CODE OF ETHICS

PREAMBLE

In promulgating a code of ethics, GLOBAL BARTERS recognize the efficacy of establishing a self-regulating process to sustain an ethical climate to assure public and ensure business confidence in the barter industry.

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WE HAVE RESOLVED TO ADHERE TO THE FOLLOWING CODE OF ETHICS:




• I. GLOBAL BARTERS shall continually strive to maintain a level of esteem and respect for the reciprocal trade industry, the services it performs, and its member practitioners, colleagues, employees and associates. We shall not speak ill of, or impugn the character of any other Industry Member or firm.
• II. We shall endeavor to establish rules, procedures, and practices in their business operations that will serve the best interests of the public and their clients.
• III. Fairness and honesty shall characterize all dealings and our Members shall, in their business dealings, uphold the same standard for clients, suppliers, remarketers, liquidators and others who do business with the industry.
• IV. We shall comply with all laws, regulations, rules and ordinances of any governmental body or agency of proper jurisdiction.
• V. All advertisements, publicity, public or private statements and written or visual communications of GLOBAL BARTERS shall be factually accurate to the best of our knowledge and shall comply with basic standards of fairness and honor.
• VI. We shall provide full and accurate disclosure of all information material to the establishment of a business relationship with prospective clients prior to the execution of any binding agreement. All collateral materials shall clearly set forth the terms, conditions, and obligations of all parties to the agreement. Honesty and accuracy shall characterize all solicitations and dealings. Information considered proprietary and confidential to the parties in any transaction may be withheld, provided the other party is made aware of the said withholding.
• VII. We shall establish business relationships only with those individuals, corporations and firms who, upon reasonable investigation, appear to possess the basic resources and abilities to fulfill the commercial needs and requirements of the barter system and who operate in an ethical and professional manner with the Member's clients and with the public at large.
• VIII. No Member shall issue trade credits entailing a "best efforts" obligation to obtain products or services for a client without a reasonable likelihood and capability of fulfillment of said trade credits and/or trade dollars(Rupees).
• IX. We shall, at all times, refrain from offering more than we can deliver, or exaggerate, in any way, the availability of media and goods and/or services beyond our capability to deliver during the term of a client contract.
• X. We shall enter into a transaction with a client only when they are reasonably sure that they will not violate the client's restrictions on distribution of his merchandise. We shall further, formally and in writing or through website, inform prospective buyers of said restrictions and take all steps necessary to assure that restrictions are adhered to by a buyer.
• XI. We shall not discriminate on the basis of race, color, Language, region, origin, religion or gender in hiring employees, acceptance of clients or establishment of any other business relationship.
• XII. GLOBAL BARTERS shall cooperate in the establishment of professional and ethical standards in the resolution of any and all disputes between Members and clients, suppliers or other Members.
• XIII. We shall establish internal rules, procedures, and practices in our business operations that will serve the best interests of the public and our clients.
• XIV. We shall provide appropriate guidance and supervision over the activities of their employees for the purpose of ensuring truth and accuracy in public communications, statements made to clients and adherence to the requirements of this Code of Ethics in all business dealings with suppliers, clients, the public and other Members.
• XV. Any alleged violation of this Code of Ethics by any GLOBAL BARTERS member involved in a business transaction with any other member, shall be addressed, investigated and resolved through due process, provided that complaint is initiated within three years of transaction.
• XVI. No person shall engage in the unauthorized use of the Trademark, trade name, corporate name or slogan of another business.
• XVII. No member shall use threats or intimidation or otherwise engage in unfair business practices.
• XVIII. GLOBAL BARTERS shall establish policies and maintain controls over franchisees, licensees, or affiliates to ensure the protection of their clients' trading privileges and shall reserve in their contractual agreements with their franchisees, licensees, and affiliates such power as is necessary to effectively implement this Article XVIII.
• A. In the event it becomes apparent that the business practices of its franchisee, licensee or affiliate are inconsistent with prudent standards and the protection of a clients' trading privileges is in doubt, it shall be the duty of GLOBAL BARTERS to promptly undertake remedial action.
• B. If necessary, where a franchisee, licensee, or affiliate fails to operate its business in accordance with the appropriate standards set forth in its contract and this Article XVIII regarding the protection of the clients trading privileges, GLOBAL BARTERS shall recognize its responsibility to facilitate trade and assume management control over such franchisee, licensee, or affiliate office until such time as that office is properly disposed of in accordance with pertinent federal, state or local laws or is resold or re-assigned to another party deemed capable of operating the business in a proper manner.
• C. It is the GLOBAL BARTERS 's responsibility to take all reasonable and prudent actions to ensure compliance with this Article XVIII.