The Consulting Agreement (the "Agreement" or "Consulting Agreement") states the terms and conditions that govern the contractual betweenLibido AD having its principal place of business at Kunhstensgatan 23,114,23 Stockholm, Sweden(the "Consultant"), and Paperwork AB (the "Client") who agrees to be bound by this Agreement.
NOW, THEREFORE, In consideration on the manual covenants and promises made by the parties hereto, the Consultant and the Client (invidualy, each a "Party" and collectively, the "Parties") covenant and agree as follows:
1.Term
This Agreement shall beign on 25/04/2021 and end on 14/05/2021. Either Party may terminate this Agreement for any reason witn 30 days written notice to the other Party.
2.Consulting Services The Consultant agrees that it shall provide its expertise to the Client for all thingspertaining to sound design of a new app(the "Consulting Services").
3.Compensation In consideration for the Consulting Services, the Client shall pay the Consultant at rate of $100 per hour. The Consultant shall invoice the Client once every 30 days and such invoices shall be due and payable within 60 days of the Client's receipt of the invoice.
4. Intellectual Property Rights in Work Product The Parties acknowledge and agree that the Client will hold all intellectual property rights in any work product resulting from the Consulting Services including, but not limited to, copyrightand trademark rights. The Consultant agrees not to claim any such ownership in such work product's intellectual. property at any tiome prior to or after the completion and delivery of such work.