TRANSFER AGREEMENT
THE PARTIES: This Agreement (“Agreement”) made on ______________________, 20____,
is between MISTY CRENSHAW with a mailing address of ______________________, City of
______________________, State of ________ (“The Transferee”) and HANNAH WILEY with
a mailing address of ______________________, City of ______________________, State of
______________________ (“Transferor”) both of whom agree as follows:
WHEREAS, the Transferor desires to transfer to the Transferee, and the Transferee desires to
acquire, on the terms and conditions set forth herein,
NOW, THEREFORE, in consideration of the mutual promises contained herein and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
Parties hereto agree as follows:
TERMS
1. TERMS OF AGREEMENT
The term of this agreement (the “Term”) will begin on the date on this agreement and
will remain on full force and effect for 2.5 years, subject to earlier termination as
provided in this Agreement.
2. AUTHORITY TO ENTER 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.
3. PAYMENT TERMS
The parties agree the title will be transferred to the transferor 48 hours after the payment
of $4500 is made. The Transferor will make payments of $400amonth until a total of
$15000 is paid including the down payment of $4500.The payments must be made the
10 th of each month. If the payment is overdue with 90days the transferee has the right to
the house. Once the $15000 has been fully paid the transferor will no longer make
monthly payment.
4. DISPUTE RESOLUTION
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If the Parties are unable to resolve a Dispute through informal negotiations, the Dispute
will be finally and exclusively resolved by binding arbitration. The arbitration shall be
commenced and conducted under the Commercial Arbitration Rules of the American
Arbitration Association ("AAA"). The arbitration may be conducted in person, through
the submission of documents, by phone, or online. The arbitrator will make a decision in
writing, but need not provide a statement of reasons unless requested by either Party. The
arbitrator must follow applicable law, and any award may be challenged if the arbitrator
fails to do so. If for any reason, a Dispute proceeds in court rather than arbitration, the
Dispute shall be commenced or prosecuted in the state and federal courts located in
[name of county] County, [name of state], and the Parties hereby consent to, and waive
all defenses of lack of personal jurisdiction, and forum non convenient with respect to
venue and jurisdiction in such state and federal courts. Application of the United Nations
Convention on Contracts for the International Sale of Goods and the Uniform Computer
Information Transaction Act (UCITA) are excluded from these Terms of Use.
5. 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.
6. TERMINATION
During the course of this agreement, the parties may terminate this Agreements if there is
illegal activity, if payments are not made within 90 days and she can take legal ownership
after or any other breach.
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7. CONFIDENTIALITY
The Parties shall consult with each other regarding any public announcement or statement
with respect to this Agreement or the transactions contemplated hereby and no Party shall
issue any public announcement or other statement with respect to the existence of this
Agreement or the transactions contemplated hereby without the prior consent of the other
Party, which shall not be unreasonably withheld, unless required by applicable law or
regulation or order of a court of competent jurisdiction. After the closing, the Transferor
(a) shall maintain the confidentiality of all proprietary information relating to the
Company and the Project, (b) shall not, directly or indirectly, disclose or permit the
disclosure of any such information (except as may be required by applicable law, rule or
regulation), and (c) shall not make any use of or permit the use of such information for
the benefit of the Transferor or others. Effective as of the Time of Purchase, the
Transferor shall, to the extent not prohibited by law or agreement, assign to the
Transferee all of the Transferor’s rights under any confidentiality or nondisclosure
agreement affecting the Company or the Project
8. 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.
9. ASSIGNMENT
The provisions of this Agreement shall be binding upon and accrue to the benefit of the
Parties hereto and their respective heirs, legal representatives, successors and permitted
assigns. Neither Party may assign any or all of its rights, privileges and obligations
hereunder without the prior written consent of the other Party.
10. 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
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to, acts of State or governmental authorities, acts of terrorism, natural catastrophe, fire,
storm, flood, earthquakes, accident, and prolonged shortage of energy.
11. GOVERNING LAW
This Agreement shall be governed by and interpreted in accordance with the laws of the
State of Texas, without regard to its conflict of law provisions. Each Party irrevocably
and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of
the courts of the State of Texas, and any appellate court from any thereof, in any action or
proceeding arising out of or relating to this Agreement or for recognition or enforcement
of any judgment, and each of the Parties irrevocably and unconditionally agrees that all
claims in respect of any such action or proceeding may be heard and determined in such
court. Each of the Parties agrees that a final judgment in any such action or proceeding
shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or
in any other manner provided by law. Nothing in this Agreement shall affect any right
that any Party may otherwise have to bring any action or proceeding relating to this
Agreement in the courts of any jurisdiction.
12. AMENDMENT AND MODIFICATION
No supplement, modification or amendment of this Agreement shall be binding unless
executed in writing and signed by both parties
13. 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.
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Transferor’s Signature __________________________ Date ________________
Name ________________________
Transferee Signature __________________________ Date ________________
Name ____________________________
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