Sober Management

Terms & Conditions

  1. Management Fee:

• The Client agrees to pay the Management Company a 15% monthly fee based on the revenue generated from the clients residing in the sober living group homes.

  1. Upfront Management Fee:

• The Client shall pay the Management Company an upfront management fee of $20,000. This fee can be paid in the following options:

• Two (2) monthly payments of $10,000 each, or

• Four (4) bi-weekly payments of $5,000 each.

• A retreat attendee discount of $5,000 is available, reducing the upfront fee to $15,000 if paid by Friday, October 25th, 2024.

  1. Escrow Deposit:

• The Client agrees to deposit $30,000 into an escrow account to be used for down payments, furnishing the properties, and the creation of a legal entity to hold and manage the properties in Detroit.

  1. Acquisition Guarantee:

• The Management Company guarantees the acquisition of at least one (1) property within six (6) months of the date of this Agreement. If this is not achieved, the Management Company agrees to continue working without additional fees until a property is acquired.

  1. Monthly Communication and Updates:

• The Management Company will provide the Client with regular updates on the acquisition and management progress through monthly communication on Trello. This will include updates on property acquisition, client screening, and any other relevant activities.

• The Client will have 24-hour access to on-site cameras and direct communication with the on-site management team.

  1. Termination and Cancellation:

• The Client has the right to cancel this engagement at any time after the first six (6) months of operations. Upon cancellation, the Client may choose to manage the properties independently.

• The Management Company may terminate this Agreement if the Client fails to meet financial obligations as outlined herein.

  1. Confidentiality:

• Both parties agree to maintain the confidentiality of all proprietary information and data disclosed during the term of this Agreement. This confidentiality obligation survives the termination of this Agreement.

  1. Liability and Indemnification:

• The Management Company and Client agree to indemnify, defend, and hold each other harmless from any claims, liabilities, damages, and expenses, including reasonable attorney’s fees, that may arise from the execution of this Agreement.

  1. Governing Law:

• This Agreement shall be governed by and construed in accordance with the laws of the State of Texas, without regard to its conflict of laws principles.

  1. Entire Agreement:

• This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements, discussions, and negotiations, whether oral or written, regarding the subject matter herein.

  1. Modification:

• Any amendments or modifications to this Agreement must be in writing and signed by both parties.

  1. Severability:

• If any provision of this Agreement is found to be unenforceable or invalid, the remaining provisions shall continue in full force and effect.