8.1 The parties act as independent entities and are not permitted to enter into agreements on behalf of the other party or to bind the other party elsewhere. The Director undertakes, in addition to the obligations set out in the Agreement, to cooperate with the Company or one of its successors (including the Company`s past or future subsidiaries), the Exempted Parties or its General Counsel, as the Company may reasonably require, to cooperate and make itself available to assist in any matter, including truth testimony in a Potential Dispute or Litigation. of which the manager may have knowledge, information or expertise. The terms of the consulting agreement require our advisor to cooperate with any notice of termination from our board of directors and to take all necessary steps to ensure an orderly transfer of advisory functions to a successor upon receipt of notice of termination. It is the duty of our Board of Directors to evaluate the performance of our advisor before renewing the consulting contract. Termination of this Agreement shall not terminate the obligation to compensate, retain and make available records related to the Agreement, to cooperate with an audit, to be set off or to report on activities prior to termination. In principle, a cooperation agreement can only be terminated if (i) the duration of the contract has expired or (ii) one of the contracting parties fails to comply with its obligations under the Treaty. Whether or not there is no non-performance must be assessed in the light of the circumstances of the case. By noting in advance what constitutes non-compliance by the parties, it is possible to avoid conflicts. 1.4 This is voluntary cooperation between the parties as a sole proprietorship and not as a joint venture, joint venture or other legal person, and each party remains responsible for its own activities and may not bind or bind the other party in the absence of another agreement. The great deal of contractual freedom in the design of cooperation agreements allows the parties to decide for themselves what they wish to include in the agreement.
There are a number of essential elements that should actually be included in any cooperation agreement. Firstly, the cooperation agreement should indicate which parties will participate in the agreement and what the purpose of the cooperation is. Secondly, it should define the rights and obligations of each of the parties with regard to cooperation. Of course, the cooperation agreement should include the duration of the cooperation, the grounds for dismissal, the consequences of termination, the management of conflicts and the arrangements for control. The provisions that will be included and those that will not depend on cooperation. That is why a cooperation agreement can be described as a truly tailor-made agreement. It is important to include in the cooperation agreement the reasons why the cooperation may end. At the beginning of the cooperation agreement, this is obviously not the first thing that comes to mind, but it can of course happen to come into conflict with the other party or the other party does not comply with the obligations arising from the cooperation agreement. In such a case, it is convenient for you to terminate the contract.
5.1 Each party is liable for any damage it may cause or any liability it may incur. 7.1 Commercial information that the parties may obtain or hold about the other party is considered confidential and may not be disclosed to third parties without the prior written consent of the party concerned. A breach of this clause results in a fine of XX €, £,$ per offence. . . .