Compensation for services under this framework agreement is agreed in individual agreements. The Company`s standard payment terms are stated in the GENERAL TERMS OF PAYMENT document and are industry standard (45 days after the end of the billing month). From August 1, 2015, all invoices will be processed through Pangeanic`s supplier portal pangeanic-online.com/vendors/. E-mail invoices are not accepted. Our supplier portal allows translators to check the status of their account, past and unpaid invoices, current orders, etc. The integration clause opens the door to oral or written commitments. Do not sign an agreement if something is missing, and do not accept the assurance that the other party will correct it later. Evaluation Agreement – A contract in which one party promises to submit an idea, and the other party promises to evaluate it. After the evaluation, the evaluator will either reach an agreement to use the idea or promise not to use or disclose it. The translator must treat confidential information confidentially and cannot disclose this information to third parties, including as part of a confidentiality agreement between the translator and that third party, and cannot use them for his own benefit or for the benefit of a third party, without Pangeanic having given his prior written consent, but that this does not apply to information: the option clause – an agreement in which one party pays the other for the possibility of later using an innovation, idea or product. This agreement will enter into force at the signing of both parties and will remain in force indefinitely.
Any party that imposes three months in writing on the other party in question may terminate it at any time. The termination of this contract, for whatever reason, does not affect the validity of individual orders abandoned prior to termination. You cannot prohibit the receiving party from disclosing information that is known to the public, that was legally acquired from another source or developed by the receiving party before they meet you. Similarly, it is not illegal for the receiving party to reveal your secret with your permission. These legal exceptions exist with or without agreement, but they are usually contained in a contract in order to make everyone understand that this information is not considered a trade secret. In the NDA`s standard agreement, the ”revealing party” is the person who reveals secrets and the ”receiving party” is the person or company that receives the confidential information and is required to keep it secret. The conditions are activated to indicate that they are defined in the agreement. The model agreement is a ”unite” agreement (or in a legal agreement, ”unilateral”), that is, only one party reveals secrets.