PLEASE READ THIS DOCUMENT CAREFULLY.
The purpose of this document is to outline FavoriteAgent.com's Cancellation Policy as part of the entire agreement between you and FavoriteAgent.com. The entire agreement consists of the Technology License Agreement
, the Schedule of Licenses and Fees
, Cancellation Policy
and any additional rules, policies or agreements that are, or may from time to time, be established by FavoriteAgent.com. ALL CANCELLATIONS BY YOU MUST BE ACCOMPLISHED EXACTLY AS REQUIRED IN THIS DOCUMENT.
Basis for Policy. The largest percentage of our costs are incurred within the first thirty days after you activate your FavoriteAgent.com Technology. Account setup, billing records, login setup, coaching and many other tasks occur after your activation. Our technology not only requires an investment of your financial resources, but also requires a commitment of your time and effort to achieve success. Because we cannot control your commitment level, we cannot guarantee your success with The FavoriteAgent.com System. Therefore, ALL SALES ARE FINAL AND NOT SUBJECT TO CREDIT CARD REVERSAL. Even though we incur almost all of our costs at the beginning, we have chosen pricing points and payment methods that enable you to pay for our Services over time, making it easier for you to succeed in real estate sales in this Internet age. For these and other sound business reasons, FavoriteAgent.com has adopted this policy in an attempt to encourage you to make a good-faith effort implementing our technology, and enabling us to make sound business decisions regarding new products and services, expansion, and the like.
Cancellation Policy. CANCELLATIONS (WHETHER MADE AFTER AN ONLINE ORDER FORM HAS BEEN SUBMITTED, AFTER A WRITTEN CONTRACT HAS BEEN SIGNED, OR AFTER AN ELECTRONIC CONFIRMATION OF YOUR TELEPHONIC ORDER HAS BEEN RECEIVED BY FAVORITEAGENT.COM), DO NOT RELIEVE YOU OF YOUR RESPONSIBILITY TO PAY MONIES DUE AND OWING IN ACCORDANCE WITH THIS ENTIRE AGREEMENT.
Cancellation after Completion of Term. After completion of your initial license term, either party may cancel with a minimum of 90 days advanced notice. Cancellation notice shall be delivered to FavoriteAgent.com by email to Cancellation@FavoriteAgent.com and to you, the Licensee, at the email address on file with our company. Upon cancellation, you will discontinue the use of any of the The FavoriteAgent.com Technology or any portion of the FavoriteAgent.com Technology, to include the use of the FavoriteAgent.com brand, logo, or branded website in any way.
Early Cancellation (Prior to Completion of Term). FavoriteAgent.com provides the following option to licensees desiring to cancel their license obligation prior to the full term: a long-term contract may be converted to a month to month contract and recomputed at the rate payable on a month-to-month contract. Then the full amount paid to FavoriteAgent.com at that time shall be credited toward the newly computed month-to-month balance. The difference shall constitute the early termination charge. For example, suppose a Pipeline-i Professional Licensee desired to cancel his two-year agreement, three months into a two-year license term. Further suppose that the month to month license had a six-hundred dollar ($600) activation and a three-hundred dollar monthly payment. The licensee had paid a total of five-hundred and sixty dollars ($560) to FavoriteAgent.com. Early termination fee would be nine hundred forty dollars ($1,500 - $560 = $940), and upon receipt of that payment, licensee would be released from his contract effective that date. EARLY CANCELLATION IN ANY WAY OTHER THAN THE OPTION OUTLINED ABOVE SHALL BE CONSIDERED A BREACH OF THIS AGREEMENT AND WILL MAKE YOU SUBJECT TO OUR CANCELLATION FOR BREACH OF AGREEMENT POLICY. ALL SALES ARE FINAL AND NOT SUBJECT TO CREDIT CARD REVERSAL.
Cancellation for Breach of Agreement. Your License may be terminated if you violate this Agreement. Upon termination, you must destroy all files connected with the FavoriteAgent.com Technology and related documentation. You will also immediately cease and desist the use of any of the The FavoriteAgent.com Technology or any portion of the FavoriteAgent.com Technology and will settle any account balance within 30 days. ALL SALES ARE FINAL AND NOT SUBJECT TO CREDIT CARD REVERSAL. In the event that you breach this agreement, it is stipulated that FavoriteAgent.com will be entitled to collect for all reasonable costs associated with the collection and enforcement of this contract. These costs include, but are not limited to, court costs, attorney fees, collection agency fees, merchant bank fees, hourly wages, and any other expenses associated with the collection of monies due under this agreement. Failure to cooperate with our billing department in the timely resolving of any credit card failure(s) will be seen as a breach of this agreement and is therefore subject to the collection fees outlined herein.