Baumhaus (Party A) and Your Company (Party B), collectively known as the “Parties” each desire to enter into a mutually beneficial business relationship. This collaboration agreement is intended to serve as a legally binding contract governing the terms of that relationship.
Baumhaus Group Holdings, Ltd.
1/F Kar Yau Building
36–44 Queen’s Road East
Wan Chai, Hong Kong Island, Hong Kong
+852 2321 2919
The Parties wish to combine their resources to accomplish the following: Please complete in the form below.
Authority and Representation
Any and all significant decisions regarding this collaboration agreement require approval by all involved parties. Decisions will include, but not be limited to any and all decisions in regards to service eligibility, service nature, and any and all financial matters related to the above listed objectives.
The Parties shall each nominate a primary representative to act on their behalf in all matters related to this collaboration agreement. Chosen primary representatives shall be vested with the full ability to make decisions on behalf of their respective employers.
It is mutually understood that the Parties shall make every effort to ensure that all involved parties are fully aware of any pertinent facts related to the above listed objectives for the duration of this collaboration agreement.
Chosen primary representatives shall be responsible for keeping their respective employers abreast of any developments related to this collaboration agreement.
The following individuals have been appointed as chosen primary representatives for their respective employers:
Party B: Please complete in the form below.
Party A: Deanna Denham-Hughes for Baumhaus
The Parties shall equally share any staffing responsibilities related to this collaboration agreement. This includes providing personnel and financial resources to obtain additional personnel for the purpose of achieving the below listed objectives.
Should outside funding or credit be required to support the achievement of the above listed objectives, the Parties agree to procure such credit jointly, and share in the responsibility to repay such debt.
Should one party provide additional capital above and beyond their equal share, that capital shall not grant them additional interest or control over the collaboration. Instead, the capital shall be considered a loan and shall be repaid from the proceeds from the collaboration’s efforts.
Profits and Proceeds
All profits, proceeds, and other returns related to this collaboration agreement shall be distributed in the following manner:
Any agreed upon shared financial obligations shall be repaid using the proceeds from the collaboration’s efforts. This includes the above referenced excess capital contributions from either of the involved parties, as well as any agreed upon overhead costs associated with the project, such as compensation for managers, consultants, subcontractors, or equipment.
Any remaining profits or proceeds shall be distributed equally amongst the parties to this collaboration agreement, unless otherwise stated and approved by all parties in writing.
Events/Collaborations occurring in a Baumhaus Location
All parties and their staff are required to abide by all of the terms, conditions and policies of Baumhaus, including but not limited to: Sock requirement for all adults, no outside food on the premises and no food or beverages allowed in the Studio Classroom or Playroom. Full terms can be found on our website: https://www.baumhaus.com.hk/terms
If Party B needs to have equipment set up in the Studio Classroom, 14 days advance notice to Party A is required. Baumhaus reserves the right to refuse the use of additional equipment outside of approved classroom materials in order to protect the Studio Classroom from damage as well as preserve the cleanliness of the space for young children and infants.
All parties agree to promote the collaboration or Event through their respective marketing channels. Costs of said promotional efforts shall be shared among the collaborating parties, unless otherwise specified in writing. Marketing channels include, but are not limited to: flyers, Facebook Ads, and EDMs.
Please note: out of respect for our clients, we do not flood their inboxes with frequent marketing emails. For any given event, we will send out a maximum of 3 emails to our mailing list and client database.
No additional partners or subcontractors shall be hired or procured without prior written approval from both parties. The Parties agree that an independent consultant shall be hired to carry out a risk assessment prior to beginning any work related to this collaboration agreement.
Each participating collaborator will hold the option to revoke this agreement upon written notice no later than 14 days before termination date.
The minimum number of guest sign ups for this Event is four (4). Each participating collaborator will hold the option to cancel the event or collaboration if the minimum number of sign ups has not been reached one (1) week prior to the date of the Event, upon approval from all participating parties.
Any parties withdrawal from this agreement will terminate the agreement in its entirety including those made between other participating members. All remaining parties will have the opportunity to begin a new agreement upon termination of the current agreement.
This contract may be extended or amended only by written approval from all participating parties. The decision to amend or extend the agreement shall include the date of the amendment/extension, and the signatures of appointed representative of each participating organisation as well as any new terms and conditions amended or added to this agreement.
Each collaborator has had the ability to read and accept all conditions and terms listed above, and indicates full acceptance and approval of this collaboration agreement by signing electronically below. A copy of this agreement can be provided to you upon request.