Professional Documents
Culture Documents
This Outsourcing Agreement for appointment of Pure Agent made at New Delhi on the [.]
day of [.] 2017 (the Effective Date)
BETWEEN
M/s. Mohinder Puri & Co., a company incorporated under the Companies Act, 1956 and having
its registered office at 1A-D, Vandhana Building, Tolstoy Marg, New Delhi - 110001,
hereinafter called as MPCO of the ONE PART
AND
M/s. IFIS Corporate Advisory Services Private Limited, a company incorporated under the
Companies Act, 1956 and having its registered office at 10-B, Vandhana Building, Tolstoy
Marg, New Delhi - 110001 hereinafter called as IFIS of the OTHER PART
WHEREAS MPCO is in the business of [.] and requires services of the nature of Pure Agent in
the regular course of business for carrying out its business operations.
AND WHEREAS the IFIS is in the business of providing services of the nature of corporate
advisory.
AND WHEREAS the MPCO is desirous of availing the services of IFIS and expressly authorize
IFIS to undertake such services carried out by MPCO for filing of forms with the Registrar of
Companies, and making the payment thereof on behalf of MPCO in the capacity of Pure Agent.
AND WHEREAS IFIS has agreed to act as the Pure Agent of MPCO to perform the services
laid down in this Agreement on behalf of MPCO on the terms and conditions set forth in this
Agreement.
1. TERM.
1.1. Initial term: The inital term of this Agreement shall commence on the Effective Date
April 1, 2009 and continue for a period of three (3) years, or such earlier date upon
which this Agreement may be terminated pursuant to Article 14.
1.2. Renewal and Extension: Unless this Agreement is terminated earlier pursuant to
Article 14, BSI shall notify IGMS at least ninety (90) days prior to expiration of the
Initial Term ("Initial Term Expiration Date) as to whether BSI desires to renew this
Agreement. If BSI provides IGMS with notice that it does not desire to renew this
Agreement, this Agreement shall expire on the Initial Term Expiration Date. If BSI
provides IGMS with notice that it desires to renew this Agreement, but BSI and IGMS
are unable to agree on the terms and conditions applicable to the renewal by the
expiration of the Initial Term, BSI shall be entitled to unilaterally extend the Agreement
for an additional period not to exceed sixty (60) days ("Extension Period") at the same
charges, terms and conditions in effect as of the Initial Term Expiration Date. If during
the Extension Period BSI and IGMS are unable to reach agreement on the terms and
conditions applicable to the renewal of this Agreement, this Agreement shall expire at
the end of the Extension Period and the eligibility for termination assistance shall
commence as provided in Article 14.
2. Services.
2.1. Generally. Commencing on the Effective Date and continuing throughout the Term,
IGMS shall be responsible for providing to BSI: (a) the Services in accordance with the
terms of this Agreement, and (b) any incidental services, functions and responsibilities
not specifically described in this Agreement, but which are required for the performance
and delivery of the Services.
2.2. Volume Increases/Decreases. IGMS shall increase or decrease the amount of the
Services according to BSI's request for the Services. IGMS shall be obligated to provide
the Services at the volumes requested by BSI at the fees set forth in Exhibit B.
2.3. Training. IGMS shall provide regular training necessary to ensure that the IGMS
Program Staff understands the requirements of Exhibit A.
2.4. Reports. IGMS shall provide to BSI, in a form acceptable to BSI, the reports of types
and volume of services provide and such other reports as BSI may request from time to
time.
3. Consents.
IGMS Licenses and Permits. IGMS shall obtain, maintain and keep current, at IGMSs
expense, all Consents and Governmental Approvals. Upon IGMSs request, BSI shall use its
reasonable best efforts to cooperate with and assist IGMS in obtaining any such
Governmental Approvals, to the extent reasonably possible.
4. Force Majure.
4.1. Force Majeure. If and to the extent that a Party's (an "Affected Party") performance of
any of its obligations pursuant to this Agreement is prevented, hindered or delayed
directly or indirectly by the other Party or by fire, flood, earthquake, elements of nature
(subject to the following sentence) or acts of God or any other similar cause beyond the
reasonable foreseeable control of the Affected Party or a labor strike (each, a "Force
Majeure Event"), and such non-performance, hindrance or delay could not have been
prevented by reasonable precautions, then the Affected Party shall be excused for such
hindrance, delay or non-performance, as applicable, of those obligations affected by the
Force Majeure Event for as long as such Force Majeure Event continues and the
Affected Party continues to use its best efforts to recommence performance whenever
and to whatever extent reasonably possible without delay, including through the use of
alternate sources, workaround plans or other means; provided, however, that the use of
such alternate sources, workaround plans or other means shall cease, upon the cessation
of the Force Majeure Event. For so long as a Force Majeure Event continues, the non-
Affected Party shall, upon the Affected Party's reasonable request cooperate with the
Affected Party. The Affected Party shall immediately notify the other Party of the
occurrence of the Force Majeure Event and describe in reasonable detail the nature of
the Force Majeure Event. In the event that the Force Majeure Event shall continue for a
period exceeding twenty (20) calendar days, either party shall be entitled to terminate
this Agreement.
4.2. Alternate Source. If and for so long as any Force Majeure Event prevents, hinders or
delays performance of any Service, BSI may procure part or all of the Services from an
alternate source (and BSI shall be responsible for the fees as set forth in Article 7.3).
4.3. No Payment for Unperformed Services. Nothing in this Article 15 shall limit BSIs
obligation to pay any charges due IGMS under this Agreement; provided, however, that
if IGMS fails to provide the Services in accordance with this Agreement due to the
occurrence of a Force Majeure Event, the Fees shall be adjusted in a manner such that
BSI is not responsible for the payment of any Fees (or other charges) for Services that
IGMS fails to provide.
5. Fees.
5.1. Designated Fees. In consideration of IGMS providing the Services, BSI shall pay, or
make available, to IGMS the Fees in accordance with Schedule A.
5.2. Adjustments to Fees. All Fees shall remain in full force and effect for the Term and the
Termination Assistance Period, except as expressly set forth in this Agreement.
5.3. Rights of Set-Off. With respect to any amount that (i) should be reimbursed to BSI, or
(ii) is otherwise payable to BSI pursuant to this Agreement, BSI may upon notice to
IGMS deduct the entire amount owed to BSI against the charges otherwise payable or
expenses owed to IGMS under this Agreement.
5.4. Proration. Except as set forth in Schedule A, all periodic Fees or charges under this
Agreement are to be computed on a calendar month basis and shall be prorated on a per
diem basis for any partial month.
6. Audits Rights.
6.1. Services. Upon notice from BSI and at the BSIs cost, IGMS shall provide BSI, or its
designated third party contractor, with access to and any assistance (including financial
records, reports and supporting documentation) that they may require with respect to the
Service Locations and the IGMS for the purpose of performing audits or inspections of
the Services and related Data Security procedures.
6.2. Record Retention. IGMS shall retain records and supporting documentation sufficient
to document the Services and the Fees paid or payable by BSI under this Agreement for
a period of four (4) years following the effective date of termination.
8. Confidentiality.
8.1. General Obligations. The recipient Party shall hold all Confidential Information
relating to or obtained by the disclosing Party in strict confidence. Except as permitted
by this Agreement, neither Party or its Agents shall disclose, publish, release, transfer or
otherwise make available Confidential Information of, or obtained from the other in any
form to, or for the use or benefit of, any person or entity without the disclosing Party's
consent. Each of BSI and IGMS shall, however, be permitted to disclose relevant aspects
of the other's Confidential Information to its officers, professional advisors,
subcontractors and employees, provided that:
(i) such persons and/or entities have executed a confidentiality agreement,
(ii) disclosure is reasonably necessary for the performance of its duties and obligations
under this Agreement.
10.2. Termination for Change in Control of IGMS. In the event of: (1) a Change in Control
of IGMS that in BSIs reasonable judgment would materially adversely affect the quality
or performance of the Services, BSI may terminate this Agreement by giving IGMS
notice of termination at least ninety (90) days prior to the termination date specified in
the notice. IGMS shall notify BSI at least ninety days (90) days prior to the
consummation of any Change in Control of IGMS.
11. Indemnities.
11.1. Indemnity by BSI. BSI shall indemnify IGMS from, and defend and hold IGMS
harmless from and against, any Losses suffered, incurred or sustained by IGMS or to
which IGMS becomes subject, resulting from or arising out of any third party claim:
(a) that BSI has breached a representation or warranty as forth in section 12.1; or
(b) relating to personal injury (including death) or property loss or damage resulting
from the gross negligence of BSIs employees at the IGMS Service Location; or
(c) arising out of BSIs failure to provide services to its customers (provided such
failure is not caused by or the result of IGMS breach of this Agreement), or
(d) arising out of any script or other written or oral presentations furnished by BSI to
IGMS or approved in writing by BSI for use by IGMS.
11.2. Indemnity by IGMS. IGMS shall indemnify BSI from, and defend and hold BSI
harmless from and against, any Losses suffered, incurred or sustained by BSI or to
which BSI becomes subject, resulting from or arising out of any third party claim:
(a) relating to a breach of section 12.2; or
(b) negligent performance of the Services provided by IGMS;
(c) relating to the failure by IGMS to obtain, maintain or comply with the Consents and
Governmental Approvals;
(d) relating to personal injury (including death) or property loss or damage to the extent
caused by IGMSs or IGMS Agents' acts or omissions;
(e) arising out of IGMSs performance of services for any of its customers other than
BSI.
IN WITNESS WHEREOF, each of BSI and IGMS has caused this Agreement to be signed and
delivered by its duly authorized representative.
Name: By:
SCHEDULE A.
3. Supply of Information
(a) Distributional aspects from literature & herbarium - Rs. 100/- per plant
(b) Literature per reference - Rs. 15/- + Xeroxing charges
(c) Supply of material for research
i. Dry - Rs. 100/-+ cost of collection
ii. Pickled - Rs. 150/- + cost of collection
4. Field Work
Cost of transportation, boarding/lodging charges + materials + Rs. 500/- per day and Rs.
200/- for part of the day.
(Double charges for commercial organisations and NGOs)
5. Training
(a) Herbarium methodology - 15 days
- Rs. 5000/- for institutuions
- Rs. 1000/- for unaided students
Floristic and Taxonomic studies: The taxonomic studies so far conducted by the Survey for the
preparation of National/State/District Floras, fragile ecosystems and revisionary studies on
families/genera/tribes
Exploration of Plant Resources: The present exploration status of countrys plant resources as
a result of intensive and extensive surveys
Inventorisation of Endangered Plant Species: Based on the survey and exploration as well as
herbarium and literature studies, about 1500 species of flowering plants and few hundreds of
Pteridophytes, Bryophytes, Lichens and Fungi have been identified as threatened. After careful
and critical evaluation of their status and threat perceptions, the Survey has compiled Data
Sheets on 1182 species, 708 of which have already been published as Red Data Book of Indian
Plants: volume 1 3 (vol. 4 & 5 are in press).
Protected Areas
Ethnobotanical Studies
Geobotanical Studies
National Database
Miscellaneous studies
Publications
Advisory Services:
9. Field Work
10. Training
(c) Herbarium methodology
(d) Advance training in gardening and plant cultivation