Common Good Agreement

A. I recognize that:

  • Common Good Credits are intended as the basis for the Common Good Economy -- a democratic, community-centered economic system that puts people and planet first.
  • When I pay or accept payment in Common Good Credits, I am building the Common Good Economy.
  • When I pay attention, make suggestions for improvement, and participate in decisions with other Common Good members, I am building the Common Good Economy.

B. As a responsible participant in the Common Good Economy:

  1. As long as I can spend my Common Good Credits easily or exchange them easily for US Dollars, I will accept them without limit as payment for my goods and services (or labor). I will exchange Common Good Credits for US Dollars only if I cannot spend them easily.
  2. I will accept Common Good Credits from members of any Common Good Community in good standing.
  3. If needed I will back Common Good Credits up to my average monthly use over the past six months.
  4. Whenever I exchange Common Good Credits for US Dollars or vice versa, I will exchange them one for one, and I will price my goods and services (or labor) the same in Common Good Credits and in US Dollars.
  5. I understand I may receive from the community a credit line that I can spend but cannot cash out. If I use my credit line and then stop participating (or if my Common Good Community or the entire Common Good System closes down), I will bring my negative balance up to zero as soon as possible.
  6. When there is a dispute in my dealings with other Common Good participants, I will follow the Dispute Resolution Process and will honor its outcome.
  7. I agree to participate in managing the Common Good Economy to the best of my ability and as my life circumstances allow.