Terms and Conditions

1. I represent and warrant that I am of legal age and with full legal capacity. If minor, I represent and warrant that I have parental consent and is duly represented by my parent to register as a member/independent dealer.

2. I ensure that my registration details are true and correct.

3. I agree that the registration/membership/franchise fee is non-refundable.

4. I agree that the issued Personal Accident Insurance shall take effect only after 7 days from signing and return of the Insurance Card to PREMO.

5. I may download any or all downloadable files in PREMO’s official website “www.premo.ph” for purposes of marketing, provided that, I shall not edit any downloaded files under any circumstances whatsoever or misrepresent such files when being used for promotion or marketing purposes.

6. I agree not to engage in business directly in competition with PREMO during the effectivity of my membership with PREMO. A violation of this condition is a ground to suspend or terminate my membership and/or cancel any commissions earned, if any.

7. I agree to abide by the marketing plans, safety features, commission procedures, protocols and all other policies and regulations of PREMO.

8. I shall hold PREMO free and harmless from any action or liability arising from any claim in the conduct of my business as a member/independent dealer of PREMO.

9. I shall hold PREMO free from any liability for any claims made by my member/s for unremitted payments.

10. I agree that my success in the business as a member/independent dealer of PREMO is dependent on my marketing and sales plan, techniques and strategies in expanding and building up my members under my own network system and genealogy chart.

11. I agree that during my membership with PREMO, I will not persuade, encourage, or induce the members of other members/independent dealers of PREMO to join him/her as new member/independent dealer.

12. I agree to follow the maintenance requirement for sponsors override bonus based on the Compensation Plan Policies in connection with the distribution of bonuses, commissions, or rebates.

13. All commissions are subject to 10% withholding tax and P50 processing fee.

14. I shall not assign my rights under this Agreement without the prior written consent of PREMO. Only assignment of name and slot to a qualified individual recommended or endorsed by dealer is allowed.

15. PREMO has the right to change membership/franchise fees and compensation/income scheme without prior notice to independent dealers and members. Selected key leaders shall be informed/or advised first before the implementation of such changes.

16. I agree that there is no employer-employee relationship between PREMO and its members/independent dealers. I also acknowledge that I am not an employee, partner, agent, representative of, or joint venturer with PREMO.

17. PREMO, its officers and employees are not responsible for any losses that I may incur. I agree not to hold PREMO, its officers and employees liable or responsible for any claim, action, or cause due to failure or non-profitability of my business as a member/independent dealer of PREMO.

18. I shall maintain strict confidence and shall not disclose to any third party any information or material relating to PREMO’s business that comes to my knowledge and/or possession and shall not use such information and material without a written permission by PREMO.

19. PREMO may at any time revise these Terms and Conditions by updating or modifying it without prior notice. Thus, I bind myself to check, online or the bulletin board, of any future revisions of these terms and conditions, and I agree to be bound by any future revisions of these terms and conditions.

20. PREMO reserves the right to terminate my registration at any time if I breached any of these terms and conditions.

21. All actions arising out of or in connection with my membership with PREMO shall be instituted exclusively in the proper courts in Pasig City, the parties hereto waiving any other venue.

22. I acknowledged that I have read and understood all these terms and conditions and hereby express my conformity thereto, and that upon clicking the “I Agree” button, I agree to be bound by these Terms and Conditions.

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