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Business agreement 07.04.14.doc
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5. Nature of Relationship

Representative shall perform the Services as an independent contractor, and nothing contained in this Agreement shall be construed to create or imply a joint venture, partnership, principal-agent, or employment relationship between the Parties.

6. Taxes

Representative hereby covenants to pay at his expense all taxes, charges and contributions which competent government authorities levy or require to be paid in respect to the payments received from the Company.

7. Nondisclosure of information concerning business

The Representative will not at any time, in any fashion, form, or manner, either directly or indirectly divulge, disclose, or communicate to any person, including Group’s clients, firm, or corporation in any manner whatsoever any information of any kind, nature, or description concerning any matters affecting or relating to the business of the Company, including, without limitation, the names of any its customers, the prices it obtains or has obtained, or at which it sells or has sold its products, or any other information concerning the business of employer, its manner of operation, or its plans, processes, or other date of any kind, nature, or description without regard to whether any or all of the foregoing matters would be deemed confidential, material, or important.

The Parties hereby stipulate that, as between them, the foregoing matters are important, material, and confidential, and gravely affect the effective and successful conduct of the business of the Company, and its good will, and that any breach of the terms of this section is a material breach of this agreement.

The Representative is responsible for direct and indirect losses of the Company related to the violation of this paragraph in its entirety.

8. Warranties and representations

Representative represents and warrants that: (1) the Services are personally will be performed in a professional and workmanlike manner and that Representative will use his best effort; (2) none of such Services or any part of this Agreement is or will be inconsistent with any obligation Representative may have to others; (3) all work under this Agreement and none of the Services or any development, use, production, distribution or exploitation thereof will infringe, misappropriate or violate any intellectual property or other right of any person or entity; and, (4) Representative has the full right to provide the Company with the assignments and rights provided for herein.

9. Option to terminate

Notwithstanding anything in this agreement to the contrary, the Company is hereby given the option to terminate this Agreement unilaterally at any time by serving to the Representative of a ten-day notice. The Company is not obliged to inform the Representative about the grounds for the early termination of the Agreement.

First 3 month of the Agreement the period prescribed in paragraph 1 of this clause in the case of termination by the Company shall be reduced to 3 days.

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