BUSINESS AGREEMENT.
This Business Agreement (hereinafter referred to as the “Agreement”) is made and entered the ____ day of _____ 2021 (the “Effective Date”), between Persona1, Contact Info: _____________ (hereinafter referred to as the “Company”), and __________, Address _____________ (hereinafter referred to as the “Business”).
NOW THEREOF, in consideration of the mutual covenants and promises made by the Parties hereto, the Parties covenant and agree as follows:
- TERM.
The initial term of this Agreement shall be for a period _____ [Months], commencing on the Effective Date herein.
- SCOPE.
The Company shall provide the Business with design services that shall include but not limited to assisting the Business on digital platforms and the print aspect of the Business. The Company’s obligations shall be:
- ____________________________________________________________.
- ____________________________________________________________.
- ____________________________________________________________.
- ____________________________________________________________.
- ____________________________________________________________.
- PAYMENT.
The Business shall pay the Company ___________ for the services covered under this Agreement, to be paid through a bank transfer within 10 days after the Effective Date. The Business understands and acknowledges that the services shall not be provided if upon 10 days the money has not been received by the Company.
- COPYRIGHT/INTELLECTUAL PROPRIETARY RIGHTS.
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- Upon completion of the project and the transfer of the designs to the Business, the Business shall own all and any copyright/intellectual proprietary right to the designs. The Company shall not lay any claim real or fictitious over the designs covered under this Agreement. Company shall not be held responsible for any copyright infringement claims that may arise from the Business’s use of the designs covered herein.
- The Business agrees and acknowledges that the Company shall retain a copy of the designs to use in their portfolio and/or for marketing/advertisement purposes.
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- WAIVER AND ASSIGNMENT.
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- The waiver by either Party of any breach or failure to enforce any of the terms and conditions of this Agreement at any time shall NOT in any way affect, limit, or waive such party’s right thereafter to enforce and compel strict compliance with every term and condition of this Agreement.
- No Party shall assign its rights or obligations under this Agreement without prior Notice or consent by the other Party.
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The failure on the part of the Company and/or the Company’s employees to perform their obligation under this contract will not be considered as default if such failure is the result of natural calamities, acts or God, Covid-19, extreme adverse disasters and circumstances beyond the control of the parties. The Company shall inform the Business of such inconveniences promptly.
In the event of disputes arising about the execution of this Agreement and/or performance of obligations stated herein, the Parties shall solve such issues through a binding mediation process.
- TERMINATION/CANCELLATION.
The Parties acknowledge that either Party can terminate/cancel this Agreement at any time provided that they issue a ____ Day Written Notice on the same. If the Business cancels/terminates this Agreement within 5 days after signing the Agreement, they shall receive a full refund of payment made. If the Agreement is terminated/cancelled after 5 days after signing the Agreement they shall only receive 50% of the payments made.
- MODIFICATIONS.
This Agreement contains the entire Agreement between the Parties relating to the subject matter hereof and supersedes any and all prior agreements or understandings, written or oral, between the parties related to the subject matter hereof. No modification of this Agreement shall be valid unless made in writing and signed by both parties hereto.
- GOVERNING LAW/JURISDICTION.
This Agreement shall be governed by and construed in accordance with the laws of the United Kingdom. Exclusive jurisdiction and venue shall be in the United Kingdom.
Each party represents and warrants to the other that such party has acted in good faith, and agrees to continue to so act, in the negotiation, execution, delivery, performance, and any termination of this Agreement.
IN WITNESS WHEREOF, this Agreement has been executed by the parties as of the Effective Date.
COMPANY: _____________ _________________________ ___________
(SIGNATURE) (NAME) (DATE)
BUSINESS: _____________ ________________________ ___________
(SIGNATURE) (NAME) (DATE)
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