Agreement Placement Deepak Sharma
Agreement Placement Deepak Sharma
BETWEEN
BHARTI SHARMA
AND
EDUBRIDGE LEARNING PRIVATE LIMITED
DATED 20th March, 2024
This Agreement is made and executed at Mumbai on _20th March, 2024_ , BY AND BETWEEN
In case the Service Partner is other than an individual, details of the beneficial ownership (owning more than 5% of the entity) is
as under:
Name Address Contact Details KYC Identification % Holding
Number
BHARTI SHARMA Office No A 36, A Wing, 8180909118 ABUPW1993M
Dhareshwar Krupa [email protected]
Appartment, Garmal,
Dhayari Road, Lane No
17A, Near Nikhil
Driving School,
Dhayari, Pune,
Maharashtra 411041
AND
EDUBRIDGE LEARNING PRIVATE LIMITED, a company having its registered office at 1/1, Pollock Street, Kolkata 700001
(hereinafter referred to as the “Company OR EduBridge”, which expression shall, unless repugnant to the context or meaning
hereof, be deemed to mean and include its successors and permitted assigns) of the Other Part.
AND WHEREAS:
The EduBridge is a company inter alia engaged in skill development and vocational training (workforce development)
activities since October 2009.
The Service Partner is professionally engaged in the business of providing services as required by the company and as
enumerated in this agreement.
The Company maintains a website under the name and style of www.edubridgeindia.com which provides full time, part
time, formal and informal training programs on online and/or offline basis for individuals in order to help them meet
the specific needs of the industry and business and equip them to meet the changes in technology; developing and
publishing training materials for regular and distance education programmes; co-operating with national and
international organizations, educational, research and other institutions in any part of the world having objects wholly
or partly similar to those of the training franchisor; fostering a sense of partnership with the industry in promoting the
cause of education, research, extension and in mobilizing resources for achieving the aforementioned objectives.
Accordingly, the Service Partner has approached the Company and has offered to provide the Partner Services in accordance
with terms and conditions of this Services Agreement
Considering the above, the Company is desirous of accepting the proposal of the Service Partner for providing Services to the
Company in accordance with mutually decided terms and conditions agreed between the Parties from time to time.
Both Parties desire to obtain Services from the other party, more particularly mentioned in Annexure 1, on the terms and
conditions set out in this Agreement.
The Parties are therefore desirous of recording the detailed terms and conditions on which these Services will be provided.
IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES AS FOLLOWS:
3. INDEPENDENT CONTRACTOR
3.1 Both Parties are acting, in performance of this Agreement, as independent contractors. The Employees of both Parties
are not the employees or agents of the other Party and shall work under the control and management of their
respective employers who shall continue to be fully responsible for their acts. Both Parties shall be solely responsible
for the payment of compensation and all statutory benefits of their Employees and the Employees shall be informed
that they are not entitled to any of the employee benefits of the other Party. The Employees of both Parties shall affirm
they are not employees of the other Party for any purpose and that they shall not exercise any rights, seek or be
entitled to any benefit accruing to the regular employees of the other Party.
3.2 Neither this Agreement nor the disclosure or receipt of any information shall constitute or imply any promises or
intention to enter into a partnership, principal and agent relation, Employee and Employer, agency or joint venture
between the Parties to make or purchase any products or services by either Party.
4. INTELLECTUAL PROPERTY
4.1 With respect to the Services performed by the Parties, both Parties acknowledge that they will have exclusive,
unlimited ownership rights to all copyright, title and other IP ownership in and to Services provided by them including
derivatives therefrom. Both Parties acknowledge and agree that they shall not assume, by virtue of this collaboration,
ownership or any rights whatsoever in any manner over any content, name, logo or other intellectual property of the
other Party. Both Parties shall neither disclose, share, part with Intellectual Property Rights related information of the
other Party to any third party nor use the information for their own benefit.
4.2 Nothing contained herein shall be construed as granting or implying any transfer of rights (including license rights) to
the other Party in the confidential information or other intellectual property relating to the other Party.
4.3 Both Parties do not grant the other Party the right to use their name/logo for the purpose of promoting the Services as
detailed in this Agreement through any form of private communication or public advertisements including print,
electronic, radio, banners, wall painting etc. without the specific written approval from the other Party.
4.4 Both Parties shall, upon the request of the other Party, or upon the termination, cancellation or expiration of this
Agreement, within 30 days return to the other Party, all materials, information and/or deliverables prepared or
developed as a result of the Services, which belong to the other Party in terms of this Agreement.
4.5 The Service Partner shall ensure that no training modules, teaching processes and/or business processes and databases
of the Company are at any point of time reproduced, unauthorized used and/or distributed on any occasion and/or for
any reason whatsoever without prior written consent taken from such persons as are duly authorized by the Company.
The consent of the authorized person and such letter seeking such consent shall expressly state the materials to be
reproduced and/or transmitted and the specific purpose for which the same needs to be done.
4.6 The Service Partner agrees and undertakes to protect the trade secret and business processes of the Company and
make sure that their confidentiality is not breached by any of its employees, agents or sub-contractors.
4.7 The Service Partner shall by no means whatsoever use any business processes or intellectual property generated by the
Company, received during the duration of this Services Agreement for any commercial and/or non–commercial purpose
except in connection with the Services to be provided by him under this Services Agreement.
10. NON-COMPETITION
The Service Partner hereby acknowledges that during the course of his/her/its engagement/association with the
Company, he/she/it will become familiar with the Company’s trade secrets and with other confidential information
concerning the Company and its group companies and that the Partner Services will be of a special, unique and
extraordinary value to the Company. Accordingly, the Service Partner hereby agrees that, he/she/it shall not, for a
period of twelve (12) months following the termination of this Services Agreement, directly or indirectly, by himself or
through any affiliate,
a) Own (including owning any shares in any entity), manage, control, participate in, consult with, finance, render
services for, or otherwise engage in any business competing with the business of the Company or its group
companies within India, or with an intent to compete with the business of the Company or its group companies
within India;
b) Engage in, continue in or carry on any business which competes with the Company in the Company's Business or
which is substantially similar thereto;
c) Consult with, advise or assist in any way, whether or not for consideration, any corporation, partnership, firm or
other business organization which is now or becomes a competitor of the Company if the principal purpose of
such consultation, advice or assistance is to permit such corporation, partnership, firm or business organization
to compete with the Company in the Company's Business, including, but not limited to, advertising or otherwise
endorsing the products of any Competitor of the Company for such purpose; soliciting customers or otherwise
serving as an intermediary for any such competitor of the Company for such purpose; loaning money or
rendering any other form of financial assistance to or engaging in any form of business transaction with any
competitor of the Company for such purpose;
d) Undertake any business with or solicit the business of any person, firm or company who shall have been a
customer or partner of the Company and with whom any executive of the Company or its subordinates has dealt
with during the then immediately preceding 12 months which might adversely affect the Company's business
relationship with such customer or partner, unless such solicited business relates to the Company's Business; or
e) Engage in any practice, the purpose of which, is to evade the provisions of his covenant not to compete.
11. NON-SOLICITATION
Throughout the term of the Service Partner’s association/engagement by the Company and for a period of twenty-four
(24) months following the termination of this Services Agreement, he/she/it shall not, directly or indirectly, solicit or
attempt to solicit any existing client or vendor of the Company or employ, solicit for employment, or advise or
recommend to any other person, firm or corporation any personnel of the Company. The Service Partner hereto also
agrees that the Company may suffer irreparable harm from a breach of the covenants or agreements contained in this
Clause, and that monetary damages may be inadequate to compensate the Company for any such breach. Accordingly,
the Service Partner shall agree that in the event of any breach of this Clause, the Company or its Affiliates, successors or
assigns shall be entitled to temporary and permanent injunctive relief to enforce or prevent any violations of this Clause
and that such relief may be granted without the necessity of proving actual damages. Such injunctive or equitable relief
shall be in addition to and not in lieu of any right to recover money damages for any such breach.
12. CONFIDENTIALITY
12.1 Both Parties acknowledge that they shall, in the course of performing their responsibilities under this Agreement, be
exposed to or acquire Confidential Information of the other Party or its Affiliates (collectively the “Disclosers”) or their
clients or to third parties to whom the Disclosers owe a duty of confidentiality. Both Parties agree to hold the
Confidential Information in strict confidence and not to copy, reproduce, sell, assign, licence, market, transfer or
otherwise dispose of, give or disclose such information to third parties or to use such information for any purposes
whatsoever other than the performance of this Agreement.
12.2 Both Parties shall not publicize, disclose or allow disclosure of any information about the Disclosers, their present or
former directors, officers, employees, agents or clients, their or their business and financial affairs, personnel matters,
operating procedures, organization responsibilities, marketing matters and policies /procedures, with any Person, or
take any other action seeking to publicize or disclose any such information in any way likely to result in such
information being made available to the general public in any form, including books, articles or writings of any other
kind, as well as film, videotape, audiotape or any other medium.
12.3 Both Parties shall ensure that access to Disclosers is given only on a need to know basis to such employees and other
personnel who are directly involved with carrying out the Services, in furtherance of the Agreement; they will ensure
that such employees or other personnel who have access to the Disclosers are bound by and adhere to the same
standards of security and confidentiality as are applicable to them , whether by way of executing separate
confidentiality agreement with each such employee or otherwise.
12.4 In the event either Party subcontracts its obligations under the Agreement, it shall ensure that the sub- contractor
abides by and is subject to the terms and conditions of this Agreement.
12.5 If any of the Parties, their employees, sub-contractors, agents representatives or other Person exposed to Confidential
Information in accordance with the terms of this Agreement (the "Recipient") is/are requested to disclose all or any
part of any Confidential Information or Disclosers under a summons or inquiry issued by a court of competent
jurisdiction or by a judicial or administrative agency or similar Person or which is otherwise required to be disclosed by
law, statute or regulation, the Recipient shall disclose the same for the reasons herein mentioned in this clause and
shall immediately notify the other Party of the existence, terms and circumstances surrounding such request.
12.6 Confidential Information shall not include information that is:
(a) in or becomes part of the public domain other than by disclosure by the Recipient in violation of this
Agreement;
(b) demonstrably known to the Recipient previously, without a duty of confidentiality;
(c) independently developed by the Recipient outside of this Agreement;
(d) rightfully obtained by the Recipient from third parties without a duty of confidentiality; or
(e) which is required to be disclosed by law, statute or regulation.
12.7 Both Parties shall ensure that they have in place, requisite technical and organizational measures that are necessary
and aimed at protecting the Disclosers against accidental or unlawful destruction or accidental loss, alteration,
unauthorized disclosure or access, and against all other unlawful forms of processing.
12.8 Both Parties will ensure that except as otherwise expressly authorized by the other Party, they will not make any copies
or duplicates of the Disclosers otherwise than for the intended purpose as stated in this Agreement.
12.9 Both Parties confirm that if any unauthorized use or disclosure of the Disclosers, or breach of the Agreement occurs and
is within the knowledge of the Party, or the Party subsequently becomes aware of the unauthorized use or disclosure or
breach of the security measures, as the case may be, they shall immediately report the same to the other Party. They
shall provide a detailed report of such breach as requested by the other Party.
12.10 That reasonable steps will be taken to delete information on any specific Disclosers, on obtaining the specific written
request from the other Party, within 15 (fifteen) days of such a request.
12.11 Upon the termination of the Agreement (or earlier if requested by the other Party), both Parties shall return to the
other, all copies of documents, papers or other material which may contain or be derived from the Confidential
Information, which are in their possession or control, within 30 (thirty) days of such a request being received by the
other Party, together, if requested, with a certificate signed by them in form and substance satisfactory to the other
Party, stating that all the Confidential Information has been returned.
12.12 Confidential Information shall be used by both Parties exclusively in connection with the performance of Services now
or in the future to be performed by them under this Agreement.
12.13 Both Parties will hold Confidential Information in strict confidence and will not, nor will they permit any agent, servant
or employee to, copy, reproduce, sell, assign, license, market, transfer or otherwise dispose of, give or disclose
Confidential Information to any person, company or corporation, including any partner or employee of the Parties who
does not have a need to know the Confidential Information.
12.14 Upon the termination of the services to be performed by them (or earlier if requested by the other Party) both Parties
shall return to the other, all copies of documents, papers or other material relating to the other Party or obtained or
developed in the course of performing services for the other Party.
13. TERMINATION
13.1 Unless terminated earlier pursuant to the terms hereof, this Agreement shall continue in force during the Initial Term
and Additional Term, if any,
13.2 Without prejudice to any other rights or remedies which it may have, either Party shall be entitled to terminate this
Agreement forthwith by notice if:
(a) the other Party shall have committed a Breach of this Agreement and either such Breach is incapable of remedy
or shall continue un-remedied for thirty (30) days after a notice specifying the breach and requiring the same to
be remedied has been given to the defaulting Party; or
(b) if (save in relation to a re-organization, re-construction or amalgamation not affecting the credit-worthiness of
the other party):
(i) an order is made or resolution is passed for the winding-up of the other Party or if a provisional
liquidator is appointed in respect of the other Party;
(ii) a receiver (which expression shall include administrative receiver) is appointed in respect of the other
Party or all or any of its assets.
13.3 Notwithstanding anything to the contrary contained in this Agreement, either Party may, by giving 90 (ninety) days
prior written notice to the other Party, terminate this Agreement.
13.4 The Company shall be entitled to terminate this Services Agreement with immediate effect by written notice to the
Service Partner if:
a) the Service Partner commits a material breach of any of the provisions of this Services Agreement (as defined
throughout this Services Agreement), and either that breach is not capable of being remedied or, in the case of a
breach capable of remedy, that party fails to remedy the same within 7 days after receipt of a written notice
giving full particulars of the breach and requiring it to be remedied; or
b) the Service Partner is in persistent non-material breach (whether remediable or not) of any of the provisions of
this Services Agreement;
c) the Service Partner goes into liquidation (except for the purposes of amalgamation or reconstruction and in such
manner that the Company resulting there from effectively agrees to be bound by or assume the obligations
imposed on that other party under this Services Agreement);
d) an encumbrancer takes possession or a receiver is appointed over any of the property or assets of the Service
Partner;
e) the Service Partner makes any voluntary arrangement with its creditors or becomes subject to an administration
order;
f) anything analogous to any of the foregoing under the law of any jurisdiction occurs in relation to the Service
Partner; or
g) the Service Partner ceases, or threatens to cease, to carry on business.
Provided further that pursuant to termination of this Services Agreement:
h) The Service Partner shall have no further right to act on behalf of the Company;
i) The Service Partner cannot be engaged as an individual/investor/shareholder or in any capacity in any activity
that is competing in nature with the Company’s Business-
j) the Service Partner will immediately deliver to the Company, all correspondence, manuals, orders, letters,
notices, notebooks, reports, programs, proposals and any documents and copies concerning the Company’s
customers or concerning products or processes used by the Company and will promptly deliver to the Company
any and all other documents or material containing or constituting Confidential Information.
k) Termination of this Services !greement, however arising, shall not affect any of the parties’ rights and remedies
that have accrued as at termination.
15. ARBITRATION
15.1 If any dispute arises amongst Parties hereto during the subsistence of this Agreement or thereafter, in connection with
the validity, interpretation, implementation or alleged breach of any provision of this Agreement or regarding a
question, including the questions as to whether the termination of this Agreement by either Party has been legitimate,
the Parties shall endeavor to settle such dispute amicably.
15.2 In the case of failure by the Parties to resolve the dispute in the manner set out above within 30 days from the date
when the dispute arose, the dispute shall be referred to a panel of three arbitrators, with both Parties appointing one
arbitrator each and the arbitrators so appointed nominating a third arbitrator. The place of arbitration proceedings
shall be Kolkata, West Bengal, India. The arbitration proceedings shall be governed by the Arbitration and Conciliation
Act, 1996 and shall be conducted in the English language. The arbitrators shall also decide on the costs of the
arbitration proceedings.
15.3 The arbitrator's award shall be substantiated in writing and the award shall be enforceable in the competent courts at
West Bengal, India.
15.4 The provisions of this Clause shall survive termination of this Agreement.
16. NOTICES
16.1 Any notice and other communications provided for in this Agreement shall be in writing and shall be first transmitted
by electronic transmission, and then confirmed by postage, prepaid registered airmail or by internationally recognised
courier service, in the manner as elected by the Party giving such notice to the following addresses:
16.2 All notices shall be deemed to have been validly given on (i) the business date immediately after the date of
transmission with confirmed answer back, if transmitted by electronic transmission, or (ii) the business date of receipt,
if transmitted by courier or registered airmail.
16.3 Either Party may, from time to time, change its address or representative for receipt of notices provided for in this
Agreement by giving to the other Party not less than 30 days’ prior written notice.
17. MISCELLANEOUS
17.1 Reservation of rights
No forbearance, indulgence or relaxation or inaction by a Party at any time to require performance of any of the
provisions of this Agreement shall in any way affect, diminish or prejudice the right of such Party to require
performance of that provision. Any waiver or acquiescence by a Party of any breach of any of the provisions of this
Agreement shall not be construed as a waiver or acquiescence of any right under or arising out of this Agreement or of
the subsequent breach, or acquiescence to or recognition of rights other than as expressly stipulated in this Agreement.
17.2 Severability
The Parties agree that the covenants, obligations and restrictions in this Agreement are reasonable in all circumstances.
In the event that any of the provisions contained in this Agreement is found to be invalid, illegal or unenforceable in any
respect by a court of competent jurisdiction, the validity, legality, or enforceability of the remaining provisions
contained in this Agreement will not be in any way affected or impaired by such a finding.
17.3 Assignment
No Party shall be entitled to assign, sub-contract, transfer or otherwise deal with this Agreement or any right or
obligation under this Agreement without the prior written consent of the other Party.
17.4 Amendments
No modification or amendment to this Agreement and no waiver of any of the terms or conditions hereto shall be valid
or binding unless made in writing and duly executed by both Parties.
17.5 Entirety
This Agreement constitutes the entire Agreement between the Parties with respect to the subject matter hereof to the
exclusion of all other understandings and assurances, either written or oral.
17.6 Counterparts
This Agreement has been executed in duplicate, each of which shall be deemed to be an original, and shall become
effective when the Parties have signed both the sets.
17.7 Governing law and jurisdiction
This Agreement shall be governed by and construed in accordance with the laws of India. Subject to Clause 12
(Arbitration) of this Agreement, the courts at West Bengal, India shall have exclusive jurisdiction over any claims, disputes,
differences and/or any other matter/issue in relation to this Agreement.
17.8 Costs
Save as otherwise provided in this Agreement, each Party shall bear its own costs (including Taxes) and expenses
incurred in connection with the execution of this Agreement and all transactions herein envisaged. Stamp duty on this
Agreement shall be borne equally by both Parties.
17.9 Non-exclusivity:
Nothing in this Agreement shall be construed as creating any obligations of exclusivity on the Parties. The Parties shall,
at all times, be entitled to enter into similar arrangements with other third parties for the purpose of
procuring/providing services similar or identical to the Services.
17.10 Non-Solicitation. (To be agreed based on partner)
Both Parties agree that during this agreement or for a period of one (1) year after termination of this Agreement, they
shall not employ, solicit for employment, or recommend for employment any person employed by the other Party,
unless agreed mutually.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.
Service Partners providing Placement and Other Local Management Services to EduBridge:
1. The Service Partner will engage with the youth that would have undergone training through EduBridge for providing
placement related services.
2. The Service Partner shall support in identifying recruiters for recruitment of the youth. However, the recruiters will be
permitted after getting certified by the Company on its portal - ELITE.
3. The Service Partner will be responsible for the placements of the students as per the scheme requirements or 70% of the
students provided by EduBridge. In case there is a financial impact which is faced due to noncompliance of placement
targets or placement documentation then the Service Partner will be borne the impact completely and his accounts to
that effect would be debited.
4. Any marketing or other material that the Service Partner uses for any activity needs to be either as per company norms
or needs to be approved by the relevant authority in the company in writing.
5. All documentation should be done through Company website with Partner Code. In situations where partner code is not
used, the said placement would not be considered to be facilitated by the service partner.
In addition to the above scope, considering that the Service Partner also has local presence in the geography where project is
implemented, the Service Partner will provide local operational and such support as per company requirement and as agreed
upon with the company time to time.
2. Program Commercials
1. Commercials
1.1 For providing Placement and Related Services:
Per Student Payment Terms
Course Cycle
Amount
Can be raised after Placement of the student
and verification is completed on ELITE.
Following method would be adopted for
Business Correspondent Business qualification under this tranche
Monthly Rs. 1250.00
Facilitator (BCBF) 1. Placement and Verification >70% of
incepted candidates – Tranche for all
candidates
2. Placement and Verification between 50-
69% of the incepted candidate – Pro-rate
for students who have been placed.
3. Placement and Verification <50% - No
NA Monthly NA payment
What shall constitute to be called
placements and the verification process has
been detailed as part of annexure 2.
1.2 For providing Other Services:
Per Student Payment Terms
Course Cycle
Sharing
NA Monthly NA Same as 2.1
NA Monthly NA
All the above rates are inclusive of all applicable taxes and will be subject to TDS deduction
Only those candidates that have enrolled using the Coupon Code provided to the Service Partner will be considered
eligible for payout to the Service Partner
Only the data from ELITE will be considered and used for all calculations for the Service Partner’s payout.
Annexure 1
3. INVOICE
Service Partner will issue a monthly invoice statement to the Company (the “Invoice Statement”) which will include, among other
things, the following contents:
1. Number of successful enrolment of candidates;
2. Details of Service Fees payable to the Service Partner by the Company; and
3. Details pertaining to any extra Partner Service provided by the Service Partner to the customers pursuant to the receipt
of instructions from the Company.
All payments due from the Company to the Service Partner shall be made via bank transfer using the bank details provided by the
relevant parties. The Service Partner agrees to fully indemnify the Company and hold Company harmless against any losses,
damages or claims arising out of the Service Partner’s failure to notify Company of a change of bank account details, including but
not limited to any Bank Charges incurred by Company as a result.
In the event of a dispute between the Company and the Service Partner, any undisputed amount of Service Fees will be paid in
accordance with this Section. The Service Partner must notify the Company of its disagreement within 14 days of receipt of the
Invoice Statement setting out in detail the reason. If the Service Partner fails to do so, the Invoice Statement shall be deemed
accepted by the Service Partner.
In the event of fraudulent or alleged fraudulent activities by the Service Partner or if Company is required by law, court order,
governmental instruction, arbitrational decision to make a refund, of all or part of the fees in relation to training sessions
conducted by the Company, the Company reserves the right to claim a repayment from the Service Partner of any amount required
to be repaid by Company to the customers and for any Bank Charges relating thereto.
Further details on the process and roles and responsibilities are part of the policy document including Standard Operating
Procedures as Anenxure 2, which deals with the ‘Partnership Opportunity for EduBridge Partners’ and is integral part of the
arrangement between both the parties. The said document has been shared with the Service Partner. Updated versions, if any, of
this document will be rolled out to the Service Partner as per requirement and the latest document will be applicable thereafter.
4. Claim Process
Service partner to raise Monthly (target vs actual) Invoices through the EP Claim Form.
Claim Form along with an Invoice must be raised to the respective Edubridge Representative assigned to the Partner
within the 5th of each month for the dues of the previous month. No older month claims will be accepted.
Annexure 1