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Service Contract Agreement

The document is an agreement between M/s. HXXXXX Technologies Pvt. Ltd. (Party of the First Part), Mr. XXXXXX (Party of the Second Part), and Mr. XXXXXX (Party of the Third Part or Surety). It details the responsibilities of each party. The key points are: - The agreement is valid for 6 months and can be extended by mutual agreement. - The first party will pay the second party a consolidated salary and provide a good working environment during the project. - The second party agrees not to share confidential information with third parties and will pay damages for abandoning the project early. - The third party guarantees the financial obligations of

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Neelam Rawat
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0% found this document useful (0 votes)
366 views

Service Contract Agreement

The document is an agreement between M/s. HXXXXX Technologies Pvt. Ltd. (Party of the First Part), Mr. XXXXXX (Party of the Second Part), and Mr. XXXXXX (Party of the Third Part or Surety). It details the responsibilities of each party. The key points are: - The agreement is valid for 6 months and can be extended by mutual agreement. - The first party will pay the second party a consolidated salary and provide a good working environment during the project. - The second party agrees not to share confidential information with third parties and will pay damages for abandoning the project early. - The third party guarantees the financial obligations of

Uploaded by

Neelam Rawat
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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AGREEMENT UNDER THE SERVICE CONTRACT

Agreement of Service Contract made on this the day of _____________ of 2013,


BY AND BE!EEN
M/s. HXXXXX Technologies Priv!e "i#i!e$ a com"any #egistered $nder he
Com"anies Act 1%&' having its #egistered (ffice at ) ***, ******,
Soma+ig$da, ,ydera-ad . &000/2 re"resented -y its A$thorised Signatory Mr.
%%% , The
%%%%%%%%%%%%%%%of the Com"any hereinafter referred to as 0irst "art for -revity
1hich term sha22 $n2ess re"$gnant to the conte3t mean and inc2$de its
S$ccessors.in.interest, sister com"anies, s$-sidiaries and assignees
AND
Mr. XXXXXXXXX S4o 5r6 XXXXXX, aged a-o$t &' Years, c$rrent2y residing at
Plo! No. XX( XXXXXXXXX( XXXXXXX, H)$er*$( +,,,-.666 hereinafter
referred to as Second 7art6
AND
Mr. XXXXXXXXX S4o 5r6 XXXXXX, aged a-o$t &' Years, c$rrent2y residing at
Plo! No. /+, 0n1ri) 2es! Ci!), Mi)13r, H)$er*$( +,,,-.666 hereinafter
referred to as hird 7art or S$rety6
!,E#EAS the first "arty is a re"$ted Soft1are com"any, 1hich is engaged in
the -$siness of Soft1are Deve2o"ment and having its #egistered (ffice at )
***, *****, ******, ******, ,ydera-ad . &000/2
!,E#EAS the second "art is -eing so em"2oyed -y the first "art in a "osition of
Soft1are Engineer and is desiro$s of sending the second "art a-road for some
s"ecific "ro+ect on a short term -asis 1ith first "art or its -$siness a22iance
"artners a-road6 A22 s$ch e3"endit$re invo2ved for the "ro+ect that might have to
-e inc$rred to1ards o-taining 8isas and other trave2 re2ated doc$ments etc6
1o$2d -e -orne -y the first "art6
!,E#EAS the third "art is the 0ather4,$s-and of the second "art and as s$ch
he is vita22y interested in his 1e2fare and em"2oyment and hence 1i22ing2y agreed
to e3ec$te this agreement "rotecting the rights of the first "art as contained in
this agreement6
!,E#EAS second and third "art have a2ready -een e3"2ained and made to
$nderstand the effort and e3"endit$re the first "art is inc$rring in sending the
second "art a-road, 1hich is one of the -asis for this agreement in addition to
inde"endent terms and conditions that find "2ace -oth in the a""ointment order
as 1e22 as this agreement6
!,E#EAS a22 the "arties hereto have decided to enter into this Agreement of
Service 1ith 9$arantee 1hich 1i22 -e m$t$a22y -eneficia2 to each other:
NO2 THIS DEED 2ITNESSETH AS 4O""O2S:
16 VA"IDIT5
A6 he va2idity of this agreement is for a "eriod of 6& months from the date
of this agreement, after 1hich it can -e f$rther e3tended $" to s$ch
"eriods of time as m$t$a22y agreed -et1een -oth the "arties6
B6 ;n the event, -oth the "arties to this contract are desiro$s of e3tending the
contract, they may do so 1ithin a "eriod of 7, days after the com"2etion
of the 12 5onths "eriod sti"$2ated in the agreement and if the agreement
is not e3tended 1ithin 30 days from e3"iry of the agreement then this
contract is a$tomatica22y terminated6
26 Res1onsi*ili!ies o8 !he 8irs! 1r!9
A6 he first "art $nderta<es to "rovide good 1or<ing environment to the
em"2oyee of the second "art d$ring the "eriod of service 1ith the first "art6
B6 he em"2oyer of the first "art 1i22 "ay a conso2idated sa2ary of
#s6______________4.=#$"ees _______________________ on2y> "er
month d$ring the first year d$ring the s$-sistence of this agreement and
-ased on the "erformance of the second "art, the "arty of first "art may
increase the sa2ary6
36 Res1onsi*ili!ies o8 !he secon$ 1r!9
A6 he second "art agrees not to transfer any information re2ating to the
<no12edge gained4o-tained d$ring the s"ecia2i?ed training4or 1or<ing to
any third "arty, d$ring the "eriod of this agreement6 he second "art
agrees to devote himse2f to a""2y the <no12edge gained -y him d$ring
training to1ards any activity s"ecified -y the first "art or -y the -$siness
a22iance "artners of the first "arty6
B6 ;n the event of the second "art a-andons the service of the first "art or
-$siness a22iance "artners of the first "art -efore the com"2etion of the
said "ro+ect4assignment, or -efore the e3"iry of the agreement he sha22
-e 2ia-2e to "ay a s$m of #s6_________________4. =#$"ees
__________________ on2y> 1hich is a gen$ine "re.estimate of the
amo$nt that 1o$2d -e inc$rred -y the first "art to1ards s"ecia2 trainings
and other e3"enses inc$rred -y them on the "arty of second "art, a"art
from any 2oss ca$sed -y the second "art to the first "art and the first
"art may recover the damage ca$sed -y the second "art, and the
second "art and the "arty of the third "art are +oint2y and severa22y 2ia-2e
to "ay #s6_______________4. =#$"ees _______________________
on2y> to the first "art and get re2ieved from the o-2igation of this
agreement6
@6 Non:Disclos3re ; Circ3#ven!ion:
A6 D$ring the co$rse of the em"2oyment, the second "art 1o$2d -e coming
across a 2ot of confidentia2 information "ertaining to the first "art and their
-$siness a22iance "artners or c2ients6 he second "art is therefore
e3"ress2y "rohi-ited from contacting, either direct2y or indirect2y, any of
the -$siness a22iance "artners or c2ients of the first "art for any
commercia2 "$r"ose invo2ving soft1are deve2o"ment, training or other
a22ied activities for a "eriod of @ years from the date of 2eaving the
em"2oyment of the first "art or the termination of this agreement6 A
-reach of this condition -y the second "art 1o$2d ma<e him and the "arty
of the third "art 2ia-2e to "ay a "ena2ty as sti"$2ated in the defa$2t and
"ena2ty c2a$se of this agreement6
B6 he second "art is a2so e3"ress2y "rohi-ited from disc2osing any s$ch
information that might -e detrimenta2 to the interest of the em"2oyer of the
first "art, their -$siness a22iance "artners or c2ients to any of their
res"ective com"etitors or third arties6 A -reach of this condition -y the
second "art 1o$2d ma<e him and the "arty of the third "art 2ia-2e to "ay a
"ena2ty as sti"$2ated in the Defa$2t and 7ena2ty c2a$se of this agreement6
C6 he second "art 1i22 a21ays <ee" the first "art informed of his c$rrent
residentia2 address a-road d$ring the s$-sistence of this contract6
&6 G3rn!ee:
By virt$e of this Agreement the "arty of the third "art sha22 -e the
g$arantor for a22 the financia2 2ia-i2ities of the "arty of the second "art
accr$ing and arising on acco$nt of the "erformance in -reach or
non"erformance of this agreement6
'6 Generl:
A6 ;t is c2ear2y $nderstood that any a""2ication deve2o"ed, ne1 discoveries or
co"yrighta-2e materia2 made -y the second "art as a direct res$2t of the
training im"arted -y the first "art to the second "art or -y the second "art
$sing the infrastr$ct$ra2 and other faci2ities of the first "art, 1i22 -e the
e3c2$sive "ro"erty of the "arty of first "art and the second "art sha22 have
no rights or c2aims over s$ch "ro"erty6
B6 he second "art is free to o-tain 2ega2 advice -efore signing this contract
and it is ass$med that the second "art has signed this agreement after
o-taining 2ega2 advice on2y6
C6 Any reference to the masc$2ine gender 1i22 a2so inc2$de the feminine
gender and "2$ra2 gender 1here a""ro"riate6
D6 he second "art 1i22 "rod$ce a22 the origina2 certificates o-tained -y him
for verification -efore the first "art for verification6
E6 0irst "art here-y agrees to initia22y em"2oy the second "art as its Soft1are
Engineer and the second "art here-y acce"ts s$ch em"2oyment in
accordance 1ith the terms of this Agreement and the terms of
em"2oyment a""2ica-2e to reg$2ar em"2oyees of the first "art6 ;n the event
of any conf2ict or am-ig$ity -et1een the terms of this Agreement and
terms of em"2oyment a""2ica-2e to reg$2ar em"2oyees, the terms of this
Agreement sha22 contro26 A""ointment of the second "art to another office
or "osition, regard2ess of 1hether s$ch office or "osition is inferior to
em"2oyee of the second "artAs initia2 office or "osition, sha22 not -e a
-reach of this Agreement6
06 he d$ties of the second "art sha22 inc2$de the "erformance of a22 of the
d$ties ty"ica2 of the office he2d -y the second "art as descri-ed in the
-ye2a1s of the first "art and s$ch other 2a1f$2 d$ties and4or "ro+ects as
may -e assigned -y the -oard of directors of the first "art Com"any, a
s$"erior officer of the first "art Com"any or any other officer6 hat the
second "art sha22 -o$nd to acce"t the em"2oyment any 1here in the 1or2d
as offered -y the first "art and sha22 contin$e to -e in em"2oyment of the
first "art or at its discretion in any other de"artment of the first "art or any
c2ientAs office of the first "art for a "eriod of 12 5onths6
96 he second "art sha22 devote his entire "rod$ctive time, a-i2ity and
attention to the -$siness of the first "art and sha22 "erform a22 d$ties in a
"rofessiona2 ethica2 and -$siness 2i<e manner6 he second "art 1i22 not,
d$ring the term of this Agreement, direct2y or indirect2y engage in any
other -$siness, either as an em"2oyee, cons$2tant, "rinci"a2, officer,
director, advisor, or in any other ca"acity, either 1ith or 1itho$t
com"ensation, 1itho$t the "rior 1ritten consent of the first "art6 he
second "art sha22 not disc2ose any technica2 or other detai2s and
information that comes to his <no12edge d$ring the co$rse of this
em"2oyment 1ith the first "art to others6
,6 he ;nitia2 erm of this Agreement sha22 commence from _________ and it
sha22 contin$e in effect for a "eriod of 12 months6 hereafter, the
Agreement sha22 -e rene1ed $"on the m$t$a2 agreement of the first and
second "art6 his Agreement and the second "artAs em"2oyment may -e
terminated at first "artAs discretion any time d$ring the c$rrency of the
Contract, s$-+ect to the "ayment of 6+ days gross sa2ary6
;6 ;n the event the second "art commits -reach of any materia2 o-2igation
o1ed to the first "art $nder this Agreement, ha-it$a22y neg2ects the d$ties
entr$sted to -e "erformed $nder this Agreement, engages in any cond$ct
1hich is dishonest, damages, the re"$tation or standing of the first "art,
and "re+$dicia2 to the interests of the first "art or its B$siness A22iance
"artners a-road, or is convicted of any crimina2 act or engages in any act
of mora2 t$r"it$de, then Em"2oyer may terminate this Agreement $"on five
<+= days notice to the second "art6
B6 hat the first "art sha22 have the right to s$s"end or dismiss the second
"art for any -reach on the "art of the second "art, or any of the terms and
conditions hereof or those of the em"2oyment scheme and any of the r$2es
and reg$2ations of the first "art6 !ith regard to the e3"endit$re inc$rred
on acco$nt and in connection 1ith o-taining 8isas and other trave2 re2ated
doc$ments etc of the first "art as "rovided herein -efore $nder this
Agreement, the second "art and the third "art sha22 -e +oint2y and severa22y
2ia-2e for the same and is -o$nd to ma<e good the amo$nt in addition to
the amo$nt s"ecified in Defa$2t and 7ena2ties of this agreement6
C6 he s$rety 1i22 -e co.e3tensive2y 2ia-2e for any -reach of the terms of this
agreement6 he first "art sha22 -e at 2i-erty to "roceed against the s$rety
for ens$ring the com"2iance of the terms of this Agreement6
D6 Any change in the a-ove addresses of any of the concerned "arties i6e6
Com"any, Em"2oyee or 9$arantor, sha22 -e d$2y informed to the other
"arties -y the "arty 1hose address has changed 1ithin a "eriod of seven
days of s$ch change6
56 ;f no s$ch change has -een intimated or received, the addresses
mentioned sha22 -e deemed to -e the addresses of the concerned "arties6
N6 his Agreement terminates and s$"ersedes a22 "rior $nderstandings or
agreements on the s$-+ect matter hereof6 his Agreement may -e
modified on2y -y a f$rther 1riting that is d$2y e3ec$ted -y -oth "arties6
(6 ;f any term of this Agreement is he2d -y a co$rt of com"etent +$risdiction
to -e inva2id or $nenforcea-2e, then this Agreement inc2$ding a22 of the
remaining terms, 1i22 remain in f$22 force and effect as if s$ch inva2id or
$nenforcea-2e term had never -een inc2$ded6
76 ;n case of any dis"$te arising o$t of the a-ove Agreement, the +$risdiction
sha22 -e the co$rts in ,ydera-ad6 No other co$rts either in ;ndia or
o$tside ;ndia sha22 have +$risdiction in res"ect of the enforcement,
inter"retation and other as"ects of and in connection 1ith this Agreement6
/. 03ris$ic!ion9
he "arties agree that they 1i22 $se their -est efforts to amica-2y reso2ve
any dis"$te arising o$t of or re2ating to this Agreement6 Any controversy,
c2aim or dis"$te that cannot -e so reso2ved sha22 -e s$-+ect to the
+$risdiction of the Civi2 Co$rts of ,ydera-ad
>. De83l! ; Penl!ies n$ re#e$ies 8or *rech o8 con!rc!:
A6 As the first "art 1o$2d -e s"ending a considera-2e amo$nt of time, money
or other reso$rces on sending the second "art a-road and im"art
s"ecia2i?ed <no12edge, $" gradation of the s<i22s of the second "art,
therefore, an amo$nt of #s6______________4. =#$"ees
_______________________ on2y> sha22 -e recovera-2e from the second
"art and4or the s$rety 1ho are a22 +oint2y and severa22y 2ia-2e to "ay in the
event of the second "art 2eaving the services of the first "art 1itho$t any
reason attri-$ta-2e to the first "art, on his o1n accord -efore the e3"iry of
the "eriod as mentioned $nder C2a$se.1A of this agreement6 his
amo$nt 1o$2d a2so -e recovera-2e in case of ANY defa$2t or -reach of any
of the covenants of this contract6
B6 he said amo$nt sha22 -e "aid to the first "art 1ith immediate effect -y the
second "art and4or -y the "arty of the third "art as mentioned
hereina-ove6
C6 Not 1ithstanding anything contained herein the "arty of the first "art is
entit2ed to c2aim "$nitive damages and "rohi-itory damages -efore the
Civi2 Co$rts of ,YDE#ABAD in the event of any 2oss or damage
occasioned to the first "art d$e to the -reach of contract and not covered
-y c2a$se /A of this Agreement and that the second "art as 1e22 as the
s$rety are 2ia-2e +oint2y and severa22y6
D6 Not 1ithstanding anything contained herein a-ove the "arty of the first "art
herein is entit2ed to a""roach the Civi2 Co$rts of ,YDE#ABAD for S"ecific
"erformance, S"ecific #e2ief or any other re2ief as is avai2a-2e to it $nder
2a16
;N !;NESS !,E#E(0 the first "art, the second "art and the third "art
acting in "erson have signed and e3ec$ted this Agreement in their res"ective
names and on their -eha2f and de2ivered to the first "art on the Day, month
and year first 1ritten a-ove6
S;9NED AND DED;8E#ED BY
6EEEEEEEE66 6EEEEEEEEE
0irst 7art Second 7art
XXXXXXXX

0or 54s6 ,****** echno2ogies 7vt6 Dtd6
EEEEEEEE6
hird 7art
!itnesses:
6EEEEEEEE66 6EEEEEEEEE
Name and Name and
Address: Address:

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