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Exhibit 10.13
Contractor
Name: MedWork, AG
Term: January 1, 2005 (“Effective Date”) to
(“Termination Date”)
INDEPENDENT
CONTRACTOR SERVICES AGREEMENT
THIS AGREEMENT
is between ReGen Biologics, Inc., a Delaware corporation and its successors or
assignors (“Client”) and the undersigned (the
“Contractor”).
1. ENGAGEMENT OF SERVICES. Client may from
time to time issue Project Assignment(s) in the form attached to this Agreement
as Exhibit A. Subject to the terms of this Agreement, Contractor
will, to the best of Contractor’s ability, render the services set forth
in Project Assignment(s) accepted by Contractor by the completion dates set
forth therein. Contractor may not subcontract or otherwise delegate
Contractor’s obligations under this Agreement without Client’s
prior written consent.
2. COMPENSATION. Client will pay Contractor a
fee for services rendered under this Agreement as set forth in the Project
Assignment(s) undertaken by Contractor. Contractor will be reimbursed for any
reasonable expenses incurred in connection with the performance of services
under this Agreement provided Contractor submits verification of such expenses
as Client may require. Upon termination of this Agreement for any reason,
Contractor will be paid fees and expenses on a proportional basis as stated in
the Project Assignment(s) for work which is then in progress, to and including
the effective date of such termination. Unless other terms are set forth in the
Project Assignment(s) for work which is in progress, Client will pay the
Contractor for services and will reimburse the Contractor for previously
approved expenses within thirty (30) days of the date of
Contractor’s invoice.
3. INDEPENDENT CONTRACTOR RELATIONSHIP.
Contractor’s relationship with Client will be that of an independent
contractor and nothing in this Agreement should be construed to create a
partnership, joint venture, or employer-employee relationship. Contractor will
not be entitled to any of the benefits which Client may make available to its
employees, such as group insurance, profit-sharing or retirement benefits.
Contractor is not the agent of Client and is not authorized to make any
representation, contract, or commitment on behalf of Client unless specifically
requested or authorized to do so by a Client Manager. Contractor will be solely
responsible for all tax returns and payments required to be filed with or made
to any federal, state or local tax authority with respect to Contractor’s
performance of services and receipt of fees under this Agreement. Contractor
must maintain and will be solely responsible for keeping adequate records of
expenses incurred in the course of performing services under this Agreement. No
part of Contractor’s compensation will be subject to withholding by Client
for the payment of any social security, federal, state or any other employee
payroll taxes. Client will regularly report amounts paid to Contractor by
filing Form 1099-MISC with the Internal Revenue Service as required by
law.
4. TRADE SECRETS — INTELLECTUAL PROPERTY
RIGHTS.
4.1 Confidential Information.
Contractor agrees during the term of this Agreement and thereafter to take all
steps necessary to hold Client’s Confidential Information in trust and
confidence. “Confidential Information” includes, but is not limited
to, technical and business information relating to Client’s inventions or
products, research and development, production, manufacturing and engineering
processes, costs, profit or margin information, employee skills and salaries,
finances, customers, marketing, and production and future business plans, and
any
third party’s proprietary or
confidential information disclosed to Contractor in the course of providing
services to Client. Notwithstanding the other provisions of this Agreement, nothing
received by Contractor will be considered to be Client Confidential Information
if (1) it has been published or is otherwise readily available to the
public other than by a breach of this Agreement; (2) it has been
rightfully received by Contractor from a third party without confidential
limitations; (3) it has been independently developed for Contractor by
personnel or agents having no access to the Client Confidential Information; or
(4) it was known to Contractor prior to its first receipt from Client. If
Contractor is not sure if particular Company or third party information is
“Confidential Information,” then Contractor agrees to treat all
such information as Confidential Information until Contractor is able to
determine whether or not the particular information is confidential, through
discussions with an authorized officer of Client, whose designation of
information as Confidential Information shall be binding on Contractor.
4.2 No Conflict of Interest.
Contractor agrees during the term of this Agreement not to accept work or enter
into a contract or accept an obligation, inconsistent or incompatible with
Contractor’s obligations under this Agreement or the scope of services
rendered for Client. Contractor warrants that to the best of Contractor’s
knowledge, there is no other existing contract or duty on Contractor’s
part inconsistent with this Agreement, unless a copy of such contract or a
description of such duty is attached to this Agreement as Exhibit B.
Contractor further agrees not to disclose to Client, or bring onto
Client’s premises, or induce Client to use any confidential information
that belongs to anyone other than Client or Contractor.
4.3 Disclosure of Work Product. As
used in this Agreement, the term “Work Product” means any new or
useful art discovery, improvement or invention whether or not patentable, and
all related know-how, designs, mask works, trademarks, formulae, processes,
manufacturing techniques, trade secrets, ideas, artwork, software or other
copyrightable or patentable works. Contractor agrees to disclose promptly in
writing to Client, or any person designated by Client, all Work Product which
is solely or jointly conceived, made, reduced to practice, or learned by
Contractor in the course of any work performed for Client (“Client Work
Product”). Contractor represents that any Work Product relating to
Client’s business or research and development which Contractor has made,
conceived or reduced to practice at the time of signing this Agreement (“Prior
Work Product”) has been disclosed in writing to Client and attached to
this Agreement as Exhibit C.
4.4 Assignment of Client Work Product.
Contractor irrevocably assigns the Client all right, title and interest
worldwide in and to the Client Work Product and all applicable intellectual
property rights related to the Client Work Product, including without
limitation, copyrights, trademarks, trade secrets, patents, moral rights,
contract and licensing rights (the “Intellectual Property Rights”),
Contractor retains no rights to use the Client Work Product and agrees not to
challenge the validity of Client’s ownership in the Client Work Product.
4.5 Waiver or Assignment of Other Rights.
If Contractor has any rights to the Client Work Product that cannot be assigned
to the Client, Contractor unconditionally and irrevocably waives the
enforcement of such rights, and all claims and causes of action of any kind
against the Client with respect to such rights, and agrees, at the
Client’s request and expense, to consent to and join in any action to
enforce such rights. If Contractor has any right to the Client Work Product
that cannot be assigned to the Client or waived by Contractor, Contractor
unconditionally and
irrevocably grants to Client during the term
of such rights, an exclusive, irrevocable, perpetual, worldwide, fully paid and
royalty-free license, with rights to sublicense through multiple levels of
sublicensees, to reproduce, create derivative works of, distribute, publicly
perform and publicly display by all means now known or later developed, such
rights.
4.6 Assistance. Contractor agrees to
cooperate with Client or its designee(s), both during and after the term of
this Agreement, in the procurement and maintenance of Client’s rights in
Client Work Product and to execute, when requested any other documents deemed
necessary by Client to carry out the purpose of this Agreement. [Contractor
agrees to execute upon Client’s request a signed transfer of copyright to
Client in the form attached to this Agreement as Exhibit D for all
Client Work Product subject to copyright protection, including, without
limitation, computer programs, notes, sketches, drawings and reports.] In the
event that Client is unable for any reason to secure Contractor’s
signature to any document required to apply for or execute any patent,
copyright or other applications with respect to any Client Work Product
(including improvements, renewals, extensions, continuations, divisions or
continuations in part thereof), Contractor hereby irrevocably designates and
appoints Client and its duly authorized officers and agents as its agents and
attorneys in fact to act for and in its behalf and instead of Contractor, to
execute and file any such application and to do all other lawfully permitted
acts to further the prosecution and issuance of patents, copyrights, mask works
or other rights thereon with the same legal force and effect as if executed by
Contractor.
4.7 Return of Client Property. Upon
termination of this Agreement for any reason or in any manner, or at any
earlier time upon Client’s request, Contractor agrees to promptly deliver
all Client property, including but not limited to all tangible embodiments of
the Client Work Product, and all copies of Client property in
Contractor’s possession to Client.
5. REPRESENTATIONS AND WARRANTIES;
INDEMNIFICATION. Contractor hereby represents and warrants that (a) the
Client Work Product will be an original work of Contractor and any third
parties will have executed assignment of rights reasonably acceptable to
Client; (b) neither the Client Work Product nor any element thereof will
infringe the Intellectual Property Rights of any third party; (c) neither the
Client Work Product nor an element thereof will be subject to any restrictions
or to any mortgages, liens, pledges, security interests encumbrances or
encroachments; (d) Contractor will not grant, directly or indirectly, any
rights or interest to third parties whatsoever in the Client Work Product; and
(e) Contractor has full right and power to enter into and perform this
Agreement without the consent of any third party. Contractor will indemnify and
hold harmless Client, its officers, directors, employees, sublicensees,
customers and agents from any and all claims, losses, liabilities, damages,
expenses and costs (including attorneys’ fees and court costs) which
result from a breach or alleged breach of any representation or warranty of
Client set forth in this Section 5 of the Agreement.
6. Policies for Securities Trading and
Handling of Nonpublic Information. Contractor agrees to comply with
Client’s Policy Regarding Securities Handling of Nonpublic Information
(the “Policy”) attached to this Agreement as Exhibit F.
Contractor acknowledges that Contractor’s agreement to comply with the
Policy does not create an employer-employee relationship between Contractor and
Client. Contractor acknowledges that in addition to the Policy, Contractor is
individually responsible for complying with securities laws, and will be
personally liable for Contractor’s own violations.
7. TERMINATION.
7.1 Termination by the Client. Client
may terminate this Agreement at any time and without any breach by Contractor
upon fifteen (15) days’ prior written notice to Contractor. Client
may also terminate this Agreement immediately in its sole discretion upon
Contractor’s material breach of Section 4, Section 6 and/or
Section 7.3.
7.2 Termination by Contractor.
Contractor may terminate this Agreement at any time and without any breach by
Client upon fifteen (15) days’ prior written notice to the Client.
7.3 Non-Solicitation. During and for a
period of two (2) years immediately following termination of this
Agreement by either party, Contractor agrees not to solicit or induce any
employee or independent contractor to terminate or breach an employment,
contractual or other relationship with Client.
8. GENERAL PROVISIONS.
8.1 Governing Law. This Agreement will
be governed, construed, and enforced in accordance with the laws of the State
of California, without giving effect to the conflicts of laws principles
thereof.
8.2 Severability; Waiver. If any
provision of this Agreement is held to be invalid or unenforceable for any
reason, the remaining provisions will continue in full force without being
impaired or invalidated in any way. No failure or delay on the part of Client
to exercise any right, power, or privilege under this Agreement shall operate
as a waiver thereof, nor shall single or partial exercise of any right, power,
or privilege hereunder preclude any other or further exercise thereof or the
exercise of any other right, power, or privilege.
8.3 Notices. All notices, requests and
other communications under this Agreement must be in writing, and must be
mailed by registered or certified mail, postage prepaid and return receipt
requested, or delivered by hand to the party to whom such notice is required or
permitted to be given. If mailed, any such notice will be considered to have
been given five (5) business days after it was mailed, as evidenced by the
postmark. If delivered by hand, any such notice will be considered to have been
given when received by the party to whom notice is given, as evidenced by
written and dated receipt of the receiving party. The mailing address for
notice to either party will be the address shown on the signature page of this
Agreement. Either party may change its mailing address by notice as provided by
this section.
8.4 Legal Fees. If any dispute arises
between the parties with respect to the matters covered by this Agreement which
leads to a proceeding to resolve such dispute, the prevailing party in such
proceeding shall be entitled to receive its reasonable attorneys’ fees,
expert witness fees and out-of-pocket costs incurred in connection with such
proceeding, in addition to any other relief it may be awarded.
8.5 Injunctive Relief. A breach of any
of the promises or agreements contained in this Agreement may result in
irreparable and continuing damage to Client for which there may be no adequate
remedy at law, and Client is therefore entitled to seek injunctive relief as
well as such other and further relief as may be appropriate.
8.6 Survival. The following provisions
shall survive termination of this Agreement: Section 4, Section 5,
and Section 7.3.
8.7 Entire Agreement. This Agreement
set forth the entire understanding and agreement of the parties and supersedes
any an all other agreements, written or oral, regarding the subject matter of
this Agreement. It may not be changed orally but only by a writing signed by
both parties. The terms of this Agreement will govern all Project Assignments
and services undertaken by Contractor for Client.
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CLIENT: |
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CONTRACTOR: |
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ReGen Biologics, Inc. |
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MedWork, AG |
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By: |
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/s/ Brion Umidi |
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By: |
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/s/ Andreas Baenzinger |
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Title: Senior Vice
President and CFO |
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Title: |
Baenzinger Andreas Dr. Med. |
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Address: |
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509 Commerce Street |
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Address: |
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Feldstrasse M. 9050 |
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