Iredell-LETS Membership Agreement
Iredell-LETS is a non-profit organization managed by a working group made up of members. Iredell-LETS provides a service which allows members to exchange information to facilitate trading and maintain such records of that trading as members request.
1. A "BAT$" is a symbol of community currency transferred between members. Members shall be willing to trade in BAT$.
2. Iredell-LETS will transfer BAT$ from one members account to that of another only on the authority of the member making the payment.
3. Iredell-LETS is authorized to levy charges on member accounts in BAT$ at a rate determined by Iredell-LETS.
4. Iredell-LETS may decline a transaction or a membership it considers inappropriate.
5. Accountability of taxes incurred by members is the obligation of those involved in an exchange. Iredell-LETS has no obligation nor liability to report to any Federal or State Department of Taxation nor collect taxes on their behalf.
6. No warranty or undertaking as to the value, condition, or quality of the items exchanged is expressed or implied by the virtue of introduction of members to one another.
7. While all information on members accounts except balance and turnover is considered personal and confidential, Iredell-LETS cannot guarantee confidentiality nor be held liable for breach of it. A member may know the balance and turnover of another member.
8. Iredell-LETS may act on behalf of members in seeking satisfaction from a member whose account is heavily out of balance.
9. All transactions between members are the sole responsibility of those members and no liability to the members of any nature shall be incurred Iredell-LETS in respect of such a transaction.
10. Iredell-LETS requests that members make every reasonable effort to bring their account to a zero balance before leaving the system.
11. No member shall be entitled to claim for any loss, damage or injury suffered by any other member and Iredell-LETS expressly disclaims such liability.
PLEASE READ THESE CONDITIONS CAREFULLY BEFORE JOINING Iredell-LETS
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