Project Contract

This Project Contract (“Contract”) is entered into by and between the parties involved in the collaborative project within Rezving Community (“Project”). The purpose of this Contract is to establish the terms and conditions governing the Project, including the following key provisions:

1. Project Objectives and Scope:

• The Project’s objectives and scope are defined in the project proposal or documentation specific to the initiative.
• All parties agree to work toward achieving these objectives and completing the defined scope.

2. Funding and Budget Details:

• Funding requirements and the Project’s budget are outlined in the project proposal.
• Funding may come from collaborators, sponsors, or other sources, and each party agrees to fulfill their financial commitments as specified.

3. Roles and Responsibilities of Project Team Members:

• Each project team member is assigned specific roles and responsibilities within the Project. These roles are detailed in the project proposal.
• Team members must fulfill their roles effectively and contribute positively to the Project’s success.

4. Profit-Sharing Arrangements:

• Profit-sharing arrangements are determined and documented in the project proposal.
• The Contract specifies the distribution of profits among collaborators, taking into account individual contributions and Project outcomes.

5. Project Milestones and Deliverables:

• The Project timeline, milestones, and deliverables are detailed in the project proposal.
• All parties are responsible for adhering to the Project schedule to ensure the successful completion of the Project.

6. Dispute Resolution Procedures:

• In the event of disputes or conflicts among collaborators or Project team members, a dispute resolution mechanism is in place as outlined in the project documentation.
• This mechanism may involve mediation, arbitration, or other agreed-upon procedures to address and resolve conflicts.

7. Amendments to the Contract:

• Parties acknowledge that changes to Project objectives, roles, responsibilities, or profit-sharing arrangements may occur during the course of the Project.
• Any proposed changes should be communicated, discussed, and documented for mutual agreement.

8. Termination of the Project:

• The Project may be terminated for various reasons, including successful completion, failure to meet objectives, or conflicts among collaborators.
• Parties agree to handle the termination process in accordance with the documented procedures.

By signing this Project Contract, parties involved in the Project affirm their commitment to achieving the Project’s objectives and adhere to the terms and conditions outlined herein. Successful collaboration within Rezving Community relies on effective communication, cooperation, and the dedication of all parties.

This Contract is effective as of 17/10/2023.