Common use of Business Entities Clause in Contracts

Business Entities. A. A corporation, partnership, LLC, or trust (collectively referred to as a “Business Entity”) may apply to be a Wellness Advisor. This Wellness Advisor business and position will remain temporary until the proper documents are submitted. The Business Entity must submit one of the following documents: Certificate of Incorporation, Articles of Organization, Partnership Agreement or appropriate Trust documents. In addition to one of the documents described above, Wellness Advisor shall also submit a “certificate of good standing” from the State of incorporation, or a similar document from a licensed CPA or Attorney attesting to said status. Magneceutical Health must receive these documents within ten (10) business days from the date of the Agreement’s execution. B. A Wellness Advisor may change their status under the same Sponsor from an individual to a partnership, LLC, corporation, trust or from one type of business entity to another. To complete said status change, Wellness Advisor must provide the related documentation described above in 2.6(a). C. A Wellness Advisor has a duty to notify the Company in writing, of any status change in the Business Entity, within 30 days of said change in status.