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DIRECT SALES ASSOCIATE AGREEMENT

AGREEMENT, dated as of 04/18/2014, (the "Effective Date"), by and between The RepoSystems Group, LLC, having an office at 3751 Main Street, The Colony, TX 75056 (the "Company"), and , with an address at (the "Sales Associate").

WHEREAS, the Company desires to engage the services of the Sales Associate, and the Sales Associate desires to perform services for the Company, on the terms and conditions set forth in this Agreement.

NOW, THEREFORE, in consideration of the mutual promises contained herein, and other good and valuable consideration, the parties agree as follows:

1. Engagement. The Company hereby contracts with the Sales Associate to achieve certain Sales and Marketing goals as set forth by the CEO of the Company. (the "Sales Services").

2. Term of Agreement. The term of this Agreement shall commence on the Effective Date and continue until terminated as provided in Section 7 below (the "Term").

3. Compensation.

The Company shall pay to the Sales Associate, and the Sales Associate shall accept from the Company, as and for the Sales Services to be rendered by the Sales Associate, commissions according to the following schedule:

If the associate has 1-4 users/subscription sales the calculation is as follows:
($5.00 x the number of users)

If the associate has 5-9 users/subscription sales the calculation is as follows:
($8.00 x the number of users)

If the associate has 10-14 users/subscription sales the calculation is as follows:
($12.00 x the number of users)

If the associate has 15-19 users/subscription sales the calculation is as follows:
($15.00 x the number of users)

If the associate has 20-24 users/subscription sales the calculation is as follows:
($18.00 x the number of users)

If the associate has 25 PLUS users/subscription sales the calculation is as follows:
($20.00 x the number of users)

RepoSystems Management tool plan subscription have a 10% monthly residual commission rate. Management tool subscription is defined as any of the Plan A-C management plans available to entities within the repossession industry.

All Hardware products have a 3% commission rate direct ONLY to the Sales Associate performing the sale. This will include any hardware related to LPR (License Plate Recognition), GPS DNA PC applications. It is a ONE TIME commission.

Spotter Location Fees as an agent of RepoSpotter.net will be paid direct to the Sales Associate performing the sale at a rate of $50 per location purchase AFTER each successful recovery.

To qualify for the residual commission compensation the Sales Associate must be active and sell 1 new active subscription per month.

The Direct Sales commission will be in effect until the company moves into a UniLevel (Multi Level Marketing) commission program then the commissions will be as follows:

Each product or service that the Sales Associate may offer to business and individual consumers will have different commission percentages assigned, however the flagship product of the GPS DNA Mobile app subscription is set at a 40% residual commission rate utilizing the UniLevel Direct Sales compensation plan, paying out 3 levels with compression.

RepoSystems Management tool plan subscription have a 10% residual commission rate utilizing the UniLevel Direct Sales compensation plan, paying out 3 levels with compression.

All Hardware products have a 3% commission rate direct ONLY to the Sales Associate performing the sale.

Spotter Location Fees as an agent of RepoSpotter.net will be paid direct to the Sales Associate performing the sale at a rate of $50 per location purchase for each successful recovery.

To qualify for the residual commission compensation the Sales Associate must be active and sell 1 new active subscription per month. An active subscription means one that is current in usage and payment.

Commissions will be paid once per month, on the last business day of any given month, each month determined by the date the Sales Associate executes the agreement accordingly. Example, if the sale associate begins in the middle of the month and has active sales for the period to the end of the month, then the sales associate will receive commissions based on those sales for that period;

Commission payments are made to the Sales Associate via the eWallet on the RepoSpotter.Net site or any other affiliate company site, or other payment methods at the discretion of the Company.

4. The Sales Associate is an Independent Contractor. The Sales Associate shall furnish the Sales Services as an independent contractor, and not as an employee of the Company or any of its Affiliates. The parties intend to have an independent contractor relationship, and do not intend to have a relationship in the nature of an employer-employee, partnership, joint venture or agency. Consistent with the foregoing, the parties acknowledge and agree as follows:

(a) The Sales Associate shall not have any power or authority to act for, represent, or bind the Company or any of its Affiliates in any manner.

(b) The Sales Associate shall not be entitled to participate in any of the employee benefit plans adopted or maintained by the Company or any of its Affiliates, including, without limitation, medical and dental plans, life insurance plan, disability plan, deferred compensation plan, bonus plan, and any other fringe benefits afforded to the Company's employees or those of its Affiliates.

(c) The Sales Associate shall be responsible for the payment of all taxes and business license fees in connection with its receipt of monies from the Company (or its Affiliate) pursuant to this Agreement, including, without limitation, Federal, State and local income taxes, social security tax, Medicaid tax, unemployment insurance tax and any other applicable taxes or business license fees. The Sales Associate further agrees to hold the Company and/or its Affiliates harmless from any taxes which may be assessed in connection with payments to the Sales Associate under this Agreement.

Sales associate will be responsible for providing to Company a completed W-9 form prior to any approval of commission payouts.

(d) Neither party shall represent to any other person or entity that the relationship between the Company (or its Affiliates) and the Sales Associate is anything other than an independent contractor relationship.

5. Confidential Information; Assignment of Inventions and Proprietary Information; Conflict of Interest; Non-Solicitation

(a) The Sales associate acknowledges that he/she shall have access to confidential information concerning the business of the Company (and/or its Affiliates) and the relationships between the Company (and/or its Affiliates), and their respective customers. The Sales Associate further acknowledges that the Company (and/or its Affiliates), have expended substantial monies to develop such information for its sole ownership and use, that such information is a valuable asset of the Company (and/or its Affiliates), and that the Company (and/or its Affiliates), in order to maintain its business, must maintain the confidentiality of such information. Therefore, the Sales Associate agrees that he/she shall not, during the Term or at any time thereafter, use for his own benefit, nor divulge, furnish or make accessible to others any confidential information with respect to the business of the Company (and/or any of its Affiliates). For purposes of this Agreement, "Confidential Information" shall mean any confidential knowledge or information with respect to the business of the Company (and/or any of its Affiliates), including, without limitation, financial reports and projections regarding the Company's (and/or any of its Affiliates') business, agreements to which the Company (and/or any of its Affiliates) is a party, information pertaining to the Company's (and/or any of its Affiliates') properties, operations and systems and computer software, the identity of the Company's (and/or any of its Affiliates') customers, fees paid by the Company's (and/or any of its Affiliates') customers, and the claim/litigation history of the Company (and/or any of its Affiliates). All information and records relating to the business of the Company (and/or any of its Affiliates), made or kept by the Sales Associate, or maintained under the Sales Associate's control, shall be and remain the property of the Company (and/or its Affiliates), and shall be surrendered to the Company (and/or its Affiliates) upon the termination of this Agreement.

(b) The Sales Associate agrees to assign to the Company, or the Company's nominee, all rights in inventions or other proprietary information conceived by the Sales Associate during the course of rendering Sales Services to the Company during the Term.

(c) The Sales Associate agrees that, during the Term, he shall not enter into any activity, business or other arrangement which conflicts with the Company's (and/or any of its Affiliates') interests or Sales Associate's obligations under this Agreement.

(d) The Sales Associate shall not, during the Term and for a period of 5 years thereafter, hire, or solicit or attempt to hire, any person who is an employee of the Company and/or any of its Affiliates and/or any direct Sales Associates.

(e) If the Sales Associate commits a breach, or threatens to commit a breach, of any of the provisions of this Section 5, the Company (and/or its Affiliates) shall have the following rights and remedies, in addition to the rights and remedies already set forth:

(i) The right and remedy to have the provisions of this Agreement specifically enforced by any court having equity jurisdiction, it being acknowledged and agreed by the Sales Associate that the Sales Services being rendered hereunder to the Company (and/or its Affiliates) are of a special, unique and extraordinary character and that any breach or threatened breach shall cause irreparable injury to the Company (and/or its Affiliates), and that money damages will not provide an adequate remedy to the Company; and

(ii) The right and remedy to require the Sales Associate to account for and pay over to the Company (and/or its Affiliates), all compensation, profits, monies, accruals, increments or other benefits (collectively, "Benefits") derived or received as a result of any transactions constituting a breach of any of the provisions of this Section 5, and the Sales Associate hereby agrees to account for and pay over such Benefits to the Company and/or its Affiliates.

(f) Each of the rights and remedies enumerated above shall be independent of the other and shall be severally enforceable. All of such rights and remedies shall be in addition to, and not in lieu of, any other rights and remedies available to the Company (and its Affiliates) at law or in equity.

(g) The provisions of Sections 5(a), 5(b), 5(c), 5(d), 5(e) and 5(f) of this Agreement shall survive the expiration of the Term of this Agreement and shall survive the earlier termination of this Agreement.

6. Assignability; Successors.

(a) This Agreement, and the Sales Associate's rights and obligations hereunder, may not be assigned by the Sales Associate or assumed by another. This Agreement shall inure to the benefit of, and be enforceable by, the Company's assignees or legal representatives.

(b) The Company may assign its rights and obligations hereunder, without the consent of the Consultant, to any of its Affiliates, to a purchaser of all or substantially all of the Company's assets, or to an entity with which the Company merges or consolidates. In the case of any assignment, the Company shall require the assignee to expressly assume and agree to perform this Agreement in the same manner and to the same extent as the Company would be required to perform if no assignment had taken place.

7. Termination. The Company may terminate this Agreement immediately and/or prior to the expiration of the Term, upon notice to the Sales Associate, if, in the sole discretion and opinion of the Company, the Sales Associate fails to perform the Sales Services or violates any provision of this Agreement. Non-Payment of the associates subscription fee will be cause for immediate termination.

8. Miscellaneous Provisions.

(a) Entire Agreement. This Agreement represents the parties' entire agreement concerning the subject matter hereof and integrates all previous oral and written agreements and understandings between them. The parties mutually acknowledge that any representations they made or raised prior to the execution of this Agreement are void unless made a part of this Agreement.

(b) Effectiveness. This Agreement is effective on the date first set forth above.

(c) Subsequent Documents. The parties agree that each will timely execute any further documents that will be reasonably necessary to effect any term, condition, warranty or other part or aspect of this Agreement, or as necessary or required under applicable laws, rules and/or regulations. Without limiting the generality of the foregoing, Sales Associate agrees to execute a HIPAA Subcontractor Services Agreement in favor of the Company (and its Affiliates) if required.

(d) Amendment. No provision of this Agreement may be amended, augmented or in any way modified expect in writing, signed by a duly authorized representative of each of the parties.

(e) Waiver. No failure to exercise, and no delay in exercising by either of the parties, any right, power or privilege granted by this Agreement, nor consent to any nonperformance under or breach of this Agreement, shall be binding unless the party to be bound properly delivers a writing, signed by a duly authorized representative, expressly stating what has been waived or consented to. There will be no implied waivers or consents. No waiver respecting an expressly identified term or provision, or consent to an expressly identified act or omission, shall have any effect on the balance of this Agreement, or the balance of a party's conduct.

(f) Invalidity. If any one or more of the provisions contained in this Agreement, or any part of them, is construed to be invalid and unenforceable, the same shall not affect the remainder of such provisions, which shall be given full effect regardless of the invalid portions, and the parties shall attempt to agree upon valid and enforceable provisions which shall be a reasonable substitute for such invalid or unenforceable provisions in light of the tenor of this Agreement and, upon so agreeing, shall incorporate such substitute provisions into this Agreement. If the courts of any one or more jurisdictions shall hold all or any part of the provisions contained in this Agreement unenforceable by reason of the breadth or scope thereof or otherwise, it is the intention of the parties that such determination shall not bar or in any way affect their right to relief in the courts of any other jurisdiction with regard to a party's failure to observe such provisions in such other jurisdictions, the above provisions as they relate to each jurisdiction being, for this purpose, severable into diverse and independent provisions.

(g) Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, and such counterparts shall together constitute one and the same instruments.

(h) Headings. The headings used in this Agreement have been inserted only to assist with reference and are not a part of the parties' intended agreement.

(i) Definition of "Affiliate". For purposes of this Agreement, the term "Affiliate" or "Affiliates" shall mean, with respect to the Company, any other corporation, partnership or other business entity that directly or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control with, the Company or the shareholders and/or officers of the Company.

9. Refunds. There are no refunds for the GPS DNA or RepoSpotter services.

10. Setup Fees and pricing. $50 Setup Fee and $50 per month per user/mobile device.

This entire agreement has been accepted by the Sales Associate as part of the "Electronic Signatures In Global And National Commerce Act of 2000", better known as the E-Sign act. In addition we have captured your IP address for the verification thereof. The documents have been sent via email to the email addresses that you provided.

I have read and agree to Sales Associate Agreement.

 
Here

Here’s how it would work.

1.     Receive an alert through the GPS DNA app that you are within 1 mile of an opportunity address.

2.     Accept the opportunity on your smart phone.

3.     Receive driving directions to the location.

4.     Receive vehicle information when you are within 150 feet of the opportunity.

5.     Locate the vehicle.

 

I found it! Now what?

1.     Call the company who is holding the repossession order on the vehicle, by using the call button on the app.

2.     If you are a spotter, offer to provide the vehicle location. If you are a repossession agent, offer to pick up the vehicle.

3.     Come to an agreement with the company.

4.     A link is sent from the phone app to the company’s email notifying them of the fee you want to charge for the find or the repossession.

5.     They accept by following the steps provided in their email. (Note: They will need to have available funds in their RS wallet in order to accept. If they do not, they will need to fund their wallet with a credit card or a check by fax before they can make the purchase from you.)

 

How would I get my money?

1.     After they accept, funds move immediately from their RS wallet to your RS wallet.

2.     Send a request to RS and tell us how you would like your money sent to you. For a small processing fee, we can send you a check or a direct deposit directly to your bank account.

3.     It’s really that easy!

PLEASE TAKE NOTE THAT REPOSPOTTER HAS NO DECISION MAKING AUTHORITY WITH RESPECT TO THE ACTUAL RECOVERY OF THE ASSET. LENDERS, PROVIDERS, RECOVERY AGENTS, AND/OR REPOSSESSION COMPANIES ARE RESPONSIBLE FOR DECIDING WHETHER TO RECOVER OR REPOSSESS THE ASSET. THIS MEANS THAT ALTHOUGH YOU MAY HAVE LOCATED AN ASSET LISTED ON REPOSPOTTER, YOU WILL NOT RECEIVE YOUR FINDER’S FEE OR ANY REWARD IF THE LENDER, PROVIDER, RECOVERY AGENT, AND/OR REPOSSESSION COMPANY DECIDES NOT TO REPOSSESS OR RECOVER THE ASSET. ADDITIONALLY, REPOSPOTTER WORKS DILIGENTLY AND CLOSELY WITH LENDERS, PROVIDERS, RECOVERY AGENTS, AND/OR REPOSSESSION COMPANIES TO CONTINUALLY AND SEASONABLY UPDATE THE ASSETS LISTED ON REPOSPOTTER. HOWEVER, THE PROCESS IS NOT PERFECT AND REPOSPOTTER MAKES NO GUARANTIES OR WARRANTIES (EXPRESS, IMPLIED OR OTHERWISE) THAT THE ASSET LISTED ON REPOSPOTTER IS CURRENTLY SUBJECT TO RECOVERY OR REPOSSESSION. THIS MEANS THAT ALTHOUGH YOU MAY HAVE LOCATED AN ASSET LISTED ON REPOSPOTTER, YOU WILL NOT RECEIVE YOUR FINDER’S FEE OR ANY REWARD IF THE ASSET IS NO LONGER SUBJECT TO RECOVERY OR REPOSSESSION.