This Service Agreement (hereinafter referred to as the “Agreement”) is made and entered on this ____ day of _____ 2021 (the “Effective Date”), between ______________, Contact Info: ____________ (hereinafter referred to as the “Company”), and _____________, Contact Info: ____________ (herein referred to as the “Contractor”).
NOW THEREOF, in consideration of the mutual covenants and promises made by the Parties hereto, the Parties covenant and agree as follows:
The initial term of this Agreement shall be for a period of ________ [Months] basis commencing on the Effective Date herein, and/or shall remain effective for as long as the payment processing account is active.
The Company shall be hiring the services of the Contractor to handle the Company’s payment processing system. The Contractor shall be required to work _____ a month.
The Contractor shall receive 1% of all the money processed by them each month, payment shall be made on the ____ day of each month.
The Contractor shall be retained as an independent contractor. The Contractor shall be fully responsible for payment of their own income taxes on all compensation earned under this Agreement. The Company shall not withhold or pay any income tax, social security tax, or any other payroll taxes on the Contractor’s behalf during the term of this Agreement.
- INTELLECTUAL PROPRIETARY RIGHTS.
The Company shall during this Agreement and upon cancellation/termination thereof own all the intellectual proprietary rights to all and any management and operations of the ecommerce platform. The Contractor shall not at any time during the term of this Agreement and/or the termination/cancellation thereof lay any real or imaginary claim on any part of the Company.
The Contractor shall not be held liable for any copyright/intellectual proprietary infringement claims or any other legal claims that may be brought against the Company. The Company agrees to and shall defend and indemnify the Contractor against all legal claims against the Company.
- The Contractor shall not assign its rights or obligations under this Agreement without prior Notice or consent of the Company.
- The waiver by either party of any breach or failure to enforce any of the terms and conditions of this Agreement at any time shall not in any way affect, limit, or waive such party’s right thereafter to enforce and compel strict compliance with every term and condition of this Agreement.
- FORCE MAJEURE:
The failure on the part of the Contractor to perform their obligation under this Agreement will not be considered as default if such failure is the result of natural calamities, acts or God, Covid-19, extreme adverse disasters and circumstances beyond the control of the parties. The Contractor shall be required to inform the Company of such delays and inconveniences promptly.
The Parties acknowledge that either Party can terminate/cancel this Agreement at any time provided that they issue a ____ Day Written Notice on the same. The Company shall ensure to pay the Contractor for all work done before the termination/cancellation is made effective.
This Agreement contains the entire Agreement between the Parties relating to the subject matter hereof and supersedes any and all prior agreements or understandings, written or oral, between the parties related to the subject matter hereof. No modification of this Agreement shall be valid unless made in writing and signed by both parties hereto.
- GOVERNING LAW/JURISDICTION.
- This Agreement shall be governed by and construed in accordance with the laws of the State of Wyoming, USA. Exclusive jurisdiction and venue shall be in Wyoming, 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)
CONTRACTOR: _____________ ________________________ ___________
(SIGNATURE) (NAME) (DATE)
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