International
Pilates
Residency
Agreement
_____________
and International Pilates do not represent each other in any way and assume
all legal obligations and liabilities as independent agents
Pilates Studio name
including
but not limited to tax withholdings. Agreed; _______________
Pilates
studio owner initials
_____________
agrees to provide space
in its Pilates areas for a minimum of one hundred sixty two (162) hours* of
class time plus 288 hours of Open Studio Time** to
Pilates Studio name
International Pilates
for the sole purpose of conducting its Pilates education program from; __________,
to __________.
Agreed; _______________
beginning date
ending date
Pilates studio owner initials
_____________
agrees that International
Pilates reserves all rights to its Pilates education program and materials including
but not limited to documents or
Pilates Studio name
recordings. Agreed; _______________
Pilates studio owner initials
_____________
and
all agents must perform professionally, hold to a previously agreed upon schedule,
provide its 'Rules & Regulations' and post a weekly schedule of
Pilates
Studio name
its
‘Open Studio
Time’. Agreed; _______________
Pilates
studio owner initials
International Pilates understands that ___________
may incur liabilities and/or operation expenses as the Pilates studio provider
however, International Pilates
Pilates Studio
name
does not accept responsibility for liabilities
or operation expenses incurred by
____________.
____________
hereby accepts full responsibility
Pilates Studio name
Pilates
Studio name
of any expenses and all liabilities it may incur in participation with this
agreement. Agreed; _______________
Pilates studio owner initials
_____________
understands that International
Pilates may incur liabilities and/or operation expenses as the Pilates education
program provider however,
Pilates
Studio name
_____________
does not accept responsibility
for liabilities or operation expenses incurred by International Pilates or its
independently contracted instructors.
Pilates Studio name
International
Pilates hereby accepts full responsibility
of any expenses and all liabilities it may incur in participation with this
agreement. Agreed; __________
IP legal rep initials
_____________
must have pre approval by
International Pilates of; workshop schedules, fees charged to the enrolled students,
advertisements and promotional
Pilates Studio name
materials. ____________
must enroll a minimum of
eight [8] paying students. _____________
shall provide: names, addresses, phone numbers, and a
Pilates
Studio name
Pilates
Studio name
copy of identification of each enrolled student to International Pilates
_____________
agrees to collect all Pilates education program enrollment payments
Pilates Studio name
from students. Agreed; ____________
Studio owner initials
____________
will not collected any additional charges and or fees (including but not limited
to, retesting, rescheduling or private tutoring fees) from any of the enrolled
Pilates
Studio name
students
of the Pilates education program or International Pilates under any circumstances
including but not limited to legal fees or court costs in the event of legal
actions taken by any party affected by this agreement. Agreed; _____________
Studio
owner initials
_____________ agrees to pay
2/3 of the total revenues collected from the enrolled students of this Pilates
education program to International Pilates before
Pilates
Studio name
or on __________, for fulfillment of its obligatory
responsibilities whether stated or implied in entirety under this agreement.
Agreed; ___________
ending date
Studio owner initials
International
Pilates agrees to dedicate a 1/2 of the payment stated above for instructor
fees and 1/2 as Scholar Awards for qualifying students and thereforetherefore
dissolves _____________ of any future financial responsibilities to independent
contract instructors after it makes the above stated payment
in full. Agreed; ________
Studio name
IP legal rep initials
_____________
will retain 1/3 of the total
enrollment revenues collected, from the students of this Pilates education program
for fulfillment of its obligatory responsibilities Pilates
Studio name
under this agreement. Agreed; ___________
Studio owner
initials
This note shall be at the option of any holder thereof be immediately
due and payable upon the occurrence of any of the following: 1) Failure to make
any payment due hereunder within days of its due date. 2) Breach of any condition
of agreement of this note. 3) Breach of any condition of any loan agreement,
security agreement or mortgage, if any, having a priority over any loan agreement,
security agreement or mortgage on collateral granted, in whole or in part, as
collateral security for this note. 4) Upon the death, incapacity, dissolution
or liquidation of any of the undersigned, or any endorser, guarantor to surety
hereto. 5) Upon the filing by any of the undersigned of an assignment for the
benefit of creditors, bankruptcy or other form of insolvency, or by suffering
an involuntary petition in bankruptcy or receivership not vacated within thirty
(30) days. In the event this note shall not be in default and placed for collection,
then _____________ the undersigned agrees to pay all reasonable attorney fees
and
Pilates Studio name
costs
of collection. Payments not made within thirty days of due date shall be subject
to a late charge of 9% of said payment. All payments hereunder shall be made
to such address as may from time to time be designated by any holder, or in
person, directly to a legal representative of International Pilates Agreed;
________
Studio
owner initials
The undersigned
_____________,
agrees to remain fully bound until this note shall be fully paid and waive demand,
presentment and protest and all notices hereto and
Pilates Studio name
further agree to remain
bound notwithstanding any extension, modification, waiver, or other indulgence
or discharge or release of any obligator hereunder or exchange, substitution,
or release of any collateral granted as security for this note. Agreed; ___________
Studio owner initials
No modification or indulgence by any holder hereof shall be binding
unless in writing: and any indulgence on any one occasion shall not be an indulgence
for any other or future occasion. Any modification or change in terms, hereunder
granted by any holder hereof, shall be valid and binding upon each of the undersigned,
and each of the undersigned does hereby irrevocably grant to each of the others
a power of attorney to enter into any such modification on their behalf. The
rights of any holder hereof shall be cumulative and not necessarily successive.
This note shall take effect as a sealed instrument and shall be construed, governed
and enforced in accordance with the laws of the State, Province or Country where
it was initiated. Agreed: ___________
Studio owner initials
Termination of this agreement will be in effect thirty [30] days
after either party to this agreement receives written notice via certified mail,
or the termination of this agreement will be automatically enacted if _____________
fails to enroll a minimum of eight [8] paying students, or the termination of
this agreement will be automatically
Pilates Studio name
enacted at the end of the International Pilates workshop and all payments are
made in full.
The above standing in its two-page entirety
is hereby agreed upon in the State
of _________________ , Province or Country of _______________________ .
_______________________________________________, ___________________________________________________________,
_________
Owner signature; Legal representative of
Pilates Studio name,
Address
Date
___________________________________________________, ________________
International Pilates legal representative signature
Date
*162 Hours of Class Time:
Forty eight (48) hours of the time stated above must be made available for exclusive
use (i.e. no clients are allowed access to the Pilates dedicates areas) for
eight (8) weekends; at a minimum of six (6) hours each. These weekend classes
must fall within the hours of 9 am and 8 pm and the first two and the last two
weekends must be consecutive. The remaining four (4) weekends must be spaced
sequentially, approximately one weekends per month. The balance of One Hundred
and Fourteen (114) Hours will dedicated to lectures, practical application,
labs, guest speakers and testing. The Pilates studio may decide which days and
times will be available to International Pilates, but must provide an acceptable
schedule to International Pilates at least two (2) weeks prior to beginning
the program.
**288 Hours of Open Studio Time:
Available hours the enrolled students may use the Pilates studio areas non exclusively
and at no extra cost, for self practice, practice teaching, community outreach
programs, research or to observe other Pilates instructors teaching clients
without International
Pilates or instructor supervision.
Any
changes or exclusions to this document must he cosigned and dated by both participating
parties of this agreement.