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SUMMARY:
This is a statement of work proposed to be entered between Dark Matter LLC and
Alpha Data LLC whereby Alpha Data LLC, being the Consultant in therein agreement,
shall provide consultancy services to Dark Matter including but not limited to creation
and development of intellectual property, software code, or other tangible inventions,
know-how, ideas or discoveries, as agreed by both parties and such services as
described in the agreement.
The Agreement has been reviewed and here are the concerns on the agreement:
1. INTERPRETATION
On the term “Key Person(s)”
Shall mean a “key individual” employed by the Consultant as may be provided
from time to time under this Agreement to provide personal services to Client, as
specified in Schedule 1 hereto;
Comment: The more appropriate legal term for the agreement regarding Key
person(s) is MANPOWER since this agreement pertains to the Alpha Data as the
Consultant providing services to the Client through the Manpower of Alpha
Data LLC.
the Commencement Date applicable to such Key Person shall give the right to
Client to promptly terminate this Agreement in whole or in part.
Comment:
Failure of Key Person(s) to enter into said confidentiality agreement with Client,
prior to the Commencement Date applicable to such Key Person, the Client shall
give a five (5) day-notice to the Consultant and Key-persons to comply with the
said requirement. Otherwise, the Client has the discretion to refuse the services
of the Key-person and the Consultant shall provide another in exchange of the
refused key-person.
Comment:
Failure of Key Person(s) to enter into said confidentiality agreement with Client,
prior to the Commencement Date applicable to such Key Person, the Client shall
give a five (5) day-notice to the Consultant and Key-persons to comply with the
said requirement. Otherwise, the Client has the discretion to refuse the services
of the Key-person and the Consultant shall provide another in exchange of the
refused key-person.
Comment: The Client shall provide for the time of the performance of the
Consultant and Key Persons. Upon specification of the time, it shall be the duty
of the Consultant and the key persons to fully comply and accomplish the work
CONTRACT REVIEW
services in accordance to the specified time. (The clause in the contract is not
clear because the reasonable time may not be fully identified.)
(a) require a third party to carry out the Services in which case Consultant
shall indemnify Client against any losses, expenses, costs, claims, liabilities and
damages incurred by Client; and/or
(b) terminate this Agreement together with any other contract or agreement
with Consultant.
Comment: Upon the specified time by the Client, the Consultant shall comply
immediately according to the tenor of the Client’s requirement. In any case the
Consultant fails to comply, the Client shall be given the right to reprimand for
the first time and demand the performance of the task within five (5) days. In the
second event that the Consultant fails to comply, the client has the prerogative to
terminate this agreement and require a third party to carry out the unfulfilled
services of the Consultant.
8.4 The insurances referred to in Clause 8.3 shall be with a reputable insurer
established and licensed, in either Consultant’s home jurisdiction or in the
United Arab Emirates (who shall be approved by Client). Consultant shall
indemnify and hold harmless, and keep indemnified and held harmless, Client
and its Affiliates from and against any claims, liabilities, costs, losses or damages
in any way related to the failure on the part of Consultant or its subcontractors to
maintain the insurances required under this Clause 8. Consultant shall be solely
responsible for any excesses or deductibles applicable under any of the
insurances specified in Clause 8.3.
8.5 Without prejudice to the above, Consultant shall ensure that the
indemnity limits under the insurance policies set out in this Clause 8 shall be a
minimum requirement and shall not be construed in any way as a limit of
liability or as constituting acceptance by Client of responsibility for any liability
in excess of such indemnity limits.
8.6 If requested by Client, Consultant shall cause its insurers or agents to
provide Client for its review and approval full copies of the insurance policies
evidencing the policies and terms that are required to have been procured by
Consultant pursuant to this Clause 8. If requested by Client, Consultant shall
also provide Client with copies of receipts or statements from its insurers
evidencing payment of the annual premiums in respect of the insurance coverage
and endorsements or that such premiums are not overdue.
8.7 It shall be Consultant’s responsibility to ensure that any agent or sub-
contractor engaged by it effects and maintains all insurances required by law and
all such other insurances as Consultant may consider necessary. Any deficiencies
in the cover or policy limits of insurances of such agents or sub-contractors shall
be the sole responsibility of Consultant.
Comment:
To the fullest extent permitted by law, the parties waive and relinquish any
claims, demands, and causes of action or recoveries for punitive damages,
exemplary damages, or statutory damages.
damage to business reputation, regardless of the theory upon which any claim
may be based, including any tort or statutory causes of action.
13.3 Client shall have the right to terminate this Agreement forthwith upon
notice if Consultant:
(a) breaches any terms or conditions of this Agreement which breach is not
capable of remedy or, in the case of a breach which is capable of remedy, if
Consultant fails to take all reasonable steps to remedy the breach within fourteen
(14) days of notice by Client specifying the breach to be remedied, save that
where Consultant commits a breach of this Agreement which is capable of
remedy on more than two occasions in any six (6) month period, Client shall be
entitled to terminate this Agreement forthwith notwithstanding that Consultant
has taken steps to remedy the breach on previous occasions; or
(b) if Consultant enters into liquidation (or any like or analogous process)
whether compulsory or voluntary or if it compounds with its creditors or has a
receiver, administrative receiver, manager or administrator appointed over all or
any of its assets (or any like or analogous process) or is unable to pay its debts
within the ordinary course of business.
the proportion of the price payable for the Services which represents the work
properly and satisfactorily carried out or, where the Services are charged on a
time basis, for the time properly and necessarily spent on the Services prior to
termination.
Comment:
The Client may terminate this agreement only upon reasonable and justifiable
causes giving fifteen (15) day-notice to the Consultant for the finality of this
agreement, or in such case the cause for termination may be given remedy, the
Consultant shall be given ten (10) day-period to remedy any breach.