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A membership agreement is a contract between your business and users or customers to outline the expectations for both parties. The specifics of the agreement depend on the type of business or service you offer and how you expect users to interact. The membership agreement should cover all the specifics for items such as restrictions, fees, obligations, privacy, and liability claim exemptions to protect you as the business owner.
A Membership Agreement is a pretty common document by which one party, the member, becomes a regular patron of the other party, the group, or the organization. For anyone that's ever joined a gym, it's likely a Membership Agreement has been at the heart of the parties' relationship.
1. What is the membership policy?
Membership Policy means a life insurance policy for an amount, the monthly premium of which is equivalent to two, five, or six per centum of an employee's monthly salary or compensation.