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1. IN THIS AGREEMENT

Associate Member means a member of the Scheme who purchases and utilises Tokens only as a consumer and does not provide Facilities
Corporate Member means members who provide Facilities by way of business
Facilities mean the facilities offered by Corporate Members which may include (but not be limited to) hotel rooms, car hire, flights and travel
Members mean corporate members and associate members
Scheme means the scheme provided by DTC and regulated by this agreement by which Facilities may be purchased by Members using Tokens
Tokens mean travel tokens issued by DTC and being credits under the Scheme, having a nominal value of 1 per token

2. ASSOCIATE MEMBER'S ENTITLEMENT

In consideration of payment of the subscription the Associate Member whilst a member is entitled to:

2.1 The right to subscribe for Tokens at a rate of 50 pence per Token under the Scheme up to a maximum of 1000 Tokens for a subscription of 50, 3000 Tokens for a subscription of 100 and for any number of Tokens for a subscription of 200
2.2 A right to use Tokens in the purchase of Facilities from Corporate Members at the full rate charged by Corporate Members
2.3 To sell any unused or unwanted Tokens through the agency of DTC at any time prior to termination of this agreement at a rate of 50 pence per Token less a commission of 2.5% payable to DTC

3. ASSOCIATE MEMBER'S OBLIGATIONS

The Associate Member acknowledges:

3.1 That the Facilities are subject to availability
3.2 Not to sell or otherwise trade Tokens other than through the agency of DTC who shall be entitled to a commission of 2.5% of the value of any such transaction
3.3 To confirm or cancel a request for the use of Facilities within 48 hours of a Corporate Member acknowledging the availability of Facilities being made

4. DTC'S OBLIGATIONS

4.1 To host the Scheme and to provide appropriate facilities for its maintenance PROVIDED that nothing in this agreement shall make DTC a party to any arrangement for the use of the Facilities as between the Associate Member and any Corporate Member
4.2 To promote the Scheme in such ways as it believes to be appropriate
4.3 To provide details of the Facilities on its website unless prevented from doing so for operational reasons beyond its reasonable control

5. TERM AND TERMINATION

5.1 This Agreement shall be renewed annually unless terminated by either party giving to the other not less than one month's notice except as otherwise provided in this Agreement. If notice is given of less than one month before the end of the subscription year that notice shall be ineffective to terminate this Agreement at that year end.
5.2 DTC may terminate this Agreement on grounds of failure of the Associate Member to pay any subscriptions or any other amounts due under this Agreement or any breach by the Associate Member of the terms and obligations of this Agreement.
5.3 DTC may terminate this Agreement in the event of the Associate Member (being an individual) dying, becoming bankrupt or ceasing in business or (being a company) becoming insolvent, being wound up (except for the purposes of a solvent re-organisation) making arrangements with its creditors or allowing its goods to be distrained upon.
5.4 DTC shall be entitled to terminated this Agreement where subscriptions are unpaid 30 days after invoice.
5.5 On termination the Associate Member shall have no entitlement to the refunds of any payment made or to the acquisitions of its Tokens by DTC and will lose all rights to sell such Tokens.
5.6 Any termination shall be without prejudice to the rights of the parties acquired prior to termination.

6. DISCLAIMER

6.1 DTC makes no representation or claim and will be unable to make any representation or claim regarding the information provided by the Corporate Members
6.2 DTC cannot accept or be held responsible for any failure on the part of the Associate Member to confirm a request for Facilities within 48 hours of the request being made and DTC is not under any obligation to the Associate Member to ensure that confirmation of the request is received.

7 PROVISOS

7.1 Tokens which have not been paid for in full may not be used as part of the Scheme until such payment has been made
7.2 Reservations made under the Scheme may only be cancelled at the discretion of the Corporate Member with whom the reservation is made

8. FORCE MAJEURE

Neither party will be liable for any delay in performing or failing to perform any of its obligations (other than a payment obligation) under this Agreement due to any cause outside its reasonable control. Such delay or failure will not constitute a breach of this Agreement and the time for performance of the affected obligation will be extended by such period as is reasonable

9. NOTICES

All notices which are required to be given under this Agreement will be in writing and will be sent to the address of the recipient set out on the front page of this Agreement or such other address as the recipient may designate by notice given in accordance with this clause. Any such notice may be delivered personally, by first class pre-paid letter or facsimile transmission and will be deemed to have been received:
9.1 By hand delivery - at the time of delivery 9.2 By first class post - forty eight hours after the date of mailing
9.3 By facsimile transmission - immediately upon transmission providing a confirmatory copy is sent by first class pre-paid post or by hand by the end of the next business day

10. THIRD PARTY RIGHTS

Nothing in this Agreement confers or purports to confer on any third party other than a successor in title to either party to this Agreement any benefit or any right to enforce any term of this Agreement

11. SEVERABILITY

11.1 If any of the provisions of this Agreement is found by a court or other competent authority to be void or unenforceable it shall be deemed to be deleted from this Agreement and the remaining provisions shall continue to apply
11.2 The parties shall negotiate in good faith in order to agree the terms of a mutually satisfactory provision to be substituted for the provision found to be void or unenforceable

12. ENTIRE AGREEMENT

12.1 This Agreement is the complete and exclusive statement of the agreement between the parties relating to the subject matter of the Agreement and supersedes all previous communications, representations and arrangements, written or oral. The parties acknowledge that no reliance is placed on any representation made but not embodied in this Agreement. The printed terms and conditions of any purchase order or other correspondence and documents of the parties issued in connection with this Agreement will not apply unless expressly accepted in writing by the other party
12.2 Except as otherwise permitted by this Agreement no change to its terms will be effective unless it is in writing and signed by persons authorised on behalf of both parties

13. GOVERNING LAW

This Agreement shall be construed in accordance with and governed by the law of England and each party agrees to submit to the exclusive jurisdiction of the courts of England.

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