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CONSULTING AGREEMENT
This consulting agreement (this "Agreement") is made this 17th day of June,
2005, between CIMBIX CORPORATION, a bulletin board public company ("CBXC"),
and RON BALCONI ("BALCONI") a Consultant (collectively the "Parties" and
each individually a "Party").
RECITALS:
BALCONI is a consultant who desire to provide consulting services to CBXC;
and
CBXC desires to retain BALCONI as a product development and due diligence
consultant.
NOW THEREFORE, in consideration of their mutual promises made herein, and
for other good and valuable consideration, receipt of which is hereby
acknowledged by each Party, the Parties, intending to be legally bound,
hereby agree as follows:
I. Recitals. The Parties agree that the foregoing recitals are true
and correct and are incorporated herein by reference.
II. Engagement. CBXC hereby engages BALCONI and CBXC hereby accepts
such engagement upon the terms and conditions set forth in this Agreement.
A. Duties: BALCONI is engaged by CBXC as a product development and due
diligence consultant, to represent CBXC and its business in the
United States; to assist CBXC in expanding its business operations in
"business consulting" services and trade. BALCONI will report
directly to the board of directors of CBXC. The term of this Agreement
begins immediately.
B. Terms: Subject to the terms of this Agreement relating to termination,
this Agreement shall continue in full force and effect for a term of
twelve (12) months from the date thereof, and may be renewed for
successive periods of twelve (12) months thereafter by the mutual
written agreement of the Parties hereto made at least one (1) month
prior to the expiration of such term.
C. Fee Structure:
1. Time is of the Essence: Time is of the essence with respect to
the Parties' respective obligations under this Agreement.
2. Amount of Fee: CBXC hereby agrees to issue to BALCONI, and BALCONI
agrees to accept from CBXC, three hundred thousand (300,000) shares of
common stock of CBXC, which will be registered by CBXC on a Registration
Statement Form S-8 with the Securities and Exchange Commission.
3. Timing of Payment of Fee: CBXC shall pay and release Shares to
BALCONI upon satisfaction of performance from time to time in stages
commencing within thirty (30) days from filing of the Registration
Statement. Failure of CBXC to finally pay any Shares within thirty (30)
days after the applicable due date shall be deemed a material breach of
this Agreement, justifying suspension of the performance of the Services
provided by BALCONI and will be sufficient cause for immediate
termination of this Agreement by BALCONI, and such breach will cause
this Agreement to be null and void.
D. Independent Contractors: In all matters relating to this Agreement and
otherwise, the Parties hereto shall be and act as independent
contractors, neither shall be the employee or agent of the other, and
each shall assume any and all liabilities for its own acts. As a result
of his independent contractor status, BALCONI, and not CBXC, shall
be responsible for any and all income taxes and any and all other
employment related taxes or assessments which may be required of
BALCONI in his jurisdiction. Neither Party shall have any authority to
create any obligations, express or implied, on behalf of the other
Party and neither Party shall have any authority to represent the other
Party as an employee or in any capacity other than as herein provided.
III. Termination: This Agreement may be terminated by written notice of
either Party hereto forwarded to the other Party hereto. This Agreement shall
be binding on the Parties hereto for the Term provided herein, unless
terminated as provided herein.
IV. Arbitration: Any controversy or claim arising out of or relating to this
Agreement, or the breach thereof, or its interpretation or effectiveness, and
which is not settled between the Parties themselves, shall be settled by binding
arbitration in Washington and judgment upon the award may be entered in any
court having jurisdiction thereof. Nothing, however, contained herein shall
limit CBXC's rights to injunctive relief as set out in Paragraph V of this
Agreement The prevailing Party in any litigation, arbitration or mediation
relating to collection of fees, or any other matter under this Agreement, shall
be entitled to recover all its costs, if any, including without limitation,
reasonable attorney's fees, from the other Party for all matters, including, but
not limited to, appeals.
V. Injunctive Relief: BALCONI agrees that his violation or threatened
violation of any of the provisions of this Agreement shall cause immediate
and irr






