SECURITY SERVICES AGREEMENT

SECURITY SERVICES AGREEMENT

This Contract is made between Acadia Realty Trust (hereinafter ‘Client’) and Security Force One LLC (hereinafter ‘Contractor’) effective as of November 1, 2022 (“Effective Date”). Individually referred to as ‘Party’ and collectively referred to as ‘Parties. The Parties intend to be legally bound as follows:

  1. Services

Acadia Realty Trust wishes to engage the Contractor to provide security services for its Merrillville Plaza located at 1600 E 80th Ave, Hobart IN. The security services will entail:

  • One unarmed mobile Patrol Guard at the location
  • One vehicle with a camera

The Contract shall provide security services and protection to the personnel and the premises of Acadia Realty Trust as follows:

  1. The guards shall be properly trained and licensed to carry out security services- the contractor shall be responsible for hiring and training the employees.
  2. The guards shall be uniformed and wear appropriate identification badges
  3. In the event of an emergency, the Contract shall have a four hour recovery
  4. The Contractor shall take all reasonable measures to ensure that the Contractor’s personnel conform to the highest standards of moral and ethical conduct. The Client, may, at any time, request in writing the withdrawal or replacement of any personnel of the Contractor assigned to perform work or services under this Contract. The Contractor shall, at its own cost and expenses, withdraw or replace such personnel forthwith.
  5. Term of Contract

This Contract shall be in force for a period of 12 months commencing on November 1, 2022. It shall remain in full force and effect until November 1, 2023, unless terminated earlier for by a thirty (30) days prior written notice to the other party. The contract will automatically renew if they the Client does not end the contract in writing at the end of the term.

  1. Payment for Contractor’s Services
    • For performance of services herein, the Client shall pay the Contractor: $ 23.25 per hour for the services provided and $ 65 per week for gas ($ 280 per month).
    • The payment shall be made before the on or before 10th of every month. Failure to make timely payments will result to 15% on late fees or whatever the law permits.

 

  1. Insurance and Liabilities to Third Parties
    • The Contractor shall provide and thereafter maintain all appropriate workmen’s compensation and other liability insurance to cover its employees.
    • The Contractor shall provide and thereafter maintain third party liability insurance in an adequate amount for personal injury or death, or loss of, or damage to, property arising from the acts or omissions of the Contractor, its agents or employees.
  2. Indemnification

The Contractor shall testify in any suit or claim about any subject pertaining to witnessing any acts of any matter that involves the court at a rate of 4 hours for $ 23.25.

  1. Service of Notices

Any notices or inquiries to the Contractor shall be served via the President or the company email.

  1. Contractual Relationship

The Contractor shall be considered as having the legal status of an independent contractor. The Contractor shall refrain from any action, which may adversely affect Acadia Realty Trust and shall fulfill its commitments with the fullest regard to the interests of the Client.

  1. Observance of the Law

The Parties to this Agreement shall be bound by the laws of the state of Indianapolis in the performance of their obligations under this contract and should any disputes arise.

  1. Dispute Resolution

Any disputes arising between the Parties with regards to the subject matter of this Agreement will be resolved first on good faith through mediation. If mediation fails, the Parties shall resolve the dispute through arbitration according to the American Arbitration Association (AAA) Rules.

  1. Modification and Variation

The Parties may modify the terms of this Agreement upon written notice. However, such modification is subject to acceptance by the non-modifying Party. If the non-modifying Party does not agree to the updated terms, that Party may terminate this Agreement. Upon termination, all Fees earned but not paid to Content Creator will be due.

To the extent any part or sub-part of the modified Agreement is held ineffective or invalid by any court of law, the Parties agree that the prior, effective version of this Agreement shall be considered enforceable and valid to the fullest extent.

 

IN WITNESS WHEREOF, the Parties execute this Agreement as follows:

Name: ______________________________

Signature: ______________________________

Date: ______________________

 

Name: ___________________________

Signature: _________________________

Date: _____________________________

 

 

 

 

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