1. Introduction
1.1 About this Agreement
This Treasurer Partner Agreement ("Agreement") sets out the terms on which an individual ("you" or "the Treasurer") participates in the Circlworld Community Growth Program (the "Programme") and acts as a community treasurer on the Circlworld platform.
This Agreement is entered into between you and the Circlworld entity identified in Clause 1.4 below ("Circlworld", "we", or "us").
1.2 Relationship to other Circlworld documents
This Agreement is read together with:
(a) the Terms of Service at circlworld.com/legal/terms, which governs your use of the Circlworld platform as a member; (b) the Privacy Notice at circlworld.com/legal/privacy; (c) the Acceptable Use Policy at circlworld.com/legal/acceptable-use; (d) the Risk Disclosure at circlworld.com/legal/risk-disclosure, which describes the specific risks of acting as a treasurer in the member-to-member custody model; (e) the Programme Rules published at circlworld.com/treasurers/rules and updated from time to time in accordance with Clause 16.
In the event of inconsistency between this Agreement and the documents listed above, this Agreement prevails on matters specifically concerning the Programme. The Terms of Service prevails on matters concerning your general use of the platform.
1.3 Constitutive terminology
Two terms used throughout this Agreement have distinct meanings:
"Circlworld" (capital C, no final "e") refers to the operating company, the protocol, and the platform.
"Circle" (with final "e") refers to a specific community savings group — a rotating savings and credit association formed by members.
You participate as a Treasurer of one or more circles, coordinated through Circlworld.
1.4 The contracting Circlworld entity
The Circlworld entity with which you contract under this Agreement is determined by your ordinarily-resident country at the time of enrollment:
(a) If your ordinarily-resident country is Jamaica or any country other than the United Kingdom, you contract with:
Circlworld Technology Limited, a company incorporated in Jamaica with registration number [TBD], whose registered office is at [TBD], Kingston, Jamaica ("Circlworld Jamaica").
(b) If your ordinarily-resident country is the United Kingdom, you contract with:
Circlworld Technology Ltd, a company incorporated in England and Wales with registration number [TBD], whose registered office is at [TBD] ("Circlworld UK").
1.5 Plain-language summary (non-binding)
The provisions of this Agreement are legally binding in the form set out below. To assist your understanding, the following plain-language summary describes the substance in non-binding form. The summary is not a substitute for reading the full Agreement.
(a) You are joining the Community Growth Program as an independent contractor — not as an employee of Circlworld. You remain a Circlworld member, with the added relationship of being a treasurer partner.
(b) You earn money through three mechanisms: activation bonuses when your members qualify (£5 each after 60 days active and meeting all 6 conditions), tiered residual earnings on Pro subscription revenue from members in your circles (15% to 20%), and additional bonuses for member retention and community health.
(c) You progress through five Identity Levels (Community Builder → Ambassador) as your active member count grows. Higher levels unlock recognition, premium tools, and leadership opportunities.
(d) You hold contributed funds in your own bank account between collection and payout (Phase 1 custody model). Circlworld does not custody these funds. Your fiduciary duty in respect of contributed funds runs to the circle members, not to Circlworld.
(e) You pay Circlworld a monthly coordination fee for each circle (1.5% of volume capped at £35/circle/month). Your earnings and fees are netted into a single monthly transaction — you receive a net payment if earnings exceed fees, or pay a net amount if fees exceed earnings.
(f) You are responsible for your own tax filings. Circlworld provides annual income statements but is not your tax adviser and does not withhold tax (except where required by law).
(g) Either you or Circlworld can end this Agreement with 30 days' notice. Earnings already qualified at termination are paid out; future earnings on members already brought continue for 12 months unless terminated for cause.
(h) Disputes are resolved first through Circlworld's complaints process, then through courts of the applicable jurisdiction.
2. Eligibility and Enrollment
2.1 Eligibility
To enroll as a Treasurer Partner, you must:
(a) be at least 18 years of age; (b) hold an active Circlworld member account that has been registered for at least 30 days; (c) have completed Tier 1 KYC verification (or higher) and remain in good standing; (d) not have any unresolved disputes filed against you on the platform; (e) not have been suspended from any Circlworld programme in the prior 12 months; (f) have a verifiable bank account, payment service account (Wise, Revolut), or equivalent payment instrument in your jurisdiction of residence, capable of receiving and sending funds in the local currency; (g) accept the Terms of Service, Privacy Notice, Acceptable Use Policy, Risk Disclosure, and this Agreement; (h) successfully complete the Treasurer Onboarding process (Clause 2.3 below).
2.2 Application process
To apply for enrollment, you submit the Treasurer Partner application through the platform at circlworld.com/treasurers/apply. Your application includes:
(a) confirmation of the eligibility criteria in Clause 2.1; (b) your tax residence country and (where applicable) tax identification number; (c) the payment method you nominate to receive earnings and to be debited for coordination fees; (d) an acknowledgment of the Treasurer Fiduciary obligations described in Clause 6.
Circlworld reviews each application. Approval is at Circlworld's reasonable discretion, with criteria including (but not limited to): the applicant's prior platform conduct, KYC compliance status, suitability for the Programme, and operational capacity to support new treasurers in the relevant jurisdiction.
2.3 Treasurer Onboarding
Upon approval, you complete a Treasurer Onboarding process that includes:
(a) acknowledgment of the Treasurer Fiduciary acknowledgments (Clause 6.2); (b) review of Programme Rules and Health Metric definitions; (c) review of jurisdiction-specific tax guidance; (d) configuration of your payment method; (e) (where applicable) jurisdiction-specific compliance acknowledgments.
Each step is recorded in your consent log.
2.4 Effective date
This Agreement takes effect on the date Circlworld confirms your enrollment as a Treasurer Partner. Earnings under the Programme accrue from that effective date forward; member activity prior to the effective date does not generate retrospective bonuses.
3. Nature of the Relationship
3.1 Independent contractor classification
You are not an employee, agent, or worker of Circlworld. Your relationship with Circlworld under this Agreement is that of an independent contractor.
In particular:
(a) you have no entitlement to employment benefits (holiday pay, sick pay, parental leave, pension contributions, redundancy, etc.) under this Agreement; (b) you bear sole responsibility for your tax filings, social security contributions, and other statutory obligations in your jurisdiction(s) of residence; (c) Circlworld does not provide you with equipment, workspace, training, or supervision in the manner of an employer; (d) you exercise independent judgment in how you build and maintain community relationships, subject to the Programme Rules; (e) you may engage in other commercial activities, including activities that may compete with Circlworld, provided you do not breach the conduct standards in Clause 9 and do not breach any specific non-compete obligation expressly agreed in writing; (f) the Programme is one of multiple income sources you may have; Circlworld makes no representation that the Programme will be your sole or primary income.
3.2 Mutual recognition
The independent contractor classification is intended to reflect the genuine nature of the relationship between you and Circlworld. We both acknowledge:
(a) you are a community builder participating in the ecosystem you help create, not a salesperson; (b) Circlworld provides the infrastructure, brand, and economic framework; you provide community relationships, time, and effort; (c) the value flows in both directions: you contribute to Circlworld's growth, Circlworld contributes to your economic and professional progression; (d) this relationship is collaborative and ongoing, not transactional and one-off.
3.3 No partnership, joint venture, or agency
Nothing in this Agreement creates a partnership, joint venture, or agency relationship between you and Circlworld. You may not bind Circlworld to any obligation, make representations on behalf of Circlworld beyond those expressly authorised, or hold yourself out as authorised to act on Circlworld's behalf.
3.4 Jurisdiction-specific considerations
Jamaica: Your status as an independent contractor is acknowledged under Jamaican law. You are responsible for registering as self-employed where required, filing income tax returns with Tax Administration Jamaica (TAJ), registering for GCT if your annual gross revenue exceeds the threshold (currently J$10 million per annum, subject to change), and making National Insurance Scheme (NIS) contributions where applicable.
United Kingdom: Your status as an independent contractor is intended to fall outside the scope of HMRC's deemed employment rules (including IR35 considerations where relevant). You are responsible for registering as self-employed if your annual gross revenue exceeds £1,000, filing self-assessment returns with HMRC, registering for VAT if your annual gross revenue exceeds the threshold (currently £90,000 per annum, subject to change), and making National Insurance contributions.
United States (when applicable): Your status as an independent contractor is acknowledged under U.S. federal law. You are responsible for filing federal income tax returns, state income tax returns (where applicable), making quarterly estimated tax payments, and complying with state-specific self-employment regulations (including California AB5 where applicable).
You should consult a qualified tax adviser in your jurisdiction. Circlworld does not give tax advice.
4. The Programme Mechanics
4.1 Activation Bonus
You earn an Activation Bonus of £5 (or 1,500 JMD, or equivalent local currency) for each qualifying member, paid one-time per member.
A member is "qualifying" when ALL of the following six conditions are satisfied:
(a) the member has upgraded to the Pro tier of the Circlworld platform; (b) the member has completed identity verification at Tier 1 (KYC) or higher; (c) the member has remained active for a continuous period of sixty (60) days following enrollment in a circle administered by you, where "active" means logging into the platform and taking at least one platform action in each 30-day window; (d) the member has joined an active circle administered by you; (e) the member's first contribution cycle in that circle has successfully started; (f) the member's participation has been verified through at least one confirmed contribution attestation in the dual-attestation flow.
The Activation Bonus is calculated automatically by the platform when all six conditions are met. The bonus is paid in your monthly settlement following the qualification month, subject to fee netting (Clause 4.7).
4.2 Tiered Residual Earnings
You earn a Tiered Residual based on the number of active Pro members in circles you administer:
| Active Pro Members | Tier | Base Rate | |---|---|---| | 1–50 | Tier 1 | 15% | | 51–150 | Tier 2 | 17.5% | | 151+ | Tier 3 | 20% |
The Residual is calculated as: active Pro members' Pro subscription revenue × applicable rate, paid monthly.
A member is "active Pro" if they hold an active Pro subscription (not lapsed) and have logged into the platform within the preceding 60 days.
4.3 Retention Bonus
Additional bonus rates apply based on the duration of member retention:
| Member's Active Days | Retention Bonus | |---|---| | 90+ days | +0.5% | | 120+ days | +1.0% | | 150+ days | +1.5% |
The Retention Bonus is added to your applicable base Tier rate. Once a member crosses a retention threshold, their bonus contribution to your Residual rate persists for as long as they remain active. If they lapse, the bonus is removed.
4.4 Community Health Multiplier
A Community Health Multiplier increases your Residual rate based on the health of communities you administer:
| Health Status | Multiplier | |---|---| | Healthy Community | +2% | | Exceptional Community | +3% |
Health Status is determined by the following metrics, evaluated monthly:
(a) contribution consistency (90%+ on-time attestation rate across your circles); (b) member retention (80%+ of members remain through completed cycles); (c) completed circles (at least one circle completed a full cycle in the prior 12 months for established treasurers; not applicable for new treasurers in their first 12 months); (d) governance participation (50%+ member voting participation on circle matters); (e) dispute rate (less than 5% of contributions disputed); (f) trust profile quality (aggregate trust profile of your members); (g) community endorsements (active endorsement activity within your circles); (h) reserve participation (if your circles operate Circle Reserves, member participation rate).
A "Healthy Community" status requires meeting six (6) or more of these metrics at "good" thresholds. An "Exceptional Community" status requires meeting seven (7) or more at "excellent" thresholds. Specific threshold values are published in the Programme Rules and may be updated in accordance with Clause 16.
4.5 Identity Levels
You progress through five Identity Levels based on the total active members across all circles you administer:
| Identity Level | Active Members Required | |---|---| | Community Builder | 10 | | Circle Leader | 50 | | Regional Coordinator | 150 | | Community Partner | 500 | | Circlworld Ambassador | 1,000 |
Each level unlocks recognition, premium tools, and (at higher levels) additional opportunities described in the Programme Rules.
You may be demoted from a higher level to a lower level if your active member count falls below the threshold for the higher level for a sustained period of 60 days. Demotion is automatic and notified to you. Demotion does not affect Residual rates on members already brought (subject to Clause 4.2 tier eligibility).
4.6 Effective Residual Rate calculation
Your Effective Residual Rate is calculated as:
Base Tier rate + Average Retention Bonus across your members + Community Health Multiplier
The Effective Residual Rate is applied to the Pro subscription revenue generated by active Pro members in circles you administer, on a monthly basis.
4.7 Fee Netting and Monthly Settlement
Each month, Circlworld performs a Monthly Settlement that nets your Programme earnings against the coordination fees you owe.
Monthly Settlement calculation:
Monthly Settlement = (Activation Bonuses Qualified in Period) + (Residual Earnings for Period) – (Coordination Fees Owed for Period)
If the Monthly Settlement is positive, Circlworld pays you the net amount via your nominated payment method, typically within five (5) business days of the close of the billing period.
If the Monthly Settlement is negative, Circlworld debits the net amount from your nominated payment method, typically within five (5) business days of the close of the billing period.
If the Monthly Settlement is zero, no transaction occurs.
You receive a Monthly Statement detailing all components: each Activation Bonus, the Residual calculation, the Coordination Fees, and the net amount.
4.8 Currency
Earnings are denominated in your local currency where reasonably practicable: GBP for UK treasurers, JMD for Jamaican treasurers, USD for U.S. treasurers (when applicable). Where Pro subscription revenue is collected in a different currency, conversion is performed at the prevailing exchange rate at the time of settlement, less any reasonable conversion costs.
4.9 Payment delays and failures
If a payment to you fails for reasons within Circlworld's reasonable control (e.g., platform error), the payment is retried at the earliest reasonable opportunity, with the original due date preserved for purposes of any contractual entitlement.
If a payment to you fails for reasons outside Circlworld's reasonable control (e.g., your bank account closure, change of payment details, your jurisdiction's restrictions), you are notified, and the payment is held pending your correction of the issue. Earnings are not forfeited; they accrue pending resolution.
If a payment from you (in a Monthly Settlement where you owe a net amount) fails, Clause 11.2 (Coordination Fee billing failure) applies.
5. Holding Funds — Treasurer Custody (Phase 1 Model)
5.1 The member-to-member custody model
As described in the Risk Disclosure and the Custody Framework Charter v1.0, the Circlworld platform operates a three-category custody framework. For Category A (regular cycle contributions, single-jurisdiction Circles), the default operating model is member-to-member custody.
In this model, you — as Treasurer — do NOT hold contributed funds. Each round, members contribute directly through their own bank accounts to whichever member is due that cycle's payout. You govern the rotation, record each contribution on the platform, and confirm each payout. Funds are held by the members themselves, in a dedicated Circle account, or by a partner institution — never by Circlworld and never by your personal account.
5.2 Your fiduciary obligations
Your fiduciary obligations in respect of contributed funds are owed to the other members of each circle you administer, not to Circlworld.
Circlworld is not a party to the financial arrangement between you and the circle members. Circlworld provides the coordination, audit, and accountability infrastructure that makes the arrangement observable, but Circlworld does not custody, guarantee, or insure the contributed funds.
Specifically, as Treasurer, you must:
(a) keep contributed funds segregated from your personal funds in practice. The recommended practice (as guided by Circlworld's AI-assisted treasurer guidance) is to maintain a dedicated bank account, sub-account, or savings goal feature designated exclusively for circle funds;
(b) not use contributed funds for personal purposes at any time, even with the intention of replacing them;
(c) disburse payouts on the agreed schedule, in accordance with the circle's rotation and the dual confirmation payout mechanism applicable to that circle;
(d) confirm receipt of contributions promptly in the platform's dual-attestation flow (typically within 72 hours, after which auto-confirmation applies);
(e) maintain accurate personal records of every contribution received and every payout disbursed, in addition to the records the platform maintains automatically;
(f) respond to member enquiries about contributions and disbursements within a reasonable time (no later than 5 business days under normal circumstances);
(g) cooperate constructively with dispute resolution where disputes arise.
5.3 Personal liability
Your handling of contributed funds may expose you to personal liability to circle members under contract law (and, in cases of dishonest misappropriation, under criminal law). This liability is to the circle members, not to Circlworld.
Specifically:
(a) civil liability for breach of contract, where you fail to disburse payouts as agreed; (b) civil liability for breach of fiduciary duty, where you mishandle or misappropriate contributed funds; (c) criminal liability under theft, fraud, or money-laundering legislation in your jurisdiction, where you dishonestly misappropriate funds.
Circlworld does not indemnify you for any liability arising from your handling of contributed funds. You acknowledge this exposure in entering this Agreement.
5.4 Anti-money laundering and tax obligations
Your handling of multiple members' funds may attract attention from your bank under their own AML monitoring procedures. You should:
(a) be prepared to explain the circle's operation and provide your Circlworld audit log as supporting evidence if your bank inquires; (b) not conceal circle activity from your bank — banks recognise pardna and similar practices; concealment is more likely to trigger AML concerns than transparency; (c) report any income from the Programme (Activation Bonuses, Residuals, etc.) as taxable income in your jurisdiction, separately from circle members' contributed funds (which are not your income); (d) maintain records sufficient to demonstrate the distinction between Programme income (yours) and contributed funds (members').
5.5 Phase 2 — Escrow-mediated custody (when available)
When Phase 2 of the custody framework launches, circles you administer may elect to operate under the escrow-mediated custody model. In that model, a regulated third-party escrow service holds contributed funds; you no longer custody them personally. Your fiduciary obligations under Clause 5.2 are correspondingly reduced under that model, and the specific terms applicable to escrow-mediated circles are described in additional documentation published at the time Phase 2 launches.
Your Programme earnings under this Agreement continue under either custody model. Your relationship with Circlworld is not affected by the custody model selected by your circles.
6. Treasurer Fiduciary Acknowledgments
6.1 Acknowledgment requirement
Before commencing as a Treasurer Partner, you affirm the following acknowledgments. These acknowledgments are recorded in your consent log and apply throughout your participation in the Programme.
6.2 The acknowledgments
I acknowledge that:
(a) I am the custodian of circle funds in Phase 1 circles I administer. I hold contributed funds in my own bank account between collection and payout. Circlworld does not custody these funds. My fiduciary duty in respect of these funds runs to the circle members, not to Circlworld.
(b) I am personally liable for the proper handling of contributed funds. Failure to disburse payouts on schedule, misappropriation, or other breaches of my fiduciary duty may expose me to civil liability (and, in cases of dishonesty, criminal liability) to the circle members. Circlworld does not indemnify me for such liability.
(c) I am an independent contractor, not an employee of Circlworld. I am responsible for my own taxes, my own social security contributions, my own business operations, and my own compliance with the laws of my jurisdiction. Circlworld does not provide me with employment benefits.
(d) I will keep circle funds segregated from my personal funds in practice. I commit to using a dedicated bank account, sub-account, or savings goal feature for circle funds, separate from my personal finances, to the extent practicable.
(e) I will participate honestly in the dual-attestation contribution flow. I will confirm receipt of contributions accurately, in good faith, within 72 hours. I will not artificially confirm contributions that were not received.
(f) I will participate constructively in dispute resolution. Where members raise disputes, I will engage with the resolution process, provide accurate evidence, and not act in bad faith.
(g) I will treat circle members with respect. I will not engage in harassment, discrimination, or coercion of members in respect of their participation, contributions, or upgrade decisions.
(h) I understand the Community Growth Program's economic structure. I understand the Activation Bonus conditions, the Tiered Residual rates, the Retention Bonus, the Community Health Multiplier, and the Fee Netting mechanism described in Clause 4. I understand that earnings depend on member activity and community health.
(i) I will not misrepresent my relationship with Circlworld. I will not claim to be an employee of Circlworld, an agent of Circlworld, or authorised to bind Circlworld. I will not claim that Circlworld is regulated as a financial services firm in any jurisdiction where it is not.
(j) I will respect member privacy. I will not share members' personal data outside the legitimate scope of administering the circles. I will not use members' data for purposes other than circle administration and the operation of the Programme.
(k) I will comply with the Programme Rules. I will follow the published Programme Rules as updated from time to time, subject to my right to terminate this Agreement if material changes are unacceptable to me (Clause 16.2).
Each acknowledgment is logged in your consent log with the version of this Agreement in force at the time.
7. Identity Levels and Recognition
7.1 Progression
You progress through Identity Levels as described in Clause 4.5. Progression is based on total active members in your circles, calculated at the end of each calendar month.
7.2 Recognition and benefits
Each Identity Level entitles you to:
(a) a public recognition badge visible on your Community Contribution Profile; (b) access to tier-specific tools and resources in the Treasurer Resource Hub; (c) (at Regional Coordinator and above) priority customer support; (d) (at Community Partner and above) invitation to community-builder events and summits; (e) (at Circlworld Ambassador) direct relationship management and (at Circlworld's discretion) opportunities to participate in product feedback and ecosystem leadership.
The specific benefits at each tier are described in the Programme Rules and may be enhanced from time to time.
7.3 Community Contribution Profile
Your activities as a Treasurer are recorded in a Community Contribution Profile visible to other members of the platform. The Profile includes:
(a) your Identity Level and tenure; (b) the number of members supported; (c) the number of healthy circles created and maintained; (d) your retention performance; (e) governance participation in your circles; (f) community endorsements you have received; (g) any disputes filed against you (anonymised where appropriate).
The Community Contribution Profile is a feature of the platform that you contribute to through your activities. You may not opt out of having a Community Contribution Profile while serving as a Treasurer, except by ceasing to act as a Treasurer.
8. Coordination Fees
8.1 What you owe Circlworld
You owe Circlworld a monthly Community Coordination Fee for each circle you administer, in the amount of:
The lower of: 1.5% of the circle's contribution volume for the month, OR £35 (or local currency equivalent).
The fee covers Circlworld's provision of: the coordination protocol, the dual-attestation contribution infrastructure, the transparency dashboard, the dispute resolution mechanism, the trust report infrastructure, the Lender API access for your members, the Treasurer Resource Hub, and Programme administration.
8.2 Free tier exemption
Circles operating on the Free tier are exempt from the Coordination Fee if the circle meets BOTH of the following criteria:
(a) the circle has six (6) or fewer members; AND (b) the average contribution per cycle is £500 (or local currency equivalent) or less.
If a Free tier circle exceeds either threshold, the standard 1.5% fee applies (capped at £35/month).
8.3 Collection mechanism
Coordination Fees are collected through the Monthly Settlement mechanism in Clause 4.7, netted against your Programme earnings.
If your Programme earnings exceed your Coordination Fees in a given month, the difference is paid to you. If your Coordination Fees exceed your earnings, the difference is debited from your nominated payment method.
8.4 Member-facing transparency
You acknowledge that Coordination Fees are visible to circle members at the point of joining the circle, in the form of disclosure: "This circle includes a monthly platform fee of £X (or equivalent), built into the contribution amount or absorbed by the treasurer as agreed by the circle." You agree to participate in this transparency by acknowledging the Coordination Fee with each circle you create.
9. Conduct Standards
9.1 General conduct
You must comply with:
(a) the Acceptable Use Policy at circlworld.com/legal/acceptable-use; (b) the Programme Rules at circlworld.com/treasurers/rules; (c) the law of your jurisdiction of residence and any jurisdiction where you operate circles.
9.2 Programme-specific conduct standards
In addition, as a Treasurer Partner, you specifically agree to:
(a) Recruit honestly. You may invite people to join circles you administer. You must accurately represent what Circlworld is, what circles are, the benefits and costs of participation, and the risks of member-to-member custody. You must not make false or misleading claims to recruit members.
(b) Disclose your interest. When recruiting members or encouraging upgrades to Pro, you must disclose that you may earn from their participation. The platform's standard disclosure language is sufficient; you must not actively conceal or minimise this disclosure.
(c) Not pressure members. You must not pressure circle members to upgrade to Pro, contribute beyond their means, or remain in circles they wish to leave. Members must remain in control of their own decisions.
(d) Not coordinate sham circles. You must not create circles whose primary purpose is to generate Programme bonuses or Trust Profile credit rather than to operate as genuine rotating savings associations. Sham circles include circles in which contributions are immediately refunded, circles formed to inflate trust scores, or circles formed by colluding parties to credential one another.
(e) Not coordinate false attestations. You must not collude with circle members to record contribution attestations that do not reflect actual transactions. This is fraud and is treated as a serious breach.
(f) Maintain Circle integrity. You must not artificially generate activity (e.g., creating dormant circles, encouraging members to make notional contributions) for the purpose of meeting Health Metric thresholds.
(g) Use Circlworld branding appropriately. You may use Circlworld's name, logo, and marketing materials in connection with your Programme activities, in accordance with the Circlworld Brand Guidelines (published in the Treasurer Resource Hub). You may not use Circlworld branding in ways that imply endorsement of activities outside the platform.
(h) Not solicit treasurers away from Circlworld. You may not actively recruit other Circlworld treasurers to leave Circlworld for competing platforms or schemes.
9.3 Social media and marketing
If you market your Programme activities through social media or other channels:
(a) you may identify yourself as a Treasurer Partner with Circlworld; (b) you must include accurate disclosure that you earn from member participation; (c) you must not make income guarantees or unrealistic earnings claims (your historical earnings may be referenced if accurate; future earnings cannot be guaranteed); (d) you must comply with the marketing regulations of your jurisdiction (UK CAP Code, Jamaica FTC guidance, U.S. FTC Endorsement Guides); (e) your content remains your own intellectual property, but you grant Circlworld a non-exclusive licence to use your social media content (where it concerns Circlworld) for Circlworld's own marketing purposes, with attribution.
9.4 Conduct violations and Programme suspension
Programme conduct violations may result in:
(a) Warning for minor violations, with no impact on standing; (b) Probation for moderate violations, with monitoring for 90 days; (c) Tier downgrade where conduct has affected the metrics underlying your tier; (d) Programme suspension for significant violations, pausing earnings while under investigation; (e) Programme termination for the most serious violations, with consequences under Clause 13.
Due process applies: you are notified of any alleged violation, given an opportunity to respond, and informed of the outcome. Appeals are governed by Clause 12.
10. Intellectual Property
10.1 Circlworld's intellectual property
The Circlworld name, logo, trade marks, brand, platform software, protocol documentation, training materials, and other intellectual property remain owned by Circlworld. You receive a limited, non-exclusive, non-transferable, revocable licence to use these materials solely for purposes of administering circles and conducting Programme activities, in accordance with the Circlworld Brand Guidelines.
This licence terminates automatically when this Agreement terminates.
10.2 Your intellectual property
Content you create independently (social media posts, blog posts, training materials you develop for your communities, marketing creative you produce) remains your intellectual property. You retain copyright and other proprietary rights.
You grant Circlworld a non-exclusive, royalty-free, worldwide licence to use, reproduce, and distribute such content for Circlworld's own marketing purposes, with appropriate attribution, where the content concerns Circlworld. This licence survives termination of this Agreement for content already created during your enrollment.
10.3 Member data
Member data (members' personal information, participation records, contact details, etc.) is controlled by Circlworld as data controller, as described in the Privacy Notice. You have access to member data solely for purposes of administering the circles you operate. You may not export, reuse, or share member data outside the legitimate scope of circle administration.
If you cease to be a Treasurer Partner, your access to member data ceases. You must not retain copies of member data after termination, except where required by law (e.g., tax records) or where you have an independent relationship with a member outside the platform.
11. Coordination Fee Billing Failures
11.1 Net negative settlement
If your Monthly Settlement is negative (you owe Circlworld more than you earned) and the payment is collected successfully from your nominated payment method, no further action is needed.
11.2 Failure to collect
If the collection fails:
(a) First failure (day 0): Circlworld notifies you, retries the collection within 7 days, and provides you with alternative payment methods if needed.
(b) Second failure (day 7-14): Circlworld notifies you again with a 7-day grace period to resolve the issue. Your circles are flagged as "billing issue" in the audit log (visible only to circle members at your discretion).
(c) Continued failure (day 14-30): Circles you administer are restricted in operational features (new member additions paused, new circles cannot be created, AI Assist Enhanced features paused). Your earnings continue to accrue but are not paid out until billing is current.
(d) Day 30+: Programme suspension. Your earnings accrued but not paid are held. Circles continue to operate (the member-to-member custody model does not require Circlworld's billing to be current for member-to-member operations to proceed), but you cannot take new administrative actions until billing is resolved.
(e) Day 60+: Programme termination, subject to Clause 13.
11.3 Disputes about Coordination Fees
If you dispute a Coordination Fee calculation, you may raise it through the complaints process (Clause 12.1). The disputed amount is held in abeyance pending resolution. Other operational actions continue as normal during the dispute.
12. Disputes and Complaints
12.1 First recourse — Circlworld's complaints process
If you have a complaint or dispute concerning this Agreement or Circlworld's conduct in relation to the Programme, your first recourse is Circlworld's complaints process described at circlworld.com/legal/complaints. The process includes:
(a) acknowledgment within 5 business days; (b) investigation typically within 20 business days; (c) decision communicated to you with reasons; (d) escalation rights to the relevant supervisory authority (Consumer Affairs Commission of Jamaica, the UK competition authorities, etc.) where applicable.
12.2 Disputes about earnings or settlements
Disputes about Activation Bonuses, Residual calculations, Coordination Fees, or Monthly Settlements are addressed first through Clause 12.1. The platform's audit log is the primary evidence; you may also submit supporting evidence.
If the complaint is decided in your favour, the adjustment is reflected in the next Monthly Settlement. If decided against you, you may pursue further remedies under Clause 12.4.
12.3 Disputes about Identity Levels and tier eligibility
Disputes about Identity Level assignment or tier eligibility are addressed first through Clause 12.1. The metric thresholds in the Programme Rules are authoritative; you may submit evidence that the calculation does not match the underlying data.
12.4 Disputes that cannot be resolved internally
If the complaints process does not resolve the dispute to your satisfaction:
(a) Jamaica: the courts of Jamaica have exclusive jurisdiction over disputes arising under this Agreement where you contract with Circlworld Jamaica, except that Circlworld may bring proceedings in any court of competent jurisdiction for injunctive relief.
(b) United Kingdom: the courts of England and Wales have exclusive jurisdiction over disputes arising under this Agreement where you contract with Circlworld UK, except that Circlworld may bring proceedings in any court of competent jurisdiction for injunctive relief.
12.5 Class actions
To the extent permitted by applicable law, you and Circlworld agree that disputes under this Agreement are resolved on an individual basis and not as part of any class, collective, or representative action.
13. Termination
13.1 Termination by you
You may terminate this Agreement at any time by giving Circlworld 30 days' written notice (via the platform's Settings → Programme section, or by email to compliance@circlworld.com).
Upon your termination notice:
(a) Activation Bonuses already qualified as of the notice date are paid out in the final Monthly Settlement; (b) Residual earnings on members in circles you administer continue to accrue during the 30-day notice period and are paid in the final Monthly Settlement; (c) Coordination Fees continue to apply during the 30-day notice period; (d) at the end of the notice period, your Programme enrollment ends and your Identity Level recognition ceases; (e) you remain a Circlworld member (this is a separate relationship governed by the Terms of Service); (f) the circles you administered continue to operate; you may transfer treasurer responsibilities to another circle member, dissolve the circles in accordance with the circle's own governance, or arrange for another Treasurer Partner to take over.
13.2 Termination by Circlworld for cause
Circlworld may terminate this Agreement immediately for cause where you have:
(a) materially breached this Agreement or the related documents referenced in Clause 1.2; (b) been placed on a sanctions list or otherwise become a person prohibited from receiving the Services; (c) been the subject of a confirmed Suspicious Transaction Report or other AML-related investigation; (d) been convicted of, or charged with, an offence involving dishonesty (fraud, theft, money laundering, etc.) in any jurisdiction; (e) materially breached the conduct standards in Clause 9 in a manner that cannot be remedied or that is repeated after warnings; (f) misappropriated circle members' funds or otherwise breached the fiduciary obligations in Clauses 5 and 6; (g) failed to remedy a billing default within 30 days of suspension (Clause 11.2); (h) ceased to meet the eligibility criteria in Clause 2.1 (other than minor changes that can be remedied).
Termination for cause is preceded by notice of the alleged breach and an opportunity to respond, except in cases of immediate harm or where applicable law requires immediate action.
Where the termination for cause concerns misappropriation of circle funds or serious dishonesty, Circlworld may:
(a) terminate this Agreement immediately; (b) forfeit all Activation Bonuses and Residual earnings not yet paid out, subject to the principle that forfeiture is proportionate to the breach; (c) restrict or suspend your Circlworld member account in accordance with the Terms of Service; (d) report the matter to relevant authorities (e.g., the FID in Jamaica, the NCA in the UK) where required by law.
13.3 Termination by Circlworld without cause
Circlworld may terminate this Agreement without cause by giving you 90 days' written notice. Upon such termination:
(a) Activation Bonuses already qualified are paid out; (b) Residual earnings on existing members continue to accrue and are paid for 12 months from the termination date (the "Trailing Residual Period"), then cease; (c) Coordination Fees during the Trailing Residual Period are netted against the Trailing Residuals; (d) you may continue as a Circlworld member.
This Trailing Residual Period is designed to give you a transition runway recognising that you brought members to the platform under reasonable expectation of continuing earnings.
13.4 Termination on Programme closure
If Circlworld chooses to close or substantially restructure the Community Growth Program:
(a) you are given at least 120 days' written notice of the closure or restructuring; (b) if the Programme is closed entirely, Trailing Residuals are paid for 12 months from the closure date on existing members; (c) if the Programme is restructured in a way you find unacceptable, you may terminate under Clause 13.1 with the standard 30-day notice; Trailing Residuals do not apply where you choose to terminate; (d) where the restructuring substantially reduces your earnings (more than 30% reduction), Circlworld will offer a transition arrangement to help affected treasurers adjust.
13.5 Survival of obligations
The following obligations survive termination of this Agreement:
(a) confidentiality obligations regarding member data (Clause 10.3); (b) tax obligations on earnings paid before termination; (c) any obligations regarding contributions or payouts you were holding at termination (you must wind down or hand over to another treasurer in accordance with the circle's wishes); (d) intellectual property licences and obligations (Clause 10); (e) the dispute resolution provisions (Clause 12); (f) any other obligations that by their nature should survive.
14. Tax and Reporting
14.1 Your tax responsibility
You are solely responsible for:
(a) registering as self-employed (or equivalent) in your jurisdiction of residence, where required; (b) reporting all Programme earnings (Activation Bonuses, Residuals, etc.) as income in your jurisdiction; (c) paying income tax, social security, and other applicable taxes on Programme earnings; (d) registering for GCT (Jamaica), VAT (UK), or equivalent sales tax where your annual gross revenue exceeds the relevant threshold; (e) maintaining records of your earnings and expenses for the period required by your jurisdiction's tax law.
Circlworld does not give tax advice. You should consult a qualified tax adviser in your jurisdiction.
14.2 Annual income statements
Circlworld provides you with an annual income statement summarising:
(a) all Activation Bonuses paid during the tax year; (b) all Residual earnings paid during the tax year; (c) all Coordination Fees paid during the tax year; (d) all other Programme-related amounts (where applicable); (e) currency and exchange rate information where relevant.
The statement is provided in a format suitable for your jurisdiction:
- Jamaica: TAJ-compatible income statement (suitable for inclusion in your annual return);
- UK: Self-assessment-compatible income statement;
- United States: 1099-NEC (or equivalent) where applicable under U.S. law;
- Other jurisdictions: standard international income statement.
The statement is provided by 31 March of the year following the tax year end, by email and downloadable from your Treasurer Dashboard.
14.3 Tax withholding
In most circumstances, Circlworld does not withhold tax from your earnings. You receive the full amount and remit applicable taxes to your jurisdiction's tax authority.
In limited circumstances, applicable law may require Circlworld to withhold tax from your earnings (e.g., U.S. backup withholding under certain conditions). Where withholding is required, Circlworld provides you with details of the amount withheld and any documentation needed for you to claim the withholding against your tax liability.
14.4 Anti-money-laundering compliance
Programme earnings of significant size may be subject to additional AML scrutiny. Circlworld may request additional documentation (source of funds confirmation, expanded KYC, etc.) where required by applicable law or where unusual patterns warrant additional verification.
You acknowledge that Circlworld's compliance with AML obligations may result in:
(a) holds on Monthly Settlements pending verification; (b) Suspicious Transaction Reports filed with the relevant authority (where required); (c) confidentiality obligations under tipping-off provisions that may prevent Circlworld from informing you of certain filings.
These actions are part of Circlworld's regulatory obligations and do not constitute breach of this Agreement.
15. Liability
15.1 Liabilities not excluded
Nothing in this Agreement limits or excludes liability that cannot be limited or excluded under applicable law. In particular, nothing limits or excludes:
(a) liability for death or personal injury caused by negligence; (b) liability for fraud or fraudulent misrepresentation; (c) liability under consumer protection legislation where it applies and cannot be excluded by contract; (d) any other liability that cannot be lawfully limited or excluded.
15.2 Circlworld's liability to you
Subject to Clause 15.1:
(a) Circlworld is not liable for any loss arising from your handling of contributed circle funds, your management of circle relationships, your communications with circle members, or your business operations as an independent contractor;
(b) Circlworld is not liable for any loss arising from changes in Programme parameters made in accordance with Clause 16 (with appropriate notice);
(c) Circlworld is not liable for any loss arising from the conduct of circle members, including non-payment by members, member departures, member fraud, or other member conduct;
(d) Circlworld's total liability to you under or in connection with this Agreement, in respect of any 12-month period, is limited to the greater of: (i) the total Programme earnings paid to you in that 12-month period, or (ii) GBP 1,000 (or its equivalent in your local currency).
15.3 Your liability to Circlworld
Subject to Clause 15.1, you are liable to Circlworld for:
(a) any loss caused by your breach of this Agreement, the related documents, or the law; (b) any loss caused by your fraudulent or dishonest conduct; (c) any tax liabilities of Circlworld arising from misrepresentation by you of your tax status; (d) any third-party claims against Circlworld arising from your conduct in connection with the Programme.
15.4 Indirect losses
Subject to Clause 15.1, neither party is liable to the other for any indirect, consequential, or special losses, including loss of profit, loss of business opportunity, loss of reputation, or loss of goodwill, arising under or in connection with this Agreement.
15.5 Indemnity
You indemnify Circlworld against any claims, losses, costs, or damages arising from:
(a) your breach of this Agreement; (b) your breach of any applicable law; (c) your misrepresentation of your relationship with Circlworld to third parties; (d) your handling of circle funds, except where the loss arises from a defect in the platform that Circlworld is responsible for.
15.6 Insurance
Circlworld strongly recommends that you maintain appropriate insurance for your business activities as a Treasurer Partner, particularly:
(a) professional indemnity insurance to cover claims arising from your treasurer activities; (b) cyber liability insurance to cover claims arising from data handling; (c) where you employ staff to support your activities, employers' liability insurance as required by your jurisdiction.
This is a recommendation, not a requirement. The decision to obtain insurance is yours.
16. Changes to this Agreement and the Programme
16.1 Programme parameter changes
Circlworld may update the following Programme parameters from time to time:
(a) Activation Bonus amount (currently £5); (b) Tiered Residual rates (currently 15%, 17.5%, 20%); (c) Retention Bonus thresholds (currently 90, 120, 150 days); (d) Community Health Multiplier criteria and thresholds; (e) Identity Level thresholds and benefits; (f) Coordination Fee percentages (currently 1.5% Pro, 1.0% Business, 2.0% Free) and cap (currently £35); (g) Programme Rules at circlworld.com/treasurers/rules.
Circlworld will provide at least 60 days' written notice of material changes that affect your earnings or obligations. Changes that improve your terms (e.g., higher bonus, more benefits) may take effect with shorter notice.
16.2 Your rights on material changes
If a material change is unacceptable to you, you may:
(a) terminate this Agreement under Clause 13.1, with the standard 30-day notice but without the Trailing Residual Period of Clause 13.3 (which applies only to Circlworld-initiated terminations);
(b) negotiate alternative arrangements with Circlworld where reasonable (Circlworld is not obliged to accept but will consider in good faith);
(c) raise a complaint under Clause 12.1 if you believe the change is inconsistent with Circlworld's good-faith obligations.
16.3 Grandfathering
Earnings already qualified before a change takes effect are calculated under the rules in force when they qualified. For example, if the Activation Bonus is increased from £5 to £7, members who qualified before the change generate £5; members who qualify after generate £7.
16.4 Changes to this Agreement
Material changes to this Agreement (as distinct from Programme parameters) are notified to you with at least 30 days' written notice. Material changes include:
(a) changes to the nature of the relationship (Clause 3); (b) changes to termination rights (Clause 13); (c) changes to liability (Clause 15); (d) changes to governing law or jurisdiction (Clause 18).
You may terminate the Agreement under Clause 13.1 if you do not accept a material change.
Non-material changes (clarifications, corrections of typographical errors) may be made with shorter notice.
The current version of this Agreement is always available at circlworld.com/treasurers/agreement.
17. Confidentiality
17.1 Confidential Information
In the course of participating in the Programme, you may have access to information that is confidential to Circlworld, including:
(a) member data of circles you administer; (b) Programme metrics and analytics not generally available to the public; (c) Circlworld's internal procedures, technical specifications, or business plans; (d) information you receive in your Programme communications with Circlworld.
You may not disclose this Confidential Information to third parties except:
(a) as required by law (with notice to Circlworld where permitted); (b) as required for the operation of the circles you administer (member data is shared within circles by design); (c) with Circlworld's prior written consent.
17.2 Duration
Your confidentiality obligations under Clause 17.1 survive termination of this Agreement for 3 years.
17.3 Information that is not confidential
The following is not confidential:
(a) information that is publicly available without breach of this Clause; (b) information you knew before the Programme without an obligation of confidence; (c) information you receive from a third party who lawfully has it; (d) information you independently develop without reference to Circlworld's Confidential Information.
18. General Provisions
18.1 Governing law and jurisdiction
If you contract with Circlworld Jamaica, this Agreement is governed by the laws of Jamaica and the courts of Jamaica have exclusive jurisdiction over disputes arising under it (subject to Clause 12.4).
If you contract with Circlworld UK, this Agreement is governed by the laws of England and Wales and the courts of England and Wales have exclusive jurisdiction over disputes arising under it (subject to Clause 12.4).
18.2 Entire agreement
This Agreement, together with the documents referenced in Clause 1.2, constitutes the entire agreement between you and Circlworld in respect of the Programme and supersedes any prior agreement, understanding, or representation.
18.3 No waiver
A failure or delay by either party to exercise any right under this Agreement is not a waiver of that right.
18.4 Severability
If any provision of this Agreement is held invalid, illegal, or unenforceable, the remaining provisions continue in force. The invalid provision will be deemed amended to the minimum extent necessary to make it valid, legal, and enforceable while preserving the parties' intention.
18.5 Assignment
You may not assign or transfer your rights or obligations under this Agreement without Circlworld's prior written consent.
Circlworld may assign or transfer its rights and obligations under this Agreement to any successor or affiliated entity in accordance with applicable law, subject to providing you with notice of the assignment.
18.6 No third-party rights
Except as expressly provided, a person who is not a party to this Agreement has no right to enforce any of its provisions under the Contracts (Rights of Third Parties) Act 1999 (UK) or any equivalent provision in any other jurisdiction.
18.7 Notices
Circlworld may give you notices required under this Agreement by:
(a) email to the email address registered to your account; (b) in-app notification through the Circlworld platform; (c) postal address you have provided.
You may give Circlworld notices required under this Agreement by:
(a) email to compliance@circlworld.com (general) or legal@circlworld.com (formal); (b) through the Settings → Programme section of the Circlworld platform; (c) postal to the registered office of the contracting Circlworld entity (Clause 1.4).
18.8 Language
This Agreement is written in English. Translations into other languages may be provided for convenience; in the event of inconsistency between the English version and any translation, the English version prevails.
18.9 Counterparts and electronic execution
This Agreement may be executed electronically and is binding when you confirm acceptance through the Circlworld platform during the enrollment process described in Clause 2.
Schedule 1 — Programme Quick Reference
| Component | Detail | |-----------|--------| | Activation Bonus | £5 / 1,500 JMD per qualifying member (6 conditions, 60 days active) | | Tier 1 Residual | 15% (1–50 active Pro members) | | Tier 2 Residual | 17.5% (51–150 active Pro) | | Tier 3 Residual | 20% (151+ active Pro) | | Retention Bonus | +0.5% / +1.0% / +1.5% at 90/120/150 days | | Healthy Community | +2% on Residual rate | | Exceptional Community | +3% on Residual rate | | Community Builder | 10 active members | | Circle Leader | 50 active members | | Regional Coordinator | 150 active members | | Community Partner | 500 active members | | Circlworld Ambassador | 1,000+ active members | | Coordination Fee | 1.5% of volume, capped £35/circle/month (Pro tier) | | Free Tier Exemption | ≤6 members AND ≤£500/cycle | | Settlement | Monthly, net of fees vs earnings | | Tax | Treasurer responsible; annual statement provided | | Termination notice (you) | 30 days | | Termination notice (Circlworld without cause) | 90 days + 12 months Trailing Residual | | Confidentiality | 3 years post-termination |
Schedule 2 — Defined Terms
The following terms have the meanings ascribed below.
| Term | Definition | |------|------------| | Activation Bonus | The one-time bonus described in Clause 4.1. | | Active Pro Member | A member holding an active Pro subscription who has logged in within the preceding 60 days. | | Agreement | This Treasurer Partner Agreement, including all schedules and any duly-incorporated documents. | | Circle | A rotating savings and credit association coordinated through the Circlworld platform. | | Circlworld | The contracting entity in Clause 1.4 and (in context) the protocol and platform. | | CGP or Programme | The Community Growth Program. | | Community Contribution Profile | The public-facing Treasurer profile described in Clause 7.3. | | Coordination Fee | The monthly platform fee described in Clause 8. | | Identity Level | One of the five recognition levels described in Clause 4.5. | | Monthly Settlement | The monthly net calculation described in Clause 4.7. | | Programme Rules | The published rules at circlworld.com/treasurers/rules, as updated. | | Residual Earnings | The tiered residual described in Clause 4.2. | | Tiered Residual | The same as Residual Earnings. | | Trailing Residual Period | The 12-month period described in Clause 13.3. | | Treasurer Partner | A Circlworld member enrolled in the Programme. |
Schedule 3 — Indicative Voice and Tone
This Agreement is written in plain English with the legal precision required for the substantive matters it governs. The drafting follows three principles:
(a) Plain English wherever possible. Legal terms of art are used where required for legal effect but defined or explained in context.
(b) Substantive precision where required. The provisions governing custody (Clause 5), conduct (Clause 9), termination (Clause 13), and liability (Clause 15) are drafted with care to support the regulatory and commercial positions they describe.
(c) Treasurer-friendly framing. The plain-language summary (Clause 1.5), the Programme quick reference (Schedule 1), and the recognition of the treasurer's role throughout reflect Circlworld's institutional commitment that treasurers are partners, not subordinates.
Schedule 4 — Jurisdiction-Specific Annexes
Annex A — Jamaica-specific provisions
(For Treasurers contracting with Circlworld Jamaica)
A.1 You acknowledge that GCT registration may be required if your annual gross revenue from the Programme (combined with any other business activity) exceeds J$10 million per annum.
A.2 You acknowledge that you may be subject to NIS contributions on Programme earnings, depending on your circumstances.
A.3 The Tax Administration Jamaica (TAJ) is the relevant tax authority for Programme earnings.
A.4 Where Programme earnings constitute a substantial proportion of your income, you may wish to consider registering as a self-employed person with the Companies Office of Jamaica.
A.5 Disputes arising under this Agreement are subject to the courts of Jamaica, with reference to the Supreme Court of Jamaica for matters of constitutional or significant commercial importance.
Annex B — United Kingdom-specific provisions
(For Treasurers contracting with Circlworld UK)
B.1 You acknowledge that registration as a self-employed person with HMRC may be required if your annual gross revenue from the Programme exceeds £1,000 per annum.
B.2 You acknowledge that VAT registration may be required if your annual gross revenue from the Programme (combined with any other business activity) exceeds the VAT registration threshold (currently £90,000 per annum).
B.3 Your status as an independent contractor under this Agreement is intended to fall outside the scope of IR35 (Off-Payroll Working Rules). Circlworld does not engage you in a manner that would trigger deemed employment under IR35; your responsibility for assessing your own IR35 status remains.
B.4 You acknowledge that National Insurance contributions on Programme earnings are your responsibility.
B.5 Disputes arising under this Agreement are subject to the courts of England and Wales.
Annex C — United States-specific provisions
(For Treasurers contracting with the relevant U.S. Circlworld entity, when expansion occurs)
C.1 [Placeholder pending U.S. expansion and entity establishment.]
C.2 You acknowledge that 1099-NEC issuance applies for earnings exceeding $600 per year.
C.3 You acknowledge that state-specific independent contractor classification rules may apply (e.g., California AB5).
C.4 Quarterly estimated tax payments may be required.
Schedule 5 — Items Pending Finalisation
The following items in this Agreement are placeholders and must be resolved before publication:
| Item | Location | Pending Decision | |------|----------|------------------| | Effective date | Header, Clause 2.4 | Set at publication | | Last updated date | Header | Set at publication | | Version number | Header | Confirm 1.0 | | Circlworld Technology Limited registration number | Clause 1.4(a), Schedule 4(A) | Pending Jamaican incorporation | | Circlworld Technology Limited registered office | Clause 1.4(a) | Pending Jamaican incorporation | | Circlworld Technology Ltd company number | Clause 1.4(b) | Pending UK incorporation | | Circlworld Technology Ltd registered office | Clause 1.4(b) | Pending UK incorporation | | Programme Rules URL | Multiple | Confirm at publication | | Treasurer Agreement URL | Clause 16.4 | Confirm circlworld.com/treasurers/agreement | | Brand Guidelines | Clause 9.2(g) | Pending finalisation | | U.S. entity provisions | Schedule 4, Annex C | Pending U.S. expansion | | Current GCT and VAT thresholds | Schedule 4(A) and (B) | Verify current thresholds at publication | | IR35 status statement | Schedule 4(B), Section B.3 | Verify with UK counsel |
This schedule should be reviewed by qualified counsel in each jurisdiction and any additional items added before publication.
End of Treasurer Partner Agreement draft.
Document prepared: May 2026 Prepared by: Drafted with AI assistance; requires professional legal review in both jurisdictions before publication. Next step: Review by Drew St'Clair in dual capacity as Barrister of England & Wales and Attorney-at-Law of Jamaica; subsequent review by external counsel in each jurisdiction; particular attention to (1) independent contractor classification under IR35 (UK) and California AB5 (US, when applicable); (2) the Trailing Residual Period as a commercial commitment; (3) the indemnity in Clause 15.5; (4) the class action waiver in Clause 12.5.