INTERNSHIP
AGREEMENT
This INTERNSHIP
AGREEMENET made as of the__________
(effective date), by and between _____________________(Company) and
_____________________(Intern), collectively “the parties”.
The purpose of this internship is
for intern to gain practical knowledge and valuable insight and experience and
the company is willing to grant intern an internship and it seeks to obtain
benefit of the service of intern.
The parties, IN CONSIDERATION of
the mutual promises, conditions and covenants contained herein, hereby agrees
as follow:
1)
“Term”:- This
agreement shall commence upon the effective date, as stated above and will
continue until ______
2)
“Compensation”:- The
parties agree this is an unpaid internship in that intern will not be
financially compensated for duties performed at company.
3)
“Internship position title, duties and responsibilities”:- Intern
shall work as ______, and is required perform following duties and undertake
following responsibilities in a professional manner.
a)
__________
b)
__________
c)
__________
d)
__________
4)
“Benefits”:- The
perks offered to the intern by the company include “Certificate” and “Letter of
Recommendation”.
5)
“Probation Period”:- The
parties agree that the _____days of the internship shall constitute a
probationary period during which period the company may, in its absolute
discretion, terminate the internship, for any reason with or without notice.
6)
“Confidentiality”:- During the course of this Agreement, it may be
necessary for Company to share proprietary information, including trade
secrets, industry knowledge, and other confidential information, to Intern in
order for Intern to complete the Duties and Responsibilities. Intern will not
share any of this proprietary information at any time. Intern also will not use
any of this proprietary information for his/her personal benefit at any time.
This section remains in full force and effect even after termination of the Agreement
by it’s natural termination or the early termination by either party.
7)
“Intellectual Property”:- Intern
agrees that any content provided to Intern by Company in order to perform
Intern’s Duties and Responsibilities, including but not limited to, images,
videos, and text, copyrights or trademarks, remains solely owned by Company.
Intern agrees that any content provided by Intern to the Company in the course
of performing Intern’s Duties and Responsibilities, including but not limited
to, images, videos, and text, copyrights or trademarks, is solely and legally
owned by Intern, but Intern grants Company a non-exclusive, transferable,
sub-licensable, royalty-free, worldwide license to use any such content in
connection with Intern’s Duties and Responsibilities. Any materials developed
by the Company, making use of the content, remains the sole property of the
Company. Any work product Intern may create during the course of this Agreement
remains the sole property of Company.
8)
“Termination”:- This
Agreement may be terminated at follows:
a)
__________
b)
__________
c)
__________
Upon
termination, Intern shall return all Company content, materials, and all Work
Product to Company at its earliest convenience, but in no event beyond thirty
(30) days after the date of termination.
9)
“Representations and Warranties”:- Both
Parties represent that they are fully authorized to enter into this Agreement.
The performance and obligations of either Party will not violate or infringe
upon the rights of any third-party or violate any other agreement between the
Parties, individually, and any other person, organization, or business or any
law or governmental regulation. Intern further represents that he/she is duly
authorized to work in India and is of legal age to work.
10) “Limitation of Liability”:- Under no
circumstances shall either party be liable to other party or any third party
for any damages resulting from any part of this agreement such as, but not
limited to, loss of revenue or anticipated profit or business, costs of delay or
failure of delivery, which are not related to or the direct result of a party’s
negligence or breach.
11) “Severability”:-The Parties agree that if any
portion of this Agreement is held to be unenforceable or invalid then said
article or part shall be struck and all remaining provision shall remain in
full force and effect
12) “Entire
Agreement”:- The Parties acknowledge and agree
that this Agreement represents the entire agreement between the Parties. In the
event that the Parties desire to change, add, or otherwise modify any terms,
they shall do so in writing to be signed by both parties.
The
Parties agree to the terms and conditions set forth above as demonstrated by
their signatures as follows:
“COMPANY
Signed:
_____________________________________
By:
________________________________________
Date:
_______________________________________
“INTERN”
Signed:
_____________________________________
By:
________________________________________
Date:
______________________________________
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