Grant Bounty Contract
Contract for Grant for Contribution to Open Source Project.
Effective Date ______ START_TIME
- THIS GRANT BOUNTY AGREEMENT is between __________________ PARTY1_NAME, PARTY1_KEY located in COUNTRY1, and _____________ PARTY2_NAME, PARTY2_KEY located in ______________ COUNTRY2.
THE PARTIES HEREBY AGREE:
- THE PURPOSE OF THIS CONTRACT is for ______ PARTY2_NAME to contribute __________ CONTRIBUTIONS, to be delivered on or before _______ EXPIRE_TIME.
2.1 The contributions requested are ______________ CONTRIBUTIONS.
2.2 ______ PARTY2_NAME must complete, sign and upload CONTRIBUTIONS to _________ PARTY1_ADDRESS by _______ EXPIRE_TIME.
3.1. ______ PARTY1_NAME agrees to pay _________ GRANT_TOTAL in ______ GRANT_UNIT.
3.2 ______ PARTY2_NAME agrees to receive payment at the following address: ______________ PARTY2_ADDRESS.
4.1. Any amendments to this Agreement shall be made in writing and signed cryptographically by both parties, including the amendments to the writing requirement stated in this provision.
- UNFORESEEN CIRCUMSTANCES
5.1. A party who is unable to perform a contract due to unforeseeable, unavoidable, and insurmountable circumstances is exempt from liability in part or in whole in light of the impact of the event. Where an event of force majeure occurs after a delay in performance, the party is not exempted from liability.
5.2. If _______ PARTY1_NAME or ______ PARTY2_NAME is unable to perform due to a force majeure event, it shall promptly notify the other party, so as to mitigate the loss that may be caused to the other party.
5.3. The impacted party will use diligent efforts to end the failure or delay and ensure the effects of the Force Majeure event are minimized. The impacted party will resume the performance of its obligations as soon as reasonably practicable after the removal of the cause.
- ANTI-MONEY LAUNDERING
6.1. The parties agree that this Agreement shall not be used for any illegal purpose.
7.1. All disputes of or related to the formation, performance, or execution of this contract, if not resolved by the parties, shall be submitted to the sole jurisdiction of _________ ARBITRATOR and agree to abide by the terms of the award, under the New York Convention on Enforceability.
8.1. Both parties agree to sign this contract with a cryptographic key, unique to each party. By signing this agreement, both parties represent that they are authorized to enter into this agreement.
The parties have executed this Agreement on the date and time stated in their cryptographic signatures.