LEGACY INNOVATION GROUP'S —
FINANCE AGREEMENT

TABLE OF CONTENTS

1. Introduction

2. Eligibility for Conducting Business

3. Your Obligations

4. Credit Policy

5. Collection of Fees

6. Late Fees

7. Intellectual Property Rights

8. Amendments to this Agreement

9. Breach of this Agreement

10. Revocation of Access

11. Relationship

12. Disputes

13. Notices

14. Transfer of Rights and Obligations

15. Limitation of Liabilities

16. Indemnity

17. Waivers, Severability, & Survival

18. Governing Law

1.   INTRODUCTION

Welcome to Legacy Innovation Group, herein referred to as “Legacy Innovation Group”, “LIG”, “us”, “we”, and “our”.

The following is Legacy Innovation Group's Financial Agreement governing your financial transactions with Legacy Innovation Group.   By accepting the terms and conditions of this Agreement (including any linked information herein), and by summarily conducting transactional business with Legacy Innovation Group, you represent and warrant that you agree to comply with, and be bound by, the terms and conditions of this Agreement in the conduct of all business with us.   This Financial Agreement is effective upon acceptance.   If you do not agree to be bound by the terms and conditions of this Financial Agreement, then please refrain hereafter from conducting any business with Legacy Innovation Group.

Before you may engage in business dealings with Legacy Innovation Group, you must read, agree with, and accept this Financial Agreement.   You should likewise access and read all further linked information referred to in this Agreement, as such information may contain additional terms and conditions that apply to you as well.   Such linked information is hereby incorporated by reference into this Agreement.

You may engage Legacy Innovation Group in transactional business dealings by signing an Engagement Agreement with Legacy Innovation Group, by issuing a Purchase Order to Legacy Innovation Group, or by doing both.   All such means are considered to be binding and thereby subject to the terms and conditions of this Financial Agreement.

2.   ELIGIBILITY FOR CONDUCTING BUSINESS

Legacy Innovation Group conducts business with all manner of business entities around the world.

Legacy Innovation Group endeavors to ensure that all of its customers are fully capable of forming legally binding contracts with Legacy Innovation Group, and of fulfilling their duties and obligations under such contracts.

Any individual seeking to engage Legacy Innovation Group in transactional business dealings represents and warrants that they have the full authority to bind the business entity whom they represent to this Agreement, and that they and this business entity will both comply with the terms of this Agreement and with all applicable laws relating to the conduct of any business between the affected parties.

3.   YOUR OBLIGATIONS

Upon engaging Legacy Innovation Group in a business dealing, you agree to all of the following conditions:

  1. You will provide to Legacy Innovation Group true, accurate, current, and complete information concerning yourself, the business entity you represent, and the nature of the work associated with the business engagement (the “Engagement Information”).
  2. You are responsible for maintaining the confidentiality of, and restricting access to and use of, the information you provide to Legacy Innovation Group.   In no event will Legacy Innovation Group be liable for any direct, indirect, or consequential loss or loss of profits, goodwill, or damage whatsoever resulting from the disclosure of your information.
  3. You will treat any other customers’s information provided to you by Legacy Innovation Group (in accordance with this Agreement and Legacy Innovation Group's Privacy Policy) or any other customer as confidential.
  4. You will maintain and promptly update the Engagement Information to keep it true, accurate, current, and complete.   If you provide any information that is untrue, inaccurate, not current, or incomplete, or if Legacy Innovation Group has reasonable grounds to believe that such information is untrue, inaccurate, not current, or incomplete, or not in accordance with this Policy, without prejudice to any other rights and remedies of Legacy Innovation Group under this Policy or at law, Legacy Innovation Group reserves the right to amend or terminate in full the affected business engagement.
  5. Legacy Innovation Group may (in its sole discretion and at any time) make any inquiries it considers necessary (whether directly or through a third party), and request that you provide it with further information or documentation, to verify the information you have provided to us.   Without limiting the foregoing, such information or documentation may include the business entity's trade license, other incorporation documents, and/or documentation showing any person’s authority to act on the business entity's behalf.   You agree to provide any information and/or documentation to Legacy Innovation Group upon such requests.   You acknowledge and agree that if you do not, Legacy Innovation Group without liability may amend or terminate the affected business engagement.   Legacy Innovation Group also reserves the right to cancel engagements that have been inactive for more than six months.
  6. You will complete the affected business engagement in its entirety, as documented in the associated Engagement Agreement, unless both parties amicably agree that conditions have arisen that were beyond the parties' prior ability to know, and which change the nature of the underlying business need associated with the engagement.

4.   CREDIT POLICY

It is Legacy Innovation Group's Credit Policy to extend credit to established business entities on the assumption that said entities will pay all future invoices in full and in a timely manner, as they have so agreed in accordance with the terms and conditions of this Agreement.

Business entities who violate the terms of this Agreement by being delinquent in the payment of their invoices will have their credit removed by Legacy Innovation Group.   Once this has been done, these business entities will be required to pre-pay for any subsequent or future services to be rendered by Legacy Innovation Group and/or its subcontractors.

If a business entity continues to have outstanding, unpaid invoices, then late payment fees may be added to their invoices in accordance with the terms of this Agreement, and Legacy Innovation Group reserves the right to withhold from the business entity any further services until such time as the business entity has paid the affected invoices in full, including any late payment fees added thereto.

Newly-established business ventures without a prior credit history will be required to pay for Legacy Innovation Group's services up front, either in full or in part, as determined by Legacy Innovation Group in its sole discretion.

5.   COLLECTION OF FEES

You agree to pay all fees due to Legacy Innovation Group (as well as any applicable taxes or charges) via a valid form of payment within 30 days of the date of any invoice sent to you from Legacy Innovation Group (or within an alternative time frame if so established in the governing Engagement Agreement).

In case of non-payment of fees due and/or any applicable taxes and charges upon you to Legacy Innovation Group, without prejudice to any other rights and remedies of Legacy Innovation Group under this Agreement or at law, Legacy Innovation Group without liability reserves the right to take any of the following actions:

  1. Issue you a warning regarding the non-payment in question.
  2. Temporarily or indefinitely suspend, limit, or revoke your access to Legacy Innovation Group, and the delivery of services there from, if you fail to make the outstanding payment within seven (7) calendar days of Legacy Innovation Group issuing you a warning.
  3. For accounts over 30 days past due, deduct the amount owed from your current account balance (should such a balance exist) (and you acknowledge and agree to Legacy Innovation Group so doing in these circumstances) and confirm the same to you via email.
  4. Invoice you for a fixed late payment fee, according to the terms set forth in this Agreement.
  5. Take any steps Legacy Innovation Group deems necessary, including without limitation, legal action, for recovery of the outstanding fees and/or any applicable taxes and charges.

Legacy Innovation Group reserves the right to change any of its service fees at any time, either temporarily or permanently, without notification.   Such changes would apply only to future services yet to be delivered, and not to past services that have already been delivered or that are in process.

6.   LATE FEES

For invoices that are past due, resulting in delinquent payments to Legacy Innovation Group, Legacy Innovation Group may apply the following late payment fees to the affected invoices:

  1. For payments that are more than 30 days, but less than 61 days, past due, an amount equal to 2% of the unpaid portion of the affected invoice.
  2. For payments that are more than 60 days, but less than 91 days, past due, an amount equal to 5% of the unpaid portion of the affected invoice.
  3. For payments that are more than 90 days, but less than 121 days, past due, an amount equal to 10% of the unpaid portion of the affected invoice.
  4. For payments that are more than 120 days past due, an amount equal to 20% of the unpaid portion of the affected invoice.

7.   INTELLECTUAL PROPERTY RIGHTS

All copyrighted and/or trademarked properties of Legacy Innovation Group, as reflected in Legacy Innovation Group's web site, training materials, workshop materials, or any other sources, are without limitation the sole and exclusive intellectual property of Legacy Innovation Group.   This includes but is not limited to text, graphics, logos, button icons, images, audio clips, digital downloads, data compilations, and software.   These are protected in full by copyright, trademark, patent, or other intellectual property rights and laws.   Moreover, the compilation of these is also the exclusive intellectual property of Legacy Innovation Group and is likewise protected by copyright, trademark, patent, or other intellectual property rights and laws.

In no way whatsoever does your conduct of business with Legacy Innovation Group entitle you to any claim upon the intellectual properties belonging to Legacy Innovation Group.   You may use said materials in the conduct of your work with Legacy Innovation Group solely for the advancement of your business.

The intellectual properties of Legacy Innovation Group and all right, title, and interest in said intellectual properties are the sole property of Legacy Innovation Group, and are protected by United States copyright and trademark laws and international treaties.   Except for any limited licenses expressly granted to you by Legacy Innovation Group, Legacy Innovation Group reserves for itself and its licensors all other right, title, and interest.   Without limiting the foregoing, you may not reproduce, modify, display, sell, or distribute any of Legacy Innovation Group's intellectual properties, or use any of them in any other way for public or commercial purposes.

Legacy Innovation Group‘s intellectual properties may not be used in connection with any product or service that is not Legacy Innovation Group‘s nor in any manner that disparages or discredits Legacy Innovation Group.   All other trademarks not owned by Legacy Innovation Group that appear on Legacy Innovation Group's web site or in Legacy Innovation Group's materials are the property of their respective owners, who may or may not be affiliated with, connected to, or sponsored by Legacy Innovation Group.

8.   AMENDMENTS TO THIS AGREEMENT

You acknowledge and agree that Legacy Innovation Group may amend this Agreement at any time, at its sole discretion.

You acknowledge and agree that Legacy Innovation Group shall endeavor to give you notice for any amendment to this Agreement that materially increases your obligations or decreases your rights under the Agreement (“Substantial Amendment”) in accordance with the terms of this Agreement.

You acknowledge and agree that Legacy Innovation Group at its sole discretion and without liability may make amendments that are not Substantial Amendments without your further specific agreement at any time with immediate effect by posting a notice of the amendment on the Site.

9.   BREACH OF THIS AGREEMENT

Without prejudice to any other rights and remedies of Legacy Innovation Group under this Agreement or at law or otherwise, Legacy Innovation Group may immediately and without liability restrict your activity, warn other users of your actions, temporarily / indefinitely suspend, limit, or revoke your access to, and involvement with, Legacy Innovation Group if:

  1. You breach this Financial Agreement.
  2. Legacy Innovation Group is unable to verify or authenticate any information you provide to us.
  3. Legacy Innovation Group believes (in its sole discretion) that your actions may cause legal liability for you, other customers, or Legacy Innovation Group.

Legacy Innovation Group may at any time and at its sole discretion reinstate suspended customers.   A customer that has been indefinitely suspended may not publicly divulge their work with Legacy Innovation Group in any manner whatsoever until such time that said customer has been reinstated by Legacy Innovation Group.

Notwithstanding the foregoing, if you breach this Agreement, Legacy Innovation Group reserves the right to recover any amounts due and owed by you to Legacy Innovation Group or any losses and damages caused by you to Legacy Innovation Group and to take such steps, including legal action and/or the initiation of criminal proceedings against you, as Legacy Innovation Group in its sole discretion deems necessary and appropriate.   Our failure to act with respect to a breach by you or others does not constitute a waiver of Legacy Innovation Group‘s right to take any actions with respect to that, or subsequent or similar breaches.   Legacy Innovation Group does not guarantee that it will take action against all breaches that there may be of this Agreement.

10.   REVOCATION OF ACCESS

Without prejudice to any other rights and remedies of Legacy Innovation Group under this Agreement or at law or otherwise, Legacy Innovation Group may limit, suspend, or revoke your access to, and involvement with, Legacy Innovation Group at any time, without notice, for any reason, including without limitation, breach of this Agreement.

If Legacy Innovation Group finds it necessary to do this, then any services in process at that point in time will be terminated, and the customer will be invoiced for all work completed up to and including that point in time.

11.   RELATIONSHIP

None of the provisions of this Agreement shall be deemed to constitute a partnership or agency between you and Legacy Innovation Group, and you shall have no authority to bind Legacy Innovation Group in any manner whatsoever.

12.   DISPUTES

If any dispute, claim, controversy, or difference (including in relation to any tortious or statutory claim) (“Dispute”) arises out of or in connection with or in relation to this Agreement, including without limitation any question regarding the formation, existence, scope, performance, interpretation, validity, or termination of this Agreement or any part thereof, or any question regarding the legal relationships established by this Agreement or the consequences of its nullity, then the parties shall first attempt to settle the Dispute amicably through good-faith negotiations over a period of thirty (30) calendar days commencing on the date that a party first sends to the other party a written notice of said Dispute.

In the event that a Dispute has not been settled amicably by the relevant parties by the end of such thirty (30) day calendar period, jurisdiction for any claims arising under this Agreement shall lie exclusively with the state or federal courts within the State of Michigan.

13.   NOTICES

Except as explicitly stated otherwise, any notices to Legacy Innovation Group from you shall be given by you via email to Legacy Innovation Group at team@legacyinnova.com, with a physical copy sent to Legacy Innovation Group by courier.   Such notice will be deemed given upon confirmation of its receipt to you by Legacy Innovation Group via return email.

Any notices to you from Legacy Innovation Group shall be given by email to the email address provided to us within the Engagement Information, and shall be deemed to be received by you 48 hours after any such email has been sent.   Alternatively, we may give you notice by postal mail or prepaid shipping to the physical address provided to us within the Engagement Information.   In such cases, notice shall be deemed to be given seven (7) days after the date of said mailing.

14.   TRANSFER OF RIGHTS AND OBLIGATIONS

You hereby grant Legacy Innovation Group the right to, and irrevocably acknowledge and agree that Legacy Innovation Group may at any time, assign or transfer any or all part of its rights, benefits, obligations, or liabilities (whether express or assumed) under this Agreement to any of its affiliates without requiring your further specific agreement.   Legacy Innovation Group agrees to provide notification to you of such transfer using the means prescribed in this Agreement.

You may not at any time assign or transfer all or any part of your rights, benefits, obligations, or liabilities (whether express or assumed) under this Agreement without the prior written consent of Legacy Innovation Group.

No person who is not a party to this Agreement shall have any right to enforce any term of this Agreement.

15.   LIMITATION OF LIABILITIES

To the extent permitted by law, Legacy Innovation Group, its officers, employees, agents, affiliates, and suppliers shall not be liable for any loss or damage whatsoever whether direct, indirect, incidental, special, consequential, or exemplary, including but not limited to, losses or damages for loss of profits, goodwill, business, opportunity, data, or other intangible losses arising out of, or in connection with, your business dealings with Legacy Innovation Group, its services, or this Agreement (however arising, including negligence or otherwise, and whether or not Legacy Innovation Group has been advised of the possibility of such losses or damages).

If you are dissatisfied with Legacy Innovation Group for any reason whatsoever, your sole exclusive remedy is to discontinue your business dealings with Legacy Innovation Group.

16.   INDEMNITY

You agree to indemnify and hold Legacy Innovation Group and its affiliates, officers, employees, agents, and suppliers harmless from any and all claims, demands, actions, proceedings, losses, liabilities, damages, costs, expenses (including reasonable legal costs and expenses), howsoever suffered or incurred, due to or arising out of your breach of this Agreement, or your violation of any law or the rights of a third party.

17.   WAIVERS, SEVERABILITY, & SURVIVAL

This Agreement (as amended from time to time in accordance with the terms of the Agreement) sets forth the entire understanding and agreement between you and Legacy Innovation Group with respect to the subject matter hereof.

No waiver of any term of this Agreement shall be deemed a further or continuing waiver of such term or of any other term of the Agreement.

If any provision or clause of this Agreement is deemed by any court having competent jurisdiction to be invalid, void, or for any reason unenforceable, such provision or clause shall be deemed severable and shall not affect the validity and enforceability of the remaining provisions and clauses of this Agreement, which shall remain in full force and effect.

All provisions and clauses of this Agreement shall survive expiration/termination of your business dealings with Legacy Innovation Group.

18.   GOVERNING LAW

This Financial Agreement is governed by, and construed in accordance with, the laws of the United States.   This clause shall survive any expiration or cancellation of this Financial Agreement for any and all reasons.

If this Financial Agreement is translated into any language other than English, wherever said translation may reside, the English text shall prevail in all cases.

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