BUSINESS PARTNERSHIP AGREEMENT.
This Business Partnership Agreement (hereinafter referred to as the “Agreement”) is made and entered on this ____ day of _____ 2021 (the “Effective Date”), between Sean Michael, Founder Einstein AI, LLC, Contact Info: ___________________________ (hereinafter referred to as the “Company”), and Ben Sender, Contact Info: ______________________ (herein referred to as the “Partner”).
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 _____ [Weeks/Months/Years], commencing on the Effective Date herein.
- SCOPE.
The Partner shall be taking on the role of Director of Business Development in the Company. The Partner’s roles shall include managing the broker network. Other specific obligations shall include:
- ____________________________________________________________.
- ____________________________________________________________.
- ____________________________________________________________.
- ____________________________________________________________.
- PAYMENT/CONSIDERATION.
The Company shall pay the Partner 10% of all Company profits, payments made _____________.
- CONFIDENTIALITY/NON-COMPETE.
- The Partner acknowledges and understands that they shall keep the business/partnership concept confidential and/or that disclosure of any details of the business concept or any other details about the management of the Company or the Company’s business and/or this Agreement will ONLY happen when and how needed, upon written consent from the Company. The Partner agrees that they shall do everything necessary in their personal capacity and working as a team with the Company to always maintain the confidentiality of the business. The Partner shall not use the said information without prior written consent of the Company except;
- The information is required by law.
- The information is already in the public domain.
- The Partner shall not, during the term of this Agreement, start a similar business as one operated by the Company and/or offer similar services as they are offering the Company to any other entity without prior communication with the Company and/or without the Company’s written notice.
- COPYRIGHT/INTELLECTUAL PROPRIETARY RIGHTS.
The Partner understands and acknowledges that all and any copyrights and intellectual property associated with the Company such as the Company’s goods, brand logos, Company names, client information e.t.c shall be the Company’s property. The Partner understands that their association with the Company during the term of this Agreement shall not in any way confer upon it any right to the copyrights and intellectual proprietary rights covered under this Agreement. The Partner shall not use or commercialize and/or pass off any of the copyrights and intellectual proprietary rights herein protected with a written consent from the Company.
- ASSIGNMENT/WAIVER.
- This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and assigns, provided that none of the Parties may assign any of their obligations under this Agreement without prior written consent of the Parties.
- The waiver by either Party of any breach or failure to enforce any of the terms 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.
- DISPUTE RESOLUTION.
In the event of disputes arising about the execution of this Agreement and/or performance of obligations stated herein, the Partners shall solve such issues through a mediation process in accordance with the ADR rules and regulations of the State of Wyoming, USA.
- TERMINATION/CANCELLATION.
The Parties acknowledge that any Party can terminate/cancel this Agreement at any time provided that they issue a ___ day Written Notice on the same. The Company may at any time and without prior notice terminate/cancel this Agreement if the Partner is absent for more than ____ Days without notices and/or if the Partner violates the Confidentiality/Non-Compete Clause.
- MODIFICATION.
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 State of Wyoming, USA. Exclusive jurisdiction and venue shall be in Wyoming, USA.
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)
PARTNER: _______________ _____________________________________ ___________
(SIGNATURE) (NAME) (DATE)
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