Terms and Conditions
GENERAL DISCLAIMER AND POLICY STATEMENT
1.0 EARNINGS DISCLAIMER
1.1 Joining our platform is not a guarantee that you will earn money. What the platform provides is education and support in Forex Trading, Digital Currency and investment in Agriculture. Your involvement in practicing the above 3 is what earns you money.
1.2 Live classes or illustrations embedded in our curriculum and shared by our seasoned and experienced facilitators do not automatic translate to earnings as it were. The application of the principles taught in relation to peculiarities of the students location and other determinant factors that are self discerning are solely the students’ responsibility. We do not guarantee that every student will make money by virtue of attending classes and having access to our materials alone.
1.3 Please note however that our facilitators have been given the mandate to ensure that at least 80% of every class undertaken has success stories. This underpins our commitment to going the extra mile and pushing students beyond their frontiers. As emphasized in this document, there will be needful detours during training to relevant soft skills needed for academy students to thrive. Our students will go through world class time management, emotional intelligence and other inexhaustive soft skills training that will aid appreciable success.
1.4 Pervasive futuristic forecasts will be featured on our sites. These predictions of market movements are from experts and based on historic evidence. The onus is on user of the forecasts to weigh them and consolidate his/her position at his/her own discretion. The use of these forecasts may go either way, depending on the manner in which it is applied and this is solely dependent on the user's discretion.
1.5 Any and all forward looking statements used on our website or on any of our sales and marketing content are solely to express our own opinion of income potential. A large number of factors will affect your actual financial returns and results. We provide do not guarantee that you will obtain the same results as we do, or as anyone else does. As a matter of fact, there are no guarantees that you will achieve any results whatsoever from the use of our website, methods, suggestions or our other content. Any results or financial performance you may see on our website or within any of our content are not typical. Your own results will vary from other people's.
1.6 Consequent to the foregoing, you must do your own independent research prior to engaging in any kind of business activity, including any activity for which you have expectations of specific results or financial returns.
EVERY MEMBER, POTENTIAL MEMBER, FREE TRIAL MEMBER, INTERESTED CUSTOMER, AFFILIATE OR SUBSCRIBER OF ANY SORT, MUST FULLY READ THIS GENERAL DISCLAIMER AND POLICY STATEMENT, UNDERSTAND, AND AGREE TO THE LEGAL TERMS STIPULATED. FOR THE PURPOSE OF THIS DOCUMENT, A SUBSCRIBER/MEMBER/AFFILIATE MAY HEREINAFTER BE REFERRED TO AS 'I', 'MY', 'ME' AND 'YOU'.
2.0 RISK DISCLOSURE
2.1 We hereby reinstate that the market is volatile and the academy enshrines as part of its core curricular proponents a very low risk appetite with steady growth. Students averse to low risks and who shoot beyond average doable signals are obliged to cushion the risk effects on their own input. The aforementioned also does not state that trade signals from the academy are 100% profit guaranteed. Good judgement is personal and the outcome, either profit or loss, shall also be borne by the subscriber/member/affiliate.
2.2 PLEASE NOTE THAT THERE ARE MAJOR RISKS IN TRADING, INVESTING, AND DAY TRADING ONLINE, WHICH MAKES IT UNSUITABLE FOR EVERYONE.
2.3 By logging onto and using information provided on waawuworld.com or submitting an application for any of our services including but not limited to free trials, subscription-based services, etc. you hereby agree unconditionally to the legal terms and condition stated here.
2.4 The website, waawuworld.com, which is wholly-owned by of Waawu World Global Services Limited, is an independent website providing information for online currency trading, day trading, mushroom farming and green housing etc. for the purpose of distributing and exchanging information in various forms on subjects including, but not limited to, FOREX, Cryptocurrency, and Equities Trading.
2.5 Information provided in any of the services provided by waawuworld.com is solely for educational purposes only. As such, no legal responsibility is assumed by us, and the accuracy or reliability of information, quotes, opinions, or advice that results from any of our services is absolutely not guaranteed. Every subscriber /member/affiliate assumes sole legal responsibility for his or her decisions to follow suggestions made in any of our services to buy or sell Coins, FOREX Lots, Futures, or Equities.
2.6 Waawu World Global Services Limited, waawuworld.com, and any of our subsidiaries, do not guarantee or represent that any subscriber/member/affiliate who follows any suggestions or advice given in any of our services, will make profit.
2.7 Waawu World Global Services Limited, its staff, consultants, and/or outsourcers, may hold positions in multiple Coins, FOREX Lots, Futures, or Equities, mentioned in any of the services we provide. We are not obliged in any way to reveal information about this including but not limited to the time of acquisition of Coin, FOREX, Futures, or Equities, as well as the amount of the position held or the closing time of a position.
2.8 We recommend that every subscriber/member/affiliate seeks information from his or her preferred financial or investment advisor before getting into trading Coins, FOREX, Futures, or Equities. Therefore, waawuworld.com is not providing, any professional services, whether financial or investment or whatsoever called, and every potential subscriber/member/affiliate is recommended to seek fundamental trading education.
2.9 As a subscriber/member/affiliate, I understand and agree that waawuworld.com reserves the right to cancel my subscription at its absolute discretion, and no form of refund will be due to me for whatever reason. I also agree and understand that I reserve the right to cancel my membership in the manner stipulated in the Terms and Conditions. I agree that deciding to terminate my subscription/membership/affiliation before the expiration date of my current subscription/membership/affiliation entitles me to no form of credits or refunds for my unused subscription/membership/affiliation term.
2.10 In addition, waawuworld.com, reserves the right to approve or deny the reactivation of a cancelled membership. Moreover, waawuworld.com is under no legal obligation to disclose its reason for such approval or denial.
2.11 I accept sole responsibility for any and all day trading, online trading, or online trading decisions, and accept that such decisions are made by ME alone. All transactions that occur in MY trading account with MY preferred broker are MY responsibility and I accept all legal responsibility for them.
2.12 Heavy losses can be incurred when buying or selling FOREX, Coins, Futures, or Equities, and YOU should carefully analyze YOUR financial condition to determine if trading FOREX, Stocks, Futures, or Equities Contracts, is financially prudent for you.
2.13 I understand that buying or selling Coins, FOREX, Futures, or Equities, can expose me to severe risks, including the fact that I can suffer a loss of a percentage (if not 100%) of MY capital, cash, and/or assets pledged to trade Stocks, FOREX Lots, Futures Contracts, or Equities, through MY legal preferred broker.
2.14 I understand that waawuworld.com is not responsible, in any way whatsoever, for any trading transactions that occur in MY trading account between ME and MY preferred broker. I agree that there may be periods when the Market turns against ME, or unfavourable Market conditions arise which make it hard, if not impossible, for Me to liquidate a position, and I assume full legal responsibility should this occur. I agree that purchasing or selling Stocks, FOREX Lots, Futures, and Equities, stated in any of the services provided by waawuworld.com may result in a profit or loss.
2.15 I understand as a trader that I am fully responsible for MY orders placed; MY orders filled; MY Digital currencies, FOREX Lots, Futures Contracts, or Equities, sold; MY Stocks, FOREX Lots, Futures Contracts, or Equities, bought; MY earned profits or MY incurred losses.
2.16 I agree and understand that while the profits of day trading, Futures, FOREX, or Equities, can be substantial, I am also exposed to the risk of heavy losses of MY cash, capital, or assets, and therefore agree not to hold Waawu World Global Services Limited, and any of its subsidiaries, responsible for any losses, no matter how large they may be. I understand that there may be other risks involved in the Buying/Selling of Coins, FOREX, Futures, and Equities online, not stated in this DISCLAIMER and it is my absolute legal responsibility to know, investigate, research, and assume, all additional risks inherent in trading. I also agree that past performance of any of the services offered by waawuworld.com should NOT be the basis for expected results of MY trading.
2.17 Waawu World Global Services Limited, waawuworld.com, or any of its subsidiaries, will not be held responsible to subscribers/members/affiliates, or any other parties, for incurred losses, costs or expenses, loss of use, and damages (consequential/incidental or both) resulting from mistakes in, omissions from, or changes to, information, links, downloaded material or other materials, subscriber/member/affiliate may receive or come into contact with, while accessing the website. We do not provide any guarantees for the accuracy or validity of information provided in any of our services generated from generally reliable sources due to the refusal of such companies to provide legal guarantees for their information.
2.18 The website, waawuworld.com, does not accept any liability or legal responsibility for, arising out of use, any investment, online trades, interpretation, or acceptance, of any information available on this website. YOU agree to access this website at your own risk and we do not provide any legal warranty that information available or obtained on this website is absolutely accurate and reliable, or that accessing our servers cannot expose YOU to viruses or other forms of harm. YOU understand that you are solely responsible for damage or costs arising from damage to YOUR computer and any of its components.
2.19 YOU agree to refrain from copying, duplicating, and/or soliciting information, material, and other properties owned by waawuworld.com, or any of the services we provide unless we grant YOU prior written approval and consent.
2.20 YOU agree that the absolute risk of YOUR trading technique in the trading of Coins, FOREX, Futures, or Equities, lies solely with you and you accept full legal responsibility for it. You reserve the right to act upon or discard recommendations made in the services we offer and should YOU decide to act upon any of them, then YOUR actions are solely YOUR legal decision and Waawu World Global Services Limited, or any of its subsidiaries, will NOT be held responsible.
2.21 The website, waawuworld.com, advises all subscribers/members/affiliates to practice Demo Trading (trading accounts that do not use real cash) UNTIL you come about with a strategy that ensures consistent profit. Don't forget that real trading is substantially different from Demo trading. Demo Trading mitigates actual market conditions including, but not limited to, quick moving markets, failure to have an order filled, bad market conditions, and so forth. An estimated 30% of your profits during demo trading should be deducted from your profits as this gives YOU a realistic view of possible earnings in actual trading. Keep in mind that there are no guarantees as to how much profits YOU will earn when trading with YOUR own money, even with the deduction of this figure. YOU are fully responsible for any risks inherent in your trades, and any online trading techniques YOU develop by using any of our services can expose you to risks.
2.22 Waawu World Global Services Limited reserves the legal right to review and make changes to its subscription/membership/affiliation fees at any time it deems necessary without prior notification to subscribers of such adjustments.
2.23 We have a Zero Tolerance Policy for promotion of stocks, abusive language, or acts that we deem disruptive in our Live Trading Rooms, or other areas of our website. waawuworld.com reserves the right to terminate subscribers/members/affiliates found guilty of this policy.
2.24 Waawu World Global Services Limited does not represent itself as an Investment Advisor, or investing in Stocks, Futures, or Equities. We therefore do not provide any kind of investing advice whatsoever.
2.25 You should carefully think over your investment objectives, risks and experience before participating in the Futures & Forex market. It is important to not invest money you cannot afford to lose.
2.26 Considerable risks in Futures & Forex transactions exist. Those risks include without limitation, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, liquidity of a currency or currency pair or Futures Contract.
2.27 As a result of the volatile nature of Futures & Forex trading, any market movement will have an equal effect on your deposited funds. There is a possibility that you could sustain a total loss of initial margin funds and be required to deposit extra funds to maintain your position. If you fail to satisfy any margin requirement, your position may be liquidated and you become responsible for any losses. To manage exposure, employ different risk-reducing strategies.
2.28 You also can face with different risks associated with using an Internet-based trading systems including, without limitation, the hardware, software, and Internet connection failures. Waawu World Global Services Limited is not responsible for any communication failures or delays when you are trading via the Internet.
2.29 Any opinions, news, research, analyses, prices, or other information offered by Waawu World Global Services Limited does not constitute investment advice. Waawu World Global Services Limited will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
3.0 INDEPENDENT AFFILIATE STATUS
Signing up as an affiliate does not guarantee any form of earnings. You can only earn as an affiliate when you participate in team building and growing your organization. Affiliates who maintain dormant downlines will not attract the stated incentives on the compensation plans. (Please refer to the terms and conditions stated in details for the Affiliate Programme Compensation Plan)
4.0 WITHDRAWAL OF EARNINGS
4.1 Minimum Withdrawable amount will be $10 and a processing fee of 2% will be charged on all withdrawals.
4.1 Withdrawals can be made on any day of the week, but payout will only be processed in batches once a week on Mondays. This might change to any day of the week as deemed fit. Please note however that every member would be notified if such change is to happen.
4.2 Receiving of bank credit transaction alerts are dependent on the means of withdrawal and the processing timeline of the payment processor (banks or online third party payment processor).Affiliates will only be able to withdraw from our platform after fulfilling the following conditions:
- All Independent Affiliates MUST have referred a Minimum of two students (one on each leg) to activate their Binary.
- KYC (Know Your Customer) documentation MUST have been supplied by the Affiliate and verified by the Compliance Department.
5.0 TRADE SIGNALS SERVICE, FOREX AND CRYPTOCURRENCY
5.1 All our signals are not investment advice. They are only from the best judgement of our master traders and are meant for educational purposes only. Each trader is meant to participate in the market with a full understanding of the risks involved. Forex and crypto markets are highly volatile. Hence, the tendency to lose your capital is as high as the tendency to multiply your capital. Signals are suggestions based on track records and financial climates. Please note that these climates are as volatile as the business itself and the application and results also vary. Traders must take full responsibility for the outcome of the application of academy signals.
5.2 Students are advised to trade with a fragment of their entire capital and always have a reserve for fall back. THE COMPANY WILL NOT BE LIABLE FOR CAPITAL LOSS NOR INDEMNIFY THE STUDENTS FOR SUCH LOSS.
6.0 AGRICULTURAL ACADEMY
The academy empowers students with skills that will enable them set up their Mushroom Farms and/or Green Houses. Learning will be predominantly online. However, at specified times, there would be physical classes for practical application of lessons learnt. Please be informed that we intend to off-take products from our participants. It should however be noted that the off-taking of products is highly dependent on the demand we have for the products from our partners. We highly recommend that student farmers master their industries and also get customers who will patronize them and buy off their products. Our off-taking of products would be on a best effort basis and we will highlight volumes that can be taken off our student farmers at given times. When we are unable to off-take, students should leverage on their network for supplies.
7.0 HEDGE FUNDS
7.1 Our Cooperative Hedge Fund is only open to the members of the Waawu Academy. Trade is done in batches for members and profit is shared according to the average generated over a period of 3 months.
7.2 Our Cooperative Hedge Funds are invested the following:
(i) Forex Trading
(iii) Agriculture (i.e. Green House/Mushroom Farming)
(iv) Downstream Oil and Gas
7.3 All the industries the Waawu Cooperative Hedge Fund play in have different Risk Crystallization Index. The Agricultural industry maintains an average risk profile. However, the capital input for maximum returns that aligns with the organization's mission will be relatively expansive compared to the minimal capital input for forex. Individual judgement will be key in relation to the peculiarity of the subscriber/member/affiliate.
7.4 Collective financial input of our members is what generates tremendous performance in the above markets. Our team will do its best to keep all members profitable and ensure your input capital is not lost.
8.0 INDEPENDENT AFFILIATE STATUS
8.1 BECOMING AN INDEPENDENT AFFILIATE An applicant becomes an Independent Affiliate ("Independent Sales Representative") of Waawu World Global Services Limited when the subscriber/member/affiliate's Application and Agreement has been received and accepted by the Company, on its website or via mail, at its registered Head Office. The Company reserves the right to decline any application for any reason, at its sole discretion.
An Independent Affiliate shall use his/her best efforts to promote and sell the products and services of Company to third parties pursuant to the Agreement contained within this document and Terms and Conditions of his/her agreement. In doing so, the Independent Affiliate will maintain the high standards of honesty, and integrity and business ethics when dealing with the third parties, the Company or other Company Independent Affiliates.
9.2 MEMBERSHIP FEES, CHARGES AND/OR PURCHASES An initial fee, charge and/or purchase may required to become an Independent Affiliate. As an Independent Affiliate, you agree to pay and authorize automatic recurring billing of the membership fee by any available payment methods, until your subscription/membership/affiliation is cancelled. Any automatic recurring billing of the membership fee is not refundable and will not be prorated. You hereby authorize the Company to initiate debit entries from the account provided for the membership fee, as well as any other purchases made on the Company's website.
9.3 INDEPENDENT AFFILIATES' OBLIGATIONS & RIGHTS Independent Affiliates are authorized to sell Company products and services and to participate in the Independent Affiliate Compensation Plan. Independent Affiliates may sponsor new Independent Affiliates.
9.4 LEGAL AGE Independent Affiliates must be of legal age in the state/province/country of their residence.
9.5 CORPORATIONS, PARTNERSHIPS & TRUSTS A corporation, partnership, limited liability company or other forms of business organizations or trusts may not apply as Independent Affiliate.
9.6 FICTITIOUS OR ASSUMED NAMES A person or entity may not apply as Independent Affiliate using a fictitious or assumed name.
9.7 INDEPENDENT AFFILIATE STATUS Independent Affiliates are Independent Contractors responsible for determining their own activities without direction or control by the Company. They are not franchisees, joint venturers, partners, employees or agents of the Company and are prohibited from stating or implying that, whether orally, in writing, or otherwise. Independent Affiliates have no authority to bind the Company to any obligation. The Company is not responsible for pay¬ment or co-payment of any employee benefits. Independent Affiliates set their own hours and determine how to conduct their business, subject to the Company Agreement, the Policies and Procedures and Terms and Conditions.
9.8 TAXATION As Independent Contractors, Independent Affiliates will not be treated as franchi¬sees, owners, employees or agents of the Company for federal or state tax purposes including, with respect to the federal, state, or local statute, ordinance, rule or regulation.
9.9 INDEPENDENT AFFILIATE IDENTIFICATION NUMBER Independent Affiliates would be assigned a unique number by the company for identification purposes. Independent Affiliates will be identified by this number for purposes of the Company's business. The Independent Affiliate Identification Number must be placed on all the Affiliate's correspondence with the Company.
9.10 LEGAL COMPLIANCE Independent Affiliates must comply with all federal, state and local statutes, regula¬tions and ordinances concerning the operation of their business. Independent Affiliates are responsible for their own managerial decisions and expenditure in¬cluding all estimated income and self-employment taxes.
10.0 TERM & RENEWAL
The Independent Affiliate Agreement shall have a term which shall begin on the date of acceptance by the Company and end one year from the date thereof (the "Anniversary Date").
10.2 RENEWAL Independent Affiliates must renew their subscription/membership/affiliation annually, on the Anniversary Date and the Company has the right to decline to accept any renewal at its sole discretion. Renewal is subject to the following:
(i) The Company may require that Independent Affiliates execute a new Agreement upon renewal.
(ii) Independent Affiliates not renewing by the renewal date shall be deemed to have voluntarily terminated their Independent Affiliate rela¬tionship with Company, and thereby lose their Independent Affiliate status, all sponsorship rights, their position in the Compensation Plan and all rights to com¬missions and bonuses.
(iii) Independent Affiliates who fail to renew their Independent Affiliate sta¬tus may not reapply under a new sponsor for three (3) months after non-renewal.
11.1 SPONSORING Independent Affiliates may sponsor other Independent Affiliates into the Company's business. Independent Affiliates must ensure that each potential Independent Affiliate has had access to the current Policies and Procedures, Terms and Conditions and Com-pensation Plan and has reviewed them prior to or when giving the individual an Agreement.
11.2 MULTIPLE AGREEMENTS If an Applicant submits multiple Independent Affiliate Applications which list different spon¬sors, only the first completed Agreement received by the Company will be ac¬cepted.
11.3 TRAINING REQUIREMENT A Sponsor must maintain an ongoing professional leadership association with Independent Affiliates in his or her team and must fulfil the obligation of performing a bona fide supervisory function in the sale or delivery of products and services.
11.4 INCOME CLAIMS Independent Affiliates must truthfully and fairly describe the Compensation Plan. No past, potential or actual income claims may be made to prospective Independent Affiliates, nor may Independent Affiliates use their own income as indications of the success assured to others. Commission cheques may not be used as mar¬keting material. Independent Affiliates may not guarantee commissions or estimate expenses to prospects.
11.5 TRANSFER OF SPONSORSHIP The Company does not permit the transfer of sponsors. Network Marketing is a business of creating relationships. Once an Independent Affiliate is sponsored, the company believes in maximum protection of that relationship. The only exception is upon prior written ap¬proval of the Company to correct ethical violations as determined at the sole discre¬tion of the Company.
11.7 CROSS RECRUITING WITHIN WAAWU WORLD GLOBAL SERVICES LIMITED An Independent Affiliate may not recruit, or attempt to sponsor, any non-personally sponsored Independent Affiliate/Subscriber/Member, either active or inactive, in Waawu World Global Services Limited, for less than six (6) months. Cross Recruiting another Independent Affiliate/Subscriber/Member, will have a penalty of mandatory suspension for a period of thirty (30) days, and commissions and/or bonuses for that period will be forfeited.
The suspension will precede an investigation, which may result in termination of the Independent Affiliate. Waawu World Global Servuces Limited has a Zero Tolerance Policy, both for Cross Recruiting and Cross Sponsoring.
12.1 VOLUNTARY RESIGNATION a) Independent Affiliates may voluntarily terminate his or her Independent Affiliate status by failing to renew or by sending a thirty (30) days written notice of such resignation or termination to the Company. Voluntary resignation is effective upon receipt of such notice by the Company. b) An Independent Affiliate who resigns or terminates his/her Independent Affiliate status may reapply as an Independent Affiliate, three (3) months after resignation.
12.2 SUSPENSION An Independent Affiliate may be suspended for violating the terms of his or her Agree-ment, which includes these Policies and Procedures, the Terms and Conditions, the Compensation Plan and other agreements entered into with the Company. When a decision is made to sus¬pend an Independent Affiliate, the Company will inform the Independent Affiliate in writing that the sus¬pension has occurred effective as of the date of the written notification, the reason for the suspension and the steps necessary to remove such suspen¬sion (if any). The suspension notice will be sent to the Independent Affiliate's address "on file", pursuant to the notice provisions contained in the Policies and Procedures and Terms and Conditions.
Such suspension may or may not lead to termination of the Independent Affiliate as so determined by the Company at its sole discretion. If the Independent Affiliate wishes to appeal, the Company must receive such appeal in writing within fifteen (15) days from the date of the suspension notice. The Company will re¬view and consider the suspension and notify the Independent Affiliate in writing of its decision within thirty (30) days from the date of the suspension notice. The decision of the Company will be final and subject to no further review.
The Company may take certain action during the suspension period, including, but not limited to, the following:
a) Prohibiting the Independent Affiliate from holding himself or herself as an Independent Affiliate or using any of Company's proprietary marks and/or materials;
b) Withholding commissions and bonuses that are due the Independent Affiliate during the suspension period;
c) Prohibiting the Independent Affiliate from purchasing services and products from the Company; and/or;
d) Prohibiting the Independent Affiliate from sponsoring new Independent Affiliates, con¬tacting current Independent Affiliates or attending meetings of Independent Affiliates.
If the Company, at its sole discretion, determines that the violation which caused the suspension is continuing, and has not been satisfactorily resolved or a new violation involving the suspended Independent Affiliate has occurred, the suspended Independent Affiliate may be terminated.
12.3 TERMINATION An Independent Affiliate may be immediately terminated for violating the terms of his or her Agreement, which includes these Poli¬cies and Procedures, Terms and Conditions, the Compensation Plan and other agreements entered into with the Company upon written notice of such termination. The Company may terminate a violating Independent Affiliate with¬out placing the Independent Affiliate on suspension, at Company's sole discretion. When the decision is made to terminate Independent Affiliate, the Company will inform the Independent Affiliate in writing at the Independent Affiliate's address "in file" that the termination has occurred.
12.4 EFFECT OF TERMINATION Immediately upon termination, the terminated Independent Affiliate: a) Must remove and permanently discontinue the use of the trademarks, service marks, trade names and any signs, labels, stationary or advertising referring to or relating to any product, plan or program of the Company. b) Must cease representing himself/herself as an Independent Affiliate of the Company; c) Loses all rights to his or her Independent Affiliate position in the Com¬pensation Plan and to all future commissions and earnings resulting there¬from; d) Must take all action reasonably required by the Company relating to the protection of the Company's confidential information. The Company has the right to offset any amounts owed by Independent Affiliate to the Company including, without limitation, any indemnity obligation incurred pursuant to these Policy Statements, from commissions or other compensation due to the Independent Affiliate.
12.5 APPEAL If the Independent Affiliate wishes to appeal the termination, the Company must receive his/her appeal in writing within fifteen (15) days from the date of the notice of termina-tion. If no appeal is received within the fifteen (15) day period, the termina¬tion will automatically be deemed final. If the Independent Affiliate files a timely notice of appeal, the Company will review the appeal and notify the Independent Affiliate of its deci¬sion within ten (10) days after receipt of the appeal. The decision of the Company will be final and subject to no further review. In the event the termination is not rescinded, the termination will remain effective as of the date stated in the original termination notice.
12.6 REAPPLICATION The acceptance of any reapplication of a terminated Independent Affiliate or the application of any family member of a terminated Independent Affiliate shall be at the sole discretion of the Company.
13.1 ACQUISITION OF BUSINESS Any Independent Affiliate desiring to acquire an interest in another Independent Affiliate's business must first terminate his or her Independent Affiliate status and wait three (3) months before becoming eligible for such a purchase. All such transactions must be fully disclosed and must be approved by the Company in advance.
13.2 TRANSFERS OF INDEPENDENT AFFILIATES Except as expressly set forth herein, an Independent Affiliate may not sell, assign or otherwise transfer his or her Independent Affiliate status (or the rights thereof) to another Independent Affiliate or to an individual which has an interest in the Independent Affiliate Status. Notwithstanding the foregoing, an Independent Affiliate may transfer his or her Independent Affiliate Status to his or her sponsor, subject to the conditions of Section 13.3 and 13.7. In such an event, the sponsor's status and the transferring Independent Affiliate's status shall be merged into one entity.
13.3 CONDITIONS TO TRANSFERABILITY An Independent Affiliate may not sell, assign, merge or transfer his or her Independent Affiliate Status (or the rights thereto) without the prior written approval of the Company and com¬pliance with the following conditions:
a) The Company possesses the right of first refusal with respect to any sale, assign-ment, transfer or merger of any Independent Affiliate status. Independent Affiliates wishing to sell, assign, transfer or merge his or her Independent Affiliate status must first provide the Company with the right and option to make such a purchase or receive such transfer in writing on the same terms and conditions as any outstanding or intended offer. The Company will advise the Independent Affiliate within ten (10) business days after re¬ceipt of such notice of its decision to accept or reject the offer. If the Company fails to respond within the ten (10) day period or declines such offer, the Independent Affiliate may make the same offer or accept any outstanding offer which is on the same terms and conditions as the offer to the Company to any person or entity who is not an Independent Affiliate, married to, or a dependent of an Independent Affiliate;
b) The selling Independent Affiliate must provide the Company with a copy of all documents which detail the transfer, including, without limitation, the name of the purchaser, the purchase price and terms of purchase and payment;
c) An office administration transfer fee of $100.00 must accompany the transfer documents;
d) The documents must contain a covenant made by the selling Independent Affiliate for the benefit of the proposed purchaser not to compete with the purchaser or attempt to divert or sponsor any existing Independent Affiliate for a pe¬riod of one (1) year from the date of the sale or transfer;
e) Upon a sale, transfer or assignment being approved in writing by the Company, the buying Independent Affiliate must assume the position and terms of agreement of the selling Independent Affiliate and must execute a current Agreement and all such other documents as may be required by the Company; and
f) The Company reserves the right, at its sole discretion, to stipulate additional terms and conditions prior to approval of any proposed sale or transfer.
13.4 CIRCUMVENTION OF POLICIES If it is determined, at Company's sole discretion, that an Independent Affiliate's status was transferred in an effort to circumvent compliance with the Agreement, the Policies and Procedures, Terms and Conditions the Compensation Plan or any other agreement entered into with the Company, the transfer will be de¬clared null and void. The Independent Affiliate Status will revert to the transfer¬ring Independent Affiliate, who will be treated as if the transfer had never occurred from the day of reversion. If necessary and at Company's sole discretion, ap¬propriate action, including, without limitation, termination, may be taken against the transferring Independent Affiliate to ensure compliance with the Policies and Procedures and Terms and Conditions.
13.5 SUCCESSION Notwithstanding any other provision of this Section, upon the death of Independent Affiliate, the Independent Affiliate-ship will pass to his or her successors in interest as provided by law. However, the Company will not recognize such a trans¬fer until the successor in interest has executed a current Agreement and submitted certified copies of the death certificate, will, trust or other instru¬ment transferring the interest to him as may be required by the Company. The successor will thereafter be entitled to all the rights and be subject to all the obligations of an Independent Affiliate.
13.6 RE-ENTRY Any Independent Affiliate who transfers his or her Independent Affiliate status must wait for three (3) months after the effective date of such transfer before becoming eligible to reapply to become an Independent Affiliate.
14.0 PROPRIETARY INFORMATION
14.1 CONFIDENTIALITY AGREEMENT During the term of the Agreement, the Company may supply to Independent Affiliates, con¬fidential information, including, but not limited to genealogical and Downline reports, customer lists, customer information developed by the Company or devel¬oped for and on behalf of the Company by Independent Affiliates (including, but not limited to, credit data, customer and Independent Affiliate profiles and product purchase infor-mation), Independent Affiliate lists, manufacturer and supplier information, business reports, commission or sales reports and such other financial and business information which the Company may designate as confidential. All such information (whether in written or electronic format) is proprietary and confidential to the Company and is transmitted to Independent Affiliates in strictest confidence on a "need to know" basis for use solely in Independent Affiliates business with the Company. Independent Affiliates must use their best efforts to keep such information confidential and must not dis¬close any such information to any third party, or use this information for any non-company activity directly or indirectly while an Independent Affiliate and thereafter.
Independent Affiliates must not use the information to compete with the Company or for any purpose other than promoting the Company's program and its products and services. Upon expiration, non-renewal or termination of the Agreement, Independent Affiliates must discontinue the use of such confidential information and promptly return any confidential information in their possession to the Company.
14.2 COPYRIGHT RESTRICTIONS With respect to product purchases from the Company, Independent Affiliates must abide by all manufacturers' use restrictions and copyright protections.
14.3 VENDOR CONFIDENTIALITY The Company's business relationships with its vendors, manufacturers and suppli¬ers are confidential. Independent Affiliates must not contact, directly or indirectly, or speak to, or communicate with any supplier or manufacturer of the Company except at Company sponsored events at which the supplier or manufacturer is present at the request of the Company.
15.0 TRADEMARKS, LITERATURE & ADVERTISING
15.1 TRADEMARKS The Company's name, trademarks, service marks and copyrighted materials are owned by the Company. The use of such marks and materials must be in strict compli¬ance with these Policies and Procedures.
15.2 ADVERTISING & PROMOTIONAL MATERIALS Only the promotional and advertising materials produced by the Company or ap¬proved in advance in writing by the Company may be used to advertise or promote an Independent Affiliate's business or to sell products and services of the Company. The Company's litera¬ture and materials may not be duplicated or reprinted without the prior written permission of the Company.
15.3 USE OF COMPANY NAME Independent Affiliates may use the name of the Company only in the following format: "Independent Affiliate for Waawu World Global Services Limited".
15.4 STATIONERY AND BUSINESS CARDS Independent Affiliates are not permitted to "create" their own stationery, business cards or letterhead graphics, if the Company's trade name or trademarks are used. Only the approved Company's graphics version and wording are permitted; letterhead, envelopes and business cards must be ordered using the online/stationery order form.
15.5 ELECTRONIC ADVERTISING Independent Affiliates may not advertise or promote their Independent Affiliate business or the Company's business, products or marketing plan or use the Company's name in any elec¬tronic media or transmission, including on the Internet via websites or oth¬erwise, without the prior written approval of the Company's legal department.
15.6 TELEPHONE LISTING Independent Affiliates are not permitted to use the Company's trade name in advertising their telephone and telecopy numbers in the white or yellow page sections of the telephone book or in business listings. Independent Affiliates are not permitted to list their telephone numbers under the Company's trade name without first obtaining the Company's prior written approval. If approval is granted for such listing, it must be stated in the following manner: "Independent Affiliate for Waawu World Global Services Limited".
15.7 TELEPHONE ANSWERING Independent Affiliates may not answer the telephone by saying " Waawu World Global Services Limited" or in any other manner that would lead the caller to believe that he or she has reached the offices of the Company.
15.8 IMPRINTED CHEQUES Independent Affiliates are not permitted to use the Company's trade name or any of its trade¬marks or service marks on their business or personal checking accounts.
15.9 MEDIA INTERVIEWS Independent Affiliates are prohibited from granting radio, television, newspaper tab¬loid or magazine interviews or using public appearances, public speaking engagements, or making any type of statement to the public media to pub¬licize the Company, its products or the Company's businesses, without the prior express written approval of the Company. All media inquiries should be in writing and referred to Company's corporate office, legal department.
15.10 ENDORSEMENTS No endorsements by a Company officer or administrator or third party may be asserted, except as expressly communicated in Company literature and com¬munications. Federal and state regulatory agencies do not approve or en¬dorse direct selling programs. Therefore, Independent Affiliates may not represent or imply, directly or indirectly, that the Company's programs, products or services have been approved or endorsed by any governmental agency.
15.11 RECORDINGS Independent Affiliates may not produce or reproduce for sale or personal use, prod¬ucts sold by the Company or any Company-produced literature, audio or video material, pre-sentations, events or speeches, including conference calls. Video and/or au¬dio taping of Company meetings and conferences is strictly prohibited.
15.12 REPACKAGING PROHIBITED Independent Affiliates may not repackage products or materials of Company.
15.13 INDEPENDENT COMMUNICATIONS Independent Affiliates, as Independent Contractors, are encouraged to distribute information and direction to their respective downlines. However, Independent Affiliates must identify and distinguish between personal communications and the official communications of the Company.
16.0 PAYMENT OF COMMISSIONS
16.1 BASIS FOR COMMISSIONS Commissions and other compensation cannot be paid until a completed Agreement has been received and accepted by the Company. Commissions are paid ONLY on the sale of the Company's services and products. No commissions are paid on the purchase of sales materials or for Sponsoring Independent Affiliates. In order to receive commissions on products and services sold, the Company must have received and accepted an Agreement prior to the end of the commission period in which the sale is made.
16.3 COMMISSION PAYMENTS Commissions are paid to "qualified" Independent Affiliates as defined within the Compensation Plan. Independent Affiliates must consult the Compensation Plan for a detailed explanation of the benefits, commission structure and require¬ments of the Compensation Plan.
16.4 OFFSET OF COMMISSIONS Any commissions or bonuses earned and paid on products returned is the obligation of the Independent Affiliate and must be repaid to the Company by the Independent Affiliate that earned such commissions. The Company has the right to offset such amounts against future com¬missions and other compensation paid or owed to such Independent Affiliates who received commissions.
16.5 PAYMENT OF BONUSES AND COMMISSIONS In order for any member or independent affiliate to receive any bonuses or commissions from the Company, the member or independent affiliate must be "Active" and in "Good Standing". "Active" refers to a Member or Independent Affiliate that is paying their monthly subscription and using the products and services of the Company on a regular basis. "Good Standing" refers to a member or Independent Affiliate that does not owe any monies to the Company.
16.6 INACTIVE EWALLET The Company has a strict 90 Day Policy, and will reverse all commissions deposited in your e-Wallet after 90 days of inactivity.
Waawu World Global Services Limited strongly recommends that you transfer as soon as possible all commissions from your e-Wallet. Therefore, it is your responsibility to transfer all commissions from your e-Wallet within 90 days of being deposited on your e-Wallet.
Please note that if your commissions are reversed due to your e-Wallet becoming inactive after 90 days, the Company is not obligated to refund any reversed commissions.
16.7 INACTIVE AFFILIATE If you missed your weekly commissions, because your affiliate subscription was not paid on your billing date causing you to become an Inactive AFFILIATE before the Company paid the weekly commissions period, the Company is not obliged to make any commissions adjustments because you missed your payment on your billing date.
It is very important that you understand that if you are an Active AFFILIATE on the day/week/month that commissions are being paid on, but you become an Inactive Affiliate on the day/week/month that commissions are paid, your will not be paid that period.
Please note that only you, not Waawu World Global Services Limited, are fully responsible to make sure your AFFILIATE subscription payment is processed on your billing date.
For the purpose of this paragraph, your Billing Date is the Date you signed-up with Waawu World Global Services Limited.
17.0 PURCHASE & SALE OF SERVICES
17.1 PAYMENT OPTIONS Payments made by credit card may be subject to up to a 24-hour hold. During this period, we cannot guarantee your placement in the referral network until payment is authorized. If an underpayment is made, the order will not be processed until the full amount is received by the Company. If an overpayment is made, the Company will process the order and issue a credit to Independent Affiliate's account, which will automatically refund on the next commission cheque paid to Independent Affiliate. Orders will not be processed if cancellation of a credit card is made. Orders for services are not effective until accepted by the Company.
17.2 PROMOTIONAL ITEMS All promotional items which bear the Company name or logo must be purchased solely from the Company unless prior written permission is obtained from the Company.
17.3 SERVICES CLAIMS Independent Affiliates may make no claim, representation or warranty concerning any service of the Company, except those expressly approved in writing by the Company or contained in official Company materials.
17.4 FAX BLASTS, SPAMMING Fax blasting and unsolicited e-mailing (SPAMMING) is prohibited.
18.0 GUARANTEE & REFUND POLICY
18.1 MONEY BACK GUARANTEE The Company offers a TEN (10) day, 100% Money Back, and Satisfaction Guarantee to all subscribers. The TEN (10) days, 100% Money Back Guarantee starts from the date of purchase, includes weekends, and only applies to the initial purchase of a Basic or Premium Package. If a subscriber is dissatisfied with the service for any reason, the subscriber may request for a refund within seven (7) days of the subscriber's initial purchase; for a full refund of the purchase price. All other warranties and guarantees are disclaimed. After seven (7) days, your purchase will no longer be refundable.
The Company offers a seven (7) days Money Back Guarantee for all subscription payments made to Waawu World Global Services Limited. This includes the date the subscription is due, includes weekends, and only applies to monthly subscription (for signals and training support) payments. If a subscriber is dissatisfied with the service for any reason, the subscriber may request for a refund within seven (7) days of the payment of the subscriber's monthly subscription, for a full refund of the subscription price. All other warranties and guarantees are disclaimed. After seven (7) days, your purchase will no longer be refundable.
18.2 WARRANTIES Except as expressly stated herein, the Company makes no warranty or representa¬tion as to the merchantability, fitness for a particular purpose, workmanship or any other warranty concerning any product or service purchased from or through the Company.
19.0 GENERAL PROVISIONS
19.1 INDEMNITY AGREEMENT Each and every Independent Affiliate agrees to indemnify and hold harmless the Company, its shareholders, officers, directors, employees, agents and successors in in-terest from and against any claim, demand, liability, loss, cost or expense including, but not limited to, court costs and attorneys' fees, asserted against or suffered or incurred by any of them, directly or indirectly arising out of or in any way related to or connected with allegedly or otherwise, the Independent Affiliates (a) activities as Independent Affiliate; (b) breach of the terms of the Agreement; and/or (c) violation of or failure to comply with any applicable federal, state or local law or regulation.
19.2 PROCESSING CHARGES The Company reserves the right to institute a processing charge for commission cheques and/or genealogy requests.
19.3 OTHER SERVICES Independent Affiliates may not promote or sell another company's services at functions organized to feature the Company and its products/services. Independent Affiliates are not restricted from selling the services and products of other companies, however promotion of any other companies' services, products and/or business programs to the Company's Independent Affiliates or Customers is strictly prohibited.
19.4 LIABILITY To the extent permitted by law, the Company shall not be liable for, and each Independent Affiliate releases the Company from, and waives all claims for, any loss of profits, indi¬rect, direct, special or consequential damages or any other loss incurred or suffered by the Independent Affiliate as a result of (a) the breach by Independent Affiliate of the Agreement and/or the Terms and Conditions and/or the Policies and Procedures; (b) the operation of Independent Affiliate's business; (c) any incorrect or wrong data or information provided by Independent Affiliate; or (d) the failure to provide any information or data necessary for the Company to operate its business, including, with¬out limitation, the enrolment and acceptance of the Independent Affiliate into the Com¬pensation Plan or the timing of payment of commissions and bonuses.
19.5 RECORDKEEPING The Company encourages all Independent Affiliates to keep complete and accurate records of all their business dealings.
19.6 FORCE MAJEURE The Company shall not be responsible for delays or failure in performance caused by circumstances beyond a party's control, such as, but not limited to: fire, flood, earthquake, storm, power outages, labour difficulties, strikes, war, government decrees or orders and/or curtailment of a party's usual source of supply.
19.7 VIOLATIONS It is the obligation of every Independent Affiliate to abide by and maintain the in¬tegrity of the Policies and Procedures and Terms and Conditions. If Independent Affiliate observes another Independent Affiliate committing a violation, he or she should discuss the violation di¬rectly with the violating Independent Affiliate. If the Independent Affiliate wishes to report such violation to the Company, he or she must detail violations in writing only and mark the correspondence "Attention: Legal Department".
19.8 AMENDMENTS The Company reserves the right to amend the Agreement, Policies and Procedures, Terms and Conditions, its retail prices, product and service availability and the Compensa¬tion Plan type at any time without prior notice as it deems appropriate. By entering into the Independent Affiliate Agreement, an Independent Affiliate agrees to abide by all amendments or modifications that the Company elects to make. Amend-ments will be communicated to the Independent Affiliate through official Company notifications such as, but not limited to, posting on the Company website, posting in Independent Affiliate back office, e-mail, special mailings or publications. Amendments are effective and binding upon submission to the Company website. In the event that any conflict exists between the original documents or policies and any such amendment, the amendment will take precedence. The continuation of an Independent Affiliate business, the acceptance of any benefits under the Agreement, or acceptance of commissions from the sale of products or services constitutes acceptance of all amendments.
19.9 NON-WAIVER PROVISION No obliga¬tion or provision herein, and no custom or practice of the parties at variance with these Policies and Procedures, shall constitute a waiver of the Company's right to demand exact compliance with these Policies and Procedures. The Company's waiver of any particular default by the Independent Affiliate shall not affect or impair the Company's rights with respect to any subsequent default, nor shall it affect in any way the rights or obligations of any other Independent Affiliate. No delay or omis¬sions by the Company in the exercise any right arising from a default shall affect or impair the Company's rights as to that or any subsequent or future default. Waiver by the Company can be affected only in writing by an authorized officer of the Company.
19.10 GOVERNING LAW The Agreement and these Policies and Procedures shall be governed by the laws of the Federal Republic of Nigeria.
19.11 DISPUTES In the event of a dispute arising between the Company and a Independent Affiliate regarding their respective rights, duties under this agreement, or in the event of a claim of breach of the Independent Affiliate Agreement, it is agreed that such dispute shall be exclusively resolved pursuant to arbitration rules under the of the Arbitration and Conciliation Act CAP A18 LFN 2004 by a sole arbitrator, appointed by the parties with arbitration to occur in Lagos. The Arbitrator may award, in addition to declaratory relief, contractual damages and shall award reasonable attorney's fees and costs to the prevailing party. An award of attorney's fees and costs shall continue through any review, appeal or enforcement of an arbitration decision. The arbitration decision may be enforced in any court of competent jurisdiction. This provision shall not be construed so as to prohibit either party from obtaining preliminary or permanent injunctive relief in any court of competent jurisdiction. The parties each expressly waive their right to collect consequential, punitive and exemplary damages from the other party.
19.12 ENTIRE AGREEMENT The Policies and Procedures are incorporated into the Agreement and, along with the Terms and Conditions and Compensation Plan, constitute the entire agreement of the parties regarding their business relationship.
19.13 SEVERABILITY If under any applicable and binding law or rule of any applicable jurisdic¬tion, any provision of the Agreement, including these Policies and Proce¬dures and Terms and Conditions, or any specification, standard or operating procedure which the Company has prescribed is held to be invalid or unenforceable, the Company shall have the right to modify the invalid or unenforceable provision, specification, standard or operating procedure or any portion thereof to the extent required to be valid and enforceable, and the Independent Affiliate shall be bound by any such modifica¬tion. The modification will be effective only in the jurisdiction in which it is required.
19.14 LIMITATION OF DAMAGES TO THE EXTENT PERMITTED BY LAW, THE COMPANY AND ITS INDEPENDENT AFFILIATES, OFFIC¬ERS, DIRECTORS, EMPLOYEES AND OTHER REPRESENTATIVES, SHALL NOT BE LIABLE FOR, AND THE INDEPENDENT AFFILIATE HEREBY RELEASES THE FOREGOING FROM, AND WAIVES ANY CLAIM FOR, LOSS OF PROFIT, INCIDENTAL, SPE¬CIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES WHICH MAY ARISE OUT OF ANY CLAIM WHATSOEVER RELATING TO THE COMPANY'S PERFORMANCE, NON-PERFORMANCE, ACT OR OMISSION WITH RESPECT TO THE BUSI¬NESS RELATIONSHIP OR OTHER MATTERS BETWEEN ANY COMPANY AND THE COMPANY, WHETHER IN CONTRACT, TORT OR STRICT LI¬ABILITY.
THE COMPANY SHALL NOT EXCEED AND IS HEREBY EXPRESSLY LIMITED TO, THE AMOUNT OF UNSOLD COMPANY SERVICES AND/OR PRODUCTS OF THE COMPANY OWNED BY THE INDEPENDENT AFFILIATE AND ANY COMMISSIONS OWED TO THE INDEPENDENT AFFILIATE.
19.15 NOTICE Any communication, notice or demand of any kind whatsoever, which either the Independent Affiliate or the Company may be required or may desire to give or to serve upon the other shall be in writing and delivered by electronic commu¬nication, whether by telex, telegram, Email or telecopy (if confirmed in writ¬ing and sent by registered or certified mail, postage prepaid, return receipt re¬quested). Any such communication, notice or de¬mand shall be deemed to have been given or served on the date of confirmed dispatch, if by elec¬tronic communication, or on the date shown on the return receipt or by other evidence, if delivery is by snail mail.