KOMPTRADE: BUSINESS CONSULTANT AGREEMENT

This document is a consultancy contract subject to the terms INCOTERM latest edition. The information transmitted is encrypted in order to preserve strict confidentiality.

KOMPTRADE LTD   www.komptrade.com

I. The Parties. This Business Consultant Agreement is made effective as of:

by and between:

Business Consultant:

KOMPTRADE LTD, a company involved in the trade of petroleum products, incorporated and existing under the laws of United Kingdom, with its registered office at 4/4a Bloomsbury Square, London, United Kingdom, WC1A 2RP and registered with Company house in London United Kingdom under number 11584164, represented by Mr Alain Kwenkeu Nouho, the “Business Consultant”

And

Client

100
200
100
100

II. Services. Business Consultant agrees to provide the following Services:

Enable the client to acquire logistics capacity at Rotterdam port by:

  • Find an accredited logistics company, (tank farm) operating at Rotterdam port.
  • Transmit the identity of the logistics company to the client for approval.
  • Assist and connect the client with the logistics company for contract signature - Tank Storage Agreement.

Feature of Logistics Company:

  • Storage and handling of petroleum products.
  • Label Good Handling Practices (GHP).
  • Complies with the European Community (CE) label
  • Accredited at the port of Rotterdam, Antwerp and Zeebrugge

To assist the "Client" in acquiring logistics capacity in the Port of Rotterdam by entering into a Tank Storage Agreement (TSA) with a Tank farm handling products in accordance with Good Handling Practice (GHP) and Safety Data Sheet (SDS) ("Services").

III. Term. The Services shall commence on:

and end: (check one)

200

IV. Compensation. In consideration for the Services provided, the Business Consultant is to be paid in the following manner

V. Contingency. As part of the Business Consultant’s Pay, Contingency-fee will be reimbursed up to 100% and must be supported by duly receipted invoices.

VI. Payment. Business Consultant shall be paid, in accordance with section IV:  Upon the Client receiving an Invoice from the Business Consultant.

VII. Retainer. The Client is required to pay a Retainer in the amount of $15,000.00 (Fifteen thousand) to the Business Consultant as an advance on future Services to be provided ("Retainer").

VIII. Expenses. The Business Consultant shall be responsible for all expenses related to providing the Services under this Agreement. This includes, but is not limited to, supplies, equipment, operating costs,  employment costs, taxes, Social Security contributions and/or payments, disability insurance, unemployment taxes, and any other cost that may or may not be in connection with the Services provided by the Business Consultant. 

The Business Consultant shall be reimbursed for ONLY the following expenses: 

- Business costs;

- Out-of-pocket expenses in connection with the Services provided by the Business Consultant 

Client agrees to pay the Business Consultant within thirty (30) days of receiving notice of any expense directly associated with the Services. Upon request by the Client, the Business Consultant may have to show receipt(s) or proof(s) of purchase for said expense.

IX. Disputes. If any dispute arises under this Agreement, the Business Consultant and the Client shall negotiate in good faith to settle such dispute. If the parties cannot resolve such disputes themselves, then either party may submit the dispute to mediation by a mediator approved by both parties. If the parties cannot agree with any mediator or if either party does not wish to abide by any decision of the mediator, they shall submit the dispute to arbitration by any mutually acceptable arbitrator, or the American Arbitration Association (AAA). The costs of the arbitration proceeding shall be borne according to the decision of the arbitrator, who may apportion costs equally or in accordance with any finding of fault or lack of good faith of either party. If either party does not wish to abide by any decision of the arbitrator, they shall submit the dispute to litigation. The jurisdiction for any dispute shall be administered in United States of America or United Kingdom.

X. Legal Notice. All notices required or permitted under this Agreement shall be in writing and shall be deemed delivered when delivered in-person or deposited in the United States or United Kingdom Postal Service via Certified Mail with return receipt, If different from the mailing address in Section I, enter below:

100

Business Consultant's Address: Same as the mailing address in Section I.

XI. Return of Records. Upon termination of this Agreement, the Business Consultant shall deliver all records, notes, and data of any nature that are in the Business Consultant's possession or under the Business Consultant's control and that are of the Client's property or relate to Client's business.

XII. Waiver of Contractual Right. The failure of either party to enforce any provision of this Agreement shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Agreement.

XIII. Independent Contractor Status. The Business Consultant, under the code of the Internal Revenue (IRS), is an independent contractor and neither the Business Consultant's employees or contract personnel are, or shall be deemed, the Client's employees. In its capacity as an independent contractor, the Business Consultant agrees and represents:

a.) Business Consultant has the right to perform Services for others during the term of this Agreement;

b.) Business Consultant has the sole right to control and direct the means, manner, and method by which the Services required under this Agreement will be performed; Business Consultant shall select the routes taken, starting and ending times, days of work, and order the work that performed;

c.) Business Consultant has the right to hire assistant(s) as subcontractors or to use employees to provide the Services under this Agreement.

d.) Neither Business Consultant nor the Business Consultant's employees or personnel shall be required to wear any uniforms provided by the Client;

e.) The Services required by this Agreement shall be performed by the Business Consultant, Business Consultant's employees or personnel, and the Client will not hire, supervise, or pay assistants to help the Business Consultant;

f.) Neither the Business Consultant nor the Business Consultant's employees or personnel shall receive any training from the Client for the professional skills necessary to perform the Services required by this Agreement; and

g.) Neither the Business Consultant nor Business Consultant's employees or personnel shall be required by the Client to devote full-time to the performance of the Services required by this Agreement.

XIV. State and Federal Licenses. The Business Consultant represents and warrants that all employees and personnel associated shall comply with federal, state, and local laws requiring any required licenses, permits, and certificates necessary to perform the Services under this Agreement.

XV. Payment of Taxes. Under this Agreement, the Client shall not be responsible for:

a.) Withholding FICA, Medicare, Social Security, or any other Federal or State withholding taxes from the Business Consultant's payments to employees or personnel or make payments on behalf of the Business Consultant;

b.) Making Federal and/or State unemployment compensation contributions on the Business Consultant's behalf; and

c.) Making payments of taxes incurred while performing the Services under this Agreement, including all applicable income taxes. 

XVI. Employees' Compensation. The Business Consultant shall be solely responsible for the following:

a.) Employee Benefits. The Business Consultant understands and agrees that they are solely responsible and shall be liable to all benefits that are provided to their employees, including, but not limited to, retirement plans, health insurance, vacation time-off, sick pay, personal leave, or any other benefit provided. 

b.) Unemployment Compensation. The Business Consultant shall be solely responsible for the unemployment compensation payments on behalf of their employees and personnel. 

XVII. Indemnification. Business Consultant shall release, defend, indemnify, and hold harmless Client and its officers, agents, and employees from all suits, actions, or claims of any character, name, or description including reasonable Business Consultant fees, brought on account of any injuries or damage, or loss (real or alleged) received or sustained by any person, persons, or property, arising out of services provided under this Agreement or Business Consultant's failure to perform or comply with any requirements of this Agreement including, but not limited to any claims for personal injury, property damage, or infringement of copyright, patent, or other proprietary rights. Client reserves the right to retain whatever funds which would be due to the Business Consultant under this Agreement until such suits, action or actions, claim or claims for injuries or damages as aforesaid shall have been settled and satisfactory evidence to that effect furnished.

XVIII. Confidentiality & Proprietary Information. The Business Consultant acknowledges that it will be necessary for the Client to disclose certain confidential and proprietary information to the Business Consultant in order for the Business Consultant to perform their duties under this Agreement. The Business Consultant acknowledges that disclosure to a third (3rd) party or misuse of this proprietary or confidential information would irreparably harm the Client. Accordingly, the Business Consultant will not disclose or use, either during or after the term of this Agreement, any proprietary or confidential information of the Client without the Client's prior written permission except to the extent necessary to perform the Services on the Client's behalf.

Proprietary or confidential information includes, but is not limited to:

a.) The written, printed, graphic, or electronically recorded materials furnished by Client for Business Consultant to use;

b.) Any written or tangible information stamped "confidential," "proprietary," or with a similar legend, or any information that Client makes reasonable efforts to maintain the secrecy of, business or marketing plans or strategies, customer lists, operating procedures, trade secrets, design formulas, know-how and processes, computer programs and inventories, discoveries and improvements of any kind, sales projections, and pricing information; and

c.) Information belonging to customers and suppliers of the Client about whom the Business Consultant gained knowledge as a result of the Business Consultant‘s Services to the Client.

Upon termination of the Business Consultant's Services to the Client, or at the Client's request, the Business Consultant shall deliver all materials to the Client in the Business Consultant's possession relating to the Client's business. The Business Consultant acknowledges any breach or threatened breach of confidentiality under this Agreement will result in irreparable harm to the Client for which damages would be an inadequate remedy. Therefore, the Client shall be entitled to equitable relief, including an injunction, in the event of such breach or threatened breach of confidentiality. Such equitable relief shall be in addition to the Client's rights and remedies otherwise available at law.

Furthermore, proprietary information, under this Agreement, shall include:

a.) The product of all work performed under this Agreement ("Work Product"), including without limitation all notes, reports, documentation, drawings, computer programs, inventions, creations, works, devices, models, works-in-progress and deliverables, will be the sole property of the Client, and Business Consultant hereby assigns to the Client all right, title, and interest therein, including, but not limited to, all audiovisual, literary, moral rights and other copyrights, patent rights, trade secret rights, and other proprietary rights therein. Business Consultant retains no right to use the Work Product and agrees not to challenge the validity of the Client's ownership in the Work Product;

b.) Business Consultant hereby assigns to the Client all right, title, and interest in any and all photographic images and videos or audio recordings made by the Client during Business Consultant's work for them, including, but not limited to, any royalties, proceeds, or other benefits derived from such photographs or recordings; and

c.) The Client will not be  be entitled to use the Business Consultant's name and/or likeness in advertising and other materials.

XIX. Assignment and Delegation. The Business Consultant may assign rights and may delegate duties under this Agreement to other individuals or entities acting as a subcontractor ("Subcontractor"). The Business Consultant recognizes that they shall be liable for all work performed by the Subcontractor and shall hold the Client harmless of any liability in connection with their performed work.

The Business Consultant shall be responsible for any confidential or proprietary information that is shared with the Subcontractor in accordance with this section. If any such information is shared by the Subcontractor to third (3rd) parties, the Business Consultant shall be made liable.

XX. Governing Law. This Agreement shall be governed under the laws in the United States of America or United Kingdom.

XXI. Severability. This Agreement shall remain in effect in the event a section or provision is unenforceable or invalid. All remaining sections and provisions shall be deemed legally binding unless a court rules that any such provision or section is invalid or unenforceable, thus, limiting the effect of another provision or section. In such case, the affected provision or section shall be enforced as so limited.

XXII. Additional Terms and Conditions The Business Consultant has no responsibility for the future contract between the Client and the logistics company. The mission of the Business Consultant ends when the Client and the logistics company confirm their readiness to cooperate. The Client will provide the Business Consultant with all the documents necessary for the proper performance of his service and this transmission implies that the Business Consultant may transmit them to a third party, namely the logistics company.

XXIII. Entire Agreement. This Agreement, along with any attachments or addendums, represents the entire agreement between the parties. Therefore, this Agreement supersedes any prior agreements, promises, conditions, or understandings between the Client and Business Consultant. This Agreement may be modified or amended if the amendment is made in writing and is signed by both parties.

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the dates written hereunder.

Business consultant:

Komptrade ltd signature, follow the link below.

https://drive.google.com/file/d/1DaMH9h0roLLbsTkyYQCiVfktVcDS8C0e/view?usp=sharing

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