LPP TRUST LTD
64 Newman Street
I. CONTRACT BETWEEN
LPP TRUST LTD
with head office located in
64 Newman Street, London
represented By Administrative Director Jerome Gilbert in quality of beneficiary(Hereafter referred to as “Beneficiary”)
AND [ FULL NAME ]
An individual with his main address located at
In quality of representative (hereafter referred to as “Representative”) have agreed to sign this representative contract.
1.1 Now, therefore, in consideration of the execution of the contract, and the commitment of the Parties as here in after set forth and intending to be legally bound, it is agreed as follow:
II. CONTRACT PURPOSE
2.1 The purpose of this contract is to conduct financial transactions for, and on behalf of the Beneficiary in accordance with instructions given by the Beneficiary
a) The Representative will present itself at the location indicated by the Beneficiary, namely a bank where the Representative has an existing bank account and use this account to cash the checks;
b) Cashing the funds on the checks for the Beneficiary
c) Sending the funds to the Beneficiary upon receiving instructions.
III. DURATION OF CONTRACT
3.1 This contract is made for a period of 1 (one) year, starting from 29.09.2010 to. 29.09.2011
3.2 The duration of the contract stated in paragraph 3.1. From the present contract can be extended if both parties wish it and it will be stipulated in an additional annex.
3.3 The Representative can end the contract and for that purpose the Representative will give a two-week notice to the Beneficiary. During these two weeks the Representative will still have to finish its duties until there are no more checks to clear or funds to send to the Beneficiary. The Beneficiary will stop sending checks to the Representative when the termination of contract notification is received.
IV. FINANCIAL STIPULATIONS
4.1 You will receive 10% for every check processed in the first month. Within one month after receiving the first check you will get an extra $1,000 if you will manage to cash checks in a timely manner, also this bonus includes Internet bill, phone bill, gas/bus tickets. We will support all bills you have to pay for your Internet and cell phone. PLEASE NOTE: This bonus will apply after one month starting the day you will receive the first check.
4.2 After two months of working with us, a secondary bonus will apply. You will get 15% from all our sales. If everything works as we will expect and it will, you will be able to do up to $1200 - $1300 per week + the bonus of $1,000 every month.
Bonuses regarding, cashing checks are as follow:
a) Cash the check same day and you will receive a bonus of $150 for each check cashed.
b) Cash the check within 24 hours and you will receive a bonus of $100.
c) Cash the check within 48 hours and you will receive a bonus of $50
4.3 The salary will be paid to the Representative by cashier check.
4.4 The Beneficiary will cover financially any losses that the Representative might suffer due to any problems regarding the checks and money orders. These losses include all the fees and up to the full amounts on the checks/money orders that the bank might impose the Representative to pay.
V. PARTIES OBLIGATIONS
5.1 The Representative agrees:
a) To follow and execute exactly the obligations towards the Beneficiary which he/she assumed in the virtue of the present representative contract;
b) To send promptly the payment to our supplier indicated by the Company;
c) To keep the relationship and transactions with the Company private from any third party;
5.2 The Beneficiary of these services agrees:
a) Not to force the Representative to make transactions or transfers that are illegal or in contradiction with the present contract;
b) To assume all responsibility financially that will result from executing the present contract;
c) To carry out all its obligations towards the Representative following the terms and conditions stipulated in the present representative contract.
d) To issue a 1099 form for tax purposes and send it to the Representative after first transaction.
6.1 The Representative guarantees for the execution of its duties in the present representative contract.
6.2 The Beneficiary guarantees for the Representative its full support and financial aid in executing the objectives of the present representative contract.
VII. LEGAL CLAUSE
7.1 The Employee will be subject to penalties due to delays or waiting time beyond the two business days passed since receiving the check from our customer.
VIII. CONTRACT TERMINATION
8.1 The present representative contract will be ended, without the need for a Court of Law to intervene in case one of the parties does not execute one of the essential obligations as stated in the present contract;
8.2 Cessions its rights and obligations stated in the present contract without the approval of the other party;
8.3 Breaks one of its obligations, after it has been warned, through a written notification by the other party that a new violation will result in the termination of the present contract.
8.4 The party that will invoke termination of the obligations stated in the present contract will notify the other party with at least 14 days in advance before the date that the interruption will take effect.
8.5 Cancellation of the present contract will not have any effect on the obligations falling due between the contract parties.
8.6 The stipulations of the present contract do not eliminate the responsibility from the guilty party that caused for the contract to be void.
IX. EXTREME SITUATIONS
9.1 Neither of the parties will be held responsible for not being able to carry out accordingly totally or partially any of its own obligations if an extreme force or situation (as defined by law) has caused it.
9.2 The party that invokes an extreme situation is obligated to notify the other party when possible of its happening and to take all the necessary measures to limit its consequences.
9.3 If 15 days pass from the beginning of the event and the event does not end, the parties have the right to notify each other about the full termination of the present contract without any of them to ask for damages.
9.4 The Representative will give a two-week notice to the Beneficiary if he/she has to go away from its location or cannot perform its duties due to illness. In either case the Representative will not suffer any penalties from the Beneficiary.
X. FINAL STIPULATIONS
10.1 The modification of the present contract if possible only through additional annexes agreed and signed by both parties.
10.2 The present contract along with its annexes which are constitutive part of its contents represents the will of both parties and eliminates any other verbal agreement between them, before, or after it's signing.
10.3 The present contract was in two copies, one for each party