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Member/Distributor/Director Application and AgreementIn accordance with the terms and conditions contained in the Independent Member/Distributor/Director Application and Agreement (hereafter collectively “Agreement”), Member/Distributor hereby submits this Agreement to become an LYC Classic Independent Member/Distributor/Director (hereafter Distributor) for LYC Classic (hereafter LYC). 1. Upon acceptance of this Agreement by LYC, Distributor becomes eligible to participate in the selling and distribution of LYC goods and services, to receive commissions in connection with such sales in accordance with LYC terms and conditions of this Agreement, Policies and Procedures and Compensation Plan. 2. Distributor understands that he/she is an independent contractor, not an employee, agent, franchisee, joint venture or partner of LYC. Distributor is wholly responsible for all State and Federal Income Taxes, Sales/Use Taxes, Self-Employment Tax, Unemployment Insurance and state and local licensing where applicable and will hold the Company harmless regarding any liability that may occur by his/her failure to comply. 3. Distributor agrees to abide with all of LYC Policies and Procedures that are hereby incorporated into and made a part of this Agreement. Distributor acknowledges being familiar with and agrees to abide by all of the terms and conditions of the LYC marketing program as currently constituted and as may be amended from time to time by LYC. 4. This Application fee to become an LYC Distributor is a one-time fee and no renewal fees are required. 5. Distributor will not misrepresent LYC in any manner and will make no statements, claims or warranties respecting LYC that are not contained in LYC written material. Distributor agrees to perform all of its obligations under this Agreement in a manner consistent with all applicable laws and regulations and with the principles of good conduct and business ethics in order to protect and enhance the name of the Company, the reputation of the product and the goodwill attached to any trade names or any trademarks in use or hereinafter adopted or used by the Company. 6. Distributor understands that any compensation Distributor receives from LYC is related solely to the sale of products and services and that there is no compensation for sponsoring. 7. There is no product purchase necessary to become a Distributor; however, to develop the business and gain product knowledge, LYC recommends that Distributor elects to purchase products, literature, and/or services from the Company. 8. Distributor will not assign, sell or otherwise convey to any other person or entity any of the rights, privileges or interests as an LYC Distributor without the prior written consent of LYC. 9. Distributor, as an active and involved member of LYC, will provide follow-up support, encouragement and service to all of his/her customers and to personally sponsored Distributors. 10. This Agreement shall be governed by the laws of the state of California and all claims, disputes or other matters between the parties shall be brought in the federal courts of San Joaquin County, California. 11. By entering the Social Security or Federal ID number, Distributor is certifying that the number shown on this form is the Distributor’s correct taxpayer identification number. 12. Distributor shall be entitled to cancel participation in the marketing/compensation program at any time and for any reason upon written notice to the company. Upon notification of cancellation or termination, the company will repurchase any products in accordance to the policies stated in the current LYC Policies and Procedures. 13. Distributor agrees not to use proprietary trade names, trademarks, or other property of LYC without the prior written consent of LYC. 14. Distributor understands that LYC may amend this Agreement, the rules and regulations, prices for product, company literature and/or the Compensation Plan without prior notice, at any time, effective upon publication or transmittal of such amendment in official Company publication, literature or voice mail, as applicable. 15. Distributor understands that he/she must comply with the U.S. Federal Regulation laws as well as LYC’s Policies and Procedures regarding the use of the Internet. Distributor understands that what is commonly known as “spamming” is prohibited. Distributor may cancel this transaction, without any penalty or obligation, within three (3) business days from the date of transaction. Upon cancellation, any property traded in, any payments made by Distributor under the contract or sale will be returned within ten (10) business days following receipt by Company of the cancellation notice and the return of goods.
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LYC Classic is registered to Yee Olde Electronics, Inc.