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Regulation 6 Written contracts and rights of participants

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Subject to paragraph (2) of this regulation a promoter of, or a participant in, a selling scheme shall not –

(a)

supply goods or services to a participant in the scheme; or

(b)

provide any goods or services under a transaction effected by such a participant; or

(c)

be a party to any arrangement under which goods or services are supplied or provided as aforesaid; or

(d)

accept from any such participant any payment or undertaking to make a payment in respect of any goods or services supplied or provided as mentioned in any of the preceding paragraphs or in respect of any goods or services to be so supplied or provided, UNLESS –

(i)

the parties have signed a written agreement which contains all the terms of the agreement under which the relevant participant is participating in the scheme and which complies with regulation 7; and

(ii)

a copy of that agreement has been furnished to the participant joining the scheme.

(2)

This regulation (and regulations 7 and 8) shall not apply to anything done under or in connection with agreements entered into before 1st March 1990.