Market Research Agreement

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MARKET RESEARCH AGREEMENT
CONTRACT DETAILS
Parties
Arihant Veg Oils Pvt. Ltd. (ACN ____________________) of of ____________________ (Recipient)
- AND -
Mr. Sunil Shinde (ACN ) of Latur, Maharashtra, India, Latur, New South Wales, 413512 (Provider).
AGREEMENT SUMMARY
The Recipient specialises in Market Research and Survey. The Recipient has engaged the Provider to
provide the Services. By signing this Agreement, the Provider accepts the terms and conditions of this
Agreement, and agrees to provide the Recipient with the Services.
ORDER DETAILS
Item Description
1. Commencement Date 19 Feb 2024
2. Completion Date 15 Mar 2024
3. The Services Market Research - Market Survey in Latur

District as per the questionnaire. Sample size
500.
4. Delivery of the Services Once the survey is completed Mr. Sunil Shinde
will do the data entry and will be submitted to
Arihant Veg Oils PVt. Ltd. on email.
5. Consideration The Recipient shall pay the Provider Rs. 100 per
questionnaire
6. Payment Arrangement 50% advance and 50% after data submission
7. Method of Payment Method of payment can be by cheque or online

transfer
8. Agreed Forms of Communication The Recipient and the Provider agree to

communicate by:
● Telephone
● Email
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and do not agree to communicate by:

● Facsimilie
● Post
●
LEGAL TERMS
1. Definitions and interpretation

1.1. Definitions
The following words have these meanings in this Agreement unless the contrary intention
appears:
Agreement means this Market Research Agreement including any annexure;
Business Day means any day excluding Saturday, Sunday, a public holiday in
____________________ and/or a Commonwealth public holiday;
Commencement Date means 19 Feb 2024;
Completion Date means 15 Mar 2024;
Confidential Information means any information that is:
(a) Information, ideas forms, specifications, processes, statements, formulae, trade

secrets, drawings and data (and copies and extracts made of or from that
information and data) that is not in public domain is considered confidential
information; and
(b) confidential by nature, stipulated as confidential or any other information that would
be reasonably considered to be confidential due to the value of the information;
Intellectual Property Rights means all present and future rights in relation to copyright,
trademarks, designs, patents or other proprietary rights, or any rights to registration of such
rights, whether created, written, developed or brought to existence by the Recipient or the
Provider in the provision of the Services;
Order Details means the order for Services provided to the Provider from the Recipient
from time to time; and
Services means the services specified in Item 3 of the Order Details or as agreed between
the Parties from time to time.
1.2. Interpretation
In this Agreement:

(a) references to a person include an individual, form or a body, whether incorporated

or unincorporated;
(b) clause headings are for references only and shall not form part of this Agreement
nor used in the interpretation of this Agreement;
(c) if the time of doing an act or thing under this Agreement falls on a day which is not a
Business Day, then the time of doing that act or thing shall be deemed to be the
next Business Day;
(d) words in the singular include the plural and vice versa in accordance with the
context of which that word is used;
(e) words importing a gender include other genders;
(f) a reference to a clause is a reference to a clause in this Agreement;
(g) a reference to any of the words 'include', 'includes' and 'including' is to be read as if
followed by the words "without limitation";
(h) a reference to a statute, ordinance, code or law includes regulations and other
instruments under it and any consolidations, amendments, re-enactments or
replacements of any of them;
(i) a reference to any party include that party's executors, administrators, substitutes,
successors and permitted assigns; and
(j) each party has participated in the negotiating and drafting of this document and in
the event of ambiguity or a question of interpretation arising, this Agreement is to be
construed as if the Agreement was drafted jointly.
2. Commencing and completing the Services

2.1. Commencing the Services
(a) The Provider will commence the Services on the Commencement Date.
(b) The Provider must within forty-eight (48) hours provide written notice to the
Recipient requesting additional information if all of the relevant information and
material for completion of the Services has not been provided for the completion of
the Services. If no written notice is provided, it is implied all relevant information and
materials have been supplied.
2.2. Completing the Services

(a) The Provider agrees to complete the Services by Completion Date.
(b) If the Provider foresees being unable to complete the Services by the Completion
Date, the Provider must inform the Recipient at least fourteen (14) days prior to the
Completion Date, or where the Completion Date is less than fourteen (14) days
from the Commencement Date, then three (3) days.
(c) The Provider shall deliver the Services to the Recipient by the means prescribed in
Item 4 of the Agreement Summary.

2.3. Rejection of the Services

(a) Notwithstanding clause 2.4 of this Agreement, the Recipient may reject the
completed Services provided by the Provider if the Recipient deems the completed
Services have not been completed in accordance with the description provided in
Item 3 of the Agreement Summary.
(b) If the Services are deemed incomplete by the Recipient, the Provider agrees to
rectify the Services within seven (7) days. If the Services are not rectified or are still
deemed to be not in accordance with the Order Details by the Recipient, the
Recipient may cancel the Services and the Provider must refund all monies paid to
it in fulfilment of the Services within three (3) Business Days and release the
Recipient from all claims for payment in relation to works performed with respect to
the Services.
2.4. Alterations to the Services

(a) If the Provider is required to alter the description of the Services, the Provider must
first obtain written consent from the Recipient.
2.5. Outside Work

(a) If the Provider has to obtain goods and/or services from a third party, the Provider
must first obtain written consent from the Recipient and have the third party give an
undertaking of confidentiality that is satisfactory to the Recipient before instructing
or giving Confidential Information to the third party.
(b) If the third party breaches the aforementioned undertaking of confidentiality, the
Provider is liable for any losses or damages suffered by the Recipient and/or the
customer.
2.6. Warranty Period for the Services
Where the Services include the provision of technology, then due to the inherently complex
nature of technology, the Provider is unable to provide the Recipient with a guarantee that
the Services will be free from technical errors and/or bugs (the 'Errors'). Accordingly, upon
delivery of the Services, the Provider agrees to review and repair any pre-existing coding
errors for the first thirty (30) days after delivery at no charge to the Recipient.
The above Services come with guarantees that cannot be excluded under the Australian
Consumer Law. For major failures with the service, you are entitled:
● to cancel your service contract with us; and

● to a refund for the unused portion, or to compensation for its reduced value.
You are also entitled to be compensated for any other reasonably foreseeable loss or
damage.
If the failure does not amount to a major failure, you are entitled to have problems with the
service rectified in a reasonable time and, if this is not done, to cancel your contract and

obtain a refund for the unused portion of the contract.
3. Payment for the Services

3.1. Consideration
The Recipient agrees to pay the Provider an amount set out in Item 5 of Order Details (the
'Consideration').
3.2. Time and Method for Payment

(a) The Recipient will make Payment of the Consideration pursuant to Item 6 of Order
Details.
(b) The Recipient will make Payment of Consideration by the method prescribed in
Item 7 of Order Details.
3.3. Goods and Services Tax
Unless otherwise stated, all amounts, including out of pocket expenses, expressed and
described on or in connection with this Agreement and/or its Order Details, are listed in
Australian Dollars (AUD) and are GST inclusive, being goods and services tax as defined
in A New Tax System (Goods and Services Tax) Act 1999, inclusive amounts. Where the
services are provided outside Australia, GST is inapplicable.
4. Copyright and Intellectual Property Rights

4.1. Intellectual Property Rights
(a) The Provider recognises that all Intellectual Property are the property of the
Recipient and the Provider will take all such steps as practicable to ensure that the
Intellectual Property will vest in and remain vested in the Recipient.
(b) The Provider warrants that the Provider owns the Intellectual Property Rights in the
Intellectual Property delivered to the Recipient in the provision of the Services.
(c) The Provider grants to the Recipient a non-exclusive, transferable, royalty-free,
perpetual licence to use and intellectual property rights owned by the Provider
which have been used in completion of the Services, that were already in existence
prior to commencing the Services.
4.2. Indemnification
The Provider hereby indemnifies and agrees to keep indemnified the Recipient against all
liability, losses or expenses incurred by the Recipient in relation to or in any way directly or
indirectly connected with any breach of copyright or any rights in relation to copyright in
such literary and artistic works supplied as aforesaid.
5. Termination of this Agreement

5.1. For the Recipient

(a) The Recipient may terminate this Agreement with the Provider for any breach of this
Agreement by providing fourteen (14) days written notice to the Provider. At the
Recipient's discretion, the Recipient may allow the Provider to remedy the breach
within fourteen (14) days' notice, or another time-frame as the Recipient elects, and
in being satisfied with the remedy of the breach by the Provider, the Recipient will
not terminate this Agreement.
(b) The Recipient may terminate this Agreement for any reason by providing the
Provider with thirty (30) days' written notice of the Recipient's intent to terminate this
Agreement.
(c) Upon receiving notification of the Recipient's intent to terminate this Agreement, the
Provider will continue work on the Services until the lapse of the notice period,
unless the Recipient's provides express written notice to cease work on the
Services.
(d) If the Recipient terminates this Agreement for reasons other than a breach of this
Agreement by the Provider, the Recipient will pay the Provider for the portion of the
Services completed to date and time of cancellation.
5.2. For the Provider

(a) The Provider may terminate this Agreement by providing thirty (30) days written
notice to the Recipient of the Provider's intent to terminate this Agreement.
(b) The Provider may terminate this Agreement for a breach by the Recipient of this
Agreement by providing fourteen (14) days' written notice of the breach to the
Recipient. During the fourteen (14) day notice period, the Recipient reserves the
right to remedy the breach. If the Recipient remedies the breach which was the
cause of the notice, this Agreement will not be terminated at the lapse of the
fourteen (14) days on the notice's basis.
(c) Upon providing notice of the Provider's intent to terminate this Agreement, the
Provider agrees to continue providing the Services until the cessation of the notice
period unless otherwise instructed by the Recipient to cease work.
(d) If the Provider provides notice of intent to terminate this Agreement, the Recipient
will pay for the work which has been done and at the time the Agreement is
terminated, will pay any outstanding works completed between the provision of the
notice to terminate and the cessation of this Agreement. If the Recipient elects to
have the Provider cease work upon receiving notification of the Provider's intent to
terminate, the Recipient will only be liable to pay amounts outstanding on work
completed by the Provider to the date the request to cease work was issued by the
Recipient.
6. Non-Solicitation

6.1. Non-Solicitation of Personnel

(a) During the course of this Agreement, the Provider may have access to commercially
sensitive information and material. The Provider will not during or after this
Agreement during the Restraint Period, either directly or indirectly, without written
consent from the Recipient:
(i) Employ, canvas, solicit, entice or engage any of the Recipient's employees,
servants, contractors, and/or agents (Personnel), to terminate their
employment with the Recipient; and
(ii) Employ, engage, retain or sources any of the Recipient's Personnel for any
services that are of a competitive nature to the Recipient's business.
(b) For the purposes of this clause 6.1, the Restraint Period means 12 months,
nonetheless:
(i) If it is determined that 12 months is unreasonable, the restraint will last for a
period of 9 months; or
(ii) If it is determined that 9 months is unreasonable, the restraint will last for a
(iii) If it is determined that 6 months is unreasonable, the restraint will last for a
period of 3 months.
(c) The Provider agrees that the restraints contained in this clause are reasonably
necessary to protect the Recipient's business interests and the Provider
acknowledges that this clause is fair and reasonable under the circumstances.
6.2. Non-Solicitation of Clients

(a) During the course of this Agreement, the Provider will have contact with, and
access to, clients, prospective clients, client records and details of the Recipient's
marketing efforts, strategies and plans that includes commercially sensitive
information and material. The Provider will not during or after this Agreement, either
directly or indirectly, without written consent from the Recipient:
(i) Canvas, solicit, entice or engage any of Canvas, solicit, entice or engage
any of the Recipient's clients, or prospective clients who the Recipient's has
attempted to retain or in the process of engaging (the 'Clients')
(ii) Directly or indirectly interfere with or engage, procure, endeavour to entice
away, aid, abet or counsel any of the Clients for any services which are of a
competitive nature to the Recipient's business.
(b) For the purposes of this clause, the Restraint Period means 12 months,
nonetheless:
(i) If it is determined that 12 months is unreasonable, the restraint will last for a

(ii) If it is determined that 9 months is unreasonable, the restraint will last for a
(iii) If it is determined that 6 months is unreasonable, the restraint will last for a
period of 3 months.
(c) The provider agrees that the restraints contained in this clause are reasonably
necessary to protect the Recipient business interests and the Provider
acknowledges that this clause is fair and reasonable under the circumstances.
7. Liability and waivers

7.1. Liability
(a) The total liability of the Recipient and its Personnel to the Provider for damage, loss
or reliance shall be limited to any outstanding payments (if any) for Services
completed by the Provider and not paid by the Recipient.
(b) The Provider expressly understands and agrees that the Recipient and its
Personnel shall not be liable to the Provider for any direct, indirect, incidental,
special consequential or exemplary damages which may be incurred by the
Provider, however caused and under any theory of liability; including, but not limited
to: any loss of profit (incurred directly or indirectly), any loss of goodwill or business
reputation, death or personal injury and any other intangible loss.
7.2. Waivers
(a) A waiver of any right, power or remedy under this agreement must be in writing
signed by the party granting it. A waiver is only effective in relation to the particular
obligation or breach in respect of which it is given. It is not to be taken as an implied
waiver of any other obligation or breach or as an implied waiver of that obligation or
breach in relation to any other occasion.
(b) The fact that a party fails to do, or delays in doing, something the party is entitled to
do under this agreement does not amount to a waiver.
8. General matters
8.1. Communication between Parties
The parties agree on the forms of communication pursuant to Item 8 of Order Details.
8.2. Disclosure and Use of Confidential Information

(a) All obligations of confidence set out in this Agreement continue in full force and
effect after the Completion Date.
(b) The Provider must not disclose any Confidential Information to any third party,
including the customer and/or its agents, employees or servants, without the prior
consent of the Recipient.

(c) If the Provider discloses any Confidential Information to a third party without prior
consent of the Recipient, the Provider will notify the Recipient as soon as
practicable.
(d) Notwithstanding clause 8.2(b), if the Provider discloses any Confidential Information
to a third party without the prior written consent of the Recipient, the Provider is
liable for any damage suffered by the Recipient and/or the customer as a
consequence of the disclosure.
(e) Each party must keep confidential the terms of this Agreement. If a party becomes
aware of a breach of this obligation, that party will immediately notify the other party.
(f) The Provider must not use any Confidential Information without the prior consent of
the Recipient.
(g) If the Provider uses any Confidential Information without the prior written consent of
the Recipient, the Provider will notify the Recipient as soon as practicable.
(h) Notwithstanding clause 8.2(f), if the Provider uses any Confidential Information
without the prior consent of the Recipient, the Provider is liable for any damage
suffered by the Recipient and/or the customer as a result of the use.
(i) This Agreement prohibits the disclosure of Confidential Information by the Provider
with exception to the following circumstances:
(i) the disclosure is to a professional adviser for it to provide advice in relation
to matters arising under or in connection with this Agreement and the
Recipient has consented to the disclosure of such information to the
professional adviser;
(ii) the disclosure is required by applicable law or regulation; or
(iii) if the confidential information is already in the public domain at no fault of the
Provider.
8.3. No partnership or agency
Nothing contained or implied in this Agreement will create or constitute, or be deemed to

create or constitute, a partnership between the parties. A party must not act, represent or
hold itself out as having authority to act as the agent of or in any way bind or commit the
other parties to any obligation.
8.4. Governing Law & Jurisdiction

(a) This Agreement is governed by the laws of ____________________, Australia.
(b) In the event of any dispute arising out of or in relation to the Services, the Provider
agrees that the exclusive venue for resolving any dispute shall be in the courts of
Australia, situated in ____________________, Australia.
8.5. Dispute Resolution & Mediation
(a) If a dispute arises out of or relates to the terms of this Agreement, either party may
not commence any legal proceedings in relation to the dispute, unless the following

clauses have been complied with (except where urgent interlocutory relief is
sought).
(b) A party to this Agreement claiming a dispute (the 'Dispute') has arisen under the
terms of this Agreement, must give written notice to the other party detailing the
nature of the Dispute, the desired outcome and the action required to settle the
Dispute (the 'Notice').
(c) On receipt of the Notice by the other party, the parties to this Agreement (the
'Parties') must within seven days of the Notice endeavour in good faith to resolve
the Dispute expeditiously by negotiation or such other means upon which they may
mutually agree.
(d) If for any reason whatsoever, 21 days after the date of the Notice, the Dispute has
not been resolved the Parties must either agree upon selection of a mediator or
request that an appropriate mediator be appointed by Mr. Utkarsh Sangve or his or
her nominee and attend a mediation.
(e) It is agreed that mediation will be held in ____________________, Australia.
(f) The Parties are equally liable for the fees and reasonable expenses of a mediator
and the cost of the venue of the mediation and without limiting the foregoing,
undertake to pay any amounts requested by the mediator as a pre-condition to the
mediation commencing. The Parties must each pay their own costs associated with
the mediation.
(g) All communications concerning negotiations made by the Parties arising out of and
in connection with this dispute resolution clause are confidential and to the fullest
extent possible, must be treated as "without prejudice" negotiations.
(h) If thirty (30) days have elapsed after the start of a mediation of the Dispute and the
Dispute has not been resolved, either party may ask the mediator to terminate the
mediation and the mediator must do so.
(i) In the event that the Dispute is not resolved at the conclusion of the mediation,
either party may institute legal proceedings concerning the subject matter of the
Dispute thereafter.
8.6. Severance
Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction will,
as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability
without invalidating the remaining provisions of this Agreement or affecting the validity or
enforceability of such provisions in any other jurisdiction.
8.7. Assignment
The Provider agrees for the Recipient to delegate, assign, novate and/or subcontract any
obligations pursuant to this Agreement to any person without the Provider's consent.

8.8. Entire Agreement and Modifications

(a) Both the Recipient and the Provider confirm and acknowledge that:
(i) This Agreement shall constitute the entire agreement between the Provider
and the Recipient and shall supersede and override all previous
communications, either oral or written, between the parties;
(ii) No agreement or understanding varying or extending this Agreement shall
be binding upon any party unless arising out of the specific provisions of this
Agreement; and
(iii) If for whatever reason there is inconsistency between this Agreement and
any other agreement, this Agreement shall prevail.

Executed as an Agreement
Executed for Arihant Veg Oils Pvt. Ltd.

by its authorised representative:
Signature Date
Name
Executed for Mr. Sunil Shinde

by its authorised representative:
Signature Date
Name


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MARKET RESEARCH AGREEMENT

Arihant Veg Oils Pvt. Ltd. (ACN ____________________) of of ____________________ (Recipient)

1. Commencement Date 19 Feb 2024

2. Completion Date 15 Mar 2024

3. The Services Market Research - Market Survey in Latur

6. Payment Arrangement 50% advance and 50% after data submission

7. Method of Payment Method of payment can be by cheque or online

8. Agreed Forms of Communication The Recipient and the Provider agree to

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and do not agree to communicate by:

1. Definitions and interpretation

Agreement means this Market Research Agreement including any annexure;

Commencement Date means 19 Feb 2024;

Completion Date means 15 Mar 2024;

Confidential Information means any information that is:

(a) Information, ideas forms, specifications, processes, statements, formulae, trade

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(a) references to a person include an individual, form or a body, whether incorporated

2. Commencing and completing the Services

2.2. Completing the Services

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2.3. Rejection of the Services

2.4. Alterations to the Services

2.5. Outside Work

2.6. Warranty Period for the Services

● to cancel your service contract with us; and

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obtain a refund for the unused portion of the contract.

3. Payment for the Services

3.2. Time and Method for Payment

3.3. Goods and Services Tax

4. Copyright and Intellectual Property Rights

5. Termination of this Agreement

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5.2. For the Provider

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6.1. Non-Solicitation of Personnel

6.2. Non-Solicitation of Clients

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7. Liability and waivers

8.2. Disclosure and Use of Confidential Information

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Nothing contained or implied in this Agreement will create or constitute, or be deemed to

8.4. Governing Law & Jurisdiction

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8.8. Entire Agreement and Modifications

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Executed for Arihant Veg Oils Pvt. Ltd.

Executed for Mr. Sunil Shinde

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Arihant Veg Oils Pvt. Ltd. (ACN ) of of (Recipient)