SERVICE AGREEMENT
BETWEEN
DREAMRS (COMPANY)
AND
__________________ (CLIENT)
THIS AGREEMENT is made on the ………….. day of………….20……., (hereinafter, “Effective
Date”) entered into by the Company of ________________________________________address, and, the
Client of ________________________________________________address. Company and Client
collectively referred to as the “Parties” or individually as the “Party”) and includes that Party’s successors
and assigns.
RECITAL:
A. The Company helps the Clients create business through use of the Company’s blockchain on the
Dreamrs Network & Dreamrs Platform.
B. Prior to registration and formation of the Client’s legal entity, the Clients constitute sole-
proprietors or general partnership organized, and working under the Company’s Virtual
Subsidiary ie Dreamrs Technology, Inc., a Delaware company. This is intended to among others,
aid the Client to start and bootstrap their business, and incorporate with local authorities when
necessary.
C. Dreamrs Network is used as a decentralized uncorruptible ledger to track early investment and
contribution, and to guarantee fair and equal treatment of all early contributors of any business.
In consideration of covenants and agreements contained in this agreement, and other good and valuable
consideration, the receipt of which is hereby acknowledged, Parties agree to the following terms and
conditions and to be bound thereby:
- COMMENCEMENT AND DURATION
This agreement shall be valid from the Effective Date until termination. - CLIENT’S OBLIGATIONS
The Client agrees to comply with all applicable rules, regulations and laws and not to do anything that
infringes or threatens the Company’s or any third-party rights herein. Any obligation of the Client shall be
performed diligently and per acceptable industry standards. The Client shall bear full responsibility of any
and all applicable compliance. - CONTRACT SUM
For the services rendered, the Client shall pay the Company $_________________on or about
_______________date. - INDEMNIFICATION
The Client agrees to indemnify, hold harmless and defend the Company and its directors, officers,
employees, and agents from and against any incidental, consequential, indirect or special damages, or for
any loss of profits or business interruptions caused or alleged to have been caused by the performance or
nonperformance of the services. - TERMINATION
Fulfillment of the parties’ obligations herein shall constitute termination of this agreement.
Either Party may terminate this Agreement, upon giving the other Party no less than 7 days’
notice in writing. If a Party wishes to terminate the contract with less than this stated period, the
other Party reserves the right to charge costs that they have already paid in advance or incurred.
This Agreement may be terminated at any time by mutual written agreement of the Parties.
The termination of this agreement shall not discharge the liabilities accumulated by either Party.
Any Clauses intended by the Parties or this agreement to survive the termination of this
agreement shall survive the termination of this agreement by whatever cause.
- CONFIDENTIALITY
All non-public, confidential, or proprietary information of a Party (Disclosing Party), whether disclosed
orally or disclosed or accessed in written, electronic or other form or media, and whether or not marked,
designated or otherwise identified as “confidential” in connection with this Contract is confidential, solely
for the use of performing this Contract and may not be disclosed or copied unless authorized in advance
by the Disclosing Party in writing. Upon the Disclosing Party’s request, the other Party (Recipient Party)
shall promptly return all documents and other confidential materials received from Disclosing Party.
Disclosing Party shall be entitled to injunctive relief for any violation of this Section. This Section does
not apply to information that is: (a) in the public domain; (b) known to Recipient Party at the time of
disclosure, or (c) rightfully obtained by Recipient Party on a non-confidential basis from a third party. - ASSIGNMENT AND DELEGATION
Client shall not transfer or assign this agreement without Company’s consent. However, Company may
transfer or assign this agreement or subcontract its obligations hereunder at any time without Client’s
consent. - DISPUTE RESOLUTION
Parties agree to settle disputes under this Agreement through (select one)
☐Negotiation ☐Mediation ☐Arbitration ☐Litigation. - FORCE MAJEURE
For this Agreement, “Force Majeure” means an event which a diligent party could not have reasonably
avoided in the circumstances, which is beyond the control of a party and includes, but is not limited to,
war, riots, civil disorder, earthquake, storm, flood or adverse weather conditions, strikes, lockouts or other
industrial action, terrorist acts, confiscation or any other action by government agencies. A Party’s failure
to fulfill its obligations due to Force Majeure shall not be considered a breach of this Agreement,
provided that the Party has taken all reasonable precautions, due care, reasonable alternative measures,
and minimal delay all to carry out the terms of this Agreement. - DRAFTING RESPONSIBILITY
Neither party shall be held to a higher standard than the other party in the interpretation or enforcement of
this Contract as a whole or any portion hereof based on drafting responsibility. - CHANGES TO THE AGREEMENT
Either Party may request changes to the agreement, but they will only be effective if agreed in writing,
and signed by all Parties. If any ambiguity is found in the agreement or various documents forming this
agreement, the Parties shall issue any necessary clarification or instruction. - NO WAIVER
A waiver by one Party of any right or benefit provided in this Agreement does not infer or permit a
further waiver of that right or benefit, nor does it infer or permit a waiver of any other right or benefit
provided in this Agreement. - SEVERABILITY
The provisions of this agreement are severable. If any provision is held to be invalid or unenforceable, it
shall not affect the validity or enforceability of any other provision. - COUNTERPARTS
This agreement may be executed in any number of counterparts, each of which shall be deemed to be an
original and all of which taken together shall constitute one instrument.
- ENTIRE AGREEMENT
This agreement constitutes the entire agreement between the parties. It supersedes all prior oral or written
agreements or understandings between the Parties concerning the subject matter of this agreement. All
documents annexed to this agreement shall be subject to the terms under this agreement, provided that the
Parties append their signatures on the documents. The Parties will exercise utmost good faith in this
agreement. - HEADINGS
The article and section headings in this agreement are for convenience; they form in no part of this
agreement and shall not affect its interpretation. - PRONOUNS
All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, neuter,
singular, or plural, as the identity of the person or entity may require. As used in this agreement: words of
the masculine gender shall mean and include corresponding neuter words or words of the feminine
gender, and words in the singular shall mean and include the plural and vice versa. - NOTICES
Any notice required to be given between the Parties pursuant to the provisions of this Agreement shall be
in writing and shall be deemed duly given:
(i) if delivered by hand and receipted for by the party addressee, on the date of such receipt,
(ii) (ii) if mailed by domestic certified or registered mail with postage prepaid, on the third
business day after the date postmarked, or
(iii) sent by email.
at the above-mentioned addresses or such changed address as the Party shall have specified by written
notice, provided that any notice of change of address shall be effective only upon actual receipt. Any
notice delivered by email shall request a receipt thereof confirmed by email or in writing by the recipient,
and the effective date of such notice shall be the date of receipt, provided such receipt has been confirmed
by the recipient. - GOVERNING LAW
This Agreement shall be governed in all respects by the laws of the Company’s jurisdiction, and its
Courts without regard to its conflict of law provisions.
IN WITNESS WHEREOF, each of the Parties has executed this agreement, as of the day and year set
forth below.
Signed by the duly authorized representative of
the COMPANY
Signature: ………………………………………
Name: …………………………………………
Designation: ……………………………………
Date: …………………………………………….
Signed by the CLIENT
Signature: ……………………………………
Name: …………………………………………
Date: …………………………………………….
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