BUSINESS PARTNERSHIP AGREEMENT.
This Business Partnership Agreement (hereinafter referred to as the “Agreement”) is made and entered on this ____ day of _____ 2021 (the “Effective Date”), between Shyrah Strickland, Contact Info: ___________________, and Ericca Strickland, Contact Info: __________________ (hereinafter collectively referred to as the “Owners” or “Owner”), for partnership in 360 Home Care, INC (hereinafter referred to as the “Company”).
NOW THEREOF, in consideration of the mutual covenants and promises made by the Parties hereto, the Parties covenant and agree as follows:
- TERM.
The initial term of this Agreement shall be indefinite, commencing on the Effective Date herein, with a buy-out option as shall/may be negotiated by the Parties.
- CONDITION.
The Owners acknowledge and agree that either Owner has the option to buy out the other for Five Hundred Thousand Dollars ($500,000), and assume the full ownership and control of the Company.
- CONFIDENTIALITY.
The Parties agree to keep details of this Agreement and any other confidential information about the Company covered under this Agreement and the dealings of the Company confidential. The Owners shall not use the said information without prior written consent by the Company except when;
- The information is required by law.
- The information is already in the public domain.
- WARRANTIES AND REPRESENTATION.
- The Parties each represents and warrants that they are NOT party to any other agreement that would restrict their obligations under this Agreement.
- Each Party represents and warrants that, for the purpose of this Agreement, no third party can claim any rights to any intellectual property or other proprietary rights possessed by the said Party as it relates to this Agreement.
- WAIVER AND ASSIGNMENT.
- The waiver by either Party of any breach or failure to enforce any of the terms and conditions of this Agreement at any time shall NOT in any way affect, limit, or waive such party’s right thereafter to enforce and compel strict compliance with every term and condition of this Agreement.
- No Party shall assign its rights or obligations under this Agreement without prior Notice or consent by the other Party.
- MODIFICATIONS.
This Agreement contains the entire Agreement between the Parties relating to the subject matter hereof and supersedes any and all prior agreements or understandings, written or oral, between the parties related to the subject matter hereof. No modification of this Agreement shall be valid unless made in writing and signed by both parties hereto.
- DISPUTE RESOLUTION.
In the event of disputes arising about the execution of this Agreement and/or performance of obligations stated herein, the Parties shall solve such issues through a mediation process.
- GOVERNING LAW/JURISDICTION.
This Agreement shall be governed by and construed in accordance with the laws of the State of Minnesota, USA. Exclusive jurisdiction and venue shall be in Minnesota, USA.
IN WITNESS WHEREOF, this Agreement has been executed by the parties as of the Effective Date.
SHYRAH STRICKLAND: _________________________ ___________________
(SIGNATURE) (DATE)
ERICCA STRICKLAND: ____________________________ __________________
(SIGNATURE) (DATE)
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