- (i) develop policies to further the commercial, financial, administrative, or other activities of the Company create and implement a future market strategy assess the financial state of the Company prepare monthly and fiscal year-end balance sheets and income/expense statements for delivery to the Company within 30 days after the close of the relevant period ;
- (ii) develop policies to further the commercial, financial, administrative, or other activities of the Company create and implement a future market strategy assess the financial state of the Company prepare monthly and fiscal year-end balance sheets and income/expense statements for delivery to the Company within 30 days after the close of the relevant period ;
- (iii) develop policies to further the commercial, financial, administrative, or other activities of the Company create and implement a future market strategy assess the financial state of the Company prepare monthly and fiscal year-end balance sheets and income/expense statements for delivery to the Company within 30 days after the close of the relevant period ;
- (iv) develop policies to further the commercial, financial, administrative, or other activities of the Company create and implement a future market strategy assess the financial state of the Company prepare monthly and fiscal year-end balance sheets and income/expense statements for delivery to the Company within 30 days after the close of the relevant period ;
- (v) develop policies to further the commercial, financial, administrative, or other activities of the Company create and implement a future market strategy assess the financial state of the Company prepare monthly and fiscal year-end balance sheets and income/expense statements for delivery to the Company within 30 days after the close of the relevant period ;
- (vi)(v)(iv)(iii)(ii) devote as much productive time, energy, and ability to the performance of its duties under this agreement as may be necessary to provide the required Services in a timely and productive manner;
- (vii)(vi)(v)(iv)(iii) perform the Services in a safe, good, and workmanlike manner by fully trained, skilled, competent, and experienced personnel using at all times adequate equipment in good working order;
- (viii)(vii)(vi)(v)(iv) in the performance of the Services, serve the Company in good faith, ensuring that it is:
- A. protecting the Company's interests;
- B. observing all applicable laws related to the Company's activities; and
- C. acting in accordance with good and professional management practices;
2. TERM AND TERMINATION.
- (a) Term. This agreement will become effective as described in section 21 and continue for an initial term of year(s) (the "Term"). Unless either party gives written notice to the other at least days before the end of the Term, this agreement will renew automatically for an additional -year term. This automatic extension will continue to apply at the end of each extended period until the agreement is terminated.
- (b) Termination. This agreement may be terminated:
- (i) by either party on provision of Number days' written notice before the end of a Term;
- (ii) by either party for a material breach of any provision of this agreement by the other party, if the other party's material breach is not cured within days of receipt of written notice of the breach; and
- (iii) by the Company at any time and without prior notice, if the Manager is convicted of any crime or offense, fails or refuses to comply with the written policies or reasonable directives of the Company, or is guilty of serious misconduct in connection with performance under this agreement . ; or
- (iv) automatically, on the death of the Manager.
3. COMPENSATION.
- (a) Costs and Expenses. Each month quarter -day period, the Company shall reimburse the Manager for all costs and expenses reasonable incurred by the Manager (the "Costs and Expenses") in connection with the provision of the Services to the Company for that month quarter -day period .
- (b) Management Fee. Each month quarter -day period , the Company shall pay to the Manager a management fee equal to % of the Costs and Expenses for that month quarter -day period (the "Fee").
- (c) Payment of Fees. Within days following the end of each month quarter -day period period, the Manager shall prepare a statement of Costs and Expenses incurred in providing the Services, setting for the basis for the calculation in reasonable detail. The Manager shall then invoice the Company for those Costs and Expenses together with the Fee. The Company shall pay those amounts within days of receipt of that invoice.
- (d) No Payments in Certain Circumstances. No payment will be payable to the Manager under any of the following circumstances:
- (i) if prohibited under applicable government law, regulation, or policy;
- (ii) if the Manager did not directly perform or complete the Services;
- (iii) if the Manager did not perform the Services to the reasonable satisfaction of the Company; or
- (iv) if the Services performed occurred after the expiration or termination of the Term, unless otherwise agreed in writing.
4. NATURE OF RELATIONSHIP; INVENTIONS.
- (a) Independent Contractor Status.
- (i) The relationship of the parties under this agreement is one of independent contractors, and no joint venture, partnership, agency, employer-employee, or similar relationship is created in or by this agreement. Neither party may assume or create obligations on the other party's behalf, and neither party may take any action that creates the appearance of such authority.
- (ii) The Manager has the sole right to control and direct the means, details, manner, and method by which the Services will be performed, and the right to perform the Services at any time, place, or location. The Manager or the Manager's staff shall perform the Services, and the Company is not required to hire, supervise, or pay any assistants to help the Manager perform those Services. The Manager shall provide insurance coverage for itself and its staff.
5. USE OF TRADEMARKS.
The Manager may use, reproduce, and distribute the Company's service marks, trademarks, and trade names (if any) (collectively, the "Company Marks") in connection with the performance of the Services. Any goodwill received from this use will accrue to the Company, which will remain the sole owner of the Company Marks. The Manager may not engage in activities or commit acts, directly or indirectly, that may contest, dispute, or otherwise impair the Company's interest in the Company Marks. The Manager may not cause diminishment of value of the Company Marks through any act or representation. The Manager may not apply for, acquire, or claim any interest in any Company Marks, or others that may be confusingly similar to any of them, through advertising or otherwise. At the expiration or earlier termination of this agreement, the Manager will have no further right to use the Company Marks, unless the Company provides written approval for each such use.
6. CONFIDENTIAL INFORMATION.
- (a) Confidentiality. During the Term, the Manager may have access to or receive certain information of or about the Company that the Company designates as confidential or that, under the circumstances surrounding disclosure, ought to be treated as confidential by the Manager ("Confidential Information"). Confidential Information includes information relating to the Company or its current or proposed business, financial statements, budgets and projections, customer identifying information, potential and intended customers, employers, products, computer programs, specifications, manuals, software, analyses, strategies, marketing plans, business plans, and other confidential information, provided orally, in writing, by drawings, or by any other media. The Manager will treat the Confidential Information as confidential and will not disclose it to any third party or use it for any purpose but to fulfill its obligations in this agreement. In addition, the Manager shall use due care and diligence to prevent the unauthorized use or disclosure of such information.
- (b) Exceptions. The obligations and restrictions in subsection (a) do not apply to that part of the Confidential Information:
- (i) was or becomes publically available other than as a result of a disclosure by the Manager in violation of this agreement;
- (ii) was or becomes available to the Manager on a nonconfidential basis before its disclosure to the Manager by the Company, but only if:
- A. the source of such information is not bound by a confidentiality agreement with the Company or
- is not otherwise prohibited from transmitting the information to the Manager by a contractual, legal,
- fiduciary, or other obligation; and
- B. the Manager provides the Company with written notice of its prior possession either (I) before the
- effective date of this agreement or (II) if the Manager later becomes aware (through disclosure to the
- Manager) of any aspect of the Confidential Information as to which the Manager had prior possession,
- promptly on the Manager so becoming aware;
- A. provide the Company with prompt notice of these requests or requirements before making a
- disclosure so that the Company may seek an appropriate protective order or other appropriate
- remedy; and
- B. provide reasonable assistance to the Company in obtaining any protective order. If a protective
- order or other remedy is not obtained or the Company grants a waiver under this agreement, the
- Manager may furnish that portion (and only that portion) of the Confidential Information that, in
- the written opinion of counsel reasonably acceptable to the Company, the Manager is legally
- compelled or otherwise required to disclose. However, the Manager shall make reasonable efforts
- to obtain reliable assurance that confidential treatment will be accorded any part of the Confidential
- Information disclosed in this way; or
- (i)Confidentiality. At all times during its work with the Company, the Manager shall hold in strictest confidence, and not use, except for the benefit of the Company, or to disclose to any person, firm, or corporation without the prior written authorization of the Company, any of the Company's Confidential Information.
- (ii) Term. The Manager shall maintain the confidentiality and security of the Confidential Information until the earlier of:
- A. such time as all Confidential Information disclosed under this agreement becomes publicly known
- and is made generally available through no action or inaction of the Manager; or
- B. the third anniversary of the termination of the Manager's work with the Company. However, to the
- extent that the Company has disclosed information to the Manager that constitutes a trade secret
- under law, the Manager shall protect that trade secret for as long as the information qualifies as
- a trade secret.
7. REPORTING.
The Manager shall report to or such other officer or employee as may be designated by the Company. The Manager shall provide a weekly monthly quarterly written summary progress report. Reports shall consist of .
8. OTHER ACTIVITIES.
During the Term, the Manager is free to engage in other independent contracting activities, except that the Manager may not accept work, enter into contracts, or accept obligations inconsistent or incompatible with the Manager's obligations or the scope of Services to be rendered for the Company under this agreement.
9. RETURN OF PROPERTY.
Within five business days of the expiration or earlier termination of this agreement, the Manager shall return to the Company, retaining no copies or notes, all Company products, samples, models, property, and documents relating to the Company's business including reports, abstracts, lists, correspondence, information, computer files, computer disks, and other materials and copies of those materials obtained by the Manager during and in connection with its work with the Company. All files, records, documents, blueprints, specifications, information, letters, notes, media lists, original artwork or creative work, notebooks, and similar items relating to the Company's business, whether prepared by the Manager or by others, remain the Company's exclusive property.
10. INDEMNIFICATION.
- (a) Of Company by Manager. At all times after the effective date of this agreement, the Manager shall indemnify the Company and its subcontractors, officers, members, managers, employees, owners, sublicensees, affiliates, subsidiaries, successors, and assigns (collectively, the "Company Indemnitees") from all damages, liabilities, expenses, claims, or judgments (including interest, penalties, reasonable attorneys' fees, accounting fees, and expert witness fees) (collectively, the "Claims") that any Company Indemnitee may incur and that arise from:
- (i) the Manager's gross negligence or willful misconduct arising from the Manager's carrying out of its obligations under this agreement;
- (ii) the Manager's breach of any of its obligations or representations under this agreement; or
- (iii) the Manager's breach of its express representation that it is an independent contractor and in compliance with all applicable laws related to work as an independent contractor. If a regulatory body or court of competent jurisdiction finds that the Manager is not an independent contractor or is not in compliance with applicable laws related to work as an independent contractor, based on the Manager's own actions, the Manager will assume full responsibility and liability for all taxes, assessments, and penalties imposed against the Manager or the Company resulting from that contrary interpretation, including taxes, assessments, and penalties that would have been deducted from the Manager's earnings if the Manager had been on the Company's payroll and employed as a Company employee.
- (i) the Company's operation of its business;
- (ii) the Company's breach or alleged breach of, or its failure or alleged failure to perform under, any agreement to which it is a party; or
- (iii) the Company's breach of any of its obligations or representations under this agreement. However, the Company is not obligated to indemnify the Manager if any of these Claims result from the Manager's own actions or inactions.
11. FORCE MAJEURE.
A party will not be considered in breach or in default because of, and will not be liable to the other party for, any delay or failure to perform its obligations under this agreement by reason of fire, earthquake, flood, explosion, strike, riot, war, terrorism, or similar event beyond that party's reasonable control (each a "Force Majeure Event"). However, if a Force Majeure Event occurs, the affected party shall, as soon as practicable:
- (a) notify the other party of the Force Majeure Event and its impact on performance under this agreement; and
- (b) use reasonable efforts to resolve any issues resulting from the Force Majeure Event and perform its obligations under this agreement.
12. GOVERNING LAW.
- (a) Choice of Law. The laws of the state of govern this agreement (without giving effect to its conflicts of law principles).
- (b) Choice of Forum. Both parties consent to the personal jurisdiction of the state and federal courts in County, .
13. AMENDMENTS.
No amendment to this agreement will be effective unless it is in writing and signed by a party or its authorized representative.
14. ASSIGNMENT AND DELEGATION.
- (a) No Assignment. Neither party may assign any of its rights under this agreement, except with the prior written consent of the other party. All voluntary assignments of rights are limited by this subsection.
- (b) No Delegation. Neither party may delegate any performance under this agreement, except with the prior written consent of the other party.
- (c) Enforceability of an Assignment or Delegation. If a purported assignment or purported delegation is made in violation of this section, it is void.
15. COUNTERPARTS; ELECTRONIC SIGNATURES.
- (a) Counterparts. The parties may execute this agreement in any number of counterparts, each of which is an original but all of which constitute one and the same instrument.
- (b) Electronic Signatures. This agreement, agreements ancillary to this agreement, and related documents entered into in connection with this agreement are signed when a party's signature is delivered by facsimile, email, or other electronic medium. These signatures must be treated in all respects as having the same force and effect as original signatures.
16. SEVERABILITY.
If any one or more of the provisions contained in this agreement is, for any reason, held to be invalid, illegal, or unenforceable in any respect, that invalidity, illegality, or unenforceability will not affect any other provisions of this agreement, but this agreement will be construed as if those invalid, illegal, or unenforceable provisions had never been contained in it, unless the deletion of those provisions would result in such a material change so as to cause completion of the transactions contemplated by this agreement to be unreasonable.
17. NOTICES.
- (a) Writing; Permitted Delivery Methods. Each party giving or making any notice, request, demand, or other communication required or permitted by this agreement shall give that notice in writing and use one of the following types of delivery, each of which is a writing for purposes of this agreement: personal delivery, mail (registered or certified mail, postage prepaid, return-receipt requested), nationally recognized overnight courier (fees prepaid), facsimile, or email.
- (b) Addresses. A party shall address notices under this section to a party at the following addresses:
- If to the Company:
- ,
- If to the Manager:
- ,
- (c) Effectiveness. A notice is effective only if the party giving notice complies with subsections (a) and (b) and if the recipient receives the notice.
18. WAIVER.
No waiver of a breach, failure of any condition, or any right or remedy contained in or granted by the provisions of this agreement will be effective unless it is in writing and signed by the party waiving the breach, failure, right, or remedy. No waiver of any breach, failure, right, or remedy will be deemed a waiver of any other breach, failure, right, or remedy, whether or not similar, and no waiver will constitute a continuing waiver, unless the writing so specifies.
19. ENTIRE AGREEMENT.
This agreement constitutes the final agreement of the parties. It is the complete and exclusive expression of the parties' agreement about the subject matter of this agreement. All prior and contemporaneous communications, negotiations, and agreements between the parties relating to the subject matter of this agreement are expressly merged into and superseded by this agreement. The provisions of this agreement may not be explained, supplemented, or qualified by evidence of trade usage or a prior course of dealings. Neither party was induced to enter this agreement by, and neither party is relying on, any statement, representation, warranty, or agreement of the other party except those set forth expressly in this agreement. Except as set forth expressly in this agreement, there are no conditions precedent to this agreement's effectiveness.
20. HEADINGS.
The descriptive headings of the sections and subsections of this agreement are for convenience only, and do not affect this agreement's construction or interpretation.
21. EFFECTIVENESS.
This agreement will become effective when all parties have signed it. The date this agreement is signed by the last party to sign it (as indicated by the date associated with that party's signature) will be deemed the date of this agreement.
22. NECESSARY ACTS; FURTHER ASSURANCES.
Each party shall use all reasonable efforts to take, or cause to be taken, all actions necessary or desirable to consummate and make effective the transactions this agreement contemplates or to evidence or carry out the intent and purposes of this agreement.
[SIGNATURE PAGE FOLLOWS]
Each party is signing this agreement on the date stated opposite that party's signature.
Date: _____________________________ By: _________________________________________________________ Name:
Title:Date: _____________________________ By: _________________________________________________________ Name:
Title:[PAGE BREAK HERE]
EXHIBIT A
LIST OF PRIOR INVENTIONS AND ORIGINAL WORKS OF AUTHORSHIP
1. Except as listed in section 2 below, the following is a complete list of all Prior Inventions that were made, conceived, or first reduced to practice by the Manager, alone or jointly with others, before its agreement with the Company:
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DDDDDDDDDDDDDDDDDDDDDDDDDDDDD DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD Title Date Identifying Number or Brief Description The Manager has no inventions or improvements to list. __________
(Initials)I have attached _____ additional sheets to this Exhibit A. __________
(Initials)2. Because of an existing confidentiality agreement and the duties of confidentiality that the Manager owes to the parties listed below, the Manager cannot complete the disclosure in section 1 above with respect to the inventions or improvements listed generally below:
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DDDDDDDDDDDDDDDDDDDDDDDDdDDDDDDDDDDDDDDDDDDD DDDDDDDDDDDDDDDDDDDDDDDDD Invention or Improvement Party Names Relationship I have attached _____ additional sheets to this Exhibit A. __________
(Initials)Date: __________________________________________________ By: __________________________________________________ Name: Title: 