NFEC Resources License Terms
The National Financial Educators Council (“NFEC” or “Licensor”) grants the Licensee of the NFECs’ Material a limited, non-exclusive, License to use the NFEC’s Resources (“Resources”) for the purpose of teaching financial literacy.
- All NFEC packages including: Essentials, Professional, Advance and Enterprise packages and all content provided in those packages.
- All NFEC Financial Coaching resources, including all resources provided: marketing, promotions, educational resources, training materials, client resources, client processes, website copy, social media images, reports, software and all other materials.
- The Curriculum Package consists of the Instructors Guide, PowerPoint, Testing, Surveys, Student Guides and all material included with the purchase of the Curriculum Package for Kids, Teens and/or Adults that are designed to teach personal finance to third party participants.
- The Online Learning Center consists of the Learning Management System, Testing, Surveys, End-user Licenses and all material included with the purchase of the eLearning programs for all ages.
- Survey and Testing resources consisting of the questions, answer keys and all other materials associated with providing testing and surveys.
- Print on Demand Center where student guides and instructors guides are printed.
- Learner Experience Package including: Marketing materials, registration forms, invitations and pre-assessment & survey tools, banners, handouts, anticipatory education tools, volunteer training and event management processes, audience recognition, reporting, systemization, ongoing education and follow-up reporting.
- Ongoing Education Package including: all emails, online learning, worksheets, handouts, email forms and all materials in the ongoing education package.
- Social Media Education including: All postings, prewritten copy, images, and all resources provided in the social media education package.
- Mobile Application including: All content on the mobile application.
- 24 Minute Personal Finance Challenge including: all education resources, training, marketing and everything in the challenge package.
- Program Design Resources including: all guides, training, frameworks, worksheets and all that is in included in the design package.
- Any and all promotional pieces, marketing, pre-written copy and any materials provided by the NFEC.
- All resources included with the ‘Certified Financial Education Instructor’ Training. You can read the complete Certified Financial Education Instructor terms at FinancialEducatorsCouncil.org/CFEI-Terms/
- All resources included with the ‘Certified Personal Finance Consultant’ Training. You can read the complete Certified Financial Education Instructor terms at FinancialEducatorsCouncil.org/CPFC-Terms/
- All Resources provided by the NFEC are covered by the terms set forth by this license agreement.
The NFEC retains the copyright and all rights not expressly granted to Licensee. In consideration for the rights granted under this License Agreement (“Agreement”), the Licensee agrees to be bound to the terms herein and agrees that this Agreement shall govern the rights and obligations of the Licensor and Licensee.
The End User accepts the Agreement by doing any of the following:
- a) Logging onto the Programs and Training webpage.
b) Receiving any Program material sent to the Licensee by the Licensor or the Licensor’s third party distributors, product fulfillment companies or personnel.
c) Downloading any of the Training or Program material.
d) Signing and returning this Agreement.
e) Purchasing the Programs, Curriculum Packages and Training through the NFEC or any of its affiliates, partners, retailers, etc.
Authorized End User
This Agreement applies to the purchaser identified at the time of purchase and can be defined as a single individual that will utilize this material (“End User”). The only individuals that are able to teach the NFEC Resources. The End User is responsible to notify others within their organization that they are bound by the terms of this Agreement. The Licensee may change the End User by notifying the NFEC within seven (7) days of the purchase.
License Granted Terms
Your payment for NFEC Resources gives you access for one (1) year to use the Resources as long as you are in good standing with the NFEC. Annual renewal fees are required to continue licensing the materials.
This Resources Licensing Agreement is for one (1) year and will continue automatically as long as Licensee is in good standing with the NFEC and has paid the annual dues required. The Licensee may not record themselves using the NFEC Resources unless written authorization is provided by the NFEC.
All NFEC Resources must be returned to the NFEC if the License is not renewed prior to renewal date. Resources Licensee agrees that renewals are automatically processed 365 days after your order and no refunds will be given after your renewal is processed. Licensees that request refunds must complete a cancellation form and are subject to Licensor online compliance review before refund is issued. All physical Resources printed or provided by the NFEC prior to the renewal date. Upon nonrenewal must be sent back to the NFEC. If the Resources License is not renewed all mentions of Licensor and Licensors material must also be removed.
NFEC Custom branded resources are not eligible for a refund at any point. No refunds are given on custom branding orders or any customized content orders. This includes any order that includes private labeling options, custom branded student guide covers, custom branded online learning and any and all custom branding orders. Customized content orders are not eligible for refunds at any point.
The Resources sets specific age-levels Licensees can serve. The Licensee is prohibited from presenting, teaching and delivering the Resources to any grade level and age range that does not align with the product License purchased. Each grade level and age range served must be taught with the specific Resources designed for that age and grade range provided by Licensor. Licensee is permitted to deliver Licensor Presentations only to grade levels and age groups that fit the Product License purchased.
Age range exceptions apply for participants with special needs. The NFEC provides additional complimentary consultations to those that serve the special needs community and written authorization is needed to teach outside the age ranges covered in this Agreement.
a) No copies can be made of the Student Guides located in the Curriculum Package outside the Licensor provided Print on Demand Center. Licensee must be current on Print on Demand Center annual dues which are renewed automatically. Unused reprints get rolled over to future years and annual reprint license fees are billed automatically. Those making photo copies or printing Student Guides outside the Licensors Print on Demand Center violate Licensors copyright and will be charged $125 per Student Guide where Licensors copyright was violated.
b) Licensee can charge for educational services and Presentations rendered
c) All marketing, promotion and outreach material must adhere to the guidelines set forth in the Agreement.
d) Licensee may donate the licensed Presentations to other groups upon written approval by the Licensor
e) The licensee agrees that any logos added to the marketing Material, Presentations, Programs and all components of the Resources must be done so by the Licensor. Logos of sponsors, partners and others cannot be used without written permission of the NFEC. An additional investment may be required to add additional logos
f) If the Licensee mentions financial education standards in promotions or other forms of communication, Licensee must mention the NFECs “National Financial Literacy Framework & Standards” prior to mentioning any other financial education industry standards In a font type and size relative to those surrounding it and legible to the average reader.
g) The Licensor can modify, adjust or cancel this agreement at any time. A 30 day written notice will be delivered electronically to Licensee to the email address provided at time of purchase.
h) Licensees agree to protect Proprietary Information. Proprietary Information shall be deemed to include any trade secret, information, process, technique, algorithm, computer program (source and object code), design, drawing, formula or test data relating to any research project, work in progress, future development, engineering, manufacturing, marketing, marketing campaign, promotion, servicing, financing or personal matter relating to the disclosing party, its present or future products, sales, suppliers, clients, customers, employees, investors or business, whether in oral, written, graphic or electronic form. Licensee shall maintain all Proprietary Information in trust and confidence and shall not disclose to any third party or use any Proprietary Information for any unauthorized purpose. Proprietary Information shall not be used for any purpose or in any manner that would constitute a violation of any laws or regulations, including without limitation the export control laws of the United States. No rights or licenses to trademarks, inventions, copyrights, trade secrets or patents are implied or granted under this Agreement.
The Licensee recognizes and agrees that the Resources are the property of the Licensor, the National Financial Educators Council, and are copyrighted. The Program contains proprietary information of the National Financial Educators Council and the Licensee may not do any of the following
a) Copy, reproduce, display, share or disclose information other than as consistent with the License Granted section of this Agreement
b) Sell, transfer, license, rent, sublicense, repurpose, combine or adapt the Programs or use them in any manner not expressly authorized by this agreement
c) Remove or alter the copyright notice or other legal disclaimers contained within the Program, Training or Curriculum Packages
d) Licensee may not videotape themselves using Resources to create products or promotional materials without written approval from the Licensor.
f) Licensee are not permitted to share, teach or deliver the Training associated with the Licensee training, including sharing instructors guide, Certified Financial Education Instructor material, business training material and other material designed to educate the Licensee
g) Licensee must be current on annual renewal to use NFEC Resources.
The License to use the Material may be revoked at any time by the Licensor for violations of this agreement. The license can be revoked upon non-renewal of the Certified Financial Education Instructor training program, upon violation of the terms and conditions, upon forfeiture of CFEI designation or upon the Licensor revoking of CFEI designation. If your License is revoked there is no refund of any of the monies paid
Licensee agrees to the name usage terms below:
Private-label Licensee. Licensee cannot use, mention, feature, or promote the Licensors name or brands without written consent of the licensor. If the Licensee mentions financial education standards in promotions or other forms of communication, Licensor must mention the NFECs “National Financial Literacy Framework & Standards” prior to mentioning any other financial education industry standards.
Co-branded, NFEC-branded and other branding options that feature Licensor can mention the National Financial Educators Councils name and/or other branded material per the terms listed in this section.
All mentions of NFEC branded material must include the National Financial Educators Councils name or NFEC. Examples of acceptable usage – the National Financial Educators Councils’ Real Money Experience or NFECs’ Life Events Education, National Financial Educators Council, Real Money Experience. End User must use the National Financial Educators Council or NFEC in marketing, press releases, outreach efforts, email blasts, direct mailers, television advertisements, internet marketing and all forms of media, outreach and marketing when using the name of our product lines. These Names include but is not limited to NFEC, National Financial Capability Strategy, Financial Educators Day, Real Money Experience, Family Savings Challenge, Framework for Teaching Personal Finance, Financial Literacy Framework & Standards, SavingsFund, Financial Educators Council, Certified Financial Education Instructor, Certified Financial Education Professional, Financial EduNation, Money XLive, Family Money Challenge, Financial Independence Week, Financial Education Publication Award, Core 12 Financial Capability Curriculum, Core 80 Financial Capability Curriculum, Life Stages Financial Literacy Curriculum.
Licensee is prohibited from using any of the NFEC’s brand names as URLs’ social media page names, or in any online format.
Licensee is prohibited from using any of the Licensors name or branded names or similar names in conjunction with any domain names or corporate names.
The National Financial Educators Council provides a thirty (30) day limited warranty. The electronic and physical Programs will be free from physical defects. The Program will be replaced if the Licensee returns the Programs within 30 days of delivery. The 30 day warranty is ended and the investment is non-refundable after the NFEC begins work on any custom program which includes program design, web design, custom marketing pieces, media research, media releases, consultation or any other activity that is specifically created or done for the Licensee. The NFEC does not warrant that the Program will meet the End Users expectation of needs. End User further understands typographical, spelling or grammar errors do not constitute a defect and no exchanges will be made for these Program errors.
Due to the proprietary and valuable nature of the Training and Program Information, the obligations assumed by the End User shall be unlimited in time or territory or if it is held by a court of competent jurisdiction that this provision is illegal, invalid or unenforceable, shall apply up to five (5) years after disclosure of such Information. NFEC Certified Financial Education Instructor and License are valid for one (1) year and to keep the certification valid. The annual investment starts on the first day of year two (2) to maintain Certified Financial Education Instructor status and have the ability to use the Curriculum Packages.
These terms and conditions are subject to change without notice, from time to time at the Licensors sole discretion. The Licensor will notify you of amendments to these terms and conditions by posting them on the website www.FinancialEducatorsCouncil.org and notifying parties via the email they entered into the system at time of purchase
In the event the parties are not able to resolve any dispute between them arising out of or concerning these Terms and Conditions, or any provisions hereof, whether in contract, tort, or otherwise at law or in equity for damages or any other relief, then such dispute shall be resolved only by final and binding arbitration pursuant to the Federal Arbitration Act, conducted by a single neutral arbitrator and administered by the American Arbitration Association, or a similar arbitration service selected by the parties, in a location mutually agreed upon by the parties. The arbitrator’s award shall be final, and judgment may be entered upon it in any court having jurisdiction. In the event that any legal or equitable action, proceeding or arbitration arises out of or concerns these Terms and Conditions, the prevailing party shall be entitled to recover its costs and reasonable attorney’s fees. The parties agree to arbitrate all disputes and claims in regards to these Terms and Conditions or any disputes arising as a result of these Terms and Conditions, whether directly or indirectly, including Tort claims that are a result of these Terms and Conditions. The parties agree that the Federal Arbitration Act governs the interpretation and enforcement of this provision. The entire dispute, including the scope and enforceability of this arbitration provision shall be determined by the Arbitrator. This arbitration provision shall survive the termination of these Terms and Conditions.
Class Action Waiver
Any arbitration under these Terms and Conditions will take place on an individual basis; class arbitrations and class/representative/collective actions are not permitted. THE PARTIES AGREE THAT A PARTY MAY BRING CLAIMS AGAINST THE OTHER ONLY IN EACH’S INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PUTATIVE CLASS, COLLECTIVE AND/ OR REPRESENTATIVE PROCEEDING, SUCH AS IN THE FORM OF A PRIVATE ATTORNEY GENERAL ACTION AGAINST THE OTHER. Further, unless both you and NFEC agree otherwise, the arbitrator may not consolidate more than one person’s claims, and may not otherwise preside over any form of a representative or class proceeding.
THE INFORMATION, SOFTWARE, PRODUCTS, AND SERVICES INCLUDED IN OR AVAILABLE THROUGH THE SITE MAY INCLUDE INACCURACIES OR TYPOGRAPHICAL ERRORS. CHANGES ARE PERIODICALLY ADDED TO THE INFORMATION HEREIN. NATIONAL FINANCIAL EDUCATORS COUNCIL AND/OR ITS SUPPLIERS MAY MAKE IMPROVEMENTS AND/OR CHANGES IN THE SITE AT ANY TIME.
ATIONAL FINANCIAL EDUCATORS COUNCIL AND/OR ITS SUPPLIERS MAKE NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, AVAILABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THE SITE FOR ANY PURPOSE. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED “AS IS” WITHOUT WARRANTY OR CONDITION OF ANY KIND. NATIONAL FINANCIAL EDUCATORS COUNCIL AND/OR ITS SUPPLIERS HEREBY DISCLAIM ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT.
NFEC reserves the right, in its sole discretion, to terminate your access to the Site and the related services or any portion thereof at any time, without notice. To the maximum extent permitted by law, this agreement is governed by the laws of the State of Nevada and you hereby consent to the exclusive jurisdiction and venue of courts in Nevada in all disputes arising out of or relating to the use of the Site. Use of the Site is unauthorized in any jurisdiction that does not give effect to all provisions of these Terms, including, without limitation, this section.
You agree that no joint venture, partnership, employment, or agency relationship exists between you and NFEC as a result of this agreement or use of the Site. NFEC’s performance of this agreement is subject to existing laws and legal process, and nothing contained in this agreement is in derogation of NFEC’s right to comply with governmental, court and law enforcement requests or requirements relating to your use of the Site or information provided to or gathered by NFEC with respect to such use. If any part of this agreement is determined to be invalid or unenforceable pursuant to applicable law including, but not limited to, the warranty disclaimers and liability limitations set forth above, then the invalid or unenforceable provision will be deemed superseded by a valid, enforceable provision that most closely matches the intent of the original provision and the remainder of the agreement shall continue in effect.
Unless otherwise specified herein, this agreement constitutes the entire agreement between the user and NFEC with respect to the Site and it supersedes all prior or contemporaneous communications and proposals, whether electronic, oral or written, between the user and NFEC with respect to the Site. A printed version of this agreement and of any notice given in electronic form shall be admissible in judicial or administrative proceedings based upon or relating to this agreement to the same extent and subject to the same conditions as other business documents and records originally generated and maintained in printed form. It is the express wish to the parties that this agreement and all related documents be written in English.
NFEC reserves the right, in its sole discretion, to change the Terms under which www.FinancialEducatorsCouncil.org is offered. The most current version of the Terms will supersede all previous versions. NFEC encourages you to periodically review the Terms to stay informed of our updates
No Earnings Projections
Promises or Representations. Licensee understands and agrees that there are important risk factors that should be considered by you when deciding whether to implement any of the strategies or techniques taught in this financial education course. You recognize and agree that we have made no implications, warranties, promises, suggestions, projections, representations or guarantees whatsoever to you about future prospects or earnings, or that you will earn any money, with respect to your purchase of this financial education course, and that we have not authorized any such projection, promise, or representation by others.
Any earnings or income statements, or any earnings or income examples, are only estimates of what we think you could earn. There is no assurance you will do as well as stated in any examples. If you rely upon any figures provided, you must accept the entire risk of not doing as well as the information provided. This applies whether the earnings or income examples are monetary in nature or pertain to advertising credits which may be earned (whether such credits are convertible to cash or not). There is no assurance that any prior successes or past results as to earnings or income (whether monetary or advertising credits, whether convertible to cash or not) will apply, nor can any prior successes be used, as an indication of your future success or results from any of the information, content, or strategies. Any and all claims or representations as to income or earnings (whether monetary or advertising credits, whether convertible to cash or not) are not to be considered as “average earnings”. You understand that this financial education course has not been available for purchase long enough to provide an accurate earnings history.
a) The Economy. The economy, where you live and do business, and on a national and even worldwide scale, creates additional uncertainty and economic risk. An economic recession or depression might negatively affect the results produced by this financial education course.
b) Your Success or Lack of It. Your success in using the information or strategies provided by this course depends on a variety of factors. We have no way of knowing how well you will do, as we do not know you, your background, your work ethic, your dedication, your motivation, your desire, or your business skills or practices. Therefore, we do not guarantee or imply that you will get rich, that you will do as well, or that you will have any earnings (whether monetary or advertising credits, whether convertible to cash or not), at all. Businesses and earnings derived there from, involve unknown risks and are not suitable for everyone. You may not rely on any information presented in the course or otherwise provided by us, unless you do so with the knowledge and understanding that you can experience significant losses (including, but not limited to, the loss of any monies paid to purchase the course, and/or any monies spent in reliance upon the information provided in the course, and further, that you may have no earnings at all (whether monetary or advertising credits, whether convertible to cash or not)
c) Forward-Looking Statements. Materials contained in this course, or on the website where the course was purchased, may contain information that includes or is based upon forward-looking statements within the meaning of the securities litigation reform act of 1995. Forward-looking statements give our expectations or forecasts of future events. you can identify these statements by the fact that they do not relate strictly to historical or current facts. they use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning in connection with a description of potential earnings or financial performance. Any and all forward looking statements in the course or on the website are intended to express our opinion of earnings potential. many factors will be important in determining your actual results and no guarantees are made that you will achieve results similar to ours or anybody else, in fact no guarantees are made that you will achieve any results from our ideas and techniques in our materials.
d) Due Diligence. You are advised to do Your own due diligence when it comes to making business decisions and should use caution and seek the advice of qualified professionals. You should check with Your accountant, lawyer, investment advisor, or other appropriate professional before acting on this or any information. You may not consider any examples, documents, or other content on the course or otherwise provided by us to be the equivalent of legal, accounting, or investment advice. Nothing contained in the course or in materials available for sale or download on the website provides legal, investment, or accounting advice in any way. You should consult with your own attorney, financial investment advisor, and accountant with any questions you may have. We assume no responsibility for any losses or damages resulting from your use of any information or opportunity contained within the course, on the related website, or within any information disclosed by the owner of the course and the website in any form whatsoever.
e) Purchase Price. Although we believe the price is fair for the value that you receive, you understand and agree that the purchase price for this financial education course has been arbitrarily set by us. This price bears no relationship to objective standards.
f) Testimonials & Examples. Testimonials and examples for this course and on the related website are exceptional results, do not reflect the typical purchaser’s experience, don’t apply to the average person and are not intended to represent or guarantee that anyone will achieve the same or similar results. Where specific income or earnings (whether monetary or advertising credits, whether convertible to cash or not), figures are used and attributed to a specific individual or business, that individual or business has earned that amount. There is no assurance that you will do as well using the same information or strategies. If you rely on the specific income or earnings figures used, you must accept all the risk of not doing as well. The described experiences are atypical. Your financial results are likely to differ from those described in the testimonials. You understand that this course has not been available for purchase long enough for us to determine what are typical financial results.
Recipient may not assign its rights, duties or obligations under this Agreement without the prior written approval of the NFEC. The NFEC shall have the right to transfer its interest in this Agreement without the consent of the End User
This Agreement shall be construed in accordance with, and governed in all respects by, the laws of the State of Nevada, without regard to conflicts of law principles
This Agreement may be executed in several counterparts, each of which shall constitute an original and all of which, when taken together, shall constitute one agreement.
If any part or parts of this Agreement shall be held unenforceable for any reason, the remainder of this Agreement shall continue in full force and effect. If any provision of this Agreement is deemed invalid or unenforceable by any court of competent jurisdiction, and if limiting such provision would make the provision valid, then such provision shall be deemed to be construed as so limited.
Any notice required or otherwise given pursuant to this Agreement shall be in writing and mailed certified return receipt requested, postage prepaid, or delivered by overnight delivery service, addressed as follows:
National Financial Educators Council
400 S. 4th Street
Las Vegas, NV 89101
This Agreement constitutes the entire agreement between the NFEC and End User, and supersedes any prior understanding or representation of any kind preceding the date of this Agreement. There are no other promises, conditions, understandings or other agreements, whether oral or written, relating to the subject matter of this Agreement.
You agree to indemnify, defend and hold harmless NFEC, its officers, directors, employees, agents and third parties, for any losses, costs, liabilities and expenses (including reasonable attorney’s fees) relating to or arising out of your use of or inability to use the Site or services, any user postings made by you, your violation of any terms of this Agreement or your violation of any rights of a third party, or your violation of any applicable laws, rules or regulations. NFEC reserves the right, at its own cost, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will fully cooperate with NFEC in asserting any available defenses.
Additional Resource Information
National Financial Educators Council
400 S. 4th Street Suite 500
Las Vegas, Nevada 89101
Effective as of August 1, 2019