SERVICE AGREEMENT
THE PARTIES: This Agreement (“Agreement”) made on ______________________, 20____,
is between CNJ EVENTS LTD with a mailing address of ______________________, City of
______________________, State Of_________ (“The Company 1”) and TVG HOSPITALITY
with a mailing address of ______________________, City of ______________________, State
of ________(“The Company 2”) both of whom agree as follows:
IN CONSIDERATION OF the matters described above and of the mutual benefits and
obligations set forth in this Agreement, the receipt and sufficiency of which consideration is
hereby acknowledged, the Company 1 and the Company 2 (individually the “Party” and
collectively “The Parties” to this agreement) agree as follow:
TERMS
1. FORMATION
TVG hospitality own and run commercial venues and bars around London for
commercial purposes.CNJ events limited generate the company leads and brands with the
aim of signing sponsorship and marketing deals.
2. DURATION
The term of this agreement (the “Term”) will begin on the date on this agreement and
will remain on full force and effect until the completion of the services, subject to earlier
termination as provided in this Agreement. The Term may be extended with the written
consent of the parties.
3. RIGHTS, DUTIES AND RESPONSIBILITY OF THE PARTIES.
CNJ Events LTD are entitled to quote and pitch for all production and print for live
projects brought and agreed with TVG Hospitality. Once the sponsorship deal is signed
an agreement will be made by the parties to determine if the sponsor is fully handed over
to TVG to manage or if CNJ Events LTD will still be involved to a degree to manage the
client. This will be on case-to-case basis. It is agreed that CNJ Events Ltd will be
included on all communications once the brand and TVG are introduced however not
manage the deal directly anymore if agreed.
4. AUTHORITY TO ENTER THE AGREEMENT
Each Party warrants that the individuals who signed this Agreement have the actual legal
power, right and authority to make this agreement and bind each respective Party.
5. COMPENSATION
Compensation will be done in form of commissions and in the instance, this changes it
needs to be in writing and approved by all parties.
I. 20% commission on all Tier 1 & Festival headline sponsor agreements
II. 15% on commission on Tier 2 & 3.
III. In the instance of a multi-year deal signed the above commission is included
every year on an agreed date. The production budget sits separately to
commission.
IV. If CNJ Events LTD introduces a brand or partner to TVG and a future
sponsorship deal is agreed CNJ Events LTD is entitled to 7% commission on all
future deals.
V. If there is a clear traceable link to CNJ events in the introduction of the deal, the
7% must be incorporated in the deal. and paid for the duration of that deal .
6. INTELLECTUAL PROPERTY
The companies own their brand logos all their trademarks and properties. CNJ Events
LTD owns all the leads they provide.
7. DISPUTE RESOLUTION
If the Parties are unable to resolve a Dispute through informal negotiations, the Dispute
will be resolved by litigation the results will dictate the next step.
8. CONFIDENTIALITY
Except as otherwise expressly permitted in this Agreement, the parties shall not disclose
or use in any manner, directly or indirectly, any Confidential Information either during
the term of this Agreement or at any time thereafter, except as required to perform their
respective duties and responsibilities or with the other party’s prior written consent. Both
parties agree that all Confidential Information disclosed and received shall remain secret
and confidential during the term of this Agreement and continue thereafter for 10 years
after this Agreement is terminated or expires. Except as may otherwise be required by
law or legal process, neither party hereto shall disclose to any third party the terms and
conditions of this AGREEMENT or any information respecting sales or revenue of the
vending machine, during the TERM or thereafter. This obligation shall survive
termination of this AGREEMENT.
9. LIABILITY
Except as set forth otherwise in this agreement, in no event shall either party be liable to
the other for any incidental, consequential, special or punitive damages of any kind or
nature arising out of this agreement or the sale of product, whether such liability is
asserted on the basis of contract, tort (including the possibility of negligence or strict
liability), or otherwise, even if the party has been warned of the possibility of any such
loss or damage, and even if any of the limited remedies in this agreement fail of their
essential purpose.
10. NON-DISCLOSURE
Each party shall maintain the Confidential Information of the other party in confidence
by using the same degree of care (but no less than a reasonable degree of care) that such
party maintains and protects its own Confidential Information, and shall not disclose,
divulge, or otherwise communicate such Confidential Information to others, or use it for
any purpose, except pursuant to, and in order to carry out, the terms and objectives of this
Agreement or with the express written consent of the party who provided such
Confidential Information. Each party also hereby agrees to take reasonable steps to
11. NOTICES
All notices under this Agreement shall be in writing and sent to the address of the
recipient specified herein. Any such notice may be delivered by hand, by overnight
courier, certified mail with return receipt, or first class pre-paid letter, and will be deemed
to have been received (1) if delivered by hand – at the time of delivery; (2) if delivered by
overnight courier – 24 hours after the date of delivery to courier with evidence from the
courier; (3) if delivered by certified mail with return receipt – the date as verified on the
return receipt; (4) if delivered by first class mail – three (3) business days after the date of
mailing.
12. TERMINATION
During the course of this agreement, the parties may terminate this Agreements if there is
illegal activity, destruction of property, when the parties no longer do business together,
when the commissions agreed upon are not paid, leads are stolen and communicated to
directly or any other breach.
13. SEVERABILITY
If any term, covenant, condition, or provision of this Agreement is held by a court of
competent jurisdiction to be invalid, void, or unenforceable, the remainder of the
provisions shall remain in full force and effect and shall in no way be affected, impaired,
or invalidated.
14. FORCE MAJEURE
Neither party shall be liable for any failure to perform under this Agreement when such
failure is due to causes beyond that party’s reasonable control, including, but not limited
to, acts of State or governmental authorities, acts of terrorism, natural catastrophe, fire,
storm, flood, earthquakes, accident, and prolonged shortage of energy.
15. GOVERNING LAW
This Agreement shall be governed under the laws in the United Kingdom.
16. AMENDMENT AND MODIFICATION
No supplement, modification or amendment of this Agreement shall be binding unless
executed in writing and signed by both parties
17. WAIVER
No waiver of any default shall constitute a waiver of any default or breach, whether of
the same or other covenant or condition. No of any service voluntarily given or
performed by a Party shall give the other Party any contractual right by contractual right
or otherwise.
IN WITNESS WHEREOF, this Agreement was signed by the parties under the hands of their
duly authorized officers and made effective as of the undersigned date.
Manager’s 1 Signature __________________________ Date ________________
Name ____________________________
COMPANY NAME
Manager’s 2 Signature __________________________ Date ________________
Name ____________________________
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