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Consulting Agreement

Consulting Services Agreement

Consulting Agreement | Document Parties: BIOGEN IDEC INC. You are currently viewing:
This Consulting Services Agreement involves

BIOGEN IDEC INC.

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Title: Consulting Agreement
Date: 7/17/2009
Industry: Biotechnology and Drugs     Sector: Healthcare

Consulting Agreement, Parties: biogen idec inc.
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Exhibit 10.1

Consulting Agreement

This Consulting Agreement is made as of the date of execution by the last party to sign between Eidetica Biopharma GmBH, a Swiss company whose registered address is Landis & Gyr Strasse 3, CH-6300 Zug ( Eidetica ), and Hans Peter Hasler, whose address is Küssnacht, SZ, Switzerland (the Consultant ).

AGREED TERMS

1. Appointment of Consultant .

Eidetica hereby retains the Consultant to provide services to Eidetica as described in Appendix A (the “ Services ”). The Consultant agrees to provide the Services to Eidetica to the best of the Consultant’s abilities.

2. Payments .

In consideration for the Services and of the rights granted to Eidetica by the Consultant hereunder, Eidetica shall make payments to the Consultant in the amounts and at the times set forth in Appendix A.

3. No Conflicting Obligations — Disclosure — Non-solicitation .

3.1 The Consultant confirms that he has the authority to execute this agreement in his own name and that he is not subject to any obligation or commitment that is inconsistent with this Agreement. The Consultant represents to Eidetica that his signature and his performance of this Agreement do not and will not conflict with any other employment or any other agreement to which the Consultant is a party.

3.2 The Consultant warrants that, for the term of this Agreement and any extension thereof agreed by both parties, he shall remain free from any commitments that would impede the completion of his obligations hereunder. Furthermore, the Consultant shall notify Eidetica of any consulting agreements he has or enters into with third parties that relate in any way to the Services.

3.3 For the duration of the Agreement and for six months thereafter the Consultant undertakes not to employ or solicit for employment any employee or consultant of Eidetica for a business operated or represented by the Consultant, without the prior written approval of the Board of Eidetica.

4.  Time Commitment. The Consultant agrees to dedicate appropriate and sufficient resources to diligently prepare and perform the Services set forth in Appendix A. In connection therewith, the Consultant shall make himself available to Eidetica from time to time at such locations as may be designated by Eidetica and perform the Services in accordance with the instructions of Eidetica and to the best of the Consultant’s abilities and in accordance with all applicable laws, regulations and professional standards. The parties agree that, prior to the commencement of employment of a new Chief Executive Officer, the Consultant would be available to provide the Services to Eidetica on a 40% full-time equivalent basis (an annual vacation entitlement of 12 working days is assumed in the annual fee), working on as many days or partial days as Eidetica reasonably deems necessary to secure adequate provision of the Services in accordance with the provisions of Appendix A. The Consultant must give adequate


 

notice to his Eidetica board contact of his intention of to take vacation. Following appointment of a new chief executive officer, to succeed Dan Koerwer, the time commitment of the Consultant shall be reviewed and agreed by the Parties.

5.  Intellectual Property and Other Property. The Consultant agrees to make available to Eidetica and Eidetica shall own and be free to use all intellectual property created, invented or conceived of by the Consultant in the performance of the Services (collectively, the “ Intellectual Property ”). Consultant shall execute and deliver to Eidetica any assignments or other documents relating to the Intellectual Property as Eidetica may request. Nothing herein shall be deemed to grant the Consultant any rights or licenses under any patent applications or patents or any know-how, technology or inventions of Eidetica.

6.  Confidentiality . During the course of the performance of the Services, the Consultant will have access to and may receive or create ideas, know-how, trade secrets, information, data, processes, substances and the like of Eidetica (the Information ).

The Consultant shall keep confidential the Information and shall limit access to the Information to those persons who require it for the performance o


 
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