Pyramid Schemes Sample Clauses
The Pyramid Schemes clause prohibits participation in or promotion of business models that rely on recruiting new members to generate income, rather than the sale of actual products or services. In practice, this clause applies to agreements where parties might be tempted to engage in multi-level marketing structures that reward recruitment over legitimate sales, thereby preventing deceptive or unsustainable business practices. Its core function is to protect parties from fraudulent schemes and ensure that all business activities are based on genuine commercial transactions rather than exploitative recruitment tactics.
Pyramid Schemes. Use of a fraudulent system of achieving financial gain, which requires an endless stream of recruits for success.
Pyramid Schemes. For the purpose of this Code, pyramid or endless chain schemes shall be considered actionable under this Code. The DSA Code Administrator (appointed pursuant to Section C.1) shall determine whether such pyramid or endless chain schemes constitute a violation of this Code in accordance with applicable federal, state and/or local law or regulation.
Pyramid Schemes. For the purpose of this Code, pyramid or endless chain schemes shall be considered actionable under this Code. The DSA Code Administrator (appointed pursuant to Section C.1) shall determine whether such pyramid or endless chain schemes constitute a violation of this Code in accordance with applicable federal, state and/or local law or regulation. Member companies shall remunerate independent salespeople on the basis of sales of products, including services, purchased by any person for actual use or consumption. Such remuneration may be based on the sales and personal consumption by the independent salespeople and their downlines. Independent salespeople shall not receive earnings for recruiting other participants into a sales system; except that companies may provide independent salespeople with minimal incentives in accordance with the law.
Pyramid Schemes. Not so as to limit the generality of Article , the Associate shall comply with all applicable laws, ordinances, rules and regulations of the United States Federal Trade Commission and Industry Canada. The Associate acknowledges that the business Integrated Media Solutions and the Associate’s relationship, as an independent contractor, with Integrated Media Solutions is not a "pyramid scheme" and that Integrated Media Solutions does not condone such schemes. The Associate covenants that it shall not offer on any Integrated Media Solutions domain or domain linked from a Integrated Media Solutions domain, any service or program whether described as a business opportunity, network marketing opportunity, affiliate or otherwise, that promises revenues merely by recruiting new participants as opposed to engaging in an actual business.