ISME – Memorandum of Understanding

Memorandum of Understanding

This Memorandum of Understanding (“Agreement”) is being made between Solomon’s Porch Systems and her Independent Social Media Executive (here-in referred to as the 2nd party) on 1st of May 2020(date). This Agreement will become effective upon ISME accepting by appending signature/initials below.

1.Basis of Agreement

The Parties will perform the following things written under that are listed in this Section 1.  The Parties acknowledge that their obligations to perform these things serve as good and valuable consideration for this Agreement. Therefore; this Agreement is a legally binding, fully-enforceable contract.

a. Solomon’s Porch Systems shall:

i. Engage your services as a Independent Social Media Executiveto work with us on a full-time basis.

ii. Allow you work remotely, Nevertheless, you are meant to participate actively through our digitized staff platforms and send in your reports on targets given, to your supervisor in charge and HR.

iii. You determine what you earn based on customers you bring in, You can make from N14,000 upwards per sale.

iv. Give you extra allowances during your birthday celebration, upon completion of targets given and also during festive periods.

 

b. You will:

i. Increase the brand awareness of Solomon’s Porch Systems and her partners.

ii. Implement Digital Marketing Strategies to get customers.

iii. Submit reports on quality leads or as at when needed to HR and your supervisor in charge.

iv. Daily publicize about Solomon’s Porch Systems Services on all digital platforms accessible to you, emphasizing on the benefits of our services.

v. Use digital marketing strategies given to you, to generate leads that will become conversions for any product or service we are giving out to the public.

vi. Abide by the staff code of conduct of Solomon’s Porch Systems and perform efficiently in whatever team you are appointed to.

 

2. Fees

Commision Package(Basic) –  Based on Customers brought in/20% per sale Bronze Level

Bonuses – must sell ₦1,000,000 in total of products to enter silver level and get amazing bonuses like laptops, Samsung phones, TV, Generator etc

 

3.Term and Termination

a.The term of this Agreement is begins from the Effective Date above.

b.If either Party fails to follow through with their responsibilities or obligations under this Agreement, the other Party can end this Agreement by giving a written notice to the breaching Party/the other Party can end this Agreement immediately by giving written notice to the breaching Party.

c.This Agreement will automatically terminate when both Parties have performed all of their obligations under the Agreement and all payments have been received and have decided not to continue any longer with the terms outlined here

4.Confidentiality

a. Your proprietary information and other private details like your account details are safe with us.  Any know-how, or any other confidential information that is not publicly available, will not be given to a third-party. We agree to use the proprietary information only for purposes related to this Agreement. We also agree to return or destroy any propriety information we have, whether it’s physical or electronic, upon termination of this Agreement.

b. We expect our information to be safe with you, too. This includes our proprietary information. You agree not to sell our proprietary information to a third-party, no matter how much they offer you for it. You also agree to return or destroy any propriety information you have, whether it’s physical or electronic, upon termination of this Agreement.

5. Licenses

Solomon’s Porch Systems pre-existing trademarks and copyright material (like logos and service marks) will remain our property and we will be the sole owner of all rights in connection to it. We grant you (our Independent Social Media Executive) a nonexclusive, nontransferable license to use, reproduce, and modify the Marks as needed to effectively carry out the job given to you by us. You agree to stop using the Marks immediately upon our request. When this Agreement is terminated, your license to use the Marks will also terminate.

6. Limitation of Liability

Your liability to Us is only for the costs payable under this Agreement. You will not be liable to Us, or any third-party, for damages like lost profits, lost savings, incidental damages, consequential damages, punitive, exemplary, or special damages. Neither Party will be liable for lost profits or lost business opportunities upon breach of this Agreement.

7. Waiver

Neither Party can waive any provision of this Agreement, or any rights or obligations under this Agreement, unless agreed to in writing by the Parties. If any provision, right, or obligation is waived, it’s only waived to the extent agreed to in writing.

8. Amendments

This Agreement may be modified as needed. To make a modification, the Parties have to agree to the modification in writing in the form of an amendment. The terms of this Agreement will apply to any amendment made unless otherwise stated in the amendment.

9. Assignment

The Parties may not assign the responsibilities that they have under this Agreement to anyone else unless both Parties agree to the assignment in writing.

10. Dispute Resolution

a. Negotiation: We want to work this out. In the event of a dispute, the Parties agree to work towards a resolution through good faith negotiation.

b. Mediation/Arbitration: If talking it over doesn’t go well, either Party may initiate mediation or binding arbitration in a forum mutually agreed to by the Parties.

c. Litigation: If litigation is necessary this Agreement will be interpreted based on the laws of Nigeria, regardless of any conflict of law issues that may arises. The Parties agree that the dispute will be resolved at a court of competent jurisdiction in the State.

d. Attorney’s Fees: The prevailing party, also known as the “winner”, will be able to recover its attorney’s fees and other reasonable costs for a dispute resolved by binding arbitration or litigation.

11.Complete Contract

This Agreement puts the Parties entire understanding of the Services to be performed and anything else the Parties have agreed to in black and white (literally).  This Agreement supersedes any other written or verbal communications between the Parties. Any subsequent changes to this Agreement must be made in writing and signed by both Parties.

12. Severability

If any section of this Agreement is found to be invalid, illegal, or unenforceable, the rest of the Agreement will still be enforceable.

13.Notices

All notices under this Agreement must be sent by either email with return confirmation of receipt, or certified or registered snail mail with return receipt requested.

 

 

SIGNATORY AGREEMENT

The both Parties agree to the terms of this Agreement by placing their signatures below:

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