IRTA & QOIN Co-Host Conference On
Complementary Currency Systems
Reciprocal Trade Association (IRTA) invites you to attend QOIN’s
Second International Conference on Complementary Currency Systems to
be held on June 21, 2013, in The Hague, The Netherlands. The event,
organized by IRTA member QOIN, is part of a five-day conference that
includes programs for academics and practitioners.
At the conference
you will gain knowledge on cutting-edge systems of trade exchanges,
time banks, energy-backed currencies, digital currencies, transition
currencies and much more.
You will learn how
complementary currencies are instrumental to combat unemployment,
support the local economy, and enhance community networks. You will
also get more insights on legal issues, besides exploring how such
systems can be employed to meet social goals while saving on
government budget expenses.
The June 21
conference (held on Friday) is attractive for professional
practitioners, policy-makers, government officials, and academics
working in the field of community currencies. There will be nine
IRTA members presenting in five workshops. Join the debate on the
future of currencies in a varied program with shows, games, and
You can also
participate in the academic strand of the conference on June 19 and
20, and in the sessions dedicated to practitioners and grassroots
organizations on June 22 and 23.
information and registration,
Is Your Trade Exchange Missing Out On
Valuable New Business?
your barter company’s listing on BarterNews.com isn’t current, you
are definitely missing out on new business. The web site
BarterNews.com receives heavy traffic — with over 150,000 page-views
every month. Entrepreneurs and corporate executives check the
thousands of articles, the weekly “Tuesday
Report,” and the “Contacts
Section” of our site. They use the latter to find barter
companies with which to do business.
your barter company’s listing up-to-date?
keep your listing current is very easy. See the links below to (A)
update any changes to your company’s listing, such as new location,
phone number, web site or other information, and (B) if your company
has not been listed.
Here’s how to get on board:
make changes to your listing
The National Association
of Trade Exchanges (NATE) is especially excited to announce that
they will be utilizing new Trade Studio software for NATE
transactions beginning June 1, 2013.
Trade Studio’s chief
engineer, Kurt Bradley, brings his 13 years of experience developing
technology solutions for the barter industry to NATE and the Banc
for the first time. He explains that the NATE Marketplace will build
upon the strengths of the Banc
inter-exchange trading environment while delivering robust,
enterprise-level marketing features and capabilities that respond to
and anticipate the core users’ needs in a way that up until now has
not been possible.
The new NATE Marketplace
is being built upon the proven foundation of the Trade Studio
transactional platform. “This new platform,” Bradley asserts, “will
make daily trading easier and more intuitive for the exchange user.
Even better, the longer term impact of this exciting new tool will
make sure that the benefits of NATE and Banc
membership roll all the way through to the most important person in
the barter economy: the trade exchange clients. We can look forward
to a trading environment that actually accelerates trade volume at a
NATE president Ric
Zampatti states, “We were looking for a customized, user-friendly
software for our members to go along with new direction we are
taking this year, as we are very proactive in growing our
association. Trade Studio should help bridge the gap and help
activity. Our ultimate goal to increase Banc
awareness and productivity; the new NATE Marketplace has the ability
to do so.”
An introductory session
for Trade Studio is planned for the 2013 NATE Convention in Little
Rock this May. Members will get a first-hand look at the new
software, and an opportunity to interact with Mr. Bradley while
learning the benefits of the new NATE Marketplace.
For more information
about the convention and to register,
Or contact Banc
broker Lauren Pound, either at (678) 302-6772 or
Reciprocal Trade Association Announcement
IRTA Suggests Due
Diligence On Franchise & License Agreements
The growth of the barter
industry has caused an increase in the number of franchises,
licenses and business opportunities being offered by barter related
organizations in an attempt to expand their geographic reach and
brand. Barter industry members and consumers need to be cautious and
perform extensive due diligence to assure the legitimacy of such
In the U.S., when barter
companies offer to sell their company name and business
methodologies to a “franchisee” or “licensee,” the transaction is
normally subject to Federal Trade Commission (FTC) regulations which
require a Franchise Disclosure Document (FDD) be provided to every
potential buyer at least 14 days prior to a contract being signed
and money being paid. The detailed and lengthy Financial Disclosure
Document (FDD) is designed to provide a potential buyer sufficient
information so as to make an informed decision. The FDD has been
required in all states since July, 1, 2008.
Under the FTC’s
“Disclosure Requirements and Prohibitions Concerning Franchising and
Business Opportunity Ventures,” Code of Federal Regulations, Title
26, Chapter 1, Subchapter D, Part 36, (better known as the FTC
Franchise Rule), anyone who offers, sells or distributes goods,
commodities or services is considered to be involved in the sale of
a franchise if they:
Have a trademark, trade name, advertising or other commercial
symbol the recipient can use in its business;
Provide significant assistance to their customer (or client)
in that person’s method of operation, and;
Charge a fee for their services. If a business model meets
these three criteria, regardless of whether that business is called
a franchise, that business model falls under the FTC’s Franchise
Rule and must comply with all federal and state franchise laws,
rules and regulations.
The language that is
used to describe the business arrangement, be it license,
distributorship, business opportunity, etc. is irrelevant to U.S.
government regulators. The often attempted spin that “licensing
avoids franchise regulation because it is based in contract law
rather than franchise law” is regularly rejected by government
regulators and results in significant fines being assessed against
the offering company for non-compliance. Non-compliant activity is
deemed as an unfair or deceptive act or practice that is in
violation of Section 5 of the Federal Trade Commission Act.
A “license” for a
specific region or territory in the barter industry is almost always
considered a “franchise in disguise” because it does not abide by
the regulatory franchise filing requirements of the FTC. Individuals
and companies who are considering purchasing a “license, territory
or franchise” from an existing barter organization need to be aware
of the legal obligation the offering company has to provide the
proper Franchise Disclosure Documents (FDD). Paying money to a FTC
non-compliant individual or company for a “franchise in disguise” is
effectively wasting money on a mirage.
worldwide have franchising laws that are similar to the U.S.’s laws.
* The fifteen states
listed below have their own state franchise investment laws that
require franchisors to register the FDD with the state. Thirteen of
these state laws treat the sale of a franchise like the sale of a
security. They typically prohibit the offer or sale of a franchise
within their state until a franchise offering circular has been
filed on the public record with, and registered by, a designated
state agency. (The FTC’s FDD still must be provided to a potential
buyer in the other thirty-five sates that do not have specific state
laws regarding franchising registration.)
Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North
Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington,
NOTE: THE CONTENT OF
THIS ADVISORY DOES NOT CONSTITUTE LEGAL ADVICE AND SHOULD NOT BE
RELIED UPON AS SUCH.
For more information,
To file a complaint with
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