Professional Documents
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SERVICE PROVIDER AGREEMENT.-prasad-04-06-2024
SERVICE PROVIDER AGREEMENT.-prasad-04-06-2024
SERVICE PROVIDER AGREEMENT.-prasad-04-06-2024
which term shall wherever the context so admits, shall mean and
include himself, his heirs, executors, successors, administrators
legal representatives and assignees) of the ONE PART.
AND
which term shall wherever the context so admits, shall mean and
include their heirs, executors, successors, administrators legal
representatives and assignees) of the OTHER PART.
1
Recitals:
1. Scope of Services:
2
Japanese Red Seedless Guava: Cultivate Japanese red seedless
guavas on 5 Acres.
Charippuram Jackfruit: Cultivate Charippuram jackfruit on 10 Acres.
2. Term:
This Agreement shall commence on the date first written above and
shall continue for a period of three years, unless terminated earlier
in accordance with the terms of this Agreement, further the scope
of services can be expanded or altered as per the mutual consent of
the parties herein.
3. Compensation:
The First Party agrees to pay the Second Party for the services
rendered as follows:
The party of the First Part shall pay a monthly net amount of Rs
2,10,000/- (Rupees Two Lakhs Ten Thousand Only) to the
party of the second part as an advance and it will be deducted from
the charges payable by the party of the First Part to the party of the
Second Part on the production of each crop and the realization of
such produce.
3
On the realization of the net produce of each crop an amount not
exceeding 5% of the same shall be paid as working capital
expenses/charges to the party of the Second Part.
The party of the First Part shall pay a monthly net amount of Rs
2,10,000/- (Rupees Two Lakh Ten Thousand Only) to the party of
the second part as an advance and it will be deducted from the
charges payable by the party of the First Part to the party of the
Second Part on the production of each livestock lot being
_________and the realizationof the same.
4
Whereas the travelling expenses from time to time incurred by the
Party of the second part shall be reimbursed by the party of the first
part.
6. Termination:
5
This Agreement may be terminated by either party under the
following conditions:
7. Indemnification:
Each party agrees to indemnify and hold harmless the other party,
its affiliates, and their respective officers, directors, employees, and
agents, from and against any and all claims, liabilities, losses,
damages, costs, and expenses (including reasonable attorney's
fees) arising out of or relating to any breach of this Agreement or
any negligent or wrongful act or omission of the indemnifying party.
8. Confidentiality:
9. Governing Law:
6
Any disputes arising out of or in connection with this Agreement
shall be resolved through good faith negotiation between the
parties. If the dispute cannot be resolved through negotiation, it
shall be submitted to mediation. If mediation fails, the dispute shall
be resolved by binding arbitration in accordance with the rules of
the [Arbitration Association].
12. Amendments:
13. Severability:
If any provision of this Agreement is found to be invalid or
unenforceable, the remaining provisions shall continue in full force
and effect.
14. Notices:
All notices required or permitted under this Agreement shall be in
writing and shall be deemed delivered when delivered in person or
deposited in the mail, postage prepaid, addressed as follows:
7
IN WITNESS WHEREOF, the parties hereto have executed
this Service Provider Agreement as of the day and year first
above written.
Witnesses:
1. Prasad
(First
Party)
Pampapati
2. Ravi. K.N
Prabhu Yalagi
(Second Party)
Drafted by: