WENDELSTEIN Hausverwaltung
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Wendelstein GmbH | Definition Of Corporate Service Agreement
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Definition Of Corporate Service Agreement

Definition Of Corporate Service Agreement

A service contract is different from a loan. A service contract binds both parties, while the link is one-sided and binds the employee only to the agreement. An enterprise services agreement is similar, but more important than orders, service level agreements, and purchasing agreements, among others. 6.1 The fees referred to in Annex 2 shall be in accordance with the MANAGER`s fee schedule at the time of the agreement. Subject to a different written agreement with respect to annual or other periodic fees, the MANAGER has the right to change this scale up to a period of at least 30 days. All taxes and duties are plus VAT and other applicable duties (if any) payable in addition to such taxes and duties. The MANAGER`s fees shall reflect, where appropriate, time and factors, such as complexity, monetary values and specialised contributions, and shall take into account the urgency and inherent risks, as well as the use of techniques, expertise, research and know-how developed by the AIFM. 6.4 Upon request, the Client and the Company immediately agree to exempt the Manager from all debts, costs or expenses incurred by the Manager in the course of providing the Services. The AIFM is not required to bear any costs or payments in the provision of the Services, unless the AIFM has received sufficient funds in advance.

6.5 The Manager has the right and irrevocable power to withdraw funds of funds that he holds on behalf of the Client and/or the Company or that he manages on behalf of the Client and/or the Company to pay all fees and expenses payable. 6.6 Unless otherwise agreed, all discounts and commissions received by the Manager during the provision of the Services shall be credited to the Client or the Company, except in respect of organisations for which the Manager performs commercial agent functions, which are from time to time communicated in writing to the Client. 6.7 Any fee estimate provided by the Manager is given in good faith, but is subject to the reservations and assumptions indicated, as well as to all factors that are not under the control of the Manager, and is not contractually binding. . . .

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