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This Service Agreement ("Agreement") is entered into as of March 28, 2025, by and
between:
Service Provider:
Tech Solutions Group, LLC
3210 Digital Parkway
Los Angeles, CA 90001
(Hereinafter referred to as "Service Provider")
Client:
Global Enterprises, Inc.
5000 Business Center Drive
New York, NY 10001
(Hereinafter referred to as "Client")
1. Services Provided
The Service Provider agrees to provide the following services to the Client (the
"Services"):
2. Payment Terms
The Client agrees to pay the Service Provider for the Services as follows:
Monthly Payment: A fee of $5,000 per month for ongoing software maintenance and
support, due on the 1st of each month.
Additional Services: Any services outside the scope of this Agreement will be
billed at an hourly rate of $150.
Invoices will be sent monthly, and payments are due within 15 days of the invoice
date. Late payments will incur a fee of 2% per month on the outstanding amount.
By Client: The Client may terminate this Agreement with 30 days' written notice if
the Service Provider fails to meet the agreed-upon milestones or deliverables.
By Service Provider: The Service Provider may terminate this Agreement with 30
days' written notice if the Client fails to make timely payments or breaches any
material term of this Agreement.
4. Confidentiality
Both parties agree to keep all confidential and proprietary information shared
during the course of this Agreement in strict confidence. Confidential Information
includes, but is not limited to, business plans, technical data, financial
information, and customer lists. This confidentiality obligation will survive the
termination of this Agreement.
6. Limitation of Liability
The Service Provider’s total liability under this Agreement shall not exceed the
total amount paid by the Client for the Services in the 6 months preceding the
claim. Under no circumstances shall the Service Provider be liable for any
indirect, incidental, or consequential damages, including lost profits or data.
7. Independent Contractor
It is understood and agreed that the Service Provider is an independent contractor
and not an employee of the Client. Nothing in this Agreement shall be construed to
create an employer-employee relationship, partnership, or joint venture between the
parties.
8. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of
the State of California, without regard to its conflict of law principles.
9. Entire Agreement
This Agreement constitutes the entire agreement between the parties with respect to
the subject matter hereof and supersedes all prior or contemporaneous agreements,
understandings, or negotiations, whether written or oral.
10. Signatures
The parties hereto have executed this Service Agreement as of the date first
written above.
Service Provider:
Signature: _________________________
Name: David Lee
Title: CEO, Tech Solutions Group, LLC
Date: March 28, 2025
Client:
Signature: _________________________
Name: Emily Parker
Title: Director of Operations, Global Enterprises, Inc.
Date: March 28, 2025