This License Agreement ("Agreement") is entered into on [Date], between LAW FOR LOVE DIASPORA PUBLISHING LIMITED, a Tanzanian limited company, having its registered address at [Address] ("Licensor"), and [Name of Licensee], having its principal place of business at [Address] ("Licensee").
1. Grant of License: Subject to the terms and conditions of this Agreement, Licensor hereby grants Licensee a non-exclusive, non-transferable license to use the legal structure and virtual assets of LAW FOR LOVE, including but not limited to:
The right to enter into business contracts under Licensee's unique Doing Business As (DBA).
Access to a virtual address provided by Licensor.
Use of Licensor's banking assets in Tanzania Shillings and USD.
Access to Licensee's partner assets including a conference center and mail handling facilities.
2. Trust Account: Licensee agrees to hold all funds retained for immigration services in a trust account until such time as the full immigration fees have been reserved. All business banking conducted on behalf of licensee shall be based on accepted Trust Accounting principles. Licensee shall receive a monthly Trust Account statement regarding funds held in trust by Licensor. Except as otherwise directed for the purpose of establishing Licensee's business operations, Licensor retains the right to exercise its discretion and best judgment whether to hold funds in Trust in the United States, the Republic of Tanzania, or both.
3. Services Included: The license includes the following legal services:
Application for work permit (Plan A License).
Application and processing of temporary residency (Plan A Licensing/Permit is for 2 years).
Licensing and permitting which is already owned by Licensee.
Exclusive access to US-based legal consulting.
Monthly trust accounting.
Liaison with international legal advocate.
Initiating international wire transfers and arranging for cash withdrawals for related business expenditures.
4. Term: This Agreement shall commence on [Commencement Date] and shall continue in effect until terminated in accordance with the Incubator Plan selected below.
5. Fees: In consideration for the license granted hereunder, Licensee shall pay Licensor the agreed-upon fees as per the terms outlined in a separate fee agreement between the parties.
6. Termination: Either party may terminate this Agreement upon [Notice Period] written notice to the other party in the event of a material breach of any provision of this Agreement by the other party, which breach is not cured within [Cure Period] days of written notice thereof.
7. Confidentiality: During the term of this Agreement and thereafter, both parties shall maintain the confidentiality of all information exchanged between them pursuant to this Agreement.
8. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of Tanzania.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.