Terms and Conditions

ABS hereby engages the service of the Agent (any references to “Agent” throughout this letter of agreement will also apply to any sub-agents of the Agent as well) upon the following terms, covenants, conditions and provisions which the Agent accepts:

  1. The Agent is engaged by ABS as an independent contractor on a nonexclusive basis to refer the services of ABS to prospective business customers.  ABS will pay the Agent an amount equal to 25% of the residual commissions received by ABS from ABS’s suppliers, for any account(s) that Agent refers to ABS. ABS will continue to pay a commission to the Agent for as long as the ABS receives a commission from the underlying provider.
  2. Agent shall be compensated on a commission basis.  All commissions paid to Agent are based on revenues collected from the suppliers providing service to the end user.  ABS reserves the right to withhold monthly commissions IF the total monthly commission due Agent is less than one hundred dollars ($100.00) for that particular month. ABS reserves the right to charge back commissions to Agent if any of ABS’s providers charge back such commissions to ABS and ABS has previously paid Agent on said account.
  3. This Agreement shall not be amended, changed or modified except in writing signed by both parties.
  4. This Agreement shall be binding and inure to the benefit of the parties hereto and their respective heirs, executors, administrators, successors, assigns, trustee in bankruptcy and court appointed officer.
  5. This Agreement shall be constructed in accordance with the laws of the State of Utah and in the event that there is any litigation in connection herewith, the parties expressly agree that the Courts of the State of Utah shall have jurisdiction to hear and decide such disputes.
  6. In the event that any term of this agreement shall be held invalid, illegal or unenforceable in whole or in part, none of the validity of the remaining part of such term or the validity of any other terms of this Agreement shall in any way be effected thereby.

Agent represents and warrants that they have full authority to enter into this agreement and they know of no other engagements or contracts, written or understood, that would prevent this agreement from being valid and binding.  IN WITNESS WHEREOF, the parties have set their hands and seal and caused these presents to be executed the day and year first above written