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Consulting Agreement

 

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Title:

Consulting Agreement

Entities:

Innexus Biotechnology Inc

Date:

2004

Size:

15KB total

Price:

$36

ID:

#1261208

 

 

► Fee Agreements ► Consulting Agreements

 

 

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CONSULTING AGREEMENT


This Agreement is made as of January 15, 2004 by and between Garth Likes and BC Company 672442 (Consultant) and InNexus Biotechnology Inc. (Company).


RECITALS


WHEREAS, the Company wishes to retain the services of a Consultant with extensive experience to assist the Company as described in Exhibit A; and


WHEREAS, the Company is authorized to retain the Consultant to advise the Company, and Consultant is authorized to provide such services.


NOW, THEREFORE, in consideration of the mutual promises set forth herein, Company and Consultant hereby agree as follows:


1. Description of Work and Deliverables. Consultant shall provide consulting work as defined in EXHIBIT A, which describes the objectives and deliverables.


2. Term. Consultant shall perform the functions stated above through dates stated in EXHIBIT A. Subject to the mutual consent of the Company and the Consultant, this Agreement may be extended by a mutually agreed upon term.  This Agreement shall be terminable by mutual agreement in writing signed by the Company and Consultant at any time. In case of termination prior to completion of work as outlined in Exhibit A Company will give Consultant a minimum of two weeks  notice of its intent of early termination.


Termination of the Agreement for any reason shall not terminate any rights or obligations arising before such termination and shall not prejudice either party's right it may have to claim damages or injunctive relief against the other party.  Further, the obligations regarding confidentiality and ownership of work, provided for below, shall survive termination or expiration of this Agreement.  Payment for services prior to termination is provided for in paragraph 3 herein.


3. Payment. In consideration of the services rendered to Company by Consultant hereunder, Consultant shall invoice the company monthly in advance for services rendered, in accordance with those set forth in EXHIBIT A.  Payments will be made within 5 days of applicable payment due date. In the event of termination under paragraph 2 of this agreement, Consultant shall be entitled only to payments through the effective time of cancellation. Company shall reimburse Consultant for any reasonable expenses incurred pursuant to the work set forth in Exhibit A. In order to qualify for such reimbursement, Consultant shall be required to submit to Company an expense report containing reasonable detail and sufficient backup documents.


4. Progress Reports. If requested by the Company, Consultant shall provide the Company with written progress reports detailing the work completed, work to be done and foreseen delays.


5. Independent Consultant Status. Consultant is an independent Consultant of the Company and is not under any circumstances whatsoever to be, nor is it the intent of the parties hereto, that any staff of Consultant shall be considered an employee. Nothing in this Agreement shall be construed as a guarantee of future employment or engagement, or as a limitation upon the Company's sole discretion to terminate this Agreement at any time without cause, nor is this Agreement to be considered a joint venture or partnership. Consultant at its sole cost and expense will maintain employee and business insurance such as worker's compensation insurance as required by law. Consultant will pay all employment or business taxes applicable to its business that may arise from this Agreement. Consultant further agrees to be responsible for all of Consultant's federal and provincial taxes, withholding taxes, social security, insurance, and other benefits.  Consultant shall provide the Company with satisfactory proof of independent Consultant status.


 

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