is in the business of supplying a weight loss product to
its Independent Agents (IA’s) and their customers.
Each new IA that joins Sleep 'n Slim will henceforth be
entitled to all program benefits.
I understand, accept, and/or
confirm all of the following conditions of becoming an
IA for Sleep 'n Slim:
IA’s AS INDEPENDENT
CONTRACTORS
1) I am of legal age to conduct
business in the state in which I reside.
2) I will be an Independent
Contractor for Sleep 'n Slim and fully responsible for
determining my own business activities.
3) I am not employed
by Sleep 'n Slim
or Libra Intl., and agree not to represent in any
manner that I am an employee or legal representative.
4) I will be wholly responsible
for the payment of all federal, state, and local taxes
relating to my activities with Sleep 'n Slim or the
Libra Intl..
5) Sleep 'n Slim may modify the
Rules and Regulations and Policies and Procedures for
IA’s, as well as its IA Compensation Program and
customer services and rate schedules. Such modifications
and changes thereto shall, upon written noticed to an
IA, become a binding part of this Agreement.
6) This Agreement is governed
under the laws of the U.K. Any claim,
dispute, or other differences between parties to this
Agreement shall be exclusively resolved through due
legal process in the U.K.
PAYMENT OF COMMISSIONS
1) All compensation received as
an IA will be as commissions paid on the sale of Sleep
'n Slim products. Sleep 'n Slim provides a business
opportunity based exclusively on the sales of its
products to consumers though IA’s and not on the
sponsoring of other agents or the purchase of sales aids
or accessories.
2) All commissions will be
earned upon receipt of payment for the sale of product
in U.K. dollars in the Sleep 'n Slim account.
3) Sleep 'n Slim will pay
commissions of $60 or more on the 15th and 30th day of
each month. Commissions less than $60 will be escrowed
and paid once they reach or exceed this amount.
4) IA’s must make a minimum
$100 in sales each year from the free Sleep 'n Slim
website to maintain active status. If for any reason
the minimum of $100 in sales is not reached within
the course of 12 months, the IA must reapply to
reactivate the free website.
USE OF TRADEMARKS
1) Sleep 'n Slim has the sole right, title, and
interest in and to the trade name Sleep 'n Slim, and any
service marks, trademarks, trade names, logos, or other
symbols of Sleep 'n Slim (collectively referred to as
the "Marks").
2) IA’s shall not acquire any right, title or
interest in the Marks, and any and all goodwill
associated with the Marks and Sleep 'n Slims’
business shall inure exclusively to Sleep 'n Slim
Corporation.
3) IA’s shall not directly or indirectly contest or
aid in contesting the validity or ownership of any of
the Marks.
4) Marks shall not be used by customers/IA’s on
WebPages or any form of advertising without written
approval from Sleep 'n Slim.
NO SPAMMING POLICY
1) Electronic Spamming referencing Sleep 'n Slim, or
any of the associated WebPages is strictly prohibited.
2) All IA’s electronic mail must be in compliance
with proposed Federal legislation (S.1618-Section 301).
3) Sleep 'n Slim reserves the right to discontinue
its IA Program with any agent who violates this policy,
without recourse by the IA.
GENERAL
1) The rules, regulations, policies, and procedures
set forth in this agreement constitute the entire
agreement between the parties hereto, and no other
promises, guarantees, representations, or agreements of
any kind shall be valid unless written and signed by an
officer of Sleep 'n Slim Corporation.
2) This agreement shall be deemed in effect upon its
receipt and acceptance of your submitted reseller
application by Sleep 'n Slim at its Corporate Offices
located in the U.K.