Form of the Partnership Agreement
Exhibit 10.6
Form of the Partnership Agreement
Party A: Fujian Lichen Management Consulting Limited
Address: Xxxx X0000, Xxxxx X, Xxxxx 0, Xxxxxxxx Xxxxx Plaza Commercial Complex, 000 Xxxxxxx Xxxxxx, Xxxxxxx Xxxxxx, Xxxxxxxx Xxxx, Xxxxxx Xxxxxxxx, XXX
Party B: Jinjiang Xingminqi Accounting Vocational Training School
Address: Xxx Xx Building, Qing Xxxx Xxxxxx, Xxxxxxxx Xxxx, Xxxxxx Xxxxxxxx, XXX
| I. | Agreement period |
This Agreement is with a fixed term of three-year from the date of the Partnership Agreement.
| II. | Payment |
Party B agrees to pay Party A the cooperation fee in the amount of RMB480,000 per year, payable by wire transfer to the bank account designated by Party A.
| III. | Scope of Education Support Services of Party A |
| 1. | Operational support: Party A agrees to provide market management support and assist Party B to launch its market operations in specified district agreed by both parties (“Specified District”). |
| 2. | Marketing support: Party A agrees to support Party B development in the Specified District and to ensure that Party A will not enter into similar partnership agreements with third parties who intend to conduct business in the Specified District without the consent of Party B. |
| 3. | Information support: Party A agrees to provide the relevant materials, including but not limited to the teaching and learning materials and market promotional materials in electronic form to Party B. |
| 4. | Planning support: Party A agrees to provide event planning proposals to Party B; however, Party B shall bear the expenses regarding implementing the proposals. |
| 5. | Human resource support: Party A agrees to provide training to Party B’s employees. Party B’s employees can attend Party A’s offices or a specified institution to undergo training. |
| 6. | Expert support: Party A agrees to arrange the external experts to conduct senior management courses and related public seminars; however, Party B shall bear the expenses regarding this support. |
| IV. | Scope of Obligations of Party B |
| 1. | Party B shall organize and manage its own teaching staff members, management, marketing, and customer service team. |
| 2. | Party B shall bear all civil liabilities with its own independent and full capacity. |
| 3. | Party B shall obtain all valid legal qualifications and licenses which enable it to engage in education training activities and launch education institutions or schools. |
| 4. | Party B shall act in consideration of the brand reputation of Party A. |
| V. | Confidentiality Clause |
Party B shall keep confidential all the information and materials it received from Party A. The confidentiality obligation will not be suspended due to the end or termination of the Agreement.
| VI. | Exclusivity |
Both parties will not enter into similar partnership agreements with third parties who intend to conduct business in the Specified District without the consent of the other party.
| VII. | Termination |
Party A may elect to terminate the Partnership Agreement if:
| (i) | Party B breaches the terms and conditions of the Partnership Agreement; or |
| (ii) | the shareholding of Party B has undergone changes without Party A’s prior written consent. |
Party B may terminate the Partnership Agreement if Party A is unable to deliver its services under the Partnership Agreement within a reasonable time after being urged by Party B.
| VIII. | Remedy |
If Party B breaches the terms and conditions of the Partnership Agreement, Party A will not return any fees already paid by Party B and the Party B has to pay us a sum equivalent to two years of service fees as a penalty.
If Party A breaches the terms and conditions of the Partnership Agreement, Party A will return the remaining portion of the fees paid which is proportionate to the remaining contract period under the Partnership Agreement to the Partnered Institutions.
| IX. | Miscellaneous |
This Agreement is written in duplicate with each party holding one copy. The Agreement will come into force upon execution or stamp of both parties.
Party A: Fujian Lichen Management Consulting Limited
Party B: Jinjiang Xingminqi Accounting Vocational Training School
The Agreement was signed on January 10, 2020.
