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Consulting Agreement

 

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Title:

Consulting Agreement

Entities:

GlobeTel Communications Corp.

Date:

2007

Size:

Preview shows 4KB of 26KB total

Price:

$39

ID:

#2874036

 

 

► Fee Agreements ► Consulting Agreements
► Services ► Communications Services

 

 

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                              Consulting Agreement


This Agreement is made on the ___ day of February 2007 by and between GlobeTel
Communications Corporation, a Delaware Corporation, a publicly traded company
whose common stock trades under the symbol GTEM, GlobeTel Wireless, Corp., a
Florida corporation ("GlobeTel Wireless"), which is a wholly owned subsidiary of
GTEM (GlobeTel Wireless and GlobeTel Communications Corporation are referred to
herein as "GlobeTel"), and Ulrich Altvater, an individual (referred to herein as
"Altvater").

Recitals

Whereas, GlobeTel and Altvater wish to redefine the relationship and define
rights, compensation and property in a new relationship. Altvater will become a
consultant for GlobeTel subject to the terms and conditions of this Consulting
Agreement. Altvater will be free to pursue his own development and customers in
his own business while serving as a Consultant to GlobeTel Wireless, subject to
the terms and conditions set forth below.

Now, therefore, in consideration of the mutual covenants contained in this
Agreement, the parties agree to with the following terms and conditions:

Recitals And Compromise

The above stated recitals true and correct and made a part hereof.

Consideration To Altvater

a. Office Supplies and Equipment. The title and ownership of any office
supplies and equipment set forth on Exhibit B hereof, and which is
located at 2675 South Horseshoe Avenue, Suite 401, Naples, Florida,
shall be transferred to Altvater upon execution hereof. Full title
of any property or asset on Exhibit B and transferred to Altvater
under this agreement shall be transferred to and vest in Altvater
upon execution hereof and shall be taken free and clear of any
liens, debts, obligations or encumbrances on the date of execution
of this Agreement, and Altvater shall then be given immediate
possession of the foregoing.

b. Intellectual Property. Any Technology or Intellectual Property
("Intellectual Property") developed by Altvater after the execution
of this agreement will be the sole property of Altvater
(Intellectual Property shall include all trademarks, service marks,
trade names, together with all goodwill, registrations and
applications related to the foregoing ,patents, designs, design
registrations or applications, works of authorship, trade secrets
and other confidential information, know how, proprietary processes,
formulae, algorithms, models, methodologies, computer software
programs or applications, databases, schematics, designs and
tangible or intangible proprietary information or material
inventions and discoveries, whether patentable or not, patents,
registrations, invention disclosures and applications, confidential
information, know how, processes, business methods, formulae,
drawings, prototypes, models, designs, customer lists, computer
programs, source code, and executable code, whether embodied in
software, architecture, documentation, designs, files, records,
databases, and data, inventions (whether or not patentable),
discoveries, improvements, technology, and proprietary and
confidential information.) If GlobeTel engages Altvater to develop
any technology, the Intellectual Property paid for by GlobeTel shall
be the exclusive property of GlobeTel. This Agreement is not a
license to any Intellectual Property currently owned or licensed by
GlobeTel (except as set forth in subpart "c" below), including but
not limited to the assets purchased from HotZone Wireless LLC,
pursuant to that certain Asset Purchase Agreement, dated June 2,
2005. Any subsequent development of Intellectual Property by

 

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