This Memorandum of Understanding (MoU) is entered into between PrepayWay AG, Haldenstrasse 5, CH-6340 Baar, Switzerland, and its various subsidiaries (hereinafter referred to as “PrepayWay”), and the Real Estate Professional, jointly referred to as “the Parties”.
The MoU covers all applications PrepayWay is currently developing and may develop in the future for the real estate industry in any country or region of the world.
This MoU does not create rights or obligations that could lead to a liability of either of the Parties to the other.
The strategic partnership becomes effective immediately with the exchange of this MoU. It shall be of unlimited duration. The strategic partnership can be terminated at any time by any Party giving 30 (thirty) calendar days of notice.
The Parties agree that the Strategic Partnership created by this MoU shall be subject to equitable rules and customs as expressed in the Common Frame of Reference of the European Union. Any disagreements between the Parties will be resolved amicably. If either side feels that negotiations cannot achieve an amicable resolution, it may call upon independent mediators or arbitrators to settle the dispute pursuant to the MedArb rules of the International Smart Mediation and Arbitration Institute.