|
Members'
Agreement
1.
CAMDEN LETS is a non-profit membership
club organised by the CAMDEN LETS Core Group, who act on
behalf of the members. “LETS” and “Core Group”
are defined in the Constitution.
2. The Core Group is authorised to
charge joining and annual renewal fees in sterling. It maintains
accounts of sterling expenditure used or spent in managing
the scheme and publishes a summary at the AGM.
3. CAMDEN LETS provides an information
service through which members can exchange services and
goods. It publishes a directory and maintains accounts of
all LETS credits and debits.
4. CAMDEN LETS gives no warranty
or undertaking as to the value, condition or quality of
services or items offered. Members should seek to determine
for themselves the quality or standard of workmanship offered
before agreeing a purchase. CAMDEN LETS will publish a directory
of resources and services made available or wanted by members,
but as with any directory or newspaper, CAMDEN LETS cannot
be held responsible for the quality of goods and services
on offer and a monthly gathering is held for members to
get to know each other.
5. Prospective members are expected
to attend an informal social gathering before their membership
is accepted, in order to meet with members and to ensure
that the LETS system will be suitable for them. CAMDEN LETS
reserves the right to deny membership to an applicant or
organisation at the discretion of the Core Group.
6. Members agree to CAMDEN LETS holding
their details on computer and distributing to other members
those details relevant to the purposes of exchange. NOTE:
This is a legal requirement of the Data Protection Act.
To comply with the Act a clause must also be included in
the membership form to be seen and signed by prospective
members. If a LETS Directory is to be circulated to non-members
the names and means to identify members should also be removed.
7. CAMDEN LETS Core Group may decline
to record an account or directory entry considered inappropriate
for legal or any other reason.
8. No one is obliged to accept any
particular invitation to trade, or to engage in any transaction
with another member but members do agree to respond to enquiries
from other members.
9.
Members may give or receive from one
another credit in the CAMDEN LETS unit, called locks. The
LETS units are recorded on the CAMDEN LETS Locks Trading
Accounts. Members are expected not to allow their credit
or debit balances to remain high for long periods. Within
a specified accounting period set by the Core Group and
on leaving CAMDEN LETS, members with commitments outstanding
are obliged to balance their accounts.
10. All accounts start at zero except
when special joining credits are given. Members are not
obliged to have credit in their account before issuing another
member with credit (that is ‘purchasing’ another
member’s service) subject to any debit limit that may
be set by the Core Group. No interest is charged on accounts.
The Core Group periodically levies service charges on members’
accounts in locks.
11. Only the account holder can authorise
the transfer of locks from their account to that of another,
on a CAMDEN LETS ‘cheque’ or by written instruction
direct to the management, except for essential service charges,
which will be transferred by the Core Group from members’
accounts to the LETS administration account on a regular
basis.
12. Money is not deposited into or
issued from the CAMDEN LETS trading accounts. Members may
engage in any transaction entirely in locks, or on a part
cash basis, but only locks are recorded on the LETS unit
trading accounts. NOTE: CAMDEN LETS cheques will be accepted
as valid only if bearing the appropriate marks, signature
and other details.
13. Any member is entitled to know
the balance and turnover of any or all other accounts. The
CAMDEN LETS Core Group will publish the balances and turnovers
of all LETS trading accounts, from time to time not less
than once a year, and in any event at the AGM.
14. The Core Group may act on behalf
of CAMDEN LETS in seeking explanation or satisfaction from
any member whose activity is considered to be contrary to
the interests of the membership. The Core Group may suspend
or withdraw membership. Such action will not be taken unless
there have been three or more complaints made to the Core
Group, and following (i) a verbal warning and (ii) a written
warning by the Core Group to the member complained about.
If the annual subscription fee is not paid at or by the
AGM, then a member is deemed to have left.
15. Members are individually responsible
for their own personal tax liabilities and tax returns or
benefits entitlements. CAMDEN LETS has no liability to claims
for tax or benefits on participants, and has no obligation
or liability to report to the tax or benefits authorities
or collect any payments on their behalf.
16. Members agree to be bound by
these Rules and by the Constitution of CAMDEN LETS.
June
1998
RTF
Download of this Document
Identical Wording - same length
|