OLD TOWN TRADING
      SWINDON LTD                

 

  

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the Work Statement, the Contractor shall bear all of its own expenses arising from its performance of its obligations under this Agreement, including (without limitation) expenses for facilities, work spaces, utilities, management, clerical and reproduction services, supplies, and the like. 3.2       Time and MaterialsWith respect to Deliverables, hosting services and other services for which the parties determine that payment on a fixed price basis is not appropriate, the Work Statement may provide for payment on the basis of time and materials, (for any changes required to the web site, over and above the standard free hour per month) determined according to the published hourly rates set out on the Contractor's web site at www.oldtowntrading.co.uk. Any increases in the  published hourly rates will be subject to agreement and notified 30 days in advance. 4.         Term and Termination4.1       TermThis Agreement will remain in effect through the period of time during which the parties agree that the Contractor will host the Web Site, as described in the Work Statement. Duration and Termination 4.2       Either party shall have the right, exercisable by giving not less than one months’ written notice to the other at any time prior to the expiry of the period specified in Clause 4.1.  including any agreed extension in time.4.3       Either party may terminate this Agreement after the Website has been developed and commissioned by giving to the other not less than one months written notice..4.4       Either party may forthwith terminate this Agreement by giving written notice to the other party if:-4.4.1    any sum owing to that party by that other party under any of the provisions of this Agreement is not paid within 30 days of the due date for payment;4.4.2    that other party commits any other breach of any of the provisions of this Agreement and, if the breach is capable of remedy, fails to remedy it within 30 days after being given written notice giving full particulars of the breach and requiring it to be remedied;4.4.3    an encumbrancer takes possession, or (where that other party is a company) a receiver is appointed, of any of the property or assets of that other party;4.4.4    that other party makes any voluntary arrangement with his or its creditors or (being a company) becomes subject to an administration order (within the meaning of the Insolvency Act 1986);4.4.5    that other party (being an individual or firm) has a bankruptcy order made against him or it or (being a company) goes into liquidation (except for the purposes of amalgamation or re-construction and in such a manner that the company resulting therefrom effectively agrees to be bound by or assume the obligations imposed on that other party under this Agreement);4.4.6    anything analogous to any of the foregoing under the law of any jurisdiction occurs in relation to that other party;4.4.7    that other party ceases, or threatens to cease, to carry on business; or4.4.8    control of that other party is acquired by any person or Connected Persons not having control of that other party on the date of this Agreement.4.5       For the purposes of Clause 4.4.2, a breach shall be considered capable of remedy if the party in breach can comply with the provision in question in all respects other than as to the time of performance (provided that the time of performance is not of the essence).4.6       The rights to terminate this Agreement given by this Clause 4 shall not prejudice any other right to remedy of either party in respect of the breach concerned (if any) or any other breach.5.         Effects of Termination            Upon the termination of this Agreement for any reason:-5.1       any sum owing by the Company to the Contractor under any of the provisions of this Agreement shall be immediately payable and the Company will pay the Contractor for all unpaid invoices and uncompensated staff time and expenses up to the date of termination; provided, however, that if the Deliverables and/or hosting services are being performed on a fixed price billing basis, all staff time and expenses shall be paid as if on a time and material billing basis;5.2       each party shall forthwith cease to use, either directly or indirectly, any Confidential Information, and shall forthwith return to the other party any documents in its possession or control which contain or record any Confidential Information;5.3       any provision of this Agreement which is expressed to continue in force after termination shall continue in full force and effect; and5.4       subject as provided in this Clause 5, and except in respect of any accrued rights, neither party shall be under any further obligation to the other.6.         The Company's Responsibilities6.1       The Company shall (i) obtain the domain name ( with assistance from the contractor) , (ii) furnish information requested by the Contractor, (iii) provide adequate access to personnel of the Company, and (iv) maintain the accessibility and
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