Rights and Obligations of the Parties 


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Rights and Obligations of the Parties



2.1.The Trustee shall provide electric power for lighting equipment of the Client's advertising panels.

2.2.The Executor shall provide guarantee services for the Client's lighting equipment and advertising panels for the duration of the present Contract.

2.3.Either party has the right to cancel the Contract by written notice 30 days in advance of the estimated date of termination. In this case the cost of placement from the time of the cancellation of the Contract till the agreed termination date shall be returned to the Client (rental payment for the remaining months).

Settlement Procedure

3.1. The Client shall make payment under the present Contract in the amount of GBP _____ into the settlement account of the Trustee within 14 banking days from the date of the present Contract.

Responsibility

4 1. In the event of the Client's delay in payments in accordance with Article 3.1. of this Contract for more than 3 (three) banking days, the Trustee has the right to terminate the Contract unilaterally.

4 2 The Executor is liable for the proper condition of the panels and shall eliminate all defects at his own account within reasonable time from the moment they are discovered.

4.3. The Trustee guarantees that in the event of restructuring (liquidation) of the Executor, termination of the agency agreement between the Trustee and the Executor, the present Contract will not be revoked and the Trustee shall become legal successor to the Executor.

Dispute Resolution

5.1. All disputes arising in connection with this Contract shall be settled in an amicable way. Should the parties fail to reach amicable settlement, the dispute shall be settled by the Court of Arbitration of the Russian Federation.

Force Majeure

6.1. Should any circumstances arise which make complete or partial fulfillment by either party of its obligations under the present Contract impossible, the time stipulated for the fulfillment of these obligations shall be extended for as long as these circumstances prevail.

Other Provisions

7.1. This Contract is executed in two copies, one for each party, both texts having equal legal validity.

7 2. All amendments and supplements to the present Contract shall be valid if made in written form by agreement of both parties.

CONTRACT 3

Agreement to Provide Legal Services

_______, represented by______, acting on the basis of_____(the «Client»), and_______ (licensed by________), represented by______, acting on the basis of a power of attorney (the «Consultant») hereby agree as follows:

Subject Matter

The Consultant shall provide to the Client legal services and the Client shall pay the Consultant for the provision of those services and reimburse all expenses incurred by the Consultant in the course of providing those services.

Obligations of the Consultant

2.1. The Consultant shall advise the Client with written advice on:_______

2.2. The Consultant, to provide oral and written advice, may engage on a subcontract basis other law firms located in jurisdictions where the Consultant does not have a representative office or an affiliate.

2.3. The Consultant shall take all reasonable measures to fulfill its obligations properly, exercising care and attention to the extent prescribed by the nature of the obligations and local business practice.

Obligations of the Client

3.1. The Client shall provide the Consultant on a regular basis with such information as the Consultant may request, to assist the Consultant to provide the legal services in accordance with its obligations under Clause 2 of this Agreement.

3.2. The Client shall pay the Consultant for the legal services in accordance with provisions of Clause 4.

3.3. The Client shall reimburse all expenses incurred by the Consultant in providing the legal services.

Terms of payment

4.1. The Client undertakes to pay for the Consultant's services on the basis of invoices issued by the Consultant after the services under this Agreement are performed.

4.2. The Consultant's charge for its services will depend on the number of hours spent by the Consultant's employees on the Client's matter and shall be calculated in accordance with the hourly rates set out in Schedule 1 to this Agreement.

4.3. The Consultant shall in addition invoice and charge the Client for all disbursements and expenses incurred in providing the legal services, including state duties, fees, international telephone and fax calls, interpreters and translators, secretarial overtime and notary fees. All charges will be calculated excluding Value Added Tax which to the extent that it is payable, shall be paid by the Client.

4.4. In the event that the Client fails to pay an invoice posted in accordance with Clause 4.3. of this Agreement within _____ calendar days from the date of its posting, the Client shall pay a penalty of 1 (one) per cent of the total amount due for each day of default.

 



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