Terms & Conditions
ONE WORLD UNITED PREPAID MASTERCARD® CARD
CARDHOLDER AGREEMENT AND DISCLOSURE
CONSUMER
EFFECTIVE AUGUST 1, 2006
IMPORTANT PLEASE READ AND KEEP FOR FUTURE REFERENCE
This document constitutes the agreement ("Agreement") outlining the terms and conditions under which a ONE WORLD UNITED Prepaid MasterCard® Card has been issued by First Regional Bank. Card member services are provided by World Processing, Ltd. (Global Cash Card) who is an authorized representative of First Regional Bank. By accepting, using, or funding the ONE WORLD UNITED Prepaid MasterCard® Card, or by allowing any other person to use your card, you agree to be bound by the terms and conditions of this Agreement. In this Agreement, card means the ONE WORLD UNITED Prepaid MasterCard® Card issued to you by First Regional Bank. "We," "us," and "our," means First Regional Bank, our successors, affiliates or assignees. You agree to sign the back of the Card immediately upon receipt.
CARD DESCRIPTION AND USES
The card is a re-loadable Prepaid MasterCard® Card. The card accesses a special account that accesses funds in such account. The card is not directly linked to any other checking or credit card account. The card is not a credit card. No interest will be paid on the balances transferred to the card account. Accounts are FDIC insured. This card is our property and must be returned to us upon our request. Improper use of the Card will result in immediate suspension of its use. You may cancel this card and agreement at any time by notifying us in writing and returning your card to us at 7 Corporate Park Ste 100 Irvine, CA 92606. We may cancel this card and agreement at any time upon notification to your last known address. In the event of cancellation, we will issue a check to you for the remaining balance on the card to you within thirty-days (30) of notification subject to the Fee Schedule. Cancellation will not affect our rights or your obligations arising from this agreement prior to termination.
SECURITY / LIMITATIONS
Your Prepaid MasterCard® Card can be used as a signature card or as a PIN based card. When using as a PIN based card you will choose a personal identification number (PIN) to prevent unauthorized use of the card. This PIN will be used to authorize transactions on the card. You agree:
» Not to disclose the PIN to anyone or record it on the card or otherwise make it available to anyone else.
» To promptly notify us of any loss or theft of the card or PIN.
» To be liable for any transactions made by a person you authorize or permit to use the card/PIN.
» The minimum value that can be added to the card is ten dollars ($10.00).
» ATM withdrawals cannot exceed one thousand dollars ($1,000.00) in a 24 hour period.
» Purchases cannot exceed two thousand five hundred dollars ($2500.00) in a 24 hour period.
» Your ATM withdrawal limit is ($500.00) per transaction (If ATM allows it).
» You may not exceed five (5) ATM transactions in a 24 hour period.
»You may be denied use of the card if you:
1. Exceed the ATM withdrawal limits (and/or the 5 transaction limits).
2. Do not have adequate funds in your account.
3. Do not enter the correct PIN (Personal Identification Number).
4. Exceed the frequency of usage limitation.
AVAILABILITY OF FUNDS
You can visit www.globalcashcard.com or call (866) 395-9200 or if outside the US call (949)751-0360 to check your card balance 24 hours a day seven days a week. Card loads done with cashiers checks or postal money orders will be made available once they have cleared the bank (please make sure all checks are made payable to Global Cash Card). Funds deposited using your existing checking or savings account through www.globalcashcard.com may require at least ten business days to be available on your card. Direct deposit loads or government issued checks will be made available immediately after funds are collected.
DEDUCTION OF FEES
You agree that we may deduct from this account, without notice, all fees incurred as outlined in the attached Fee Schedule. You also agree that we may deduct fees for services you may request that are not included in this disclosure or our schedule of fees. We will not be liable for dishonoring any transactions presented for payment because of insufficient finds being in the account as a result of deducting fees. However, we reserve the right to collect fees at a later date, without notice, for non-deducted fees because of insufficient funds. There may be other fees imposed by the owners of ATM's and Point-of-Sale equipment.
VERIFICATION OF TRANSACTIONS
You are entitled to receive a transaction record or receipt at the time you use the card at an electronic terminal or ATM. Your transactions will also be listed online at www.globalcashcard.com and are available via our toll free telephone (866)395-9200. You agree that we may provide statements and other notices, hereunder electronically at www.globalcashcard.com. You may also choose to receive information by calling (866)395-9200. This information includes statements, amendments to this Agreement, including any changes to the Cardholder fees and terms and conditions of your use of the card and any other disclosures. - -
FAILURE TO COMPLETE TRANSACTIONS
You agree that we are not liable to complete transactions under the following:
» Adequate funds have not been supplied by you.
» Funds are not "collected" by the issuer.
» The ATM does not have enough cash.
» The electronic terminal/ATM is faulty.
» Natural disasters, fire, communication system failure and/or computer failure.
» Accesses to your funds are on hold.
» A merchant refuses to accept your card.
» An act of government, police, legal process or court order.
FOREIGN TRANSACTIONS
When you use or obtain funds (or make purchases) in a currency other than the currency in which your Card was issued, the amount deducted from your funds will be converted by MasterCard® into an amount in the currency of your Card. MasterCard® International will establish a currency conversion rate for this convenience. This percentage amount is independent of any amount taken by the issuer in accordance with the following section of these Terms and Conditions. If you obtain your funds in a currency other than the currency in which your Card was issued, the issuer may increase the currency conversion rate and will retain this amount as compensation for its services. This charge is independent of the currency conversion rate established by MasterCard® International.
REFUND POLICY
You are entitled to a refund in full on the Membership Purchase when refund is requested within 15 days of the date of purchase. Any membership refund requested between 16 to 45 days will be refunded at 50% of the purchase price. You are entitled to a refund of the full price less shipping, admin and print material costs on purchases of OWU Business Kit and/or Training Program. The refund must be requested within 15 days and business kit returned to One World United 706 1155 Grant Avenue, Winnipeg, Manitoba, Canada within 45 days of purchase. To receive a refund of the kit purchase, the kit must be sent back within the above stated time frames, unopened with all contents accounted for. All opened business kits will not be refunded.
RETURNS AND REFUNDS
You agree to settle all disputes about purchases made using the card with the merchant who honored the card. If you are entitled to a refund for any reason for goods and services obtained with the card, you agree to accept credits to your ONE WORLD UNITED Prepaid MasterCard® Card.
LOSS, THEFT OR UNAUTHORIZED USE
If your card has been lost or stolen or used without your permission, you must notify us immediately at (866) 395-9200. When you notify us by telephone, we may require you to confirm the error in writing to us at 7 Corporate Park, Suite 100 Irvine, CA 92606 within ten (10) days of your verbal notification.
"ZERO LIABILITY POLICY"
As a Prepaid MasterCard® cardholder your card issuer won't hold you liable in the event of an unauthorized use of your U.S. issued Prepaid MasterCard® card. This coverage extends to purchases made in a store, over the telephone, or online.
Zero Liability is provided under the following conditions:
» Your account is in good standing.
» You have exercised reasonable care in safeguarding your card.
» You have not reported two or more unauthorized events in the past 12 months.
What to do if:
If you suspect unauthorized activity on your account, stop using your card and contact ONE WORLD UNITED, the authorized representative of First Regional Bank at (866) 395-9200 as soon as possible.
Zero Liability does not apply to MasterCard® -branded cards issued to an entity other than a natural person; primarily for business, commercial, or agricultural purposes; outside of the U.S. region; or if a PIN is used as the cardholder verification method for the unauthorized transaction (s).
DISPUTE RESOLUTION
When you believe there are errors regarding any transactions, you must notify us immediately by calling (866)395-9200. When you notify us by telephone, we require you to confirm the error in writing to us at ONE WORLD UNITED 7 Corporate Park, Suite 100, Irvine, CA 92606 within ten (10) days of your verbal notification. If we do not receive this written notification within ten (10) days, your claim will be rejected. We will correct any error within ten (10) days of notification, further, if we need additional time to investigate the error, we will make a final determination no later than forty-five (45) days from notification. (Ninety (90) days if transactions occurred outside the U.S.) If we deny your claim we will provide you a written explanation of our final determination.
AGREEMENT TO ARBITRATE ALL DISPUTES
You agree that any and all claims, disputes or controversies arising from the use of the card will be resolved by binding arbitration in accordance with the rules and procedures of one of the following organizations:
NAF JAMS
P.O. Box 50191 1920 Main Street Suite 300
Minneapolis, MN 55404 Los Angeles, CA 92614
800-474-237 1-800-448-1660
www.arbitration-forum.com www.jamsadr.com
For a copy of procedures or to file a claim, you may contact them as noted above.
NOTICE: Each party has a right to litigate dispute in a court and have a jury decide such claim or dispute. The parties have agreed to resolve all disputes and claims by binding arbitration and have waived all rights to a trial by a court or jury and to participate in any class action.
AGREEMENT NOT TO BRING, JOIN OR PARTICIPATE IN CLASS ACTIONS
You agree, to the extent permitted by law, that you will not bring, join or participate in any class action as to any claim, dispute or controversy you may have against us or our agents, directors, officers, members and employees. You agree to the entry of injunctive relief to stop such lawsuit or to remove you as a participant in the suit. You agree to pay our reasonable attorney and court costs in any such action seeking relief. This agreement is not a waiver of any of your rights and remedies to pursue a claim individually as provided above. This agreement not to bring or participate in a class action suit shall survive the termination of this Agreement.
ASSIGNMENT
You agree that you will not transfer or assign this card or your obligations under this Agreement. You agree that ONE WORLD UNITED may assign its rights under this Agreement.
AMENDMENTS / CHANGES
Unless otherwise required by applicable law, we may change the terms of this Agreement by providing you notice of the change in writing or online at www.globalcashcard.com or at our toll free number (866)395-9200.
SEVERABILITY I WAIVER
In the event that any provision of this Agreement is determined to be invalid, illegal or unenforceable, such determination shall not affect the other provisions of this Agreement. Any one-time waiver of any provision of this Agreement will not constitute a continuing waiver of that provision.
GOVERNING LAW
This Agreement shall be governed under the law of the State of Nevada.
PAYMENT TERMS FOR CARDHOLDERS
ONE WORLD UNITED will deduct transactions fees, as set forth in the Fee Schedule, from the Cardholder Account based upon the attached Fee Schedule upon the execution of the corresponding transaction. ONE WORLD UNITED shall be entitled to increase fees and charges with thirty-day (30) notice.
ATM PROCEDURES
Notice: You cannot load your card at an ATM, only withdraw funds.
I. Insert or swipe your Card at the ATM.
2. Follow the instructions/prompts as indicated on the ATM screen.
3. Enter your 4-Digit PIN number when prompted.
4. Select "Withdrawal" and "Checking" option when being prompted for a type of transaction and type of withdrawal.
5. The ATM will advise you of a "Surcharge Fee" (if applicable), should you select "Yes" the terminal fee amount will be deducted from your available card balance in addition to the program fee. If you select "No", the transaction will be cancelled.
6. Enter the cash amount that you want to withdraw from your card account balance.
(Note: Some machines may have a maximum dollar limit that can be dispenses at one time.)
» PROMPTS AT EACH ATM MACHINE MAY VARY SLIGHTLY.
POINT-OF-SALE PURCHASE PROCEDURES
PIN Based
1. Use of the Card at any point of sale location displaying the brand marks on the front or back of the card to buy goods and services.
2. Follow these steps to make purchases:
» Select the "Debit/ATM " key option.
» Swipe your card through the card reader.
» Enter your 4-digit PIN number. (Never give your PIN to anyone).
Signature Based
» Simply hand your card to the merchant.
» Select Credit Option
» Sign the receipt provided by merchant.
You can use your card anywhere MasterCard is accepted, but some places require special treatment. You May find these tips helpful when using the card at:
» Restaurants and beauty salons
It's customary for service oriented merchants to automatically factor in an additional 25% to cover any tip you may leave on the card. If your total bill, after adding in the additional 25% exceeds the amount on the card, it will be declined. You should ensure that your card has an available balance that is 25% greater than your total bill.
» Gas stations
If you pay at the pump, the terminal may check up to see if you have funds to pay for a minimum amount of $1.00 up to a maximum amount of $76.00 worth of gas. You can avoid this by prepaying for your gas inside the station.
» Hotels or car rental agencies
Companies specializing in travel services may automatically factor in an additional 25% to cover incidental charges that you might incur. You should ensure that your card has an available balance that is 25% greater than your total bill.
ONE WORLD UNITED PREPAID MASTERCARD® CARD
PRIVACY & SECURITY POLICY
At ONE WORLD UNITED, an authorized representative of First Regional Bank, we recognize that privacy and security of personal financial information is a concern to our customers. We have taken the utmost care in establishing and implementing policies and procedures to protect this information.
YOUR PRIVACY IS A PRIORITY
We are committed to provide products, services, and offers of value to you and your family. We may use information from our interactions with you and other customers, and from other parties, to help us achieve that goal.
Your privacy is considered in all aspects of our business. Our employees are informed of their responsibility to protect confidential customer information and are governed by a code of conduct that includes this confidentiality. Appropriate disciplinary policies are in place to help enforce employee privacy responsibilities. Security procedures and internal controls are also in place to protect our customers' privacy.
We believe that the basis of each customer relationship is trust. Because you trust us with your personal information, we are committed to respect your privacy and safeguard that information. In order to preserve that trust, we pledge to protect your privacy by adhering to practices intended to ensure that your personal information is handled in a safe, secure, and responsible manner.
WHY WE COLLECT YOUR INFORMATION
ONE WORLD UNITED receives and retains information about its customers through many sources. We limit the use and collection of this information to that which is necessary to maintain and administer financial services, provide excellent service, and offer new products and services that may be of benefit to our customers.
We gather information about you and your account so we can (a) deliver products and services to meet your needs, (b) know who you are and thereby prevent unauthorized access to your information, (c) design and improve the products we offer, (d) replace a lost card, pin, or to provide some other form of assistance, and (e) comply with laws and regulations that govern us.
WHAT INFORMATION WE COLLECT
We may collect the following types of "non-public personal information" about you:
» Information we receive from you on applications or other forms.
» Information about your transactions with our affiliates or us.
» Information about your transactions with non-affiliated third parties.
ONE WORLD UNITED is committed to fully complying with the laws and regulations, such as the Fair Credit Reporting Act and the Right to Financial Privacy Act, that have been established to protect the confidentiality of customer information. If we obtain and use information from a third party such as a consumer report, we will notify you. You are entitled to request credit reporting agencies to remove your name from lists supplied to us. ONE WORLD UNITED does exchange information about our customers to reputable information reporting agencies, in accordance with standard industry practice, to maximize the accuracy and security of such information and verify the existence and condition of customers' accounts. We do not share specific personal customer information with independent companies for any other purpose without the customer's consent, except when required by law, regulation, or court order, and to third party litigants when required by lawful judicial process or court order.
WHAT INFORMATION WE DISCLOSE
We collect, use and share information about you so that we can provide the highest level of service to you for the products you use. We require companies to which we disclose non-public information about you to maintain its confidentiality.
We may share information we collect to our affiliates (i.e., companies related to us by common control or ownership) that offer financial services or additional products and services. In addition, we may disclose information we collect to companies, both affiliates and non-affiliates that perform marketing or other services on our behalf or to other companies with which we have joint marketing arrangements. We are also permitted under law to disclose non-public personal information about you to affiliates and "non-affiliated third parties" in certain circumstances. For example, we may disclose non-public personal information about you to companies that assist us in servicing your account.
In certain circumstances, in order to comply with government requirements or court orders, we are required to disclose information about you or your transactions. We will do this only when required by law, regulation or court order. We share only the information required.
HOW TO LIMIT SOLICITATIONS
From time to time, we or our affiliates or partners may call or write to tell you about products or services that we think may be of interest to you. You may tell us not to market products or services to you through telemarketing or direct mail marketing and not to provide your information to our affiliates or partners for marketing purposes by submitting a "no solicitation" request. You may, however, continue to receive promotional information in account related notices or other business purpose communications, including electronic announcements. If you choose not to receive direct mail or telephone solicitations, please write to Customer Service at 7 Corporate Park Ste 100 Irvine, CA 92606 and request that we do not solicit you through, or provide information about you to financial partners for telemarketing or direct mail marketing.
PROTECTING YOUR INFORMATION ON THE INTERNET
We are committed to protecting your privacy online. Our privacy policy applies in its entirety to your Internet and PC transactions.
CONFIDENTIALITY AND SECURITY
Member Personal and Financial Information is private and passed through a highly secured state-of-the-art SSL (Secured Socket Line). Our system is security focused that requires the leading 128-bit SSL certificates and Web sites solutions, Secure Site Services provide you with all of the authentication and encryption power. We restrict access to non-public personal information about you to those employees who need to know that information to complete transactions or to provide products and services to you. We maintain physical, electronic, and procedural safeguards to protect your information.
CLOSED OR INACTIVE ACCOUNTS
We will continue to adhere to the privacy policies and practices described in this notice even after your account is closed or becomes inactive.
TO CHANGE YOUR ELECTION
If you would like to change a previous decision to limit direct marketing or sharing of non-public personal information please call the toll-free number on the back of your Card, or write us at the address listed above.
ADDITIONAL RIGHTS AND MODIFICATIONS
You may have other privacy protections under state laws, and we will comply with applicable state laws when we share information about you. We may amend this privacy notice at any time, and we will inform you of changes as required by law.
CARDHOLDER FEES - CONSUMER
ONE WORLD UNITED PREPAID MASTERCARD® CARD
| MONTHLY FEE |
$7.50 |
| CANCELLATION FEE |
$5.00 |
| REWARDS PROGRAM ENROLLMENT |
FREE |
| REWARDS PROGRAM MONTHLY FEE |
FREE |
| DORMANCY FEE |
$4.00 |
|
ATM - UNITED STATES |
| WITHDRAWAL |
$1.50 |
| DECLINE |
$1.00 |
| BALANCE INQUIRY |
$1.00 |
|
ATM - OUTSIDE UNITED STATES |
| WITHDRAWAL |
$3.50 |
| DECLINE |
$3.25 |
| BALANCE INQUIRY |
$3.25 |
|
POINT OF SALE — UNITED STATES |
|
POINT OF SALE SIGNATURE TRANSACTION |
FREE |
| POINT OF SALE PIN TRANSACTION |
$ 0.75 |
| POINT OF SALE DECLINE FEE |
$ 0.45 |
| POINT OF SALE RETURN |
$ 0.80 |
|
POINT OF SALE - OUTSIDE UNITED STATES |
| POINT OF SALE SIGNATURE TRANSACTION |
FREE |
| POINT OF SALE PIN TRANSACTION |
$1.75 |
| POINT OF SALE DECLINE FEE |
$1.25 |
| POINT OF SALE RETURN |
$1.50 |
| |
| PIN CHANGE |
FREE |
| AUTOMATED TELEPHONE (U.S.) |
FREE |
| OPERATOR ASSISTED (U.S.) |
FREE |
| AUTOMATED TELEPHONE |
FREE |
| OPERATOR ASSISTED |
FREE |
| OVER LIMIT FEE |
$15.00 |
| CASH ADVANCE |
2% |
| WEBSITE LOG IN |
FREE |
| PERIODIC STATEMENT (MAILED - BY REQUEST) |
$1.50 |
| ONLINE STATEMENTS |
FREE |
| CONVENIENCE CHECK |
$1.50 |
|
LOAD CARD |
| MONEYGRAM (CASH ONLY — U. S. ONLY) |
$5.95 |
| ACE CASH EXPRESS (CASH ONLY -U.S. ONLY) |
$4.95 |
| WESTERN UNION (CASH ONLY — U.S. ONLY) |
$4.45 |
| DIRECT DEPOSIT |
FREE |
| ELECTRONIC CHECK |
$1.00 |
| - (TEN (10) BUSINESS DAY HOLD) |
|
| POSTAL MONEY ORDER, CASHIERS CHECK |
$1.00 |
| - (TEN (10) BUSINESS DAY HOLD) |
|
| BANK WIRE* |
$1.00 |
| BANKCHARGE |
|
| EFT (Electronic Fund Transfer) CDN ONLY |
$2.00 |
|
*THESE ORGANIZATIONS MAY HAVE ADDITIONAL FEES. |
ONE WORLD UNITED MERCHANT AGREEMENT
This Agreement is by and between One World United, Inc. ("One World United") and Merchant for the purpose of offering discounted prices to One World United members, as outlined below. Applications to become a One World United Merchant must be submitted to One World United, Inc. by email to merchants@oneworldunited.com or by mail to Approval Division One World United, Inc. 706 1155 Grant Ave., Winnipeg, Manitoba R3M 1Y9.
ONE WORLD UNITED OBLIGATIONS:
1. Exclusivity – One World United, Inc. will only accept up to and not exceeding 25% of the market share in each industry at which point the industry is complete and closed for consideration. We determine our percentage by 25% of the total # of registered businesses from each specific Industry, per city. This exclusivity clause is in effect for local merchants only – does not apply to National Merchant Accounts or Organizations.
A. National Accounts/Organization Exclusivity: Exception will be given to all National Accounts regarding exclusivity clause; National Merchant Accounts and Organizations will be considered a separate identity of local merchant accounts with One World United; acceptance of a national account or organization and its members will not be determined according to the stated exclusivity clause, (25% exclusivity). We will accept up to and not exceeding 25% of the market share locally, however national accounts/organizations are a complete identity of their own. Exclusivity clauses exist between National Accounts and Organizations in relation to each other only. Our 25% exclusivity clause for local merchants (no franchises or multiple locations outside of city) aids in establishing a base of local merchants, eliminating a large portion of their direct competition, while offering them the opportunity to still remain competitive in their industry.
2. Stickers – One World United will provide Merchants with a reasonable supply of stickers or window decals identifying their affiliation with & acceptance of One World United, Inc. membership cards.
Provide promotional advertising as part of One World United’s charity fund-raising efforts.
3. Approvals: One World United will review Applications and determine eligibility according to:
A. Approval of applications shall be in the sole discretion of One World United, and One World United is authorized to decline acceptance of any application as they see fit including based upon the nature of the applicant’s business.
B. Date of Application: Preference will be given, when conflict of interest arises between applications, to the date of submitted application.
C. Merchants will be notified of their eligibility or denial with One World United. Upon approval, merchant will receive a welcome email notifying them of their acceptance. A contractual agreement will be sent to each merchant to sign and return to One World United. Upon return of this signed contract, the merchant’s customized listing will be posted on our website for public access. Immediately following receipt of the contract, the Approvals Division will also contact the merchant to verify their submitted information, including contact information, descriptive paragraph and discount offer.
4.
Complaints: All complaints on behalf of merchants must be submitted in writing to One World United’s Approval Division at merchants@oneworldunited.com or by mail to Approval Division One World United, Inc. 706 1155 Grant Ave., Winnipeg, Manitoba R3M 1Y9. One World United will address complaints lodged against merchants as follows: A. One World United will give verbal notice with initial complaint and will record the complaint including plaintiff, date and verbal notice given in merchant file.
B. One World United will give in writing the second complaint, addressed to merchant with particulars of the complaint.
C. One World United will terminate, in writing, contractual agreement with One World United and Merchant upon third complaint against merchant.
MERCHANT OBLIGATIONS:
5. Merchant agrees to honor One World United member identification cards upon presentation by a member, and to deny any card with an expired date.
6. Discounts. – Merchant agrees to offer discounts to members that are above industry standard and which are exclusive to our members only. There shall be no limitations or restrictions on the frequency in which members choose to redeem their discounts.
7. Conduct of Business: Merchants agree to operate with integrity, maintaining a professional conduct in business when servicing members & representing One World United. Merchants agree to honour any/all discounts posted on their website listing throughout the duration of their one year contract.
8. Category of Merchant: Merchants are required to classify their business for listing purposes, in accordance with the industry code software program, supplied by One World United.
9. Changes to Discount/Deal: Merchants may alter their discount 4 times per year/quarterly basis. Requests for changes must be submitted to the One World United by email at merchants@oneworldunited.com or in writing to One World United, Inc., Approval Division, 706 1155 Grant Ave., Winnipeg, Manitoba., R3M 1Y9. The Division will determine if the discount is accepted and will post this change to the online listing once approved.
TERM AND TERMINATION:
9. One year contract: Merchants must commit to a one year term. This one year term will commence according to date of signed contract.
10. Renewal of contract: This Agreement shall renew automatically for additional one-year periods, unless either of the parties gives thirty (30) days written notice prior to the end of any such period that this Agreement shall not be renewed. Merchants will receive notification that their renewal is approaching 3 months prior to completion of their contract. Merchants wishing to renew their contract must agree to “opt in” for another year (opt in option with contract will be accessible on site). Merchants without electronic capabilities will receive a renewal package by mail, to be signed and returned to One World United prior to termination date of their contract.
11. Termination. One World United shall have the right to terminate this Agreement pursuant to the provisions in paragraph 4 above, or in the event Merchant breaches any of its obligations contained in this Agreement, but only after notice of breach, and the breach has not been cured within fifteen (15) days. The Agreement may be terminated by mutual consent in a writing signed by representatives of both parties.
RETAIL MEMBER SALES:
12. One World United will provide merchants selling retail memberships from storefront locations with a Business Service Centre (back office replicated site) to monitor and track all sales activities throughout the course of their contract. Materials will be supplied, free of charge, to participating merchants. Total sales per month must be submitted in full with documented information for each member sold, to One World United, Inc. Commission sales will be calculated and paid by cheque to merchant according to current One World United policies and procedures and compensation plan. Merchants also qualify for residual income on year two, three and on in regards to renewals of any membership sales from the year prior.
This is the complete understanding and agreement between the parties, and this Agreement supersedes all prior oral or written agreements. All formal disputes shall be resolved by mediation or binding arbitration in Winnipeg, Manitoba.