Download as pdf or txt
Download as pdf or txt
You are on page 1of 2

RRT Terms and Conditions

Any purchase shall be charged through RRT, which issues monthly statements. Buyer shall present a Trade Draft at the time of purchase and announce they are RRT members to the seller. Any purchase shall be approved by RRT prior to purchases and have an authorization number. Otherwise RRT may refuse to issue an authorization number approving such transaction. RRT may refuse to issue an authorization number for any of the following reasons o a. If buyer does not have sufficient trade dollars to make a purchase or is otherwise not in good standing. o b. If a buyer has any outstanding cash service charges over 30 days past due. o c. If the transaction is disputed by either party and written notice has been received by RRT. o d. If either party fails to conform to these rules, members attempting to circumvent those rules while trading with another member may have their memberships terminated. All invoices must be signed by buyer and retained for proof of purchase. Failure to do so places responsibility for the bill on the seller and not on RRT. Seller shall furnish goods and services at regular, prevailing prices, plus applicable taxes, for 100% barter dollars through RRT unless preauthorized by RRT. Seller is responsible for obtaining Authorization Number from RRT on all purchases prior to merchandise release and completion of service. Purchases are limited to members accrued barter dollars unless secured by collateral and approved by RRT. Members may authorize RRT to collect initial fees, cash services, charges due, and renewal dues through members Visa, MasterCard, American Express or electronic money transfer. Members may request their account be placed in Standby status at any time EXCEPT when account is in a deficit position. RRT makes referrals only to those products or services offered by member and available at the time of referral. RRT may be used in the manner and for the purposes set forth in these rules. Barter dollars shall not be considered legal tender, securities to commodities nor converted to cash. Members should consult their own tax advisers for appropriate tax treatment. RRT is third party record keeper acting as a clearinghouse, which debits or credits except as specified in these rules. Transactions between members are entered into voluntarily. RRT is not responsible for the utility, timely delivery, warranties or any other problems, which arise with respect to goods and services, traded by members. RRT is not responsible if a member cannot find specific products or services. Declaration and reporting of all applicable taxes resulting from trade transactions rests solely with member. Members must report to RRT any discrepancies in monthly statements within 20 days of receipt; otherwise the statement will be deemed correct. If a member fails to pay service fees or any other charge to RRT within 30 days of billing, RRT may charge member interest on outstanding balance at a periodic rate in interest as maybe noticed to member from time to time and suspend members trading privileges until the charges are paid. Should the charges remain outstanding beyond 60 days of billing, RRT may terminate the delinquent members account. RRT may terminate a members membership for any violation of RRT rules, as amended by written notice to member by certified mail. In the event of termination, RRT may, in addition to such other rights as it may have, do any or all of the following: o a. Suspend trading privileges if there is a RRT positive trade balance in a members account until such time as any cash service charges are paid in full. Thereafter, all credit due member must be spent for goods and services within 90 days. o b. Suspend trading privileges if there is a deficit credit balance and demand member pay the balance in full within 30 days, either in goods or services acceptable to RRT or in cash. Should a member fail to honor and accept purchases from another member, member shall be in material breach of these rules. Member acknowledges if this occurs, RRTs business relationship with member whose account was not honored will be damaged. In such event, RRT may terminate such membership. RRT may modify rules for accepting members at any time. RRT may modify these rules should the amendment be for the benefit of the exchange. RRT shall give 10 days prior notice of such amendment. Acceptance by the members shall either in writing or, by failure to give RRT written objection thereto within such 10 days. A member shall have the right to resign its membership if it objects to the amendment adopted by RRT. RRT reserves the right to change dues and cash charges from time to time. Members will receive 10 days written notice of any change in dues and fees. RRT members may cancel this agreement at any time after 10 days written notice. Upon cancellation, all trade dollars due member must be spent for goods and services available through RRT within 90 days. Outstanding balances due RRT shall be paid within 30 days, either in goods or services acceptable to RRT or Cash. RRT may permit members to trade in excess of barter dollars in RRT members accounts. Extension of credit is sole discretion of RRT. While RRT considers itself to be primarily liable to RRT members

for defaults by such credit account, there remains a potential risk of loss to members if RRT is unable to meet its obligations. If legal action is taken by RRT against a member to enforce this agreement, RRT may recover attorneys fees, costs and interest at the rate of eighteen (18%) percent per annum from the date of default until payment. RRT will charge 1% carrying charge in trade on any negative trade balance per month. This contract automatically renews at the discretion of RRT every year, unless otherwise informed by member at least 10 days prior to anniversary date.

Understanding these conditions Please pay your membership fee below

You might also like