Basic
Contract #1
XYZ ASSOCIATES,
INC.
STANDARD CONTRACT
This Agreement
is made this 1st day of March, 2003, between Client Company,
Inc. ("Client"), having its principal place of business at
321 Some Street, Boston, MA 02102 and XYZ Asscoiatess, Inc.
("XYZ Associates"), having its principal place of business
at 1234 Other Street, Providence, RI 02903. In consideration
of Client retaining XYZ Associates to conduct an independent
study for Client, it is agreed as follows:
1. Compensation and Term
Client hereby
retains XYZ Associates and XYZ Associates hereby agrees to
perform the following services: Consulting services of XYZ
Associates as required by Client, through May 1st, 2003. XYZ
Associates will at various times perform services at Client's
headquarters, at other Client facilities, or at XYZ Associates
facilities, as directed by Client. XYZ Associates will perform
the services at various times and for various durations as
directed by Client.
The following
fees shall apply:
$X per hour for
services when less than 25 hours of services are performed
in a 90 day period. $X per hour for services when more than
25 but less than 150 hours of services are performed in a 90
day period.
$X per hour for
services when more than 150 hours of services are performed
in a 90 day period.
Reasonable and
necessary business and travel expenses actually incurred by
XYZ Associates shall be reimbursed by Client upon submission
of expense reports with back-up documentation, except that
no travel expenses shall apply for assignments within a 100
mile radius of downtown Providence. All such expenses in excess
of $25 and all travel plans must be approved in advance by
Client.
XYZ Associates
shall provide detailed invoices and shall maintain, and provide,
upon request, backup documentation for a period of one year
from the date of the respective invoices. Client shall make
full payment for services within thirty days of invoice. If
XYZ Associates brings a legal action to collect any sums due
under this Agreement, it shall be entitled to collect, in addition
to all damages, its costs of collection, including reasonable
attorney's fees.
This Agreement
shall commence on the date stated above, and shall remain in
effect until all obligations under this Agreement have been
properly completed. Either party to this Agreement may terminate
this Agreement with or without cause by providing at least
seven days written notice to the other party.
2. Warranties
by XYZ Associates
XYZ Associates
represents and warrants to Client that it has the experience
and ability to perform the services required by this Agreement;
that it will perform said services in a professional, competent
and timely manner; that it has the power to enter into and
perform this Agreement; and that its performance of this Agreement
shall not infringe upon or violate the rights of any third
party or violate any federal, state and municipal laws. However,
Client will not determine or exercise control as to general
procedures or formats necessary to have these services meet
Client's satisfaction.
3. Insurance
XYZ Associates
shall obtain and maintain during the term of this Agreement
insurance, including worker's compensation, motor vehicle,
and comprehensive general liability.
4. Independent
Contractor
XYZ Associates
acknowledges that the services rendered under this Agreement
shall be solely as an independent contractor. XYZ Associates
shall not enter into any contract or commitment on behalf of
Client. XYZ Associates further acknowledges that it is not
considered an affiliate or subsidiary of Client, and is not
entitled to any Client employment rights or benefits. It is
expressly understood that this undertaking is not a joint venture.
5. Confidentiality
XYZ Associates
recognizes and acknowledges that this Agreement creates a confidential
relationship between XYZ Associates and Client and that information
concerning Client's business affairs, customers, vendors, finances,
properties, methods of operation, computer programs, and documentation,
and other such information, whether written, oral, or otherwise,
is confidential in nature. All such information concerning
Client is hereinafter collectively referred to as "Confidential
Information."
6. Non-Disclosure
XYZ Associates
agrees that, except as directed by Client, it will not at any
time during or after the term of this Agreement disclose any
Confidential Information to any person whatsoever and that
upon the termination of this Agreement it will turn over to
Client all documents, papers, and other matter in its possession
or control that relate to Client. XYZ Associates further agrees
to bind its employees and subcontractors to the terms and conditions
of this Agreement.
7. Grant
XYZ Associates
agrees that its work product produced in the performance of
this Agreement shall remain the exclusive property of Client,
and that it will not sell, transfer, publish, disclose or otherwise
make the work product available to third parties without Client's
prior written consent. Any rights granted to XYZ Associates
under this Agreement shall not affect Client's exclusive ownership
of the work product.
8. Office Rules
XYZ Associates
shall comply with all office rules and regulations, including
security requirements, when on Client premises.
9. Conflict of
Interest
XYZ Associates
shall not offer or give a gratuity of any type to any Client
employee or agent.
10. Governing
Law
This Agreement
shall be construed and enforced in accordance with the laws
of the State of Rhode Island.
11. Entire Agreement
and Notice
This Agreement
contains the entire understanding of the parties and may not
be amended without the specific written consent of both parties.
Any notice given under this Agreement shall be sufficient if
it is in writing and if sent by certified or registered mail.
IN WITNESS WHEREOF,
Client and XYZ Associates have duly executed this Agreement
as of the day and year first above written.
XYZ ASSOCIATES,
INC.
By:
Name:
Title:
Date:
CLIENT
By:
Name:
Title:
Date:
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