BUSINESS AGREEMENT

BUSINESS AGREEMENT

This BUSINESS AGREEMENT (“Agreement”) is made on [DATE] (“Effective date”) by and between [NAME OF YOUR COMPANY], with a business address at [ADDRESS] (“Company”), and [NAME OF PARTNER] with an address of [ADDRESS] (“Partner”).

The Partner and the Company shall be jointly referred to as “Parties” and individually as a “Party”.

Whereas, the Company is a social sporting mobile application;

Whereas, this agreement shall state the terms and conditions upon which the Company and the partners will work with each other.

Whereas, both parties have read, understood and discussed the outline of the business goals, duties and expectations.

IN CONSIDERATION OF the premises, covenants and mutual understanding herein, the parties to this contract do agree as follows:

  1. THE AGREEMENT
  • This agreement shall be effective as from the date indicated in this agreement “Effective date” and shall run until completion of the service or until this agreement has been terminated in accordance with the terms of this agreement.
  • The Partner and the Company agree to abide by the terms herein. Breach of any term of this agreement may lead to termination of this agreement. Further legal action may be taken in the event of breach.
  • The Company hereby allocates to the Partner ____________ % of Company and ______________shares.
  • The Partner shall work with the Company as a _________________ (Job description).
  • The duties of the partner shall include, but not limited to ____________( State duties of the partner)
  • Upon early termination of this agreement, the Company shall reposes its shares from the Partner.
  • “Early termination” means premature termination of this agreement or termination before the lapse of 3 years from the effective date.
  1. INTELLECTUAL PROPERTY

Company will retain ownership of any data, information or intellectual property furnished to Partner in connection with this Agreement.

  1. CONFIDENTIALITY
    • Confidential Information.

For purposes of this Contract, “Confidential Information” shall mean information or material proprietary to a Party or designated as confidential by such Party (the “Disclosing Party”), as well as information about which a Party (the “Receiving Party”) obtains knowledge or access, through or as a result of this Contract (including information conceived, originated, discovered or developed in whole or in part by the contractor hereunder). Confidential Information does not include:

  1. a) Information that is or becomes publicly known without restriction and without breach of this Contract or that is generally employed by the trade at or after the time the Receiving Party first learns of such information;
  2. b) Generic information or knowledge which the Receiving Party would have learned in the course of similar employment or work elsewhere in the trade;
  3. c) Information the Receiving Party lawfully receives from a third party without restriction on disclosure and without breach of a nondisclosure obligation;
  4. d) information the Receiving Party rightfully knew prior to receiving such information from the Disclosing Party to the extent such knowledge was not subject to restrictions on further disclosure; or

(e) Information the Receiving Party develops independent of any information originating from the Disclosing Party.

Non-Disclosure. The Parties hereby agree that during the term hereof and at all times thereafter, and except as specifically permitted herein or in a separate writing signed by the Disclosing Party, the Receiving Party shall not use, commercialize or disclose Confidential Information to any person or entity. Upon termination, or at any time upon the request of the Disclosing Party, the Receiving Party shall return to the Disclosing Party all Confidential Information, including all notes, data, reference materials, sketches, drawings, memorandums, documentations and records which in any way incorporate Confidential Information.

  1. NOTICES

Any notices permitted or required pursuant to this Agreement shall be deemed effective if made in writing and sent, postage prepaid, return receipt requested, or by overnight delivery, as follows:

 

If to Company:

[Company address]

 

If to Partner:

[Partner Address]

  1. ENTIRE AGREEMENT

This Agreement sets forth the entire agreement between Company and Partner as to its subject matter.  None of the terms of this Business Contract shall be amended except in writing signed by both parties.

  1. DISPUTES

Except as otherwise specifically agreed in writing by the Parties, any dispute relating to any rights and/ or obligations arising from this Agreement which is not resolved by the parties shall be adjudicated by any court of competent jurisdiction.

  1. TERMINATION FOR BREACH

If either party breaches this Agreement, the other may terminate this Agreement if the breaching party does not cure the breach within thirty (30) days of written notice of same. Termination shall be without prejudice to any rights which may have been accrued to either party before termination.

  1. FORCE MAJEURE

Neither Company nor Partner shall be liable for failure of, or delay in performing obligations set forth in this Agreement, and neither shall be deemed in breach of its obligations, if such failure or delay is due to natural disasters or any causes reasonably beyond the control of Company or Partner.

  1. SEVERABILITY

The parties agree that if any portion of this contract is found to be void or unenforceable, it shall be struck from the record and the remaining provisions will retain their full force and effect.

  1. AUTHORITY AND COMPLIANCE

Partner and Company have the right and authority to enter into and perform their obligations under this Agreement. Partner and Company will perform all of its obligations under this Agreement in accordance with all applicable governmental laws, rules, and regulations.

  1. CHOICE OF LAW

This Agreement shall be construed in accordance with the laws of the State of [STATE]

IN WITNESS WHEREOF the parties have caused this Business Agreement to be executed and delivered by their duly authorized representatives

 

COMPANY

Name:

Representative:

 

Signature: _________________________________

Date: ______________________________________

 

 

PARTNER

Name:

Title:

 

Signature ____________________________

Date ________________________________

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