BUSINESS CORPORATION AGREEMENT.
This Business Corporation Agreement (hereinafter referred to as the “Agreement”) is made and entered on this ______ day of _______ 2021 (the “Effective Date”), between __________________, Contact Info: ___________, (hereinafter referred to as the “Company”), and _________________, Contact Info: ____________ (herein referred to as the “Business”).
WHEREAS, the Company is a pharmaceutical establishment that distributes medicine in Cyprus.
NOW THEREOF, in consideration of the mutual covenants and promises made by the Parties hereto, the Parties covenant and agree as follows:
The initial term of this Agreement shall be for a period of Three Years, commencing on the Effective Date herein, renewed yearly.
- The Business shall be responsible for developing, sourcing, manufacturing, and marketing for projects for the Company.
- The Business shall develop brands and register the trademarks used on the products that the Company sells.
The Company shall pay the Business __________, for the services covered under this Agreement. Payments shall be made _______________.
- COPYRIGHT/INTELLECTUAL PROPRIETARY RIGHTS.
The Business understands and acknowledges that all and any copyrights and intellectual property associated with the Company such as the Company’s patented medicine, logos, names e.t.c shall be the Company’s property. The Business understands that its association with the Company during the term of this Agreement shall not in any way confer upon it any right to the copyrights and intellectual proprietary rights covered under this Agreement. The Business shall not use or commercialize and/or pass off any of the copyrights and intellectual proprietary rights herein protected with a written consent from the Company.
The Business shall not be held responsible and/or liable for any harm caused by the Company’s medicine and/or products. The Company agrees that it shall protect and indemnify the Business against all and any legal claims arising from use of the Company’s medicine and/or products. The Company shall be solely responsible in the event of legal action arising from the use of the Company’s medicine and/or products.
The Parties agree to keep details of this Agreement and any other confidential information about the Company covered under this Agreement and the dealings of the Company confidential. The Business acknowledges that during the term of this agreement and for the purpose of performing its obligations as covered herein, it may have access to Company’s confidential information. The Business shall not use the said information without prior written consent by the Company except when;
- The information is required by law.
- The information is already in the public domain.
- This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and assigns, provided that none of the Parties may assign any of their obligations under this Agreement without prior written consent of the Parties.
- The waiver by either Party of any breach or failure to enforce any of the terms 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.
- 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 a mediation process.
The Parties acknowledge that any Party can terminate/cancel this Agreement at any time provided that they issue a ___ day Written Notice on the same.
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.
- GOVERNING LAW/JURISDICTION.
This Agreement shall be governed by and construed in accordance with the laws of ___________ [State/Country]. Exclusive jurisdiction and venue shall be in _______________ [State/Country].
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)
BUSINESS: _____________ ________________________ ___________
(SIGNATURE) (NAME) (DATE)
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