Term & Conditions of The Sip Social Investments & Exchange

The Sip Social, LLC, referred to as "The Sip Social Investments & Exchange," is an exclusive community platform that facilitates barter and exchange transactions among its members. Members of The Exchange, also referred to as "Investors" or "Members," are businesses that contract with The Sip Social to exchange goods and services with other investors. The Sip Social acts as a clearinghouse and third-party record-keeper of barter transactions, ensuring the smooth facilitation and regulation of exchanges.

The following Trading Rules and Regulations of The Sip Social, LLC, t/a Sip Social Investments & Exchange. (hereinafter called “SSIE”) form part of, and are included in the Trade Account Application and Agreement that each member/investor has signed with SSIE.

Nature of Parties: SSIE acts as a platform for corporations, partnerships, and sole proprietors (hereinafter referred to as "members" or “investors” interchangeably) to trade or barter a portion of their goods and/or services with other members of SSIE through the use of an identification card issued by SSIE. SSIE serves as a third-party record-keeper, facilitating transactions between members and maintaining accurate records of trade dollars generated. SSIE does not issue credit but may facilitate trade dollar loans or extended lines of credit under specific provisions. SSIE does not guarantee the quality, delivery, or merchantability of goods or services exchanged and members enter into transactions voluntarily. members are responsible for notifying SSIE of any changes to their business name or form.

Nature of Trade Dollars: Trade dollars (SIP dollars) are an accounting unit used to record the value of trades between members. Ownership of trade dollars entitles members to receive goods or services from other businesses within the SSIE network. Trade dollars (SIP dollars) are not legal tender, securities, or commodities, and cannot be redeemed for cash. Transactions involving trade dollars may be treated as taxable events, and SSIE is required to report barter sales to the IRS. members are advised to consult with their tax advisors for appropriate tax treatment.

Sales: Members agree to offer their products and services on a one hundred percent (100%) trade basis within The Exchange, subject to the Rules and Regulations outlined herein. While not obligated to offer all products for sale within The Exchange, any products offered must be on a one hundred percent trade basis. In return, members are entitled to acquire products and services available through The Exchange on the same basis.

Trade Authorizations: To ensure the integrity of transactions, sellers must obtain an "authorization number" from SSIE before releasing merchandise or performing a service. This authorization confirms the transaction and debits the buyer's account while crediting the seller's account. Buyers have 60 days to object to a transaction, after which it is considered final.

Directory: SSIE maintains a Goods & Service Directory listing products and services offered by members for trade. members are encouraged to trade at 100% but may use a blend of cash and trade dollars for larger transactions. members have discretion over which products and/or services they offer for trade. SSIE may place accounts "on hold" under certain conditions, including a positive barter balance and client notification.

Advertising: SSIE is authorized to notify and advertise the availability of client's products or services to other SSIE members through various means. SSIE brokers market products to other members and do not market products at 50% cash and 50% trade unless otherwise stipulated.

Available Products: SSIE makes efforts to solicit new businesses with products or services that meet the needs of members. However, SSIE is not responsible if a client cannot find specific products or services within the network.

Advertising Media Policy: SSIE does not require existing cash contracts to be converted to trade for advertising media members, nor does it require media members to accept trade contracts from members who have been cash advertisers within the previous six months, unless mutually agreed upon.

Sales Procedures: members must report sales to SSIE within ten days and charge appropriate sales taxes and other charges. Transactions must be approved by SSIE prior to the sale, and SSIE reserves the right to refuse approval under certain circumstances.

Pricing: Products and services offered for trade must be priced at their normal prevailing cash price. Discounted items or sale items are not typically available for trade, and members must treat buying members with the same respect as cash customers.

Purchasing Procedures: members making purchases must present a valid ID card and sign the trade sales slip. All transactions are subject to final audit and verification by SSIE. Direct trades between members to avoid service fees are strictly prohibited.

SSIE Borrowing: SSIE may borrow trade dollars as needed to meet operational requirements, subject to limits and repayment terms. Borrowings are collateralized, and SSIE is solely responsible for repayment.

Additional Security Interest: members grant SSIE a security interest in all trade dollars to be credited to the client's account for the amount of all unpaid cash fees. In the event of insolvency or bankruptcy, all cash fees become due and payable in full.

Statement Discrepancies: members must report any discrepancies on their monthly statements to SSIE within twenty days of receipt.

Direct Trades: Direct trades between members to avoid service fees are strictly prohibited. SSIE reserves the right to collect commiSSIEons owed and cancel memberships for violators.

ID Cards: ID cards issued by SSIE remain the property of SSIE and must be returned upon request.

Commitments & Representation: SSIE is only responsible for commitments made in writing by authorized officers. Brokers, agents, or employees of SSIE do not have the authority to bind SSIE without written authorization.

Liability for Trade Dollars: members acknowledge that trade dollars in the SSIE system are the liabilities of members who have spent more than their earnings. SSIE is solely liable for its own indebtedness.

Negative Trade Dollar Balance: Members may occasionally spend more Trade Dollars than available in their account. While deficit spending may be permitted at the discretion of The Sip Social, clients must accept all sales at 100% barter while in a deficit.

Credit Limit

Members may apply for barter dollar loans, subject to terms and conditions based on creditworthiness and ability to repay. The Sip Social is not obligated to extend credit at any time. Purchases must be limited to the amount of barter dollars in the buying member's account. Members are required to compensate The Sip Social in cash for any deficit resulting from purchases made without sufficient barter dollar balances or prior loan arrangements.

Trade Dollar Loans: SSIE has the exclusive right to extend trade dollar loans to members based on creditworthiness and ability to repay. members exceeding their line of credit may be billed in cash for the excess purchases.

Referral Bonus

Members receive a referral bonus of one hundred barter dollars for each new member they introduce to The Sip Social. To qualify, members must provide specific information about the potential member, and the bonus is paid upon approval of the new member's application. Referrals are encouraged to expand The Sip Social network.

Billing/Statements: Cash charges for transaction fees are billed monthly and must be paid by the 20th of the following month. Failure to pay may result in the suspension of trading privileges until fees are settled.

Transfer of Account: members may not transfer or sell their account without written permiSSIEon from SSIE.

Taxes: Members are responsible for declaring and reporting all applicable taxes resulting from trade transactions. The Sip Social reports yearly sales to the IRS and must be informed of any changes in client information.

Suspension: SSIE reserves the right to suspend trading privileges for members in violation of laws, rules, or agreements, or for overdue cash fees. Trading privileges may be reinstated upon payment of past due fees.

Termination: Either party may terminate the agreement upon written notice. SSIE may terminate accounts for violations or cause, with immediate payment of all outstanding fees.

Right to Amend: SSIE reserves the right to amend these Rules and Regulations with proper notice. Acceptance is implied unless objected to in writing within the specified time.

Enforcement: Each provision of these Rules and Regulations is severable, and invalidity of one provision does not affect the validity of others. SSIE may recover attorney's fees and costs for enforcement actions.

Dissolution: In the event of dissolution, members in a negative trade dollar position must pay amounts owed into a fund, which will be distributed pro rata to members in a positive position.

These Trading Rules and Regulations form an integral part of the agreement between SSIE and its members and govern all transactions within the SSIE network.

At Sip Social Investments & Exchange (SSIE), we strive to provide our members with high-quality services and experiences. However, we understand that circumstances may arise where a refund is necessary. Please review our refund policy below:

Membership Fees:

• Membership fees are non-refundable once paid.
• If a member wishes to cancel their membership, no refunds will be issued for the remaining duration of their membership term.

Service Fees:

• Service fees charged for transactions, loans, or other services rendered by Sip Social Investments & Exchange are non-refundable.
• Service fees are earned upon the completion of the service and are not eligible for refund under any circumstances.

Barter Dollar Purchases:

• Barter dollar purchases made by members are non-refundable.
• Members are responsible for managing their barter dollar balances and should consider their purchases carefully before completing transactions.

Barter Transactions:

• Refunds for barter transactions are generally not available once completed.
• Disputes regarding the quality or fulfillment of goods and services received in a barter transaction should be resolved directly between the involved members.

Exceptions:

• In exceptional cases where Sip Social Investments & Exchange determines that a refund is warranted due to extenuating circumstances, such as errors in processing or unauthorized transactions, refunds may be considered at our discretion.
• Requests for refunds must be submitted in writing to our customer service team and will be reviewed on a case-by-case basis.

Processing Time:

• Refund requests will be processed within a reasonable timeframe, and members will be notified of the outcome of their request once reviewed.
• The processing time for refunds may vary depending on the nature of the request and the volume of inquiries received.

Contact Us:

• For inquiries or refund requests, please contact our customer service team at support@sipsocialinvestments.com
• Our team is available to assist you with any questions or concerns regarding our refund policy or any other aspect of your membership with Sip Social Investments & Exchange.

Please note that this refund policy is subject to change at the discretion of Sip Social Investments & Exchange. 

Members will be notified of any updates or revisions to the policy in a timely manner. Thank you for your understanding and cooperation.

• Event Name: Girls Night Out Caribbean Escape
• Date: Friday, July 26th
• Time: 7:00 PM
• Location: Spice House Midtown, Buckhead

• Seating will be provided on a first-come, first-served basis to those who are actually dining.
• We encourage all attendees to arrive promptly to secure seating.

• Attendees are free to order any items from the menu.
• Please be mindful that many preferred items on the menu are priced at $36 and above, which may exceed the $45 fixed menu threshold.

• Payment for food and drinks will be settled individually by each attendee.
• Please be prepared to pay your share of the bill at the end of the meal.

• All attendees are expected to conduct themselves respectfully and courteously.
• Any disruptive behavior may result in being asked to leave the event.

• Sip Social Investments & Exchange and its affiliates are not responsible for any personal injury, loss, or damage to personal property during the event.
• Please do not leave valuables unattended.

• By attending this event, you consent to be photographed and/or filmed for promotional purposes.
• Photos and videos from the event may be shared on social media and other promotional channels.

• Valet and self-parking are available at Spice House Midtown for a fee.
• Please note that all parties must be present to be seated.
• If you have any dietary restrictions or allergies, please inform the staff upon arrival.

By attending the Girls Night Out Caribbean Escape, you agree to adhere to the above terms and conditions. We look forward to a wonderful evening of dining, networking, and enjoying the Caribbean experience at Spice House Midtown.

• All attendees are required to update their emergency contact information, including the name and phone number, to ensure we can reach someone in case of an emergency.