BUSINESS AGREEMENT.
This Agreement is made on ________________ between ________________
(hereinafter referred to as the "Company") and _______________ (hereinafter
referred to as the "Client"). Together referred to as the parties.
WHEREAS the parties herein have agreed to be legally bound by the terms herein
from ______________ (hereinafter referred to as the “Effective Date”).
1. Services.
The Company agrees to provide a financial literacy class.
Parties have agreed on the sessions for the class to be for eight weeks and each
class going for a period of one hour.
The parties agree to the class capacity of 12 Students.
Any Special offers to other programming provided by the Company and enrichment
shall only be applied to students who’ve taken Financial Literacy course.
2. Compensation.
Throughout the engagement period and considering the services performed herein,
the Client will pay the amount as previously agreed upon.
Parties agree that the agreed payments herein shall be done through Bill.com.
3. Term of Agreement.
This Agreement shall be effective from September 2022 to May 2023 unless
otherwise terminated by parties as described in this Agreement.
4. Cancellation.
Parties herein agree that for cancellations that is NOT due to school closure,
holidays, or planned at least 72 hours ahead will incur a cost of 1/2 of a full session.
5. Confidentiality.
The parties acknowledge that during the performance of the services under this
Agreement, it will be necessary for the parties to disclose certain confidential
information to the other, who agrees not to disclose or share any confidential
information to any third parties without written consent from the disclosing party.
The confidentiality provisions contained within this Agreement shall remain in full
force and effect for a period after the termination of the services.
6. Intellectual Property.
The parties herein agree that the information shared and the worksheets and things
handed out are intellectual property of the Company not to be distributed to any third
parties.
Any pictures will be property of the Company and may be utilized for marketing
purposes.
Any plans, operating agreements, business plans, investment strategies created in
the course will be intellectual property of the Company and maybe shared with the
public.
7. Warranties.
The Company warrants that the service provided herein shall be performed
professionally, conforming to the generally accepted industry standard.
8. Waiver.
Suppose either party fails to enforce any provision contained within this Agreement.
In that case, it shall not be construed as a waiver or limitation of that party’s right to
subsequently enforce and compel strict compliance with every provision of this
Agreement.
9. Relationship.
The Company is an independent contractor and shall not be deemed the Client’s
employee unless the same is agreed between the parties herein.
The parties agree that the Company is an independent contractor and is allowed to
take other professional business opportunities separate from this Agreement.
10. Termination.
Either party to this Agreement may elect to terminate the provisions by issuing a
thirty days’ written notice, clearly stating the reasons for the termination, which may
include but are not limited to the following reasons; –
i. A material breach of the terms herein.
ii. Failure to make the required payments.
iii. Failure to provide the necessary standard of services.
iv. Doing anything which is against the law.
In the event the Company has done any other services after the notification of
termination, payment will not be done for that. Any service done up to the time of the
notification of termination will be paid if it is satisfactory.
11. Governing Law.
This Agreement’s provisions shall be interpreted and governed by the laws of the
state of Massachusetts.
12. Assignment.
The services to be provided and the payments herein shall not be assigned to any
third parties without the other party’s written consent.
13. Dispute/Conflict Resolution Mechanism.
Any dispute, controversy, or claim arising out of or relating to this Agreement or the
interpretation, breach, or validity shall primarily be resolved through mediation; if it
fails, the same shall be referred to arbitration.
14. Entire Agreement.
This Agreement contains the complete and entire Agreement of both the Company
and the Client. There are no other promises or conditions, oral or written, outside this
Agreement, and this Agreement supersedes any prior written or oral agreements
between both parties.
15. Severability.
Should any provision contained within this Agreement be deemed invalid or
unenforceable, in part or whole, such invalidity or unenforceability will attach only to
the particular condition or part of this Agreement, while the remaining aspects of said
provision and all other provisions of this Agreement shall remain in full force and
effect.
16. Modification.
The provisions and terms may be modified only by writing signed by both parties.
IN WITNESS WHEREOF, the Company has hereunto set their hand, and the Client
has caused this instrument to be executed in its name and on its behalf; –
_______________________________________________
(The Client/ Duly Authorized Representative Signature)
____________________________________________
(The Client/ Duly Representative Name)
______________________________________________
(The Company/Duly Authorized Representative Signature)
______________________________________________
(The Company/Duly Authorized Representative Name)
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