This agreement is made on this <date of joining> between <Company
Name>hereinafter referred as the Company;
and
<Name of Contract Employee>, D or S/o <at!er"# Name> R/o <Address> hereinafter referred as the Con#$ltant.
IN CONI!"RATION of the foregoing and of the m#t#a$ %o&enants set forth be$ow' the parties' intending to be $ega$$y bo#nd' agree as fo$$ows(
). Retention as Cons#$tant( The Company hereby retains Cons#$tant' and Cons#$tant hereby agrees to render %ons#$ting ser&i%es to the Company' #pon the terms and %onditions set forth herein.
*. !#ties( Cons#$tant %o&enants and agrees that' as an independent Cons#$tant' he/she wi$$ perform a$$ ser&i%es re+#ested of him/her by the Company' a%ting thro#gh his/her own reso#r%es.
Cons#$tant agrees that at the %$ose of ea%h b#siness day he/she wi$$ mai$ the dai$y stat#s report to the reporting offi%er' or to s#%h other person as the Company may designate.
,. Independent Cons#$tant tat#s( The parties re%ogni-e that Cons#$tant is an independent entity and not an emp$oyee' agent' %o.&ent#rer' or representati&e of the Company and that the Company wi$$ not in%#r any $iabi$ity as the res#$t of Cons#$tant/s a%tions. Cons#$tant sha$$ at a$$ times dis%$ose that the %ons#$tant is an independent Cons#$tant of the Company and sha$$ not represent to any third party that the %ons#$tant is an emp$oyee' agent' %o.&ent#rer' or representati&e of the Company other than as e0press$y a#thori-ed by the Company. The Company sha$$ not withho$d any f#nds of Cons#$tant for in%ome ta0 p#rpose and the Cons#$tant sha$$ be responsib$e for the payment of same. Cons#$tant sha$$ not be entit$ed to re%ei&e any emp$oyment benefits offered to emp$oyees of the Company' in%$#ding b#t not $imited to( wor1ers/ %ompensation %o&erage; sa&ings or profit sharing p$ans; sto%1 option' in%enti&e or other bon#s p$ans; hea$th' denta$ or $ife ins#ran%e %o&erage; and paid &a%ations. The Company sha$$ not e0er%ise any %ontro$ e0%ept as en#merated o&er the Cons#$tant.
2. Compensation( The %ons#$tant wi$$ be paid <%ommission> of the %ommission re%ei&ed by the %ompany. The %ons#$tant wi$$ raise proper in&oi%e for the ser&i%es at the end of ea%h month. The in&oi%es sha$$ be raised against the a%t#a$ joining d#ring the %#rrent month. The In&oi%e sha$$ %ontain the 3AN n#mbers/er&i%e Ta0 registration n#mbers 4if app$i%ab$e5' address of %omm#ni%ation' te$ephone n#mbers et%. The Company sha$$ pay within , months after re%ei&ing the in&oi%e and #pon re%ei&ing its payment from the %$ients. The Company sha$$ not be ob$igated to pro&ide a minim#m n#mber of re+#irements.
The Company sha$$ pro%ess payments to Cons#$tant for a$$ #ndisp#ted in&oi%es presented by Cons#$tant #nder this Agreement. Any disp#te between the %ons#$tant and the %ompany %an be reso$&ed by the arbitration as per Arbitration and Con%i$iation A%t )667 for whi%h 8anager Operations wo#$d be the so$e arbitrator.
9. Term( This Agreement sha$$ %ommen%e on the date first written abo&e and sha$$ %ontin#e for * years.
7. Termination( The parties agree that the Company thro#gh written noti%e may terminate Cons#$tant/s engagement #nder this Agreement at any time. The %ons#$tant %an a$so terminate the %ontra%t thro#gh written noti%e. :owe&er the %ompany sha$$ pay a$$ pending in&oi%es as per %$a#se no. 2 of this agreement for any #ndisp#ted joining for whi%h the %ons#$tant has not been paid.
;. Co&enant of Nondis%$os#re( Cons#$tant sha$$ not' at any time d#ring or after the term of this Agreement' in any manner' either dire%t$y or indire%t$y' di&#$ge' dis%$ose' or %omm#ni%ate to any person' firm' %orporation or other entity' or #se for his/her own benefit or for the benefit of any other person' firm' %orporation or other entity' and not for the benefit of the Company' any information a%+#ired from the Company or its affi$iates' witho#t the e0press prior written %onsent of an a#thori-ed e0e%#ti&e/offi%er of the Company' as more f#$$y set forth in a %ertain Non.dis%$os#re Agreement between the Company and Cons#$tant dated <date of joining>.
<. Rights to =or1( The parties a%1now$edge that any wor1 %reated by Cons#$tant in %onne%tion with the performan%e of ser&i%es for the Company p#rs#ant hereto is being %reated at the insisten%e of the Company and sha$$ not be a property of the %ons#$tant. The Company sha$$ ha&e the so$e right to #se the who$e wor1' any part or parts thereof' or none of the wor1' as it sees fit. The Company may a$ter the wor1' add to it' or %ombine it with any other wor1 or wor1s' at its so$e dis%retion. Notwithstanding the foregoing' a$$ origina$ materia$ s#bmitted by Cons#$tant as part of the wor1 or as part of the pro%ess of %reating the wor1' in%$#ding b#t not $imited to programs' $istings' printo#ts' do%#mentation' notes' f$ow %harts' and programming aids' sha$$ be the property of the Company whether or not the Company #ses s#%h materia$. No rights are reser&ed by Cons#$tant.
A$$ programs' spe%ifi%ations' do%#mentation and a$$ other te%hni%a$ information prepared by Cons#$tant in %onne%tion with the performan%e of his ser&i%es here#nder wi$$ be%ome the Company/s so$e property. Tit$e to a$$ materia$ and do%#mentation' in%$#ding b#t not $imited to' systems spe%ifi%ations f#rnished by the Company to Cons#$tant or de$i&ered by the Company into Cons#$tant/s possession sha$$ remain with the Company. Cons#$tant sha$$ immediate$y ret#rn a$$ s#%h materia$ or do%#mentation not $ater than se&en 4;5 days of any re+#est or #pon the termination or %on%$#sion of his engagement #nder this Agreement' whi%he&er sha$$ o%%#r first.
6. >ega$ Re$ief( In the e&ent Cons#$tant brea%hes' or threatens to brea%h any of the %o&enants e0pressed herein' the damages to the Company wi$$ be +#antified by the Company whi%h sha$$ be fina$. The %ompany may app$y to a %o#rt of %ompetent j#risdi%tion for inj#n%ti&e or other e+#itab$e re$ief to restrain s#%h brea%h or threat of brea%h' witho#t disentit$ing the Company from any other re$ief in either $aw or e+#ity.
)?. Adheren%e to >aws( Cons#$tant agrees that in %arrying o#t his/her d#ties and responsibi$ities #nder this Agreement' he/she wi$$ neither #nderta1e nor %a#se' nor permit to be #nderta1en' any a%ti&ity whi%h either 4i5 is i$$ega$ #nder any $aws' de%rees' r#$es' or reg#$ations in effe%t in either the India or any other %o#ntry in whi%h the Company has a b#siness interest; or 4ii5 wo#$d ha&e the effe%t of %a#sing the Company to be in &io$ation of any $aws' de%rees' r#$es' or reg#$ations in effe%t in either the India or any other %o#ntry in whi%h the Company has a b#siness interest. Cons#$tant agrees to notify the Company immediate$y of any e0torti&e so$i%itation' demand' or other re+#est for anything of &a$#e' by or on beha$f of any entity or indi&id#a$' re$ating to the s#bje%t matter of this Agreement.
)). Indemnifi%ation( Cons#$tant sha$$ defend' indemnify and ho$d harm$ess the Company and its offi%ers' dire%tors' emp$oyees' agents' parent' s#bsidiaries and other affi$iates' from and against any and a$$ damages' %osts' $iabi$ity' and e0pense whatsoe&er 4in%$#ding attorneys/ fees and re$ated disb#rsements5 in%#rred by reason of 4a5 any fai$#re by Cons#$tant to perform any %o&enant or agreement of Cons#$tant set forth herein; 4b5 inj#ry to or death of any person or any damage to or $oss of property whi%h is d#e to the neg$igen%e and/or wi$$f#$ a%ts of Cons#$tant; or 4%5 any brea%h by Cons#$tant of any representation' warranty' %o&enant or agreement #nder this Agreement. The Company sha$$ ha&e the right to offset against any fees or %ommissions d#e Cons#$tant #nder this Agreement the amo#nt of any indemnity to whi%h the Company is entit$ed #nder this e%tion )) for any damage' %ost' $iabi$ity' e0pense' fee or other disb#rsement' in%#rred by the Company p#rs#ant to this e%tion. )).
)*. 8is%e$$aneo#s( )*.) Cooperation( Cons#$tant agrees that at any time and from time to time' #pon the re+#est of the Company' to do' e0e%#te' a%1now$edge and de$i&er' or %a#se to be done' e0e%#ted' a%1now$edged and de$i&ered' a$$ s#%h f#rther a%ts' do%#ments and instr#ments as may be re+#ired to effe%t any of the transa%tions %ontemp$ated by this Agreement.
)*.* =ai&er of @rea%h( The wai&er by either party hereto of any brea%h of the terms and %onditions hereof wi$$ not be %onsidered a modifi%ation of any pro&ision' nor sha$$ s#%h a wai&er a%t to bar the enfor%ement of any s#bse+#ent brea%h.
)*.9 Company 3roperty( A$$ Company property in the possession or %ontro$ of Cons#$tant in%$#ding' b#t not $imited to' spe%ifi%ations' do%#mentation' so#r%e %ode' passwords' mai$ing I!' A#a$ity Ass#ran%e do%#ments' de&e$oped pro%ed#res and magneti% media wi$$ be ret#rned by Cons#$tant to the Company on demand' or at the termination of this Agreement' whi%he&er sha$$ %ome first.
)*.7 "ntire Agreement( This Agreement and the Non.dis%$os#re Agreement des%ribed in e%tion ;.
)*.; =arranty( As an ind#%ement for Company to enter into this Agreement' Cons#$tant represents and warrants to Company that a$$ ser&i%es' wor1 and de$i&erab$es to be performed here#nder sha$$ be performed by her in a professiona$ and wor1man$i1e manner' in a%%ordan%e with the highest ind#stry standards.
IN =ITN" =:"R"OB' the parties ha&e e0e%#ted this Agreement effe%ti&e the date first written abo&e.