Common use of Income Claims Clause in Contracts

Income Claims. In their enthusiasm to enroll prospective Market Partners, some Market Partners are occasionally tempted to income claims or earnings representations to demonstrate the inherent power of direct selling. This is counterproductive because new Market Partners may become disappointed very quickly if their results are not as extensive or as rapid as the results others have achieved. At MONAT, we firmly believe that the MONAT income potential is great enough to be highly attractive, without reporting the earnings of others. Moreover, the Federal Trade Commission and several states have laws or regulations that regulate or even prohibit certain types of income claims and testimonials made by persons engaged in direct selling. While Market Partners may believe it beneficial to provide copies of their payment records, or to disclose the earnings of themselves or others, such approaches have legal consequences that can negatively impact MONAT as well as the Market Partner making the claim unless appropriate disclosures required by law are also made contemporaneously with the income claim or earnings representation. Because MONAT Market Partners do not have the data necessary to comply with the legal requirements for making income claims, a Market Partner, when presenting or discussing the MONAT opportunity or Compensation Plan to a prospective Market Partner, may not make income projections, income claims, or disclose his or her MONAT income (including the showing of their MONAT Payment Card records, Back office records, bank statements, or tax records).

Appears in 4 contracts

Samples: Policies and Procedures, Policies and Procedures, Policies and Procedures

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Income Claims. In their enthusiasm to enroll enrol prospective Market Partners, some Market Partners are occasionally tempted to make income claims or earnings representations to demonstrate the inherent power of direct selling. This is counterproductive because new Market Partners may become disappointed very quickly if their results are not as extensive or as rapid as the results others have achieved. At MONAT, MONAT we firmly believe that the MONAT income potential business opportunity is great enough to be highly attractive, attractive without reporting the earnings of others. Average earnings for Market Partners may also vary from country to country and accordingly a Market Partner may not use any earnings statements (including the Company’s US Income Disclosure Statement) prepared by the Company for specific use in one country, in any other country. Moreover, the Federal Trade Commission and several states have laws or regulations that regulate or even prohibit certain types of income claims and testimonials made by persons engaged in direct selling. While while Market Partners may believe it beneficial to provide copies of their payment records, or to disclose the earnings of themselves or others, such approaches have legal consequences that can negatively impact MONAT as well as the Market Partner making the claim unless appropriate disclosures required by law are also made contemporaneously with the income claim or earnings representationclaim. Because MONAT Market Partners do not have the data necessary to comply with the legal requirements for making income claims, a Market Partner, when presenting or discussing the MONAT opportunity or Compensation Plan to a prospective Market Partner, may not make income projections, income claims, or disclose his or her MONAT income (including the showing of their MONAT Payment Card records, Back office records, bank statements, or tax records).

Appears in 2 contracts

Samples: Policies and Procedures, Policies and Procedures

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Income Claims. In their enthusiasm to enroll prospective Market Partners, some Market Partners are occasionally tempted to income claims or earnings representations to demonstrate the inherent power of 12 direct selling. This is counterproductive because new Market Partners may become disappointed very quickly if their results are not as extensive or as rapid as the results others have achieved. At MONAT, we firmly believe that the MONAT income potential is great enough to be highly attractive, without reporting the earnings of others. Moreover, section 55 of the Federal Trade Commission and several states have laws federal Competition Act regulates representations relating to compensation or regulations that regulate or even prohibit certain types of income claims and testimonials made by persons engaged in direct sellinglifestyle, including testimonials. While Market Partners may believe it beneficial to provide copies of their payment records, or to disclose the earnings of themselves or others, such approaches have legal consequences that can negatively impact MONAT as well as the Market Partner making the claim unless appropriate disclosures required accompanied by law are also made contemporaneously with fair, reasonable, and timely disclosure of the income claim or earnings representationMONAT Statement of Typical Participant Earnings. Because MONAT Market Partners do not have the data necessary to comply with the legal requirements for making income claims, a Market Partner, when presenting or discussing the MONAT opportunity or Compensation Plan to a prospective Market Partner, may not make income projections, income claims, or disclose his or her MONAT income (including the showing of their MONAT Payment Card records, Back office records, bank statements, or tax records). MONAT Market Partners will disclose the Statement of Typical Participant Earnings which can be found in the Monat Compensation Plan to all prospective Market Partners.

Appears in 1 contract

Samples: Policies and Procedures

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