The Club shall be organized and exist only for the purpose of carrying out the programs of FFI and shall be operated as a nonprofit organization. No part of the net earnings of the Club shall be distributed for the benefit of any private individual. The Club shall operate programs only with the specific written approval of FFI. Under no circumstances shall FFI be held for any debt of liability of the Club. All of the activities of the Club shall be in accord with guidelines, policies, and procedures adopted by FFI from time to time, which policies and procedures are incorporated into this agreement by reference.
This agreement may be terminated by either the Club or FFI at any time by giving written notice to the other party. Upon termination, the Club shall cease immediately to use the trade name and service marks of FFI, shall not engage in any further activity in the name of FFI, and shall account to FFI for all money and property in its possession.