Salt Lake Union for Financial Freedom Consortium Agreement

The contract for SLUFF, a 'virtual commune' meant to collectivize the financial health of like-minded individuals. Based heavily on the template contract found here: https://www.cleansky.eu/sites/default/files/doc...

Salt Lake Union for Financial Freedom Consortium Agreement

This consortium agreement for the Salt Lake Union for Financial Freedom (SLUFF) is made on DATE between all the individuals who have entered into the consortium by signing Attachment 1, referred to here as Members.

Section 1: Definitions

"Salt Lake Union of Financial Freedom" or "SLUFF" or "The Consortium" means the consortium established by this agreement, including all of the individuals which have signed;

"Member" means an individual who has joined SLUFF by signing Attachment 1;

"Effective Date" means the date when the first Member entering into SLUFF by signing Attachment 1;

"Entitlements" mean money payments made by the Consortium to Members from their balance of Reciprocal Funds;

"Reciprocal Funds" are the sum of payments made by a Member to SLUFF above and beyond the money the Member may owe SLUFF which are eligible for earning Reciprocity Points;

"Reciprocity Points" are a numerical representation of how much and how long a Member has been contributing or borrowing from the

Section 2: Purpose

Section 3: Entry into force, duration and termination

Section 4: Responsibility and Liability

Section 5: Governance structure

Section 6: Financial provisions

Section 7: Results

Section 8: Miscellaneous

Attachment 1: Membership Agreement