Example
Membership Admission & Termination Policy
CYGMA (CYPRUS GAME MAKERS ASSOCIATION) LIMITED
GENERAL TERMS AND CONDITIONS OF MEMBERSHIP
A FORMAL OFFER OF MEMBERSHIP
ARTICLE 1: NATURE OF THE OFFER AND ACCEPTANCE
1.1 Offer: The CYGMA (CYPRUS GAME MAKERS ASSOCIATION) LIMITED, a non-profit company limited by guarantee registered in the Republic of Cyprus under the Companies Law, Cap. 113 (hereinafter referred to as “tahe Association”), hereby extends this formal offer of membership to eligible applicants. This document constitutes a binding offer of membership subject to the terms and conditions herein contained.
1.2 Acceptance: By submitting a completed membership application and proceeding through the admission and compliance procedure in accordance with these Terms, the applicant accepts this offer in its entirety and agrees to be bound by these Terms, the Statutes, and the CYGMA Code of Conduct.
1.3 Binding Nature: These General Terms and Conditions of Membership (hereinafter “Terms”) are legally binding upon all Members and shall be read in conjunction with the Memorandum and Articles of Association of the Association and the CYGMA Code of Conduct. In the event of any conflict between these Terms and the Statutes, the Statutes shall prevail to the extent permitted by law.
ARTICLE 2: DEFINITIONS
For the purposes of these Terms, the following terms shall have the meanings ascribed to them:
“Association” means CYGMA (CYPRUS GAME MAKERS ASSOCIATION) LIMITED, a non-profit company limited by guarantee registered in the Republic of Cyprus.
“Board” means the Board of Directors of the Association.
“Statutes” means the Memorandum and Articles of Association of the Association, as amended from time to time.
“Member” means any legal entity or institution admitted to membership in the Association in accordance with the Statutes and these Terms.