Effective date: from the date of action on acceptance

PARTIES:

1. IMPACT STARTUP: TailBook DOO, Budva, Montenegro
2. TRAINEE

PREAMBLE
As IMPACT STARTAP is developing a mobile application and services ecosystem (‘Application and Services’); and
Because IMPACT STARTAP wishes to engage TRAINEE on a pro bono basis to provide certain services related to the development of the Application and Services; and
WHEREAS, TRAINEE agrees to provide such services to IMPACT STARTUP without any claim of ownership, compensation or future rights with respect to the Application and services;
WHEREAS, in consideration of the mutual promises contained herein, the parties agree as follows:

1. SERVICES.
TRAINEE agrees to provide IMPACT STARTUP with services (‘Services’) in accordance with its professional specialisation.

2. OWNERSHIP OF THE APPLICATION AND SERVICES
Exclusive Rights: IMPACT STARTAP, TailBook, retains exclusive ownership of and all right, title and interest in the Application and Services, including all intellectual property rights related thereto.
No Claims: TRAINEE acknowledges and agrees that it will have no ownership rights or interests in the Application and services during or after the term of this Agreement.

3. COMPENSATION.
TRAINEE agrees to provide the Services at no charge. The TRAINEE acknowledges that IMPACT STARTUP will not provide any financial compensation, shares or other benefits for the Services provided under this Agreement.
The TRAINEE is entitled to receive a letter of recommendation at the end of the internship and to indicate his/her participation in the development on IMPACT-STARTAP's website and social media.
Upon prior agreement with IMPACT STARTAP, the intern has the right to refer to his/her participation in the development in his/her portfolio as well as in his/her social networks.

4. CONFIDENTIALITY
Confidential Information: the TRAINEE acknowledges that in the course of executing this agreement, the TRAINEE may have access to confidential information, including but not limited to trade secrets, business processes, client lists and technical data.
Nondisclosure: TRAINEE agrees not to disclose or use any confidential information except as necessary to fulfil its obligations under this Agreement. This obligation shall survive the termination of this Agreement.
Return of Materials: Upon termination of this Agreement, the TRAINEE agrees to return all confidential materials to IMPACT STARTUP.

5. NO FUTURE LIABILITIES
No Future Claims: TRAINEE agrees that IMPACT STARTUP is not obligated to provide any future compensation, benefits, or interest in the Application and Services or any related businesses as a result of this Agreement or the Services provided.
No Employment Relationship: the TRAINEE acknowledges that this Agreement does not create an employment, partnership or joint venture relationship and that the TRAINEE is acting solely as an independent contractor.

IMPACT STARTUP, at its sole discretion, shall have the right, but not the obligation, to offer TRAINEE a paid internship or employment relationship upon completion of this Agreement.

6. INDEPENDENT CONTRACTOR STATUS
The TRAINEE acknowledges that he/she is an independent contractor and not an employee, partner, agent or joint venture of IMPACT STARTUP.
The TRAINEE shall not bind or otherwise obligate IMPACT STARTAP in any way.

7. APPLICABLE LAW
This Agreement shall be governed by and construed in accordance with the laws of Montenegro, without regard to conflict of laws principles.

8. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties regarding the Services and supersedes all prior agreements.

9. TERM OF THE CONTRACT
The term of this Agreement shall commence on the date of acceptance. Acceptance means signing the agreement, as well as expressing consent to the agreement by filling in and sending the forms provided by IMPACT STARTAP, such as Questionnaires and the like, and performing the tasks provided by IMPACT STARTAP.
This agreement is valid for the term agreed upon by the participants, unless terminated earlier in accordance with the terms of this Agreement.

10. TERMINATION OF AGREEMENT
Termination for convenience: either party may terminate this agreement by giving 15 days written notice to the other party.

11. AMENDMENTS
This Agreement may be amended only by written agreement signed by both parties.

IMPACT STARTUP
TailBook doo
tailbookme@gmail.com
https://tailbook.me
85310, Montenegro, Budva
+38268109018
Registration number: 51092709