When you sign up for a new credit card, you know that there is a 5 or 6 page document full of terms and conditions, legal jargon, and technical “talk”, somewhere in the intro pack. The same is true, but to an even greater extent, when you take out an insurance policy. In fact, almost anything you buy, use, or pay money for will come with a list of policies and procedures you must adhere to.
In reality, we rarely pay any attention to these. We assume that these documents are just a legal necessity, and probably won’t ever apply to us. Hence we happily sign our names at the bottom of the form, confident that we are doing the right thing.
Interestingly, this is no different for this type of business opportunity. Anyone who has signed up for such a project – whether it be online or in real life – has probably inadvertently sideswiped the issue, and just signed the joining documents anyway. After all, who has time to read 40 or 50 pages of technical, legal jargon?
Well, having read this article to the end, you may be persuaded to give the manual and any accompanying documents a decent review before you rush in to ventures of this nature in the future. Why? Here are some things you probably didn’t realize about the contracts you will be signing.
– You can still be fired!
Just because you are responsible for the activities in your network marketing business, there is no immunity from getting the boot. Deep within the terms and conditions of most businesses of this type is a clause informing you that if the business provider you signed up with doesn’t like your sales tactics, business outlook, or even your business model – you can promptly be “excluded” from the program.
Harsh? Maybe, but then again the opportunity provider does need to protect itself.
– There are regulations on marketing techniques.
If you thought that the task of marketing products was a free-for-all activity, think again. Network marketing business providers have very strict regulations of the ways in which you are able to publicize and advertise their products. Getting caught with a campaign that breaks the rules will almost certainly result in your partnership being terminated.
– ALL consumer laws still apply.
If your jurisdiction has laws governing the sale of products to the public (which all of them do), you will need to adhere to these regulations as well as the ones imposed by the opportunity provider. Once again, failure to do so could result in termination of your contract – and even legal action if the breach is serious enough.
As you have probably picked up on by now, the policies and clauses in the terms & conditions manual are heavily slanted in the business providers’ favour. To ensure that you don’t wind up breaching the contract you may be about to sign, take these documents away and run through them with a lawyer or professional.
This way, you can work to eliminate any legal risks you may face, before you have the liability slapped upon you unexpectedly. Yes, this will cost you money, however it may also protect you from losing larger amounts of money in the future.