This COMMISSION AGREEMENT (‘’this Agreement’’) is entered on [DATE] by and among LEON MENSAH (herein “Leon”), ARTHUR SUMMERVILLE (herein “Arthur”) and GEMINI CAPITAL PARTNERS (herein “The Company”).
Whereas, Arthur and Leon will be jointly referred to as “Sales Agents”;
Whereas, the Sales Agents and the Company will be jointly referred to as “Parties”
Whereas, the Sales Agents and the Company agree to fulfill their mandates according to the terms of this agreement
NOW, THEREFORE, in consideration of the premises, and of the mutual promises and undertakings herein contained, the parties, intending to be legally bound, do agree as follows:
The Sales Agents, Leon and Arthur are mandated to bring more capital investment to the Company.
As compensation for the services the Sales Agents offer the Company, the Company shall give a 1.5% cash commission and 1.5 % in share of Fund.
- ADDITIONAL TERMS
- The Company will allow the Sales Agents to use the Company Name while Marketing in reference to the funds.
- If approved by the board of the fund, the first rights to the funds raised by the Sales Agents shall be used for Alex Cummings Projects and Agriculture project.
- The Company will also set up for Alex Cummings to be on the board for DC Moore Group and other projects the Sales Agents are working on.
This Agreement shall be operative from the date of execution of this Agreement and shall run until the completion of the Services or until the Agreement is terminated according to this Agreement.
Neither Party will use, copy, adapt, alter or part with possession of any information of the other which is disclosed or otherwise comes into its possession under or in relation to this Agreement and which is of a confidential nature. This obligation will not apply to information which the recipient can prove was in its possession at the date it was received or obtained or which the recipient obtains from some other person with good legal title to it or which is in or comes into the public domain otherwise than through the default or negligence of the recipient or which is independently developed by or for the recipient.
- INTELLECTUAL PROPERTY
The Parties acknowledge and agree that the Company will hold all intellectual property rights in any work product resulting from the Services including, but not limited to, copyright and trademark rights. The Sales Agents agrees not to claim any such ownership in such work product’s intellectual property at any time prior to or after the completion and delivery of such work product to the Company.
Either Party to this Agreement may terminate this Agreement upon a written notice of termination to the other Party. Unless otherwise mutually agreed to in writing, upon the termination of this Agreement, any arrangement for Services then in effect will immediately terminate.
This contract represents the entire agreement between the two parties and supersedes any previous written or oral agreement. This agreement may be modified at any time, provided there is written consent of both parties to this contract.
The parties agree that if any portion of this contract is found to be void or unenforceable, it shall be struck from the record and the remaining provisions will retain their full force and effect.
This contract shall be governed, interpreted, and construed in accordance with the laws of [STATE, PROVINCE OR TERRITORY].
In Witness Whereof, this Agreement is duly executed by the duly authorized representatives of the parties as set forth below:
GEMINI PARTNERS LLC
Name of Company Rep: _________________________________
A-406 Newport St. 4th Floor,
Mamba Point Monrovia, Liberia
Name: Arthur Summerville
Name: Leon Mensah
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