Memorandum of Understanding
Consultancy – Introductory Service Agreement
MOU AND AGREEMENT (the “Agreement”), made and entered into as of this Date ___/___/___, by and between:
- Full Name: (Indicate with “X”) MR.___ MS.___
- ADDRESS (NO PO BOX): ____________________STATE,________ ZIP CODE: __________
- COMPANY NAME: ______________________
- PHONE: ______________________
- E-MAIL: ____________________
(“PARTICIPANT”) of one part and Consultants/Introducers of the other part collectively known as the Consultancy and Introductory Group or Parties;
The (Consultant and/or Introducer) Name: __________________
Re: MOU and Introductory Service Agreement
CONSULTANT/INTRODUCER FEE IS TEN PERCENT (10%) OF TOTAL CONTRACTED/PAYOUT FUNDING VALUE (FUNDS RECEIVED).
Locked Participation is guaranteed for the participant’s full and secure participation into the introduced Credit Repair Service and Lending Alternative Funding opportunity through our Consultancy Group. Ten Percent (10%) is only due at the time of the Participant’s closing only when the participant receives the Direct Deposit or Credit Line, etc., up to $35,000.00 from the combination of
an ACH Grant, Non-Recourse Financing Source and/or Lending Institution. The Participant is not obligated to Pay the (Ten percent) upfront.
All fees paid to The Consultant/Introducer are from the gross funding and/or loan proceeds the Participant receives.
Participant is seeking at least $35,000.00 (Thirty–Five Thousand Dollars) for primary business financing (“Funding”) or New Mortgage or personal use (“Funding”). The Consultancy/Introductory said fee of TEN PERCENT (10%), up to $3,500.00 that is due at receipt of funds, will be required for services rendered to the Client/Participant for on-going consultancy support and introduction services for the life of the Client participation and/or contract.
Participant will give their authorization to pay the Ten Percent to the Consultant’s/Introducer’s designated method of payment which is the following Financial Institution: Chime.com. (Go online and apply. It’s Free). There are no obligations if the Client/Participant does not contract: Complete an application and submit it with the Credit Repair Services and apply for their recommended Non-Recourse Funding Services, etc. or any of their sister companies, or affiliated companies or partners.
Consultant/Introducer only collects their payment and gets paid when the contracting Client/Participant is paid from the producing opportunity. If the Client does not move forward and contract with the lending/Non-Recourse Funding, there is absolutely no obligation. Any fees paid per the Participant’s authorization to the Consultant/Introducer fees are not refundable.
The details in relation to the participation of the referred Credit Repair Services and Lender and/or Non-Recourse Funding Alternative opportunity will be issued directly to the Participant for their review and application completion and for the Participant’s own referrals who may have an interest to apply and participate/contract.
Any referrals the Client/Participants brings in to participate in said opportunities also becomes the Consultant/Introducer’s Participant/Client and falls under specified strict guidelines through the chain of command giving only “One Up”. One Up simply means that the first person you introduce to this program goes up to your sponsor. From that point on, every new member is direct to you and you will receive commission on those new members.
Thus, the referral from the Participant will have to complete and execute a MOU and Introductory Service Agreement before qualifying and contracting directly. Circumvention nor non-paying clients/participants will not be tolerated.
AGREEMENT TO TERMS
Signatures on this Agreement received by way of Facsimile, Mail and/or E-mail shall be an executed contract: Agreement enforceable and admissible for all purposes as may be necessary under the terms of the Agreement.
ACCEPTED AND AGREED WITHOUT CHANGE BY “PARTICIPANT”
Company Name: ________________________________________
TRANSMISSION OF THIS AGREEMENT
The transmission of this Agreement through E-mail shall be legal and binding.
AGREED AND ATTESTED
Each representative signing below guarantees that he/she is duly empowered by his/her respectively named company or DBA (Doing Business As) to enter into and be bound by the commitments and obligations contained herein either as individual, corporate body or on behalf of a corporate body.
FULLY ACCEPTED AND ELECTRONICALLY SIGNED BY PARTIES HEREIN WITHOUT CHANGE
IN WITNESS THEREOF, the parties hereto have executed this MOU and Agreement as of the last written date below.
Signature : ________________
Signed on: ____/_____/________
ADDRESS (NO PO BOX): ______________________________
Phone: (. ) _______-____________
Participant Name: _________________________
Participant Signature: _______________________
Signed on: _____________________