This INTERNSHIP AGREEMENT (the " Agreement") is made on July 17,2018 (the " Execution Date").
BY AND AMONGST
Samuni Inc. , Private Company , duly incorporated and registered under the Companies Act, 1956 / 2013 (as applicable), and having its registered office at Test , Kichha , Uttarakhand - 1231421 (hereinafter referred to as the " Company", which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include its successors and permitted assigns);
Perl, residing at OP Client Address , Andorra la Vella , Andorra la Vella - 123123 (the " Intern"), who is a student of DTU and pursuing B.tech.
Each party above named shall be referred to as a " Party" when referred to individually and shall be referred to as the " Parties " when referred to collectively.
In this Agreement, unless the context otherwise requires, references to one gender include all genders and references to the singular include the plural and vice versa.
1.1 Internship Period The Intern 's internship is expected to commence on August 21, 2018 (" Start Date")and shall continue for a minimum period of 6 Months , i.e., till January 16, 2019 , from the Start Date .
1.2 Extension of Internship PeriodThe Internship Period is subject to an extension at the sole discretion of the Company .
1.3 Conditions on Continued Internship This Agreement , the Start Date and the Intern 's continued internship, with the Company , are subject to a number of factors, including but not limited to the following: (i) the Intern 's ability to perform its functions at the Company 's work location; and/ or (ii) satisfactory completion of any checks or verifications (which may include a background check) required by the Company ; and/ or (iii) the Company 's satisfaction with regards to the Intern 's performance at the Company .
1.4 Expenses. The Client will reimburse out of pocket expenses incurred by the Designer. Expenses must be preapproved by the Client.
1.5 Invoices. The Designer will invoice the Client for work done at the end of the project. The Client agrees to pay the amount owed within 15 days of receiving the invoice. Payment after that date will incur a late fee of 5.0% per month on the outstanding amount.