SERVICE AGREEMENT
This SERVICE AGREEMENT (this Agreement’’) is entered into between CLASSTRACK of address [ADDRESS] (herein referred to as “Classtrack”) and [NAME] of address [ADDRESS] (herein referred to as “affiliate”) on [DATE].
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:
RESPONSIBILITIES OF THE AFFILIATE
The affiliate agrees to abide by the terms of this agreement.
The affiliate will get the Company new businesses.
The affiliate will be responsible for all the marketing cost and will not be paid commission if no business is generated for the Company.
RESPONSIBILITIES OF THE COMPANY
The Company authorizes the affiliate to provide the Company with new businesses.
The Company shall reimburse the affiliate for services provided
PAYMENT SCHEDULE
- The Company will compensate the affiliate according to the terms of this agreement
- The affiliate will get a commission on an annual basis for the time period of the Company’s contract with the clients the affiliate brings to the Company.
- Affiliate will be paid only after the Company receives funds from the clients.
- The commission will be;
10% – $100k
15%- $100k-$300k
20%- $300k-$500k
30% for businesses above $500k
3.5 Affiliate will get a 5% bonus for every new client from the sixth client onwards.
AMENDMENTS
This Agreement may be modified or amended under the condition that any such amendment is attached and authorized by the Parties.
SEVERABILITY
This Agreement shall remain in effect under the circumstance a section or provision is unenforceable or invalid. All remaining sections and provisions shall be deemed legally binding unless a court rules that any such provision or section is invalid or unenforceable, thus, limiting the effect of another provision or section. In such case, the affected provision or section shall be enforced as so limited.
TERMINATION
This agreement shall be effective on the date first written above and shall continue in force until terminated by either party giving to the other not less than thirty (30) days prior written notice of such termination.
Termination of this agreement shall not affect the responsibilities of either party on contracts issued prior to the effective date of termination. This agreement shall be automatically reviewed and considered for termination by the company.
NOTICES
All notices pertaining to this agreement must be in writing
GOVERNING LAWS
This Agreement shall be governed under the laws in the State of ____________-.
DISPUTES
In the event of any disputes between the parties, the parties shall use arbitration as a way of solving the disputes
ENTIRE AGREEMENT
This Agreement, along with any attachments or addendums, represents the entire agreement between the parties.
In Witness Whereof, this Agreement is duly executed by the duly authorized representatives of the parties as set forth below:
___________________________________ ___________________________
Affiliate Signature Date
___________________________________ ___________________________
Company Official Signature Date
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