Independent Contractor Agreement between European Home Development Inc. and Modern PVC Inc.

Summary

European Home Development Inc. (Owner) and Modern PVC Inc. (Contractor) have entered into a 12-month agreement starting November 14, 2011. Modern PVC Inc. will install PVC stretch ceilings at the Owner's property, providing all labor and materials for $17 per square foot. The Owner is responsible for obtaining necessary permits. Contractor will maintain the worksite and may use subcontractors but remains responsible for the work. Either party can terminate the agreement with written notice for reasonable cause. Payment is due within 30 days of invoicing, and disputes may be resolved in court.

EX-10.1 5 ex10-1.txt AGREEMENT Exhibit 10.1 INDEPENDENT CONTRACTOR AGREEMENT This Agreement is made between: European Home Development Inc. 260-B Holbrook Drive Wheeling, IL 60090 ###-###-#### ("Owner") and Modern PVC Inc. 51-01 39th Avenue Unit HH-12 Queens, NY 11104 ###-###-#### ("Contractor") The agreement is in force for twelve (12) continuous months commencing on November 14, 2011, the effective date Owner agrees to provide work to CONTRACTOR at Owners property. 1. Services to Be Performed Contractor shall furnish all labor and materials to install the PVC stretch ceiling on the Owner property. 2. Payment Owner shall pay Contractor for all labor and materials the sum of $17 per square feet. 3. Terms of Payment Upon completing Contractor's services under this Agreement, Contractor shall submit an invoice. Owner shall pay Contractor within 30 days from the date of Contractor's invoice. 4. Time of Completion The work to be performed under this Agreement shall commence on time to time basis and as needed by Owner. 5. Permits and Approvals Owner shall be responsible for determining which state and local permits are necessary for performing the specified work, and for obtaining and paying for the permits. 6. Limited Warranty Contractor warrants that all work shall be completed in a good workmanlike manner and in compliance with all building codes and other applicable laws. 7. Site Maintenance Contractor agrees to be bound by the following conditions when performing the specified work: Contractor shall remove all debris and leave the premises in a broom clean condition. At the end of each day's work, Contractor's equipment shall be stored in the Contractor location. 8. Subcontractors Contractor may at its discretion engage subcontractors to perform services under this Agreement, but Contractor shall remain responsible for proper completion of this Agreement. 9. Independent Contractor Status Contractor is an independent contractor, not Owner's employee. Contractor's employees or subcontractors are not Owner's employees. Contractor has the right to perform services for others during the term of this Agreement. 10. Insurance Contractor agrees to obtain adequate business liability insurance for injuries to its employees and others incurring loss or injury as a result of the acts of Contractor or its employees or subcontractors. 11. Terminating the Agreement With reasonable cause, either Owner or Contractor may terminate this Agreement effective immediately by giving written notice of cause for termination. Reasonable cause includes: nonpayment of Contractor's compensation after 20 days written demand for payment. Contractor shall be entitled to full payment for services performed prior to the effective date of termination. 14. Resolving Disputes If a dispute arises under this Agreement, any party may take the matter to court. If any court action is necessary to enforce this Agreement, the prevailing party shall be entitled to reasonable attorney fees, costs and expenses in addition to any other relief to which he or she may be entitled. 16. Notices All notices and other communications in connection with this Agreement shall be in writing and shall be considered given as follows: When delivered personally to the recipient's address as stated on this Agreement Owner: Contractor: By: /s/ Dmitry Lapan By: /s/ Vadims Horosevskis ---------------------------- --------------------------------- Dmitry Lapan/president Vadims Horosevskis/director