BUSINESS AGREEMENT
This Business Agreement (hereinafter referred to as the “Agreement”) is made on
__________________20___ Between Kristopher Carrier on behalf of Wealth
Media Vision (hereinafter referred to as “Party A”), Johnathan Reitzell
and Mojeed Martins for ALIFE Hospitality (hereinafter referred to as “Party B and
Respectively). Together referred to as the “Parties”.
1. Term.
The agreement shall begin on the date signed by the parties below (hereinafter
referred to as the “Effective Date”) and continue for a period of five years unless
otherwise terminated by the parties.
2. Purpose.
The agreed purpose of this agreement is _________________
3. Benefit.
Parties herein agree that every party will receive 33% of the profit per month after
the deduction of all the expenses.
4. Expenses.
Expenses will be deducted from the Gross sum and it will include
$1500 down payment repayment per month, totaling $50,000.
5. Responsibilities.
Parties herein agree that Party A will maintain and house the vehicle.
The Collateral has a total price of $150k, with a balance of $100k due with a monthly
payment to be held by Party A.
Wealth Media Vision LLC will be listed on the title once the collateral payoff is made.
6. Dispute Resolution.
Any controversy or claim arising out of or relating to this Agreement, or the breach
thereof, shall be settled by arbitration in accordance with the rules, then obtaining the
American Arbitration Association, and judgment upon the award rendered may be
entered in any court having jurisdiction thereof.
7. Governing Law.
This Agreement shall be construed, governed, interpreted, and applied according to
the Laws of the State of Texas.
Parties further agree that any significant legal decisions shall be subjected to a vote
amongst the parties.
8. Waiver.
The waiver by either party of the breach of any covenant or provision in this
Agreement shall not operate or be construed as a waiver of any subsequent breach
by either party.
9. Severability.
In the event a court of competent jurisdiction declares any term or provision of this
Agreement to be invalid or unenforceable for any reason, this Agreement will remain
in full force and effect and either:
a. The invalid or unenforceable provision(s) will be modified to the minimum
extent necessary to make such provision(s) valid and enforceable; or
b. If such a modification is not possible, this Agreement will be interpreted as if
such invalid or unenforceable provision(s) were not a part of this Agreement.
10. Amendment of Agreement.
This agreement cannot be amended without the written consent of all parties.
IN WITNESS WHEREOF, the partners hereunto set their signatures and
acknowledged this Agreement as the date first above written.
Signed by the Representative of Wealth
Media Vision; –
Name: Kristopher Carrier
Signature:
__________________________
Date:
______________________________
Email Address:
_____________________
Signed by the Representative of ALIFE
Hospitality; –
Name: Johnathan Reitzell
Signature:
__________________________
Date:
_______________________________
Email Address:
_____________________
Name: Mojeed Martins
Signature:
__________________________
Date:
_______________________________
Email Address:
_____________________
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