EXHIBIT 10.11
ENGAGEMENT AGREMEMENT BETWEEN
BIOQUEST INTERNATIONAL, INC.
AND
XXXXXXX X. XXXXXXX, ESQ.
Law Offices of
Xxxxxxx X. Xxxxxxx
0000 Xxx Xxxxxx, X.X
Xxxxx 000
Xxxxxxxxxx, XX 00000
Telephone: 000.000.0000
301.654.4195 Fax: 000.000.0000
email: XxxxxxxXxx@xxxxx.xxx
June 6, 2000
Xx. Xxxxx X. Xxxxx
Chief Executive Officer
BioQuest International, Inc.
00000 Xxxxxxxxxx Xxxxx
Xxxxxxx Xxxxxxx, XX 00000
Re: Legal Services
Dear Xx. Xxxxx:
This will confirm that you wish to engage my law firm to represent
BioQuest International, Inc. ("BioQuest") in connection with advice regarding
its development and execution of a business form and strategy.
We xxxx on a monthly basis, detailing costs advanced and legal
services rendered. Payment is due within thirty (30) days. Our bills will be for
the reasonable value of the legal services rendered, based on the factors set
forth in the relevant Code of Professional Responsibility governing lawyers.
These factors include the time and labor expended, the novelty and difficulty of
the questions involved, the skill required to perform these services, the nature
of the matter involved, the results obtained, the time limitations imposed, and
our customary hourly billing rates. For your information, my current hourly rate
is $250.00. We xxxx disbursements at the law firm's cost.
My law firm's policy requires that a new client provide us with a
retainer/advance amount before we take on representation. In your case, we
request that you provide us with a $7,500.00 retainer that will be applied to
the attorneys' fees and disbursements incurred as we proceed.
Unless you require some different procedure, we will send you an
itemized invoice indicating the full description of our services. In the event
that reimbursement for costs advanced or services rendered is delinquent, we
reserve the right to withdraw our representation.
If you approve, please sign this letter in the space indicated below
and return the original to me, along with your check in the amount of $7,500.00.
In closing, I look forward to working with you and BioQuest and appreciate the
opportunity to be of service.
Very truly yours,
/s/ Xxxxxxx X. Xxxxxxx
----------------------
Xxxxxxx X. Xxxxxxx
Accepted:
BioQuest International, Inc.
By: /s/ Xxxxx X. Xxxxx
----------------------
Xxxxx X. Xxxxx
