Exhibit 10.1
This Translation Agreement ("Agreement") is made effective as of November 2,
2012("Effective Date")
THE PARTIES TO THIS AGREEMENT ARE:
THE CONTRACTOR: AK NORT TRANSLATION AGENCY,
91 OCTOBER PROSPECT, UFA CITY, 450075
RUSSIAAN FEDERATION , TEL 000000000
THE COMPANY: TRANSLATION GROUP INC
000 X XXXXXXXX XXXXXX, XXXXXX XXXX XX 00000-0000
TEL: (000) 000 0000
THE CONTRACTOR WISHES TO OFFER ITS TRANSLATIONS SERVICES THROUGH COMPANY WEB
SITE.
Parties acknowledge that the promises made by Contractor and Company set forth
below constitute full and adequate mutual consideration. Based on such mutual
consideration, Parties agree as follows:
RELATIONSHIP BETWEEN PARTIES.
Contractor serves as an independent contractor of Company in the performance of
Contractor's Services under this Agreement. Nothing contained or implied in this
Agreement creates a relationship of employer-employee between Company and
Contractor nor does it create a joint venture, partnership, or similar
relationship between Company and Contractor. Contractor is free from direction
and control over the means and manner of providing the Services, subject only to
the right of Company to specify the desired results.
COMPENSATION AND PAYMENT.
Compensation for selling the translations services according this agreement will
be:
The Company will retain Contractor Commission which is 30% of proceed of the
translations services sales.
Company agrees to pay Contractor the fee(s) set forth in each project assignment
for Services. Payment in full must be made by Company to Contractor no later
than 30 days from receipt of invoice by the method of payment specified in
writing between the Parties.
INDEMNIFICATION.
Each Party hereby agrees to indemnify and hold harmless the other and such
indemnified Party's
subsidiaries, directors, officers, agents, and employees from and against all
claims, liabilities, and expenses, including reasonable attorneys' fees, which
may result from acts, omissions, or breach of this Agreement by the indemnifying
Party, its subcontractors, employees, or agents. This provision shall survive
the termination of this Agreement.
CONFIDENTIALITY.
Information is deemed Confidential Information if, given the nature of Company's
business, a reasonable person would consider such information confidential.
Contractor agrees: (a) to exercise the same degree of care as he/she accords to
his/her own confidential information, but in no case less than reasonable care,
and (b) to use Confidential Information which Company provides to Contractor
only for the performance of Services for Company and not for Contractor's own
benefit. Notwithstanding any other provision in this Agreement, Company has the
right to immediately terminate this Agreement in the event of any breach of this
provision.
TERM AND TERMINATION.
This Agreement shall continue in effect for the longer of one (1) year following
the Effective Date .Either Party may terminate this Agreement at any time upon
30 days' written notice sent to the other Party. In the event of such
termination, the Parties agree to act in good faith toward one another during
the notice period. In the event of termination of this Agreement, Contractor
must provide Company, and Company must pay Contractor for, all Services
performed through the date of termination; Company is not obligated to pay
Contractor any other compensation, severance, or other benefit whatsoever.
COMPLETE AGREEMENT.
This is the complete agreement of the parties as to the subject matter hereof.
Any changes in this Translation Agreement must be in writing signed by both
parties. This Agreement becomes a binding contract only upon signature by both
parties and the delivery of fully signed copies to each party.
Company: /s/ Xxxxxxx Xxxxxxxxx Contractor: /s/ Zhamilya Alperova
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Xxxxxxx Xxxxxxxxx/Director Zhamilya Alperova/Manager
