official NetLeaders agreements and contracts in order to become a NetLeaders Advocate or Licensee. Similarly, Advocates shall not require or encourage others to make any purchase from, or payment to, any individual or other entity to participate in the NetLeaders Compensation Plan other than those purchases or payments identified in official NetLeaders literature.
2.4 - Minors
Advocates shall not enroll or recruit individuals under the age of 18 into the NetLeaders program
2.5 - Change of Sponsor
To protect the integrity of all marketing organizations and to safeguard the hard work of all Advocates, NetLeaders does not allow changes in sponsorship for active Advocates. Maintaining the integrity of sponsorship is critical for the success of every Advocate. Accordingly, the transfer of a NetLeaders business from one sponsor to another is not permitted with the exceptions that are noted below.
If a prohibited shift of sponsor has occurred, the Company reserves the right to reinstate the previous positions before the shift has taken place, as well as institute any disciplinary action as decided upon by the AC.
- A request to change sponsor, due to a NetLeaders error, will be accepted within 30 days of the submission of the original Application and Agreement.
- An Advocate may legitimately change his or her Sponsor by reapplying to the Company after their account has been determined by the Company to be deactivated as per Clause 2.6. Upon Deactivation, the Advocate will permanently lose any and all rights to their former Downline organization. “Downline “shall mean the organization of Independent Advocates and Licensees that were enrolled and placed under any Advocate’s business.
2.6 - Deactivation of account
An Advocate may suspend his or her NetLeaders Agreement by informing the Company of their wish to do so with a 30 days’ written notice of suspension AND by ceasing immediately all Advocate activities relating to the account for a period of at least 6 months following the written notice. Inactivity shall mean: no sales of NetLeaders products; no sponsoring; and no operation of any NetLeaders business for 6 full calendar months. If the Advocate meets the 6 month test following the notice suspension of his or her account then the Company at its discretion shall deem the account to be dormant and deactivated.
Note: a dormant account with no activity shall not be deemed deactivated unless the written request is received by the Company prior to the commencement of the 6 month period.
2.7 - Transfer of License or Advocate business
Any request for a transfer of a License or an Advocate business to another party must be made in writing and addressed to the Company (Compliance Department) which will consider the request.
The selling party must offer NetLeaders the right of first refusal to purchase the business on the same terms as agreed upon with a third-party buyer. NetLeaders shall have fifteen (15) days from the date of receipt of the written offer from the seller to exercise its right of first refusal.
Only after an approval has been obtained and a “no exercise” decision relating to the first refusal right is reached and advised by the Company may a valid transfer take effect. Attempted transfers without approval shall be ignored and the transferee might be sanctioned. An administrative handling fee of 100 Euros shall apply to any approved transfer, but the Company, at its sole discretion may waive the fee in exceptional circumstances.
Under no circumstance shall a transfer of a License or an Advocate business to another party, whether approved or not, result in a change in either their Sponsor or Downline, in other words, their position in the placement tree shall remain the same.
Note: the Transferee will have to agree in writing to abide by all the rules, Agreements, commitments etc. undertaken by the transferee before any approval to transfer is granted.
2.8 - Transfer upon demise of a Licensee or Advocate
- Transfer upon death of Individuals - Upon demise of a member, the License, Advocate’s business, commissions and the Network Tree, as applicable, will be transferred to his / her heirs or beneficiaries whether by will, intestate succession, or otherwise. Any transfer will be recognized only upon presentation of a valid legal document or a court order evidencing the qualified transferee. The Company shall promulgate rules relating to the protocol to be followed in the case of a death of a member to include receipt of notice of death, presentation of legal documents, appointing a single beneficiaries’ representative to represent the estate and the placement of the account on hold until the Company is satisfied that proper arrangements have been made to its satisfaction to relieve it from any liabilities, claims, costs, damages, judgements or expenses incurred.
- No transfer upon death of a primary contact person of a Business entity - The business entity shall continue to be the license holder or Advocate business and it must nominate as soon as possible another primary contact if the demised party was the primary contact for the entity. A change of primary contact must be made by a Board Resolution of the entity and presented to the Company. The Company shall continue to issue payment / bonuses to the entity.
- If a member dies leaving more than one beneficiary, the Company shall not divide the payments, bonuses or cycles of a Licensee or Advocate. Rather, any arrangement to carry out allocation to beneficiaries will have to be made separately by the beneficiaries themselves and they must appoint a representative to represent their joint account. If any exception is made, it will be at the discretion of the Company but the beneficiaries will have to agree in a legally binding document to hold the Company harmless against any and all losses, liabilities, claims, costs, damages, judgements or expenses incurred.
Licensees and Advocates are encouraged to make appropriate arrangements in consultation with an estate planning attorney for the transfer of their License or Advocate business upon demise.
2.9 - Divorce
In the event of a divorce or separation, the Company shall not divide the payments, bonuses, cycles or Dascoin of a Licensee or an Advocate between the spouses. Rather, payments and minting shall be made only to the registered owner on the account. If any exception is made, it will be at the discretion of the Company and the spouses agree to hold the Company harmless against any and all losses, liabilities, claims, costs, damages, judgements or expenses incurred.
2.10 - Refunds
License Fees are non-refundable starting the 60th day after registration (the “cooling off period”); however, if upon registration you were not a legal resident or citizen of Singapore, the rules and cooling off period applicable to a refund to you will be determined by the laws of your state of residence, in which case, the shorter of the cooling off periods (Singapore / your country of residence) will apply. All refunds are subject to a 10% administrative fee. Payment back to you will be in the same payment method made by you (value of coins used will be based on the time stamp when received).
If you enrolled as an Advocate, your refund will be further reduced by the commissions, if any, paid to you from your downline, and the commissions, if any, paid on your license to your sponsor. Further, if you activated your license by trading or converting cycles, you can either sell the license during the refund period or turn over your private key to the company before any refunds can be issued to you.
Please apply for a refund no later than the last day of the applicable cooling off time in your country of residence by sending an email to [email protected] with a copy to [email protected]. The request must be in English and specify your license and member ID, your country of residence, the reason for your request of a refund and a reference to the law in your jurisdiction specifying the cooling off period. Requests without the applicable citation of the relevant cooling off period will not be denied but returned to you for completion.
A review of your request will take about 14 days to complete unless we have reasons to suspect that it is a fraudulent request. You will be provided a proper opportunity to state your case.
2.11 - Termination
Licensees or Advocates may terminate their accounts by sending a written advice to the Company 60 days in advance of the effective date of termination. During this period, the Company shall allow them to deplete the outstanding pay outs, cycles, gift codes in their account.
After the expiration of the 60 day period and starting the effective date of a termination (voluntary or involuntary) (all of these methods are collectively referred to as “termination”) and, the former Advocate shall have no right, title, claim or interest to the marketing organization that he or she operated, or any commission or bonus from the sales generated by the organization. An Advocate whose business is terminated will lose all rights as an Advocate. This includes the right to sell NetLeaders Products and Services and the right to receive future commissions, bonuses or other income resulting from the sales and other activities of the former Downline sales organization. In the event of termination, Advocates agree to waive all rights they may have, including but not limited to property rights, to their former Downline organization and to any bonuses, commissions or other remuneration derived from the sales and other activities of his or her former Downline organization.
Following termination, the former Advocate shall not hold himself or herself out as a NetLeaders Independent Advocate. Any individual terminated shall receive commissions and bonuses only for the last full pay period he or she was active prior to cancellation/termination (less any amounts withheld during an investigation preceding an involuntary termination).
Finally, the Company shall not refund any amount outstanding in the account after the effective date of termination and will not reinstate the account after termination.
2.12 - Errors or Questions
If you have questions about or believe any errors have been made regarding commissions, bonuses, Downline Activity Reports, or charges, you must notify the NetLeaders Support Department at [email protected] , in writing, within 15 days of the date of the purported error or incident in question. NetLeaders will not be responsible for any errors, omissions or problems not reported to the Company within 15 days.
3.0 - Code of Conduct
Licensees and Advocates are expected to act ethically in conducting their business with the Company and in interactions with their prospects and customers, to generate an environment of trust.
3.1 - Guidelines on Ethics
- You must operate honestly and ethically to generate an environment of trust
- You must comply with the NetLeaders Agreement and Rules and Regulations
- You must identify yourself and your purpose clearly to all prospects
- You may not make false or misleading claims
- You may not represent the license as an investment
- You will not make claims about potential earnings
- You will not present the opportunity as a ‘get rich quick’ scheme
- You must explain the Learning Program to prospects
- You must point out that there are ‘risks’ involved
- Customers should only purchase what they can afford, do not pressurise prospects to purchase more
- Do not encourage prospects to incur debt to purchase a license
3.2 - Non Disparagement
- Other crypto currencies
- Competitive services or commercial activities
- Other companies (competitors)
- Other people
- Other leaders
- NetLeaders and its associated companies
- NetLeaders management, officers or consultants
3.3 - Reinforce Positive Ideals
Do emphasize positive aspects of our activities, prevailing technology and the industry
3.4 - Income claims
While Advocates may believe it is beneficial to provide copies of checks, or to disclose their earnings or others, such approaches have legal consequences that can negatively impact NetLeaders as well as the individual making the claim unless appropriate disclosures required by law are also made contemporaneously with the income claim or earnings representation. Because Advocates do not have the data necessary to comply with the legal requirements for making income claims, an Advocate may NOT make income projections, income claims or disclose his or her NetLeaders income (including, but not limited to, the showing of checks, copies of checks, bank statements or tax records).
3.5 - Product claims
When promoting NetLeaders Products and Services, Advocates shall not make any verbal or written statement regarding the use or potential use of NetLeaders Products and Services other than those claims contained in official NetLeaders materials. Advocates agree to indemnify NetLeaders and NetLeaders’s directors, officers, employees and agents and hold them harmless from any and all liability, including judgments, civil penalties, refunds, attorney fees, court costs or lost business incurred by NetLeaders as a result of any such statements made by the Advocate.
Advocates may not display NetLeaders Products and Services with any other Products or services in a fashion that might in any way confuse or mislead a prospective Customer or Advocate into believing there is a relationship between the NetLeaders and non-NetLeaders Products or services
3.6 - Bonus buying prohibited
- The enrollment of individuals without their knowledge and agreement and/or without execution of an Application;
- The fraudulent enrollment of an individual as an Advocate;
- The enrollment or attempted enrollment of non-existing / made up individuals;
- The use of a credit card by or on behalf of an Advocate or Customer when such individual is not the account holder of such credit card; and
- Purchasing NetLeaders Products or Services on behalf of another, or under another ID number, to qualify for commissions or bonuses.
3.7 - Conflicts of interest
NetLeaders Advocates shall not sell any Products or recruit for any business during NetLeaders events. This restriction most specifically applies to sales and recruitment efforts for any other direct sales or marketing program, regardless of the Product category, including those that do not compete with NetLeaders’s Product line.
3.8 - Cross Sponsoring
Actual or attempted cross-sponsoring is strictly prohibited. “Cross-sponsoring” is defined as the enrollment of an individual or entity that is already a current Customer or Advocate of NetLeaders. The use of a spouse or relative’s name, a straw man, trade names, assumed names or fictitious ID numbers to circumvent this policy is prohibited. Advocates shall not demean, discredit or defame other Advocates in an attempt to entice an Advocate to become part of his or her marketing organization. If a prohibited organization transfer occurs, NetLeaders shall take disciplinary action against the Advocates who engaged, acquiesced and/or knowingly participated in the improper cross-sponsoring. However, it shall be entirely within NetLeaders’ discretion where in the genealogical structure, the cross-sponsored organization in question shall be placed or otherwise distributed.
Because equities often exist in favor of both Upline organizations, Advocates WAIVE ANY AND ALL CLAIMS AND CAUSES OF ACTION AGAINST THE COMPANY FOR ITS DECISION REGARDING THE FINAL DISPOSITION OR PLACEMENT OF THE CROSSSPONSORED ORGANIZATION.
3.9 - Downline Activity (Genealogy) Report
- Directly or indirectly disclose any information contained in any Downline Activity Report to any third party;
- Directly or indirectly disclose the password or other access code to his or her Downline Activity Report;
- Use the information to compete with NetLeaders or for any purpose other than promoting his or her NetLeaders business;
- Recruit or solicit anyone listed on any report or in any manner attempt to influence or induce anyone listed on any report to alter their business relationship with NetLeaders;
- Use or disclose to any person, partnership, association, corporation or other entity any information contained in any Downline Activity Report.
Upon demand by the Company, any current or former Advocates will return the original and all copies of Downline Activity Reports to the Company.
3.10 - No Discrimination and no Harassment
In the course of your business do not discriminate in the form of race, gender, religion, or disabilities. No physical or verbal abuse will be tolerated and may result in disciplinary action including termination as decided by the AC.
3.11 - Anti-Corruption
You must comply with the anti-corruption act in the jurisdiction where you operate in addition one must comply with the Foreign Corrupt Practices Act (FCPA) or similar laws which require that one does not make a payment or gift to influence foreign officials. If in doubt please consult your own legal counsel for advice on the above matters.
3.12 - Maintaining Group’s Reputation
One should always uphold the reputation of the Company and not act in any way that can be considered detrimental to its reputation and that of other Licensees and Advocates. The AC has the right to determine what actions are detrimental and are subject to disciplinary action.
3.13 - Personal Records
The Company reserves the right to review Licensee and Advocate transactions and personal records in the course of investigating any complaint or infringement of the rules and regulations.
3.14 - Act on Company’s Behalf
- Register or reserve Company names, trademarks, trade names or products;
- Register URLs using the Company name, trademarks or trade names;
- Register or secure approval for Company names or products;
- Establish business or government contacts on the Company’s behalf;
- Claim to be an employee of the Company;
- The above shall apply to all trademarks owned by the affiliates of the Company
The Company shall publish a policy directive as to how to use its trademarks and the trademarks of its affiliated group. See also Section 4 below.
3.15 - Independent Contractor
Advocates are independent contractors and are not purchasers of a franchise or a business opportunity. The agreement between NetLeaders and its Advocates does not create an employer/employee relationship, agency, partnership or joint venture. Advocates shall not be treated as an employee for his or her services or for any tax purposes. All Advocates are responsible for paying their own taxes due from all compensation earned. Advocates have no authority (expressed or implied) to bind the Company to any obligation. Each Advocate shall establish his or her own goals, hours, and methods of sale, so long as he or she complies with the terms of the Agreement, these Rules and Regulations, and all applicable laws.
3.16 - Laws and Ordinances
Advocates shall comply with all applicable laws and regulations in the conduct of their businesses. Local governments may have laws or ordinances regulating certain home-based businesses. In some cases these ordinances are not applicable to Advocates because of the nature of their business. However, Advocates must obey those laws that do apply to them.
4.0 - Brands, Trademarks and Intellectual Property
The Company and other Das Alliance members have invested substantially in their respective intellectual properties, branding, copyrights and trademarks. These are valuable asset and their use are strictly restricted by the Company and other members of the Das Alliance in order to safeguard their reputation and value. The rules listed hereunder shall apply mutatis mutandis to all members of the alliance and will pertain to all marks used and or registered by the Alliances to include: DasNet, DasCoin, NetLeaders, DasFinancial, WebWallet, Web Validator, and Currency of Trust.
4.1 - Use of Trademarks
You may not use the Company trademarks, copyrights and other intellectual property rights unless allowed for under these Rules and Regulations or with approval in writing from the Company. Use of the NetLeaders name or its trademarks on any item not produced by the Company is prohibited except as follows:
NetLeaders Independent Advocate
Advocates may list themselves as a “NetLeaders Independent Advocate” in the residential telephone directory (“white pages”) under their own name. Advocates may not place telephone directory display ads in the classified directory (“Yellow Pages”) using NetLeaders’s name, trademarks or logo.
Advocates may not answer the telephone by saying “NetLeaders” or in any other manner that would lead the caller to believe that he or she has reached the corporate offices of the Company.
Advertising is not limited to print media; it also includes internet advertising and other forms of advertising. Advocates are prohibited from using an internet or email address that utilizes the trade name NetLeaders or its trademarks, or includes NetLeaders or its trademarks in a portion of the address. It is also prohibited for Advocates to use any website materials on a website that references or relates to NetLeaders that is not authorized in writing by NetLeaders. It is also prohibited for Advocates to place links to unauthorized websites or webpages onto a website or webpage that has been authorized by NetLeaders.
The above shall apply to all trademarks owned by the affiliates of the Company
4.2 - Damages
A party will be liable to the Company for damages if there is any infringement of clause 4.1.
4.3 - Mass Media
Use of mass media to promote the Company’s Products and Services are prohibited unless prior permission is obtained. Licenses and the Opportunity should be promoted only by personal contact or by programs produced and distributed by the Company. You may place generic opportunity advertisements in jurisdictions that allow such advertisements but only in accordance with the Company’s Rules and Regulations.
4.4 - Media Interviews
You may not promote the Licenses through interviews with the media, articles in publications, news, reports, trade or any other information source unless authorized by the Company. You may not speak to the media on the Company’s behalf or represent that you are authorized to speak on its behalf.
4.5 - Conventions
You must request permission from the Company before participating in any convention and all materials to be used must be standard programs developed by the Company. Displays and booth design using Company’s trademarks and brand must be approved by the Company. Please ensure that adequate notice, of at least 30 days, is provided to the Company for review, before committing to participate in any convention.
4.6 - Internet
- You may use internet including social networking sites, blogs, social media, forums, message boards, podcasts, and sites that have user generated content (e.g. Facebook, Twitter, Flickr etc.)
- Use of generic websites with links to Company’s website is allowed. These generic pages should not contain company trademarks, copyright material or information about the company and its Licenses. False or misleading information are strictly not allowed on such pages.
- Use of the Advocate website template produced by the Company is allowed
4.7 - Guidelines on Internet Content
- Communicate your involvement with the Company
- Direct internet users to the Company’s website
- Provide links to the Company’s website
- You may attach programs that are produced by Company for public use
- Do not use Company trademarks, brands, or copyright material without permission
- Do not represent any reference to an investment or the product being an investment
- Do not provide any income projection
- Do not use misleading information
4.8 - Sales tools and marketing materials
When promoting the Products and the tremendous opportunity NetLeaders offers, Advocates must use only the sales tools and support materials produced by NetLeaders. The Company has carefully designed its Products, Product labels, Compensation Plan and promotional materials to ensure that they are promoted in a fair, truthful manner; that they are substantiated and the material complies with the legal requirements of federal and state laws. Accordingly, Advocates must not produce their own literature, advertisements, sales tools, promotional materials, Internet Web pages, blogs, and/or social media pages.
4.9 - Indemnity
You agree to indemnify the Company from any third party claim arising from any misleading claims or information provided by you, or through any violation of the Company’s Policies or Rules and Regulations.
5.0 - Dispute resolution
NetLeaders aim to be the leading services provider for the Internet of Value, built upon a platform of security and trust. As such, compliance to the Rules and Regulations as provided herewith are critical to the success of NetLeaders vision.
5.1 - Reporting Policy Violations
Advocates observing a policy violation by another individual should submit a written report of the violation directly to the attention of the NetLeaders Compliance Department email address: [email protected] . Details of the incident(s), such as dates, number of occurrences, persons involved and any supporting documentation, should be included in the report.
5.2 - Disciplinary Sanctions
- Issuance of a written warning or admonition;
- Requiring the Advocate to take immediate corrective measures;
- Imposition of a fine, which may be withheld from bonus and commission checks;
- Loss of rights to one or more bonus and commission checks;
- The withholding of all or part of bonuses and commissions during the period that NetLeaders is investigating any conduct allegedly in violation of the Agreement. If an Advocate’s business is canceled for disciplinary reasons, they will not be entitled to recover any commissions withheld during the investigation period;
- Suspension for one or more pay periods;
- Involuntary termination of the offender’s Agreement;
- Any other measure expressly allowed within any provision of the Agreement or that NetLeaders deems practicable to implement and appropriate to equitably resolve injuries caused partially or exclusively by the policy violation or contractual breach; or
- In situations deemed appropriate by NetLeaders, the Company may institute legal proceedings.
5.3 - Grievances and Complaints
When an Advocate has a grievance or complaint with another Advocate regarding any practice or conduct in relationship to their respective NetLeaders businesses, the complaining party should first report the problem to his or her sponsor, who should review the matter and try to resolve it with the other party’s Upline sponsor. If the matter cannot be resolved, it must be reported in writing to the NetLeaders Compliance Department, the department will review the facts and determine if a policy violation has occurred and take appropriate action.
5.3 - Arbitration
- The seat of the arbitration shall be Singapore.
- he Tribunal shall consist of a single arbitrator.
- The language of the arbitration shall be English.
Nothing in these Policies and Procedures shall prevent NetLeaders from applying to and obtaining from any court having jurisdiction a writ of attachment, a temporary injunction, preliminary injunction, permanent injunction or other relief available to safeguard and protect NetLeaders’ interest prior to, during or following the filing of any arbitration or other proceeding or pending the rendition of a decision or award in connection with any arbitration or other proceeding. The decision arrived at by arbitration shall be taken to be final and binding by the Parties involved.
6.0 - Delays
NetLeaders shall not be responsible for delays or failures in performance of its obligations when performance is made commercially impracticable due to circumstances beyond its reasonable control. This includes, without limitation, strikes, labor difficulties, riot, war, fire, death, curtailment of a party’s source of supply, government decrees or orders, and acts of God.
7.0 - Reports
ALL INFORMATION PROVIDED BY NETLEADERS IN ONLINE OR TELEPHONIC DOWNLINE ACTIVITY REPORTS, INCLUDING BUT NOT LIMITED TO PERSONAL AND GROUP SALES VOLUME (OR ANY PART THEREOF), AND DOWNLINE SPONSORING ACTIVITY IS BELIEVED TO BE ACCURATE AND RELIABLE. NEVERTHELESS, DUE TO VARIOUS FACTORS, INCLUDING THE INHERENT POSSIBILITY OF HUMAN AND MECHANICAL ERROR; THE ACCURACY, COMPLETENESS AND TIMELINESS OF ORDERS; DENIAL OF CREDIT CARD AND ELECTRONIC CHECK PAYMENTS; RETURNED PRODUCTS; AND CREDIT CARD AND ELECTRONIC CHECK CHARGE-BACKS, THE INFORMATION IS NOT GUARANTEED BY NETLEADERS OR ANY PERSONS CREATING OR TRANSMITTING THE INFORMATION. ALL PERSONAL AND GROUP SALES VOLUME INFORMATION IS PROVIDED “AS IS” WITHOUT WARRANTIES, EXPRESSED OR IMPLIED, OR REPRESENTATIONS OF ANY KIND WHATSOEVER. IN PARTICULAR, BUT WITHOUT LIMITATION, THERE SHALL BE NO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR USE OR NON-INFRINGEMENT.
TO THE FULLEST EXTENT PERMISSIBLE UNDER APPLICABLE LAW, NETLEADERS AND/OR OTHER PERSONS CREATING OR TRANSMITTING THE INFORMATION WILL IN NO EVENT BE LIABLE TO ANY ADVOCATES OR ANYONE ELSE FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES THAT ARISE OUT OF THE USE OF OR ACCESS TO PERSONAL AND GROUP SALES VOLUME INFORMATION (INCLUDING BUT NOT LIMITED TO LOST PROFITS, BONUSES, OR COMMISSIONS, LOSS OF OPPORTUNITY AND DAMAGES THAT MAY RESULT FROM INACCURACY, INCOMPLETENESS, INCONVENIENCE, DELAY OR LOSS OF THE USE OF THE INFORMATION), EVEN IF NETLEADERS OR OTHER PERSONS CREATING OR TRANSMITTING THE INFORMATION SHALL HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. TO THE FULLEST EXTENT PERMITTED BY LAW, NETLEADERS OR OTHER PERSONS CREATING OR TRANSMITTING THE INFORMATION SHALL HAVE NO RESPONSIBILITY OR LIABILITY TO YOU OR ANYONE ELSE UNDER ANY TORT, CONTRACT, NEGLIGENCE, STRICT LIABILITY, PRODUCTS LIABILITY OR OTHER THEORY WITH RESPECT TO ANY SUBJECT MATTER OF THIS AGREEMENT OR TERMS AND CONDITIONS RELATED THERETO.
ACCESS TO AND USE OF NETLEADERS’ ONLINE REPORTING SERVICES AND YOUR RELIANCE UPON SUCH INFORMATION IS AT YOUR OWN RISK. ALL SUCH INFORMATION IS PROVIDED TO YOU “AS IS.” IF YOU ARE DISSATISFIED WITH THE ACCURACY OR QUALITY OF THE INFORMATION, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USE OF AND ACCESS TO NETLEADERS’ ONLINE REPORTING SERVICES AND YOUR RELIANCE UPON THE INFORMATION.
8.0 - Complete Agreement
These Policies and Procedures, any and all modifications made by the Company, along with the Application, Terms and Conditions and the Compensation Plan make up the entire agreement.
9.0 - Transfer Limits
- Software LicensePriceDaily Transfer LimitPercentage
- Softvare LicenseStandardPrice€ 100Daily Trading Limit€ 5Percentage5%
- Softvare LicenseManagerPrice€ 500Daily Trading Limit€ 10Percentage2%
- Softvare LicenseProPrice€ 2000Daily Trading Limit€ 25Percentage1.25%
- Softvare LicenseExecutivePrice€ 5 000Daily Trading Limit€ 50Percentage1%
- Softvare LicenseVice-PresidentPrice€ 12 500Daily Trading Limit€ 100Percentage0.80%
- Softvare LicensePresidentPrice€ 25 000Daily Trading Limit€ 187.50Percentage0.75%