This Business Agreement (hereinafter referred to as the "Agreement") is made and entered on
this ____ day of _____ 2019 (the “effective date”), between Almusawi International, Address
_____________ (hereinafter referred to as the "Company"), and Salim Juma Alyaaquobi
Address ____________ (herein referred to as the “Artist”).
NOW THEREOF, in consideration of the mutual covenants and promises made by the Parties
hereto, the Parties covenant and agree as follows:
The initial term of this Agreement shall be for a period _____ [Years/Month], commencing on
the Effective Date herein, and an additional ______ [year/month] callback period.
2.1. The Company and the Artist made an audio files digital download called Salim
Alras Khaliji Loops and which is being sold by the Company.
2.2. The Company shall use the Artist’s name to sell the product.
2.3. The Company retain the right to sell the product through a third Party reseller.
3.1. Under this Agreement, the Artist’s contribution to the product shall act as their
equity in the Company.
3.2. The Company shall pay the Artist three thousand dollars ($300) upfront as
NOTE: In the unfortunate event that the Artist passes on or is unable, due to medical reasons or
any other reason, to make reasonable business decisions as regarding this Agreement, the Parties
mutually agree that the equity covered under this Agreement shall be forfeited.
The Parties agree to keep details of this Agreement and any other confidential information about
the business covered under this Agreement and the dealings of the Company confidential. The
Artist will not use the said information without prior written consent by the Company except;
The information is required by law.
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The information is already in the public domain.
5. GOVERNING LAW AND JURISDICTION.
5.1. This Agreement shall be governed by and construed in accordance with the laws
of _______ [State/Country]. Exclusive jurisdiction and venue shall be in _____________
5.2. This Agreement shall be binding upon and inure to the benefit of the Company
and the Investor and their respective successors and assigns, provided that neither may
assign any of their obligations under this Agreement without the other Party’s prior
IN WITNESS WHEREOF, this Agreement has been executed by the parties as of the Effective
Company/Name: ___________________ ___________________________________
Address: _________________________ ___________________________________
Phone Number: _____________________ ___________________________________
Email: ____________________________ ___________________________________
Signature: _________________________ ___________________________________