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Education

5. Consequences of termination negotiated agreement to terminate – rather than by unilateral and potentially
wasteful action. A negotiated termination is, of course, not always possible due
Getting out of a bad contract is good, to opposing perspectives that are simply irreconcilable. Attempt to negotiate
but make sure the consequences of when possible. Negotiation can take away the element of surprise, but it often
termination are acceptable to you costs less than litigation.
before terminating. For example:
ask whether your ISO might be In publishing The Green Sheet, neither the author nor the publisher is engaged in rendering legal,
liable for certain fees even after accounting, or other professional services. If legal advice or other expert assistance is required,
the agreement is terminated; the services of a competent professional should be sought. For further information on this article,
determine whether the post- please contact Adam Atlas, Attorney at Law via email at atlas@adamatlas.com or by phone at
termination non-solicitation 514-842-0886.
provisions are acceptable to you;
and find out how the agreement's
confidentiality provision would
likely impact your plans following It’s a War out there!
termination. These must all be
considered prior to termination. Time to Band together with the Band of ISO’s

The most important consideration,
however, is whether the ISO will
continue to be paid residuals after
termination. Most ISOs believe
they are entitled to lifetime
residuals on merchants they
bring to processors. However,
the definition of "lifetime" can
vary from contract to contract.
Make sure residuals will be paid
following termination – including
after the specific termination steps
your ISO wishes to implement.
The Merchant Store Presents the ISO Co-op
The consequences of termination
are most complicated when a
party is terminating for cause. Best Buy Rates in the business!
The consequences of a conflictual
termination are unpredictable and Customer Service that is actually a service to the customers!
not within the control of the party True Revenue sharing
terminating. For example, if an ISO
believes a processor has wrongfully Join today for a better Tomorrow!
underpaid the ISO and terminates
the agreement for that reason, The Merchant Store Promise:
the ISO must consider whether • 60 - 80% commission
the processor has underpaid for • Transaction fees: 4 cents!
reasons the processor believes are • $5.00 service fee
rightful – and not simply to keep • Up-front bonus ( does not effect split )
money that would otherwise be • True revenue sharing!
paid to the ISO. • Wholesale equipment pricing!
• Free Terminal and POS placement options!
Long-lasting termination disputes • And, one-on-one support, when and how you need it!
can sometimes outlast the longevity
of the portfolio in dispute – or cost Real partner solutions for Career minded agents!
more to litigate than the value of
the portfolio itself.
To setup your custom agent program,
6. Negotiated termination TheMerchantStore Contact us at: 844.898.2884
Minding your business or Visit our website: MerchantCoOp.com
Just like a bad marriage, a contract
between parties that are constantly LIFETIME RESIDUALS :: UP-FRONT CASH :: WHOLESALE EQUIPMENT
feuding is best ended by way of

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