Expense Sharing Agreement
Expense Sharing Agreement
Expense Sharing Agreement
This Expense Sharing Agreement (the “Agreement”) is entered into ___________________ (the “Effective
Date”) by and between Masaya Travel Agency (the “Company”) located at _________________________
and Mabuhay Studio Inc. (the “Company”) located at ___________________________, also individually
1. Expenses. The Masaya company agrees to reimburse the Mabuhay company for all expenses
incurred in the financials of Masaya company paid by Mabuhay company. All expenses must be
approved in writing. The Mabuhay company will not be liable to reimburse the Masaya company for
2. Term. The term of this Agreement shall commence on the Effective Date, as stated above, and
continue for ___________ days/months/years, unless otherwise terminated per the terms of this
Agreement.
3. Termination.
3.1. Either Party may terminate the Agreement at any time upon __ days prior written notice to
the other Party. In the event the Customer terminates the Agreement, the Customer shall
still remain obligated to pay the Service Provider for any Services performed up to the date of
termination and any expenses approved, but not paid, prior to the date of termination. In the
event the Service Provider terminates the Agreement, the Service Provider shall reimburse
the Customer any amounts previously paid to the Service Provider for which the Service
3.2. This Agreement will automatically terminate when both Parties have performed all of their
obligations under the Agreement and all payments have been received.
4.1. Assignment. The Parties may not assign their rights and/or obligations under this
Agreement.
4.2. Complete Contract. This Agreement constitutes the Parties entire understanding of their
rights and obligations. This Agreement supersedes any other written or verbal
communications between the Parties. Any subsequent changes to this Agreement must be
4.4. Waiver. Neither Party can waive any provision of this Agreement, or any rights or obligations
under this Agreement, unless agreed to in writing. If any provision, right, or obligation is
5. Notices.
All notices under this Agreement must be sent by email with read receipt requested or by certified or
registered mail with return receipt requested. Notices shall be sent as follows:
______________________________
______________________________
______________________________
______________________________
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The Parties agree to the terms and conditions set forth above as demonstrated by their signatures as follows:
Signed: _____________________________________
Name: _____________________________________
Date: _____________________________________
Signed: _____________________________________
Name: _____________________________________
Date: _____________________________________