This Service Agreement ("Agreement") is entered into by and between ("Client") and Vyrtual ("Service Provider"), collectively referred to as the "Parties."
1. Services Provided:
The Service Provider agrees to provide the Client with a Team-in-a-Box service, including a full-time executive assistant, graphic designer, and web developer. This service comes with unlimited tasks, with one task being completed at a time and the rest placed in a queue. Additional services such as front-end and back-end development will require a separate agreement and pricing.
2. Intellectual Property:
All intellectual property created by the Client remains the sole property of the Client. The Service Provider claims no ownership over any Intellectual Property developed by the Client during the term of this Agreement.
3. Confidentiality:
The Service Provider agrees to maintain the confidentiality of all Client information, trade secrets, and roadmaps. The Service Provider will not disclose any confidential information to third parties without the Client's explicit consent.
4. Non-Disclosure Agreement (NDA):
While the Service Provider agrees to sign any NDA presented by the Client, this Agreement inherently includes a provision for the protection of the Client's intellectual property and confidential information.
5. Exclusions:
The Team-in-a-Box service does not include front-end and back-end development for product build-out unless specified in a custom proposal agreed upon by both Parties. Custom services will be subject to separate pricing and terms.
6. Payment Terms:
The Client agrees to pay the Service Provider a monthly or annual fee for the Team-in-a-Box service. Payment is due in advance of service provision. No refunds will be provided.
7. Term & Termination:
This Agreement is valid for one month or one year based on chosen package from the date of signing and will automatically renew monthly or annually unless either Party provides written notice of termination. Services will cease immediately if payment is not received upon renewal.
8. Indemnification:
Both Parties agree to indemnify and hold each other harmless against any damages, losses, or expenses arising from a breach of this Agreement.
9. Dispute Resolution:
Any disputes arising from this Agreement will be resolved through mediation. If unresolved, disputes will be subject to arbitration in accordance with the rules of the American Arbitration Association, with proceedings to be held in Delaware.
10. Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware.
11. Entire Agreement:
This Agreement constitutes the entire agreement between the Parties and supersedes all prior agreements and understandings.