PROPERTY LOSS COMPENSATION AGREEMENT.
THIS Property Loss Compensation Agreement (hereinafter referred to as the “Agreement”) is made and entered on this ____ day of _____ 2021 (the “effective date”), between Matt Mendosa and 2Fellas Moving Company, Contact Infor: ____________________ (hereinafter referred to as the “Mover”), and Shelley Puleio, Contact Infor: ____________ (herein referred to as the “Client”). Mover and Client are at times referred to in this Agreement individually as a “Party” and collectively as the “Parties”.
WHEREAS, Client engaged Mover to help her family move their personal property into a new home in or around September 2020;
WHEREAS, when Client’s personal property was delivered to her new home in or around March 2021, there was extensive damage that Client closely documented with pictures;
WHEREAS, Mover and Client have agreed that Mover shall make payment totaling $4,500 in nine (9) monthly installments to address the property damage;
NOW, THEREFORE, in consideration of the foregoing premises and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:
The initial term of this Agreement shall be for a period of Nine (9) Months commencing on the Effective Date herein.
- PAYMENT TERMS.
Mover shall pay Client $500 per month for nine (9) months, a total of $4,500, with payment postmarked on or before the first of each month irrespective of whether the first day of the month falls on a weekend. The first payment shall occur on or before July 1, 2021, and all payments should be sent to:
1930 West Andalusian Trl
Phoenix, AZ 85085
- BREACH BY MOVER.
If Mover fails to make timely payment each month or payment is not postmarked on or before the first of each month, the full remaining balance shall come immediately due within that month. For example, if Client does not receive a $500 check postmarked on or before August 1, 2021, Mover shall pay Client $4,000 in August ($500 was paid in July, then the remaining balance of $4000 becomes due from the late payment).
- RES JUDICATA.
The Client acknowledges and understands that the performance this Agreement shall be conclusive, and that they shall forfeit any and every right to institute any other claim for recovery from the Company based on the loss hereby compensated.
The Client understands that they shall under no circumstance during the term of this Agreement and upon termination thereof defame and/or slander, orally or in writing, the Company and/or the Company’s brand and/or name online and/or on any other print media regarding the agenda of this Agreement or about any other issues as may affect the Company.
- ENTIRE AGREEMENT.
This Agreement represents the entire agreement between Mover and Client with respect to the subject matter hereof. The terms and conditions of this Agreement supersede and are in lieu of any and all other prior agreements, understandings and representations between the Parties whether written or oral relating to the subject matter of this Agreement.
- GOVERNING LAW/JURISDICTION.
This Agreement shall be governed by and construed in accordance with the laws of the State of ______________, USA. Exclusive jurisdiction and venue shall be in the State of _________, 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)
CLIENT: _________________ _____________________________ _____________
(SIGNATURE) (NAME) (DATE)
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