The following was formulated for the purpose of ensuring growth and practical business operations, for you to use on a regular basis. Please refer to them when you have questions about FONDS or need to clarify any concerns about your business practices.
FONDS reserves the right to revise this information at any time.
FONDS uses the term member, Help Partner, as one and the same as a Member.
When you register as a member with FONDS you agree to follow and be bound by the FONDS Code of Ethics and Policies and Procedures, which are amended from time to time.
Violations of the Company Code of Ethics, Participant Agreement, or the written Policies and Procedures may be cause for cancellation of participation. Please read through these Policies and Procedures carefully to fully benefit and understand your rights and responsibilities as a member of FONDS.
As you join our membership NGO you accepts to pay a onetime non-refundable $12.5 USD. This includes your donation to the help and empowerment that we offer to the less privileged, and your involvement in the business opportunity run on the platform of MLM.
All members accept that the joining fee is a non-refundable fee and that and that at the completion of the online application and payment of $12.5 USD that no refund will apply.
A member, help Partner is considered to be a duly authorized and fully paid members, herein after called member, if FONDS accepts the completed Application and Agreement.
Company reserves the right to accept or reject any member's Application and Registration form without having to assign any reason for its acceptance or rejection.
All members are independent promoters and are neither agents nor employees of FONDS.
The Promoter is responsible for bearing all costs and expenses incurred in the conduct of their participation.
A Promoter must be 18 years of age.
A Promoter must have only one introducer (sponsor).
Husbands and wives, married or de facto, may sponsor each other or have different sponsors. This also applies to any interlocking directorships or shareholdings that may exist from a business relationship.
However it should be noted, that all members must meet their own personal qualification levels to qualify for the rewards from the Compensation Plan.
A member cannot resign and rejoin under a different sponsor name.
A Member shall be responsible for the activities of a spouse, whether or not the spouse participated in the membership. For example, if a member may not engage in an activity (such as conduct which diminishes, damages or weakens the reputation of FONDS or its services) and the spouse engages in that activity, the member shall be deemed to have engaged in that activity and shall be considered to be in violation of the applicable rule.
Violation of this rule is likely to result in termination of the Distributorship and all FONDS Benefits.
It is the responsibility of each member to update any registration details of their account such as email address, postal address, and mobile phone number. This will ensure the member is kept up to date with all updates from the company. These updates are also posted in the News/Events section of the FONDS website and dashboard of each member’s website. FONDS will bear no responsibility for any loss (moral, physical or financial or legal or any other kind of loss) caused by entering wrong information into registration form / misrepresentation by any member or any order person.
Each member must keep their password and other secure access information confidential and notify FONDS promptly if the member believes that the security of an account has been compromised. FONDS has taken reasonable steps to protect the security of online transactions. However, FONDS cannot and does not warrant such security and will not be liable for any losses or damages resulting from any security breaches.
Members have the option of building a personal marketing team by introducing the Compensation Plan to interested people who are willing to undergo business training. It is the responsibility of such members to assist in the training, and monitor the activity of members of its personal marketing team. Any person electing to enter into the marketing business plan has the right to choose his or her Sponsor. Any disputes regarding Sponsoring genealogy shall be decided by the organization.
A sponsoring member must not exaggerate the earning potential that may result from this business opportunity.
A sponsoring member is obliged to fairly and fully explain the marketing plan to all prospective member s, making sure to stress that the degree of success is directly related to individual effort and ability.
Cross lining or cross sponsoring is where a member solicits other FONDS members who are not in their team or line of sponsorship to become a Feeder in their sales team. FONDS members may NOT introduce other FONDS members to other similar opportunities unless the person is a personally introduced member or a closely related person. A "closely related person or entity" is any person in the household of the member (e.g. spouse, son, daughter, parent living in the same household) or any corporation, partnership, limited liability Company, trust or other legal entity, which is controlled by the member.
Cross lining is strictly prohibited in FONDS and may result in the imposition of penalties including immediate termination of the members account and participation in the FONDS Business plan.
Members representing FONDS are known as member or independent promoters or help partners, and have no authority to bind the company to any obligations. The relationship between member and FONDS is established only by this Agreement. A member is not an agent, employee or any other legal representative of FONDS or its service providers.
Members are solely responsible for all self-employment taxes and any federal, state, local or other taxes that may be due as a result of their FONDS business activities. Members agree to abide by any national, federal, state, provincial, county or local laws, rules and regulations pertaining to this Agreement. At member’s own expense, members will make, execute and file all such reports and obtain such licenses as are required by law or public authority with respect to this Agreement.
Members will not use the FONDS trade names and/or trademarks except to promote FONDS. In all such authorized use, Members will ensure that they represent themselves as an independent representative and that all marketing efforts are the responsibility of the member and not the company.
Any sales and marketing materials supplied by FONDS may NOT be on sold to other parties at a profit and that any purchase of these materials from FONDS does not qualify members for any reward payments.
Members makes no warranty, express or implied, with respect to the use, efficacy or suitability for any purpose with respect to any such marketing material unless otherwise explicitly stated in writing in connection with the purchase thereof.
Members may create their own marketing materials. Any marketing materials that use the name FONDS or any of FONDS logos, trademarks or trade names MUST be approved by compliance department of FONDS before they can be used.
A Compliance Approval Form is available on request via email from your dashboard member area.
FONDS has no liability or responsibility for any content, including the quality, accuracy, completeness, legality, or usefulness of any information, product, service or process promoted on members web site or other marketing materials.
In no event shall FONDS be liable for any claims or damages of any kind arising from the contents of any website or marketing materials created by a Member. References in a members website or marketing materials to products, services, processes, hypertext links to third parties or other information by trade name, trademark, manufacturer, supplier or otherwise do not constitute or imply an endorsement or recommendation FONDS.
Members are not permitted to take advantage of Company's name and are therefore not permitted to either infer or imply that they have a direct association or affiliation with Company by promoting themselves by way of FONDS name variables.
FONDS produces approved literature for use by Members. All promotional material appearing in the Members Virtual Office is approved for downloading to print and copying onto disc for promotional use to prospective members however it may not be altered or added to in any way.
All submissions for compliance approval can be made by completing the form in the members secure dashboard area.
On occasion, FONDS will undergo routine maintenance or experience unexpected technical problems FONDS will make a good-faith effort to do maintenance as quickly and conveniently as possible, and to respond to technical problems promptly. FONDS may be required to access a member’s website from time to time to provide maintenance. FONDS will not in any circumstance be responsible for problems, losses, or damages arising from loss of connectivity; errors in content due to application problems; loss of access by Members; or temporary or permanent loss of data.
When a Member presents FONDS to others they should understand all aspects of the rewards program and not make any representation or promise that is not contained in this agreement or in FONDS corporate literature and promotional materials. This representation includes print media, video/audio media or any other form of advertisement/ promotion.
If a prospective member relies on any promises made by a FONDS member that is not stated in this Agreement and/or official company materials, and the member fails to keep any such promise, the prospective members shall only have recourse against the member and not FONDS.
If the member has unfulfilled promises made they have the option of lodging a complaint with FONDS. Upon receipt of such a complaint, the organization will investigate the matter as it deems necessary and, upon validation of such a complaint, impose appropriate penalties on the offending member.
Such action however will not result in any recovery of damages by the prospective member, which the prospective member is free to seek against the offending member, not the Organization.
Members who choose to promote FONDS are able to earn money and rewards through FONDS Compensation Plan. The member understands and agrees to abide by the Members Agreement. A Member understands they are bound by the terms hereof and that the member will be entitled to participate upon acceptance of a valid application for participation.
To earn through the Compensation plan a Help partner needs to personally refer or introduce or sign-up at least two persons. Either directly through one-on-one or through a referral link. Members are responsible for their own marketing and accept that any rewards earned are the result of consistent marketing efforts. FONDS makes NO guarantees that a member will qualify or earn the rewards.
Members are responsible for ensuring any new members of their personal marketing team are aware of the policies and procedures, how the Compensation plan works, and how to take advantage of the empowerment, earnings, incentives and privileges.
Members understand that any rewards or earnings that are offered from FONDS through the Business Plan is the result of members referring or signing up other willing members. Stage Advancement in the Matrix is not based solely on the introduction of other Distributors but in their ability to be actively involved in the promotion of the empowerment opportunity.
No member may make any promise or guarantee that a member will derive any specific income or profit from the income opportunity as a member of FONDS. Any rewards or income a member earns or receives through the business plan is a direct result of the marketing efforts of the members and other members in their sales team. Members must meet the required qualifications as set out by FONDS to receive rewards or get paid from the Compensation plan.
Members will not misrepresent FONDS in any manner whatsoever at any time.
For purposes of this policy, misrepresentation includes, but is not necessarily limited to the following:
Members agree that FONDS may from time to time make changes to its benefits and opportunities, services, sign-up fees, marketing plan and incentives. Members will be made aware of changes via Email or SMS to the email address or mobile phone listed in their account details as well as posting updates in the UPDATE section of the FONDS website or members Dashboard. It is the responsibility of each member to ensure the email address listed in their account is valid and that they check regularly their Dashboard for the latest updates. Members agree to abide by all changes.
FONDS NG will deduct Withdrawal fee from each bank account withdrawal made by members. This fee shall be equal to 10% (for Bank wire) of the amount to be withdrawn and 10%(for Solid Trust Pay or Perfect money).
Members understand that the FONDS marketing plan, details of their progress in the rewards program, details of their FONDS sales team, and official company literature are proprietary information and considered trade secrets of FONDS.
Members hereby agree to not directly or indirectly disclose or use any of said confidential or proprietary information except to specifically promote FONDS opportunity in accordance with the provisions of this Agreement. Members further agrees that this provision shall survive the expiration or termination of this Agreement for a period of one year.
A member may sell, or WILL on to its "surviving heirs" its interests in its business asset / any continuing income / and the inherent future potential of its earnings. In such an event, the remaining period of income and incentives shall also be transferred to the purchaser or heir. For FONDS to acknowledge the sale the selling Members must supply proof of the sale in the form of a signed letter by both parties detailing that the sale has been made as well as providing details of the purchaser including all the fields listed in their profile. The documents can be emailed to email@example.com FONDS will advise the seller and the purchaser by email if the sale has been approved.
Members who sell their FONDS Account must wait six months after the sale has been executed and authorized by the Company before they can rejoin as a member.
Should a member wish to cancel their Agreement with FONDS, such member should notify FONDS from the support desk of their Dashboard. If the membership is cancelled, that member may not apply for new membership for at least 6 months after FONDS has received the notice of cancellation. FONDS reserves the right to cancel a members Agreement should there be any breach by the member.
FONDS membership account, like any other account, business or asset a member may have, is fully transferable in accordance with the terms of a Will, or, in the absence of a Will, it passes to the heirs pursuant to the applicable interstate succession laws. For those members whose FONDS account is/are owned by a corporation (or some other type of legal entity), there would be no change in the ownership of the Account upon the death of an owner of that corporation, etc. Ownership of the corporation would change by passing to the heirs, but the corporation would continue to own the FONDS Account.
Members indemnifies and holds FONDS harmless against all claims made by any third party, and any related damages and expenses (including reasonable attorney's fees), arising out of or connected with the members conduct, the member 's website or online store, the services the members offers, or any violation of this agreement by Feeder.
FONDS makes no warranties, express or implied, related to the "FONDS marketing Plan", services rendered there under or, including but not limited to warranties of Empowerment and privilege of purpose. FONDS will not be liable to any member for indirect, incidental, special or consequential damages, such as (but not limited to) loss of profits or business interruption, arising out of or connected to the use of, or inability to use, the " FONDS compensation plan", related services, or marketing materials provided to any member. The total liability of FONDS for any and all damages arising from or connected with this Agreement, the “FONDS Compensation Plan" or the services, or marketing materials provided to any member shall not exceed the total fees paid by the members to FONDS.
If member breaches any of the provisions of this Agreement, violates any applicable law or regulation or engages in any false, misleading or unfair marketing practice, including but not limited to, making misleading income representations or making promises to potential Members that cannot be kept by member, (herein called "Violation") any such Violation is grounds for the imposition of penalty, as more fully set forth hereafter.
The Organization may suspend the Member, including suspension of rewards earned at the time, Blocking of Account pending investigation of any alleged Violation. The Distributor shall be given notice of the alleged Violation by e-mail, fax or other rapid method of communication and shall have seven days thereafter to respond in writing (verbal response will not be considered) to any alleged Violation (s), failing which, the Organization can consider the allegations to be true. (It is member’s responsibility to see that Organization receives the response, with supporting documentation, if any, within the seven-day period.) If at the end of the investigation it is determined that Member is to be penalized, the date of the imposition of the penalty can be, at the Organization's option, the date of the penalty notice, the date of the notice of the alleged violation, the date on which suspension, if any, occurred, or any other current date. Incomes suspended and/or earned, if any, as of the date of a termination, shall not be paid. Any such payments not paid shall be deemed to be liquidated damages as payment of part of the damages suffered by Organization for the Violation. A Member can request that any decision to impose a penalty be reviewed and supply any additional material that may bear on the matter in support thereof within seven days after notice of the penalty is given. The Organization shall then advise the Members of its final decision.
The Organization shall have the option of imposing any one or more of the following penalties for Violations:
The English version of this Agreement, as maintained by FONDS is the official version and shall control over any other language version(s) which may be made available for ease of reference for some Distributors. As used in the FONDS materials, when the term, "refer/introduce" and words of similar import are used to describe the enrolment/ promotional activities of members this is an abbreviated reference to the promotional activities of member with respect to sales and it is understood. Likewise, when the term, "recruit" and words of similar import are used to describe the referral and recruiting activities of members, this is an abbreviated reference to the team building activities of Members and it is understood that the agreement by which one becomes a Member is between the Organization and the recruited Member and not between the new member and the referring member.
If Member has enrolled in FONDS", the User Agreement and Acceptable Use Policy are incorporated herein as if fully set forth.
This Agreement constitutes the entire agreement between the parties on the subject matter hereof, and no other additional promises, representations, guarantees or agreements of any kind shall be valid concerning such subject matter unless in writing and signed by an authorized officer of FONDS.
FONDS is not responsible for the acts of its Members under any circumstances for their wrongful and illegal activities.
A Member acknowledges that he/she has read, understands and agrees to the terms set forth in this Agreement. A member understands that this Agreement is not in force until accepted.
COMPANY HAS A ZERO TOLERANCE ANTI-SPAM POLICY.
THIS MEANS THAT ANY TEAM LEADER OR MEMBER OR RELATED MEMBER THAT SPAM'S IN ANY WAY SHALL BE IMMEDIATELY TERMINATED WITH ALL RIGHTS FORFEITED.
The following Acceptable use (Anti-Spam) policy sets forth what activities on the part of an Organization, Members will not be tolerated under any circumstances. These policies will be enforced to insure FONDS continued reputation remains as a high quality, professional Organization will immediately terminate any Member found engaging in spamming or any illegal activity. Their participation shall be terminated and they will be charged five hundred dollars for each reported spamming activity as a penalty and damage charge. Company will immediately contact state and federal authorities to report such activity as it is a crime in many jurisdictions to Spam.
Any Member, person or entity found spamming will have their relationship to FONDS when Company receives complaints from any part of the Internet community and verifies same. All Members are required to agree and adhere to these stated conditions. A Member cannot violate any applicable local, state, federal or international law. Illegal spamming activity includes posting identical or substantially similar articles to an excessive (more than 3) number of news groups or continued posting of articles which are of topic for a newsgroup; Sending unsolicited mass (to more than 10 users) emailing which provoke complaints from the recipients or where the recipients have not agreed, prior to such mailing to accept such emails. Unsolicited commercial advertisements will be treated as illegal Spam.
FONDS WILL FULLY COOPERATE WITH ALL ANTI-CRIMINAL AUTHORITIES TO PROVIDE INFORMATION AS TO THE PERSON OR PERSONS THAT ENGAGED IN THE SPAMMING ACTIVITY IN ORDER TO OBTAIN WARRANTS AND CRIMINAL CHARGES AGAINST THOSE MEMBERS.
To Report any case of Spamming please contact us at firstname.lastname@example.org