Partner Sale
The NewAge Partner that operates is owned by you. Therefore, you have the right to sell it as you would any good. The amount of your sale is agreed between a buyer and a seller, but NewAge has the option to buy (right of first refusal) on any sale of a Partner. Without due notice, NewAge may exercise its right to purchase the Partner from the new owner. If the new owner does not sell the Partner, NewAge has the right to terminate their agreements. A fee of $ 100 USD will be charged for the transfer of ownership.
There are several conditions that limit the conditions under which a business can be sold. It is not the purpose of NewAge to be an impediment to the sale, but to be notified so that such sale cannot be used to circumvent our policy regarding "movement of income position" , "ownership of multiple partners" or "incursion transversal " either directly or in cooperation with another. Therefore, the following conditions must occur prior to any sale.
A Partner must not sell or encourage a sale by a Partner that is sold to any NewAge Member or Representative with the intent to move across the board.
Only activated revenue positions can be sold.
Members or Representatives may not frequently negotiate or be involved in the purchase or sale of Members.
You cannot pay a Representative in two or more Partners through the purchase of Partners. (Exceptions include inheritance or marriage).
A Partner cannot be sold if the renewal fee has not been paid at the time of the Partner's anniversary or if NewAge allows its payment by exception and then it is sold that same year.
The following rights and privileges will apply to any sale:
The status of the 2X membership for the buyer must be the same as at the time it was activated
The income position. 2X membership status cannot be acquired in case it was not earned at the time of earning position activation.
The Gold category for the buyer must be the same as at the time the income position was activated . Gold status can be earned, in case it was not earned at the time of activation. The time for this must be within 8 weeks from the date of sale.
A title is what a person earns from commissions generated from a particular income position. Therefore, the buyer will start without any title, but will establish whatever title it deserves after the transfer of ownership.
All credits / bonds must be transferable (savings bond credits, savings credits, loyalty credits, etc.) as long as the income position maintains continuous eligibility to receive commissions throughout the transfer of ownership.
The sold Partner's sponsorship will not change due to the implications of matching bonuses.
A Partner may not be sold, in whole or in part, to any NewAge member or Representative who is or has been a member or Representative at the present or in the past six months.
The calculated cost of living adjustment will remain in effect after the sale.