Sub Contract Agreement Format India

ACCORDINGLY, this Subcontracting Agreement has been signed by the Parties in the hands of their duly authorized employees and has taken effect on the Effective Date. Payments made within fifteen days of the monthly invoice, which are supported by the contractor`s worksheets approved by the holder`s representative. The subcontractor grants Prime a non-exclusive, free, worldwide, permanent and irrevocable license of pre-existing intellectual property of the subcontractor and third parties, to the extent that such existing intellectual property is integrated into a delivery element, with the license that includes the right to produce, manufacture, sell, use, reproduce, modify, to adapt, display, distribute, other versions of the property to create and disclose and sub-grant it to others for these things. It`s a lid…