(Party 1andParty 2hereinafter jointly referred to as the "Parties" and individually as the "Party")
NOW THEREFORE, THE PARTIES HAVE AGREED AS FOLLOWS:
IN CONSIDERATION OF -add valit wording- , both Parties agree to keep, perform and fulfil the promises and conditions set out in this Agreement:
IN CONSIDERATION OF the mutual benefits and obligations set forth in this Agreement, the receipt and sufficiency of which consideration is hereby acknowledged, the parties to this Agreement agree as follows:
By means of this Agreement the Parties provide for mutual rights and obligations during the cooperation of the Parties, and they agree to cooperate with each other in accordance with this Agreement and exercising due care and to respect all rights and fulfil all obligations set forth herein.
The compensation under this section4.of this agreement (the "Compensation")Value Added Tax (VAT).
Each Party will be responsible for all own income tax liabilities and National Insurance or similar contributions relating to the Compensation and each Party will indemnify the other Party in respect of any such payments required to be made by each Party.
The Parties will be invoiced every .
Invoices submitted by each Party to the other Party are due withindays of receipt.
Penalties for Late Payments
Any late payments will trigger a fee of% peron the amount still owing.
Term of Agreement
The term of this Agreement (the 'Term') will begin on the date of this Agreement and will remain in full force and effect
may terminate this Agreement prior to the completion of the Services.
In the event thateither Partywishes to terminate this Agreement prior to_____, such Partywill be required to providedays written notice to the other Party.
The Term of this Agreement may be extended with the written consent (including email) of the Parties.
Should be any Party indemnified?
Except to the extent paid in settlement from any applicable insurance policies, and to the extent permitted by applicable law, the Party 1 agrees to indemnify and hold harmless the Party 2, and its respective affiliates, officers, agents, employees, and permitted successors and assigns against any and all claims, losses, damages, liabilities, penalties, punitive damages, expenses, reasonable legal fees and costs of any kind or amount whatsoever, which result from or arise out of any act or omission of the Party 1, its respective affiliates, officers, agents, employees, and permitted successors and assigns that occurs in connection with this Agreement.
Information shall be kept confidential by
The Parties acknowledgethat, in any positionany Partymay hold, in and as a result of the cooperation under this Agreement,any Partywill, or may, be making use of, acquiring or adding to information which is confidential to theother Party(the 'Confidential Information') and the Confidential Information is the exclusive property of thesuch Party.
The Confidential Information will include all data and information relating to the business and management ofany Party, including but not limited to:
Proprietary and trade secret technology;
Accounting records to which access is obtained by theother Party;
Work product information, including but not limited to, work product resulting from or related to work or projects performed or to be performed forany Partyor for clients orany Party, of any type or form in any stage or actual or anticipated research, development and innovation;
Computer software resulting from or related to work or projects performed or to be performed forany Partyor for clients ofany Party, of any type or form in any stage of actual or anticipated research, development and innovation, including but not limited to, programmes and programme modules, routines and subroutines, flowcharts, coding sheets and the like, source code, object code and load modules, programming, programme patches and system designs;
Information relating to the property rights ofany Partyprior to any public disclosure of such information, including but not limited to, the nature of the proprietary rights, production data, technical and engineering data, test data and test results, the status and details of research, development and innovation of products and services and, information regarding acquiring, protecting, enforcing and licensing proprietary rights, including patents, utility patents, copyrights, designs and trade secrets,
Operational information, including but not limited to, internal personnel and financial information, vendor names and other vender information, including vendor characteristics, services and agreements, purchasing and internal cost information, internal services and operational manuals and, the manner and methods of conducting the business ofany Party;
Marketing and development information, including but not limited to marketing and development plans, price and cost data, price and free amounts, pricing and billing policies, quoting procedure, marketing techniques and methods of obtaining business, forecasts and forcast assumptions and volumes and, future plans and potential strategies ofany Partywhich have been or are being considered;
Customer information, including, but not limited to, names of customers and their representatives, contracts and their contents and parties, customer services, data provided by customers and the type, quantity and specifications of products and services purchased, leased, licensed or received by customers ofany Party;
Any information that has been disclosed by a third party toany Partyand is governed by a non-disclosure agreement entered into between that third party and theother Party;
The Parties agreeto keep all Confidential Information absolutely confidential and protect its release from the public.The Parties agreenot to divulge, reveal, report or use for any purpose, any of the Confidential Information whicheach Partyhas obtained or which was disclosed toother Partybysuch Party.
The Parties agreethat if there is any question as to such disclosure theneach Partywill seek out theother Partyprior to making any disclosure of the Confidential Information.
The Parties agree and acknowledgethat the Confidential Information is of a proprietary and confidential nature and that any disclosure of the Confidential Information to a third party in breach of this Agreement cannot be reasonably or adequately compensated for in money damages, would cause irreparable injury to theother Party, would gravely affect the effective and successful conduct of the business and goodwill of theother Partyand would be a material breach of this Agreement.
Each Partymay disclose any of the Confidential Information:
To the extent required by law or by the request or requirement of any judicial, legislative, administrative or other governmental body;
To a third party where theother Partyhas consented in writing to such disclosure;
If any Partyloses or makes unauthorised disclosure of any of the Confidential Information, thesuch Partywill immediately notify theother Partyand take all reasonable steps necessary to retrieve the lost or improperly disclosed Confidential Information.
Each Party agrees that before expiry or termination of this Agreement and for a period ofafter the end of this Agreement, any Party will not, directly or indirectly, as employee, sole proprietor, director, partner, owner, conlsultant, agent, founder, co-founder, co-venturer, member or otherwise, solely or jointly with others engage in any business that is in competition with the business of the other Party within any geographic are in which the other Party conducts its business, or give advice or lend credit, money or reputation to any natural person or business entity engaged in a competing business in any geographic area in which the other Paty conducts its business.
Both Parties understand and agreethat any attempt on the part ofany Partyto induce employees or other contractors to leave employe atother Party, or any effort byany Partyto interfere with relationship of theother Partywith its employees and other contractators would be harmful and damaging tosuch Party.Both Parties agreethat before expiry or termination of this Agreement and for a period ofafter the end of this Agreement,any Partywill not in any way, directly or indirectly:
Induce or attempt to induce any employee or contractor of theother Partyor quit employment or retainer with theother Party;
Otherwise interface with or disrupt relationship of theother Partyrelationship with its employees and contractors;
Discuss employment opportunities or provide information about competitive employment to any of employees or contractors of theother Party;
Solicit, entice, or hire away any employee or contractor of theother Partyfor the purpose of an employment opportunity that is in competition with theother Party;
This non-solicitation obligation as describled in this section10.will be limited to employees or contractors who were employees or contractors of thethe Partiesprior to termination or expiration, as the case may be, of this Agreement.
Any Partywill not divert or attempt to divert from theother Partyany business theother Partyhad enjoyed, solicitated, or ateempted to solicit, from its customers, prior to termination or expiration, as the case may be, of this Agreement.
The rights and obligations of theParty 1as existing under this Agreementbe assigned in whole or in part to a third party, without the prior written consent of theParty 2.
The rights and obligations of theParty 2as existing under this Agreementbe assigned in whole or in part to a third party, without the prior written consent of theParty 1.
The Party 1 is acting as an independent contractor and not as an employee. This Agreement does not create a partnership or joint venture between the Parties.
The Party 2 is acting as an independent contractor and not as an employee. This Agreement does not create a partnership or joint venture between the Parties.
All notices ot other communications shall be deemed given upon personal delivery to the appropriate address, or if sent by certified or registered mail,days after the date of mailing to the following:
Individual Name: .
Individual Name: .
Neither party shall be responsible for damages to the other party to the extent that a breach of this Agreement (or failure to perform) by such party is due to an act of god, strike or other labor dispute, war, terrorist activity, riot, civil disorder, embargo, fire, flood, weather condition, or any other casualty, beyond the reasonable control of such party (collectively, “Force Majeure”).
During any delay in performance due to an event of Force Majeure, the disabled party shall use its reasonable efforts and due diligence to resolve the cause of the delay and to minimize the effects thereof. If any of the obligations of any of the parties is hindered or prevented, in whole or in substantial part, because of a Force Majeure Event, then all other obligations of the parties shall continue. Delays or non-performance excused by this provision shall not excuse performance of any other obligation that is outstanding at the time of occurrence.
Notwithstanding the preceding, in the event such Force Majeure continues for a period ofconsecutive months, either party shall have the right, but not the obligation, to serve a written notice on the other terminating this Agreement in full and each shall have no further obligation whatsoever to the other save that Company shall continue to be obliged to make payments of monies due hereunder but not paid at the date of termination.
Pronouns; Statutory References
All pronouns and all variations thereof shall be deemed to refer to the masculine, feminine, or neuter, singular or plural, as the context in which they are used may require. Any reference to the Code, the Regulations, the Act, or other statutes or laws will include all amendments, modifications, or replacements of the specific sections and provisions concerned.
In the event any claim is made by any Party relating to any conflict, omission or ambiguity in this Agreement, no presumption or burden of proof or persuasion shall be implied by virtue of the fact that this agreement was prepared by or at the request of a particular Party or the Party’s counsel.
References to this agreement
Numbered or lettered articles, sections and subsections herein contained refer to articles, section and subsections of this Agreement unless otherwise expressly stated.
All Exhibits attached to this Agreement are incorporated and shall be treated as if set forth herein.
In the event that any term or provision of this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect, such validity, illegality or unenforceability shall not affect any other term or provision, and this Agreement shall be interpreted and construed as if such term or provision, to the extent the same shall have been held invalid, illegal or unenforceable, had never been contained herein.
Each of the Parties hereto shall execute and deliver any and all additional papers, documents, and other assurances, and shall do any and all acts and things, which are reasonably necessary, including, without limitation, all executed assignment documents relating to this Agreement.
The paragraph headings used herein are descriptive only and shall not affect the meaning or interpretation of this Agreement.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which when taken together shall constitute one and the same Agreement.
This Agreement shall be governed by and construed in accordance with the laws of Country of .
This Agreement constitutes the entire understanding between the parties with respect to the subject matter contained herein.
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