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Direct Referral Marketing
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DEFINITION OF TERMS
Tracking Centre Owner
A Tracking Centre Owner can be a natural person, corporation, authorized
partnership, or other legal entity. Other than said natural person, all legal documents
for said entity shall be produced. They shall either be attached to the application
forms or submitted within 10 days to the company Headquarters. Thereafter, the
acceptability of said applications shall rest within the sole discretion of the company.
Failure to produce such may cause the applications to be rejected and the
corresponding TCs cancelled. In the event of any changes of Directorships or
Stockholders in said entities, further consent from the company shall apply. A TCO is
not a salary paid employee of GOLDQUEST, but rather a natural person, who merely
refers customers to GOLDQUEST, without any lawful form of control involved; and
is also authorized to present our business concept and/or Purchaser Referral
Compensation Plan.
Referrer or Referring TCO
A referrer or referring TCO is an individual who refers persons or entities to the
GOLDQUEST customer referral programme, which involves the sale of products.
Your referrer is responsible for forwarding to you a TCO Application and Agreement
also referred to as "TCO-APP" and/or a Customer Retail Purchase Order form (also
referred to as "CRPO") and providing you with teaching and training, or referring
you to training conducted by knowledgeable TCOs. We do not recruit you, as you
simply become a purchaser of our products and as such you may refer and train
others to do the same.
Customer
A Customer is a natural person, corporation, authorized partnership, or any other
legal entity, recognized in the country of enforcement, that purchases our products,
who may or may not be a Tracking Centre Owner.
Retail Sale
A retail sale is the result of the business effort of a referral of a TCO, and such sale is
concluded between GOLDQUEST and the referred customer at the GOLDQUEST
Headquarters place of operation. To make a purchase one must complete a Customer
Retail Purchase Order (CRPO) form and submit the appropriate amount as is listed
on the CRPO form with the shipping charges applicable to the country of
enforcement. The amount submitted may be either a "full" or a "partial" payment
according to the choice made by the customer completing the CRPO form. The price
of the "GOLDQUEST" product is comprised of the spot price of gold, plus the
wholesale mark-up, plus the retail mark-up of the company; as listed on the
company's CRPO form. Should the spot price of gold change, the company reserves
the right to change either the price of each product or the amount of gold given for
the purchase price. Such a change would be conducted after careful consideration
and deliberation amongst the GOLDQUEST Board of Directors and the Advisory
Board Council for and on behalf of the TCOs.
Primary Tracking Centre
The Primary Tracking Centre is the Tracking Centre (your - 001 centre) assigned to
the first purchase of a customer who is also an approved TCO. All future referral
business activities of the TCO (inclusive of additional purchases by the TCO of the
Primary Tracking Centre) are to be conducted only under the structure of the
Primary Tracking Centre, and must be conducted under the same name of your
Primary Tracking Centre.
Initial Tracking Centre
The Initial Tracking Centre Structure shall be determined by the number of purchases
made upon the filing of your very first CRPO form. Each purchase shall be limited to
not more than 7 products in a single purchase, thus not exceeding a maximum
allowable total initial placement of 7 TCs. The initial TC structure must also be clarified
by the purchasing TCO via a drawing to accompany the original copies of the
applications. Any further purchases made by the same purchaser or any entity,
wherein it is proven that said purchaser is so connected, shall be subject to the
entire satisfaction of the company. The advice of GOLDQUEST is to start your
business with no more than 3 purchases (and thereby setting up 3 TCs). The
purchaser, by herein implied consent, shall hold GOLDQUEST harmless, purchasing
at his own risk, should he/she begin his/her business with more than 3 purchases
(comprising of 3 TCs), because it is not sound practice from the point of view of
networking principles to purchase more than three. Furthermore, it would not be in
the best interest of the individual purchaser or the entire Network.
Unqualified Tracking Centre
An unqualified Tracking Centre (UTC) is a TC placed at the request of a qualified TCO
that does not have an accompanying CRPO form and payment. At any one time the
TCO is only allowed to have one UTC in his/her structure provided that the Primary
TC is qualified before any other TCs or UTCs are placed thereunder. All UTCs shall
naturally not earn commissions until qualified as herein defined.
A UTC shall hold its status as such for no more than 60 days from the date of filing
unless duly qualified with a purchase as herein defined. Once the status is lost, in the
case of said UTC being 001, said TC will be cancelled and removed from the tree.
Should said TCO desire to re-enter the Network, he may do so only under the same
referrer (in the same customer group) or wait 6 months for re-entry if re-entering
under a different referrer.
In the case of said UTC being TC numbered 002 or higher, said TC shall be cancelled
and removed from the tree and the respective downline moved up to the next valid
TC or UTC. In the case of said TC having downlines in both customer groups (left
and right) said UTC shall remain in its location in the tree and shall be cancelled with
no chance of being revived.
Extension Numbers
Extension Numbers are number designations that identify any additional Tracking
Centres you acquire by making multiple or additional purchases and are placed within
your network structure. They are sequentially numbered: 001, 002, 003, etc.
Placements
Placement is the location of a new TCO in the network and shall be determined by
the referring TCO. Placement of an additional TC by a TCO shall be determined only
by the TCO making the purchase and must be made under the structure of said
TCO's Primary (001) TC. Unless the referring TCO's placement instruction is
honored by GQI, rearrangement of any initial or subsequent computer placement
shall be prohibited.
In the case of where there are already other TCOs or TCs where a new TCO is
requested to be placed by the referring TCO, said new TCO shall be transferred
further downline in the same leg and on the same side of the last TC placement in
that customer group.
The original referring TCO shall have the option of first right of refusal to purchase
any existing TC offered for sale beneath him in his tree or Network.
Persons in the same household may have the same referring TCO and may also refer
each other. This includes spouses and children. Any CRPO or TCO application by a
minor (as per the local laws of your country of residence) must be signed as
concurred by their parent or lawful guardian.
Flushing or Zeroing Out
Flushing describes the process whereby accumulated sales are brought to a zero
count in the counter of a particular TC when the sales of the other or balancing
customer group reaches a certain number of sales as described under the "Rules of
Flushing".
Counter
A Counter is the section in the computer that accumulates all the sales in the
structure below the TC. Each TC has two counters.
Flexible Tracking Centre
A Flexible Tracking Centre is a TC that can be inserted anywhere in a structure below
the initial number one TC of the respective TCO who is placing the Flexible TC; such
can be placed pursuant to the Rules of Flexible Placement.
Customer Response Team
The Customer Response Team (CRT) is a group of customer service professionals in
the company trained to assist you regarding any challenges or obstructions
preventing and impeding you as a TCO from successfully proceeding with your
networking or business affairs.
The Company
Means GOLDQUEST International Ltd. registered at the British Virgin Islands and
headquartered at Hong Kong.
Enforcement
Enforcement of these Policies and Procedures shall be at the court of competence
nearest the TCOs address in the country where the said TCO affixed his/her
authorized signature, or his/her company's authorized signature and address, on the
application forms headed "Tracking Centre Owner Application Form" (TCO-APP)
and/or Customer Retail Purchase Order Form" (CRPO).
Qualified Centre
A Qualified Tracking Centre is a TC, which is qualified by way of a purchase of
product with a CRPO form submitted together with the payment. Only qualified TCs
may earn referral commissions.
Alamak Internet is an
Independent Representative
of Gold Quest International
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