(hereafter called Client(s)).
NOW, THEREFORE, it is agreed as follows:
A. Research and Discovery: BSLG will request and review the following information compiled byClient(s) via email:
1). Financing Agreement
2). Loan Application
B. Terms and Performance: The respective duties and obligations of the contracting parties is intended for an unforeseen estimated periodof time that does not exceed 24 months or until all funding services have been fulfilled.
C. Retainer: Client is required to submit a service payment to BSLG in full in order to launch business credit and funding acquisition services.
D. Cancellation: Client(s) understands that this agreement cannotbe cancelled, and broker fees owed is obligated to be paid by Client oncefunding has been received.
E. BusinessFees: Client(s)agreeto incurall business-related expenses necessary to become a legal entity,to secure sales taxID /reseller's permit, secure necessary online subscriptions orany other expense required to complete their credit and funding process.
F. Legal Fees: Alllegal claims made against Client(s)'s business not related to this agreement will be at the sole responsibility of the Client(s). This includes judgments, liens, lawsuits, etc. Any controversy or claim arising out of or relating to this agreement, or the breach thereof, shall be settled in court located in Gwinnett County, State of Georgia. In the event that litigation results from or arises out of this Agreement or the performance thereof, the parties agree to reimburse the prevailing party's reasonable attorney's fees, court costs, and all other expenses, whether or not taxable by thecourt as costs, in addition to any other relief to which the prevailing party maybe entitled. In such event, no action shall be entertained by said court or any court of competent jurisdiction if claim is filed more than one year subsequent to the completion date of business plan consulting services or date agreement was executed, whichever is later.
G. Indemnification: Client(s) will defend, indemnify, andhold harmless, BSLG, its affiliates, employees,agents, directors, andequityholders from any andall liabilities, losses,damages,costs, and expenses (including reasonable attorney's fees) which BSLG might suffer or incur by reason of any claims, demands, actions, or suits arising from:
(a) failure by Client(s) to comply with this Agreement;
(b) the operation or activities of any Venture;
(c) failure by Client(s) to comply with applicable law; or
(d) any claim against Client(s) by any other Client(s) of customer of Client(s) or by any other third party.
I. Confidentiality: BSLG will keep all knowledge of best practices, niche, intentions, or strategies private and will not disclose Client(s)'s information to any third parties at any time. Client(s) agrees to not share or reissue any copyrighted information, intellectual property verbally expressed or written from Beauty Supply Lending Group to any third parties for profit orill gain at any time.
J.Force Majeure: BSLG shall be responsible or liable for any delay or failure in performance of any part of this Agreement to the extent caused by an act of God or other causes beyond its control, including, but not limited to, governmental or legal action, riots, disturbances, war, strikes,lockouts, terrorism, slowdowns, epidemics, fire, flood, hurricane, typhoon, earthquake, lightning, and explosion.
K. Funding: Client(s) agrees to undergo funding assistance from BSLG and will submit to the process completely by complying to all necessary and reasonable requests made by BSLG. If Client(s) does not provide all information and adhere to policies and procedures required by the financial services agency, Client(s) may be dismissed from the funding program and charged all expenses associated with conducting the work conductedby BSLG to secure Client(s)'s funding.
Client(s) agrees to the following:
Client(s) understands that if there is a decline on their loan due to credit reasons, they can choose to sign-up for our credit enhancement services.
Client(s) understands and agrees that offers made to Client(s) from pre-approvals, can be rescinded and retracted by the Lender if not taken within 72 hours of the offer. Client understands, if offers are not accepted within 72 hours, loan consideration by Lender will not take place before 120 calendar days.
Client(s) understands and agrees that once all funds have been disbursed (or credit lines made available), Client(s) must satisfy any outstanding (if any) financial obligations to BSLG for the business credit and funding service.
Client(s) understands and agrees that all outstanding payments must be made within 48 hours of reception into their account or available in lines of credit. At the discretionof BSLG, payments can be direct ACH from Client(s)'s account. BSLG will not be held liable for overdraft or bank fees due to Client(s) withdrawing funds or providing false banking info on separate account they own or changing their bank information for their loan proceeds deposit.
Client(s) understands and agrees to paying an 8% brokerage fee in addition to the business credit and funding service, (of any loan amount received) to BSLG once proceeds have been disbursed. BSLG reserves to right to waive this fee in special circumstances.
Client(s) understands that outstanding invoices will incur 1% interest weekly.
If funds are unable to be secured, client will be sent to our collections team where adverse action may take place, to include, reporting the debt to their credit. Further prohibiting your ability to get funded.
Client agrees to provide immediate progress updates to BSLG if communicated to directly from lender.
M. Outcomes Not Guaranteed: The total amount secured for a Client varies. Therefore, BSLG makes no guarantees, representations, or warranties of any kind regarding return on investment, revenue, income, profitability, or success of Client(s) or any Ventures.
IN WITNESS WHEREOF, I ATTEST that I am signing this agreement in good faith with the full intention of opening a Beauty Supply Store and the parties have hereunto executed this Agreement as of: