INDEPENDENT CLIENT SERVICE AGREEMENT
This Agreement is made and entered into by and between International Development
Corp., 000 Xxxxxxxx Xxxxxx, Xxxxxxx, XX 00000, (hereinafter "Client") and Xxxxx
Xxxxxxx (hereinafter "Contractor") with principal offices at 000 Xxxxxxxxxxx
Xxxxxx, Xxxxxxxxx, Xxxxxxx, X0X 0X0, telephone number 000-000-0000
Whereas, Contractor declares it is engaged in, an independent business, and has
complied with all federal, state and local laws regarding business permits,
insurances and licenses of any kind that maybe required to carry out said
business and the tasks to be performed under this Agreement. Contractor also
declares that it has and does provide similar product or services to other
Clients in addition to contract services provided to Client.
Whereas, Contractor operates a legitimate business and desires to provide
services for Client as set forth herein.
THEREFORE, IN CONSIDERATION OF THE FOREGOING REPRESENTATIONS AND THE FOLLOWING
TERMS AND CONDITIONS, THE PARTIES AGREE:
1. SERVICES TO BE PERFORMED. Client engages Contractor and Contractor
agrees to assist the Company to identify and research potential acquisitions.
The duration of these services is to be from Jan 4, 2005 to August 4, 2005
2. TERMS OF PAYMENT. Client shall pay Contractor for the above described
services, as the same are reasonably and acceptably provided. Payments are to be
made, costs and fees to be reimbursed and prices to be charged as follows until
otherwise agreed in writing: a. Client will pay Contractor $5000.00 in cash or
free trading client common stock per month. The payment terms shall expire on or
about August 4, 2005.
3. EXPENSE REIMBURSEMENT. Client shall reimburse Contractor and make
payment for requested or necessary pre-approved travel and expenses from
Contractor's home base. Any such charges or requests for reimbursement for these
agreed charges shall be invoiced and may be paid separately by Client either to
Contractor or to the independent supplier for which reimbursement is sought.
4. CONTROL. Contractor retains the sole and exclusive right to control or
direct the manner or means by which the work described herein is to be
performed. Client retains only the right to control the end product or quality
of service delivered to insure its conformity with Client specifications and the
provisions herein.
5. PAYROLL OR EMPLOYMENT TAXES. No payroll, income tax withholding or
employment taxes of any kind shall be withheld or paid by Client with respect to
payments to Contractor. The taxes that are the subject of this paragraph include
but are
not limited to FICA, FUTA, federal personal income tax, state personal income
tax, state disability insurance tax, and state unemployment insurance tax.
Contractor represents and covenants that it has and will file and pay all such
payroll, self employment, employment, worker's compensation, withholding and
other taxes and reports as the same might be legally due and payable to all
applicable state and federal authorities. The Contractor will not be treated as
an employee for state or federal tax purposes. Contractor hereby indemnifies and
holds harmless Client from any and all duty or obligation whatsoever relating to
the payment or filing for any and all such taxes, penalties and interest.
Contractor represents that its federal employer identification number is
000-000-0 0.
6. WORKERS COMPENSATION. No workers compensation insurance has been or will
be obtained by Client on account of Contractor or Contractor's employees.
Contractor shall register and comply with all applicable workers' compensation
laws in all applicable states and Contractor releases and indemnifies Client
from all liability as to working conditions and the safety or possible injury of
Contractor and its employees.
7. TERMINATION. This Agreement covers and relates to services to be
provided for approximately the next six months from the effective signing date
hereof. It may be renewed on a monthly basis with the agreement of the parties.
8. The parties agree that a facsimile signature shall have the same effect
as an actual signature.
Agreed to be effective this 4th day of January 2005 at the City of Xxxxxxx,
Xxxxxxx, Xxxxxx.
International Development Corp. CONTRACTOR
Signature: Signature:
/s/ Xxxxx Xxxxxxx /s/ Xxx Xxxxxxx
Xxxxx Xxxxxxx Xxx Xxxxxxx
Chairman & CEO Contractor
