MANDATORY CONTRACT
concluded on the below stated day, month, and year, in accordance with the § 566 regulation and consecutively the 513/1991 Sb. law, the commercial code, as amended in the following regulations between:
first name, surname/company name: ......
date of birth/IČ: ......
address/base: ......
acting through the transactor: ......
(further referred to as “the Mandator”)
and
first name, surname/company name: ......
date of birth/IČ: ......
address/base: ......
acting through the transactor: ......
(further referred to as “the Mandatory”)
(both further referred to as “the Contracting parties”)
I.
The subject of the contract
1. By signing this contract, the Mandatory of this contract commits themselves to, for the account of the Mandator and for a consideration, by carrying out all the necessary legal and factual actions in arranging the following commercial transaction:
...... (further referred to as “the Transaction”).
2. Within the frame of the execution of the Transaction in accordance with this contract, the Mandatory particularly commits themselves to:
a) exercise legal acts in the name of the Mandator, namely ...... ;
b) exercise other acts, namely ......
3. The Mandant commits themselves to pay the Mandator the agreed consideration for the arrangement of the Transaction in accordance with this contract.
II.
The consideration
1. The Contracting parties have negotiated the consideration for the activities of the Mandatory in accordance with this contract in the amount of ...... Czk (in words...... Czech crowns), including VAT. This amount also includes all the expenses of the Mandatory connected with the exercise of their activity according to this contract.
2. The Mandator will pay the Mandatory the consideration within five days from the fulfilment of the commitment in accordance with this contract by a cashless payment into the Mandatory´s account number ......
3. In case of the Mandator´s overdue of the payment of the consideration in accordance with the previous article of this contract, the Mandator is obliged to pay the interest on late payment in the amount of ...... % of the amount for every day of being overdue.
III.
Obligations of the Mandatory
1. The Mandatory is obliged to proceed with the arrangements with professional care and to protect the interests of the Mandator.
2. The Mandatory is obliged to make the Mandator familiar with all the circumstances, which they come across during the exercise of their activity, and which can have an impact on the Mandator´s commands. The Mandatory can divert from the Mandator´s commands if it is necessary for the sake of the Mandator, and the Mandatory cannot receive the Mandator´s approval on time. The Mandatory is obliged to make the Mandator familiar with such proceeding subsequently, on the most immediate possible date.
3. The Mandatory is obliged to exercise their activities in personam.
4. The Mandatory is responsible for all the damage on things taken from the Mandator and necessary for the execution of the activities and on all things taken from third persons while exercising their activities, unless this damage could not have been avoided even by putting forth their professional care.
IV.
Obligations of the Mandator
1. The Mandator is obliged to provide the Mandatory with all the background papers, documents, and information needed or helpful for the arrangement of the Transaction in accordance with this contract. The Mandator also commits themselves to, by the request of the Mandatory, cooperate with the Mandatory.
2. The Mandator commits themselves to provide the Mandatory with the power to act on their behalf needed for the fulfilment of the Mandatory´s commitment in accordance with this contract.
V.
Life of the contract
This contract is concluded for a specified period of time, namely ......
VI.
Arbitration clause
All litigations originating from this contract will be decided by the International Arbitration Court at IAL SE, based in Bratislava, IČ: 44714181 (hereby referred to as “the Arbitration Court”), by one arbitrator appointed to their function by the chairman of the Arbitration Court. The procedure will be conducted in accordance with the remedial and corporeal law of the Czech Republic and the Rules of procedures of the Arbitration Court, was concluded as amended in the Commercial Bulletin. The address for service (as well as the venue of the arbitration procedure) are the quarters of IAL SE, organisational constituent Prague. IČ: 29031117.
VII.
Final regulations
1. This contract comes into validity and effect on the day the contract is signed by both Contracting parties.
2. This contract was drawn in two unvarying versions; each of the Contracting parties will receive one version.
3. By signing the contract below, the Contracting parties confirm that they read the contract before signing it, that they agree with the contents of the contract, and that the contract is composed according to their real and honest will, intelligibly and exactly, not in distress and not in remarkably inconvenient conditions.
In...... on...... In...... on.....
......
The MandatorThe Mandatory