CONSULTANT ENGAGEMENT LETTER
Re: Engagement Letter
Dear Valued Client,
I. The Parties. This Engagement Letter (“Letter”) confirms the services of VastSolutionsGroup.com and/or its affiliates and/or appointees (“Consultant”) requested by name on the signature page (“Client”) on the date outlined on the signature page. Whereas, the Client and Consultant (“Parties”) agree to the following terms and conditions for the Consultant's services, as an independent contractor, in exchange for fees:
II. Services. The Consultant agrees to provide the following services annually: (check below all that apply)
☐ - Budget Preparation…$3,000
☐ - Coordination with professional advisors…$4,000
☐ - Blockchain/Cyber/Web 3.0 Consulting...$12,000
☐ - Customized Reports…$5,000
☐ - Detailed General Ledgers…$5,000
☐ - Financial Assistance…$12,000
☐ - Financial Statements…$10,000
☐ - General Bookkeeping…$12,000
☐ - General Consulting…$12,000
☐ - Implementation…$5,000
☐ - Payroll…$2,400
☐ - Qualified Plan Administration…$6,500
☐ - Qualified Plan Consultation…$5,500
☐ - Qualified Plan Implementation…$7,500
☐ - Risk Analysis Consultation…$7,500
☐ - Tax Consulting…$12,000
☐ - Tax Preparation…$6,000
☐ - Other: _______________________________________________________.
The aforementioned selections shall be referred to as the “Services”. The Consultant shall conduct the Services within the specifications and guidelines set by the Client. The Consultant shall, at all times, observe and comply with generally accepted consulting practices and standards while complying with all Federal and State laws, regulations, and procedures when completing their Services in accordance with this Letter. Additional fees apply to out of scope services such as qualified plan consultation.
III. Fees. The Client agrees to pay the Consultant:
Annually. The amount outlined above
Note (1): Annual recurring fees are raised every 12 months by 4%.
IV. Payment. The Client shall pay the Consultant:
Via Credit Card or Blockchain. Annually
Note (1): Annual recurring fees are raised every 12 months by 4%.
Note (2): Client may upgrade projects/fees via email/text.
V. Expenses. The Client shall:
Not Pay Expenses. All expenses, including, but not limited to, travel expenses, audit fees, tax fees, and postage shall be the responsibility of the Consultant.
VI. Retainer. The Client shall:
Pay a Non Refundable Retainer. In the amount of $1,000, due immediately.
VII. Term. The Term of this Letter shall be:
Ongoing Period. The arrangement of the Services provided by the Consultant shall be on-going beginning immediately and go indefinitely or until termination.
VIII. Termination. This Letter may be:
Terminated by Both Parties. By providing the either party at least 30 days’ written notice.
Unless the Consultant has not performed the Services in accordance with this Letter, the Client shall pay the Consultant, in-full, for any remaining balance owed following the termination of Services. If services are performed by Consultant, 50% of uncompleted work’s remaining fees paid will be returned to Client. There is an initial 24 hour refund period where 90% of the funds will be returned.
IX. Client’s Obligations. The Client shall be solely responsible for providing the Consultant all financial information related to their personal and/or business affairs including, but not limited to, all materials, data, and documents necessary to perform the Services under this Letter. The Client acknowledges and agrees that the accuracy of financial information supplied to the Consultant is the sole responsibility of the Client and the Consultant shall be held harmless from any liability resulting from the accuracy of the financial information provided. The Client will not attempt to hire employees, consultants, or contractors at the Consultant. Client agrees to consult with professional advisors such as tax professionals, attorneys, financial advisors.
X. Employment Status. The Parties agree that the Consultant shall provide the Services to the Client as an independent contractor and shall not be acting or determined to be an employee, agent, or broker. As an independent contractor, the Consultant shall be required to follow all requirements in accordance with the Internal Revenue Code which includes, and is not limited to, payment of all taxes levied for fees collected by the Client for payment of their employees, agents, brokers, and subcontractors. The Consultant understands that the Client shall in no way withhold any amounts for payment of any taxes from the Consultant’s accumulated fees for Services.
XI. Confidentiality. The Consultant, shall in the course of performing the Services hereunder, may gain access to certain confidential or proprietary information of the Client. Such “Confidential Information” shall include all information concerning the business, affairs, products, marketing, systems, technology, customers, end-users, financial affairs, accounting, statistical data, documents, discussion, or other information developed by the Consultant hereunder and any other proprietary and trade secret information of the Client whether in oral, graphic, electronic or machine-readable form. The Consultant agrees to hold all such Confidential Information of the Client in strict confidence and shall not, without the express prior written permission of the client, disclose such Confidential Information to third (3rd) parties or use such Confidential Information for any purposes whatsoever, other than the performance of its obligations hereunder. The obligations under this section shall survive the termination or expiration of this Letter. At times the Consultant will provide Client information to third parties in an effort to assist in the consultation of this Letter. Great discretion will be exercised.
XII. Assignment. The Consultant shall have no rights to assign any of their rights under this Letter or delegate the performance of any of the obligations or duties hereunder, without the prior written consent of the Client. Any attempt by the Consultant to assign, transfer, or subcontract any rights, duties, or obligations arising hereunder shall be void and of no effect.
XIII. Notices. Any notices, bills, invoices, or reports required by this Letter shall be deemed received on the day of delivery if delivered by hand, standard mail, e-mail, or facsimile during the receiving party’s regular business hours.
XIV. Governing Law. This Letter shall be construed in accordance with and governed by Federal laws and those located in the State of Washington.
XV. Dispute Resolution. All disputes under this Letter shall be settled by arbitration in the State of governing law before a single arbitrator pursuant to the commercial law rules of the American Arbitrator Association. Arbitration may be commenced at any time by any party hereto giving written notice to the other party to a dispute that such dispute has been referred to arbitration. Any award rendered by the arbitrator shall be conclusive and binding upon the parties hereto. This provision for arbitration shall be specifically enforceable by the parties and the decision of the arbitrator in accordance herewith shall be final and binding without right of appeal.
XVI. Severability. If any provision of this Letter shall be held to be illegal, invalid or unenforceable under present or future laws, such provisions shall be severable, this Letter shall be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part of this Letter; and, the remaining provisions of this Letter shall remain in full force and effect.
XVII. Limitation of Liability. In no event shall either party be liable to the other party for any indirect, incidental, consequential, special or exemplary damages, including without limitation, business interruption, loss of or unauthorized access to information, damages for loss of profits, incurred by the other party arising out of the services provided under this Letter, even if such party has been advised of the possibility of such damages. In no event will neither party’s liability on any claim, loss or liability arising out of or connected with this Letter shall exceed the amounts paid to the Consultant during the period immediately preceding the event giving rise to such claim or action by the Client or the limits of the Consultant’s professional liability policy, whichever is greater of the errors and omissions policy that is in place.
XVIII. Indemnification. Each party shall at its own expense indemnify and hold harmless, and at the other party’s request defend such party affiliates, subsidiaries, and assigns its respective officers, directors, employees, sublicensees, and agents from and against any and all claims, losses, liabilities, damages, demand, settlements, loss, expenses, and costs, including attorneys’ fees and court costs, which arise directly or indirectly out of or related to any breach of this Letter or the gross negligence or willful misconduct of a party’s employees or agents. Consultant is not responsible for inaccurate data, materials, and/or documents provided by Client, advisors, or vendors. Nor is the Consultant liable for changes in tax law, regulations, or local authorities.
XIX. Entire Letter. This Letter is the final, complete and exclusive agreement of the parties with respect to the subject matter hereof and supersedes and merges all prior or contemporaneous representations, discussions, proposals, negotiations, conditions, communications, and agreements, whether written or oral, between the parties relating to the subject matter hereof and all past courses of dealing or industry custom. No modification of or amendment to this Letter shall be effective unless in writing and signed by each of the Parties.
XX. Disclosures. Consultant does not offer any guarantees of its services. Read all marketing materials carefully. Consultant does not offer any securities-related products although has strategic alliances with companies that do so. Consultant will not take responsibility for any consultation prior to a signed letter of engagement. Consultant will not take responsibility for any actions that are outside the scope of its services outlined in this Letter. Consultant will not take responsibility for the actions of its vendors that are utilized by Client.
XXI. Waiver. The waiver by either party of a breach of or a default under any provision of this Letter shall not be effective unless in writing and shall not be construed as a waiver of any subsequent breach of or default under the same or any other provision of this Letter, nor shall any delay or omission on the part of either party to exercise or avail itself to any right or remedy that it has or may have hereunder operate as a waiver of any right or remedy.
VastSolutionsGroup.com and Client accept conditions of the above Letter as of submission date
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