Home

Intelligence

Services

Subscriptions

News

About Us

Sign In

 

Document Preview

Agreement

 

Click "Add to Cart" button to purchase document. 
Documents are emailed immediately after purchase. 
You can also browse documents by
title, category, or company... or click here for help finding documents.

 

Title:

Agreement

Entities:

Las Vegas From Home.com Entertainment Inc.

Date:

2006

Size:

20KB total

Price:

$35

ID:

#2545092

 

 

► Miscellany ► Memoranda ► Memoranda of Agreements
► Services ► Casinos & Gaming

 

 

Start of Preview





AGREEMENT

ACTION POKER GAMING INC.

and
 
MAHJONG SYSTEMS LIMITED

 
 

 


MEMORANDUM OF AGREEMENT



entered into between:


ACTION POKER GAMING INC.

A company duly incorporated under the laws of Antigua



and



MAHJONG SYSTEMS LIMITED

A company domiciled in the Turks and Caicos Islands that offers a centralised Mahjong Gaming System and manages the settling of winnings and losses between participants.





RECITALS

WHEREAS Action Poker Gaming Inc. (Action Poker) operates a gaming web site as part of their business;

AND WHEREAS Mahjong Systems Limited (MSL) is a company established to operate a centralised gaming engine and settlement system for the benefit of the customers of its partners;

AND WHEREAS Action Poker wishes to integrate a multi player mahjong game into its existing gaming web site ;

NOW THEREFORE the Parties agree to the following:

1.
DEFINITIONS
 
    Unless the contrary is clearly indicated, the following words and/or phrases, shall have the following meaning:
 

1.1
this / the Agreement
shall mean this written document together with all written appendices, annexures, exhibits or amendments attached to it from time to time by written agreement between the parties;
     
     
     
1.2
Commencement Date
shall mean the date on which the duly authorized representatives of the Parties affixes their signatures to the Agreement;
     
     
1.3
Confidential Information
shall mean the personal information of the Introduced Players, including personal information and play history;
     
     
1.4
Currency
shall mean (not limited to) United States Dollars or EUROs;
     
     
1.5
"Rake"
shall mean the share, in the Currency, of the winnings paid in each game that is collected by MSL as a fee for its service;
     
     
1.6
"MSL"
shall mean a company with registered address Mahjong Systems Limited, Britannic House, Providenciales, Turks and Caicos Islands, B.W.I herein represented by its duly authorized representative, Mr. Ian Sherrington;
     
 
 

 
     
     
1.7
"Introduced Players"
shall mean players of the Mahjong Games, introduced by Action Poker as recorded by the mahjong system;
     
     
1.8
"Mahjong Games"
shall mean the multi player Mahjong game and any other games that MSL may make available from time to time;
     
     
1.9
Parties
shall mean Action Poker and MSL;
     
     
1.10
Partners
shall mean all gaming systems that provide players and integrate with MSL in a manner similar to that contemplated in this agreement
;
   
     
1.11
Float
shall mean the funds held as Deposit by MSL and adjusted in the monthly settlement;
     
     
1.12
Float Amount
The amount of Float that is
   
agreed between MSL and Action Poker, as adjusted from time to time, and held by MSL to cover possible losses by Players;
     
1.13
Action Poker
shall mean Action Poker Gaming Inc., a company duly incorporated under the laws of Antigua, having its address for service under this Agreement at No. 6 Temple Street, P.O. Box2372, St.Johns Antigua;
     
1.14 Any reference to the singular includes the plural and vice versa;
     
1.15  Any reference to natural persons includes legal persons and vice versa;
   
1.16  Any reference to a gender includes other genders;
   
 1.17  The clause headings in this agreement have been inserted for convenience only and shall not be taken into account in its interpretation.

 


2. DURATION

2.1
The Agreement shall commence on the Commencement Date.

2.2
The Agreement will continue in force for a period of two years calculated from the Commencement Date and thereafter be renewed for further periods of three (3) years subject to either of the Parties right to terminate the Agreement, after the expiry of the initial two-(2)- year term, by giving one (1) months written notice.

 

End of Preview

 

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC