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EMPLOYMENT AGREEMENT
This Employment agreement (hereinafter the “Agreement”) is entered into on this day [INSERT DATE ON WHICH THE AGREEMENT COMES INTO FORCE] between
[INSERT NAME OF THE EMPLOYER], having registered office at [INSERT ADDRESS OF THE EMPLOYER], hereinafter referred to as the “Employer”) which expression shall, unless repugnant to the meaning or context hereof, be deemed to include all permitted successors and assigns) and
[INSERT NAME OF THE EMPLOYEE], presently residing at [INSERT ADDRESS OF THE EMPLOYEE] hereinafter referred to as the "Employee"), which expression shall, unless repugnant to the meaning or context hereof, be deemed to include all permitted successors and assigns).
The Employer and the Employee are hereinafter jointly referred to as the “Parties” and individually as a “Party”.
WHEREAS;
- The Company has offered to employ you in the capacity of [INSERT POSITION OF THE EMPLOYEE].
- You are desirous of and willing to be employed by the company in such capacity.
NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth below, it is hereby covenanted and agreed by the Employer and the Employee as follows:
- DEFINITIONS
- “Agreement” includes the recitals and any amendments made to this employment agreement by the Parties in writing;
- “Applicable Law” means any statute, law, regulation, ordinance, rule, judgment, notification, order, decree, bye law, permits, licenses, approvals, consents, authorizations, government approvals, directives, guidelines, requirements or other governmental restrictions, or any similar form of decision of, or determination by, or any interpretation, policy or administration, having the force of law of any of the foregoing, by any authority having jurisdiction over the matter in question, whether in effect as of the Effective Date or thereafter,.
- “Termination date” the date on which the employment ceases.
- TERM
- This Agreement shall commence on the effective date of [INSERT DATE OF AGREEMENT] and continue for [INSERT TERM PERIOD OF AGREEMENT IN DAYS/MONTHS/YEARS] as agreed by the parties. The Agreement may be terminated earlier in accordance with the termination provisions set forth herein, including termination upon mutual written consent or any other conditions specified within the Agreement that allow for early termination.
- POSITION
- Upon execution of this Agreement, the employee would be posted as the [INSERT POSITION OF THE EMPLOYEE] of the Company.
- During the term period of this Agreement, the Employer may change the employee's above mentioned post (or position) or location based on the Company's production, operation or working requirements or according to the employee's working capacities and performance, including but not limited to adjustments made to the employee's job description or work place, promotion, work transfer at the same level, and demotion, etc., or adjustments made to the employee's responsibilities without any change to the employee's post (or position).
- PROBATION PERIOD
- It is understood and agreed that the initial [INSERT DAYS/MONTHS OF PROBATION PERIOD] of employment shall constitute a probationary period (“Probationary Period”) during which period the Employer may, in its absolute discretion, terminate the Employee's employment, without assigning any reasons and without notice or cause.
- After the end of the Probationary Period, the Employer may decide to confirm the Employment of the Employee, in its sole discretion.
- At the end of probationary period, the Employer shall;
- If satisfies with your performance and suitability for continued employment confirm the same in writing, or
- Terminate your Employment upon giving you [INSERT NUMBER OF DAYS] days prior written notice of termination.
- The employment agreement between the employer and the employee shall continue until terminated by the employer, subject to the terms and conditions outlined in this agreement.
- PERFORMANCE OF DUTIES
- The Employee shall devote his / her efforts and his / her full business time and attention to the performance of such duties and responsibilities as may be assigned to him/her from time to time by the Employer and in this regard follow all instructions issued or given by the Director of the Company or by a Manager Immediately Senior to the Employee.
- The Employee shall maintain proper dignity of the company’s office and deal the matter with sobriety.
- The Employee shall devote his/her best efforts and all of his/her business time to the performance of his/her duties under this Employment Agreement and shall perform them faithfully, diligently and competently, in a manner consistent with the policies of the Company as determined from time to time by the Director of the Company and shall directly report to the immediate Head or Senior in hierarchy. The Employee whilst working with the Company shall not, except with the prior written consent of the Board of Directors engage in activities outside the scope of his /her employment and shall fulfill his /her res possibilities or duties under this Employment Agreement.
- That during the Employment period, the employee without consent of the Employer/company in writing shall not sign on any documents or commit on behalf of the company without mutual consent. If the employee violates the same, then consequently in case if any liability arises then the company shall not be responsible for it in any circumstances.
- That the employee services will be governed by the rules and regulations of the company as in force from time to time and also as per certified model. The Employer can modify the Agreement or Rules and Regulations from time to time and the modification will be applicable from the same day.
- OBLIGATIONS OF THE EMPLOYEE
- Upon execution of agreement, the Employee shall not engage in any sort of theft, fraud, misrepresentation or any other illegal act neither in the employment space nor outside the premise of employment. If he/she shall do so, the Company shall not be liable for such an act done at his own risk.
- The Employee further promises to never engage in any theft of the Employer’s property or attempt to defraud the Employer in any manner.
- The Employee shall always ensure that his/her conduct is in accordance with all the rules, regulations and policies of the Company as notified from time to time.
- The Employee shall not take up part-time or full-time employment or consultation with any other party or be involved in any other business during the term of his/her employment with the Company.
- The Employee shall always ensure that his/her conduct is in accordance with all the rules, regulations and policies of the Company as notified from time to time, including but not limited to Leave Policy and Sexual Harassment Policy.
- The Employer hereby prohibits the Employee from engaging in any sexual harassment and the Employee promises to refrain from any form of sexual harassment during the course of employment in and around the premise of employment. If the Employee violates this term in the agreement, he shall be fully responsible for his/her actions and the Employer shall not be held responsible for any illegal acts committed at the discretion of the Employee.
- OBLIGATION OF EMPLOYER
- The Employer shall employ the Employee in the position of [INSERT JOB TITLE] and shall provide the necessary resources, tools, and support required for the Employee to fulfill their job responsibilities effectively.
- The Employer shall compensate the Employee in accordance with the terms outlined in this Agreement, including but not limited to salary, bonuses, incentives, and any other benefits as per company policy.
- The Employer shall maintain a safe, healthy, and inclusive work environment, complying with all applicable labor laws, workplace safety regulations, and anti-discrimination policies.
- The Employer shall provide relevant training and development opportunities to enhance the Employee’s skills and career progression where necessary and feasible.
- The Employer shall uphold a non-discriminatory workplace, ensuring fair treatment, equal opportunities, and protection against harassment or unfair labor practices.
- The Employer shall ensure the timely and accurate payment of all wages, salaries, and other financial entitlements as per the terms of this Agreement and applicable labor laws.
- In the event of termination, the Employer shall fulfill all obligations related to notice periods, final payments, severance pay (if applicable), and any other entitlements in accordance with the law and company policy.
- The Employer shall take reasonable measures to ensure the protection of the Employee’s personal data and confidential information in compliance with applicable privacy and data protection laws.
- COMPENSATION
- Subject to the following provisions of this Agreement, during the Employment Period, the Employee shall be compensated for his services as follows:
- The Employee shall receive an annual salary, payable in monthly or more frequent installments, as per the convenience of the Employer, an amount of [INSERT COMPENSATION AMOUNT] per [ANNUM/MONTH], subject to such increases from time to time, as determined by the Employer. Such payments shall be subject to such normal statutory deductions by the Employer.
- During the term of this Agreement, the Employee's salary shall be paid by means of bank transfer, cheque, or any other method convenient to the Employer, and consented to by the Employee.
- All reasonable expenses arising out of employment shall be reimbursed assuming that the same have been authorized prior to being incurred and with the provision of appropriate receipts.
- Subject to the following provisions of this Agreement, during the Employment Period, the Employee shall be compensated for his services as follows:
- LEAVE POLICY
- The Employee is entitled to [INSERT NUMBER OF PAID LEAVES] of paid casual leaves in a year and [INSERT NUMBER OF SICK LEAVES] of sick leave. In addition, the Employee will be entitled to public holidays mentioned under the Leave Policy of the Employer.
- The Employee may not carry forward or encash any holiday to the next holiday year.
- In the event that the Employee is absent from work due to sickness or injury, he/she will follow the Leave Policy and inform the designated person as soon as possible and will provide regular updates as to his/her recovery and as far as practicable will inform the designated person of the Employer of his/her expected date of return to work.
- If the Employee is absent from work due to sickness or injury for more than three consecutive days he/she must submit to the Employer a self-certification form. If such absence lasts for more than seven consecutive days the Employee must obtain a medical certificate from his/her doctor and submit it to the employer.
- For any period of absence due to sickness or injury the Employee will be paid statutory sick pay only, provided that he satisfies the relevant requirements. The Employee’s qualifying days for statutory sick pay purposes are Monday to Friday.
- CONFIDENTIALITY
- The Employee shall not, directly or indirectly, either during the term of the Employee’s employment under this Employment Agreement or thereafter, disclose to anyone (except in the regular course of the Company’s business or as required by law), or use in any manner, any information acquired by the Employee during his/her employment by the Company with respect to any trade secrets, clients, customers or other confidential information of the Company, its subsidiaries and associate companies worldwide, their operations or affairs unless such information has become public knowledge other than by reason of actions (direct or indirect) of the Employee.
- As long as the Employee is employed, and also thereafter, he/she shall maintain confidential the corporate secrets and all other information of a confidential nature pertaining to the Company and its operations. The Employee may use such information only during his/her employment by the Company and in the interest of the Company. The Employee shall at all times carefully and diligently safeguard and promote the Company’s interests.
- During the course of employment, any such creation, innovation or any such intellectual property shall be exclusive property of the Company.
- That during and after the employment period, the employee will not divulge or appropriate to his/her own use or to the use of others, in competition with the company, any secret or confidential information or knowledge pertaining to the business of the company, or of any of its subsidiaries, obtained by the Employee while employed by the company or any of its subsidiaries.
- That the Employee will maintain proper dignity as well as decorum of the company's office. The Employee will maintain and keep in his/her safe custody such identity card, documents, files, books, mobile, laptop, papers etc issued to the Employee and shall return the same whenever required.
- The agreement shall revive and apply again from time to time post completion of Two-Year period.
- When the Employee’s employment with the Company is terminated, he/she shall return to the Company all business documentation, devices, notes etc. and copies thereof pertaining to the Company and its operations that have been entrusted to him/her or to which he/she has access.
- TERMINATION
- In case the Employer terminates the employment without just cause, in which case the Employer shall provide the Employee with advance notice of termination equal to [INSERT DAYS OR MONTHS FOR TERMINATION NOTICE].
- The Employee may terminate his employment at any time by providing the Employer with at least [INSERT PERIOD FOR ADVANCE NOTICE FOR INTENTION OF RESIGNATION] advance notice of his intention to resign.
- It is clarified that upon termination of this Agreement, the Employee shall cease to be an Employee of the Company. The management of the Company reserves the sole right to extend the termination of this Agreement.
- Upon termination of this Agreement, the Employee shall hand over all documents and materials constituting the property of the Company, including any proprietary rights, Intellectual Property Rights and Confidential Information, which may be in the possession of the Employee at the time of termination of this Agreement.
- Termination of this Agreement for any reason shall not entitle the Employee to any compensation for loss of office and he shall only be entitled to such dues as may be contractually or statutorily payable in terms of this Agreement.
- That if the employee commits any offence punishable under the [INSERT COUNTRY/STATE OF APPLICABLE LAWS] Law even outside the company or with the customer outside the course of employment, the company shall not be responsible for it in any circumstances.
- That during the course of employment, if the employee commits any fraud with the Company and as a result of which the company suffers huge loss, in case of such an event, the Employer shall be entitled to recover the same from the employee’s movable and immovable property by instituting legal / court proceedings.
- Notwithstanding the above, Employment Agreement can be terminated on the following grounds:
- Employee being found guilty of any dishonesty, misconduct, willful neglect of duty or other conduct amounting to gross misconduct with fellow colleagues or seniors;
- Employee committing a material breach of the terms and conditions of this Employment Agreement;
- Employee being found to be medically unfit or,
- Employee being declared a bankrupt or insolvent or,
- Employee being convicted of any offence involving moral turpitude or defined under the [INSERT STATE/COUNTRY OF APPLICABLE LAWS] Law,
- Misappropriation of the Company’s monies or property by the Employee or; Misconduct or insubordination on the part of the Employee,
- INDEMNIFICATION
- Each party (“Indemnifying Party”) shall indemnify, defend, and hold harmless the other party, its affiliates, officers, directors, employees, agents, successors, and assigns (“Indemnified Party”) from and against any and all claims, demands, actions, suits, or proceedings initiated by third parties, as well as any resulting liabilities, damages, losses, costs, and expenses, including reasonable attorneys’ fees, to the extent such claims arise from;
- any breach by the Indemnifying Party of its covenants, agreements, or obligations under this Agreement;
- any inaccuracy or material misrepresentation in the representations or warranties made by the Indemnifying Party; or
- any claim that the use, licensing, or commercialization of intellectual property or proprietary rights by the Indemnifying Party infringes, misappropriates, or otherwise violates the rights of any third party. The Indemnified Party shall provide prompt written notice of any claim for which indemnification is sought, and the Indemnifying Party shall have the right to assume and control the defence with counsel of its choosing, subject to the Indemnified Party’s reasonable approval.
- The Indemnified Party shall cooperate in good faith, and while it may participate in the defence at its own expense, the Indemnifying Party shall not settle any claim without the Indemnified Party’s prior written consent if such settlement imposes liability, does not provide a full release, or includes an admission of wrongdoing. Indemnification shall not apply to the extent that the claim arises from the Indemnified Party’s own willful misconduct, negligence, or material breach of this Agreement.
- Each party (“Indemnifying Party”) shall indemnify, defend, and hold harmless the other party, its affiliates, officers, directors, employees, agents, successors, and assigns (“Indemnified Party”) from and against any and all claims, demands, actions, suits, or proceedings initiated by third parties, as well as any resulting liabilities, damages, losses, costs, and expenses, including reasonable attorneys’ fees, to the extent such claims arise from;
- LIABILITY
- The Employer shall not be liable for any loss, injury, or damage suffered by the Employee during the course of employment, except where such loss, injury, or damage is directly caused by the Employer’s negligence, willful misconduct, or breach of statutory duty.
- The Employer shall maintain appropriate workplace insurance coverage, including workers’ compensation insurance where required by law, to cover any injuries or accidents occurring in the course of employment.
- The Employer shall not be responsible for any legal claims, damages, or liabilities arising from the Employee’s unauthorized actions, negligence, or willful misconduct.
- DISPUTE RESOLUTION
- The Parties shall endeavour to resolve any differences of opinion which may arise between them with respect to the provisions of this Agreement by negotiation between themselves personally or with the assistance of their attorneys and unless in the opinion of any party, acting reasonably, the matter in dispute is of such significant nature to warrant it being addressed otherwise, no party shall commence any public proceedings until the negotiations have failed to produce a resolution. In furtherance of the provisions of this paragraph, all Parties hereby agree to make themselves available on short notice and to negotiate promptly and in good faith, any matter any party may wish to negotiate.
- All disputes arising under this agreement shall be governed by and interpreted in accordance with the Arbitration laws of [INSERT COUNTRY/STATE OF ARBITRATION] , without regard to principles of conflict of laws. The parties to this agreement will submit all disputes arising under this Agreement to Arbitration in [INSERT COUNTRY/STATE OF ARBITRATION] before a single arbitrator . The arbitrator shall be selected by mutual agreement of the parties. The venue of Arbitration proceedings shall be [INSERT NAME OF COUNTRY AND CITY WHERE ARBITRATION SHALL BE CONDUCTED] No party to this agreement will challenge the jurisdiction or venue provisions as provided in this section. The decision of the Arbitrator shall be final and binding upon the parties.
- APPLICABLE LAW
- This Agreement shall be governed by and constructed in accordance with the Laws, rules, orders and regulations of [INSERT THE COUNTRY/STATE OF APPLICABLE LAWS].
- The Parties shall resolve all disputes in connection with the validity or interpretation of this Agreement, unless otherwise expressly stated in the Agreement, in the following manner:
- By direct negotiations between the employer and employee
- If negotiations between the parties are unsuccessful, the matter shall be referred to the competent court sitting at [INSERT THE PLACE OF THE COURT WHICH SHALL HAVE EXCLUSIVE JURISDICTION IN CASE OF UNSUCCESSFUL NEGOTIATION] which shall have exclusive jurisdiction in all matters arising there from unless otherwise agreed between the Parties in writing.
- FORCE MAJUERE
- Neither party shall be held liable for any failure or delay in performing its obligations under this Agreement if such failure or delay is caused by events beyond the reasonable control of the affected party, including but not limited to acts of God, natural disasters (e.g., floods, earthquakes, hurricanes), war, terrorism, riots, labour strikes, governmental actions, epidemics or pandemics, power outages, or other similar events ("Force Majeure Events").The affected party shall promptly notify the other party in writing of the occurrence of a Force Majeure Event, providing reasonable details of the event, its expected duration, and the steps being taken to mitigate its impact. Failure to provide timely notice may result in the affected party forfeiting its rights under this clause. If a Force Majeure Event continues for a period exceeding [INSERT THE NUMBER OF DAYS CONSTITUTING PERIOD EXCEEDING WHICH, IF THE FORCE MAJEURE CONTINUES, EITHER PARTY MAY TERMINATE THE AGREEMENT] days, either party may terminate this Agreement upon written notice to the other party without further liability, except for obligations accrued prior to the Force Majeure Event.
- NON-SOLICITATION
- During the term of this Agreement and for a period of [FILL UP THE DURATION FOR WHICH THE NON SOLICIATION CLAUSE WILL AP, e.g., 12 months] following its termination or expiration (the "Restricted Period"), [INSERT THE PARTY THAT SHALL NOT SOLICIT] agrees not to, directly or indirectly:
- Solicit, induce, or attempt to solicit or induce any employee, contractor, or agent of [INSERT THE PARTY THAT IS PROTECTED UNDER NON-SOLICITATION CLAUSE] to terminate their relationship with [INSERT THE PARTY THAT IS PROTECTED UNDER NON-SOLICITATION CLAUSE] or to join any business or entity associated with [INSERT THE PARTY THAT SHALL NOT SOLICIT].
- Solicit, induce, or attempt to solicit or induce any customer, client, or business partner of [INSERT THE PARTY THAT IS PROTECTED UNDER NON-SOLICITATION CLAUSE] with whom [INSERT THE PARTY THAT SHALL NOT SOLICIT] had contact or became aware of during the term of this Agreement, for the purpose of diverting business or engaging in a competing activity.
- Both parties agree that the duration, scope, and terms of this non-solicitation clause are reasonable and necessary to protect the legitimate business interests of [INSERT THE PARTY THAT IS PROTECTED UNDER NON-SOLICITATION CLAUSE].In the event of a breach or threatened breach of this clause, [INSERT THE PARTY THAT IS PROTECTED UNDER NON-SOLICITATION CLAUSE] shall be entitled to seek injunctive relief and any other legal or equitable remedies available, without the requirement to post bond or other security.
- NON- COMPETE
- During the term of this Agreement and for a period of [INSERT THE DURATION FOR WHICH THE NON-COMPETE CLAUSE WILL APPLY, e.g., 12 months] following its termination or expiration (the "Restricted Period"), [INSERT THE PARTY THAT SHALL NOT COMPETE] shall not, directly or indirectly, engage in, own, manage, operate, control, be employed by, consult for, or otherwise participate in any business that competes with the products or services provided by the other party. within the geographical area of [INSERT THE GEOGRAPHICAL REGION WITHIN WHICH THE NON-COMPETE CLAUSE APPLIES]. Both parties agree that the scope, duration, and geographical limitations of this non-compete clause are reasonable and necessary to protect the legitimate business interests of [INSERT THE NAME OF PARTY THAT IS PROTECTED UNDER NON-COMPETE CLAUSE]. [INSERT THE NAME OF PARTY THAT IS PROTECTED UNDER NON-COMPETE CLAUSE] shall have the right to seek injunctive relief and any other remedies available at law or in equity to enforce this non-compete clause in the event of a breach or threatened breach by the other party.
- NON-DISPARAGEMENT
- The Parties agree that neither they nor any of their representatives, agents, employees, or affiliates shall, directly or indirectly, make or publish any statements, comments, or communications, whether orally, in writing, or electronically, including through any channel such as social media platforms, websites, forums, or other public or private means, that disparage, defame, or negatively portray the other Party, its business, products, services, employees, or reputation.
- This clause does not prohibit a Party from making truthful statements when required by law, regulation, or valid court order, provided the Party uses reasonable efforts to provide prior notice to the other Party, to the extent permitted by law.
- NOTICES
- Any notice, request, demand, consent or other communication required or permitted under this Agreement shall be in writing and sent either via email on the email address as provided by the parties and shall be considered sent when the email is sent to the correct email address of the party or shall be given by personal delivery (including courier) by certified mail (confirmed by mail) addressed to the party for which it is intended at the address below and shall be deemed to be given on the day of delivery or transmission if within during normal business hours, or, if after business hours, on the next following Business Day, or if mailed by registered or certified mail, on the day which is [INSERT THE APPLICABLE NUMBER OF BUSINESS DAYS WITHIN WHICH THE NOTICE WILL BE DEEMED SERVED] Business Days after such notice is mailed during normal postal conditions. In the event of a postal disruption, any notice mailed will be deemed received on the [INSERT THE APPLICABLE NUMBER OF BUSINESS DAYS WITHIN WHICH THE NOTICE WILL BE DEEMED SERVED] Business Day following resumption of regular postal service:
- If to the Employer : [INSERT THE EMAIL ID OR/AND ADDRESS OF EMPLOYER]
- If to the Employee : [INSERT THE EMAIL ID OR/AND ADDRESS OF EMPLOYEE]
- Either party may change its address/email address for notices and other communications upon notice to the other party in the manner aforesaid.
- Any notice, request, demand, consent or other communication required or permitted under this Agreement shall be in writing and sent either via email on the email address as provided by the parties and shall be considered sent when the email is sent to the correct email address of the party or shall be given by personal delivery (including courier) by certified mail (confirmed by mail) addressed to the party for which it is intended at the address below and shall be deemed to be given on the day of delivery or transmission if within during normal business hours, or, if after business hours, on the next following Business Day, or if mailed by registered or certified mail, on the day which is [INSERT THE APPLICABLE NUMBER OF BUSINESS DAYS WITHIN WHICH THE NOTICE WILL BE DEEMED SERVED] Business Days after such notice is mailed during normal postal conditions. In the event of a postal disruption, any notice mailed will be deemed received on the [INSERT THE APPLICABLE NUMBER OF BUSINESS DAYS WITHIN WHICH THE NOTICE WILL BE DEEMED SERVED] Business Day following resumption of regular postal service:
- MISCELLANEOUS
- Modifications: Except as otherwise provided herein this Agreement shall not be amended or otherwise modified unless the modification or amendment is done in writing, signed and has been mutually agreed by both the parties.
- Language: The language of all communications between the parties pursuant to this Agreement, including notices and reports, will be English.
- Severability: If any provision of this Agreement shall, to any extent, be held to be invalid or unenforceable, it shall be deemed to be separate and severable from the remaining provisions of this Agreement, which shall remain in full force and effect and be binding as though the invalid or unenforceable provision had not been included.
- Entire agreement: This agreement along with all the Exhibits constitutes the entire understanding and agreement of the parties with respect to its subject matter and supersedes all prior and contemporaneous agreements or understandings, inducements or conditions, express or implied, written or oral, between the parties. This Agreement may be executed in identical duplicate counterparts, each of which shall be deemed an original, and both of which together shall constitute one and the same instrument.
- No Waiver: Any failure or delay of any Party hereto in exercising any right or privilege with respect to this Agreement shall not be construed to be a waiver or to affect the validity of any part of the Agreement and shall not retrain any of the Parties to enforce any of the provisions of the Agreement.
- Amendments and Assignments: Any amendments to this Agreement shall be made, only if, both Parties agree upon such amendment in writing. This Agreement shall not be assigned by either party without the express, written consent of the other party.
- Headings: The headings upon the various sections are solely for convenience and reference only and shall not affect the scope, meaning, intent or interpretation of the provisions of this Agreement, nor shall such headings otherwise be given any legal effect.
- SUCCESSORS: This agreement shall be assigned by the Employer to any successor employer and be binding upon the successor employer. The Employer shall ensure that the successor employer shall continue the provisions of this agreement as if it were the original party of the first part.
- NON-ASSIGNMENT: The interests of the Employee under this Agreement are not subject to the claims of his creditors and may not be voluntarily or involuntarily assigned, alienated or encumbered.
- COUNTER PARTS
- The Agreement may be executed in two or more counterparts, any one of which shall be deemed the original without reference to the others.
- INDEPENDENT LEGAL ADVICE
- The Parties are advised to seek independent legal counsel before entering into this Agreement. Each Party acknowledges that they have been given a reasonable opportunity to consult with an attorney of their choosing regarding the terms, conditions, and obligations set forth in this Agreement, including any restrictions or commitments imposed herein.
- By signing this Agreement, the Parties confirm that they have either sought such independent legal advice or voluntarily chosen to proceed without it. Each Party further represents that they are entering into this Agreement knowingly, voluntarily, and with a full understanding of its provisions. The Parties acknowledge that they are not relying on any statements, promises, or representations made by the other Party or any representative thereof that are not expressly included in this Agreement.
- DECLARATION
- The Parties hereby acknowledge that the terms herein have been read, fully understood, and expressly agreed to, and hereby commit to performing their obligations with due diligence, honesty, and in good faith. The Parties hereby agree to foster a collaborative environment that promotes transparent communication and timely resolution of any issues, thereby ensuring compliance with all applicable laws and industry best practices.
IN WITNESS WHEREOF, the parties, intending to be legally bound, have each executed this agreement as of the effective date.
Signed, sealed and delivered on behalf of Employer
Name: [NAME OF EMPLOYER/SIGNING AUTHORITY AND DESIGNATION]
Signature:
Date: [SIGNING DATE OF EMPLOYER]
Signed, sealed and delivered on behalf of Employee
Name: [NAME OF EMPLOYEE/SIGNING AUTHORITY AND DESIGNATION]
Signature:
Date: [SIGNING DATE OF EMPLOYEE]