HR Partnerships and Affiliations Agreement
HR Partnerships and Affiliations Agreement
This Agreement is entered into as of January 20, 2055, by and between [Your Company Name], hereinafter referred to as the "Company," and Morris Corp, hereinafter referred to as the "Partner."
1. Purpose and Scope:
This agreement is intended to formalize a partnership between Company and Partner. The primary objective of this collaboration is to leverage the unique strengths, resources, and capabilities of each party to enhance the human resource capabilities, streamline recruitment processes, and ensure an effective talent management strategy for mutual benefit.
2. Affiliation Description:
Company and Partner, recognizing the synergy in their operations and the value of collaboration, have chosen to affiliate in the domain of human resource management and talent acquisition. This affiliation does not imply a merger or a change in the independent status of either entity but serves to enhance their cooperative activities in the specified domain.
3. Duration of the Agreement:
This agreement shall commence on January 20, 2055 and shall continue in full force until December 20, 2057, unless terminated earlier as per the provisions in this agreement.
4. Renewal Terms:
Upon the conclusion of the initial term, this agreement may be renewed for subsequent terms of one year each, unless either party provides written notice of its intent not to renew at least thirty (30) days prior to the expiration of the then-current term.
5. Services to be Offered by the Partner:
Partner commits to provide the following services:
A. Conducting monthly training sessions for new recruits on industry-specific skills.
B. Providing quarterly reports on HR trends and best practices.
C. Implementing and maintaining a cloud-based employee performance tracking system.
6. Services to be Offered by the Company:
Company commits to deliver the following services:
A. Hosting bi-annual workshops focusing on team-building and leadership skills.
B. Offering a platform for integrated talent management and career progression tracking.
C. Organizing annual HR tech conferences with global leaders and innovators.
7. Quality and Standards:
Both parties pledge to uphold the highest standards of service, adhering to industry best practices and maintaining a consistent level of quality. Regular quality checks and reviews will be conducted to ensure compliance. Any deviation from the agreed-upon standards will be addressed promptly, with corrective measures implemented to prevent future discrepancies.
8. Payment Terms and Conditions:
Payments for the services rendered will be made on a monthly or quarterly basis. Invoices are to be submitted by the 5th of each month, with payment due by the 20th of the same month. Any delays in payment will accrue interest at a rate of 2% per month.
9. Financial Liabilities:
Each party is responsible for their financial obligations and liabilities arising out of this agreement. Neither party shall be liable for the debts, liabilities, or obligations of the other, unless explicitly stated in this agreement.
10. Revenue Sharing:
If applicable, revenue generated from joint ventures or collaborative projects will be shared based on an agreed-upon formula. As per the current terms, the revenue split will be 60% for Company and 40% for Partner. Any changes to this distribution will require a formal amendment to this agreement.
11. Confidentiality Clauses:
Both parties agree to treat all information acquired during the course of this partnership, including but not limited to financial data, business strategies, and client details, as strictly confidential. Neither party shall disclose, reproduce, distribute or use such information except as required to fulfill their responsibilities under this agreement.
12. Data Sharing Protocols:
Any sharing of sensitive or personal data will be done in compliance with relevant data protection laws and standards. Both parties will implement appropriate security measures to protect the integrity and confidentiality of shared data. Data transmission methods will be agreed upon in advance, with encryption and other protective measures in place as necessary.
13. Duration of Confidentiality:
The obligations to maintain confidentiality will continue for a period of three years after the termination or expiry of this agreement, unless otherwise mutually agreed upon.
14. Penalties for Breach:
A breach of the confidentiality clauses could result in significant harm to the non-disclosing party. In the event of such a breach, the party responsible will be liable for all resultant damages, both direct and consequential. Additionally, the injured party reserves the right to seek injunctive relief to prevent further disclosures.
15. Ownership Rights:
Any intellectual property (IP), including but not limited to software, documentation, designs, or innovations developed during the course of this partnership, will be the joint property of both parties, unless specified otherwise. Individual IP ownership prior to this agreement will remain unaffected.
16. Use of Trademarks and Logos:
Each party grants the other a limited, non-exclusive license to use its trademarks, logos, and other brand identifiers for the purposes outlined in this agreement. Such usage must adhere to each party's brand guidelines, and any misuse can result in the revocation of this license.
17. Restrictions:
Neither party may sublicense, sell, or otherwise transfer their intellectual property rights to a third party without the explicit written consent of the other party. Both parties must also refrain from any action that may harm or dilute the value of the other's intellectual property.
18. Non-Compete & Non-Solicitation:
Both parties agree that, during the term of this agreement and for a period of two (2) years after its termination, neither party will engage in, or support any entity engaged in, any business activities that compete directly with the other party. Additionally, neither party shall, directly or indirectly, solicit for employment or hire any employees, contractors, or consultants of the other party during the same duration.
19. Mediation and Arbitration Clauses:
Should any dispute arise from or in relation to this agreement, both parties agree to first attempt to resolve the matter amicably through negotiation. If a resolution is not reached within thirty (30) days, either party may propose mediation. Should mediation not lead to a resolution, the matter will be referred to arbitration in accordance with the rules of the American Arbitration Association. The arbitrator's decision will be final and binding on both parties.
20. Jurisdiction and Governing Law:
This agreement, and any disputes arising from or in relation to it, will be governed by the laws of the State of California. Both parties consent to the exclusive jurisdiction of the courts located in Los Angeles, California for the purpose of litigating all such disputes, unless arbitration is mutually agreed upon.
21. Limitations of Liability:
Except in cases of willful misconduct or gross negligence, neither party shall be liable to the other for any indirect, incidental, special, punitive, or consequential damages (including, without limitation, lost profits or revenue) arising out of or in connection with this agreement. The total liability of either party, for any claim or series of related claims, shall not exceed the amounts paid or payable under this agreement during the twelve (12) months immediately preceding the event giving rise to the claim.
22. Indemnification Provisions:
Each party agrees to indemnify, defend, and hold harmless the other party, its affiliates, officers, directors, employees, agents, and licensors from and against any and all claims, liabilities, damages, losses, costs, expenses, fees (including reasonable attorney's fees) that such parties may incur as a result of or arising from any breach of this agreement or any negligence or willful misconduct by the indemnifying party or its employees or agents.
23. Amendments and Waivers:
Any changes or modifications to this agreement must be in writing and signed by both parties. A waiver by either party of any breach or default under this agreement shall not be deemed a waiver of any subsequent breach or default.
24. Force Majeure:
Neither party will be liable for any delay or failure to perform any of its obligations under this agreement if such delay or failure results from events or circumstances beyond its reasonable control, including but not limited to acts of God, strikes, lockouts, accidents, war, fire, or shortage of materials or labor. Both parties will be entitled to a reasonable extension of time for the performance of such obligations.
25. Entire Agreement:
This agreement contains the entire agreement between the parties regarding the subject matter hereof and supersedes all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral.
26. Assignment:
Neither party may assign, transfer, or delegate any of its rights or obligations under this agreement without the prior written consent of the other party.
27. Notices and Communications:
All notices, requests, consents, claims, demands, waivers, and other communications under this agreement must be in writing and addressed to the parties at the addresses set forth on the first page of this agreement or to such other addresses that may be designated by the receiving party in writing. All communications shall be deemed delivered when received, if personally delivered; on the delivery date, if sent by certified or registered mail; or on the delivery date if sent by overnight courier.
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Authorized Representative [Your Company Name] January 20, 2055 |
Authorized Representative Morris Corp January 20, 2055 |
