Name of legal entity:

CIF, NIF or Tax ID:

Name of the legal representative:

Address:

City:

Country:

Postal Code:

Email:

This Master Service Agreement shall govern the provision of services to ____________________________ (the “Client”) by I-Dea Ventures S.L. (“Cokrea”). Additional terms, such as the services and deliverables to be provided hereunder, the Scope of Work, shall be sent separately via Email.

RIGHTS, OWNERSHIP AND USAGE

Subject to Cokrea’s receiving full payment under this Agreement, Cokrea assigns to the Client, without representation or warranty, all rights, title and interest Cokrea may have in any work specifically created by Cokrea for the Client pursuant to this Agreement, except that:

Cokrea may use and distribute such work as part of its portfolio for promotional purposes, unless the Client has asked for an NDA.

PAYMENT TERMS

For One-Time services, Client must pay Cokrea the total amount for the project before kick-off via credit card or direct transfer.

All monthly payments shall be paid by credit card, PayPal or by Single Euro Payment Area (SEPA).

If the client prefers to pay via wire transfer, they must transfer in advance 3 months of service fee. Client shall pay Cokrea any and all late or defaulted monthly fees within five (5) business days of receipt of the respective notice of failed payment and invoice.

TERM & TERMINATION

Either party may terminate this Agreement for any reason upon giving 60 days prior written notice to the other. If this Agreement is terminated without a 60-day notice, Client shall pay Cokrea, in addition to any pending fees earned by Cokrea, an early termination fee equal to 1 month retainer payable hereunder (as specified in the SOW), plus any and all expenses and third-party costs reasonably incurred by Cokrea through the effective date of cancellation..

NON-SOLICITATION

During the term of the contract, and for a period of one (1) year immediately thereafter, Client agrees not to solicit any employee or independent contractor of Cokrea on behalf of any other business enterprise, nor shall induce any employee or independent contractor associated with the Company to terminate or breach an employment, contractual or other relationship with Cokrea.

LEGAL CLEARANCES AND INDEMNIFICATION

The Client is responsible for obtaining all legal clearances required for the performance of services hereunder. The Client shall indemnify, defend (at its own cost and expense) and hold Cokrea and its officers, employees and agents harmless from and against any and all claims, suits, demands, damages, losses and expenses arising from any breach, misrepresentation or other act or omission of the Client.

INTEREST ON LATE PAYMENT

In accordance with Article 1.101 of the Civil Code, any delay in the payment of the remuneration established in this Contract shall give rise to an increase in the price equivalent to the default interest generated by the delay in payment.

The interest rate for late payment shall be equal to the half-yearly reference or refinancing interest rate of the European Central Bank in force on 1 January for the first half of the relevant year, and on 1 July for the second half of the relevant year.

Default interest shall be payable automatically as from the payment date set forth in the preceding stipulation, without the need for any notice of maturity or any intimation by the Advisor. The accrual of such interest shall not affect the exercise of any action to which the Advisor may be entitled for failure to pay.

Additionally and as permitted by law, there will be an additional charge of 50€ for collection management for each invoice delayed in payment, regardless of the amount thereof. Likewise, the bank expenses derived from the chargeback, if any, will be charged.

GOVERNING LAW & JURISDICTION

This Agreement shall be interpreted and construed in accordance with the laws of the State of Madrid/Spain, without regard to any conflict of laws principles. Each party hereby irrevocably consents to the exclusive jurisdiction of the State and Federal courts sitting in Madrid for the purpose of hearing and deciding any and all disputes, claims and controversies arising out of and relating to this Agreement. The prevailing party in any such action or proceeding shall be awarded all of the costs and fees incurred by it reasonably related thereto, including the fees of its attorneys.

TYPE OF SERVICE

One-time or Recurrent

PAYMENT METHOD

Bank Account or Credit Card

In case the service is recurrent, please give us the bank account where the monthly fee should be debited from:

Bank account for direct debit

Account holder

Swift code

THIS CLAUSE APPLIES ONLY FOR RECURRING SERVICES

Upon completion of the first term, this agreement shall be renewed automatically in all terms and conditions related with the service, unless either party gives notice to the other of its decision to terminate the Agreement in all its terms, at least two (2) months prior to the expiration date. This must be a formal notice written and sent via email.

If you have selected Credit Card, please tell us:

Credit card number

Cardholder name

Expiration date

CVV

Do you agree with these terms and conditions? I accept