English 

Policy & Procedures

 

These Policies and Procedures hereby governs the relationship between you, the Ambassador (“you”, “client”, or the “Ambassador”), and us, iBuumerang (“iBuumerang” or the “Company”). You agree to adhere to the Policies and Procedures set forth in this agreement.

 

The website is owned and operated by: iBuumerang LLC., Registered Address: 3033 Chimney Rock Road, Suite 516., Houston, TX 77056.

 

SECTION 1 – CODE OF ETHICS

 

iBuumerang (hereafter “iBuumerang” or the “Company”) has made a commitment to provide the finest direct sales experience backed by impeccable service to its Ambassadors and customers. In turn, the Company expects iBuumerang Ambassadors to reflect that image in their relationships with customers and fellow Ambassadors.
As an iBuumerang Ambassador you are expected to operate your business according to the highest standards of integrity and fair practice in your role as an iBuumerang Ambassador. Failure to comply with the Code of Ethics can result termination of your status as an iBuumerang Ambassador. The Code of Ethics, therefore, states:
 

As an Independent Ambassador:

 

  • I will conduct my business in an honest, ethical manner always.
  • I will make no representation about savings available at specific hotels, resorts or rental car companies, nor will I mention any hotels, resorts or rental car companies by name when showing comparisons – either live or by screen shots or any type of recording.
  • I will make no representations about the income benefits of being an Ambassador with iBuumerang or the benefits of the iBuumerang products other than those contained in officially approved Company literature.
  • I will provide support and encouragement to my customers and other Ambassadors to ensure that their experience with iBuumerang is a successful one.
  • I will motivate and actively work with Ambassadors in my downline organization to help them build their iBuumerang business. I understand that that this support is critical to each Ambassador’s success with iBuumerang.
  • I will refrain from making income claims, exaggerating my personal income or the income potential in general and will stress to Ambassador candidates the level of effort and commitment required to succeed in the business.
  • I will not abuse the goodwill of my association with iBuumerang to further or promote other business interests (particularly those which may be competitive to iBuumerang) without the prior written consent of iBuumerang.
  • I will not make disparaging remarks about other products, services, Ambassadors, or companies; likewise, I will not willfully denigrate the activities or personalities of fellow iBuumerang Ambassadors.
  • I will abide by all the Policies and Procedures of iBuumerang as included herein, or as may be amended from time to time.
  • I will not make any payment(s) or promise to pay any prospective or existing Ambassador in return for such Ambassador’s enrollment, continued enrollment, or team building or recruiting activities with iBuumerang.

 

SECTION 2 – INTRODUCTION

 

2.1 – Policies and Compensation Plan Incorporated into Ambassador Agreement
 

These Policies and Procedures, in their present form and as amended at the sole discretion of iBuumerang, are incorporated into, and form an integral part of, the iBuumerang Ambassador Agreement. Throughout these Policies and Procedures, when the term “Agreement” is used, it collectively refers to the iBuumerang Ambassador Application and Agreement Form, these Policies and Procedures and the iBuumerang Compensation Plan. These documents are incorporated by reference into the iBuumerang Ambassador Agreement (all in their current form and as may be amended by iBuumerang).

 

2.2 – Purpose of Policies


 iBuumerang is a direct sales company that markets products through Independent Ambassadors. Independent Ambassadors have the ability to receive commissions and bonuses by selling iBuumerang products (see iBuumerang Compensation Plan). It is important to understand that your success and the success of your fellow Ambassadors depends on the integrity of those who market our services. To clearly define the relationship that exists between Ambassadors and iBuumerang, and to explicitly set a standard for acceptable business conduct, iBuumerang has established the Agreement. iBuumerang Ambassadors are required to comply with all of the provisions set forth in the Agreement, which iBuumerang may amend at its sole discretion from time to time, as well as with all federal, state and local laws governing their iBuumerang business and their conduct. Because you may be unfamiliar with many of these standards of practice, it is very important that you read and abide by the Agreement. Please review the information in this document carefully. It explains and governs the relationship between you, as an independent contractor, and the Company. If you have any questions regarding any policy or rule, do not hesitate to seek an answer from the iBuumerang corporate office.

 

2.3 – Changes to the Agreement


 Because laws and the business environment periodically change, iBuumerang reserves the right to amend the Agreement, the products offered, the compensation plan, and the prices at the Company’s sole and absolute discretion. By signing the Ambassador Agreement, an Ambassador agrees to abide by all amendments or modifications that iBuumerang elects to make. Amendments shall be effective immediately after publication. The Company shall provide or make available to all Ambassadors a complete copy of the amended provisions by one or more of the following methods: (a) posting on the Company’s official website; (b) electronic mail (email); (c) inclusion in Company periodicals; (d) inclusion with commissions or bonus checks; or (e) special mailings.

 

2.4 – Delays


 iBuumerang shall not be responsible for delays or failures in performance of its obligations when performance is made commercially impracticable due to circumstances beyond its reasonable control. This includes, without limitation, strikes, labor difficulties, riot, war, fire, death, curtailment of a party’s source of supply, government decrees or orders, and acts of God.

 

2.5 – Policies and Provisions Severable


 If any provision of the Agreement, in its current form or as may be amended, is found to be invalid, or unenforceable for any reason, only the invalid portion(s) of the provision shall be severed and the remaining terms and provisions shall remain in full force and effect and shall be construed as if such invalid or unenforceable provision never comprised a part of the Agreement.

 

2.6 – Waiver


 The Company never gives up its right to insist on compliance with the Agreement and with the applicable laws governing the conduct of a business. No failure of iBuumerang to exercise any right or power under the Agreement or to insist upon strict compliance by an Ambassador with any obligation or provision of the Agreement, and no custom or practice of the parties at variance with the terms of the Agreement, shall constitute a waiver of iBuumerang’s right to demand exact compliance with the Agreement. Waiver by iBuumerang can be affected only in writing by an authorized officer of the Company. iB’s waiver of any particular breach by an Ambassador shall not affect or impair iBuumerang’s rights with respect to any subsequent breach, nor shall it affect in any way the rights or obligations of any other Ambassador. Nor shall any delay or omission by iBuumerang to exercise any right arising from a breach affect or impair iBuumerang’s rights as to that or any subsequent breach. The existence of any claim or cause of action of an Ambassador against iBuumerang shall not constitute a defense to iBuumerang’s enforcement of any term or provision of the Agreement.

 

SECTION 3 – BECOMING AN AMBASSADOR

 

3.1 – Requirements to Become an Ambassador


 To become an iBuumerang Ambassador, each applicant must:


3.1.1 – Pay a $49.95 Ambassador Enrollment Fee;
3.1.2 – Be at least 18 years of age;
3.1.3 – Reside in any of the countries that are not listed in or country ‘Banned List’;
3.1.4 – Have a valid Social Security or Tax ID number; or other accepted forms of Governmental ID’s;
3.1.5 – Accept and comply with iBuumerang’s TSA’s Terms and Conditions as well as Policies and Procedures; and
 3.1.6 – Pay the annual $40.00 renewal fee.


 The Company reserves the right to reject any applications for a new Ambassador or applications for renewal. No product purchase is required to become a new Ambassador.

 

3.2 – Ambassador Benefits


 Once the Ambassador Application and Agreement have been accepted by iBuumerang, the following benefits are available to the new Ambassador:

  • Market and sell iBuumerang products;
  • Participate in the iBuumerang Compensation Plan (receive bonuses and commissions, if eligible);
  • Enroll other individuals as Ambassadors into the iBuumerang business and thereby, build a marketing organization and progress through iBuumerang Compensation Plan;
  • Receive periodic iBuumerang literature and other iBuumerang communications;
  • Participate in iBuumerang–sponsored support, service, training, motivational and recognition functions, upon payment of appropriate charges, if applicable; and
  • Participate in promotional incentives and programs sponsored by iBuumerang for its Ambassadors.

 

 

SECTION 4 – OPERATING AN iBuumerang BUSINESS

 

4.1 – Adherence to the iBuumerang Compensation Plan


Ambassadors must adhere to the terms of the iBuumerang Compensation Plan as set forth in official literature.
 Ambassadors shall not offer the iBuumerang opportunity through, or in combination with, any other system, program or method of marketing other than that specifically set forth in official iBuumerang literature. Ambassadors shall not require or encourage other current or prospective customers or Ambassadors to participate in iBuumerang in any manner that varies from the program as set forth in official iBuumerang literature. Ambassadors shall not require or encourage other current or prospective customers or Ambassadors to execute any agreement or contract other than official iBuumerang agreements and contracts in order to become a iBuumerang Ambassador. Similarly, Ambassadors shall not require or encourage other current or prospective customers or Ambassadors to make any purchase from, or payment to, any individual or other entity to participate in the iBuumerang Compensation Plan other than those purchases or payments identified as recommended or required in official iBuumerang literature.

 

4.2 – Bonus Buying Prohibited


 Bonus buying is strictly and absolutely prohibited. “Bonus buying” includes:


(a) the enrollment of individuals without their knowledge and agreement and/or without execution of an Ambassador Application;
(b) the fraudulent enrollment of an individual as an Ambassador;
(c) the enrollment or attempted enrollment of non–existent individuals as Ambassadors;
(d) the use of a credit card by or on behalf of an Ambassador or customer when the Ambassador or customer is not the account holder of such credit card;
 (e) purchasing iBuumerang products on behalf of another Ambassador, or under another Ambassador’s ID number, to qualify for commissions or bonuses.

 

4.3 – Business Entities


 A Partnership, LLC or Corporation may hold an Ambassador business upon completion of the Ambassador Application form, and providing on that form in the appropriate space, a Federal tax ID number. However, an individual may not participate in or have any beneficial interest in more than one (1) Ambassador business of any kind. The person signing the application on behalf of a business entity must have the authority of said entity for entering into the transaction. In addition, by signing for as a business entity, you certify that no person with an interest of debt or equity in the business has had an interest in an Ambassador business with iBuumerang within six (6) months of the date of signature.

 

4.4 – Changes to an iBuumerang Business


4.4.1 – General


 Each Ambassador must immediately notify iBuumerang of all changes to the information contained in his or her Ambassador Application and Agreement. Ambassadors may modify their existing Ambassador Agreement Form by submitting a written request and appropriate supporting documentation. In order to change any TSA information, you will be asked to fill out a TSA Information Change Request Form which can be requested from our Advocacy Crew for review and processing.

 

4.4.2 – Change of Enroller


 To protect the integrity of all marketing organizations and safeguard the hard work of all Ambassadors, iBuumerang does not allow changes in enroller for active Ambassadors. Maintaining the integrity of the enrollmentship is critical for the success of every Ambassador and marketing organization. Accordingly, the transfer of a iBuumerang business from one enroller to another is not permitted.


 Exception – A request for a change in enroller, due to iBuumerang error, will be accepted within 3 days of the submission of the new Ambassador application. There are instances where transfer of ownership of an account will be permitted with appropriate documents filled out. All Ambassadors that are approved for this transfer of ownership will be required to fill out the ‘TSA Transfer of Ownership Form’.

 

4.4.3 – Protecting Sponsor Lines


 An Ambassador may only have a position in one line of sponsorship, and not in two or more. No Ambassador may register a new position in a line other than his/her own downline. Attempts to the contrary will be filtered out and blocked by iBuumerang.

 

4.4.3.1- As a general rule, iBuumerang does not support requests for a change in sponsorship lines. In isolated instances, however, iBuumerang may approve such requests in the interest of the network as a whole – providing all affected enrollers (up to 5 -7 generations up) agree in writing to the requested change (downlines are not required to give their approval). In the event of a change of sponsorship request is examined and approved, (a form from our Advocacy Department named Application Form to Change Sponsor Lines) will be sent to the member requesting the change and all parties affected will be notified.
• only the Ambassador making the request will be placed under a new sponsor (the partner’s downline remains intact in the old line of sponsorship and no downline will be repositioned); or
• under extreme circumstances the entire downline may be repositioned under a new sponsor. Subject to investigation and approved by the Advocacy and Legal Department.
 The Ambassador requesting a change of sponsors will be charged a 50 USD administration fee. The changes will be implemented in the structure within 30 days of approving the changes. When sponsors are changed, all previous activities, accumulated BV points and bonuses will be lost. There will be strict guidelines for the new position not to entice or coerce any of the previous sponsor line to move lines as this will be a direct breach of the Policies and Procedures under the Cross-Recruitment policy. This will result in termination of all accounts associated with this action(s).

 

4.4.4 – Cancellation and Re–application


An Ambassador may legitimately change organizations by:
 1. a) Voluntarily cancelling his or her iBuumerang Agreement and remaining inactive (i.e., no purchases of iBuumerang products; no sales of iBuumerang products; no enrolling; no attendance at any iBuumerang functions, no participation in any other form of Ambassador activity, and no operation of any other iBuumerang business) for 6 full calendar months.


 Following the 6-calendar month period of inactivity, the former Ambassador may reapply under a new enroller. However, the former Ambassador will permanently lose any and all right to their former Ambassador Downline organization. “Downline” shall mean the organization of Independent Ambassadors that enroll and are placed under any Independent Ambassador.

 

4.5 – Unauthorized Claims and Actions


4.5.1 – Indemnification
 

An iBuumerang Ambassador is fully responsible for all of his or her verbal and written statements made regarding iBuumerang products, services, and the Compensation Plan that are not expressly contained in official iBuumerang materials. Ambassadors agree to indemnify iBuumerang and iBuumerang’s directors, officers, employees and agents and hold them harmless from any and all liability, including judgments, civil penalties, refunds, attorney fees, court costs or lost business incurred by iBuumerang as a result of the Ambassador’s unauthorized representations or actions. This provision shall survive the termination of the Ambassador Agreement.

 

4.5.2 – Income Claims and Marketing

 

In their enthusiasm to enroll prospective Ambassadors, some Ambassadors are occasionally tempted to make health claims or income claims or earnings representations to demonstrate the inherent power of network marketing. This is counterproductive because new Ambassadors may become disappointed very quickly if their results are not as extensive or as rapid as the results others have achieved.


 Moreover, the Federal Trade Commission and the States have laws or regulations that regulate or even prohibit certain types of income and health claims and testimonials made by persons engaged in network marketing. While Ambassadors may believe it is beneficial to provide copies of checks, or to disclose their earnings or others, such approaches have legal consequences that can negatively impact iBuumerang as well as the Ambassador making the claim unless appropriate disclosures required by law are also made contemporaneously with the income claim or earnings representation. Because Ambassadors do not have the data necessary to comply with the legal requirements for making income claims, an Ambassador may NOT make income projections, income claims or disclose his or her iBuumerang income (including, but not limited to, the showing of checks, copies of checks, bank statements or tax records).


 When promoting the products and the tremendous opportunity iBuumerang offers, Ambassadors must use only the sales tools and support materials produced by iBuumerang. The Company has carefully designed its products, product labels, Compensation Plan and promotional materials to ensure that they are promoted in a fair, truthful manner; that they are substantiated, and the material complies with the legal requirements of federal and state laws. Accordingly, Ambassadors must not produce their own literature, advertisements, sales tools, promotional materials, Internet Web pages, blogs, and/or social media pages.

 

Examples of Accepted Phrases for Social Media:


 Ex 1: “Hello everyone, please take time to watch this video and get back to me. I just got access to a free website that gives people crazy discounts on travel. My daughter booked 4 nights in Cancun for spring break in the Hilton Hotel for $752. I used the website and paying $252 for the same room, a $500 saving…. Now watch this video, a must see” — NOT APPROVED – you cannot name the hotel in any posts made.

 


 Ex 2: “Hello everyone, please take time to watch this video and get back to me. I just got access to a free website that gives people crazy discounts on travel. My daughter booked 4 nights in Cancun for spring break in a great hotel for $752. I used the website and paying $252 for the same room, a $500 saving…. Now watch this video, a must see” — APPROVED

Ex 3: “$125K Income Potential – Contact me now” – NOT APPROVED
Social Media and use of Company name
 

No use of company name is permitted on any social media platforms for example:
“Ibuumerang Discounts” – NOT APPROVED
“Ibuumerangmakesmoney” – NOT APPROVED (username)
 *All the above examples are intended for example of permitted material and not permitted material.

 

4.5.3 – Claims of Illegal Use


 When promoting iBuumerang products, Ambassadors shall not make any verbal or written statement regarding the use—or potential use—of iBuumerang products for any illegal purpose. This includes, but is not limited to, statements regarding knowledge of the illegal use of iBuumerang products by the Ambassador or any third party, the compatibility of iBuumerang products with any other product known to be used for illegal purposes, or the potential compatibility of iBuumerang products with any other product known or unknown that would facilitate any practice prohibited by law. Ambassadors agree to indemnify iBuumerang and iBuumerang’s directors, officers, employees and agents and hold them harmless from any and all liability, including judgments, civil penalties, refunds, attorney fees, court costs or lost business incurred by iBuumerang as a result of any such statements made by the Ambassador.

 

4.5.4 — Product Claims

 

No representation or sales offers may be made relating to iBuumerang product(s) that is not accurate or truthful as to grade, quality, performance, and availability. Appropriate product information is contained in authorized iBuumerang literature and is subject to periodic review and revision by iBuumerang. It is the Ambassador’s responsibility to obtain and use only current literature and materials. All product representations made by an Ambassador must be the same as those found in current iBuumerang literature.

 

4.6 – Conduct at iBuumerang Corporate Events


4.6.1 – No Selling or Recruiting for Other Companies at iBuumerang Events


iBuumerang Ambassadors shall not sell any products or recruit for any business during iBuumerang events.
 This restriction most specifically applies to sales and recruitment efforts for any other direct sales or marketing program, regardless of the product category, including those that do not compete with iBuumerang’s product line.

 

4.7 – Conflicts of Interest


4.7.1 – Competition Policy


 iBuumerang Ambassadors are free to participate in other multilevel or network marketing business ventures or marketing opportunities (collectively “network marketing”), with the exception of those products in the same generic category as iBuumerang products. Ambassadors may not display iBuumerang products with any other products or services in a fashion that might in any way confuse or mislead a prospective customer or Ambassador into believing there is a relationship between the iBuumerang and non–iBuumerang products or services.

 

 

 

4.7.2 – Non–solicitation


 During the term of this Agreement, Ambassadors may not recruit other iBuumerang Ambassadors or customers for any other network marketing business. Following the cancellation of this Agreement for any reason, and for a period of one year thereafter, a former Ambassador may not recruit any iBuumerang Ambassador or customer for another network marketing business. The Ambassadors and Company recognize that because network marketing is conducted through networks of independent contractors dispersed across the entire United States, and business is commonly conducted via the Internet and telephone, an effort to narrowly limit the geographic scope of this non–solicitation provision would render it wholly ineffective. Therefore, the Ambassadors and Company agree that this non–solicitation provision shall apply to all markets in which iBuumerang conducts business, unless such company is doing business.


 The term “recruit” means actual or attempted solicitation, enrollment, encouragement or effort to influence in any other way, either directly or through a third party, another iBuumerang Ambassador or customer to enroll or participate in another multilevel marketing, network marketing or direct sales opportunity.

 

4.7.3– Downline Activity (Genealogy) Reports


Downline Activity Reports made available for Ambassador access and viewing through iBuumerang’s official website are considered confidential. Ambassador access to their Downline Activity Reports is password protected. All Downline Activity Reports and the information contained therein are confidential and constitute proprietary information and business trade secrets belonging to iBuumerang. Downline Activity Reports are provided to Ambassadors in the strictest of confidence and are made available to Ambassadors for the sole purpose of assisting Ambassadors in working with their respective Downline Organizations in the development of their iBuumerang business. Ambassadors should use their Downline Activity Reports to assist, motivate and train their Downline Ambassadors. The Ambassador and iBuumerang agree that, but for this agreement of confidentiality and nondisclosure, iBuumerang would not provide Downline Activity Reports to the Ambassador. An Ambassador shall not, on his or her own behalf, or on behalf of any other person, partnership, association, corporation or other entity:
Directly or indirectly disclose any information contained in any Downline Activity Report to any third party;
Directly or indirectly disclose the password or other access code to his or her Downline Activity Report;
 Use the information to compete with iBuumerang or for any purpose other than promoting his or her iBuumerang business;


 Recruit or solicit any Ambassador or Customer of iBuumerang listed on any report or in any manner attempt to influence or induce any Ambassador or customer of iBuumerang to alter their business relationship with iBuumerang;


 Use or disclose to any person, partnership, association, corporation or other entity any information contained in any Downline Activity Report.


 Upon demand by the Company, any current or former Ambassador will return the original and all copies of Downline Activity Reports to the Company.

 

4.8 – Cross–Enrolling


 Actual or attempted cross–enrolling is strictly prohibited. “Cross–enrolling” is defined as the enrollment of an individual or entity that is already a current Customer or Ambassador of iBuumerang, or who has had such an agreement within the preceding 6 calendar months, within a different line of enrollmentship. The use of a spouse or relative’s name, a straw man, trade names, assumed names or fictitious ID numbers to circumvent this policy is prohibited. Ambassadors shall not demean, discredit or defame other iBuumerang Ambassadors in an attempt to entice another Ambassador to become part of the first Ambassador’s marketing organization. If a prohibited organization transfer occurs, iBuumerang shall take disciplinary action against the Ambassador(s) who engaged, acquiesced and/or knowingly participated in the improper cross–enrolling. However, it shall be entirely within iBuumerang’s discretion where in the genealogical structure, the cross–enrolled organization in question shall be placed or otherwise distributed.


 Because equities often exist in favor of both Upline organizations, AMBASSADORS WAIVE ANY AND ALL CLAIMS AND CAUSES OF ACTION AGAINST THE COMPANY FOR ITS DECISION REGARDING THE FINAL DISPOSITION OR PLACEMENT OF THE CROSSENROLLED ORGANIZATION. “Upline” shall mean the organization of Independent Ambassadors enrolled and placed above any Independent Ambassador.

 

4.9 – Errors or Questions


 If an Ambassador has questions about or believes any errors have been made regarding commissions, bonuses, Downline Activity Reports, or charges, the Ambassador must notify the iBuumerang Ambassador Support Department at support@iBuumerang.com, in writing, within 5 – 7 days of the date of the purported error or incident in question. iBuumerang will not be responsible for any errors, omissions or problems not reported to the Company within 7 days.

 

4.10 – Sales Aids Optional
 Ambassadors are not required to purchase or carry sales aids. Ambassadors who do so must make his or her own decision regarding these matters. Absolutely no use of the iBuumerang name may be used on marketing materials, including any social media such as Facebook or Instagram. To ensure that Ambassadors are not encumbered with Company Sales Aids, such Sales Aids may be returned to iBuumerang upon the Ambassador’s cancellation pursuant to the terms of Section 8.2.

 

4.11 – Governmental Approval or Endorsement


 No federal or state regulatory agencies or officials approve or endorse any direct selling program. Therefore, Ambassadors shall not represent or imply that iBuumerang or its Compensation Plan have been “approved,” “endorsed” or otherwise sanctioned by any government agency.

 

4.12 – Manipulating Applications or Enrollments


 Ambassadors must not manipulate enrollments of new Ambassadors or customer orders.

 

4.13 – Identification


 All Ambassadors are required to provide their Social Security Number or Federal Tax Identification Number to iBuumerang on the Ambassador Application and Agreement.


 Upon enrollment, the Company will provide a unique Ambassador Identification Number to the Ambassador by which he or she will be identified. This number will be used to place orders and track commissions and bonuses.

 

4.14 – Income Taxes


 Each Ambassador is responsible for paying local, state and federal taxes on any income generated as an Ambassador. Every year, iBuumerang will provide IRS Form 1099 (non–employee compensation) earnings statement to each U.S. resident who (a) had earnings of over $600 in the previous calendar year or (b) made purchases during the previous calendar year in excess of $5,000 wholesale.

 

4.15 – Independent Contractor Status


 Ambassadors are independent contractors and are not purchasers of a franchise or a business opportunity. The agreement between iBuumerang and its Ambassadors does not create an employer/employee relationship, agency, partnership or joint venture between the Company and the Ambassador. Ambassadors shall not be treated as an employee for his or her services or for federal or state tax purposes. All Ambassadors are responsible for paying local, state and federal taxes due from all compensation earned as an Ambassador of the Company. The Ambassador has no authority (expressed or implied) to bind the Company to any obligation. Each Ambassador shall establish his or her own goals, hours, and methods of sale, so long as he or she complies with the terms of the Ambassador Agreement Form, and these Policies and Procedures, and applicable laws.


 The name of iBuumerang and other names as may be adopted by iBuumerang are proprietary trade names, trademarks and service marks of iBuumerang. As such, these marks are of great value to iBuumerang and are supplied to Ambassadors for their use only in an expressly authorized manner. Use of the iBuumerang name on any item not produced by the Company is prohibited except as follows:

 

- Ambassador’s Name
 - Independent iBuumerang Ambassador


 All Ambassadors may list themselves as an “Independent iBuumerang Ambassador” in the residential telephone directory (“white pages”) under their own name. Ambassadors may not place telephone directory display ads in the classified directory (“Yellow Pages”) using iBuumerang’s name or logo.


 Ambassadors may not answer the telephone by saying “iBuumerang” or in any other manner that would lead the caller to believe that he or she has reached the corporate offices of the Company.


 Advertising is not limited to print media; it also includes internet advertising and other forms of advertising. It is prohibited for an Ambassador to use an internet or email address that utilizes the trade name iBuumerang or includes iBuumerang in a portion of the address. It is also prohibited for an Ambassador to use any website materials on a website that references or relates to iBuumerang that is not authorized in writing by iBuumerang It is also prohibited for an Ambassador to place links to unauthorized websites or webpages onto a website or webpage that has been authorized by iBuumerang.

 

4.16 – Insurance

 

4.16.1 – Business Pursuits Coverage


 You may wish to arrange insurance coverage for your business. Your homeowner’s insurance policy may not cover business related injuries or the theft of or damage to your business. Contact your insurance agent to make sure that your business property is protected. This is solely the Ambassadors responsibility to protect their assets or property. Please note insurance coverage is dependent on your provider and we do not provide any advice on insurance products.

 

4.17 – International Marketing


 Because of critical legal and tax considerations, iBuumerang must limit the marketing and enrollment of iBuumerang services and the presentation of the iBuumerang business to prospective customers and Ambassadors located within the 50 United States of America and any other jurisdiction officially opened by iBuumerang. Ambassadors are only authorized to do business in the countries in which has announced are open for business in official Company literature.

 

4.18 – Laws and Ordinances


 Ambassadors shall comply with all federal, state and local laws and regulations in the conduct of their businesses. Many cities and counties have laws regulating certain home–based businesses. In most cases these ordinances are not applicable to Ambassadors because of the nature of their business. However, Ambassadors must obey those laws that do apply to them. If a city or county official tells an Ambassador that an ordinance applies to him or her, the Ambassador shall comply with the law.

 

4.19 – Minors


 Ambassadors shall not enroll or recruit individuals under the age of 18 into the iBuumerang program.

 

4.20 – Actions of Household Members or Affiliated Individuals


 If any member of an Ambassador’s household, family, or other affiliated individual engages in any activity that, if performed by the Ambassador, would violate any provision of the Agreement, such activity will be deemed a violation by the Ambassador and iBuumerang may take disciplinary action pursuant to the Statement of Policies against the Ambassador.

 

4.21 – One iBuumerang Business Per Ambassador and Household Restrictions


 An Ambassador may operate or have an ownership interest in only one business. No individual may have, operate or receive compensation from more than one iBuumerang business. Individuals of the same family unit may enter or have an interest in more than one iBuumerang Business provided a family member acts as the direct enroller of the other. A “family unit” is defined as spouses, domestic partners and dependent children living at or doing business at the same address.

 

An exception to the one–business–per–Ambassador rule will be considered on a case–by–case basis if two existing Ambassadors marry. Requests for exceptions to this policy must be submitted in writing to the Advocacy Department.

 

4.22 – Reserved


4.23 – Requests for Records

Any request from an Ambassador for copies of invoices, agreements, Downline activity reports or other records/reports will require a fee of $1.00 per page per copy. This fee covers the expense of mailing and time required to research files and make copies of the records.


4.24 – Sale, Transfer or Assignment of iBuumerang Business


 4.24.1 – Although a iBuumerang business is a privately owned, independently operated business, the sale, transfer or assignment of an iBuumerang business, and the sale, transfer or assignment of an interest in a Business Entity that owns or operates a iBuumerang Ambassador business, is subject to certain limitations. If an Ambassador wishes to sell his or her iBuumerang business, or interest in a Business Entity that owns or operates a iBuumerang business, the following criteria must be met:


 The selling Ambassador must offer iBuumerang the right of first refusal to purchase the business on the same terms as agreed upon with a third–party buyer. iBuumerang shall have fifteen (15) days from the date of receipt of the written offer from the seller to exercise its right of first refusal.


 The buyer or transferee must become a qualified Ambassador. If the buyer is an active iBuumerang Ambassador, he or she must first terminate his or her IBuumerang business and however the six (6) calendar month waiting period may be waived before acquiring any interest in the new iBuumerang business;


 Before the sale, transfer or assignment can be finalized and approved by iBuumerang, any debt obligations the selling party has with IBuumerang must be satisfied.


 The selling party must be in good standing and not in violation of any of the terms of the Agreement in order to be eligible to sell, transfer or assign a IBuumerang Ambassador business.


 Prior to selling a Business Entity interest, the selling party must notify iBuumerang’s Advocacy Department in writing and advise of his or her intent to sell iBuumerang’s business or Business Entity interest. The selling party must also receive written approval from the Advocacy Department before proceeding with the sale.


 Required Documentation – There are instances where transfer of ownership of an account will be permitted with appropriate documents filled out. All Ambassadors that are approved for this transfer of ownership will be required to fill out the ‘Transfer of Ownership Form’.

 

4.25 – Separation of a iBuumerang Ambassador Business


 In the event of a dissolution of marriage of a iBuumerang Ambassador, and a spouse, arrangements must be made to assure that any division of the business assets is accomplished so as not to adversely affect the interests and income of other businesses up or down the line of enrollership. If the separating parties fail to provide for the best interests of other Ambassadors and the Company, iBuumerang may be forced to involuntarily terminate the Ambassador Agreement.

 

4.25.1 – During the pendency of a divorce or dissolution, the Company shall treat the business according to the status quo as existed prior to the filing of the divorce or dissolution.


 Under no circumstances will the Downline Organization of divorcing spouses be divided. Similarly, under no circumstances will iBuumerang split commission and bonus checks between divorcing spouses. iBuumerang will recognize only one Downline Organization and will issue only one commission check per iBuumerang business per commission cycle. Commission checks shall always be issued to the individual whose name appears on the Ambassador Agreement.

 

 

4.26 – Enrolling


 All active Ambassadors in good standing have the right to enroll others into iBuumerang. Each prospective Ambassador has the ultimate right to choose his or her own enroller. If two Ambassadors claim to be the enroller of the same new Ambassador, the Company shall regard the first application received by the Company as controlling.

 

4.27 – Stacking


 “Stacking” is strictly prohibited. The term “stacking” includes: (a) violating the one–business–per–household rule and/or (b) enrolling fictitious individuals or entities into the iBuumerang Compensation Plan, in an attempt to manipulate the Compensation Plan.

 

4.28 – Telemarketing


 The Federal Trade Commission and the Federal Communications Commission each have laws that restrict telemarketing practices.


Both federal agencies (as well as several states) have “do not call” regulations as part of their telemarketing laws. While you may not consider yourself a “telemarketer” in the traditional sense of the word, these regulations broadly define the term “telemarketer” and “telemarketing” so that your inadvertent action of calling someone whose telephone number is listed on the federal “do not call” registry could cause you to violate the law. Moreover, these regulations must not be taken lightly, as they carry significant penalties (up to $11,000.00 per violation).
 Therefore, Ambassadors must not engage in telemarketing relative to the operation of their iBuumerang businesses. The term “telemarketing” means the placing of one or more telephone calls to an individual or entity to induce the purchase of a iBuumerang product or service, or to recruit them for the iBuumerang opportunity. “Cold calls” made to prospective customers or Ambassadors that promote either iBuumerang’s products or services or the iBuumerang opportunity constitute telemarketing and are prohibited. However, a telephone call(s) placed to a prospective customer or Ambassador (a “prospect”) is permissible under the following situations:

 

If the Ambassador has an established business relationship with the prospect. An “established business relationship” is a relationship between an Ambassador and a prospect based on the prospect’s purchase, rental or lease of goods or services from the Ambassador, or a financial transaction between the prospect and the Ambassador, within the 18 months immediately preceding the date of a telephone call to induce the prospect’s purchase of a product or service.

The prospect’s personal inquiry or application regarding a product or service offered by the Ambassador within the 3 months immediately preceding the date of such a call.


 If the Ambassador receives written and signed permission from the prospect authorizing the Ambassador to call. The authorization must specify the telephone number(s) that the Ambassador is authorized to call.


You may call family members, personal friends and acquaintances. An “acquaintance” is someone with whom you have at least a recent first–hand relationship (i.e., you have recently personally met him or her). Bear in mind, however, that if you make a habit of “card collecting” with everyone you meet and subsequently calling them, the FTC may consider this a form of telemarketing that is not subject to this exemption. Thus, if you engage in calling “acquaintances,” you must make such calls on an occasional basis only and not make this a routine practice.
 In addition, Ambassadors shall not use automatic telephone dialing systems relative to the operation of their iBuumerang businesses. The term “automatic telephone dialing system” means equipment which has the capacity to (a) store or produce telephone numbers to be called using a random or sequential number generator and (b) to dial such numbers.


SECTION 5 – RESPONSIBILITIES OF AMBASSADORS

 

5.1 – Change of Address or Telephone
 To ensure timely delivery of products, support materials and commission checks, it is critically important that iBuumerang’s files are current. Ambassadors planning to move should email iBuumerang corporate office, at support@IBuumerang.com, their new address and telephone numbers. In the alternative, Ambassadors may update their personal information through their iBuumerang Ambassador Backoffice. To guarantee proper delivery, two–weeks advance notice to iBuumerang is recommended on all changes.

 

5.2 – Continuing Development Obligations

 

5.2.1 – Ongoing Training


 Any Ambassador who enrolls another Ambassador into iBuumerang must perform a bona fide assistance and training function to ensure that his or her Downline is properly operating his or her iBuumerang business. Ambassadors must have ongoing contact and communication with the Ambassadors in their Downline Organizations. Examples of such contact and communication may include, but are not limited to, newsletters, written correspondence, personal meetings, telephone contact, voice mail, electronic mail and the accompaniment of Downline Ambassadors to iBuumerang meetings, training sessions, and other functions. Upline Ambassadors are also responsible to motivate and train new Ambassadors in iBuumerang product knowledge, effective sales techniques, the iBuumerang Compensation Plan and compliance with Company Policies and Procedures. Communication with and the training of Downline Ambassadors must not, however, violate Section 4.5.2 (regarding the development of Ambassador–produced sales aids and promotional materials). Ambassadors cannot charge for training.


 Upon request, every Ambassador should be able to provide documented evidence to iBuumerang of his or her ongoing fulfillment of the responsibilities of an enroller.

 

5.2.2 – Increased Training Responsibilities


 As Ambassadors progress through the various levels of leadership, they will become more experienced in sales techniques, product knowledge and understanding of the iBuumerang program. They will be called upon to share this knowledge with lesser–experienced Ambassadors within their organization.

 

5.2.3 – Ongoing Sales Responsibilities


 Regardless of their level of achievement, Ambassadors have an ongoing obligation to continue to personally promote sales through the generation of new customers or Ambassadors and through servicing their existing customers or Ambassadors.

 

5.3 – Non–disparagement


 iBuumerang wants to provide its Ambassadors with the best products, compensation plan and service in the industry. Accordingly, we value your constructive criticisms and comments. All such comments should be submitted in writing to the iBuumerang corporate offices. While iBuumerang welcomes constructive input, negative comments and remarks made in the field by Ambassadors about the Company, its products or Compensation Plan serve no purpose other than to sour the enthusiasm of other iBuumerang Ambassadors. For this reason, and to set the proper example for their Downline, Ambassadors must not disparage, demean or make negative remarks about iBuumerang, other iBuumerang Ambassadors, iBuumerang’s services, the Compensation Plan or iBuumerang’s directors, officers or employees.

 

5.4 – Providing Documentation to Applicants


 Ambassadors must provide the most current version of the Policies and Procedures and the Compensation Plan to individuals whom they are enrolling to become Ambassadors before the applicant signs an Ambassador Agreement. Additional copies of Policies and Procedures can be found on in your business center under the forms section.

 

5.5 – Reporting Policy Violations


 Ambassadors observing a policy violation by another Ambassador should submit a written report of the violation directly to the attention of the iBuumerang Advocacy Department. Details of the incident(s), such as dates, number of occurrences, persons involved and any supporting documentation, should be included in the report.

 

SECTION 6 – SALES REQUIREMENTS

 

6.1 – Product Sales
 

The iBuumerang Compensation Plan is based upon the sale of iBuumerang products to end user consumers. Ambassadors must fulfill personal and Downline organization sales requirements (as well as meet other responsibilities set forth in the Agreement) to be eligible for bonuses, commissions and advancement to higher levels of achievement.

 

6.2 –Sales of iBuumerang products through on–line classifieds or auction sites, such as eBay or craigslist, are prohibited, without the expressed written consent of iBuumerang.

 

6.3 – Territory Restrictions


 There are no exclusive territories granted to anyone. No franchise fees are required.

 

SECTION 7 – BONUSES AND COMMISSIONS

 

7.1 – Bonus and Commission Qualifications
 

An Ambassador must be active and in compliance with the Agreement and these policies to qualify for bonuses and commissions. So long as an Ambassador complies with the terms of the Agreement and these policies, iBuumerang shall pay commissions to such Ambassador in accordance with the Compensation Plan. The minimum amount for which iBuumerang will issue a commission payment is $40.00. If an Ambassador’s bonuses and commissions do not equal or exceed $40.00, the Company will accrue the commissions and bonuses until they total $40.00. Commissions will be issued once $40.00 has been accrued via pay card or direct deposit.

 

7.2 – Commission Payments and Promotions

 

7.2.1 – Payments, Calculations, and Bonuses


 Commissions will be distributed in accordance with the Compensation Plan. Commissions will be calculated according to the level for which an Ambassador actually satisfied all of the requirements according to the Compensation Plan rather than the highest rank or title achieved. Commission reports will be provided to Ambassadors on–line, via web access.

 

7.2.2 – Promotions
 

Promotions are determined based on business organization and sales activity for each applicable period.

 

7.2.3 – Subscription Renewals
 

Ambassadors are responsible to maintain their monthly subscription fee indicated in the dashboard of your iBuumerang account. Your monthly subscription fee will have a default setting to deduct the fee from your E-Wallet. If the E-Wallet does not have funds available or not enough to cover the cost of the monthly subscription the next source of payment indicated in your profile will be deducted. It is the responsibility of the Ambassador to ensure their services are not interrupted or placed in a cancellation setting due to non-payment.
 All Ambassadors will have the option in the back-office labelled “Subscription” located in your My Profile section where you will be able to manage your monthly subscription and payment methods. If this section is not filled out the system is automatically set up with a default option to deduct from your E-Wallet.

 

7.3 – Adjustment to Bonuses and Commissions

 

7.3.1 – Adjustments for Returned Products or chargebacks


 Ambassadors receive bonuses and commissions based on the actual enrollment for services to merchants. When a service is cancelled and refund is authorized by the Company, the bonuses and commissions attributable to the refunded service(s) will be deducted in the month in which the refund is given and continuing every pay period thereafter until the commission is recovered from the Ambassadors who received bonuses and commissions on the sales of the refunded service(s).

 

7.4 – Unclaimed Commissions and Credits

 

7.4.1 – Ambassadors must deposit or cash commission and bonus checks within six months from their date of issuance.
 A check that remains uncashed after six months will be void. There shall be a $25.00 charge for reissuing a check. These charges shall be deducted from the balance owed to the Ambassador.

 

7.5 – Reports


 All information provided by iBuumerang in online or telephonic Downline Activity Reports, including but not limited to personal and group sales volume (or any part thereof), and Downline enrollment activity is believed to be accurate and reliable. Nevertheless, due to various factors, including the inherent possibility of human and mechanical error; the accuracy, completeness and timeliness of orders; denial of credit card and electronic check payments; returned products; and credit card and electronic check charge–backs, the information is not guaranteed by iBuumerang or any persons creating or transmitting the information. All personal and group sales volume information is provided “as is” without warranties, expressed or implied, or representations of any kind whatsoever. In particular, but without limitation, there shall be no warranties of merchantability, fitness for a particular use or non–infringement.


 To the fullest extent permissible under applicable law, iBuumerang and/or other persons creating or transmitting the information will in no event be liable to any Ambassador or anyone else for any direct, indirect, consequential, incidental, special or punitive damages that arise out of the use of or access to personal and group sales volume information (including but not limited to lost profits, bonuses, or commissions, loss of opportunity and damages that may result from inaccuracy, incompleteness, inconvenience, delay or loss of the use of the information), even if iBuumerang or other persons creating or transmitting the information shall have been advised of the possibility of such damages. To the fullest extent permitted by law, iBuumerang or other persons creating or transmitting the information shall have no responsibility or liability to you or anyone else under any tort, contract, negligence, strict liability, products liability or other theory with respect to any subject matter of this agreement or terms and conditions related thereto.


 Access to and use of iBuumerang’s online reporting services and your reliance upon such information is at your own risk. All such information is provided to you “as is.” If you are dissatisfied with the accuracy or quality of the information, your sole and exclusive remedy is to discontinue use of and access to iBuumerang’s online reporting services and your reliance upon the information.

 

7.6 – Sales Contests and Promotions


 From time to time, iBuumerang may run sales contests and promotions. All such contests and promotions are subject to change at the sole discretion of iBuumerang and awards and prizes may be adjusted up or down depending on sales volume during the promotional period.

 

SECTION 8 – RETURNS AND SALES AIDS REPURCHASE

 

8.1 – Retail Sales and Customer Returns


Retail sales to the customer are the foundation of the iBuumerang business. The entire commission structure is based upon volume of retail sales referred by the individual Ambassador as well as their entire organization.
iBuumerang offers all customers a three (3) day full money back guarantee on any travel package. Monthly Ambassador subscription payments are not refundable due to the fact that they are used each month.
 Chargebacks. If an Ambassador charges back any amount, their account will be suspended, and they will be required to refund the money charged back as well as pay a $50.00 USD reinstatement fee.


 NOTE: If an Ambassador returns more than $300.00 in products in any twelve (12) consecutive month period, it shall constitute the Ambassador’s request to cancel his or her Ambassador Agreement. The Company shall deduct from the Ambassador’s subsequent commission checks and/or from the refund paid to the Member any commissions, bonuses, rebates, or other incentives received by the Ambassador that were associated with the returned merchandise.

 

8.2 Sales Aids Repurchase


 Ambassadors may cancel the Agreement within three (3) days of execution and receive a full refund of all Ambassador fees and any voluntary sales aids purchases.


 After the three (3) day rescission period, an Ambassador may still cancel the Agreement and the Ambassador may return any sales aids for a refund. Ambassadors may only return sales aids that he or she personally purchased from iBuumerang (purchases from other Ambassadors or third parties are not subject to refund). Any returned sales aids must be in unused, resalable condition. Sales aids are only available for a refund if the item(s) were purchased by the Ambassador within the year prior to the date of cancellation. Upon Company’s receipt of resalable sales aids and/or inventory, the Ambassador will be reimbursed 90 percent (90%) of the net cost of the original purchase price(s). Shipping charges are not refundable. If the purchases were made through a credit card, the refund will be credited back to the same account.

 

8.2.1 Montana Residents


A Montana resident may cancel his or her Ambassador Agreement within fifteen (15) days from the date of enrollment and may return his or her inventory and/or sales aids for a full refund within such time period.
All product returns or sales aids to be returned for refund under these provisions must be approved in advance of shipment to iBuumerang by emailing the Ambassador Service Department at refunds@ibuumerang.com 

 

SECTION 9 – DISPUTE RESOLUTION AND DISCIPLINARY PROCEEDINGS

 

9.1 – Disciplinary Sanctions


 Violation of the Agreement, these Policies and Procedures or any illegal, fraudulent, deceptive or unethical business conduct by an Ambassador may result, at iBuumerang’s discretion, in one or more of the following corrective measures:

  • Issuance of a written warning or admonition;
  • Requiring the Ambassador to take immediate corrective measures;
  • Imposition of a fine, which may be withheld from bonus and commission checks;
  • Loss of rights to one or more bonus and commission checks;
  • The withholding from an Ambassador of all or part of the Ambassador’s bonuses and commissions during the period that iBuumerang is investigating any conduct allegedly in violation of the Agreement. If an Ambassador’s business is canceled for disciplinary reasons, the Ambassador will not be entitled to recover any commissions withheld during the investigation period;
  • Suspension of the individual’s Ambassador Agreement for one or more pay periods;
  • Involuntary termination of the offender’s Ambassador Agreement;
  • Any other measure expressly allowed within any provision of the Agreement or that iBuumerang deems practicable to implement and appropriate to equitably resolve injuries caused partially or exclusively by the Ambassador’s policy violation or contractual breach; or in situations deemed appropriate by iBuumerang, the Company may institute legal proceedings for monetary and/or equitable relief.

 

9.2 – Grievances and Complaints


 When an Ambassador has a grievance or complaint with another Ambassador regarding any practice or conduct in relationship to their respective iBuumerang businesses, the complaining Ambassador should first report the problem to his or her enroller, who should review the matter and try to resolve it with the other party’s Upline enroller. If the matter cannot be resolved, it must be reported in writing to the Company. The Company will review the facts and determine if a policy violation has occurred and take appropriate action.

 

9.3 – Arbitration


Any controversy or claim arising out of or relating to the Agreement, or the breach thereof, shall be settled by arbitration administered by the American Arbitration Association or other recognized arbitration service, under its Commercial Arbitration Rules, and judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. Ambassadors waive all rights to trial by jury or to any court. All arbitration proceedings shall be held in the County of Collin County, Texas, unless the laws of the state in which an Ambassador resides expressly require the application of its laws, in which case the arbitration shall be held in the capital of that state. All parties shall be entitled to all discovery rights pursuant to the Federal Rules of Civil Procedure. There shall be one arbitrator, an attorney at law, who shall have expertise in business law transactions, with a strong preference being an attorney knowledgeable in the direct selling industry, selected from the panel that the American Arbitration Panel provides. The prevailing party shall be entitled to receive from the losing party, OR each party to the arbitration shall be responsible for its own, costs and expenses of arbitration, including legal and filing fees. The decision of the arbitrator shall be final and binding on the parties and may, if necessary, be reduced to a judgment in any court of competent jurisdiction. This agreement to arbitration shall survive any termination or expiration of the Agreement.
 Nothing in these Policies and Procedures shall prevent iBuumerang from applying to and obtaining from any court having jurisdiction a writ of attachment, a temporary injunction, preliminary injunction, permanent injunction or other relief available to safeguard and protect iBuumerang’s interest prior to, during or following the filing of any arbitration or other proceeding or pending the rendition of a decision or award in connection with any arbitration or other proceeding.

 

9.4 – Governing Law, Jurisdiction and Venue


 Jurisdiction and venue of any matter not subject to arbitration shall reside in Collin County, State of Texas. The Federal Arbitration Act shall govern all matters relating to arbitration. The law of the State of Texas shall govern all other matters relating to or arising from the Agreement.

 

9.4.1 – Louisiana Residents: Notwithstanding the foregoing, Louisiana residents may bring an action against the Company with jurisdiction and venue as provided by Louisiana law.

 

SECTION 10 – INACTIVITY AND CANCELLATION

 

10.1 – Effect of Cancellation


 So long as an Ambassador remains active and complies with the terms of the Ambassador Agreement and these Policies and Procedures, iBuumerang shall pay commissions to such Ambassador in accordance with the Compensation Plan. An Ambassador’s bonuses and commissions constitute the entire consideration for the Ambassador’s efforts in generating sales and all activities related to generating sales (including building a Downline Organization). Following an Ambassador’s termination for inactivity, or voluntary or involuntary termination of his or her Ambassador Agreement (all of these methods are collectively referred to as “termination”), the former Ambassador shall have no right, title, claim or interest to the marketing organization that he or she operated, or any commission or bonus from the sales generated by the organization. An Ambassador whose business is terminated will lose all rights as an Ambassador. This includes the right to sell iBuumerang products and services and the right to receive future commissions, bonuses or other income resulting from the sales and other activities of the Ambassador’s former Downline sales organization. In the event of termination, Ambassadors agree to waive all rights they may have, including but not limited to property rights, to their former Downline organization and to any bonuses, commissions or other remuneration derived from the sales and other activities of his or her former Downline organization.


 Following an Ambassador’s termination of his or her Ambassador Agreement, the former Ambassador shall not hold himself or herself out as a iBuumerang Ambassador. An Ambassador whose Ambassador Agreement is terminated shall receive commissions and bonuses only for the last full pay period he or she was active prior to cancellation (less any amounts withheld during an investigation preceding an involuntary termination).

 

 

10.2 – Involuntary Termination


An Ambassador’s violation of any of the terms of the Agreement, including any amendments that may be made by iBuumerang in its sole discretion, may result in any of the sanctions listed above, including the involuntary termination of his or her Ambassador Agreement. Cancellation shall be effective on the date on which written notice is mailed, faxed or delivered to an express courier to the Ambassador’s last known address (or fax number), or to his or her attorney, or when the Ambassador receives actual notice of termination, whichever occurs first.
 

10.3 – Voluntary Termination


 An Ambassador has a right to cancel, at any time, regardless of reason. Termination must be submitted in writing to the Company at its principal business address. The written notice must include the Ambassador’s signature, printed name, address and Ambassador ID number. Ambassadors who have resigned may re–apply to become an Ambassador with iBuumerang after 6 months. An Ambassador’s position is subject to termination due to inactivity (i.e., merchant enrollments, no commissions, no enrolling; and no attendance at any iBuumerang functions, participation in any other form of Ambassador activity, or operation of any other iBuumerang business) after being inactive for 6 full calendar months.

 

10.4 – Non–Renewal

 

An Ambassador may also voluntarily cancel his or her Ambassador Agreement by failing to maintain the Agreement annually. The Company may also elect not to renew an Ambassador’s Agreement.


10.5– Complete Agreement


 These Policies and Procedures, any and all modifications made by the Company, along with the Terms and Conditions and the Compensation Plan make up the entire agreement between Ambassador and Company. All fees indicated in this agreement are subject to change at any time. Your continued use of your account and the services will be construed as acceptance of the agreements set forth by and with iBummerang.

 

Effective Date: 04/24/2019