Public Contract Portal Open for May
Each Debt Contract is composed of multiple individually executed Agreements, which are built on the standard transaction templates provided by the US Securities and Exchange Commission's public database.Β
Any "Capitalized Terms" have been clearly defined in its respective Agreement. In many cases, the standard business finance terminology has been replaced with definitions unique to Beast.Industries.
Each Agreement is signed separately, and the entire packet is signed as well on a summary page. This full collection of legal documents is referred to as the "Artifact of Erotic Humiliation" or the "Debt Contract."Β
Each Contract Variant includes a summary at the end which reiterates the most important terms of each of the separate Agreements. Clients initial next to each of these terms.
In order for any Contract to be legally binding, it must clearly define the "Valuable Consideration," or the actual THING that is being bought and sold. The type of Valuable Consideration varies greatly between Contract Security Levels and Variants.
Included in all Secured and Debt Building Class Contracts.
At these levels, clients are essentially paying for the Contract itself, and the legal rights to any and all communications with Beast.Industries and any records produced as a result.Β
Source Material: Intellectual Property Transfer Agreement
Included in all Secured and Debt Building Class Contracts.
Clarifies the nature of the business relationship, and ensures that all transactions between the client and Beast.Industries are correctly reflected on their Account. For example, a contracted client who purchased something from the online wishlist would have that amount reflected in their Term Engagement Level. Individual details of the Agreement vary depending on Contract Security Level and Variant.Β
Source Material: Purchase Agreement
Included in most* Unsecured Contracts.
This is the original Beast.Industries Debt Contract. Clients are paying for a weekly or monthly Erotic Humiliation Service. It is essentially a month-to-month Contract, with varying types of cancellation penalty.
*Some Unsecured Contracts are based on an Artifact Purchase Agreement with a cancellation clause added, instead of a Service Contract Agreement. It depends on when the Contract was produced.
Source Material: Professional Services Agreement
Included in all Debt Builder Contracts. Creates the additional Debt Account, by charging a management fee for processing each modal payment. The default Debt Building Ratio is 100%, so for that every $1.00 a client pays on their standard Installment Agreement, their Secured Debt Account increases by $1.00. The debt matures by default, upon successful termination of the Contract.
Source Material: Management Fee Agreement
Included in all Bonded Contracts. Outlines the process through which the Bonders are notified of nonpayment.
Source Material:Β Master Service Agreement
Included in all Custom Debt Building and VIP Contracts. Also included in any Contract Variants with an Inconvenience Fee, Quarterly Compounded Interest or other customization. Outlines special fees and interest.
Source Material: Services Frame Agreement
Included in all VIP Contracts. Outlines the service that is being provided and what happens if client misses payments.
Source Material: Master Agreement for Patrol and Guard Services
Included in all Variable Debt Builder Contracts. Gives Beast.Industries the authority to modify the terms of the Contract.
Source Material: Management and Operations Agreement
The Installment Payment Agreements determine the schedule and timeline of payments. They are only included in Contracts on the "Artifact Debt Chassis," where the client is paying for intellectual property. They are not included in Contracts on the "Service Debt Chassis" where clients are instead paying for a service.
Included in all Secured and Debt Building Class Contracts.
Takes the balance from the Artifact Purchase Agreement and grants the client weekly or monthly installment payments over a predetermined term. If the client defaults, the Installment Payment Agreement is no longer valid, and the entire balance of their debt is sent to collections.
Source Material: Installment Payment Agreement
Included with all Debt Builder Riders, in ADDITION to the Artifact Installment Payment Agreement. Outlines the special terms for the payment of the additional Secured Debt on the Debt Maturity Date.
Source Material: Same as Artifact Installment Payment Agreement
Included in Bonded Contracts with an Artifact Requirement. Same as the Artifact Installment Payment Agreement except that clients are in default if any artifact submissions are missed.
Source Material: Same as Artifact Installment Payment Agreement
These stand-alone agreements protect BOTH parties throughout the duration of the relationship, and do not simply end when the Contract terminates.
Included in all Contracts. It's a bi-directional agreement that protects both parties.
The penalties for a client violating the agreement vary depending on Contract Security Level. Secured Contracts include a fine.
A Standard Confidentiality Agreement may be signed by prospective clients here.
Source Material: Confidentiality Agreement
Included in all except Unsecured Contracts. It's a bi-directional agreement that protects both parties from lawsuits.
Like with the Confidentiality Agreement, the penalties for a client violating the agreement vary depending on Contract Security Level.Β
In all cases, arbitration as brought within terms of the Agreement must occur in-person, within 50 miles of Beast Industries home office in Milwaukee Wisconsin, USA.
Source Material: Arbitration Agreement
Included in all except Unsecured Contracts. It's a bi-directional agreement that protects both parties from lawsuits.
Source Material: Indemnification and Hold Harmless Agreement
Included in Forced-Renewal Bonded Contracts. Gives Beast.Industries the authority to modify the terms of the in-force Contract.
Source Material: Services Frame Agreement
Secured Contracts include payment details in the signature packet, so that on signing day, clients only have one single step and one single packet to execute. Unsecured Contracts do not include payment information in the packet.
The card authorization form uses the basic industry standard required information plus some clarifying details to explain how payments are drafted.
A Manual Card Authorization form can be seen here.
Source Material: Credit Card Payment Form
Clients who elect to pay with Bank Draft (ACH) also complete a Manual Card Authorization for use as a backup payment method.
A Bank Draft Authorization can be seen here.
Source Material:Β ACH Payment Voucher