Are you “Prepared” to do business in the United States?
Posted 3rd July 2016 at 11:08 AM by Tim Franklin
There are many rules and rules of law that make up policies that are put in place to protect consumers from fraud and often criminal actions taken by sellers of business opportunities.
For the most part, many of these (Business Opportunity Sellers) are not intentionally trying to defraud the public however sometimes it happens that they may not understand what is required.
This is a huge issue for the internet businessman or business person that wishes to buy a product or business opportunity that involves the required stocking of inventory in order to effectively compete in a valid business opportunity.
Digitally speaking, product that stocks your shelves can be printed materials, videos, templates, and or any other required product that is also required to do business and compete in the marketplace.
source.
The TSR requires that if the seller or telemarketer makes a representation about a refund, cancellation, exchange, or repurchase policy, it must provide the purchaser with a statement of all material terms and conditions of its policy.346 Requiring the disclosure of all material terms of a refund or cancellation policy most effectively accomplishes the Commission’s stated purpose of ensuring that potential purchasers are provided with information that would assist them in assessing the financial risk associated with the offer.
Indeed, the commentary to the IPBOR indicates that the Commission, in fact, intended to require sellers to disclose all material terms of refund and repayment policies to prospective purchasers.347
Therefore, upon consideration of the record, the Commission adopts the staff’s recommendation.
Accordingly, the penultimate sentence of § 437.3(a)(4) of the final Rule has been clarified to read: ‘‘If so, state all material terms and conditions of the refund or cancellation policy in an attachment to the disclosure document.’’ As discussed in Section III.A.9., the final Rule includes a definition of ‘‘material’’ similar to the definition used in the TSR. Specifically, § 437.1(i) defines, in relevant part, ‘‘material’’ to mean ‘‘likely to affect a person’s choice of, or conduct regarding, goods or services.’’ Examples of material terms and conditions may include, for example, the period of time the purchaser has to cancel a purchase or request a refund; the specific steps necessary to cancel a purchase or request a refund; any fees or penalties incurred for cancellation; and where unused inventory must be returned to and by what method. The Commission declines to enumerate in the final Rule what terms are material, as materiality may vary depending on the circumstances of the opportunity and the refund or cancellation policy.
e. Section 437.3(a)(5): References
https://www.ftc.gov/news-events/pres...king-work-home
Now don’t think for a moment that the commission used these words as an example no not at all that would be a big error.
Looking at the whole of the statement above, inventory should jump out at you more so if you are doing business with Viddyoze.com
Perhaps these well meaning marketers just did not understand what was required to do business in the U.S.
however I cannot afford to be so obliging as it appears that this is in fact a business opportunity and the template club is your inventory.
There is a lot more, it is something that will make you sit up and begin to consider just how legal many of these (Product and Product Launches) actually are and how failure to comply might have an adverse effect on your business.
No one in their right minds would willingly engage in a business opportunity selling videos to businesses would do so without an agreement holding you the business seller harmless, (they call this a release) so it is and should be no surprise that any business opportunity that is selling you on a business would omit that needed document, (if you are selling videos) you must have a distribution agreement.
You must have this in writing from the Seller offering that business opportunity, you in turn must provide that same duty to your buyer or clients that purchases a video product from you.
The implications here are astounding and frightening but it does not have to be that way, we will be updating this soon with additional information including video audio and written text, all free of charge with no affiliate offers no inducement to purchase anything ever, its free.
Check back we will have more for you soon.
For the most part, many of these (Business Opportunity Sellers) are not intentionally trying to defraud the public however sometimes it happens that they may not understand what is required.
This is a huge issue for the internet businessman or business person that wishes to buy a product or business opportunity that involves the required stocking of inventory in order to effectively compete in a valid business opportunity.
Quote:
The following is a statement by the FTC Commission which involves business opportunities that require buyers to purchase a product that directly involves stocking your shelves with product that will later be converted into a sub licensed and or sub contracted product.
source.
The TSR requires that if the seller or telemarketer makes a representation about a refund, cancellation, exchange, or repurchase policy, it must provide the purchaser with a statement of all material terms and conditions of its policy.346 Requiring the disclosure of all material terms of a refund or cancellation policy most effectively accomplishes the Commission’s stated purpose of ensuring that potential purchasers are provided with information that would assist them in assessing the financial risk associated with the offer.
Indeed, the commentary to the IPBOR indicates that the Commission, in fact, intended to require sellers to disclose all material terms of refund and repayment policies to prospective purchasers.347
Therefore, upon consideration of the record, the Commission adopts the staff’s recommendation.
Accordingly, the penultimate sentence of § 437.3(a)(4) of the final Rule has been clarified to read: ‘‘If so, state all material terms and conditions of the refund or cancellation policy in an attachment to the disclosure document.’’ As discussed in Section III.A.9., the final Rule includes a definition of ‘‘material’’ similar to the definition used in the TSR. Specifically, § 437.1(i) defines, in relevant part, ‘‘material’’ to mean ‘‘likely to affect a person’s choice of, or conduct regarding, goods or services.’’ Examples of material terms and conditions may include, for example, the period of time the purchaser has to cancel a purchase or request a refund; the specific steps necessary to cancel a purchase or request a refund; any fees or penalties incurred for cancellation; and where unused inventory must be returned to and by what method. The Commission declines to enumerate in the final Rule what terms are material, as materiality may vary depending on the circumstances of the opportunity and the refund or cancellation policy.
e. Section 437.3(a)(5): References
https://www.ftc.gov/news-events/pres...king-work-home
Now don’t think for a moment that the commission used these words as an example no not at all that would be a big error.
Looking at the whole of the statement above, inventory should jump out at you more so if you are doing business with Viddyoze.com
Perhaps these well meaning marketers just did not understand what was required to do business in the U.S.
however I cannot afford to be so obliging as it appears that this is in fact a business opportunity and the template club is your inventory.
There is a lot more, it is something that will make you sit up and begin to consider just how legal many of these (Product and Product Launches) actually are and how failure to comply might have an adverse effect on your business.
No one in their right minds would willingly engage in a business opportunity selling videos to businesses would do so without an agreement holding you the business seller harmless, (they call this a release) so it is and should be no surprise that any business opportunity that is selling you on a business would omit that needed document, (if you are selling videos) you must have a distribution agreement.
You must have this in writing from the Seller offering that business opportunity, you in turn must provide that same duty to your buyer or clients that purchases a video product from you.
The implications here are astounding and frightening but it does not have to be that way, we will be updating this soon with additional information including video audio and written text, all free of charge with no affiliate offers no inducement to purchase anything ever, its free.
Check back we will have more for you soon.
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