PARTNERSHIP AGREEMENT
This Partnership Agreement (hereinafter referred to as the “Agreement”) is made on
__________________20___ Between ______________________ (referred to as
the “Company”), and _______________ (referred to as the “Partner”). Together
referred to as the “Parties”.
WHEREAS the parties have agreed to be legally bound by the following terms and
conditions; –
1. Term.
The partnership shall begin on the date signed by the parties below (hereinafter
referred to as the “Effective Date”) and continue indefinitely until otherwise
terminated in accordance with the terms herein.
2. Revenue.
The parties herein agree that the partner shall receive 30% of the gross amount per
unit across the board.
The payments herein shall be made every week to the partner’s provided account
details.
3. Equity.
Parties agree that the Partner shall have 5% of the PCG stock for $1,000,000 in
sales for the calendar year from the date to be agreed and 10% of the stock for
$2,000,000 based on the same calendar sales parameters.
4. Responsibility.
The partner shall be in charge of all aspects of marketing.
The partner shall have shared authority with the company. However, the company
will rely on the partner’s directions in all decisions related to marketing.
5. Termination.
The partnership may be dissolved at any time in the event any party fails to deliver
their task within 14 days.
6. Intellectual Property.
The parties herein agree that there exists a patent on the Company’s product and
the partner, therefore, has no right to ownership of the product.
7. Dispute Resolution.
Any controversy or claim arising out of or relating to this Agreement, or the breach
thereof, shall be mutually negotiated between the parties. However, if it fails, the
dispute shall be settled by arbitration in accordance with the rules, and judgment
upon the award rendered may be entered in any court having jurisdiction thereof.
8. Governing Law.
This Agreement shall be construed, governed, interpreted, and applied according to
the Laws of the state of Florida.
Parties further agree that any significant legal decisions shall be subjected to a vote
amongst the partners.
9. Waiver.
The waiver by either party of the breach of any covenant or provision in this
Agreement shall not operate or be construed as a waiver of any subsequent breach
by either party.
10. Severability.
In the event a court of competent jurisdiction declares any term or provision of this
Agreement to be invalid or unenforceable for any reason, this Agreement will remain
in full force and effect and either:
a. The invalid or unenforceable provision(s) will be modified to the minimum
extent necessary to make such provision(s) valid and enforceable; or
b. If such a modification is not possible, this Agreement will be interpreted as if
such invalid or unenforceable provision(s) were not a part of this Agreement.
11. Amendment of Agreement.
This agreement cannot be amended without the written consent of all partners.
IN WITNESS WHEREOF, the partners hereunto set their signatures and
acknowledged this Agreement as the date first above written.
Signed by the Company; –
Signature:
__________________________
Date:
______________________________
Email Address:
_____________________
Signed by the Partner; –
Signature:
__________________________
Date:
_______________________________
Email Address:
_____________________
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