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University Consulting Agreement

In Uncategorized on 14/04/2021 at 08:00

Similarly, you should determine whether the company expects you to share confidential studies of your laboratory or the results of clinical trials for which you act as the lead auditor or advisor to the sponsor of the study. Recent headlines (including the indictment last year of a Columbia University scientist accused of disclosing confidential clinical trial results to a hedge fund in violation of his consulting contract with the experimental sponsor) show the risk of disclosing confidential information to an outside company, particularly if information relating to insider trading could be used. 1.1 Services. The company entrusted Consultant with the provision of services related to the [merger of the project or activity of the company]. Councillor is an advisor [summary of services to be provided to consultants], and the other services described in Schedule A (together, “advice services”). Don`t think a company will be angry with you if it raises questions or negotiates better terms. The business world is used to discussions and negotiations. Use the advice agreement to define your future relationship and get things in order. You may have to live with what you have agreed for a long time.

5. Make sure you understand the importance and implications of everything in your agreement. Some advisory agreements have “legal provisions” whose effects may not be obvious. The contract may require, for example. B, that everything the company tells you remains confidential after the contract expires. Does such a statement mean that you must keep it confidential forever? Is such a long commitment appropriate in areas where innovation has a half-life of one year? How do you know what information you should keep confidential? Consulting agreements (including contracts of members of the Scientific Advisory Committee and conference, seminar and conference agreements) are private contracts between investigators and companies, but these agreements must be consistent with the auditors` obligations to the university. The following sentence should be included in all orientation contracts: “Consultants are employed at Rockefeller University, and the consultant`s obligations to the university replace all the provisions of this agreement.” Specific higher education policies regarding auditors` obligations are mentioned in the draft consultation contract. The Advisor acknowledges that the provisions of Articles 5, 6 and 7 of this agreement are reasonably necessary to protect the legitimate interests of the company, proportionate in terms of scope and duration and are not overly restrictive. The Advisor also acknowledges that a violation of one of the provisions of Articles 5, 6 or 7 of this agreement will cause irreparable harm to society and that legal protection for breach is insufficient and that, therefore, the company is entitled to demand any fair, but not limited, exemption from termination assistance, and any other remedies available under the legislation or agreement between the parties. The Advisor recognizes that the approval of the harm caused to the business is not a court of order by the protection of the omission.

Damages and claims for omission are appropriate remedies and should not be considered alternative remedies. 1.4 Standard of Behavior. When providing advisory services under this agreement, the advisor must adhere to high professional standards of professional and business ethics.