Last Updated: January 15, 2025
This Affiliate User Agreement ("Agreement") is between the undersigned Applicant ("You" or "Affiliate") and Web3 Matrix ("Company," "we," or "us"), effective under the terms and conditions below.
1. Application and Authorization
You hereby apply for authorization as an Affiliate in Web3 Matrix's network marketing program. For a period of 21 days from the submission of this application, or until such time as Web3 Matrix notifies you of this application's acceptance or rejection, you are provisionally authorized as an Affiliate and granted the rights to promote Web3 Matrix products and services. Web3 Matrix reserves the right to accept or reject any application for any reason.
Upon acceptance, you are authorized as an Affiliate for one calendar year. The Company reserves the right to terminate this Agreement at any time if it elects to: (1) cease business operations; (2) dissolve as a business entity; or (3) terminate distribution of its products and/or services via direct selling channels. The Company may also terminate this Agreement at any time upon not less than 7 days' notice if you breach this Agreement and fail to remedy the breach before the end of the notice period.
2. Binding Agreements
You have read and agree to be bound by the terms of this Agreement, the Web3 Matrix Compensation Plan, Policies & Procedures, Income Disclaimer, Terms of Use, and Privacy Policy, all of which are incorporated herein by reference. The Company reserves the right to change these documents at any time in its sole discretion, and you agree to be bound by such changes.
3. Independent Contractor Status
You are an independent contractor and not an agent, employee, or legal representative of your sponsor or Web3 Matrix. You will not represent yourself as such. You have no power to bind the Company to any obligation. You are responsible for all applicable income, sales, social security, unemployment, or other taxes, licenses, or fees arising out of your activities hereunder.
4. Intellectual Property
You will not produce, promote, or use materials of any kind describing Web3 Matrix's names, programs, products, and trademarked, copyrighted, or otherwise protected materials except as permitted in the Company's policies.
5. Affiliate Responsibilities
Supervision and Training: You have the duty to supervise and train any Affiliates you may sponsor, as described in the Policies and Procedures.
Honest Representation: You will explain the Web3 Matrix programs honestly and completely. You must make it clear that no earnings are guaranteed, no Affiliate will earn money solely for sponsoring, commissions are based on product and service sales, and there are no exclusive territories.
Compensation: You understand that compensation is only paid for sales of products and services as defined in the Policies and Procedures and the Compensation Plan.
6. Assignment
Any sale or assignment of this Agreement must be approved in writing by Web3 Matrix. Successors in interest or assigns must comply with all program requirements.
7. General Provisions
Legal Age: You acknowledge that you are of legal age and authorized to enter into this Agreement.
Jurisdiction: Venue and jurisdiction for any action pertaining to this Agreement shall be in Broward County, Florida, unless the laws of your state expressly require otherwise. This Agreement shall be governed by the laws of the United States.
No Purchase Necessary: No purchase is necessary to become an Independent Affiliate.
Cancellation: You have the right to cancel this Agreement at any time for any reason.
Non-Compete: You are free to participate in other multilevel marketing ventures, but you may not sell or promote similar or competitive products or services, or any other multilevel marketing opportunity, to Web3 Matrix Affiliates or Customers.
Confidentiality: Web3 Matrix genealogy reports are confidential and proprietary trade secrets. You may not use these reports for any purpose other than to develop your Web3 Matrix business. You must not disclose any information from these reports to a third party or use them to recruit or solicit Web3 Matrix Affiliates or Customers for other ventures.
No Waiver: The Company's failure to exercise any rights or to insist on your strict compliance does not constitute a waiver of its right to require compliance.
Termination for Cause: The Company reserves the right to cancel any Affiliate at any time for cause if the Affiliate violates the terms of this Agreement or the provisions of the Policies & Procedures or Compensation Plan.
8. Taxpayer Identification Number (TIN)
If you are a United States person (including a resident alien), you must provide Web3 Matrix with your correct Taxpayer Identification Number (TIN). For individuals, this is your Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN). For business entities, this is your Employer Identification Number (EIN). Failure to provide a correct TIN will result in backup withholding at the applicable IRS rate on your income over $600. By signing this Agreement, you certify that the TIN you provide is correct and that you are not subject to backup withholding.
9. Data and Communication
Personal Information: You may be required to provide personal information. By signing this Agreement, you consent to Web3 Matrix's collection, use, and disclosure of your personal information in accordance with our Privacy Policy.
Consent to Contact: By registering, you consent for Web3 Matrix to contact you by telephone, email, or text regarding your Affiliate Agreement and related matters.
10. Limitation of Liability and Indemnification
To the maximum extent permitted by law, Web3 Matrix and its affiliates shall not be liable for any consequential or exemplary damages. You agree to release and indemnify Web3 Matrix and its affiliates from all liability arising from or relating to your breach of this Agreement, the operation of your Web3 Matrix business, any incorrect data you provide, or any unauthorized conduct.
11. Web3-Specific Terms
Digital Wallet: You are responsible for maintaining the security of your own digital wallet used in connection with Web3 Matrix. The Company is not responsible for any loss of digital assets.
Blockchain Risks: You acknowledge that blockchain technologies are subject to risks, including but not limited to, network congestion, software bugs, and regulatory changes. The Company is not liable for any losses arising from these risks.
No Cash Value: Travel Savings Dollars, MatrixPower™, and other rewards are not currency, have no cash value, and cannot be exchanged for cash.
Last Updated: January 2025