Terms and Conditions for Contractual Resources

Effective Date: 27th January 2025

Company Name: Peopleonbench

Company Address: Suncity Success Tower, Golf Course Ext Rd, Sector 65, Gurugram, Haryana 122005

Email: aman@peopleonbench.com

1. Introduction

These Terms and Conditions ("Agreement") govern the relationship between Peopleonbench (the "Company") and the contracted resources, partners, or individuals (collectively referred to as the "Contractor" or "Contractual Resources") engaged by the Company for the provision of services. By entering into this agreement, both parties agree to adhere to these terms.

2. Scope of Work

The Contractor agrees to perform the duties and services as outlined in their individual work order or project agreement ("Scope of Work") with the Company. Any changes to the scope of work must be agreed upon in writing by both parties.

3. Duration of Engagement

The term of this engagement will be determined based on the project or assignment, as stated in the Scope of Work. The Company reserves the right to terminate the contract at any time, subject to the terms of the individual agreement.

4. Compensation and Payment Terms

• The Contractor will be paid as per the terms defined in the Scope of Work.
• Payments will be made on the agreed-upon schedule (e.g., monthly, upon completion of milestones, etc.).
• All invoices must be submitted with the necessary documentation for approval.
• The Company may withhold payment if the Contractor fails to meet the expected deliverables or timelines, as specified in the Scope of Work.

5. Confidentiality

The Contractor agrees to maintain the confidentiality of all proprietary information related to the Company's business, including client data, intellectual property, business strategies, and internal communications. This confidentiality obligation continues even after the termination of the engagement.

6. Non-Compete and Non-Solicitation

• The Contractor agrees not to engage in any business activity that directly competes with the Company's business during the term of the contract and for a specified period (usually six months to one year) following the termination of the agreement.
• The Contractor agrees not to solicit the Company's clients, partners, or employees for their own benefit or for the benefit of any third party during and after the term of the engagement.

7. Intellectual Property

• Any intellectual property created by the Contractor during the course of the engagement, including software, designs, documents, and reports, will be the exclusive property of the Company.
• The Contractor agrees to assign and transfer any rights to such intellectual property to the Company upon creation.

8. Termination of Agreement

• Either party may terminate the agreement with written notice if the other party breaches any material terms of the agreement.
• Upon termination, the Contractor will return all Company property, documents, and confidential information.
• Payment for services rendered up until the termination date will be processed according to the agreed terms.

9. Liability and Indemnity

• The Contractor shall perform services with the highest degree of care and professionalism. The Company will not be held liable for any damages, loss, or expenses arising from the Contractor's negligence or failure to perform.
• The Contractor agrees to indemnify and hold the Company harmless from any claims or liabilities arising from their actions during the engagement.

10. Governing Law and Dispute Resolution

• This Agreement shall be governed by and construed in accordance with the laws of India.
• Any disputes arising from or in connection with this Agreement will be resolved through amicable negotiation. If resolution cannot be reached, the matter will be submitted to binding arbitration in Gurugram, Haryana.

11. Force Majeure

Neither party shall be held liable for failure or delay in performance due to circumstances beyond their reasonable control, including but not limited to natural disasters, pandemics, or governmental actions.

12. Amendments

Any amendments to this Agreement must be made in writing and signed by both parties. No oral modifications will be considered valid.

13. Miscellaneous

• This Agreement represents the entire understanding between the Company and the Contractor with respect to the subject matter and supersedes all previous agreements or understandings.
• Any notices or communications under this Agreement shall be sent to the respective parties via email or to the addresses provided above.