BUSINESS AGREEMENT
This Business Agreement ( hereinafter referred to as the “Agreement”) is entered into
and effective as of _________________, by and between STAR PALLETS LLC of
7800 Jensen Dr Houston, TX 77093 (hereinafter referred to as the “Company”), and
GENAN INC. (hereinafter referred to as the “Customer”) collectively referred to as
“Parties”.
WHEREAS the Company is in the business of supplying wooden pallets to the
customer herein; – Parties agree to be legally bound as follows-
1. Purpose.
The agreed purpose for this agreement is for the Company to supply the customer with
wooden pallets to honor a price of $6.75 for the remainder of the year 2023. At the start
of the new year, 2024 the new price will be $7.25.
2. Condition.
Parties herein agree that in order to honor and maintain the above mentioned purpose,
the minimum order amount would be 2 loads of 520 pallets per month, failure of which
the price would be higher.
3. Governing Law
This agreement shall be governed and construed in accordance with the laws of the
State of Texas.
4. Dispute/Conflict Resolution.
In the event of any dispute or disagreement between any of the Parties affecting the
Parties respective rights or the interpretation of this Agreement, the disputing Party shall
set forth their respective positions and disagreements in writing and give notice of the
same to each other, and make a good faith effort to resolve the dispute or
disagreement.
If the dispute is not settled at the expiration of fifteen (15) days from the time such
notice is received, then the entire matter shall be submitted to binding arbitration.
5. Severability
In the event that any provisions of this agreement shall be determined to be invalid or
unenforceable, prohibited by the laws of the State or place where it is performed, this
agreement shall be considered divisible as to such provisions, and such provisions shall
be inoperative and shall not be a part of the consideration moving from any part to the
other, and the remaining provisions of this agreement shall be valid and binding and of
like effect as though such invalid, unenforceable, or prohibited provisions were not
included herein.
6. Entire Agreement
This instrument contains the entire agreement of the parties relating to the obligations
assumed by this agreement.
7. Modifications/amendments.
Any oral representations or modifications concerning this instrument shall be of no force
or effect unless contained in a subsequent writing signed by the party to be charged
therewith.
This agreement may be amended at any time and from time to time, but any
amendment must be in writing and signed by each party.
8. Waiver
No waiver of any provision of this Agreement shall be deemed to be or constitute a
continuing waiver of any other provision unless otherwise expressly provided in writing.
IN WITNESS WHEREOF, the parties hereto have hereunto executed this Agreement
under seal as of the day and year first above written.
STAR PALLETS LLC
By:
Name:
Date:
Signature:
GENAN INC.
By:
Name:
Date:
Signature:
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