Exhibit
10.7 Subcontractor Agreement and Assignment of
Intellectual Property
AGREEMENT No.________
OXYSURE SYSTEMS, INC.
SUBCONTRACTOR SERVICES
AGREEMENT
This
Subcontractor Services Agreement (“Agreement”) is
entered into and made effective as of, by and between
(“Subcontractor”) and OxySure Systems, Inc.
(“OSI” or “Client”).
a.
"Subcontractor" shall mean any corporation, partnership, or sole
proprietorship, subject to the limitations of Section 6 of this
Agreement, which possesses the requisite level of knowledge and
training and agrees to perform certain consulting services to be
provided to Client (“Services”). Subcontractor shall
also mean any corporation, partnership, or sole proprietorship,
subject to the limitations of Section 6 of this Agreement, which
agrees to supply OSI with a member or members of Subcontractor's
staff ("Personnel") to perform such Services to be provided to
Client.
b. From time to
time, on an as-needed basis, as determined by Client in
Client’s sole discretion, Subcontractor agrees to provide
such Services as are identified to Subcontractor by OSI.
Subcontractor’s Services shall be provided under the
direction and supervision of Client. Such services, and Personnel,
if any, shall be described in greater detail on Work Schedules to
be attached hereto as Exhibit A, as from time to time
amended by the parties hereto ("Work Schedule").
c. All work
performed and services provided hereunder shall be under the
direction and satisfaction of OSI, with or without instructions or
supervision from OSI. OSI shall provide no training, tools,
equipment or other materials to Subcontractor, unless otherwise
agreed to in writing.
d.
Subcontractor shall not, except to the extent inconsistent with the
requirements of this Agreement, be prohibited in any way from
performing any Services for any other individual or company during
the period of this Agreement. At any time, OSI may arrange for
other subcontractors or OSI’ own employees to provide the
same or similar Services to OSI.
e. The parties
acknowledge and agree that the relationship between Client and
Subcontractor under this Agreement and the fact that Client is
using Subcontractor’s Services is
confidential. Subcontractor may not disclose this
information to others unless it has been approved by OSI in
writing.
f. On
Client’s request, Subcontractor shall answer any questions
and/or prepare any reports or other written documents concerning
the Services.
g.
Subcontractor acknowledges and agrees that time is of the essence
in the value of Subcontractor’s services to Client and shall
use Subcontractor’s best efforts to provide all Services
requested of Subcontractor by Client efficiently and in accordance
with Client’s specifications and timetable for
delivery
a.
Subcontractor shall be paid bi-weekly, only for hours actually
worked, at an hourly rate as indicated on the Work Schedule,
without reduction for income tax withholdings or other employee
deductions. No amount will be deducted or withheld from
Subcontractor's compensation for state, local or federal taxes. No
FICA, FUTA or state unemployment taxes will be payable by OSI on
Subcontractor's behalf. Subcontractor and Personnel shall receive
no other compensation or benefits for services provided hereunder.
In order to be paid, Subcontractor must submit a time card signed
by an authorized representative of OSI each week in accordance with
such procedures as may be established by OSI from time to time.
Subcontractor's time card shall serve as Subcontractor's invoice
for payment and is a prerequisite for receipt of payment from OSI
for Subcontractor's services.
b. All ordinary
business expenses incident to Subcontractor's performance of
services under this Agreement shall be borne by Subcontractor. Any
extraordinary business expenses are to be paid by Subcontractor
unless approved in advance by OSI in writing. Subcontractor shall
provide Subcontractor's own equipment and materials for Services to
be rendered hereunder at Contractor's sole cost and
expense.
c.
Notwithstanding any other provision of this Agreement, should
Subcontractor fail to make prompt payment of wages or fees to
Personnel performing Services hereunder, OSI, may at its election,
contract directly with Personnel for the performance of the
Services contemplated by any Work Schedule.
d.
Subcontractor shall not, and shall cause Personnel to not, disclose
the existence or the substance of this Agreement, including, but
not limited to, Subcontractor's or Personnel's rate of pay or
remuneration details to any third party, including without
limitation, any customer or co-worker. Any such disclosure may
result in Subcontractor's and/or Personnel's immediate
termination.
3.
RELATIONSHIP/TERM/GUARANTEE
a.
Subcontractor and Personnel shall function under this Agreement
solely as independent contractors performing services for OSI, and
not as employees, agents, representatives, partners or joint
venturers of OSI. Subcontractor and Personnel are not to be deemed
employees of Client, and neither Subcontractor nor Personnel shall
have or claim any right arising from employee status.
b.
Subcontractor's services hereunder shall be "at will" and provided
only on an as needed basis without any commitment as to minimum use
by OSI. Subcontractor acknowledges and agrees that this Agreement
and/or any Work Schedule may be terminated immediately at any time
by OSI with or without cause at OSI’s sole discretion, and
that nothing in this Agreement or otherwise shall confer upon
Subcontractor or Personnel any right to provide Services to OSI or
restrict the right of OSI to terminate this Agreement at any time.
On termination of this Agreement, Subcontractor shall have no
further obligation to provide Services for Client and Client shall
have no further obligation to pay compensation beyond that for
Services rendered prior to the effective date of termination.
Additionally, upon termination of this Agreement, Subcontractor
agrees to sign and deliver the Termination Certificate attached
hereto as Exhibit B.
c.
Subcontractor is not Client’s agent and shall not have any
decision-making authority for any major acquisition, purchase or
policy decision relating to Client's business. Subcontractor is not
authorized to render opinions on the business affairs of OSI or its
business, nor is it authorized to affix the name of OSI to its
marketing collateral or other business materials or to otherwise
make use of OSI’s name, unless OSI specifically agrees to in
writing.
d. If for any
reason OSI is dissatisfied with Personnel supplied by
Subcontractor, Subcontractor will remove such person or persons
immediately and, if requested by OSI, provide a replacement or
replacements as soon as practicable. If OSI shall have notified
Subcontractor of its dissatisfaction prior to the conclusion of the
person's or persons' third day of work, Subcontractor will not
charge OSI for the first 24 hours worked.
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CONFIDENTIAL
INFORMATION/INTELLECTUAL PROPERTY/NON-SOLICITATION
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a.
Subcontractor acknowledges, that in the course of Subcontractor's
providing services hereunder, Subcontractor and Personnel may be
provided with, or have access to, Confidential Information
belonging to OSI, or its affiliates or other parties. Confidential
Information includes any and all information which any party may
consider proprietary or otherwise wish to keep confidential,
including, without limitation, business plans, marketing
strategies, product information & specifications, customer
lists, vendor lists, computer programs, schematics, source code,
object code, pricing, cost or profit figures and projections,
credit information, current, future or proposed products or
services, plans and technology, business forecasts, financial
records, accounting records, litigation documents and procurement
requirements, and technical information included in or on tracings,
flowcharts, software program code, drawings, field notes,
calculations, specifications and engineering data. Subcontractor
agrees to hold in strict confidence all Confidential Information
which Subcontractor or Personnel uses or to which Subcontractor or
Personnel gain access during the course of performance hereunder,
and Subcontractor shall not use, reproduce, publish, disclose,
copy, circulate, forward or otherwise make known to any person or
entity any Confidential Information, except to the extent required
in the performance of Subcontractor's and Personnel's Services to
OSI hereunder.
This
confidentiality clause shall not apply to (a) information that is
in the public domain, (b) information that was previously known to
Subcontractor before the engagement, (c) information received from
a third party having the right to lawfully possess and disclose
such information without breaching this Agreement, (d) information
approved for release by prior written authorization by OSI, and (e)
information required to be disclosed by a court of competent
jurisdiction, but only to the extent expressly required and only
after alerting OSI of such disclosure requirement.
b.
Subcontractor warrants and represents that any materials used or
provided by Subcontractor for use by Client pursuant to this
Agreement shall not contain any proprietary material or information
owned by any other person that is protected under applicable
law. Subcontractor shall be solely responsible for
ensuring that any materials or information provided by
Subcontractor pursuant to this Agreement satisfy this requirement
and Subcontractor agrees to hold Client harmless from all liability
or loss to which Client is exposed on account of
Subcontractor ’
s breach of this warranty and
representation or failure to perform this duty.
c. All rights
to ideas, discoveries, inventions, improvements, designs, work
product and innovations (including without limitation all data and
records pertaining thereto) that relate to the business of Client
and its affiliates, that are conceived, developed, written or
contributed by Subcontractor pursuant to this Agreement, either
individually or in collaboration with others, whether or not
patentable, copyrightable or reduced to writing ( “
Inventions ” ), shall be the exclusive property of
Client. Subcontractor shall maintain current and appropriate notes,
sketches and other records of all Inventions made or conceived by
Subcontractor during the term of this Agreement and those made or
conceived after this Agreement but arising from the Agreement, and
all such sketches, notes and other records shall be the sole
property of Client. Subcontractor shall promptly disclose all
Inventions to Client.
d. Without
limiting the generality of section 4c. above, Subcontractor shall
assign and transfer, and does hereby assign and transfer, to Client
the world-wide right, title and interest of Subcontractor in the
Inventions. Subcontractor agrees that Client may file
copyright registrations and apply for and receive patents
(including without limitation Letters Patent in the United States)
for the Inventions in the names of Client or any of its affiliates
in such countries as may be determi