Article 1: Contract Purpose
This agreement, known as “The Contract,” outlines the responsibilities and duties related to the provision of “Emirard Services.”
Article 2: Key Terms
- “Business Activities” encompass real estate investments and related services.
- “Development” refers to creating and managing the services described in the contract.
- “Outcome” indicates the final products or services delivered.
- “Investor” includes founders or participants, with “A” as the project founder and “B” as Emirard LLC.
- “Project Specifications” define the tasks to be performed.
- “Investment Period” begins after confirming the project’s initial specifications.
- “Inquiry” refers to a document reviewing the service requirements.
- “Amendment” denotes changes based on additional requests beyond the original terms.
- “Marketing” covers materials and results from promotional activities.
- “Operational Environment” includes all necessary conditions for the project’s execution.
Article 3: Agreement Composition
The contract includes these articles and any attached documents. Changes can be made electronically and will take effect as specified.
Article 5: Project Outcomes and Timeline
The scope of work and deliverables are defined in the current contract. Emirard will deliver the services as agreed, with ownership transferring upon final payment.
Article 6: Ownership and Intellectual Property
Emirard holds the rights to all outputs until the final payment is made, after which these rights may be transferred to the respective creators or remain with Emirard for portfolio use.
Article 7: Project Execution and Adjustments
Key considerations for project progress are detailed. Any modifications outside the initial contract are subject to review and may affect timelines or lead to contract termination if unresolved.
Article 8: Modifying the Contract
Changes must be documented in meeting notes or the original contract. Additional requests requiring more resources will be negotiated and may incur extra costs.
Article 9: Cooperation Responsibilities
Emirard must ensure clear communication and scope definition throughout the project. Delays or issues caused by Emirard that hinder project completion are not grounds for contract termination unless significantly disruptive.
Article 10: Collaboration and Timelines
Providing necessary data and support promptly is crucial for adhering to the schedule. Delays by Emirard in providing these can extend the project’s timeline.
Article 11: Payment Conditions
Payments are due upon the completion and approval of deliverables. Ownership and usage rights of outputs remain with Emirard until full payment.
Article 12: Inspection and Adjustments
A 30-day period is available for inspecting and requesting modifications post-delivery, with all changes to be completed within 60 days.
Article 13: Contract Termination
The contract can be terminated by mutual agreement or under conditions like insolvency, incapacity, or failure to meet obligations.
Article 14: Confidentiality
Both parties agree to maintain confidentiality during and after the contract term. Breaches may result in legal consequences.
Article 15: Special Provisions
Any special agreements supersede the general terms and must be documented.
Article 16: Dispute Resolution
Disputes should be resolved through negotiation, with arbitration as a secondary option. Litigation will follow local jurisdiction guidelines.
Article 17: Development Content
Specifications for project completion, including legal and regulatory considerations, are outlined.
Article 18: Contract Establishment and Payments
Payment schedules for project phases are detailed.
Article 19: Refunds and Compensation
Conditions for refunds and compensation, including scenarios of project abandonment or delays, are specified.
Article 20: Late Payment Penalties
Guidelines for handling delays relative to the contract schedule are provided.
Article 21: Investment and Usage Disclosures
Detailed risk warnings and terms of use are provided to inform investment decisions and outline Emirard responsibilities in managing investment risks.
