Post by Deleted on Feb 2, 2015 2:34:19 GMT -5
The purpose this Document is to establish the membership of __________________ into the East Cruinthe Trade Company and to name the responsibilities of the East Cruinthe Trade Company to the named party, and the named party’s responsibility to the East Cruinthe Trade Company. The goal of this document is to provide guarantees and expectations to both the named party and the East Cruinthe Trade Company.
TERM:
The named party’s membership within the East Cruinthe Trade Company shall last for one month from receipt of membership dues and continue as long as the named party keeps current on membership dues. If the named party keeps current on their dues for a period of one year, or pays a full year of membership at once, they shall receive status of investor member. At the end of each year, those with status of investor member shall receive a proportional percentage of net profit made by the ECTC. Net profit shall be calculated from income due to membership dues paid to the ECTC in conjunction with fees collected for services such as delivery, and costs related to upkeep of staff, upkeep properties used for ECTC purposes, and acquisition of new properties.
ON INITIAL INVESTMENT:
The named party shall provide a monthly fee of 10 ritz to the ECTC. They may also pay a lump sum of one-hundred and twenty ritz to immediately receive the status of investor member. At any time, members may terminate their membership with the ECTC, in doing so they forfeit any fees already paid to the ECTC. At any point a member may invest in the ECTC, invested coin will be returned to the member upon request plus or minus any gains or loss from time of investment to time of withdrawal. Gains/loss will be calculated based on the ECTCs coffers plus the value of property owned by the ECTC at the time of withdrawal.
ON MEMBERSHIP BENEFITS
Beyond the promise of dividends outlined in the previous clause the ECTC shall distribute the list of products of the named individual to each of its properties which it maintains. These properties shall advertise and sale products on behalf of the named individual. Upon order, the regional property shall be notified and come to submit payment for and collect purchased products. The ECTC will be responsible for delivery of any products ordered at one of our properties.
The benefits stated here are not exhaustive, there are other benefits not listed as they are not guaranteed, but simply offered to our members where available. An example of such a benefit is the free use of ECTC workshops by its members.
ON MEMBERSHIP TERMINATION:
The ECTC may elect to terminate the membership of an individual or company under certain circumstances as named:
1. If a member fails to provide goods after receiving proper monetary compensation.
2. If a member fails to provide proper monetary compensation for requested services that are properly rendered.
3. If a member is convicted of a crime with punishment of death or imprisonment for longer than three months.
If membership is terminated under any of these premises, any fees paid shall be forfeited. Additionally under conditions [1] and [2] a portion of any investments equal to the value of goods or coin not rendered shall be deducted +an additional 20% penalty on remaining balance. The remainder shall be returned to the investor.
ON APPLICATION OF ECTC CAPITAL:
The membership fees shall be firstly invested in the purchase of property in extant trading zones around Cruinthe. Said shops shall maintain healthy relationships with local businesses, and attempt to aquire trade contracts with said local businesses and other shops within the trading zones. The membership fees shall go directly into the creation, operation, and expansion of these shops. Should said shops require additional monthly funds, they may be requisitioned from any investments.
Any other incidental costs acquired in the course of ECTC business operations shall come first from the pool of membership fees, and then from the pool of investments.
Membership fees and investment funds shall NOT be used to buy personal items or property for ECTC management or employees, unless it directly contributes to the expansion of the ECTC
ON TRADE CONTRACTS:
The named individual is free to in trade contracts beyond this one, they are not beholden to the ECTC beyond as defined in this document.
ASSURANCE OF GOOD FAITH:
The named individual agrees not to take part in any theft, robbery, or any withdrawal to the damage of the ECTC’s members, acting without fraud or evil device.
The ECTC agrees to do same, and to further its efforts in ensuring profit and expansion for the named individual and its other Members, first and foremost.
FINAL STATEMENTS:
With this agreement, the ECTC agrees to engage in exchange and to earn profits, acting in good faith, without fraud, for the business and advantage of themselves and the named individual.
___________ Signature, ECTC Representative.
___________ Signature, Named Individual.
TERM:
The named party’s membership within the East Cruinthe Trade Company shall last for one month from receipt of membership dues and continue as long as the named party keeps current on membership dues. If the named party keeps current on their dues for a period of one year, or pays a full year of membership at once, they shall receive status of investor member. At the end of each year, those with status of investor member shall receive a proportional percentage of net profit made by the ECTC. Net profit shall be calculated from income due to membership dues paid to the ECTC in conjunction with fees collected for services such as delivery, and costs related to upkeep of staff, upkeep properties used for ECTC purposes, and acquisition of new properties.
ON INITIAL INVESTMENT:
The named party shall provide a monthly fee of 10 ritz to the ECTC. They may also pay a lump sum of one-hundred and twenty ritz to immediately receive the status of investor member. At any time, members may terminate their membership with the ECTC, in doing so they forfeit any fees already paid to the ECTC. At any point a member may invest in the ECTC, invested coin will be returned to the member upon request plus or minus any gains or loss from time of investment to time of withdrawal. Gains/loss will be calculated based on the ECTCs coffers plus the value of property owned by the ECTC at the time of withdrawal.
ON MEMBERSHIP BENEFITS
Beyond the promise of dividends outlined in the previous clause the ECTC shall distribute the list of products of the named individual to each of its properties which it maintains. These properties shall advertise and sale products on behalf of the named individual. Upon order, the regional property shall be notified and come to submit payment for and collect purchased products. The ECTC will be responsible for delivery of any products ordered at one of our properties.
The benefits stated here are not exhaustive, there are other benefits not listed as they are not guaranteed, but simply offered to our members where available. An example of such a benefit is the free use of ECTC workshops by its members.
ON MEMBERSHIP TERMINATION:
The ECTC may elect to terminate the membership of an individual or company under certain circumstances as named:
1. If a member fails to provide goods after receiving proper monetary compensation.
2. If a member fails to provide proper monetary compensation for requested services that are properly rendered.
3. If a member is convicted of a crime with punishment of death or imprisonment for longer than three months.
If membership is terminated under any of these premises, any fees paid shall be forfeited. Additionally under conditions [1] and [2] a portion of any investments equal to the value of goods or coin not rendered shall be deducted +an additional 20% penalty on remaining balance. The remainder shall be returned to the investor.
ON APPLICATION OF ECTC CAPITAL:
The membership fees shall be firstly invested in the purchase of property in extant trading zones around Cruinthe. Said shops shall maintain healthy relationships with local businesses, and attempt to aquire trade contracts with said local businesses and other shops within the trading zones. The membership fees shall go directly into the creation, operation, and expansion of these shops. Should said shops require additional monthly funds, they may be requisitioned from any investments.
Any other incidental costs acquired in the course of ECTC business operations shall come first from the pool of membership fees, and then from the pool of investments.
Membership fees and investment funds shall NOT be used to buy personal items or property for ECTC management or employees, unless it directly contributes to the expansion of the ECTC
ON TRADE CONTRACTS:
The named individual is free to in trade contracts beyond this one, they are not beholden to the ECTC beyond as defined in this document.
ASSURANCE OF GOOD FAITH:
The named individual agrees not to take part in any theft, robbery, or any withdrawal to the damage of the ECTC’s members, acting without fraud or evil device.
The ECTC agrees to do same, and to further its efforts in ensuring profit and expansion for the named individual and its other Members, first and foremost.
FINAL STATEMENTS:
With this agreement, the ECTC agrees to engage in exchange and to earn profits, acting in good faith, without fraud, for the business and advantage of themselves and the named individual.
___________ Signature, ECTC Representative.
___________ Signature, Named Individual.