MEMBERSHIP AGREEMENT
Preamble
This Membership Agreement regulates the relationship between MAXIMUS INVESTMENT BUSINESS CLUB (the "Club"), incorporated as a Non-Profit Incorporated Organisation (NPIO) under DIFC law, and its members. It defines the rights, obligations, and responsibilities of members, and the principles of membership management.
Membership Admission
- •Membership is open to individuals and legal entities that support the objectives of the Club.
- •Admission is subject to approval by the Board and payment of the annual contribution.
- •Membership categories and contributions are defined by the Board.
Rights of Members
- •To participate in club activities, events, and programs.
- •To receive information, consultation, and access to resources.
- •To vote in the General Assembly, in accordance with their membership class.
- •To propose initiatives and participate in committees.
Obligations of Members
- •To comply with this Agreement, the Charter, and decisions of the governing bodies.
- •To pay annual contributions on time.
- •To uphold the reputation and objectives of the Club.
Duration and Termination
- •Membership is annual and renewable by payment of the contribution.
- •Membership may be terminated by resignation, non-payment, or expulsion for misconduct.
- •Expulsion requires a two-thirds majority decision of the Board.
Non-Profit Status
Membership does not provide ownership rights, equity, or entitlement to profit distribution. All contributions are used solely for the statutory objectives of the Club.
Amendments
Amendments to this Agreement require approval by the General Assembly of Members.
Governing Law
This Agreement shall be governed by the laws and regulations of DIFC.