This contract ("Agreement") is made and entered into on the date of acceptance by the Client and by WMC Enterprises, an Arizona company.
Purpose:
The purpose of this Agreement is to outline the terms and conditions under which WMC Enterprises will provide services to the Client.
Services:
WMC Enterprises will provide the following services to the Client:
Consultation regarding delinquent tax investments, such as Tax Deed Sales and Tax Lien Certificates
Operations:
The Client is to be solely responsible for funding the acquisitions of the Tax Lien Certificates/Tax Deeds.
If the acquired certificate/deed is redeemed by the property owner, the interest will be divided according to the profit sharing terms found in the
Payment portion of this agreement.
If the certificate/deed is not redeemed and the title is able to be foreclosed, the Client will pay any additional attorney fees to complete the foreclosure process.
If the title is assumed by the Client, the Client has the following two options:
1) The Client may elect to proceed with current agreement in order to rent or sell the property to generate a profit which would be shared according to the profit sharing terms in the
Payment portion of this agreement.
2) The Client may elect to terminate the agreement with WMC Enterprises, according to the
Termination portion of this agreement.
Term:
This Agreement will begin on the date of acceptance and will remain in effect until all services have been completed, unless terminated by either party.
Payment:
The Client will pay Cody Lewers an initiation fee in the sum of $1250 within 48 hours of date of acceptance by the Client, to begin the services.
In addition, for the services outlined in this Agreement, the Client will share 30% of net profits with WMC Enterprises, LLC. Profit Sharing will be due upon completion of the services.
Confidentiality:
WMC Enterprises and the Client acknowledge that during the course of this Agreement, either party may have access to confidential information belonging to the other party. Both parties agree to keep all such information strictly confidential and not to disclose it to any third party without the prior written consent of the other party.
Termination:
Either party may terminate this Agreement at any time, with or without cause, by giving the other party written notice of termination. Upon termination, the Client will pay the equivalent to 30% of gross profit earned or current market value of active investments for all services rendered up to the date of termination
Arbitration:
All parties agree to waive their right to a jury trial and resolve any disputes arising from this contract through binding arbitration before a single arbitrator of the American Arbitration Association (or other arbitrator at the mutual agreement of the parties). The prevailing party will be entitled to reasonable costs and attorneys' fees.
Governing Law:
This Agreement will be governed by the laws of the State of [State].
Entire Agreement:
This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements or understandings, whether oral or written. This Agreement may not be amended or modified except in writing signed by both parties.
Acceptance:
The Client hereby acknowledges that they have read and understand this Agreement and agree to be bound by its terms and conditions.
By: [Name of Authorized Representative]
Title: Investor
Date: [Date]
By: Cody Lewers
Title: Consultant
Date: [Date]