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The Consultant is not authorized to bind the Company in any manner or to incur
any obligation, expenditure or liability on behalf of or against the Company or,
except as expressly authorized herein, to make any representation or warranty on
behalf of the Company. Consultant’s authority to make representations or
warranties on behalf of the Company is limited to the authority to submit to
customer’s quotations and literature originating with the Company or within
written instructions given to Consultant by the Company. The Company shall not
be liable for any costs, expenses, obligations or liability incurred by Consultant.
Consultant is not authorized to adjust any customer complaint or to agree to pay or
settle any claim or dispute but shall keep the Company fully informed of any
discussions with the customers concerned.
All orders solicited or obtained for products by Consultant shall be in writing, shall
be issued by the customer in the Company’s name and shall be sent to the
Company at the address requested by the Company. All orders shall be subject to
acceptance or rejection by the Company, and the Company reserves the right to
reject any order for any reason whatsoever. The Company shall solely determine
all credit decisions and delivery and production schedules.
Article 5. DISCLOSURE
a) Consultant will maintain in confidence and will not use for his own benefit or
other than for the performance of his obligations under this Agreement:
(i) any of said inventions, confidential know-how and trade secrets
disclosed to him by Company, and
(ii) all information developed by Consultant in performance of the
Services, and he will not divulge the same to any other persons.
b) Consultant will take all reasonable precautions to prevent any unauthorized
disclosure of any such information. It is understood that the obligations of
this section are to remain in effect and to be respected by Consultant until
such time as the information becomes a matter of public knowledge,
irrespective of the termination for any reason whatever of this Agreement.
c) All notes, records, and other documentation or tangible materials
(collectively, “Documentation”) made or kept by Consultant in connection
with the Services performed under this Agreement or in connection with any
inventions made or conceived by Consultant which belong to Company pur-
suant to Section 4 shall be and are the sole and exclusive property of
Company. Upon the termination of this Agreement, Consultant will place all
such Documentation in Company's possession and will not retain or take with
him, without the written consent of Company, any Documentation relating
or pertaining to his Services or with any of the activities of Company.
d) Consultant will respect any obligation he may have arising under prior or
current employment with respect to confidential information and agrees not
to use or divulge to Company, or its agents and employees, during the term
of this Agreement any such information.
All notices or reports permitted or required under this Agreement will be in writing
and delivered in person, mailed by first class mail, postage prepaid and registered
or certified, or sent by telecopy, to the party to receive the notice at the address
set forth at the beginning of this Agreement or such other address as either party
may specify in writing. All such notices will be effective upon receipt.
The Term of this Agreement will be for the 12 months from 29/03/2018 to
28/03/2019. This Agreement may be renewed on annual basis if mutually agreed in
writing by both parties before the termination date of this Agreement or replaced
by an employment contract.
In the event that any of the following events occur (each of which shall be deemed
to be "Cause" for termination):
a) default by either party in the performance of this Agreement and the
default is not remedied within twenty (20) days of written notice,
b) performance of any act of bankruptcy by either party,
c) appointment of a receiver for either party,
d) Consultant's commitment of a felony act or participation or involvement
in such other conduct which, in Company's sole opinion, threatens
Company's value or reputation, the other party may terminate this
Agreement by notice effective upon the date thereof.
a) The parties' obligations pursuant to Article 6 will continue for five (5) years,
except with respect to trade secrets, which shall continue ten (10) years and
Article 7 will continue for ten (10) years after termination of this
Agreement.
b) The parties’ obligations pursuant to Article 4 will continue for eighteen (18)
months after termination of this Agreement.