Legal ID Document

LEGAL IDENTIFICATION DOCUMENT

This Legal Identification Document (the "Document") is entered into as of by and between Issuer Name: , an entity of type Individual Corporation LLC Trust with principal address ("Issuer"), and Subject Name: , an entity of type Individual Corporation LLC Trust with principal address ("Subject"). Issuer and Subject are sometimes referred to herein individually as a "Party" and collectively as the "Parties."

Recitals

WHEREAS, Subject requires formal verification of certain legal identification particulars in order to complete transactions and regulatory or contractual obligations; and

WHEREAS, Issuer has reviewed, examined, and, subject to the representations and limitations set forth herein, is willing to certify the identification particulars of Subject to certain third parties or for the internal records of Issuer; and

WHEREAS, the Parties desire to set forth their respective rights and obligations with respect to the identification information provided and the use, retention, and certification of copies of identity documents.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the Parties agree as follows:

1. Definitions

For purposes of this Document, the following terms have the meanings set forth below:

"Identification Materials" means original or true copies of government-issued identification documents provided by Subject to Issuer, including but not limited to passport, driver’s license, state identification card, and any secondary supporting documents.

"Certification" means the written attestation by Issuer that, based upon Issuer’s review of the Identification Materials, the information recorded in Section 2 accurately corresponds to the Identification Materials examined by Issuer.

2. Identification Details

The following identification particulars are true and accurate to the best of Subject's knowledge and were presented to Issuer for review:

Passport Driver's License State ID Other

3. Certification by Issuer

Issuer certifies that it has examined the Identification Materials presented by Subject and that, to the best of Issuer's knowledge and based solely on such examination, the information set forth in Section 2 corresponds with the Identification Materials reviewed. Issuer's Certification is limited to the visual inspection of the Identification Materials and does not extend to independent verification of information contained therein unless expressly stated in writing.

Issuer shall not be liable for any errors arising from fraudulent or altered Identification Materials unless Issuer had actual knowledge of such fraud or alteration and failed to disclose that knowledge in writing at the time of Certification.

4. Representations and Warranties

Subject represents and warrants that the Identification Materials submitted to Issuer are true, complete, and unaltered copies of the original documents and that Subject is the person identified in such materials. Subject further warrants that it has authority to provide such materials and to permit Issuer to make and retain copies.

Issuer represents that it will perform a reasonable inspection of the Identification Materials in accordance with customary practices for such certifications and will record the date and nature of its examination in its records.

5. Use, Retention and Restrictions

Issuer may retain copies of the Identification Materials and any Certification in its records for a reasonable period as required by law, regulation, or Issuer's record retention policies. Subject consents to such retention for the purposes of compliance, recordkeeping, audit, or regulatory inspection.

Neither Party shall use the Identification Materials or Certification for any unlawful purpose. Any disclosure of Identification Materials to third parties shall be strictly limited to those recipients with a legitimate need to know and shall be subject to appropriate confidentiality safeguards.

6. Confidentiality

Each Party shall treat Identification Materials and Certifications as Confidential Information. Confidential Information shall not be disclosed except (a) to the extent required by applicable law or regulation, (b) to the Party's legal or professional advisors under confidentiality obligations, or (c) with the prior written consent of the other Party.

7. Indemnification; Limitation of Liability

Subject shall indemnify and hold harmless Issuer, its officers, agents and employees from and against any and all claims, liabilities, losses, damages, costs and expenses (including reasonable attorneys' fees) arising out of Subject's breach of its representations or warranties herein or arising from fraudulent or knowingly false Identification Materials.

EXCEPT FOR LIABILITY ARISING FROM GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING OUT OF OR RELATED TO THIS DOCUMENT.

8. Notices

All notices required or permitted under this Document shall be in writing and delivered to the addresses set forth below (or to such other address as a Party may designate in writing). Notices shall be deemed given upon personal delivery, upon confirmed delivery by courier, or three (3) days after deposit in the United States mail, postage prepaid.

9. Governing Law; Venue

This Document shall be governed by and construed in accordance with the laws of the state whose courts shall have exclusive jurisdiction over disputes arising hereunder. The Parties consent to the exclusive personal jurisdiction and venue of such courts for any suit or proceeding arising out of this Document.

10. Entire Agreement; Severability

This Document constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings and communications, whether written or oral. If any provision of this Document is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

11. Amendments; Waiver; Counterparts

No amendment, modification or waiver of any provision of this Document shall be effective unless in writing and signed by the Party against whom enforcement is sought. Failure to enforce any provision shall not constitute a waiver of that provision. This Document may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument.

12. Record of Examination

Issuer shall maintain a brief record of the Examination performed, including date of examination, identification document types inspected, and the name and title of the person performing the examination.

Sign Now