Legal Question in Employment Law in California

I've been offered a job acting as an agent for a company with the following contract but I'm not sure if this is a legitimate business or prospect. Please advise.
CONTRACT
I. CONTRACT PARTIES
1.1. �AllActionTrade� with headquarters located in 2401 NW 39th St Suite 109, Oklahoma City,
OK, 73189, United States, License #6036779, represented by President, Mr. Kee Kim, from one side, in
quality of beneficiary (hereafter referred to as �Beneficiary�), and
1.2. Mr./Mrs. ��.
address ��. ��.
city ��..state��.zip��..
phone (mobile)��.........................................................................................................
date of birth ��...
e-mail ��..., in quality of
Independent Agent/Contractor (hereafter referred to as �agent�) have agreed to sign this contract. Now,
therefore, in consideration of the execution of the Contract, and the undertakings of the Parties as
hereinafter set forth, it is agreed as follows:
II. CONTRACT OBJECTIVES
2.1. The purpose of this contract is carrying out the financial operations for and in the name of the
Beneficiary according to it�s instructions by the agent:
a) the agent will present itself at the location indicated by the Beneficiary.
b) cashing the amounts for the Beneficiary;
c) 92.5% of the withdrawed sum of this money you should send to the Beneficiary's customers regarding
our transfer instructions.
2.2. In regards to accomplishing the objectives of this contract, the Beneficiary will instruct the agent
the methods through which the financial operations will be made as stated in paragraph 2.1. from the
present contract.
III. DURATION OF CONTRACT
3.1. This contract is made for a period of 1 (one) months, starting from ��. 2010
3.2. The duration of the contract stated in paragraph 3.1. from the present contract can be extended if
both parties wish it and it will be stipulated in an additional annex.
IV. FINANCIAL STIPULATIONS
4.1. After the Contract was signed the agent will receive check.
4.2. The agent will receive a fixed 7.5% net from each cashed check, which will be deducted from the
total amount before sending the balance to to Beneficiary's customers.
4.3. No matter how many transactions you will intermediate, our company will offer you a minimum
income of $1400.00 per month. First salary($700) is paid after two weeks of first completed transfer.
4.4. The Salary will be paid to the agent by wire transfer or paper check.
4.5. Any fees including but not limited to funds being transferred or any other type of bank
wire/money transfer transaction will be supported by the Beneficiary, the fees will be deducted from the
total amount before being sent to the Beneficiary's customers.
BENEFICIARY AGENT
AllActionTrade Full name:
President
Kee Kim

Asked on 6/10/10, 2:08 pm

2 Answers from Attorneys

Terry A. Nelson Nelson & Lawless

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My God man, have you never heard of the Nigerian check scam over the last 20 years, which is what this is??? You get a phony cashiers or certified check to deposit, you send their 'share' and keep yous, only to have your band empty your account and sue you when their check bounces in a few days or weeks. You end up bankrupt. There is no such thing as a free lunch, and no such thing as big 'free' money without effort. Just what are your professional and business qualifications and experience that would make a legitimate company want you as their high finance representative???

Answered on 6/10/10, 5:19 pm

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