Authorization and Contract
By executing the Millionaire Wealth Academy Affiliate Agreement (“Affiliate Agreement”), you apply for legal authorization to become a Millionaire Wealth Group, LLC (“Millionaire Wealth Academy,” the “Company”) Affiliate and enter into a contract with Millionaire Wealth Academy. This Agreement is created to provide detailed guidelines and limitations for all Millionaire Wealth Academy Affiliates.
Purpose
The purpose of the Millionaire Wealth Academy Affiliate Program is to provide individuals with the opportunity to sell exciting products and enroll additional Affiliates into the Millionaire Wealth Academy opportunity. In exchange for successfully making sales and referring Millionaire Wealth Academy to other Affiliates, the Company offers compensation pursuant to the terms of the Referral Plan.
Becoming a Millionaire Wealth Academy Affiliate
To become a Millionaire Wealth Academy Affiliate, an applicant must comply with the following requirements:
- Be of the age of majority (not a minor) in his or her state of residence (Millionaire Wealth Academy is unable to pay out commissions to anyone under the age of 18);
- Accept the terms of this Affiliate Agreement by signing up on the Millionaire Wealth Academy affiliate portal.
Modification of Terms
Because federal, state, and local laws, as well as the business environment, periodically change, Millionaire Wealth Academy reserves the right to amend the Agreement and the Referral Plan in its sole and absolute discretion. Notification of amendments shall appear in Official Millionaire Wealth Academy Materials. Any such amendment, change, or modification shall be effective thirty (30) days following one of the following communication methods:
- Posting on the official Millionaire Wealth Academy website;
- Posting inside the official Millionaire Wealth Academy affiliate portal;
- Electronic mail (e-mail); or
- In writing through other Millionaire Wealth Academy communication channels.
Term and Termination
The term of this Agreement will begin upon our acceptance of your application and will end when terminated by either the Company or you upon thirty (30) days' notice. In the event of a material breach of this Agreement, Millionaire Wealth Academy reserves the right to terminate this Agreement immediately. Upon cancellation or termination, all property rights are forfeited regarding any commissions, referrals, or other remuneration derived through your sales. Millionaire Wealth Academy reserves the right to terminate all Affiliate Agreements upon thirty days’ notice if the Company elects to: (1) cease business operations; (2) dissolve as a business entity; or (3) terminate distribution of its products via Affiliate channels. No termination of this Agreement will relieve either party for any liability for any breach of, or liability accruing under, this Agreement prior to termination.
Independent Contractor Status
The Millionaire Wealth Academy Affiliate is an independent contractor, and not a purchaser of a franchise or business opportunity. Therefore, each Affiliate’s success depends on his or her independent efforts. The agreement between Millionaire Wealth Academy and its Affiliates does not create an employer/employee relationship, agency, partnership, or joint venture between Millionaire Wealth Academy and the Affiliate. All Affiliates are responsible for paying local, state, and federal taxes due from all compensation earned as an Affiliate of the Company. Affiliates have no express or implied authority to bind Millionaire Wealth Academy to any obligation or to make any commitments by or on behalf of the Company.
As a self-employed independent contractor, you will be operating your own independent business selling products and services available through Millionaire Wealth Academy on your own account. You have complete freedom in determining the number of hours that you will devote to your business, and you have the sole discretion of scheduling such hours. In the event you earn over $600 in a calendar year, you will receive IRS Form 1099-MISC reflecting the amount of income paid to you during the calendar year. It will be your sole responsibility to account for such income on your individual income tax returns.
Selling Millionaire Wealth Academy Products
You agree to make no representations or claims about any products or services beyond those shown in official Millionaire Wealth Academy literature.
Income Disclosure Policy
In an effort to conduct best business practices, Millionaire Wealth Academy has developed an income disclaimer. The Millionaire Wealth Academy income disclaimer is designed to convey truthful, timely, and comprehensive information regarding the income that Company Affiliates can earn. In order to accomplish this objective, a copy of this income disclaimer must be presented to all prospective Affiliates. Copies of the income disclaimer may be printed or downloaded from the company website at https://millionairewealthacademy.com/income-disclaimer/
Millionaire Wealth Academy Referral Plan
Affiliates must adhere to the terms of the Millionaire Wealth Academy Referral Plan as set forth in Official Millionaire Wealth Academy Materials. Affiliates shall not require or encourage other current or prospective customers or Affiliates to participate in Millionaire Wealth Academy in any manner that varies from the program as set forth in Official Company Materials. Affiliates shall not require or encourage other current or prospective customers or Affiliates to make any purchase from, or payment to, any individual or other entity to participate in the Millionaire Wealth Academy Referral Plan other than those purchases or payments identified as recommended or required in Official Millionaire Wealth Academy Materials.
In an effort to alleviate administrative burdens, Millionaire Wealth Academy reserves the right to postpone commission payments until such time the cumulative amount exceeds $50.
A Millionaire Wealth Academy Affiliate must review his or her monthly referral statement and report any discrepancies within thirty (30) days of receipt. At the conclusion of this thirty-day “grace period,” no additional requests will be considered for commission recalculation. For additional information on payment of commissions, please review the Company’s Referral Plan.
For more information on how we track sales and referrals, please review the Affiliate Tracking System.
Errors or Questions
If an Affiliate has questions about or believes any errors have been made regarding commissions, bonuses, or charges, the Affiliate must notify Millionaire Wealth Academy in writing within thirty (30) days of the date of the purported error or incident in question. Millionaire Wealth Academy will not be responsible for any errors, omissions, or problems not reported to the Company within 30 days.
Product Sales
The Millionaire Wealth Academy Referral Plan is based upon the sale of Millionaire Wealth Academy products and services to end consumers. Purchasing Millionaire Wealth Academy products solely for the purpose of qualifying for commissions is strictly prohibited.
Bonus Buying Prohibited
Bonus buying is strictly and absolutely prohibited. Bonus buying includes: (a) the enrollment of individuals or entities without the knowledge of and/or execution of an Affiliate Agreement by such individuals or entities; (b) the fraudulent enrollment of an individual or entity as an Affiliate or Customer; (c) the enrollment or attempted enrollment of non-existent individuals or entities as Affiliates or Customers (“phantoms”); (d) purchasing Millionaire Wealth Academy products or services on behalf of another Affiliate or Customer, or under another Affiliate’s or Customer’s ID number, to qualify for commissions or bonuses; (e) purchasing excessive amounts of goods or services that cannot reasonably be used or resold in a month; and/or (f) any other mechanism or artifice to qualify for rank advancement, incentives, prizes, commissions, or bonuses that is not driven by bona fide product or service purchases by end user consumers.
Returned Product
For detailed information on delivery, refunds and returns, please refer to our Refund & Delivery Policy.
In the event that products or services are returned to the Company, commissions/bonuses paid out to the individual Millionaire Wealth Academy Affiliate as a result of the initial sale of the returned product or service shall be returned to the Company. Although the Company provides for a return period for products or services to be returned for a refund, there may exist particular reasons for which the Company shall determine, in its sole discretion, that a return for refund is justified in the particular occasion presented. In signing this Affiliate Agreement, all Millionaire Wealth Academy Affiliates agree to this policy and grant the Company the right to extend certain return periods and to also recover any commissions/bonuses paid to the respective Affiliate as a result of the return even though it may extend upon the expected return period for that particular product or service.
Pay Period
Affiliates will receive commissions on a monthly Net-30 basis. This month's commissions will be paid next month on the 30th, or the next business day if the 30th is on a weekend. The minimum commission payment will be $50. If you earned less than $50, your commission will roll to the next month until the $50 threshold is met. Currently, PayPal is the only payout method that we use.
Use of Sales Aids
While promoting the Company, Affiliates must use the sales aids and support materials produced by Millionaire Wealth Academy. If Millionaire Wealth Academy Affiliates develop their own sales aids and promotional materials (which includes Internet advertising), notwithstanding Affiliates’ good intentions, they may unintentionally violate any number of statutes or regulations affecting a Millionaire Wealth Academy business. Accordingly, Affiliates must submit all written sales aids, promotional materials, advertisements, websites, and other literature to the Company for approval prior to use. Unless the Affiliate receives specific written approval to use the material, the request shall be deemed denied. All Affiliates shall safeguard and promote the good reputation of Millionaire Wealth Academy and its products.
An Affiliate may not build third-party sites that contain materials copied from corporate sources nor create his or her own website to promote the Company without receiving express approval from Millionaire Wealth Academy. An Affiliate may not use or attempt to register any of the Company’s trade names, trademarks, service names, service marks, product names, URLs, advertising phrases, the Company’s name or any derivative thereof, for any purpose including, but not limited to, Internet domain names (URL), third party Web sites, Web pages, or blogs.
Millionaire Wealth Academy’s Proprietary Information and Trade Secrets
You recognize and agree that information compiled by or maintained by Millionaire Wealth Academy, including the database of prospective and existing customers, constitutes a commercially advantageous, unique and proprietary trade secret of the Company, which it keeps confidential and treats as a trade secret. During the term of your contract with Millionaire Wealth Academy, the Company grants you a personal, non-exclusive, non-transferable, and revocable right to use trade secret, confidential, and proprietary business information (Proprietary Information), which includes, without limitation, access to the Company’s customer database.
During the term of this Agreement and for a period of one (1) year after the termination or expiration of this Agreement between the Affiliate and Millionaire Wealth Academy, the Affiliate shall not use the information to compete with the Company or for any purpose other than promoting his or her business with Millionaire Wealth Academy. The Affiliate acknowledges that such proprietary information is of such character as to render it unique and that disclosure or use thereof in violation of this provision will result in irreparable damage to Millionaire Wealth Academy. Millionaire Wealth Academy will be entitled to injunctive relief or to recover damages against any Affiliate who violates this provision in any action to enforce its rights under this section.
Non-Solicitation
You agree that during the period while you are an Affiliate, and for one (1) calendar year following resignation or termination from the Company, you will not encourage, solicit, or otherwise attempt to recruit or persuade any other Millionaire Wealth Academy Affiliate to compete with the business of Millionaire Wealth Academy. Furthermore, for the same duration, you agree not to recruit or solicit any of the individual customers or companies listed in the Millionaire Wealth Academy customer database for a competing enterprise unless you can demonstrate a pre-existing relationship prior to this Agreement.
Constructive Criticism
Millionaire Wealth Academy desires to provide its Affiliates with the best services and fee schedule possible. Accordingly, Millionaire Wealth Academy values constructive criticism and encourages the submission of written comments addressed to Millionaire Wealth Academy leadership. However, negative and disparaging comments about the Company calculated to dampen the enthusiasm of other Millionaire Wealth Academy Affiliates and disparage Millionaire Wealth Academy represents a material breach of these Policies and Procedures and may be subject to sanctions as deemed appropriate by the Company.
Intellectual Property
Affiliate agrees to use the Trademarks and Copyrights in the form and manner and with appropriate legends as currently used and permitted by the Company. All promotional materials supplied or created by Millionaire Wealth Academy must be used in their original form and cannot be changed, amended, or altered except with prior written approval from the Company. The name of Millionaire Wealth Academy, each of its product names, and other names that have been adopted by the Company in connection with its business are proprietary trade names, trademarks, and service marks of Millionaire Wealth Academy. As such, these marks are of great value to Millionaire Wealth Academy and are supplied to Affiliates for their use only in an authorized manner.
Jurisdiction and Governing Law
The formation, construction, interpretation, and enforceability of your contract with Millionaire Wealth Academy as set forth in this Affiliate Agreement and any incorporated documents shall be governed by and interpreted in all respects under the laws of the State of Florida without regard to conflict of law provisions.
Contract Submission
An emailed copy of the Agreement shall be treated as an original in all respects.
Dispute Resolution
All disputes and claims relating to Millionaire Wealth Academy, its products and services, the rights and obligations of an Affiliate and the Company, or any other claims or causes of action relating to the performance of either an Affiliate or Millionaire Wealth Academy under the Agreement or the Company terms and conditions shall be settled totally and finally by arbitration in Florida or such other location as Millionaire Wealth Academy prescribes, in accordance with the Federal Arbitration Act and the Commercial Arbitration Rules of the American Arbitration Association, except that all parties shall be entitled to discovery rights allowed under the Federal Rules of Civil Procedure. This agreement to arbitrate shall survive any termination or expiration of the Agreement. Nothing in the Agreement shall prevent Millionaire Wealth Academy from applying to and obtaining from any court having jurisdiction a writ of attachment, garnishment, temporary injunction, preliminary injunction, permanent injunction, or other equitable relief available to safeguard and protect its interest prior to, during, or following the filing of any arbitration or other proceeding or pending the rendition of a decision or award in connection with any arbitration or other proceeding.
Indemnification
An Affiliate is fully responsible for all of his or her verbal and/or written statements made regarding Millionaire Wealth Academy products, services, and referral fees, which are not expressly contained in Official Company Materials. Affiliate agrees to indemnify Millionaire Wealth Academy and hold it harmless from any and all liability including judgments, civil penalties, refunds, attorney fees, court costs, or lost business incurred by the Company as a result of the Affiliate’s unauthorized representations or actions. This provision shall survive the cancellation of this Agreement.
Miscellaneous
If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be reformed only to the extent necessary to make it enforceable, and the balance of the Agreement will remain in full force and effect. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one instrument. The provisions of this Agreement, including all documents incorporated herein by reference, embody the whole agreement between you and Millionaire Wealth Academy and supersedes any prior agreements, understandings, and obligations between you and the Company concerning the subject matter of your contract with the Company.
Updated: November 7th, 2023