Code of Ethics
User(s) of the Bit Ultra website and service are informed of and agree that:
Their membership in Bit Ultra and all rights and benefits associated with such a membership (position in the network, eligibility for bonuses and discounts, etc.) may be suspended or cancelled if they consciously and repeatedly act and behave in a way that is contrary to the provisions and the spirit of the Terms. Members are liable for any losses and/or damages caused by such violations of the Terms.
Partners will be responsible for the wellbeing of their customers and, as sponsors, for the development of their partners they introduced to the Bit Ultra opportunity. Partners will conduct their business in a decent and honest manner that reflects the high ethical standards of the Bit Ultra system. They can expect the same behaviour and treatment from other members of their groups.
Partners will present the products and the business opportunity offered by Bit Ultra in an honest and realistic way without any exaggeration or undue euphemism. Naturally, partners are free to give a personal account of their own experiences and successes. They will not promise quick money or fast success as these promises are foreign to Bit Ultra. Partners must take responsibility for any potential loss or damage resulting from non-compliance.
Partners of Bit Ultra will refrain from publishing written or oral statements that are not part of Bit Ultra own official marketing and promotion material. Partners are responsible for maintaining and building the good reputation of Bit Ultra and its management, staff, employees, and representatives even after the eventual cessation or termination of the cooperation agreement between partners and Bit Ultra.
Should partners have any questions and issues regarding the products and/or the business opportunity, they should first consult their upline sponsor(s). Should there be any uncertainty about the Terms or any of its provisions, the sponsor(s) and Bit Ultra will make every effort to clarify them. Bit Ultra makes every possible effort to align all aspects and areas of its activities with prevailing rules and legal requirements.
Partners will not use the occasion of company events and meetings to promote the products and/or services and/or opportunities offered by other marketing systems. Partners will not use any of their contacts they made in Bit Ultra to promote other business opportunities or products or services. They will not recruit members from the ranks of the Bit Ultra network into other marketing systems, especially not for any other business with a profile that is similar to that of Bit Ultra.
To preserve the integrity and stability of our business, and to recognize the hard work of our leaders, Bit Ultra, as a general rule, will not support any request from its partners to change their sponsor(s). Bit Ultra believes it is important to safeguard the hierarchy in the network.
Partners may ask the company to place them in a new structure if, and only if it has been proven that unethical, misleading, and dishonest methods and practices had been applied when they were sponsored. Such requests will be carefully investigated and ruled upon. Requests may be honoured if all partners affected by a change of sponsors agree to such a change in writing. Bit Ultra will investigate thoroughly any accusations of unethical conduct and act if necessary.
Some partners, driven by uncontrolled enthusiasm, may occasionally make the mistake of painting unrealistic or misleading visions about income expectations. This may disappoint many new partners as not everybody will reach the same high levels of success over a given time frame. Bit Ultra recommends that partners share their own personal success stories instead of making idealistic statements.
Partners are not allowed to present the products, services and the business opportunity offered by Bit Ultra together with other products, services, and opportunities because this may create the false impression that there might be a link or connection between different systems and companies. Likewise, partners should not promote products, services and business opportunities offered by other companies within the Bit Ultra system.
Any public degradation of Bit Ultra and its products, services, compensation plan, employees and management will be regarded as a blatant breach of the rules contained in the Terms and the Code of Ethics. Any predatory behaviour deemed damaging to the company’s brand, name and business will also be deemed a blatant breach of the rules contained in the Code of Ethics.
Any violation of the Terms and the Code of Ethics will result in convening the Ethics Committee, consisting of upline of the partner accused of the violation, a representative of Bit Ultra management and an outside expert. It is the Ethics Committee’s exclusive right to:
- issue written warnings;
- impose fines, deductible from bonuses;
- suspend qualification for one or several types of bonuses;
- suspend the position for a determined time period;
- terminate the violating partner’s position;
- take any other step all members of the Ethics Committee regard as reasonable and appropriate to remedy the situation and fix any damages incurred because of violating the Terms and/or the Code of Ethics.
Death of a partner. Positions with all bonuses, accumulated BV, rights to discounts, qualifications, rank, and entitlements are inheritable, under the rules and regulations of inheritance law of the given country. If a deceased partner’s position is inherited by more than one person, the beneficiaries must form a legal entity with a tax number which entity will be the new partner of Bit Ultra. Bit Ultra will only pay bonuses to that legal entity.