TERMS & CONDITIONS

The purpose of the following Terms and Conditions is to facilitate trading among customers by promoting a system of good business practice and understanding of all guidelines set forth for all trade exchanges by the International Reciprocal Trade Association (IRTA)

1
Customers are advised that transactions involving Trade Dollars are treated as taxable income for federal, state, and local tax purposes. Clients should seek professional tax advice. Fines imposed by the IRS to Barter Network for invalid TIN or Company Names will be transferred to the customer.
2.1
Customers’ monthly statement will be considered accurate as printed unless the Barter Network  accounting  department  is  notified  in  writing  of  any discrepancy  by  the  14th  of  the  month  in  which  the  statement  is  received. Customer agrees to pay all fees on time. Statements are due upon receipt & considered late by the close of the following month.
2.2
Customer authorizes all cash fees incurred to be charged to the credit card on file on the 12th of the month following the close of the statement. In the event the
12th falls on a weekend or scheduled Holiday, the credit cards will be charged on the closest business day prior.
2.3
If the customer’s cash fees are 30 days past due, all trading will be suspended until the account balance is paid and or a new valid credit card is supplied to Barter Network. For each month your account remains past due, a $15.00 cash late fee will be imposed.
2.4
A $30.00 cash charge will be applied to your account in the event of a returned check or a credit card that proves to be invalid, expired, or declined.
3
Barter Network is not responsible for lost or misdirected mail.
4
All Trade transactions are entered into on a voluntary basis between buyer and seller, although Barter Network may give referrals as a service provided to its customers. Barter Network assumes no responsibility for the quality, timely delivery, warranty or dispute of any nature between customers with regard to any product or service being traded. Customers should exercise the same due diligence entering into trade transactions as everyday cash transactions. As classified by the IRS Internal Revenue Service, Barter Network is functioning in a brokerage capacity and customer does hereby indemnify and hold Barter Network  harmless  with  respect  to  any  claim,  debt  or  liability whatsover, arising out of any trade exchange transaction wherein client is a buyer or seller.
5
Barter Network will only be responsible for commitments made in writing and signed by authorized Barter Network officers.
6
Barter Network may from time to time modify these Terms and Conditions with or without notification, which are deemed in the best interest of the customer base. Retention and use of the Barter Network Trade Card constitutes acceptance of this agreement with all the terms and conditions as a customer of Barter Network.
7
Customers may place their account on “Standby”(not selling) by notifying the Barter Network office under the following conditions: A) Customer’s trade account must not be in the deficit position. Customers must give notice in writing to their Barter Network Trade Broker.
8
All faxed materials regarding any and all transactions, signed by a customer, are legally binding.
9.1
To receive credit  (payment)  for all transactions the seller must:  A)  Obtain the Buyer’s account number & company name. This is obtained from the Barter Network Card.  B)  Obtain an authorization number from Barter Network on each and every transaction C) To prevent any discrepancies in your trans- action, obtain either a signed company’s invoice or a signed Barter Network's authorization form.
9.2
The primary cardholder on each account is responsible for all transactions that occur with any other cards issued on the same account. It is also understood that all cardholders will have access to the primary’s account information.
10
Customer certifies that the information that is provided to Barter Network in this application is true and correct. Customer hereby authorizes all banks and suppliers listed in this application to release information necessary to assist Barter Network in the establishment of a line of credit for customer’s account. In addition, customer authorizes Barter Network to review the customer’s business or personal credit history utilizing one of the national Credit Reporting Bureaus.
11
It is at the sole discretion of Barter Network to refund any fees.
12
Purchases  made  by  customers  must  be  limited  to  the  amount  of  Barter Network trade dollars in the buyer’s account. Customers will be required to compensate Barter Network in cash on demand for any deficit amount in their trade dollar account resulting form:

1. Purchases made resulting in a balance deficit without alternative loan arrangements.
2. Previous sales being reversed.

13
Barter Network may terminate a customer’s account, and or suspend all trading activity in the event of:

1. Barter Network has received 2 or more complaints on a given customer for either poor performance or  attempting to charge in excess of customers’ normal prices.
2. Customer  has  committed  fraud,  either  toward  other customers or Barter Network.
3. Customer is  charging  cash  and/or  not  following  the contractual agreement with Barter Network.
4. Customer is 90 days past due with their outstanding cash fees.
5. Customers’ trade account is a deficit and refuses to post either products and/or services for repayment.
6. Customer cannot be contacted for a period of 10 days or more via all methods made available to Barter Network, unless the customers’ Trade Broker has been previously notified in writing.
   

14
Barter Network reserves the right to close a customer’s account and take ownership of a positive trade balance if the customer’s cash fees reach 90 days past due, unless alternative arrangements have been agreed upon with an officer of Barter Network.
15
In the event a Barter Network customer wants to close their account, the following actions must occur:

1. All previous commitments to other Barter Network customers must be fulfilled.
2. Barter Network has been notified in writing.
3. Customers with a positive trade balance have 60 days from the receipt of the closing letter to prepay all com- missions and spend their remainder of their trade balance. In the event that the above is not completed, the customers trade balance will be forfeited.  Further collection efforts if necessary will be enforced.
4. Customers with a negative trade balance have 60 days to prepay all commissions and payback the negative trade balance. In the event the negative trade balance is not paid in the required time, the customer will be invoiced in cash.

16
In the event this obligation is referred to an attorney or outside collection agency, with or without suit, customer agrees to pay all attorney fees and costs.
17
Barter Network shall continue to solicit new businesses offering products and services to satisfy the needs of all customers. Because of high demand and short supply, certain items may be available on a limited basis only. Barter Network is committed to provide only those products or services actually available in the exchange network.
18
Customers recognize and grant to Barter Network, and to those having ownership interest in Barter Network the right and power to borrow from the exchange and spend within the exchange network. Such borrowing will be sufficiently collateralized by specifically pledged assets to the system pursuant to the guidelines established and imposed by the International Reciprocal Trade Association.
19
Barter Network trade dollars shall not be considered a legal tender, securities, or commodities by either Barter Network or our customers, and may not be redeemed for cash from Barter Network.
20
Customers will sell their products and/or services for their prevailing prices for 100% Barter Network trade dollars to other customers in good standing. If a selling client receives part cash for any transaction, Barter Network is entitled to 13% in cash on that portion of the transaction from the seller.
(This excludes sales tax, gratuities and shipping costs)  Barter Network may at its’ discretion suspend or terminate a customer’s account for soliciting cash from a buyer.
21
Direct Trades: Direct trades between clients to avoid commission fees are PROHIBITED. If consumated, these trades are subject to commission fees, and at the discretion of Barter Network, termination and/or suspension may occur with all parties involved.

WARRANTY