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THIS AGREEMENT is made by and between Freedom Resort Club, LLC a Florida Limited Liability
Company located at 401 E. Las Olas BLVD. Suite 1400 Fort Lauderdale Fl. 33301 (FRC) and the
undersigned individual(s) (Member) in this Agreement. In consideration of the mutual
covenants contained herein, the parties hereto agree as follows:
A.MEMBERSHIP
1.
FRC agrees to sell to Members a membership in the Freedom Resort Club Travel
Association, (Association), a private members only association established as a Florida
non-profit corporation by FRC, and Members agree to purchase a membership in the
Association.
2.
Members agree that the rights and responsibilities of membership in the Association are
for their enjoyment and that of their immediate family. Members agree that the membership
in the Association is not an investment with expectation of any future profit on monetary gain.
Members further agree and understand that Members are purchasing a membership in an
Association and not any other product, rights, privileges, or future services. Members also
agree that no cooperative purchase, of services is contemplated by this Agreement, nor by or
through any membership benefits.
3.
Members agree to abide by all Membership Rules and Regulations as set forth in FRCs
Membership Rules and Regulations, and further agree that such Membership Rules and
Regulations form a part of and are incorporated into this Agreement. Members also agree and
understand that the Membership Rules and Regulations may be amended from time to time
pursuant to the terms therein and in this Agreement.
4.
Members acknowledge reading this Agreement, the Membership Rules and Regulations,
the Promissory Note (if any), the Truth-in-Lending Disclosure Statement (if any) and the
Members Understanding and Acknowledgment. These documents, if applicable, are part of
this Agreement and incorporated herein.
5.
Members agree that all rights and benefits conferred through membership in the
Association for each Membership Type and Term as defined below are described in the
Membership Rules and Regulations, and Members further agree that no representations of
any kind other than those contained in this Agreement, the Members Understanding and
Acknowledgment, and the Membership Rules and Regulations have been made either verbally
or in writing to induce them to become members. The term of this Agreement is from month
to month and you may cancel this Agreement at anytime without any further obligation.
Bronze Membership
FROM: MONTH
TO:
MONTH
.
MEMBERSHIP TYPE
MEMBERSHIP TERMS
*Membership can be canceled by Member at Any time with Thirty (30) Days Notice to FRC.
1.
2.
3.
4.
5.
6.
7.
1.
Members agree to remit to FRC a one-time Initiation Fee in the amount of $777 U.S.
Dollars on the date this Agreement is signed and further agree that this Initiation Fee is paid
to obtain the membership in the Association and is in no way advance payment for future
services or benefits or privileges which the Association may provide to Members at any later
date. FRC and Members agree that execution of this Agreement by Members will grant the
full rights and privileges in and to the Association and the Members membership in the
Association will not be effective until seven (7) days after the counter execution of this
Agreement by FRC. However Member will be immediately granted limited access to the
Association upon the counter execution of this Agreement by FRC , whether or not the
Initiation Fee is paid in cash or by Payments.
Members agree to pay in the manner defined in the Membership Rules and Regulations for
all Association services as they may be provided.
Members agree to remit to FRC monthly Association Dues in the amount of $47 U.S.
Dollars as of the date this Agreement is signed or as specified in the original Application for
Membership or as specified in the Membership Rules and Regulations and each Month
thereafter for the entire term of their membership in the Association. Members understand
and acknowledge that monthly Association Dues are not fixed for the term of their
membership and may increase or decrease annually as established by the association Board
of Directors in adherence to the Rate increase Limitations as set forth in the Membership
Rules and Regulations.
In exchange for Members one-time Initiation Fee and continued monthly Association Dues,
Members will receive access to 1 resort vacation week (Annual Weekly Entitlement) per
year with FRCs partnered resorts, unlimited nightly discounted resort and hotel stays, and
unlimited access to bonus condo weeks. Members Annual Weekly Entitlement only entitles
Member the access to pay for such accommodations at a discounted rate and does not entitle
the Member to utilize such accommodations in exchange for Member having paid their onetime Initiation Fee or Association Dues.
Regarding the discounted hotel stays should a Member find a hotel cheaper from rates
provided to the general public FRC will provide the Member with 110% of the price the
Member paid to book and stay at the hotel through the Members membership.
If for any reason, Member is not 100% satisfied with their Membership, after Member takes
five (5) vacations through their membership, FRC will provide Member with a refund of their
membership fees.
C. MEMBERSHIP TRANSFER, SUCCESSION AND JURISDICTION
FRC and Members agree that Members membership in the Association may be transferred
to their heirs. However, if the Association transfers its obligation to provide Member his or her
Membership to another organization that provides substantially fewer services, the
Association must provide notice thereof to the Member in writing with a description of the
services the new organization will offer. Should Member not consent to such a transfer, his or
her Membership will be rescinded and he or she will be provided a refund pro rata based on
the amount of time he or she was a Member. FRC and Members further agree that
membership in the Association may be transferred by Members at any time other than upon
their death provided they first obtain written permission from the Association Board of
Directors or its authorized representative and provided that all monthly Association Dues and
payment Dues are current and provided that no amount greater than consideration paid or
payable for the membership is received in consideration for the transfer of such membership
by Members. Members understand and agree that transfer of an Association membership
requires payment of a one-time Transfer Processing Fee of $50 U.S. Dollars to FRC and written
agreement by the parties to whom the membership is being transferred that they will abide
that both parties give up the right to appeal from the arbitrators ruling except for a narrow
range of issues that can or may be appealed. It also means that discovery may be severely
limited by the arbitrator. This section and the arbitration requirement shall survive any
termination
The following notice is provided solely for the Members assistance. This Agreement is an
agreement for the acquisition of an Association Membership and not of future services,
privileges or benefits.
NOTICE TO THE BUYER
Do not sign this before you read it or if it contains any blank spaces. You are
entitled to an exact copy of the paper you sign. You have the right to pay in
advance the full amount due and under certain conditions to obtain a partial
refund of the interest paid, if any.
YOU MAY CANCEL THIS CONTRACT WITHOUT ANY PENALTY OR OBLIGATION WITHIN
30 DAYS FROM THE DATE OF PURCHASE. YOU MAY ALSO CANCEL THIS CONTRACT IF
ACCOMMODATIONS OR FACILITIES ARE NOT AVAILABLE PURSUANT TO A REQUEST
FOR USE AS PROVIDED IN THE CONTRACT.
IF YOU DECIDE TO CANCEL, YOU MUST NOTIFY THE SELLER IN WRITING OF YOUR
INTENT TO CANCEL BY SENDING NOTICE TO: FREEDOM RESPORT CLUB AT 401 E.
Las Olas Blvd, Suite 1400, Ft. Lauderdale, FL 33301.
_______________________________________________________
_________________________________________________________
Members
Printed
Name
Members Printed Name
_______________________________________________________
_________________________________________________________
Members Signature
Members Signature
Accepted by Company on
this
_____
day
of
_____________, 20___.
Freedom Resort Club, LLC.
a Florida Limited Liability
Company
By:
_______________________________
Title:
____________________________