BUSINESS PARTNERSHIP AGREEMENT.

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 ____________ (hereinafter referred to as the “Company”), and ___________, (herein referred to as the “Investor”).

WHEREAS, the Investor is an independent body dealing in business consultancy and outreach consultancy for business, companies and corporations.

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.
      1. The Investor shall introduce that initial four clients to the Company, the Company shall be responsible for the execution of the business and act in utmost good faith to ensure that business makes profits. 
      2. The Investor shall not be involved in the everyday dealing and/or the operations of the Company, only working to introduce more future clients to the Company.
      3. The Investor shall have 10% partnership in the Company. The first four contracts secured for the Company, the Investor shall get 20% generated from the contract and 10% revenue from all future contracts secured by the Company.
      4. The Investor shall a right to access and peruse the Company’s business documents and books whenever needed. 
  • PAYMENT. 

Payments shall be made to the Investor within 10 business days upon receipt of payment from the client.

  • TERMINATION/CANCELLATION.
      1. Parties agree that either Party can cancel/terminate the Agreement at any given time, provided that the intending Party provides the other Party a 30 Day Written Notice on the cancel/termination. Upon the termination/cancellation of this Agreement, the Investor shall retain all their share of the existing clients (clients introduced by the Investor), shall keep their share of revenue from any renewed contracts of existing clients and from any new clients introduced, directly or indirectly, by existing clients before the termination/cancellation. 
      2. The Investor’s 10% partnership stake in the Company shall remain protected upon termination/cancellation of this Agreement.
  • CONFIDENTIALITY/NON-COMPETE.
    1. The Parties agree to 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 of each Parties herein. The Parties agree that they shall do everything necessary in their personal capacity and as a team to always maintain the confidentiality of the business. Each Partners shall not use the said information without prior written consent of the other partner except;
  • The information is required by law.
  • The information is already in the public domain.
  1. Neither Party shall, during the term of this Agreement and/or the termination/cancellation thereof, start a business similar to the business covered under this Agreement. 
  • WAIVER AND ASSIGNMENT.
      1. The waiver by either Partner 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.  
      2. No Party shall assign its rights or obligations under this Agreement without prior Notice or consent by the other Party
  • GENERAL PROVISION, DISPUTE RESOLUTION, GOVERNING LAW AND JURISDICTION. 
    1. This Agreement contains the entire Agreement between the Partners 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 Partners hereto. 
    2. In the event of any disputes arising from the performance of this Agreement, parties shall resolve such matters through emails and letter/notice. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, USA. Exclusive jurisdiction and venue shall be in New York, USA.
    3. This Agreement shall be binding upon and inure to the benefit of the Investor and the Company and their respective successors and assigns, provided that the Company may not assign any of their obligations under this Agreement without the Investor’s prior written consent.  
    4. 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:

INVESTOR.                                                                         COMPANY.

NAME:  ___________________________             __________________________________

ADDRESS:   ________________________            __________________________________

PHONE NUMBER:  __________________            __________________________________

EMAIL:   ____________________________          __________________________________

SIGNATURE:   ______________________             _________________________________

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