Maestros Infotech: Part
Maestros Infotech: Part
Maestros Infotech: Part
BY AND BTWEEN
AND
Maestros Infotech
_________________________________________________, a company/partnership
firm/ proprietary firm and having its principal place of business at
________________________________________________.
131/9 Al Qamar Complex, Zone-II, Maharana Pratap Nagar, Bhopal, tMadhya Pradesh (Herein referred to as the
“Service Provider” which expression shall unless repugnant to the context and meaning
thereof, be deemed to mean and include its successor and permitted assigns) of the Second
Part;
WHEREAS
• Admin panel
• vendor panel
• User Dashboard
• ____________________________________________________(Any
Data Base other
services).
3. LICENSE GRANT
Service Provider hereby grants to the Company for the Term of this Agreement, a
non-exclusive right and license throughout the world to copy, distribute, transmit,
display, perform, and otherwise use in whole or in part, in connection with the
client’s requirement, for itself with respect to the ordering, sale, and distribution of
the Company's and its clients' products and services, including, without limitation,
the right to arrange, rearrange, revise, change, adapt, alter, modify, and create
derivative works of the Service Provider’s Technology.
5. Survival:
Any provisions of this Agreement which by its terms imposes continuing obligation
on either party shall survive termination of this agreement.
6. Terms of Payment:
• Milestones
•
1. At Start - 20,000/-
2. After the database and backend connectivity is ready - 20,000/-
3. After the vendor dashboard is ready - 20,000/-
4. After 50/- work - 20,000/-
5. After complete work and tested - 20,000/-
8. SEVERABILITY:
If any provision of this Agreement is held to be invalid or unenforceable under
applicable laws, such provision shall be invalid or unenforceable only to the extent
of such invalidity or unenforceability without invalidating or rendering
unenforceable the remainder of this Agreement.
9. NON-POACHING:
• Service Provider hereby legally, and irrevocably bind themselves into guarantee
to Outsourcing Company that they shall not directly or indirectly interfere with,
circumvent or attempt to circumvent, avoid, by-pass or obviate Outsourcing
Company’s interest or the interest or relationship between “The Parties” with
procedures, seller, buyers, brokers, dealers, distributors, refiners, investors,
shippers, financial instructions, potential and current clients, a) to change,
increase or avoid directly or indirectly payments of established or to be
established fees, commissions, equity stakes, or continuance of pre-established
relationship; b) intervene in un-contracted relationships with contacts introduced
to Outsourcing Company in an effort to bypass the introducing the party; or c)
solicit, interfere with, disrupt, alter or attempt to disrupt or alter the relationship,
contractual or otherwise, between Outsourcing Company and any other potential
investor to the Investment, in connection with any on-going and future
transaction.
• Service Provider guarantees that Outsourcing Company will pay the fee owed to
the circumvented Party, Outsourcing Company, for any financial / business
transaction they have engaged in
• Service Provider guarantees that it will pay a legal monetary penalty that is equal
to the commission or fee of the circumvented Party to Outsourcing Company, in
case of circumvention, should have realized in such transactions, by the
person(s) engaged on the circumvention for each occurrence. If Outsourcing
Company commences legal proceedings to interpret or enforce the terms of
THIS AGREEMENT, the party will be entitled to recover court costs and
reasonable attorney fees.
11. NON-DISCLOSURE:
In consideration for the opportunity to perform the Project and receive the
Confidential Information, Service Provider agrees that it will not disclose or reveal
any Confidential Information to any party, except that Service Provider may
disclose the Confidential Information to those employees of Service Provider who
require access to the Confidential Information in order to complete the Project.
Service Provider agrees that it will instruct all such employees to keep the
information confidential, in accordance with the provisions of this Agreement, and
will obtain the written agreement of such employees to preserve the confidentiality
of the Confidential Information.
12. USE:
Service Provider acknowledges that Outsourcing Company is providing the
Confidential Information only for the limited purpose of enabling Service Provider
to perform its services for its clients. In consideration for the opportunity to perform
its services and receive the Confidential Information, Service Provider agrees that
it will not use, or authorize anyone else to use, any Confidential Information for any
other purpose. The transfer of Confidential Information to Service Provider shall
not be construed as granting Service Provider any license or rights in or to the
Confidential Information, except the limited right to use the Confidential
Information as necessary to perform its services.
18. Non-Waiver:
No delay, neglect or forbearance on the part of Outsourcing Company in enforcing
against the Investor, any term or condition of this Agreement shall either be or be
deemed to be a waiver or in any way prejudice any right of the Outsourcing
Company under this Agreement.
19. NOTICES:
Any notice pursuant to this Agreement shall be given by fax, electronic mail or letter
and the onus of confirmation of receipt of such notices shall be on the sender. Any
notice pursuant to this Agreement shall be addressed to the parties’ addresses given
on the first page of this Agreement.
___________________________________
(Mr./Mrs._____________________(Managing Director and Authorized
Signatory))
For _________________________________________________
Maestros Infotech
____________________________________
(Mr./Mrs._____________________(Managing
Mayank saxena Director and Authorized
Signatory))