SCHEDULE 1 - DICTIONARY
In this Agreement:
Business Days means a day which is not a Saturday, Sunday, a public holiday
or a bank holiday in the place where the Services are to occur;
Claims means, in relation to a person, a claim, demand, remedy, suit, injury,
damage, loss, cost, fine penalty, liability, action, proceeding, right of action,
chose in action, claim for compensation or reimbursement or liability incurred
by or to be made or recovered by or against the person, however arising and
whether ascertained or unascertained, or immediate, future or contingent;
Client Services Agreement means an agreement entered into between Clue
Commercial and the Referred Client where the Referred Client has agreed to
Clue Commercial's terms and conditions to provide the Services;
Commencement Date means the date set out in Item Error: Reference source not found of Error: Reference source not found ;
Confidential Information means:
(a) all processes, systems, procedures, databases, manuals, notes, know
how, client lists, client details, client contracts or any other verbal
information or written data concerning a party or their operation and
marketing;
(b) all business and financial information and business records; or
(c) any information that would otherwise at law be considered secret or
confidential information;
whether or not marked confidential BUT does not include information which:
(a) at the time of first disclosure by a party is already in the public domain;
and
(b) after disclosure to a party, becomes part of the public domain otherwise
than by disclosure in breach of the terms of this Agreement;
Contact Details means the contact details of any Referred Clients of the
Referrer;
Contract means where a Referred Client has agreed to the Referrer's terms and
conditions of engagement for the Referrer Services or any of them including any
replacement, assignment, variation or novation thereof or ancillary agreements
arising under or by reason thereof;
Insolvency Event means the occurrence of any one or more of the following
events in relation to a party:
(a) an application is made to a court for an order that it be wound up,
declared bankrupt or that a provisional liquidator or receiver or receiver
and manager be appointed, unless the application is withdrawn, struck out
or dismissed within 21 days of it being made or any a writ of execution is
levied against it or its property;
(b) a liquidator or provisional liquidator is appointed;
(c) an administrator or a controller is appointed to any of its assets;
(d) it enters into an arrangement or composition with one or more of its
creditors, or an assignment for the benefit of one or more of its creditors
where the person is unable to pay their debts as and when they fall due;
(e) it proposes a reorganisation, moratorium, deed of company arrangement
or other administration involving one or more of its creditors, or its
winding up or dissolution;
(f) it is insolvent as disclosed in its accounts or otherwise, or it is insolvent
under an applicable law;
(g) it becomes an insolvent under administration as defined in section 9 of the
Corporations Act;
(h) it fails, or is taken to have failed, to comply with a statutory demand as a
result of section 459F(1) of the Corporations Act; or
(i) anything occurs under the law of any jurisdiction which has a substantially
similar effect to any of the above paragraphs of this definition.
Intellectual Property (IP ) or Intellectual Property Rights (IPR) means all
intellectual property or all intellectual property rights, registered or
unregistered, including but not limited to the following rights:
(a) patents, copyright (including software), registered designs, trade marks,
know-how, inventions and the right to have confidential information
kept confidential; and
(b) any application or right to apply for registration of any of the rights
referred to in paragraph (a) above;
Introduced means during the Term, a person, company, entity or their
Associates were first advised as to the existence of Clue Commercial or were
recommended the Services by the Referrer and or consented to the Referrer
providing their Contact Details to Clue Commercial and includes the Referred
Client using the Services. Introduce and Introduction shall the same
meaning;
Lender means all banks, private equity providers, financial institutions and/or
other entities who are authorised and accredited to provide finance, a Loan or
other similar financial facilities;
Loan refers to any loan obtained from a Lender obtained by the Clue
Commercial on behalf of the Referred Client;
Loan Application refers to application(s) for the Loan which is made by Clue
Commercial on the Referred Client's behalf under the Client Services
Agreement;
Loan Offer refers to any offer made by the Lender to the Referred Client for a
Loan;
Method of Payment means the agreed payment terms of the Referral Fees
as set out in Item 7 of Schedule 3;
Privacy Laws means the Privacy Act 1988 (Cth) as amended, any
corresponding State and Territory Acts, rules and regulations, as amended
from time to time and the National Privacy Principles, as amended from time to
time;
Professional Business Standards means the professional expectations the
Referrer must comply with under relevant legislation, regulations, codes of
conduct and general industry procedures in undertaking the Referrer Services;
Referral Fees means the fees described in Item 6 of Schedule 3 payable by Clue Commercial to the Referrer in accordance of this Agreement, being;
- Whereby the Referrer provides a name, mobile number and email address and brief account of the Referred Client to Clue Commercial, where Clue Commercial undertakes the full Loan Application process, Clue Commercial will pay 30% (inclusive of GST) of the net upfront commission and net trail commission received by Clue Commercial from the Lender.
Referred means that a person or entity is Introduced by the Referrer during
the Term and uses the Services and
Refer and
Referral shall have the same
meaning;
Referred Client(s) means a person(s) or entity referred by the Referrer to
Clue Commercial or any related entity of Clue Commercial . A person will be
referred even if at any time they do not use the Services of the Clue
Commercial in the future;
Referrer means the person or entity set out in Item 2 of Schedule 3;
Referrer Services means the Services provided by the Referrer set out in
Item 4 of Schedule 3;
Services means the services to be provided or procured by Clue Commercial
set out in Item 3 of Schedule 3;
Settlement refers to the date of which drawdown of the Loan occurred.
Term means from the Commencement Date until terminated in accordance
with clause 1; and
Third Party Rebates means any payments due and payable to Clue
Commercial in connection with the Services from any Third Party which
includes but is not limited to Lenders, intermediaries, valuers, authorities,
accountants, credit reporting agencies and corporations that Clue Commercial
engages and/or liaises with in connection with the Services.
SCHEDULE 2 - INTERPRETATION
In this Agreement the following rules of interpretation apply unless the contrary
intention appears:
(a) headings are for convenience only and do not affect the interpretation of
this Agreement;
(b) the singular includes the plural and vice versa;
(c) where a word or phrase is given a particular meaning, other parts of
speech and grammatical forms of that word or phrase have corresponding
meanings;
(d) a reference to:
(i) a person includes a natural person, partnership, joint venture,
government agency, association, corporation or other body
corporate;
(ii) a party includes its successors, executors, administrators, and
permitted assigns;
(iii) a clause, term, party, schedule or attachment is a reference to a
clause or term of, or party, schedule or attachment to this
Agreement;
(iv) this Agreement includes all schedules and attachments to it;
(v) a law includes a constitutional provision, treaty, decree, convention,
statute, regulation, ordinance, by-law, judgment, rule of common
law or equity and is a reference to that law as amended,
consolidated or replaced;
(vi) an agency or body means, if that agency or body ceases to exist,
any reconstituted or renamed agency or body or, failing that, the
agency or body which most closely performs the previous functions
of such agency or body;
(vii) a monetary amount is in Australian dollars;
(e) when the day on which something must be done is not a Business Day,
that thing must be done on the following Business Day;
(f) where a day on which something must be done is specified, that obligation
must be done by 4:00pm on that day unless otherwise specified and if
done after 4.00pm on that day, it is taken to be done on the next day;
(g) in determining the time of day, where relevant to this Agreement, the
relevant time of day is:
(i) for the purposes of giving or receiving notices, the time of day where
a party receiving a notice is located; or
(ii) for any other purpose under this Agreement, time is Australian
Eastern Standard Time (AEST);
(h) no rule of construction applies to the disadvantage of a party because that
party was responsible for the preparation of this Agreement or any part of
it; and
(i) this Agreement binds a party's liquidators, receivers, managers and
administrators.