Page 54 - SG_English HandBook

Glossary of Defined Terms

CHAPTER 6

Glossary of Defined Terms

Company Refers to Nefful International, including its domestic and overseas business premises, which adopts
a direct sales business model.

Independent Any persons who may earn commissions, bonuses and other benefits by engaging in the plans of a
Distributor(s) multi-level marketing enterprise and promoting or selling goods or services, and who may earn
commissions, bonuses and other benefits by introducing other persons to participate, to promote,
sell goods or services or to introduce more persons.

Sponsor(s) An Independent Distributor who successfully recruited another person to become an Independent
Distributor under his or her distributorship.

International Refers to the Independent Distributors who have applied for overseas distributorships and have
Sponsorship received the right to sell the products in the said market and introduce others to participate.

Distributor Kit The only product to be purchased by the Independent Distributors to assist them in developing and
conducting their direct selling business.

Business Entities Refers to any business entity, such as a company, partnership, limited liability company, trust
Registration institution, or other business organization legally established according to the location of that
organization.

Spouse Joint Refers to the combined distributorship of a husband and a wife with one as the main representative
Distributorship and the other one as the supplementary representative to jointly operate the distributorship, but the
husband and wife must be of the same organization.

Inheritance of Refers to the distributorship right belonging to the Independent Distributor which can only be
Distributorship inherited if the Independent Distributor is an Area General Manager.

Transfer of Refers to the transfer of all distributorship rights to others.
Distributorship

Stockpiling It means that Independent Distributors should determine the purchase quantity based on
reasonably estimated retail sales as well as personal needs.

Product Statement Refers to a statement about the nature or efficacy of the product.

Re-purposed Refers to a new product which is modified, tailored, with added patterns or designs etc., with the
products Company’s product as the material, which is different from the original product. “Different” is not
limited to the change in the purpose but also include the change in the appearance of the product.

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