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This Contract for Advisory Services (“Contract”) made on this DATE at New
Delhi between Company Name , a company incorporated under the Companies
Act, having its registered office at COMPANY ADDRESS , hereinafter referred to
as “COMPANY”, which expression shall unless repugnant to the context include
its successor, and permitted assigns of one part and CONTRACTEE NAME
AND ADDRESS hereinafter referred to as Advisor, which expression, unless
repugnant to the context, shall mean and include successor, and permitted
assigns of the second part.
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ARTICLE - I - PURPOSE OF THE AGREEMENT
a. That both the Parties to the Contract have agreed and asserted that
the sole purpose of this Contract is to provide the Consultancy
Services to COMPANY in lieu of a monthly Rs. FEES/- (Rupees
---Only) Consultancy fee.
a) That this Contract shall be valid initially for a period of one year
commencing from Date, and can be renewed for further terms of one year
each with mutual consent.
c) This Contract can be terminated due to the events mentioned in Article III
of this Contract by COMPANY and by Advisor as per Article IV of this
Contract.
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ARTICLE - III - EVENTS OF DEFAULT
d. In the event of any material breach of this Contract, including, but not limited
to any breach of “Confidentiality Clause” as provided hereunder.
That Advisor can terminate this Contract on the happenings of any of the
following events:
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ARTICLE - V - CONSIDERATION
b. That Advisor will raise invoices for the services provided to ------COMPANY
------ on a monthly basis.
That in the event of any dispute arising out of or pertaining to the provisions of
this agreement, the Parties shall try to resolve the dispute in an informal and
amicable manner. If the Parties are unable to settle the matter within 30 days
after such notification either party may commence arbitration proceedings to
resolve such matter as per the Arbitration and Conciliation Act, 1996 through the
appointment of a sole arbitrator who shall be appointed by the Office Head. The
venue of the arbitration will be New Delhi.
ARTICLE-VII-JURISDICTION
That the Courts at Delhi shall have the exclusive jurisdiction in the event of any
dispute arising between the Parties.
ARTICLE-VIII- CONFIDENTIALITY
That it is agreed between both the parties that during the performance of this
Contract, the Advisor will be accessing, whether intentionally or otherwise,
various Information pertaining to ------COMPANY ------, its business, employees
or any other information which may be used by any other party to the detriment
of ------COMPANY ------ “------COMPANY ------s Confidential Information”
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That the Advisor, at all times, both during the Term of the Contract and for a
period of one (1) year thereafter, keep in confidence all of the “------COMPANY
------Confidential Information, and will not use such Confidential Information
without the other Party’s prior written consent. The Advisor will take reasonable
measures to maintain the confidentiality of the “------COMPANY ------Confidential
Information. Advisor will immediately give notice to “------COMPANY ------ of any
unauthorized use or disclosure of the other “------COMPANY ------Confidential
Information of which it becomes aware.
That it is clearly understood and agreed that Advisor shall not use the name of
“------COMPANY ------or its association with “------COMPANY ------in any
communication or statement without the prior approval of “------COMPANY ------. In
addition, Advisor shall not make, cause or support any public/press statement
referring to or containing “------COMPANY ------, its business or line of activity.
That this Contract is for providing of Consultancy Services and is not intended to
make or otherwise construe an Employer Employee relationship.
The Advisor shall compensate and indemnify “------COMPANY ------for any loss
resulting from any action/inaction or omission, whether deliberate or otherwise.
That the Company shall not be responsible or liable for any claim raised by the
aforementioned Consultant(s) and/or associates arising out of this MOU or on
account of working in the premises of the Company
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ARTICLE -X- WAIVER
Advisor shall not assign its rights or delegate its duties under this agreement either
in whole or in part without the prior written consent of “------COMPANY ------. Any
attempted assignment or delegation shall be with the express consent of the other
party.
It is expressly understood that if either Party on any occasion fails to perform any
term of this agreement and the other Party does not enforce that term, the failure to
enforce on that occasion shall not prevent enforcement on any other occasion.
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IN WITNESS WHEREOF the parties have set their hands to this Contract on the
date mentioned herein above.
That the parties, in mutual trust and agreement have signed this on the date and
place mentioned hereinabove.
Witnesses
1.
2.