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THIS AGREEMENT is dated 4th October 2014 and is entered into by and between
(1) Mrs.Jayasurya Swamikannu, an individual residing in No 302,A
Residency,Koramangala,Bangalore [hereinafter called The Principal]; and
(2)
Block,
Raheja
( your company name), represented by Apurva Gupta and having its registered office at [Your
address ] with registration no xxxxxxxxx [hereinafter called Service Provider]
RECITALS
IT IS HEREBY AGREED as follows:
1. Services to be provided
Service Provider agrees to develop a website according to the specifications of the service
provider. -`
2. Fees
Service Provider will execute this Project on a fixed price model. Based on the terms and conditions set forth
herein, for all the Services provided under this Agreement, the estimated fees which the Service Provide will
charge Principal are as per table below
The fixed price cost of this program Project is INR 15,000 which is inclusive of all applicable taxes. All
payments are contingent upon full acceptance of the work product/deliverables by the Principal.
The fees shall be charged on a milestones basis as set forth herein, as follows:
Milestones
Amount
[INR]
Advance
20%
3000
80%
12000
100%
15000
Total
Should any payment for Services, products or technology provided by Service provider be subject to
withholding tax (TDS), Principal shall as required by applicable tax law, withhold such tax and deliver to
Service provider appropriate tax certificate or other documents for all such withholding in the form and
manner and within the timeline prescribed under the applicable tax law.
If at any point the Service provider is unable to continue with the development and is terminating the
agreement, she should return back the money paid so far within 30 working days of terminating the
agreement
Term*
Initial Term: Commencing on the Agreement date and ending on 23 rd March 2015 (unless terminated earlier
pursuant to the terms and conditions of the Agreement).
Renewal Term: Not applicable unless amended.
4. Acceptance specifications
Deliverable
Website build &
Package
Acceptance criteria
Signed-of
by
Principal &
Core Team
6. Personnel :
Name
Application Developer
Apurva Gupta
Key Contact
Apurva gupta
7.
8.
Intellectual Property
Under this Agreement, Intellectual Property means any and all content and materials, including but not
limited to, software (including modification, upgrades or new versions), designs, icons, menus, trademarks,
text, graphics, photographs, illustrations, audio, video and data, and all rights to such content and materials,
including copyrights, patents and associated rights.
Any and all content and features developed or conceived by Service Provider or Service Providers subhires, employees or helpers during the Term as well as the other results and proceeds of services under this
Agreement (Collectively, the Work) will be works made for hire and will be the exclusive property of the
Principal
Service Provider waives any claims to any rights in connection with the Work. If any Work is determined to
not be a Work made for hire, Service Provider, by entering into this Agreement, assign to the Principal all
right, title and interest in such Work in perpetuity.
9.
10. Confidentiality
Service Provider acknowledges that Service Provider will have access to proprietary information, materials
and data of the Principal. Service Provider agrees not to use or disclose proprietary information and to
ensure that all those to whom Service Provider gives access to proprietary information does not use or
disclose any of this information except to carry out Service Providers duties and responsibilities under this
Agreement.
11. Termination
The term of this Agreement (Term) will begin on the date above and will end when terminated by
either party based on the following: (I) Service Provider gives to the Principal thirty (30) days prior written
notice, (ii) the Principal gives Service Provider fifteen (15) days prior written notice, or (iii) either Service
Provider or the Principal terminates this Agreement immediately following a major breach of this Agreement
by either of the parties.
13. Indemnification
Service Provider agrees to indemnify and hold the Principal harmless from and against any claims and
damages resulting from a breach or claimed breach by Service Provider of any of Service Providers
representations, warranties or agreements contained in this Agreement.
14. No Assignment
Service Provider will not assign this Agreement or its rights or obligations under this Agreement without prior
written permission of the Principal. Any transfer of a controlling interest in Service Provide shall be deemed
an assignment. Any assignment in violation of this provision shall be null and void. The Principal retains the
right to assign this Agreement in its discretion as necessary in the normal course and conduct of its business
17. No waiver
The failure of the Principal to enforce any term or condition of this Agreement will not be deemed a waiver
of any terms or conditions of this Agreement.
This Agreement and any non-contractual obligation arising out of or in connection with this Agreement and
any Dispute shall be governed by the laws of India. The parties agree and consent to exclusive Jurisdiction
of the District Court and High Court located in the City of Bangalore and the Supreme Court of India.
The parties have hereby signed and executed this Agreement on the date first mentioned above
.
Signed
.
Signed
Name
.
Name
..