APP DEVELOPMENT AGREEMENT.

This App Development Agreement (hereinafter referred to as the “Agreement”) is made and entered on this ____ day of _____ 2021 (the “Effective Date”), between _______________________, Contact Info: Address: ________________________________ Phone: ________________________ (hereinafter referred to as the “Company”), and _____________________________________, Contact Info: Address: ____________________________________ Phone: ______________________________ (herein referred to as the “Developer”).

NOW THEREOF, in consideration of the mutual covenants and promises made by the Parties hereto, the Parties covenant and agree as follows:

  1. TERM.

The initial term of this Agreement shall be for a period of ______________ [Days/Weeks/Months/Years], commencing on the Effective Date herein. 

  1. SCOPE.

The Developer shall develop an Application for the Company, with the details and specifications provided by the Company for the functionability intended.

  1. PAYMENT/CONSIDERATION.

The Parties agree and acknowledge that the Company paid the Developer ____________ Dollars for App development services.

  1. NON-COMPETE.

The Developer acknowledges and understands that they shall not, during this Agreement and/or termination/cancellation thereof, develop the same or a similar App as the one covered under this Agreement for themselves and/or for a third party without prior notification and/or consent from the Company.

  1. INTELLECTUAL PROPERTY.
    1. The Developer understands that after the completion of the project and the App operations have been transferred to the Company, the Company shall own any and all copyrights and/or intellectual proprietary rights to the App which shall include but not limited to using, reusing, commercializing and upgrading the App as the Company shall see fit.
    2. The Developer shall promptly and fully disclose to the Company any and all ideas, inventions, technologies, discoveries, improvements, know-how, processes, practices, procedures, compositions, devices improvements, methods, data, ideas, works of authorship, discoveries, or other subject matter that the Developer conceives, reduces to practice or develops during the term of this Agreement, alone or in conjunction with others, including without limitation any and all invention(s) which relate to the App and which the Developer made, first reduced to practice or owns in the course of performing the services covered under this Agreement , including without limitation any and all related patents, copyrights, trade secrets, trademarks throughout the world (and applications for registration of the same) (collectively, “Inventions”). 
    3. The Developer agrees to assign, and hereby irrevocably does assign, transfer and convey to the Company all right, title and interest to all such inventions and developments. The Developer hereby appoints the Company as the Developer’s agent and attorney in fact, to act for and on the Developer’s behalf for the purpose of effecting the foregoing assignment from the Developer to the Company, for executing and filing the requisite applications and to do all other lawfully permitted acts to further the prosecution and issuance of patents, copyrights, trademarks and other registrations with the same legal force and effect as if executed by the Developer..  
    4. The Developer represents and warrants that (i) the Developer is the owner of the entire right, title and interest in and to any works covered therein; (ii) the Developer has the sole right and authority to enter into the Agreement and grant the rights hereunder; (iii) the Developer has not previously granted any rights or licenses in or to the works covered herein; (iv) unless approved by the Company in writing, the Developer shall not incorporate any intellectual property belonging to the Developer or third parties into any works covered herein; (v) the Developer is in compliance with all federal, state, county, and municipal laws, regulations and ordinances applicable to the Developer and shall perform the services covered herein without violation of the foregoing; and (vi) the Developer is qualified to perform the services covered herein.
  2. RELATIONSHIP BETWEEN THE PARTIES.

The Developer shall be retained as an independent contractor.  The Developer shall be fully responsible for payment of their own income taxes on all compensation earned under this Agreement. The Company shall not withhold or pay any income tax, social security tax, or any other payroll taxes on the Developer’s behalf during the term of this Agreement.

  1. ASSIGNMENT/WAIVER.

The Developer shall not assign its rights or obligations under this Agreement without prior written Notice or consent of the Company. The waiver by either party of any breach or failure to enforce any of the terms and conditions of this Agreement at any time shall not in any way affect, limit, or waive such party’s right thereafter to enforce and compel strict compliance with every term and condition of this Agreement.

  1. DISPUTE RESOLUTION.

In the event of disputes arising about the execution of this Agreement and/or performance of obligations stated herein, the Parties shall solve such issues through arbitration process in accordance with the ADR rules and regulations of Slovakia.

  1. TERMINATION/CANCELLATION.

Either Party can, at any time, terminate/cancel this Agreement by issuing the other Party with a written ______ day termination/cancellation written Notice.

  1. MODIFICATION.

This Agreement contains the entire Agreement between the Parties relating to the subject matter hereof and supersedes any and all prior agreements or understandings, written or oral, between the Parties related to the subject matter hereof.  No modification of this Agreement shall be valid unless made in writing and signed by both parties hereto. 

  1. GOVERNING LAW/JURISDICTION.

This Agreement shall be governed by and construed in accordance with the laws of Slovakia. Exclusive jurisdiction and venue shall be in Slovakia. 

Each party represents and warrants to the other that such party has acted in good faith, and agrees to continue to so act, in the negotiation, execution, delivery, performance, and any termination of this Agreement.

IN WITNESS WHEREOF, this Agreement has been executed by the parties as of the Effective Date.

COMPANY: ____________    _______________________________    ___________

                      (SIGNATURE)                  (NAME)                                             (DATE)

DEVELOPER: _____________ _____________________________________      ___________

                     (SIGNATURE)                               (NAME)                                         (DATE)

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