Common use of Identification of clients Clause in Contracts

Identification of clients. It is anticipated that this Agreement will be executed by the parties before the Principal has secured clients. Thereafter, the Principal shall notify IntelliVen at such times as it wishes to undertake a new client representation. IntelliVen will approve or not approve the potential client within two business days. If approved, the parties will promptly complete the attached Exhibit A identifying the client, the scope of the assignment and the fee sharing arrangement applicable to such client. In those instances where the Principal simply secures clients but does not perform work, the Principal shall receive 5% of revenues generated by such client in the following twelve months and an Exhibit A shall not be prepared.

Identification of clients. It is anticipated that this Agreement will be executed by the parties before the Principal has secured clients. Thereafter, the Principal shall notify IntelliVen at such times as it wishes to undertake a new client representation. IntelliVen will approve or not approve the potential client within two business days. If approved, the parties will promptly complete the attached Exhibit A identifying the client, the scope of the assignment and the fee sharing arrangement applicable to such client. In those instances where the Principal simply secures clients but does not perform work, the Principal shall receive 5% of revenues generated by such client in the following twelve months and an Exhibit A whether or not the principal performs any or all of such work. Similarly, in those instances where the Principal gains work secured by another IntelliVen party, that party shall not be preparedentitled to receive 5% of revenues generated by such client in the following 12 months.