Service Agreement Between - AND Dadhich & Co. Dated Privileged & Confidential 04 November 2024 by and Between
Service Agreement Between - AND Dadhich & Co. Dated Privileged & Confidential 04 November 2024 by and Between
AGREEMENT
BETWEEN
___________
_______
_______
_______
AND
DADHICH & CO.
DATED
This Agreement is made and executed at Mumbai on 04th November 2024, BY AND BETWEEN
In case the Service Partner is other than an individual, details of the beneficial ownership (owning
more than 5% of the entity) are as under:
Name Address Contact Details KYC Identification % Holding
Number
AND
DADHICH & CO. a company having its registered office at F323 West Karawal Nagar Delhi - 110094
(hereinafter referred to as the “Company OR DADHICH & CO.”, which expression shall, unless
repugnant to the context or meaning hereof, be deemed to mean and include its successors and
permitted assigns) of the Other Part.
AND WHEREAS:
The DADHICH & CO. is a company inter alia engaged in skill development and vocational
training (workforce development) activities since October 2022.
The Service Partner is professionally engaged in the business of providing services as required
by the company and as enumerated in this agreement.
The Company maintains a website under the name and style of which provides full time, part
time, formal and informal training programs on online and/or offline basis for individuals in
order to help them meet the specific needs of the industry and business and equip them to
meet the changes in technology; developing and publishing training materials for regular and
distance education programmers; co-operating with national and international organizations,
educational, research and other institutions in any part of the world having objects wholly or
partly similar to those of the training franchisor; fostering a sense of partnership with the
industry in promoting the cause of education, research, extension and in mobilizing resources
for achieving the aforementioned objectives.
Accordingly, the Service Partner has approached the Company and has offered to provide the Partner
Services in accordance with terms and conditions of this Services Agreement
Considering the above, the Company is desirous of accepting the proposal of the Service Partner for
providing Services to the Company in accordance with mutually decided terms and conditions agreed
between the Parties from time to time.
Both Parties desire to obtain Services from the other party, more particularly mentioned in Annexure 1,
on the terms and conditions set out in this Agreement.
The Parties are therefore desirous of recording the detailed terms and conditions on which these Services will
be provided.
IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES AS FOLLOWS:
3. INDEPENDENT CONTRACTOR
3.1 Both Parties are acting, in performance of this Agreement, as independent contractors. The
Employees of both Parties are not the employees or agents of the other Party and shall work
under the control and management of their respective employers who shall continue to be fully
responsible for their acts. Both Parties shall be solely responsible for the payment of
compensation and all statutory benefits of their Employees and the Employees shall be
informed that they are not entitled to any of the employee benefits of the other Party. The
Employees of both Parties shall affirm they are not employees of the other Party for any
purpose and that they shall not exercise any rights, seek or be entitled to any benefit accruing
to the regular employees of the other Party.
3.2 Neither this Agreement nor the disclosure or receipt of any information shall constitute or imply
any promises or intention to enter into a partnership, principal and agent relation, Employee
and Employer, agency or joint venture between the Parties to make or purchase any products
or services by either Party.
4. INTELLECTUAL PROPERTY
4.1 With respect to the Services performed by the Parties, both Parties acknowledge that they will
have exclusive, unlimited ownership rights to all copyright, title and other IP ownership in and
to Services provided by them including derivatives therefrom. Both Parties acknowledge and
agree that they shall not assume, by virtue of this collaboration, ownership or any rights
whatsoever in any manner over any content, name, logo or other intellectual property of the
other Party. Both Parties shall neither disclose, share, part with Intellectual Property Rights
related information of the other Party to any third party nor use the information for their own
benefit.
4.2 Nothing contained herein shall be construed as granting or implying any transfer of rights
(including license rights) to the other Party in the confidential information or other intellectual
property relating to the other Party.
4.3 Both Parties do not grant the other Party the right to use their name/logo for the purpose of
promoting the Services as detailed in this Agreement through any form of private
communication or public advertisements including print, electronic, radio, banners, wall
painting etc. without the specific written approval from the other Party.
4.4 Both Parties shall, upon the request of the other Party, or upon the termination, cancellation or
expiration of this Agreement, within 30 days return to the other Party, all materials, information
and/or deliverables prepared or developed as a result of the Services, which belong to the other
Party in terms of this Agreement.
4.5 The Service Partner shall ensure that no training modules, teaching processes and/or business
processes and databases of the Company are at any point of time reproduced, unauthorized
used and/or distributed on any occasion and/or for any reason whatsoever without prior written
consent taken from such persons as are duly authorized by the Company. The consent of the
authorized person and such letter seeking such consent shall expressly state the materials to
be reproduced and/or transmitted and the specific purpose for which the same needs to be
done.
4.6 The Service Partner agrees and undertakes to protect the trade secret and business processes
of the Company and make sure that their confidentiality is not breached by any of its
employees, agents or sub- contractors.
4.7 The Service Partner shall by no means whatsoever use any business processes or intellectual
property generated by the Company, received during the duration of this Services Agreement
for any commercial and/or non–commercial purpose except in connection with the Services to
be provided by him under this Services Agreement.
10. NON-COMPETITION
The Service Partner hereby acknowledges that during the course of his/her/its
engagement/association with the Company, he/she/it will become familiar with the Company’s
trade secrets and with other confidential information concerning the Company and its group
companies and that the Partner Services will be of a special, unique and extraordinary value to
the Company. Accordingly, the Service Partner hereby agrees that, he/she/it shall not, for a
period of twelve (12) months following the termination of this Services Agreement, directly or
indirectly, by himself or through any affiliate,
a) Own (including owning any shares in any entity), manage, control, participate in, consult
with, finance, render services for, or otherwise engage in any business competing with the
business of the Company or its group companies within India, or with an intent to compete
with the business of the Company or its group companies within India;
b) Engage in, continue in or carry on any business which competes with the Company in the
Company's Business or which is substantially similar thereto;
c) Consult with, advise or assist in any way, whether or not for consideration, any
corporation, partnership, firm or other business organization which is now or becomes a
competitor of the Company if the principal purpose of such consultation, advice or
assistance is to permit such corporation, partnership, firm or business organization to
compete with the Company in the Company's Business, including, but not limited to,
advertising or otherwise endorsing the products of any Competitor of the Company for
such purpose; soliciting customers or otherwise serving as an intermediary for any such
competitor of the Company for such purpose; loaning money or rendering any other form
of financial assistance to or engaging in any form of business transaction with any
competitor of the Company for such purpose;
d) Undertake any business with or solicit the business of any person, firm or company who
shall have been a customer or partner of the Company and with whom any executive of
the Company or its subordinates has dealt with during the then immediately preceding 12
months which might adversely affect the Company's business relationship with such
customer or partner, unless such solicited business relates to the Company's Business; or
e) Engage in any practice, the purpose of which is to evade the provisions of his covenant not to
compete.
11. NON-SOLICITATION
Throughout the term of the Service Partner’s association/engagement by the Company and for a
period of twenty-four
(24) months following the termination of this Services Agreement, he/she/it shall not, directly or
indirectly, solicit or attempt to solicit any existing client or vendor of the Company or employ,
solicit for employment, or advise or recommend to any other person, firm or corporation any
personnel of the Company. The Service Partner hereto also agrees that the Company may
suffer irreparable harm from a breach of the covenants or agreements contained in this Clause,
and that monetary damages may be inadequate to compensate the Company for any such
breach. Accordingly, the Service Partner shall agree that in the event of any breach of this
Clause, the Company or its Affiliates, successors or assigns shall be entitled to temporary and
permanent injunctive relief to enforce or prevent any violations of this Clause and that such
relief may be granted without the necessity of proving actual damages. Such injunctive or
equitable relief shall be in addition to and not in lieu of any right to recover money damages for
any such breach.
12. CONFIDENTIALITY
12.1 Both Parties acknowledge that they shall, in the course of performing their responsibilities
under this Agreement, be exposed to or acquire Confidential Information of the other Party or
its Affiliates (collectively the “Disclosers”) or their clients or to third parties to whom the
Disclosers owe a duty of confidentiality. Both Parties agree to hold the Confidential Information
in strict confidence and not to copy, reproduce, sell, assign, license, market, transfer or
otherwise dispose of, give or disclose such information to third parties or to use such
information for any purposes whatsoever other than the performance of this Agreement.
12.2 Both Parties shall not publicize, disclose or allow disclosure of any information about the
Disclosers, their present or former directors, officers, employees, agents or clients, their or their
business and financial affairs, personnel matters, operating procedures, organization
responsibilities, marketing matters and policies
/procedures, with any Person, or take any other action seeking to publicize or disclose any such
information in any way likely to result in such information being made available to the general
public in any form, including books, articles or writings of any other kind, as well as film,
videotape, audiotape or any other medium.
12.3 Both Parties shall ensure that access to Disclosers is given only on a need to know basis to such
employees and other personnel who are directly involved with carrying out the Services, in
furtherance of the Agreement; they will ensure that such employees or other personnel who
have access to the Disclosers are bound by and adhere to the same standards of security and
confidentiality as are applicable to them , whether by way of executing separate confidentiality
agreement with each such employee or otherwise.
12.4 In the event either Party subcontracts its obligations under the Agreement, it shall ensure that
the sub- contractor abides by and is subject to the terms and conditions of this Agreement.
12.5 If any of the Parties, their employees, sub-contractors, agents representatives or other Person
exposed to Confidential Information in accordance with the terms of this Agreement (the
"Recipient") is/are requested to disclose all or any part of any Confidential Information or
Disclosers under a summons or inquiry issued by a court of competent jurisdiction or by a
judicial or administrative agency or similar Person or which is otherwise required to be disclosed
by law, statute or regulation, the Recipient shall disclose the same for the reasons herein
mentioned in this clause and shall immediately notify the other Party of the existence, terms
and circumstances surrounding such request.
12.6 Confidential Information shall not include information that is:
(a) in or becomes part of the public domain other than by disclosure by the Recipient in
violation of this Agreement;
(b) demonstrably known to the Recipient previously, without a duty of confidentiality;
(c) independently developed by the Recipient outside of this Agreement;
(d) rightfully obtained by the Recipient from third parties without a duty of confidentiality; or
(e) Which is required to be disclosed by law, statute or regulation?
12.7 Both Parties shall ensure that they have in place, requisite technical and organizational
measures that are necessary and aimed at protecting the Disclosers against accidental or
unlawful destruction or accidental loss, alteration, unauthorized disclosure or access, and
against all other unlawful forms of processing.
12.8 Both Parties will ensure that except as otherwise expressly authorized by the other Party, they
will not make any copies or duplicates of the Disclosers otherwise than for the intended
purpose as stated in this Agreement.
12.9 Both Parties confirm that if any unauthorized use or disclosure of the Disclosers or breach of the
Agreement occurs and is within the knowledge of the Party, or the Party subsequently becomes
aware of the unauthorized use or disclosure or breach of the security measures, as the case
may be, they shall immediately report the same to the other Party. They shall provide a
detailed report of such breach as requested by the other Party.
12.10 That reasonable steps will be taken to delete information on any specific Disclosers, on
obtaining the specific written request from the other Party, within 15 (fifteen) days of such a
request.
12.11 Upon the termination of the Agreement (or earlier if requested by the other Party), both Parties
shall return to the other, all copies of documents, papers or other material which may contain or
be derived from the Confidential Information, which are in their possession or control, within 30
(thirty) days of such a request being received by the other Party, together, if requested, with a
certificate signed by them in form and substance satisfactory to the other Party, stating that all
the Confidential Information has been returned.
12.12 Confidential Information shall be used by both Parties exclusively in connection with the
performance of Services now or in the future to be performed by them under this Agreement.
12.13 Both Parties will hold Confidential Information in strict confidence and will not, nor will they
permit any agent, servant or employee to, copy, reproduce, sell, assign, license, market,
transfer or otherwise dispose of, give or disclose Confidential Information to any person,
company or corporation, including any partner or employee of the Parties who does not have a
need to know the Confidential Information.
12.14 Upon the termination of the services to be performed by them (or earlier if requested by the
other Party) both Parties shall return to the other, all copies of documents, papers or other
material relating to the other Party or obtained or developed in the course of performing
services for the other Party.
13. TERMINATION
13.1 Unless terminated earlier pursuant to the terms hereof, this Agreement shall continue in force
during the Initial Term and Additional Term, if any,
13.2 Without prejudice to any other rights or remedies which it may have, either Party shall be
entitled to terminate this Agreement forthwith by notice if:
(a) the other Party shall have committed a Breach of this Agreement and either such Breach
is incapable of remedy or shall continue un-remedied for thirty (30) days after a notice
specifying the breach and requiring the same to be remedied has been given to the
defaulting Party; or
(b) if (save in relation to a re-organization, re-construction or amalgamation not affecting the
credit- worthiness of the other party):
(i) an order is made or resolution is passed for the winding-up of the other Party or if
a provisional liquidator is appointed in respect of the other Party;
(ii) A receiver (which expression shall include administrative receiver) is appointed in
respect of the other Party or all or any of its assets.
13.3 Notwithstanding anything to the contrary contained in this Agreement, either Party may, by
giving 90 (ninety) days prior written notice to the other Party, terminate this Agreement.
13.4 The Company shall be entitled to terminate this Services Agreement with immediate effect by
written notice to the Service Partner if:
a) the Service Partner commits a material breach of any of the provisions of this Services
Agreement (as defined throughout this Services Agreement), and either that breach is not
capable of being remedied or, in the case of a breach capable of remedy, that party fails
to remedy the same within 7 days after receipt of a written notice giving full particulars of
the breach and requiring it to be remedied; or
b) the Service Partner is in persistent non-material breach (whether remediable or not) of
any of the provisions of this Services Agreement;
c) the Service Partner goes into liquidation (except for the purposes of amalgamation or
reconstruction and in such manner that the Company resulting there from effectively
agrees to be bound by or assume the obligations imposed on that other party under this
Services Agreement);
d) an encumbrance takes possession or a receiver is appointed over any of the property or
assets of the Service Partner;
e) the Service Partner makes any voluntary arrangement with its creditors or becomes
subject to an administration order;
f) anything analogous to any of the foregoing under the law of any jurisdiction occurs in
relation to the Service Partner; or
g) The Service Partner ceases, or threatens to cease, to carry on business.
15. ARBITRATION
15.1 If any dispute arises amongst Parties hereto during the subsistence of this Agreement or
thereafter, in connection with the validity, interpretation, implementation or alleged breach of
any provision of this Agreement or regarding a question, including the questions as to whether
the termination of this Agreement by either Party has been legitimate, the Parties shall
endeavor to settle such dispute amicably.
15.2 In the case of failure by the Parties to resolve the dispute in the manner set out above within 30
days from the date when the dispute arose, the dispute shall be referred to a panel of three
arbitrators, with both Parties appointing one arbitrator each and the arbitrators so appointed
nominating a third arbitrator. The place of arbitration proceedings shall be Kolkata, West
Bengal, India. The arbitration proceedings shall be governed by the Arbitration and Conciliation
Act, 1996 and shall be conducted in the English language. The arbitrators shall also decide on
the costs of the arbitration proceedings.
15.3 The arbitrator's award shall be substantiated in writing and the award shall be enforceable in
the competent courts at West Bengal, India.
15.4 The provisions of this Clause shall survive termination of this Agreement.
16. NOTICES
16.1 Any notice and other communications provided for in this Agreement shall be in writing and
shall be first transmitted by electronic transmission, and then confirmed by postage, prepaid
registered airmail or by internationally recognized courier service, in the manner as elected by
the Party giving such notice to the following addresses:
16.2 All notices shall be deemed to have been validly given on (i) the business date immediately
after the date of transmission with confirmed answer back, if transmitted by electronic
transmission, or (ii) the business date of receipt, if transmitted by courier or registered airmail.
16.3 Either Party may, from time to time, change its address or representative for receipt of notices
provided for in this Agreement by giving to the other Party not less than 30 days’ prior written
notice.
17. MISCELLANEOUS
17.1 Reservation of rights
No forbearance, indulgence or relaxation or inaction by a Party at any time to require
performance of any of the provisions of this Agreement shall in any way affect, diminish or
prejudice the right of such Party to require performance of that provision. Any waiver or
acquiescence by a Party of any breach of any of the provisions of this Agreement shall not be
construed as a waiver or acquiescence of any right under or arising out of this Agreement or of
the subsequent breach, or acquiescence to or recognition of rights other than as expressly
stipulated in this Agreement.
17.2 Severability
The Parties agree that the covenants, obligations and restrictions in this Agreement are
reasonable in all circumstances. In the event that any of the provisions contained in this
Agreement is found to be invalid, illegal or unenforceable in any respect by a court of
competent jurisdiction, the validity, legality, or enforceability of the remaining provisions
contained in this Agreement will not be in any way affected or impaired by such a finding.
17.3 Assignment
No Party shall be entitled to assign, sub-contract, transfer or otherwise deal with this
Agreement or any right or obligation under this Agreement without the prior written consent of
the other Party.
17.4 Amendments
No modification or amendment to this Agreement and no waiver of any of the terms or
conditions hereto shall be valid or binding unless made in writing and duly executed by both
Parties.
17.5 Entirety
This Agreement constitutes the entire Agreement between the Parties with respect to the
subject matter hereof to the exclusion of all other understandings and assurances, either
written or oral.
17.6 Counterparts
This Agreement has been executed in duplicate, each of which shall be deemed to be an
original, and shall become effective when the Parties have signed both the sets.
17.7 Governing law and jurisdiction
This Agreement shall be governed by and construed in accordance with the laws of India. Subject
to Clause 12 (Arbitration) of this Agreement, the courts at West Bengal, India shall have exclusive
jurisdiction over any claims, disputes, differences and/or any other matter/issue in relation to this
Agreement.
17.8 Costs
Save as otherwise provided in this Agreement, each Party shall bear its own costs (including
Taxes) and expenses incurred in connection with the execution of this Agreement and all
transactions herein envisaged. Stamp duty on this Agreement shall be borne equally by both
Parties.
17.9 Non-exclusivity:
Nothing in this Agreement shall be construed as creating any obligations of exclusivity on the
Parties. The Parties shall, at all times, be entitled to enter into similar arrangements with other
third parties for the purpose of procuring/providing services similar or identical to the Services.
17.10 Non-Solicitation. (To be agreed based on partner)
Both Parties agree that during this agreement or for a period of one (1) year after termination of
this Agreement, they shall not employ, solicit for employment, or recommend for employment
any person employed by the other Party, unless agreed mutually.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.
Program Commercials
1. Target - As per discussions between DADHICH & CO. and the Service Partner, a target enrolment figure will
be shared by the 1st of each month, which the Service Partner will be expected to meet in the month.
2. Commercials
2.1 For providing Mobilization and Related Services:
Project Per Student Payment Terms
Cycle
Amount
DADHICH & CO.
(Voice-Over Monthl Rs. Full Payment Paid After Assessment
Artist)Media y 800.00 Between 35 to 45 Days
And
Entertainment
Skills Council
All the above rates are inclusive of all applicable taxes and will be subject to TDS deduction
Service Partner will issue a monthly invoice statement to the Company (the “Invoice Statement”) which will include,
among other things, the following contents:
1. Number of successful enrolment of candidates;
2. Details of Service Fees payable to the Service Partner by the Company; and
3. Details pertaining to any extra Partner Service provided by the Service Partner to the customers pursuant
to the receipt of instructions from the Company.
All payments due from the Company to the Service Partner shall be made via bank transfer using the bank details
provided by the relevant parties. The Service Partner agrees to fully indemnify the Company and hold
Company harmless against any losses, damages or claims arising out of the Service Partner’s failure to notify
Company of a change of bank account details, including but not limited to any Bank Charges incurred by
Company as a result.
In the event of a dispute between the Company and the Service Partner, any undisputed amount of Service Fees
will be paid in accordance with this Section. The Service Partner must notify the Company of its disagreement
within 14 days of receipt of the Invoice Statement setting out in detail the reason. If the Service Partner fails to do
so, the Invoice Statement shall be deemed accepted by the Service Partner.
In the event of fraudulent or alleged fraudulent activities by the Service Partner or if Company is required by law,
court order, governmental instruction, arbitrational decision to make a refund, of all or part of the fees in
relation to training session s conducted by the Company, the Company reserves the right to claim a repayment
from the Service Partner of any amount required to be repaid by Company to the customers and for any Bank
Charges relating thereto.
3.Claim Process
Service partner to raise Monthly (target vs actual) Invoices through the EP Claim Form.
Claim Form along with an Invoice must be raised to the respective DADHICH & CO. Representative
assigned to the Partner within the 5th of each month for the dues of the previous month. No older
month claims will be accepted.
Signatures
Date Signatur
: e:
Date Signatur
: e: