|
|
|
|
|
|
|
ARTICLE I
Name & Definitions
|
|
SECTION 1 - NAME
|
|
|
The name of the organization is the ITEX BROKERS ASSOCIATION.
|
|
SECTION 2 - LOCATION
|
|
|
The principal office of the Association shall be located with the President of the Association.
|
|
SECTION 3 - DEFINITION
|
|
|
A.
|
Company
|
The ITEX Corporation, a Nevada Corporation.
|
|
|
B.
|
Broker
|
A person or entity who is party to one or more IRBAs or FAs or otherwise received a communication of appointment as an ILB, IFB or AD.
|
|
|
C.
|
ILB
|
ITEX Licensed Broker
|
|
|
D.
|
IFB
|
ITEX Franchise Broker
|
|
|
E.
|
AD
|
Area Director
|
|
|
F.
|
IRBAs
|
Independent Retail Brokers Agreement formerly known as Independent Retail Brokers Sales Agreement (IRBSA), the agreement between ILB and Company which grants the right to use the Company trademarks, sell the Company’s services to clients of ITEX.
|
|
|
G.
|
FAs
|
Franchise Agreement between IFB and Company which grants the right to use the Company trademarks, sell the Company’s services to clients of ITEX.
|
|
|
H.
|
Principal
|
The term “principal” means the person(s) or entity owning interest in a corporation or partnership which is the Broker.
|
|
|
I.
|
Year
|
The term “year” means the calendar year.
|
|
|
J.
|
IBA
|
The ITEX Brokers Association. A Missouri Corporation.
|
|
|
K.
|
Regions
|
Areas Identified as districts, each represented by a member-at-large.
|
|
|
|
Copyright © 2007 ~ ITEX is a registered service mark of ITEX Corporation |
