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MSA and Supporting docs
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Legal > Contracts

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The client has made the following changes to the job.

Description
Date

Job awarded.

Jun 27, 2012
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Job Description

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Invite-Only Job
  • Posted: Tue, Jun 19, 2012
  • Time Left: Closed
  • Location: Anywhere
  • Client prefers freelancers from:
    Anywhere

    You are still able to submit a proposal for this job.

    The client prefers freelancers from
    a different location.

    You're still able to submit a proposal for this job, regardless of your location.
  • Start: Immediately
  • Budget: $500 - $1,000
  • Fixed Price Job
  • Elance Escrow Protection
  • U.S. freelancers must have W9
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Here is the situation:
Basically the customer does not have the operating capital to pay us in full for this development. So we have agreed to accrue a loan to them based on billing rates and part of the loan can be converted into equity in their company or they can pay the loan off over a period of year. We have some milestones that they have to hit in terms of their sales and if they don't hit them we can either agree to give them more time or terminate the agreement.

I'm thinking that we can use the standard MSA with this client and include the following special provisions in the Statement of Work (SOW) associated with this particular project. Does this make legal sense to you? Also, because of the loan, i think we will need some additional documents to go with this such as a separate loan and promissory note with the terms as specified below, a personal guarantee for each of the principals to sign in conjunction with the note, and a confession of judgement for each one of t...

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Desired Skills
Contract Law
Job ID: 31342465
Proposals
Avg $ | High $ | Low $ — Show Pricing
  • Submit Date (Latest)

 Seychelles  |  
Winner
We are the only service provider that delivers quality services at cost-effective and reasonable rates. Our repeat customers, high ratings and...
10
  |  
 5.0   |  Private   |  13 Jobs
Bid ID: 31367971  |  Submitted: Jun 20, 2012 09:55 ET 
Delivery
Within 1 week
$547.95
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