North Carolina Sample Amendment to Consulting Agreement between GeneLink, Inc. and Robert P. Ricciardi, Ph.D.

• Category: Corporations - Public - Consulting
• State: Multi-State
• Control #: US-EG-9163
• Format: Word; Rich Text

Description

Amendment to Consulting Agreement between GeneLink, Inc. and Robert P. Ricciardi, Ph.D. dated December 31, 1998. 2 pages Title: North Carolina Sample Amendment to Consulting Agreement between Gentling, Inc. and Robert P. Riccardo, Ph.D. Introduction: The North Carolina Sample Amendment to Consulting Agreement is a legally binding document that outlines the modifications made to an existing consulting agreement between Gentling, Inc. and Robert P. Riccardo, Ph.D. This amendment provides clarity and updates to the terms and conditions of the original agreement, ensuring the interests of both parties are protected. Key Terms and Provisions: 1. Parties Involved: The North Carolina Sample Amendment specifies the parties involved in the consulting agreement, namely Gentling, Inc., a prominent bioinformatics company, and Robert P. Riccardo, Ph.D., an esteemed consultant in the field. 2. Nature of the Consulting Services: This amendment clearly delineates the scope and nature of the consulting services to be provided by Dr. Riccardo. It outlines specific tasks, responsibilities, and objectives required from the consultant, ensuring both parties are aligned in their understanding. 3. Compensation and Payment Terms: The amendment provides details regarding the revised compensation and payment terms between the parties. It includes clauses related to the consultant's fees, schedule of payment, and any modifications to the original agreement's financial terms. 4. Confidentiality and Intellectual Property: This section ensures the protection of confidential and proprietary information owned by Gentling, Inc. Dr. Riccardo is required to maintain strict confidentiality and respect the intellectual property rights of the company during and after the consulting period. 5. Term and Termination: The North Carolina Sample Amendment addresses the duration of the amended agreement and any provisions related to its termination. It offers flexibility for either party to terminate the consulting relationship under certain circumstances, ensuring a mutually beneficial agreement. Types of North Carolina Sample Amendment to Consulting Agreement: 1. Amendment to Extend the Consulting Period: This type of amendment allows for the extension of the consulting period beyond the original agreement's termination date. It may be implemented when additional time is required to achieve desired project outcomes or when both parties wish to continue their working relationship. 2. Amendment to Update Compensation: This amendment is utilized when modifications to the compensation terms of the original agreement are required. It could involve changes in fee structure, payment schedules, or other financial aspects, ensuring fairness for both parties involved. 3. Amendment to Expand or Limit Scope of Services: This type of amendment is employed when the scope of the consulting services needs modification. It can be used to either broaden or restrict the consultant's responsibilities, based on the evolving needs of Gentling, Inc. Conclusion: The North Carolina Sample Amendment to Consulting Agreement provides a strategic framework for revising the terms and conditions of the original agreement between Gentling, Inc. and Dr. Riccardo. By addressing key aspects such as nature of services, compensation, confidentiality, and termination, this amendment ensures a clear understanding between both parties while facilitating a successful consulting engagement.

Title: North Carolina Sample Amendment to Consulting Agreement between Gentling, Inc. and Robert P. Riccardo, Ph.D. Introduction: The North Carolina Sample Amendment to Consulting Agreement is a legally binding document that outlines the modifications made to an existing consulting agreement between Gentling, Inc. and Robert P. Riccardo, Ph.D. This amendment provides clarity and updates to the terms and conditions of the original agreement, ensuring the interests of both parties are protected. Key Terms and Provisions: 1. Parties Involved: The North Carolina Sample Amendment specifies the parties involved in the consulting agreement, namely Gentling, Inc., a prominent bioinformatics company, and Robert P. Riccardo, Ph.D., an esteemed consultant in the field. 2. Nature of the Consulting Services: This amendment clearly delineates the scope and nature of the consulting services to be provided by Dr. Riccardo. It outlines specific tasks, responsibilities, and objectives required from the consultant, ensuring both parties are aligned in their understanding. 3. Compensation and Payment Terms: The amendment provides details regarding the revised compensation and payment terms between the parties. It includes clauses related to the consultant's fees, schedule of payment, and any modifications to the original agreement's financial terms. 4. Confidentiality and Intellectual Property: This section ensures the protection of confidential and proprietary information owned by Gentling, Inc. Dr. Riccardo is required to maintain strict confidentiality and respect the intellectual property rights of the company during and after the consulting period. 5. Term and Termination: The North Carolina Sample Amendment addresses the duration of the amended agreement and any provisions related to its termination. It offers flexibility for either party to terminate the consulting relationship under certain circumstances, ensuring a mutually beneficial agreement. Types of North Carolina Sample Amendment to Consulting Agreement: 1. Amendment to Extend the Consulting Period: This type of amendment allows for the extension of the consulting period beyond the original agreement's termination date. It may be implemented when additional time is required to achieve desired project outcomes or when both parties wish to continue their working relationship. 2. Amendment to Update Compensation: This amendment is utilized when modifications to the compensation terms of the original agreement are required. It could involve changes in fee structure, payment schedules, or other financial aspects, ensuring fairness for both parties involved. 3. Amendment to Expand or Limit Scope of Services: This type of amendment is employed when the scope of the consulting services needs modification. It can be used to either broaden or restrict the consultant's responsibilities, based on the evolving needs of Gentling, Inc. Conclusion: The North Carolina Sample Amendment to Consulting Agreement provides a strategic framework for revising the terms and conditions of the original agreement between Gentling, Inc. and Dr. Riccardo. By addressing key aspects such as nature of services, compensation, confidentiality, and termination, this amendment ensures a clear understanding between both parties while facilitating a successful consulting engagement.