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FUNDING CONSULTING AGREEMENT


FUNDING CONSULTING AGREEMENT

This FUNDING CONSULTING AGREEMENT (hereinafter referred to as “Agreement”), dated September 25, 2020, (“Effective Date”) between BONAFIDE FUNDING LLC., a Delaware protected series Limited Liability Company (hereinafter referred to as “Consultant”) and , an individual (hereinafter referred to as “Client”) with a personal email address of . This agreement shall remain in effect for a six (12) month period from the Effective Date.

SERVICES PROVIDED

Client, with the guidance of the Consultant, shall obtain auto loans, personal loans, commercial loans, business loans, credit lines (SSN/EIN), vendor lines of credit, corporate credit lines, credit cards, equipment funding and/or any other credit or loan type from various financial institutions, lenders, vendors and creditors in a reasonable and timely manner.

AGREEMENT TERMS

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants contained in this Agreement, Client and Consultant agree to the following terms and conditions:

1. Client, throughout the duration of the funding process, shall not engage in any litigation, personal or otherwise, with any domestic bank, private lender, credit union, or any other financial institution in the United States.

2. Consultant shall assist Client in obtaining personal and/or corporate credit cards, term loans and other credit products from various financial institutions, private lenders, creditors or other lending sources.

3. Client agrees to pay Consultant a consulting success fee of ten (10) percent based on the gross limit of each individual credit line, credit card, loan, and/or any other funding product acquired for Client as a result of Consultant's efforts. This fee shall be due within two (2) days of each successfully executed credit account, credit card, loan or any other form of credit. If credit accounts or loans are approved at various times, the consulting fee due date is based upon each successful execution. This consulting fee is separate from any costs, advance payments, administrative fees, points charged, closing costs, due diligence costs, interest charged, etc., assessed or imposed by any direct lender or other party not controlled by Consultant necessary to the successful execution of credit or funding.

4. Client agrees and understands that compensation is for Consultant's full effort and cooperation in obtaining and activating all credit lines, credit cards and/or any other source of funding. Duties that must be performed by Client to achieve successful credit offers are as follows:

a) Communicate in a timely manner with all underwriters and lenders. Client agrees to fully respond and comply with all requests made to Client within twenty four (24) hours from receiving the communication. Any written or electronic communication from lenders/underwriters shall be forwarded electronically, via scan and emailed to Consultant no later than twenty four (24) hours from the date of written or electronic communication from lenders/underwriters.

b) Client understands that any reduction in accessible credit due to negative or derogatory activity due to Client’s action(s) or absence of action(s) will cause this agreement to terminate. In such instance, Client agrees to pay Consultant a flat fee of One Thousand United States Dollars ($1,000.00) for it's efforts made in addition to any commission earned as a result of credit approvals already granted.

c) Client agrees to establish any necessary bank/merchant accounts required to receive credit approvals.

d) Client agrees to provide Consultant with access to their active credit monitoring service throughout the process.

e) Client understands and agrees they are responsible to make purchases, and for timely payment, of vendor orders that create business trade references, when business credit is being obtained for Client’s benefit.

f) Client agrees to provide Consultant Limited Power of Attorney to act on Client’s behalf to fulfill the terms of this Agreement.

g) Client agrees to indemnify and hold harmless Consultant and/or any third party funding sources, Service Providers and all of their Owners/Members/Principals should any entity not listed in this Agreement bring forth litigation for commissions and/or fees not received as a result of this Agreement. Client also agrees to indemnify and hold harmless Consultant and/or any third party funding sources, Service Providers, and or their Owners/Members/Principals should Client default or use his or her credit for illegal or unauthorized purposes.

5. Client acknowledges that Consultant makes no warranties, assurances or guarantees that the desired credit/funding will be made. Furthermore, the Client acknowledges that Consultant is performing its services on a “best efforts” basis.

6. Client agrees to maintain their personal credit and/or business credit score in good standing for the period of this Agreement.

7. Confidentiality and Non Disclosure: Each party has expressed a desire to conduct ongoing business together, to the mutual benefit of both individuals and/or organizations; therefore it is in the spirit of mutual trust and confidence, and in one of reliance upon one another “to do what is fair and mutually equitable” that this Agreement is set forth. Client will from time to time learn and become privy to Consultant's information, together with contacts and other persons that will assist in providing the proper services that Client will be learning in this network of Consultant. Client hereby agrees to keep all information belonging to Consultant absolutely confidential and protect it from release and distribution to any outside parties to this agreement. Information to be kept strictly confidential will include but not be limited to the Names of Organizations, Individual Contact Names, Lease and Rental Rates, Marketing Plans and Programs, Product Costs and Pricing, Contracts and Agreements, the Telephone Numbers or Fax Numbers, Email Addresses, etc. of any Consultant clients, prospective clients, Banks, Lessors, Lenders’ Products Bought and Sold, etc. and Client will NOT ENTER INTO ANY direct negotiations or transactions with such contacts or with any entities, the names of which have been provided by one of the parties to this Agreement revealed by the other party, unless written permission has been obtained from the other party (parties) to do so. This obligation is to protect the confidentiality of Consultant’s confidential information and will survive this Agreement. The parties will not in any manner, solicit, nor accept any business in any manner from sources not their Affiliates, which sources were made available through this Agreement, without the express permission of the party who made available the source. For the sake of this Agreement, it does not matter whether information is obtained from a natural or a legal person. The parties also undertake not to make use of a third party to circumvent this clause. Furthermore, each party acknowledges that any client names, their contacts, contract details and pricing information, etc. is the exclusive property of the originator, and as such is highly confidential information that represents the source of income for each respective organization and signatory. This information therefore is of great financial value and worth as it has been developed as a result of the considerable time, efforts and great expense of each signatory and their respective organization. This confidentiality and nondisclosure shall remain in effect for a period of ten (10) Years beginning on the Effective Date of this Agreement and extending forward in time to the most recent date of the latest referral or introduction made, or contract offered by either party.

8. Arbitration: This Agreement sets forth the entire understanding of both parties regarding the mutual protection and confidentiality of their respective information. It is further accepted that this Agreement or branch thereof shall be bound by the laws of the State of Delaware, and that if any controversy or claim should arise out of, or relating to this Agreement, and which is not settled between the signatories themselves it shall be settled through the courts of the State of Delaware, and judgment of the award, if any rendered through the court, including the award to the aggrieved signatory, his heirs, assignees, and/or designees for the total remuneration received as a result of the business conducted with the parties covered by this Agreement, plus all court costs, attorney fees, and other charges or damages deemed to be fair by the court.

9. Any amendments to this Agreement must be in writing, and signed by both parties.

10. Client acknowledges and agrees that this Agreement supersedes any and all prior Agreements.

11. This constitutes the entire Agreement between the parties hereto concerning the subject matter of this Agreement; and there are no conditions, understandings, agreements, representations, or warranties, expressed or implied, which are not specified herein.

IN WITNESS WHEREOF, Client and Consultant have signed, accepted and sealed this Agreement.

CLIENT

Printed Name:

Address: ,  ,     

 

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Document name: FUNDING CONSULTING AGREEMENT
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October 5, 2018 1:32 pm CDTFUNDING CONSULTING AGREEMENT Uploaded by Bonafide Funding - info@bonafidefunding.com IP 2601:244:5480:9bc0:9ca1:714e:8f4c:b49a