This Referral partner terms & conditions (hereinafter the “Agreement”) is made between Icon Studios NY Corp. 7 Wilsher Drive Monsey NY 10952 (hereinafter referred to as “Seller”) and You the applicant filling out this form (hereinafter referred to as “Referrer”).
WHEREAS, Seller desires to sell certain services;
WHEREAS, Referrer has contacts within the IT, Design, Development and Consulting industries and desires to act as an intermediary finder of buyers for Seller’s services;
NOW, THEREFORE, in consideration of the premise and the mutual promises and covenants contained herein, the parties agree as follows:
I. LEGAL COMPLIANCE.
Referrer certifies that no certification or licensure is required.
II. TERM AND TERMINATION.
The term of this Agreement shall commence on the date of filling out the application form and shall continue in full force and effect until terminated by either party upon at least 30 days prior written notice.
For the term of this Agreement, Referrer shall have the non-exclusive right to introduce prospective buyers to the Seller who are not already known to the Seller.
IV. FEES AND PAYMENT.
The following must take place in order for the Referrer to be paid. If these conditions are not met, Referrer will receive no payment.
1) On an accrual basis.
The Referrer’s fee shall be $1000 for a sale of more than $10,000 as a direct result of an introduction at a current Icon Studios NY Corp. customer for a previously unknown opportunity.
The maximum Referrer’s fee shall be $1000 for each new client they refer to Icon Studios NY Corp.
Referrer’s fees shall not be combined with any other fee, and total Referrer’s fees shall not exceed 10% of net sales. Referrer’s fees shall be due net thirty (30) days from the date that a profit is accrued. Referrer will be responsible for reporting all fees paid to the IRS and other tax authorities as required, and Icon Studios NY Corp. shall report all fees paid as required by law.
V. FINAL AGREEMENT.
This Agreement represents the entire agreement with respect to the subject matter hereof and terminates and supersedes all prior understandings or agreements with respect to such matters.
VI. LEGAL CONSTRUCTION.
In the event any one or more of the provisions contained in this Agreement shall for any reason be held invalid, illegal, or unenforceable in any respect, that invalidity, illegality, or unenforceability shall not affect any other provisions. This Agreement shall be construed as if the invalid, illegal, or unenforceable provision had never been contained in it.
VII. GOVERNING LAW.
This Agreement shall be governed by the laws of New York, without giving effect to principles of conflicts of law.