BUSINESS AGREEMENT
This Business Agreement is entered into on _________________ by and between
VERTEXO SIA located at Latvija, Rīga, LV-1055 Gara iela 21-7 Reg. Nr:
40203073672 (hereinafter referred to as the “Company”) and Tennis Europe
located at Zur Gempenfluh 36 CH-4059 Basel Switzerland (hereinafter referred to as
the “Client”) together herein referred to as “parties”.
WHEREAS, the Client desires to engage and retain the services of the Company;
and
WHEREAS, the Company is willing to provide the required services for consideration
under this Agreement;
THEREFORE, the parties willingly agree to be legally bound by the terms and
provisions of this Agreement as set hereof:
1. Term.
This Agreement shall be in force and binding upon the parties for a duration of
______________ from the date of signing of this agreement (hereinafter referred to
as the “Effective date”).
2. Services.
The Company is an IT startup and agree to build a web platform for the Client known
as “Tennis Europe NEW Brand HUB”.
Whereas the services shall have three agreed milestones; –
i. Design
ii. Front-End development
iii. Back-End development
3. Payment.
In consideration of providing the services stated above the client shall pay 9600
euros the total cost for the project.
Parties agree that 3,200 euros should be transferred before the start of each
milestone. Once a milestone is completed it should be agreed upon/discussed
between the parties and once it is approved the Client is paying for the next
milestone, and the Company starts the next development.
4. Timeframe.
The parties herein agree to the following timeframe that has been set; –
i. Milestone 1 timeframe: 1 month from receiving the first payment
ii. Milestone 2 timeframe: 1 month from receiving the second payment
iii. Milestone 3 timeframe: 1.5 months from receiving the third payment
5. Delivery.
Parties agree that at the delivery of the final product, the Client shall receive all
codes of the platform and become its owner, and can use it in any way they want.
In the event the Client will not need the Company’s maintenance service, the Client’s
IT team or any other third party can assist with the maintenance.
6. Repair and Maintenance.
The parties herein agree and acknowledge that once the platform is launched, the
Client will have six months of free trial during which the Company will fix all bugs (if
any).
After the expiry of the six months free trial, the Client will have to pay the sum of 300
euros per month as a maintenance fee.
Parties agree that the maintenance fee does not include creation of the graphics.
7. Confidentiality.
The parties herein agree and acknowledge that they will come into contact with
information or data that is confidential during the performance of the contracted
services, and agree not to disclose the confidential information to any third parties
without the prior written consent of the other party.
8. Relationship.
The Client and the Agency shall not be identified as partners or having a joint
venture, and nothing shall be construed to place them as such. Their relationship is
that of an Independent Contractor.
9. Governing Law.
This Agreement shall be governed and construed in accordance with the applicable
laws of the Republic of Latvia.
10. Dispute/Conflict Resolution.
In case of any dispute or conflict that may arise in connection with the performance
of the obligations under this Agreement and the terms herein, the same shall be
referred to Mediation, where the parties herein will participate in good faith to resolve
the matter.
If the Mediation fails, the dispute/conflict shall be prosecuted by a Court of
competent jurisdiction.
11. Entire Agreement.
This Agreement constitutes the entire Agreement between the parties regarding the
subject matter and supersedes any prior agreements, negotiations, or promises,
whether written or oral.
12. Assignment.
The Company shall not assign its duties and obligations under this Agreement to any
third party except by consent of the Client.
13. Severability.
Suppose any provision of this Agreement is deemed invalid and unenforceable. In
that case, the same shall be severed from the entire Agreement, and the remaining
provisions shall continue to be enforced as they were not affected.
14. Waiver.
The failure of any party herein from exercising any remedy due to a default thereof
shall not operate as a waiver of the said right. It shall not preclude the party from any
future or subsequent remedy.
15. Amendment.
The terms and provisions of this Agreement may only be modified or changed by a
signed written instrument between the parties herein without the involvement of any
affiliates or successors.
16. Acceptance.
By the parties signing herein below, they accept to be legally bound by the terms and
provisions of this agreement.
IN WITNESS WHEREOF, the parties have signed this Digital Marketing Agreement
on the date herein;
By the Company; – By the Client; –
Representative: Nikita Ribakovs
Designation: Director of the Board
Signature:
__________________________
Date:
______________________________
Email Address: nri@vertexo.co
Representative: Dima Leifman
Designation: Head of Marketing
Signature: __________________________
Date: ______________________________
Email Address:
marketing@tenniseurope.org
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