Local Trade Partners, LLC

General Policies, Procedures, And Conditions

These are subject to change at anytime, please check back- we're looking for a simple and equitable system that serves our members.

Please remember- Treat your fellow member well- we're all local business people with the same challenges, the Golden Rule and polite courtesy go a long way.

1- All goods and services are to be sold for your regular cash price, at full trade. Overcharging Local Trade Partners members is not allowed. No part cash transactions will be approved for transactions under T$1,500.00. Trade Exchanges simply don't work when members want to trade their labor and charge for parts, etc. We prefer members to have no limit on trades, since limits result in lower trading for all members. In the event of a part trade/ part cash approved transaction, the 5% cash transaction fee is due on the entire amount of the transaction (cash + trade).

2- You must trade within the system. If you trade with a Local Trade Exchange member without using Local Trade Partners and paying transactions fees, both members will be removed from Local Trade Partners and will forfeit all earned trade dollars. Any trade dollars due Local Trade Partners must be paid in full, in cash upon removal. For the health of our exchange and our members, we need committed members.

2- We need a valid debit/credit card (We prefer debit cards since members are not tempted to overspend) with funds available on file for your transaction fees, fees are charged as accrued. Beware that when you trade, cash fees will be due immediatly. We charge low transaction fees and we do not have any other income sources. We take pride in our simple structure and we have not "priced in" collection expenses. Your valid debit/credit card keeps us efficient. A card that does not run 2 times in a row may result in the members trading account being disabled or the member will be removed from Local Trade Partners.

3- Local Trade Partners sends Trading Statements within 7 days of the first day of the month for the previous months activity via email. Current Statements are available 24/7 on the Local Trade Partners web site. We do all of the bookkeeping for you.

4- A list of current available client services is available on our web site at http://www.localtradepartners.com.

If you do not have access to the web site, we're happy to send you a list by mail or email.

5- Any account with a negative barter balance that exceeds your allowable credit line may be charged a late cash fee of 15%. NSF Trade Checks are the responsibility of the buyer and may be subject to an NSF CASH FEE of $35 and negative balances may be due in cash (NSF Fees and NSF amounts may be charged to your credit card on file). Please be aware of your spendable balance before you buy. Members who write trade checks with insufficient funds may be prosecuted for criminal fraud.

6- Disputes between members will be settled by Local Trade Partners. Local Trade Partners reserves the right to remove members at will. In the event of member removal, the member will be given 60 days to spend accumulated trade dollars. Any deficit must be paid in goods acceptable to Local Trade Partners or cash. Local Trade Partners can invoke "On Hold" status if a member accumulates too many trade dollars.

7- All information contained on the Local Trade Partners website is intended for member use only.

8- All Trade Checks must be POSTED on the Local Trade Partner Website within 14 days of sale or sooner. (Please POST as soon as possible as a courtesy to fellow members. Data kept current keeps our web site balances current) Trade Checks not POSTED within 14 days may not be accepted. Once posted, Local Trade Partners Trade Dollars NEVER EXPIRE.

9- Members of Local Trade Partners are not obligated to trade with members if they have a previous cash business relationship. Members are asked to be reasonable and work with fellow members for mutual gain regarding this policy.

10- Certain High Demand Items are handled on a "Broker- Managed" Basis. Please feel free to ask your broker about any available items.

4-14-2011