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Title: |
Consulting Agreement |
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Entities: |
Elderwatch Inc |
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Date: |
2006 |
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Size: |
19KB total |
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Price: |
$34 |
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ID: |
#2495221 |
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Start of
Preview |
CONSULTING AGREEMENT
THIS AGREEMENT (Agreement), effective as of the 25th day of August, 2006 (the "Effective Date"), by and between Energtek Inc. (the Corporation) a corporation registered in Nevada having its principle place of business at 26 East Hawthorne Avenue, Valley Stream, New York 11580 and P.G. Engineering S.A. (the Consultant) a company registered in Nevis and having its principle place of business at 9 Chelabinskaya Str., Suite 195, Kiev, Ukraine.
WHEREAS, Consultant is engaged in the business of providing engineering services and performing R&D activities; and
WHEREAS, the Corporation desires to engage the Consultant to perform certain services in the field of alternative energy(Services) as set forth hereunder, all in accordance with and subject to the terms of this Agreement;
NOW, THEREFORE, IN CONSIDERATION OF THE PREMISES AND THE MUTUAL COVENANTS AND CONDITIONS HEREINAFTER SET FORTH, THE PARTIES AGREE AS FOLLOWS:
| 1. |
PROJECT SPECIFICATIONS |
Consultant hereby agrees to perform those precise services to be mutually agreed upon by the Parties and set forth in one or more task orders (each a Task Order), a form of which is attached hereto as Exhibit A. Each Task Order shall be signed by an authorized representative of each party and shall include detailed information concerning a given project, including a description of the specific services to be provided (Scope of Work), project milestones and target completion dates (Project Schedule), a detailed budget (Project Budget), and a schedule of payments related to the Project Schedule and the Project Budget (Payment Schedule).
| 2.1. |
Each Task Order shall contain project timelines, milestones or target dates for completion of a project or a portion thereof, and all such schedules shall be reasonable for the Services to be provided. In all events, the Parties shall use their reasonable best efforts to comply with each Task Order. |
| 2.2. |
If at any time either Party anticipates a delay in meeting the timelines for a given Task Order as set forth in its Project Schedule, either due to changes to the Services requested by the Corporation, or other causes, then the anticipating Party shall promptly notify the other Party in writing, specifying the reason for the delay and the anticipated effect upon the timelines, milestones or other deliverables. |
Any change in the details of a Task Order or the assumptions upon which the Task Order is based may require changes in the Project Budget, Payment Schedule or Project Schedule. Every such change shall require a written amendment to the Task Order (a Change Order). Each Change Order shall detail the requested changes to the applicable task, responsibility, duty, budget, timeline or other matter. The Change Order will become effective upon the execution of the Change Order by both Parties, and the Change Order will specify the period of time within which Consultant must implement the changes. Both Parties agree to act in good faith and promptly when considering a Change Order requested by the other party but neither party is obligated to execute a Change Order. No Change Order shall become effective unless and until it is signed by both Parties.
| 4. |
PROJECT BUDGET, PAYMENT SCHEDULE, AND TERMS |
| 4.1. |
The Corporation agrees to pay the Consultant for the Services rendered pursuant to the Project Budget and Payment Schedules included in each Task Order. |
| 4.2. |
The Corporation agrees to reimburse the Consultant for reasonable pass-through expenses identified in the Task Order and incurred by the Consultant in providing the Services in accordance with the relevant Task Order, up until the pre agreed cap sum agreed ("Expenses") as specified in the relevant Task Order. All Expenses billed to the Corporation by the Consultant must be accompanied by appropriate documentary evidence, such as receipts or other documentation reasonably acceptable to the Corporation. |
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