The term of this Contract (the "Term") will begin on the date to be agreed upon will remain in full force and effect until the completion of the Services, subject to earlier termination as provided in this Contract. The Term may be extended with the written consent of the Parties.

CURRENCY

Except as otherwise provided in this Contract, all monetary amounts referred to in this Contract are in GBP.

PAYMENT

The Project Manager will charge the Client a following fee

Project Management and sourcing fee. Our fees vary on the contract size and duration. This is agreed prior to starting the purchase process. This is FIXED rate and will not change.

Payment Schedule:

• A deposit of 1% (the "Deposit") is payable by the Client upon the offer acceptance
• Rest of the fees of the purchase price to be paid on completion of purchase of the Property.

Invoices submitted by the Project Manager to the Client are due within 5 days of receipt.

The above Payment includes Value Added Tax.

The Project management fees exclude legal fees relating to the purchase of the property, legal fees arising to obtain consents, Refurbishment contractor/builder costs, costs to supply and fit material, surveyor and architect costs, building control costs, cost of furniture as well any cost arising during the purchase and refurbishment process.

The Client will be responsible for all income tax liabilities and National Insurance or SDLT contributions relating to the Purchase and Sale of the property and the client will indemnify the Project Manager in respect of any such payments required to be made by the Client.

In the event the Client decides to not go ahead with the refurbishment with the project manager’s team, the 5% fees are non-refundable as a significant amount of work goes in, including negotiating the best discount, conveyancing, obtaining freeholders’ consent and deal with legal departments, leading up to the purchase to completion point.

TRADE SECRETS

Trade secrets (the "Trade Secrets") include but are not limited to any data or information, technique or process, tool or mechanism, formula or compound, pattern or test results relating to the business of the Client, which are secret and proprietary to the Client, and which give the business competitive advantage where the release of that Trade Secret could be reasonably expected to cause harm to the Client.

The client agrees that they will not disclose, divulge, reveal, report or use, for any purpose, any Trade Secrets which the client has obtained, except as authorized by the Project Manager or as required by law. The obligations of confidentiality will apply during the Term and will survive indefinitely upon termination of this Contract.

OWNERSHIP OF INTELLECTUAL PROPERTY

All intellectual property and related material, including any Trade Secrets, moral rights, goodwill, relevant registrations or applications for registration, and rights in any patent, copyright, trademark, trade dress, industrial design and trade name (the "Intellectual Property") that is developed or produced under this Contract, will be the sole property of the Client. The use of the Intellectual Property by the Client will not be restricted in any manner.

RETURN OF PROPERTY

Upon the expiry or termination of this Contract, the Project Manager will return to the Client any property, documentation, records, or confidential information which is the property of the Client.

CAPACITY/INDEPENDENT CONTRACTOR

In providing the Services under this Contract it is expressly agreed that the Project Manager is acting as an independent contractor and not as an employee. The Contractor and the Client acknowledge that this Contract does not create a partnership or joint venture between them and is exclusively a contract for service.

RIGHT OF SUBSTITUTION

Except as otherwise provided in this Contract, the Project Manager may, at the Project Manager's absolute discretion, engage a third-party sub-contractor to perform some or all of the obligations of the Contractor under this Contract and the Client will not hire or engage any third parties to assist with the provision of the Services.

In the event that the Project Manager hires a sub-contractor:

• The client will pay the sub-contractor for its services
• For the purposes of the indemnification clause of this Contract, the sub-contractor is an agent of the Contractor.

AUTONOMY

Except as otherwise provided in this Contract, the Project Manager will have full control over working time, methods, and decision making in relation to provision of the Services in accordance with the Contract.

NOTICE

All notices, requests, demands or other communications required or permitted by the terms of this Contract will be given in writing and delivered to the Parties at the following addresses:

• Name:________________________________________________________________________
• Address:______________________________________________________________________

KVR Holdings Limited

146, Devonshire Road, Hornchurch, RM12 4LW or to such other address as either Party may

GOVERNING LAW

25This Contract will be governed by and construed in accordance with the laws of England.

SEVERABILITY

In the event that any of the provisions of this Contract are held to be invalid or unenforceable in whole or in part, all other provisions will nevertheless continue to be valid and enforceable with the invalid or unenforceable parts severed from the remainder of this Contract.

WAIVER

The waiver by either Party of a breach, default, delay, or omission of any of the provisions of this Contract by the other Party will not be construed as a waiver of any subsequent breach of the same or other provisions.

WHO WE ARE

Our website address is: https://www.kvrholdings.co.uk/

MEDIA

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