Agreement Essay

3279 Words Nov 30th, 2010 14 Pages
1

Payment Processing Agent Agreement
This Agreement is made as of the day day of

month

, year , by and between SilverSun Ltd (acting on the basis (hereinafter referred to

of the license №042957, hereinafter referred to as “the Company”) and as “the Contractor”). As used herein, the term ”Parties” shall refer to SilverSun Ltd and

your full name

collectively. your full name

Whereas, the Parties intend that this Agreement be entirely independent of other agreements between the Parties or that may be contemplated by the Parties, and that any payments under this Agreement be non-refundable and non-cancelable. Therefore, the Parties agree as follows: 1. Objectives of the Agreement The objectives of the Agreement
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The Contractor takes the responsibility to provide the Company with the estimate, which is later attached as Exhibit A of the present Agreement. The Exhibit A shall define the Contractor’s duties, term of engagement, compensation and provisions for payment thereof. These provisions may be negotiated and amended in writing from time to time, or supplemented with subsequent estimates for services to be rendered by the Contractor and agreed to by the Company, and which collectively are hereby incorporated by reference. 4. Reimburse of Expenses The Company undertakes to pay all taxes accrued in connection with money transfer. The Contractor shall pay money transfer charges from his/her commission for payment processing operation, however, the Company agrees to reimburse a part of expenses which are incurred in connection with money transfer by Western Union or MoneyGram systems (should the money transfer charges exceed 3%, i.e. commission for payment processing operation). The above difference will be automatically added to the base salary of the Contractor and paid once per month together with the base salary. The Contractor only carries the responsibility of taxation of their base salary and commission pay, minus transfer fees. Necessary bank statements, Western Union and Money Gram receipts need to be attached. 5. Reporting to the Company The Contractor shall present to the Company monthly project plans, progress reports and a final results report summarizing

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