Friday, October 14, 2016

The Contract is the Most Important

Meta-comment: this particular post about the contract isn't finished, but I decided to publish it anyway. - M.L. 2016

The contract is the most important part of their tool set for trapping your money.  It warns you that it is a legally binding agreement - you need to know what you're signing!  It's in writing and your signature indicates acceptance to be bound by the terms of the contract.  This is how they use the laws to force your compliance to the contract, so it's important that you fully understand what this means.

Here's an education that will serve you well;  this post will go over some of the most limiting clauses in the contract, and why they benefit Rich Dad Education so much more than you.



The superseder clause

The text:
"The Agreement supersede any and all other agreements, either oral or in writing between the Customer and the Company with respect to your purchase of products and services noted in the Agreement... Customer hereby acknowledges that no representations, inducements, promises, or agreements, orally or otherwise, have been made by the Company, or anyone acting on behalf of the Company, which are not embodied herein, and that no other agreement, statement or promise not contained in the Agreement shall be valid or binding on the Company..."
What this means:

This essentially says several things:
  • the contract overrides anything they say in person
  • they haven't said anything verbally which isn't in the contract
  • no other agreement or promise can be held against the company

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