PARTNERSHIP AGREEMENT
THE PARTIES: This Agreement (“Agreement”) made on ______________________, 20____, is between _________ with a mailing address of ______________________, City of ______________________, State of ________ (“The Company”) and ___________ with a mailing address of ______________________, City of ______________________, State of ______________________ (“Partner”) both of whom agree as follows:
IN CONSIDERATION OF the matters described above and of the mutual benefits and obligations set forth in this Agreement, the receipt and sufficiency of which consideration is hereby acknowledged, the Company and the Partner (individually the “Party” and collectively “The Parties” to this agreement) agree as follow:
TERMS
- TERM OF AGREEMENT
The term of this agreement (the “Term”) will begin on the date on this agreement and will remain on full force and effect until the completion of the services, subject to earlier termination as provided in this Agreement. The Term may be extended with the written consent of the parties.
- AUTHORITY TO ENTER AGREEMENT
Each Party warrants that the individuals who signed this Agreement have the actual legal power, right and authority to make this agreement and bind each respective Party.
- DUTIES OF PARTIES
This party will handle the day-to-day operations such as cleaning, listing the units, hosting, decorating, etc. upon approval while the other one handles the rest.
- COMPENSATION
For compensation, the division ratio of any monetization income will be 60:40. The party will receive the major cut. The commission is open for negotiation by both parties. The other party will be responsible for all the upfront cost.
- DISPUTE RESOLUTION
If a dispute arises, between or among the Parties in the cause of this Agreement, the Parties shall result to litigation as mode of dispute resolution. Costs related to litigation shall be mutually shared between or among the Parties.
- NOTICES
All notices under this Agreement shall be in writing and sent to the address of the recipient specified herein. Any such notice may be delivered by hand, by overnight courier, certified mail with return receipt, or first class pre-paid letter, and will be deemed to have been received (1) if delivered by hand – at the time of delivery; (2) if delivered by overnight courier – 24 hours after the date of delivery to courier with evidence from the courier; (3) if delivered by certified mail with return receipt – the date as verified on the return receipt; (4) if delivered by first class mail – three (3) business days after the date of mailing.
- TERMINATION
During the course of this agreement, the parties may terminate this Agreements if there is illegal activity, if the party is not performing or any other breach.
- SEVERABILITY
If any term, covenant, condition, or provision of this Agreement is held by a court of competent jurisdiction to be invalid, void, or unenforceable, the remainder of the provisions shall remain in full force and effect and shall in no way be affected, impaired, or invalidated.
- FORCE MAJEURE
Neither party shall be liable for any failure to perform under this Agreement when such failure is due to causes beyond that party’s reasonable control, including, but not limited to, acts of State or governmental authorities, acts of terrorism, natural catastrophe, fire, storm, flood, earthquakes, accident, and prolonged shortage of energy.
- GOVERNING LAW
This Agreement shall be governed under the laws in the State of Pennsylvania.
- AMENDMENT AND MODIFICATION
No supplement, modification or amendment of this Agreement shall be binding unless executed in writing and signed by both parties
- WAIVER
No waiver of any default shall constitute a waiver of any default or breach, whether of the same or other covenant or condition. No of any service voluntarily given or performed by a Party shall give the other Party any contractual right by contractual right or otherwise.
IN WITNESS WHEREOF, this Agreement was signed by the parties under the hands of their duly authorized officers and made effective as of the undersigned date.
Partner’s (1) Signature __________________________ Date ________________
Name ____________________________
Company Name
Partner’s (2)Signature __________________________ Date ________________
Name ____________________________